The U.S government silently watched as the largest technology companies in the country strangled startups and established monopolies in their respective fields. It would also silently watch as the stock and equity market trades went off hand. These inactions have, however, caught up with the economy and threaten to send it tumbling, according to Shervin Pishevar. The celebrated investor made these revelations during a recent twitter storm that saw him release a series of tweets consecutively for 21 hours.
Shervin Pishevar believes that the writing about the US economy is on the wall and anyone willing to look deep enough will see its first signs. He particularly lays the blame for the upcoming financial crisis that he believes will hit the economy in a few months on the bonds and equity markets. These will be the first and most affected casualties. The angel investor further emphasizes that the apparent decline will affect every inch of the economy, including cryptocurrencies like Bitcoin.
When did the rains start beating us?
The government’s inaction on matters of national economic importance like equity trades and floating of IPOs, as well as its discomforting silence as big companies established monopolies, was the first sign of a failing economy. Shervin Pishevar, adds that these acts killed America’s creativity and its technological hubs like the Silicon Valley that he believes have long dispersed to the other parts of the world.
The technological companies venture capitalist further states that Silicon Valley was never a place but a collection of ideas. Its creative juice has now flown and found home in such countries as China that now reports a higher technological uptake than America. To illustrate this lack of creativity in America, Shervin Pishevar points to the fact that China is now able to build state of the art train stations in record nine hours, something never witnessed in the United States.
More about Shervin Pishevar
Shervin is an Iranian-American entrepreneur, a co-founder and managing director of Investment company a venture capital fund. Through this fund, he has invested in numerous technology companies during their early fundraising rounds that have gone on to prove revolutionary. These include Uber, Munchery, and Airbnb.