The Interdependence of Silicon Valley and Government in Times of Crisis.
The collapse of Silicon Valley Bank and the subsequent federal rescue of its depositors has forced Silicon Valley and Washington to reconcile after years of political acrimony. The libertarian orientation of Silicon Valley had led to a growing divergence from Washington, but the recent events have highlighted their interdependence. The federal rescue of Silicon Valley Bank has shown that both sides need each other, and the sparring is likely to continue. While Washington needs tech entrepreneurs to stay in the US, Silicon Valley has become more tethered to the federal government as it has matured into corporate giants.