neelm
Joined 15 years ago
Joined 15 years ago
Interesting note is Russia colonized Central Asia with the end goal of invading India.
https://www.amazon.com/Great-Game-Struggle-Central-Kodansha/...
https://doctorow.medium.com/the-rents-too-damned-high-1a04a5...
The topic is explains is expressed visually in these two maps, which shows county election results from 1976 to 2004. http://www.thebigsort.com/maps.php
One of the point is that due to economy, mobility and choice, Americans decide to settle where people are like them the most, and that this results in deeper political boundaries, especially in the context of our electoral system.
One takeaway is that individually we are not all different, and a single Democrat and Republican in a room would likely come up with compromises on differing issues. However when on Democrat/Republican is in a group of many like themselves, they tend to take the most extreme view, on average.
The other is that there used to be more friendly relationships between senior senators on both sides of the aisle. They would gather regularly to have a few cocktails even if they have strongly differing views. These bonds made it possible for them to work as a bi-partisan team to get legislation passed. These relationships no longer exist the way they used to, and many politicians are much more transient in the time they spend in DC.
However even when they do, they will be a lot more operating history and financial information than what companies typically had in 2000. This is why you're seeing some recent tech IPOs that went public at a valuation lower than their last private round. An example of this is Hortonworks.
The one good side effect is that private investors are taking all of the risk. If there is an adjustment in valuations across the industry, it should not effect the public markets the way it did in 2000. It could however impact the LP market and the number/size of VC funds could go through another cycle.