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Sadly, he's correct that there really aren't that many classical liberals (the correct term for what he calls "libertarians") in Silicon Valley. Despite the fa
by brucefancher 13y ago
Sadly, he's correct that there really aren't that many classical liberals (the correct term for what he calls "libertarians") in Silicon Valley. Despite the fact that economic freedom in general and the technology industry in particular have brought an unbelievable level of comfort and prosperity to people at all income levels in countries fortunate enough to have relatively free markets, too many people who work in the industry fail to make the connection. Instead of taking note of such triumphs of economic redistribution as Detroit, they bite their nails with worry and yammer on about "income inequality", as if Mark Zuckerberg's or Sergei Brin's billions somehow came at the expense of other people.
Oh, and the reason rents are high in San Francisco is because there's too much regulation, not because there's too much money there.