Today I read an article by TNW on ‘London Taking on Silicon Valley with Major Investment’ and it got me thinking. You see David Cameron et al have the right approach getting behind the Internet economy – after all, they’ve just figured out how valuable it is.

I remember my father teaching me about the economic cycle. It’s really simple, he told me. It goes like this. Every 5 years each economy experiences a cycle of boom to bust. That’s 5 years from peak to trough. It’s just gravity. As hard as economists and politicians try to find ways to smooth the [...]