It has nothing to "reset" or having to think about helping the 99%. Silicon Valley isn't a charity and the VC crowd nor anyone else in silicon valley care about society or doing good. It's all about money. The FED has been raising interest rates and has signaled they will continue to do so going forward for many years to come.
The smart/connected VC and the smart money are now cashing out to front run the recession. Soon the second-most connected will pull out and so on and so forth. And when the FED signals a low interest rate environment, the smartest/most connected will be the first to jump back in.
The US has been on an epic economic boom since 2009 and the economy has been drowning in cheap money for almost 10 years.
It worries me how so many people have an idealized fantasy about silicon valley, tech gurus and the industry itself. The tech industry is all about greed just like wall street, oil industry, clean energy industry, etc.
Elon Musk is just as greedy as Goldman Sachs CEO.
If silicon valley could make more money with juice machine for the top 1%, they'll keep investing in it even if it means 99% is starving. Musk, Page, Zuckerburg, etc aren't saints no more than wall street big wigs are saints. They all just want money. Which isn't necessarily a bad thing.
The smart/connected VC and the smart money are now cashing out to front run the recession. Soon the second-most connected will pull out and so on and so forth. And when the FED signals a low interest rate environment, the smartest/most connected will be the first to jump back in.
The US has been on an epic economic boom since 2009 and the economy has been drowning in cheap money for almost 10 years.
It worries me how so many people have an idealized fantasy about silicon valley, tech gurus and the industry itself. The tech industry is all about greed just like wall street, oil industry, clean energy industry, etc.
Elon Musk is just as greedy as Goldman Sachs CEO.
If silicon valley could make more money with juice machine for the top 1%, they'll keep investing in it even if it means 99% is starving. Musk, Page, Zuckerburg, etc aren't saints no more than wall street big wigs are saints. They all just want money. Which isn't necessarily a bad thing.