Victor Davis Hanson: The American Tech Boom No One Is Talking About
AI-summarised brief · reviewed before publication
Victor Davis Hanson, writing for The Daily Signal, argues that contrary to pervasive narratives of American decline, the United States is experiencing a quiet technological resurgence driven by recent deregulation, expanded energy production, and a reduced federal footprint. He cites the growth of U.S. tech firms with market capitalizations above $1 billion, now numbering 850 and collectively valued at $5.2 trillion, as evidence of heightened consumer demand and investor confidence. Hanson contends that these developments overturn predictions from three decades ago that the U.S. would become a second‑class power in technology. He frames the boom as a product of policy shifts that have restored confidence in the sector and positioned America as more pre‑eminent in key technologies than ever before.
💡 Why It Matters
- · The surge in high‑valued tech firms signals that policy‑driven market confidence can rapidly reshape America’s global tech standing, challenging long‑held assumptions about its competitive decline.