Gini coefficient for Silicon Valley went from 30 to 83 since the '90s. Those are the conditions for the French Revolution.
The industry that ran on 'don't be evil' now has wealth concentration worse than pre-revolutionary France. The surprise is the politics stayed polite this long.
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StratecheryBen Thompson and NYT CEO Meredith Kopit Levien on the strategy behind the Times' pivot to expert-led journalism, bundle economics, and the future of news in the AI era.
Inflection-driven bubbles have fewer harmful side effects and more beneficial long-term effects.
Bubbles that bet on orders-of-magnitude change leave infrastructure behind. The real question isn't if AI's bubble bursts but what it leaves behind.
Packy McCormick's case for treating the modern company as a machine designed to do specific things in the world, not a portfolio of equity — a reframe for builders and investors alike.