Remember this article the next time some of our conservatives here claim the venture capital class is a bunch of democrats
The same people who cheered for deregulation and government out of their lives did a quick about face when they lost their money
https://www.yahoo.com/news/d-c-silicon-valley-got-110000387.html
When Silicon Valley Libertarians Realized They Needed the Government, and Vice Versa
Ben Schreckinger
Sat, March 18, 2023 at 7:00 AM EDT·10 min read
For years, Silicon Valley and Washington have been going through an acrimonious political divorce.
An industry that had long been subsidized by government investment, going back to the inventions of the internet and the computer itself, became ever more libertarian in its orientation. The capital fell out of love with the culture and products of Silicon Valley moguls, and became increasingly focused on checking their power.
Now, with the collapse of Silicon Valley Bank and the dramatic federal rescue of its depositors, economic reality has forced them into a shotgun reconciliation.
Libertarian tech investors who had been busy waxing about Washington’s inevitable obsolescence like it was last year’s iPhone suddenly began shouting at Washington to save Silicon Valley.
The same people who cheered for deregulation and government out of their lives did a quick about face when they lost their money
https://www.yahoo.com/news/d-c-silicon-valley-got-110000387.html
When Silicon Valley Libertarians Realized They Needed the Government, and Vice Versa
Ben Schreckinger
Sat, March 18, 2023 at 7:00 AM EDT·10 min read
For years, Silicon Valley and Washington have been going through an acrimonious political divorce.
An industry that had long been subsidized by government investment, going back to the inventions of the internet and the computer itself, became ever more libertarian in its orientation. The capital fell out of love with the culture and products of Silicon Valley moguls, and became increasingly focused on checking their power.
Now, with the collapse of Silicon Valley Bank and the dramatic federal rescue of its depositors, economic reality has forced them into a shotgun reconciliation.
Libertarian tech investors who had been busy waxing about Washington’s inevitable obsolescence like it was last year’s iPhone suddenly began shouting at Washington to save Silicon Valley.
