And I think it's a great example of why capitalism is the best known way to organize society. Some of those companies will succeed, some will fail. In the end the mattress market will become more efficient and everyone's standard of living will improve. The whole point of capitalism is to set up an environment where technological improvements -- and yes, people's greed -- generates wealth and improves lives.Hope you don't mind, but I'm not going to take you up on that freebie. I think the insaine proliferation of identical mattress companies is a pretty great summation of Silicon Valley's myopia.
(I know that this is the ideal narrative that capitalists try to sell you on and that there's all sorts of reasons things can go wrong -- monopolies, high barriers to entry, regulatory capture, etc.)
Could you name a center of power that you think is less insular than SV?Insular is a fine description of SV. It is a few companies and a few VCs that are making all of the decisions. immigrants are rarely in positions of power in these companies (this is changing) and even then it's only immigrants from a few areas. It's definitely insular.
Oh I totally agree that concentrations of power are going to happen, and governments have an important role to play in balancing against that. My basic problem with leftist thought is that it uncritically treats some concentrations of power as good.A little more nuanced than that. My argument is that concentrations of power are always going to happen, so we need to be sure that the structures we create, both corporate and social account for that. I don't comment much on French politics because I don't like talking about things I don't know about. I have a very surface level view of French politics.
I guess we'll see. Agreed that Twitter particularly has done a poor job so far.Cool. I would quibble and say that SV's disposition doesn;t just put them late to the game dealing with misogynists and Nazis, it actually makes it impossible.
Yeah, SV has done bad things but has also added an incredible amount of utility to people's lives across the world. Look at Impossible Foods for example: SV produced something (with VC money!) that has the potential to save the lives of millions of animals while also making a serious dent in GHG emissions.My whole point is that motivations don't equal outcomes. Other factors matter more. So I think we should judge SV not by how it answers poll questions, but instead by what it's actually producing!
Scott Alexander can get very silly with his arguments at times, but he's right on the money that it's easy for people to fall into a blind-men-and-elephant trap with SV.