"Silicon Valley has evolved a critical mass of engineers and venture capitalists and all the support structure - the law firms, the real estate, all that - that are all actually geared toward being accepting of startups."

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Six decades ago, as Mao's Communists seized power, the question in Washington was, 'Who lost China?' Now, as his capitalist descendants stand astride the world stage and Washington worries about decline, it seems to be, 'Who lost America?'

— Eric Liu