China's decentralized venture model built a structural EV advantage—legacy automakers face eroding market share.

It's been said that even China's population of 1.4 billion couldn't fill all the empty homes. Many are high-rise apartments in gleaming new financial districts that initially failed to take off.

For the better part of a decade, tech investor Balaji Srinivasan has been calling for Silicon Valley to “secede” from the rest of the United States. The free-market tech guru doesn’t just want space ...