2 ms·
First off, I don't think that SV swung hard right, and not every VC firm is inherently far-right. Now, some partners at specific funds are quite loud about the
by NickC25 2y ago
First off, I don't think that SV swung hard right, and not every VC firm is inherently far-right. Now, some partners at specific funds are quite loud about their political leanings, but I don't think that's large enough a sample size to say that the entire sector is far right.
However, there's always been a libertarian streak amongst that crowd (but that's not left or right, it's a bastardization of a mix of both). Always has been always will be. A lot of people got wealthy quickly, and adopted the new-age version of "might makes right", which is now "obscene capital makes right". Amplified by social media (and adored by people with dreams of also making generational fuck-you money), some of these folks figured "hey, i'm probably pretty smart because i made a billion dollars, so perhaps my political beliefs have more legitimacy than those of others, so let me shout them from the rooftops".
Since some of these people have obscene amounts of money, they are naturally resistant to any and all forms of losing it, such as taxation (even though their own existence was massively subsidized - from tax credits, to university & public education subsidies, business tax exemptions, low taxes on capital gains, having a stable government, etc). The current right-wing political apparatus has found support amongst people that don't like to be taxed, so those who don't want to be taxed vote for the right.
We call those people hypocrites, not far right.