Silicon Valley startups: being evil, again and again
17 hours ago
- #Economic Exploitation
- #Worker Cooperatives
- #Silicon Valley
- Silicon Valley's startup culture is criticized for being unethical and institutionalizing theft on a global scale.
- Despite claims of changing the world for the better, Silicon Valley's practices contribute to social inequality and exploitation.
- The article highlights the stark contrast between the progressive self-image of Silicon Valley and its conservative, exploitative economic practices.
- Startups in Silicon Valley are structured as mini-dictatorships, with owners controlling all aspects and profiting from workers' labor without fair exchange.
- The wage system in startups is fundamentally exploitative, violating the principle of exchange by allowing owners to profit from workers' output without contributing.
- Worker cooperatives are presented as a non-exploitative alternative, but they struggle to get funding in a venture capital-dominated ecosystem.
- Silicon Valley's culture perpetuates extreme economic inequality, with a minority profiting vastly more than the majority of workers.
- The article calls for a shift towards democratic worker-owned cooperatives to abolish exploitation and reduce inequality.