There is an old saying that what comes up must come down – eventually. Ontario boomed for 15 years and it hit a rough patch 18 months ago. Alberta boomed. Ireland outpaced the rest of the world for 20 years and now is struggling. Now we read that Silicon Valley is losing its edge.
What grinds my gears is when I hear people saying that Atlantic Canada was ‘buffered’ from the recession because of its ‘diversified’ economy. Nope. You can’t lose what you didn’t build in the first place.
You can read the full report on Silicon Valley here. I wouldn’t write the valley off just yet. Here is the patent filing data for the U.S. in 2008. Notice all the California cities on this list. Boise, Idaho is kind of out-of-place on that list it seems.
The interesting part of the article referenced above is that Silicon Valley is losing its edge to places like Huntsville, Alabama. Specifically, Huntsville is taking a greater share of federal procurement dollars while Silicon Valley is slipping. Huntsville taking on Silicon Valley. Who’d a thunk it?
One of my little pleasures in life is listening to music from the 1920s and 1930s. There’s a great song called “Alabamy Bound”. It goes a like this:
I’m Alabamy bound
They’ll be no heebie-jeebies hanging ’round
Just gave the meanest ticket man on earth
All I’m worth to put my tootsies in an upper berth
Just hear the choo-choo sound
I know that soon we’re gonna cover ground
And then I’ll holler so the world will know
Here I go, (repeat)
Better figure out what the Bammers are doing right.