Some of Our Sources
- BoingBoing
- Spoon Graphics
- Smashing Apps
- TutsPlus - Design
- Vandelay Design
- Fuel Your Creativity
- Web Designer Depot
- Web Design Ledger
- Reencoded
- 24 Ways
Help Webnuz
Referal links:
September 10, 2018 08:40 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/ksBlSYf_tqM/replace-tech-with-banks-and-weve-seen-a-big-comeuppance-before
Replace 'Tech' With 'Banks,' and We've Seen a Big Comeuppance Before
Nathaniel Popper, writing for The New York Times: When I moved to the Bay Area two years ago, it was with a sense of relief. Relief from New York winters and deteriorating subways, yes. But also relief after six years of covering Wall Street, an industry that had moved from one crisis to another after the financial crash of 2008, drawing the unending wrath of the public. In California I was joining a growing team of reporters covering Silicon Valley, which had quickly become the new engine of the economy. Just like Wall Street before it lost its luster, the tech industry had become the destination of choice for the top college graduates. I would be writing about a place where everyone was focused more on the future than on the past. Now, just two years after getting here, and a decade after the start of the financial crisis, I have a creeping sense of deja vu as I go about my job. Admiration of the tech world has, in the wake of a growing list of scandals, quickly soured into an intense suspicion that manages to cross partisan lines, similar to what Wall Street faced after 2008 [Editor's note: the link may be paywalled]. As I have watched the recent parade of tech executives being grilled by Washington lawmakers from across the political spectrum, it has been eerily reminiscent of the combative hearings the big banks faced back in 2009 and 2010. As was true after the financial crisis, the backlash against tech rises out of a public awakening to the integral role that these huge companies occupy in our society -- with Facebook, Uber and Twitter playing the part that Goldman Sachs and JPMorgan Chase did a decade ago.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/ksBlSYf_tqM/replace-tech-with-banks-and-weve-seen-a-big-comeuppance-before
Share this article:
Tweet
View Full Article
Slashdot
Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..More About this Source Visit Slashdot