like I said, you might have a case with SpaceX (though how much does that help humanity? not so sure)
internet companies become defunct because some other company puts them out of business - if we had never had Facebook we would still have had a way to keep in touch online
> It's also worth considering how many millionaires were made by the companies that the billionaires started.
who cares? the world doesn't need more millionaires or billionaires
The point is that the 'billionaires' were not exploiting their workforce. The workforce that made Google, MS and many other companies were also highly paid.
The consumer surplus of all these things is the bigger thing.
The developers that made Google and Facebook and such were highly paid. The people who were hired for a dollar an hour to train the anti-CP models most certainly were not and have instead suffered horrible trauma.
Externalities are so easily ignored if they don't happen in SF (and even the ones that do. For instance, take a look at the pricing out of affordable housing for all the cooks, dish washers, janitors etc who cater to that highly paid workforce but now have to commute hours each way).
Just because San Francisco is disastrously run despite staggering riches and has horribly magnified problems does not mean it's the fault of people who started companies in San Jose.
and a lot of it is directly funneled to crony's of the current king...
I doubt DOGE will recommend cuts to SpaceX funding.
I need to remind you that Mush has invented nothing nor is he an engineer.
His vast personal wealth is extracted, and at least part of it's vastness is due to corruption.
Mush's personal views expressed on his own-media-trumpet Xitter, have hampered more technological innovation than he has ever enabled or paid for.
BTW what's SpaceX carbon footprint like? This 'man' also just paid for a slice of the US presidency that just pulled the US out of a global treaty to attempt to address human-caused climate crises that are unfolding in front of our face on a daily basis as predicted.
Mush has done net harm to Earth, not good.
sure it is.
"mature" markets are only interesting for large moneyed entities to try to tweak things and squeeze .01% more profit out of a service/process/product.
innovation is risky and rewards accordingly.
Ycombinator app-startups are low-hanging-fruit with marginal innovation and marginal risk => it ain't hardware, and it's just webservices and a few React devs...
I was going to grant this, but then thought of how VC hit rations work.
Is it really ‘hard’ to make tech firms profitable, or is it more a function of survival?
Many of the companies which enter are bought out, or acqui-hired, adding to the leaders. Tech often rewards those who survive long enough to consolidate.
And finally, enshittification is a way to make MORE money, but it’s not hard.
It's like Carnegie setting up 2500 libraries but charging access to them and becoming an even greater billionaire in the process