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by atmosx 590 days ago
How do you mean?

The moment the Soviet Union crashed, capitalists had no reason to sit on the table and negotiate salary increases, welfare, etc. That's what effectively drove inequality up.

The biggest problem with tech companies and wealth inequality is tax evasion. Big Tech, Big Pharma, Big-anything in the west pays no taxes.

Assuming that (a) taxation is progressive and (b) everyone pays their share, VCs are a net positive because the _move_ money from those who have it to those who don't, giving them chance. Even if the startup fails, the overall result has a net positive effect on the economy and society on multiple levels.