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> These VCs would be first ones to tweet about how the government agencies are a bloated mess, a revenue sink, an archaic institution that needs to sold for par
by twblalock 4y ago
> These VCs would be first ones to tweet about how the government agencies are a bloated mess, a revenue sink, an archaic institution that needs to sold for parts.
That's often the truth. The government does a lot of bad things, and a lot of regulations are bad. When someone complains about the government it doesn't mean they also oppose the good things the government does, and it doesn't mean they oppose the concept of government.
Most VCs and major tech CEOs are Democrats. Look at their political contributions.
- spprashant 4y agoYou do not set up shop in blue California districts, and not donate to Democrats. I do not think this necessarily correlates to the community actually being left wing. They actively lobby for reduced taxes, deregulation, and reduced worker rights. When the pandemic struck, there were a good bunch of them who couldn't wait to move to Texas or Florida.
- twblalock 4y ago> When the pandemic struck, there were a good bunch of them who couldn't wait to move to Texas or Florida. No, there were a few loud ones. Most of them stayed.
- wolverine876 4y agoSpecifically, the loudest ones were the Republican party supporters: Elon Musk and Larry Ellison.
- brightlancer 4y agoThey also lobby for government subsidies and other market interventions they view as beneficial to them. Most are economically liberal only as far as it is useful to them. I'll also bet that SV executives and VCs overwhelmingly donated to Democratic presidential candidates and other Democratic candidates out of state. It's not just buying favor with California politicians.