SF city government > Bay Area tech founders. Despite how competent the tech founders of SF were on the Network, the political billionaires of the San Francisco city government managed to use their control of the State to turn the city into a hellhole. Intentionally or not, this had the effect of driving out the new money, their potential competition. Yes, there have been some successful tech-funded recall efforts recently, but it’s likely too little, too late. It’s akin to a stock price showing a bit of an upward trend after a huge and irreversible drop. Because the Bay Area’s monopoly is over. Technology has now globally decentralized into web3, and San Francisco (and even Silicon Valley) has now lost its position as the undisputed tech capital of the world. You no longer need to go to the Bay Area to build a startup — you can found and fund from anywhere. This is, on balance, a good thing — the fact that tech is no longer highly dependent on the triple dysfunction of SF/CA/USA is crucial to the world’s future. Note also that while the defeat of tech in SF was due to State > Network, the reason tech lives to fight another day is thanks to remote work, which allowed movement away from SF in a “Techxit.” And remote work is a case of Network > State.