Most of the commentary over the past two weeks regarding the failure of Silicon Valley Bank (SVB) has been rather breathless. And mindless.
Mostly, it’s amounted to a tiresome search for villains. We say tiresome because seemingly lost in all the hysteria has been the basic truth that progress is born of the very failure that so many are so puzzlingly trying to abolish. The latter extracts precious resources from the hands of the bad so that the good can get to work. But we’re getting ahead of ourselves.
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