i am once again asking
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hey serious question why isn't more VC funding going towards taking over the governance of san francisco?
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typically you buy profitable companies, and fund new ones to replace nonprofitable companies.
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because nobody's had faith in governance since Ronald Reagan cracked a few jokes to help out the ad lobbies
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but what if they simply,,, made it not a hellhole,,,
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Amazon tried to throw it's weight around and it failed and people ran on "anti-corporate" platforms
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Why would they want to?
They already have the civic power they need, adding the unnecessary responsibility of governance is an inefficient use of capital
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Said another way: sure, tech could turn San Francisco into a company town, but the existing structures are already doing that for them, so why pay for it
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I think people overestimate the influence of money on politics but even adjusting for that, it's a puzzle.
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investors just try to make money. Actual municipalities have to balance optimizing like a zillion different outcomes. If you're an investor who wants to grow, that just means a lot of stakeholders getting in the way of making money
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municipalities & governments are laden with lots of tricky competing shadow goals like health, welfare, justice, equality, that have no agreed upon definitions. Unlike with the North Star beacon of profit, it's impossible to get people all marching in the same direction