Ironically the particular Y in question — a Venture Socialist — is tremendously fond of high end artisanal tea.https://twitter.com/micsolana/status/1089295710250426368 …
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Replying to @justGLew
Many Venture Capitalists identify as Socialists, presumably hoping that they’ll be eaten last.
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I guess the creation of ARPANet or GPS totally wasn't the result of venture socialism, er, I mean, taxpayer-funded and state-managed R&D investment.
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Pained look: state funding of research is not socialism (that's just spending taxpayer money). Socialism in this example would be a state monopoly on the innovation and expansion of internet and GPS provision in the absence of market forces. Ie. It probably wouldn't happen.
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Replying to @mr_james_c @kimmaicutler and
Like you can almost be certain the Soviet Union had something like the ARPANET and GPS but neither seemed close to consumer level expansion by the time the USSR collapsed. There was no Microsoft, IBM, Apple etc in those states. There was no market. That's socialism.
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They did, and Western consumer Internet companies thrived in their local markets and they had to adapt to the threat to political power that that represented, and retaliate, which they did.https://www.amazon.com/Red-Web-Struggle-Dictators-Revolutionaries/dp/1610395735 …
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Replying to @kimmaicutler @mr_james_c and
(That book is incredible BTW. A masterpiece of smart investigative reporting that takes the long view.)
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