I think it's a very interesting question to ask how a community as smart as the SV hacker crowd can be so fundamentally blind about basic economics that we have

I think it's a very interesting question to ask how a community as smart as the SV hacker crowd can be so fundamentally blind about basic economics that we have known for centuries Oh, it happens all the time. Smart people are blinded by ego & overconfidence in their own intelligence. It's sort of like Dunning-Kruger for smart people.