Paul
1 min readJan 3, 2016

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This looks like two straw men having a fight.

Graham ignores the rentier problem, and all the other mechanisms by which wealth begets wealth (he’s often complained about his boring adolescence, but not about the good education that came with it). He assumes that anyone who is concerned about rising levels of inequality wants to eliminate it entirely rather than trying to identify the optimum level and manage for that.

But Wood assumes that nothing valuable ever came out of Silicon Valley (the PC? Google? Hewlett Packard? Intel?) and seems to think that citing Candy Crush is sufficient proof of this. She ignores Graham’s point about the ossified medicority of the mid-20th-century American big business, and instead rants that a nurse is worth more than a game creator without making any suggestion about how this might be improved beyond a vague wave in the direction of “democracy”.

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