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We're presented with two differing views of inequality. PG uses his unique experience in funding and producing thousands of companies, resulting in a real dent
by judah 11y ago
We're presented with two differing views of inequality.
PG uses his unique experience in funding and producing thousands of companies, resulting in a real dent in the economy.
On the other side, we have a journalist who demonizes the PG and backs up his view using academic statistics.
If you feel statistics from certain academics have more weight to you than pragmatic experience from the likes of Paaul Graham, by all means side with the journalist's view, and advocate for reducing inequality by reducing wealth and startups.
- amag 11y ago> PG uses his unique experience in funding and producing thousands of companies And therein lies the rub: A) PG is exposed to a very specific part of the economy: the startup scene. So while his experience certainly is unique, it's not such a long shot to think that his understanding of what's going on may be biased. B) PG (and the people he work with) could themselves be financially hurt by new financial policies, i.e. he is partial to the cause. So forgive me for preferring to listen to "certain academics" who, while individually most likely are both biased and partial, as a group simply hold more weight. > and advocate for reducing inequality by reducing wealth and startups. Did you even read the same article the rest of us did?