4 ms·
Quoting from PG's first essay on inequality: "The great concentrations of wealth I see around me in Silicon Valley don't seem to be destroying democracy." This
by my_first_acct 11y ago
Quoting from PG's first essay on inequality: "The great concentrations of wealth I see around me in Silicon Valley don't seem to be destroying democracy."
This is where I disagree. The risk of dynastic wealth is that the wealthy can pay to change the system, in effect pulling up the ladder and shutting down all future disruptive startups. So we not only need to fix the problems at the bottom of the economic ladder (which is where I agree with PG); we need to make sure that those at the top don't capture the government.
Cynical readers might suggest that this is already happening.
- apsec112 11y agoGoogle, one of the richest, most powerful companies in the world, can't get the city council of an 80,000-person town (where they own an eighth of the real estate) to let them build a small bridge: http://www.mv-voice.com/news/2013/12/12/council-deadlocks-on-google-bridge-idea http://www.mv-voice.com/news/2013/12/12/council-deadlocks-on...
- aggieben 11y ago> we need to make sure that those at the top don't capture the government We should do this by reforming (limiting and distributing) the government, not by destroying wealth.