Silicon Valley “Oligarchs” Block Upward Mobility of Masses

Bill Gates, Jaron Lanier, Tim Berners-Lee, and others have suggested that a fairer system of information technology property rights would enable micropayments for intellectual content posted to blogs and Facebook. This also would allow upward mobility. The value of the intellectual contributions is currently being unfairly appropriated by mega-server companies such as Google and Facebook.

A different kind of socialism

The oligarchs of the Bay Area have a problem: They must square their progressive worldview with their enormous wealth. They certainly are not socialists in the traditional sense. They see their riches not as a result of class advantages, but rather as reflective of their meritocratic superiority. As former TechCrunch reporter Gregory Ferenstein has observed, they embrace massive inequality as both a given and a logical outcome of the new economy.

The nerd estate is definitely not stupid, and like rulers everywhere, they worry about a revolt of the masses, and even the unionization of their companies. Their gambit is to expand the welfare state to keep the hoi polloi in line. Many, including Mark Zuckerberg, now favor an income stipend that could prevent mass homelessness and malnutrition.

How socialism morphs into feudalism

Unlike its failed predecessor, this new, greener socialism seeks not to weaken, but rather to preserve, the emerging class structure. Brown and his acolytes have slowed upward mobility by environment restrictions that have cramped home production of all kinds, particularly the building of moderate-cost single-family homes on the periphery. All of this, at a time when millennials nationwide, contrary to the assertion of Brown’s “smart growth” allies, are beginning to buy cars, homes and move to the suburbs.

For the full commentary, see:

KOTKIN, Joel. “California’s Descent to Socialism.” Orange County Register, Posted: June 11, 2017. URL: http://www.ocregister.com/2017/06/11/californias-descent-to-socialism/

(Note: bold headings in original.)

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