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Silicon Valley Bosses Are Globalists, Not Libertarians (economist.com)

From a report via The Economist: In a recently published survey of 600 entrepreneurs and executives in Silicon Valley, conducted by David Broockman and Neil Malhotra of Stanford University and Gregory Ferenstein, a journalist, three-quarters of respondents said they supported Hillary Clinton during the 2016 presidential election. But although technology-firm leaders hold views that in general hew much closer to Democratic positions than Republican ones, they are far from reliable partisan ideologues. As you might expect from captains of industry, Silicon Valley executives are much more likely to support free trade and to oppose government regulation of businesses than your average Democrat is. For example, just 30% of tech bosses believe that ride-hailing companies need to be regulated like the taxi industry, compared with 60% of Democrats.

Given their combination of socially liberal attitudes and a preference for free markets, you might call Silicon Valley executives libertarians. However, libertarians generally advocate shrinking the state as a share of the economy, which technology bosses resolutely do not. When asked if they "would like to live in a society where government does nothing except provide national defense and police protection, so that people could be left alone to earn whatever they could," just 24% agreed. In contrast, 68% of Republican donors concurred with that statement. Moreover, Silicon Valley entrepreneurs are just as likely to favor redistributive economic policies, such as universal health care and higher taxes on the rich, as an average Democrat is. The outlook of our new robot-building overlords is far more communitarian than, say, the doctrines of Ayn Rand.

11 of 308 comments (clear)

  1. Duh. Globalization = Cheap Labor by zifn4b · · Score: 4, Insightful

    Globalization is a means to lower business operating cost. It's that simple. Libertarianism is about maximizing personal freedom of everyone not just corporations. Do you see most companies doing this? Apple locking people into their platform and not interoperating with other platforms. Comcast locking you into archaic price models because it's what's best for them, not you. The US Chamber of Commerce rubbing elbows with politicians to slant things in their favor at your expense. They do not represent the true views of Libertarians which would be promoting this country to be as free as possible for all citizens. Companies don't want humans to be free. They want them locked in as loyal consumers and to pay the highest prices possible.

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    We'll make great pets
  2. Re:H1B, cheap labor by Kiuas · · Score: 5, Informative

    Yup, globalists. Just as bad as socialists, and worse for the American workforce.

    Cognitive dissonance much? Who do you think started global trade and marketed it for everybody as the way forward, especially after the collapse of the Soviet Union? Hint: it's not the Chinese.

    It's rather hilarious to see the West panic about this now. Globalization has been going on since the age of sail, and has thus far only benefited the advanced economies. The massive fortunes of the US and Europe rest on the foundations of global trade and extracting resources (both human and raw materials) from underdeveloped economies at ridiculously cheap prices.

    But now that the benefits of global trade start to affect Asia and Africa moreso than the west, now this thing that has brought the west its current fortunes is suddenly a thing of the devil and we must all somehow magically revert back to 1500s mercantilism where each nation somehow cuts itself of from the global networks of trade and logistics and start producing everything by and for itself, which is an absurd idea.

    First we (=the west, not just the US) go around telling everyone how great this global marketplace really is, and how everyone really should start to do business with us because it's for the good of everyone, and then a few decades pass and we start to blame these countries for doing exactly what we told them to do and from which we've also ourselves benefited,

    This is the economy at work: people want lower prices but also high pay, you can't have both if you only manufacture domestically unless you automate, in which case the prices stay low but you won't get a lot of jobs.

    The fact of the matter is that full-time employment will cease to be the norm within this century for most westerners. You can be in denial about it, but you can't stop the technological progress that's taking us there. Machines will simply become more efficient at doing most jobs than humans, so if you want to maintain your domestic demand and make sure people sustain their standard of living, I suggest you get out of the cold war mindset and start doing some reading about the socialism (hint nr. 2: free market and socialism are not incompatible, we've had both in northern/western Europe for long) that you so dread and concepts like basic income, because the solutions to the problems caused by the market itself acting as it should cannot be solved by the market.

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    "It is the business of the future to be dangerous" -Alfred North Whitehead
  3. Thanks for the laugh by Vermonter · · Score: 4, Insightful

    "you might call Silicon Valley executives libertarians"

    Wait you were serious?

  4. Re:Globalization is inevitable by Lord+Kano · · Score: 4, Insightful

    Nationalism always results in war

    Humanity always results in war. What do you think is going to happen when the global community tries to pressure Saudi Arabia into permitting gay marriage? They're going to say go to hell and what will the globalists do? There are only two choices, economic sanctions or military intervention.

    LK

    --
    "Hi. This is my friend, Jack Shit, and you don't know him." - Lord Kano
  5. Re:H1B, cheap labor by sunking2 · · Score: 4, Interesting

    It's actually more about selling their product to the entire world than cheap labor. Not saying cheap labor isn't part of it, but Apple can't continue selling more products year over year if they don't open to new markets. In the end that is what really matters.

  6. Re:Globalization is inevitable by avandesande · · Score: 4, Insightful

    Why is the answer so black and white? Maybe there is some middle position that would work best for our country.

    --
    love is just extroverted narcissism
  7. Wait, who thought they were libertarians? by Lord+Kano · · Score: 4, Insightful

    I never got any indication that they were anything other than collectivist, globalists.

    If they were libertarians, they would have been trying to break the stranglehold the political left has on California politics.

    LK

    --
    "Hi. This is my friend, Jack Shit, and you don't know him." - Lord Kano
  8. Re:Globalization is inevitable by Nidi62 · · Score: 4, Interesting

    Nationalism always results in war

    Humanity always results in war. What do you think is going to happen when the global community tries to pressure Saudi Arabia into permitting gay marriage? They're going to say go to hell and what will the globalists do? There are only two choices, economic sanctions or military intervention.

    LK

    Or the 3rd option: wait it out. As global demand for oil drops (and prices along with it) Saudi cash reserves have taken a massive hit lately and they have increased taxes, cut oil subsidies, and cut wages/bonuses in the past year or 2. In a world where alternative fuels grow increasingly accessible the Saudi quality of life is becoming increasingly unsustainable. If the US, UK, and France were to cut off military imports to Saudi Arabia as well, the country could easily collapse in the next few decades.

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    The only thing necessary for evil to triumph is for it to be pitted against a slightly greater evil
  9. I am a globalist libertarian by SlashDread · · Score: 5, Interesting

    These things are not mutually exclusive at all. "Left" does not mean you want a communist central leadership. "Right" does not mean you want a fascist central leadership.

    -I- want global coorperation for our global problems, and I want as much freedom as possible without destroying the world in exploding anarchy.

    Do I need to explain this further? Labels mean nothing, as everyone has a different meaning attached to it.

  10. Socialism is Communism-lite by mi · · Score: 5, Insightful

    Ignorance. Socialism is not communism.

    True. Socialism is Communism-lite. The difference is merely in the degree. The (glorious) Collective is more important and trumps the Individual. And, as Karl Marx taught us, Socialism is merely a stepping stone to Communism.

    Socialism accepts private ownership of anything, including the means of production.

    Nope, not the actual Karl Marx' version of it. But, whether the means of production are ostensibly private owned or in outright government possession is of no importance — a distinction without difference — when the government can control any aspect of the production it chooses to. And it can, through that vastly giant loophole of "sensible regulations" you allow it to have.

    [...] you fear socialists are going to seize the means of production from you? It doesn't work like that.

    It works exactly like that. There is not argument for nationalizing public education, that can not also be made — indeed, is already made — for nationalizing public health care, or public housing, or public Internet service provision, public science, music and other arts.

    Some countries are further along down this path — to their patently obvious detriment — than others. Like I said, a matter of degree, a quantitative rather than qualitative difference. The greater the share of the GDP, that is spent by the government, the greater the degree of Collectivism in the country...

    The worst you have to fear are sensible regulations

    Who the fook are you to "sensibly regulate", what I am doing in my house or what sort of thing I sell to willing buyers?

    Oohh, scary.

    Yes, it is awfully scary, that despite being the most murderous school of thought known to humanity, the branches of Collectivism (Fascism, Socialism, Communism) continue to appear attractive to a substantial proportion of population... You'd be appalled to meet an asshole in a KKK-outfit, but a far more dangerous asshole in a Che Guevara T-shirt hardly raises an eyebrow. Indeed, I suspect, I may be conversing with one on Slashdot right now...

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    In Soviet Washington the swamp drains you.
  11. Re:H1B, cheap labor by orgelspieler · · Score: 4, Informative

    Don't forget that "globalist" is normally used by neo-Nazis to mean "Jew." These codewords go back a long way, to before our involvement in WWII. If somebody is "globalist" they don't have the nation's interest as priority #1. That makes them not True Americans (TM), which is nearly indistinguishable from inhuman beasts. That's one of the reasons the KKK used "America First" as a slogan. The notion of Jews (and Catholics) being beholden to not-America (Israel, the Vatican), was easy to latch onto.