These bubbles (housing, social web) are ways for rich people to give money to each other. But it's a zero-sum game (true value-creators like engineers are secon

These bubbles (housing, social web) are ways for rich people to give money to each other. But it's a zero-sum game (true value-creators like engineers are second-class citizens in the contemporary VC-funded world; they can't even buy houses) so someone is losing. The lower-middle-class gets strip-mined. The upper-middle-class gets entertainment (cf. Valleywag) to make stagnation bearable. For more on the underlying change, read here: http://michaelochurch.wordpress.com/2013/10/31/vc-istan-4-silicon-valleys-tea-party/ http://michaelochurch.wordpress.com/2013/10/31/vc-istan-4-si...