Some meta-commentary on why this article is important. It kills the wishful belief that 2-of-3 coalitions are still possible right now. In 2016, capitalist (C) and working classes (W) allied to hand professional elite class (P) a bloody nose. C+W>P triangle inequality.https://twitter.com/vgr/status/1199814043743088640 …
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If it had worked it would have created a new basis for trust. What SV actually delivered: W = increasingly stressful gig economy with Ponzi scheme capital on top, automation nipping at heels P = build an API based on adtech and financialization C = fake returns over new wealth
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I think the reason is it was too large scale. Even blue cities economy that SV tried to solve is too big. A workable minimum-viable 3-way coalition of WPC has to start much smaller. Like a single medium-sized city not yet rendered
by financialization, nimbys and Chinese buyersShow this thread
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