Tag: polarization

Silicon Valley as Ally or Foe? Reflections on the Politics of Income Inequality

The meteoric rise of Bernie Sanders in the Democratic primaries—and the Occupy movement before that—have officially put income inequality on the political radar in the U.S., after years of slow wage growth and a near-catastrophic financial crash. In keeping with the times, Silicon Valley too has begun thinking about inequality. Resident philosopher Paul Graham, venture capitalist and founder of the famous YCombinator startup incubator, wrote an essay on inequality that caused a bit of a ruckus (in Silicon Valley and without). The short version: Graham is not happy with the current rhetorical war on inequality that politicians are waging. He thinks inequality is a natural product of a culture that values startups and innovation, and that a full-scale political fight against inequality is inadvisable. YCombinator recently put out a “Request for Research” to sponsor social science research on Basic Income guarantee schemes. Such a scheme—Silicon Valley’s go-to solution for the (more...)