I think a more accurate critique is that the winners become (unelected) de facto kings, controlling specific verticals of society. As we've seen over the past year, these leaders and orgs. display favoritism towards perspectives that fit their narratives of the good.
This is the root of the far left's beef with SV. The winners are determined by customers, and they don't look like the sort of winners committees choose, either individually or collectively.
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Insofar as customers choose monopolies and consumers of free products are customers.
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I think one thing the left doesn't like about SV is the exaggerated claims of meritocracy. The winners may be chosen by customers, but the people who get to play in the big leagues are disproportionately people who are wealthy, connected, and familiar to the GMs.
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That goes either way. The far right being confronted by the failure of laissez-faire economic policies in Texas etc...denies reality because it has to. It's philosophy couldn't have failed. Or being confronted by electoral results they can't accept retreat into fantasy.
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Paul, how does this dovetail with women and black people getting less than about 5% of all VC funding?
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false and incoherent the left wants to actually address those “hard realities”, not let them be decided purely by consumerism, which largely got us into those problems in the first place
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