Upside-down photograph of San Francisco’s skyline

Welcome to Flush-Down Economics

How startup and tech splurging has changed America

Philip Dhingra
May 1, 2020 · 6 min read

If the 1980s saw the advent of trickle-down economics, the 2020s are witnessing the dawn of flush-down economics. As the coronavirus crisis is making clear, Americans are becoming more dependent on freebies subsidized by venture capitalists and investors. If you’re using Zoom for free, if you have a free subscription to…