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by alfalfasprout
2425 days ago
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One thing I've definitely noticed is the culture of fear in tech about not appearing "progressive enough". Given that tech workers, especially in the bay area tend to come from fairly privileged backgrounds with relative financial stability and also live in safer areas they tend to underestimate the importance of reducing crime and maintaining a strong economy. This definitely provides a "psychological safety net" that tends to push a lot of these people to vote for more radical leftist candidates that may be directly against their self (and future children's) interests. |
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Your phrasing suggests that you think someone like me who believes in the strong regulation approach is just "virtue signaling," but I would suggest that it's because I've looked back at the US in the last century and couldn't help but observe that there's a strong and consistent correlation between market regulation and the economic success of the lower-to-middle class. Income inequality dropped dramatically with the New Deal, the notional "American Dream" largely came about in the post-WWII economy -- and the move toward radical deregulation and trickle-down economics in the 1980s coincides with a sharp rise in income inequality, a concentration of wealth at the highest ends, and dramatic fraying of safety nets for the lowest ends. It is not unreasonable to look at all that and say, "Hey, maybe there was something to that whole 'market regulation' thing after all."