4 ms·
Thank you for posting this. It's not a popular viewpoint on HN that you're putting forth, but it's an important one. People in the Hacker News sphere both exag
by michaelochurch 11y ago
Thank you for posting this. It's not a popular viewpoint on HN that you're putting forth, but it's an important one.
People in the Hacker News sphere both exaggerate the proportion of rich people who got there in decent ways (in reality, it might be 10% in the U.S. and 2% globally) and the degree to which Silicon Valley is an exception.
Not all wealth comes about because a 28 year old IPO'd their billion dollar social flimflam startup.
Worse yet, most of the 28-year-olds who are able to get the introductions and press support necessary to make a flimflam unicorn are the offspring of those resource extractors and corrupt officials and health insurance lobbyists. It's like money laundering, but with social assets (connections, pedigree) rather than financial ones.