From Daniel Lyons in Newsweek:
The Valley has become a casino, a place where smart kids arrive hoping to make an easy fortune building companies that seem, if not pointless, at least not as serious as, say, old-guard companies like HP, Intel, Cisco, and Apple.
The three hottest tech companies today are Facebook, Twitter, and Zynga. What, exactly, do they do?
The risk is that by focusing an entire generation of bright young entrepreneurs on such silly things, we’ll fall behind in creating the fundamental building blocks of our economy. The transistor and the integrated circuit gave rise to the last half century of prosperity. But what comes next?
We’ve already fallen behind in areas like alternative energy, better batteries, and nanotechnology. Instead of racing to catch up, we’re buying seeds and garden gnomes on Facebook.
http://www.newsweek.com/2010/09/24/the-sad-truth-about-the-facebook-movie.html