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The share of the wealth creation in Silicon Valley that has been captured by property owners is outrageous.
by rat_1234 9y ago
The share of the wealth creation in Silicon Valley that has been captured by property owners is outrageous.
- anubisresources 9y agoHow much of the gains from the computing revolution have been captured by a few thousand Bay Area Landlord’s?
- harryh 9y agoI think the vast majority of the gains from the computing revolution have been captured in consumer surplus. Billions of people get to use all kinds of online software for free. Certainly hard to estimate but this is likely worth trillions alone?
- SapphireSun 9y agoYou can probably measure some of that in terms of how people would have done these tasks previously. Some of those tasks are trivial, like keeping a paper calendar instead of a digital one. You can also interpret it in terms of jobs eliminated.
- iansimon 9y agoYou still have to pay to access the Internet. Comcast/AT&T aren't free.
- goialoq 9y agoIt's still cheap as free compared to the cost of accessing the same information/media pre-Internet. Google used to brag about how using Google was more energy-efficient than going to the local library.
- junkscience2017 9y agoDisagree. Maybe one day all of these homes will be owned by a giant corporation, but for now, they are typically owned by individuals. Not everyone who has benefited is a robber baron.
- icebraining 9y agoYou're rebutting a point nobody made.
- goialoq 9y agoCorporations are owned by individuals.
- SapphireSun 9y agoFrom yesterday: http://highline.huffingtonpost.com/articles/en/poor-millennials/ http://highline.huffingtonpost.com/articles/en/poor-millenni...
- drdeadringer 9y agoThat interface is horrible. Forced animation, images, and graphics no matter how I scroll down to get to the actual text? Get Out.
- jimbokun 9y agoGod, 21st century America is a Dickensian Hellscape.