Many who had initially shrugged off the 21-hour long tweet storm by Shervin Pishevar as nothing more than an angry rant are starting to take a second look. While his prediction on the future of the economy may seem rather dismal and pessimistic, they may not be wrong. One of the earliest indications of his predictions’ accuracy is the drastic drop in the stock market in the month of February that continued after Shervin Pishevar’s tweet stating that he believed the United States would see a crash of around 6,000 points.
The future of the United States and their economy as a whole was brought into question when Shervin Pishevar brought up the topic of inflation. While it may appear that it’s been kept relatively in check, he believes that the United States has simply been exporting it to other countries by attempting to stay isolated from the global economy. According to Shervin Pishevar, this isolation will eventually lead to considerable consequences as the rest of the world sees an era of prosperity.
While the concept of entrepreneurial spirit has been something that the United States has held dear, the concept has spread across the globe at a fast rate in the past decade. Unfortunately, the practice of the United States of keeping out global talent has kept the country from benefiting from the spread of the entrepreneurial spirit. Silicon Valley is one of the locations that will be deeply impacted by these practices as the ability to communicate through technology has improved over the years. This makes it much easier to share ideas and work on projects with a team located around the world.
Silicon Valley has held a monopoly on tech startups for decades, but this is starting to come to an end. The leading corporations in the area such as Apple and Microsoft have actively made it harder for startups to grow in the area. Shervin Pishevar believes that a company in which he invested in early, Uber, might be the last to achieve success in the area. Silicon Valley is now a concept as opposed to a place and businesses are moving away from the area to move towards success.