As usual, this entire argument, both the PG essay and the response, in focusing basically only on Silicon Valley and the US. The real difference that nobody se

As usual, this entire argument, both the PG essay and the response, in focusing basically only on Silicon Valley and the US. The real difference that nobody seem to notice is that 1982 rich people from Pg’s data were locally rich. Tech has enable a class of globally reach people, whose riches, even tho they live and prosper in Silicon Valley, is the product of global unregulated resources extraction. Unlike oil and real estate, which were already quite regulated and fundamentally local (not limited to the country of the rich man, in case of multinationals, but definitely localized), tech prospers on the borderless nature of the Internet, and the borderless nature of media.