Silicon Valley venture capital blowing up the US defense industry
“I’m a propagandist, I’ll twist the truth, I’ll put forward only my version of it if I think that’s going to propagandize people to believe what I need them to believe.” – Palmer Luckey
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The primary goal of the SpaceX and Palantir lawsuits against the US Army and Air Force, which I mentioned earlier, was not necessarily to win (Space X’s lawsuit was not successful, Palantir’s was) but to pry open space for acquisitions overhaul and both lawsuits achieved just that.
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When Uber disrupted the private transport industry, it left in its wake a raft of eroded labor laws, worker’s rights and healthcare provisions for drivers. When AirBnB shook up the accommodation industry, it resulted in increased rental prices in popular tourist destinations. When you try to create a monopoly, there are always social and political consequences. Often these consequences are foreseeable, sometimes they are not.
Related:
Ms. Cat’s Chronicles 