There is no other industry that can create such immense wealth and long term benefit to the world, with such capital efficiency as the technology industry.
The top 150 companies in Silicon Valley, California, such as Apple. Microsoft and Google, have annual revenues of $620bn, employ 1.2 million people directly, net more than $100bn in profit, and have a market capitalisation of $1.8 trillion.
They are creating this wealth faster and faster. It took Apple about eight years to reach…