Hey tech billionaires, if you want to talk about radical change, let’s abolish venture capitalism - eviltoast

Do you support sustainability, social responsibility, tech ethics, or trust and safety? Congratulations, you’re an enemy of progress. That’s according to the venture capitalist Marc Andreessen.

  • AtmaJnana@lemmy.world
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    1 year ago

    Much ink has been spilled by historians on the roots of capitalism, and while there isn’t a true consensus on precisely where or when capitalism properly emerged, there is a consensus that capitalism existed long before Adam Smith, before the Industrial Revolution, before the field of economics existed, and before the rise of industrial capitalism which you seem to have conflated with capitalism more broadly.

    Industrialization may or may not have been “caused” by capitalism, better minds than I will have to answer that. That said, if you can’t understand how capitalism and the cost of labor were likely factors in the rise of automation and industrialization, then I guess we have nothing more to say to one another.