{ "url": "https://11d.im/liens/20230314181533/", "published": "Tue Mar 14 2023 18:17:33 GMT+0100 (Central European Standard Time)", "updated": "Thu Sep 03 2026 15:18:46 GMT+0200 (Central European Summer Time)", "author": { "name": "tk", "url": "https://11d.im" }, "content": "
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They spent the past fifteen years eroding the position of workers, extending surveillance practices, funding monopolistic endeavors to destroy traditional industries, and ultimately creating bubbles they knew would burst, but which they hoped to profit off.

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For years, the narrative of the tech industry was that it was run by conscientious liberals, but no one can reasonably argue that any longer \u2014 if it was ever truly anything more than a marketing pitch for a particular moment in US politics.

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Teamflow founder Flo Crivello opined that the reaction to the collapse was a much bigger story than the fact his colleagues had kicked off a bank run because of the \u201chonest to god, hammer and sickle communists hating tech and actually wanting our heads on a spike.\u201d

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After years of being treated as our saviors, they haven\u2019t responded well to the increased criticism leveled at their industry and the role they\u2019ve played in all the ways tech has made the world a far worse place. People are getting fed up with rampaging Goliaths who want to be treated as heroic Davids until the end of their days.

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The system devised by the people at the top of Silicon Valley has made them fabulously wealthy, but it hasn\u2019t worked out for the rest of us. They promise us innovations that will improve our lives, but the reality is they gave up on true innovation long ago. Instead, they\u2019re just tinkering with new systems to exploit, exclude, and oppress for profit \u2014 consequences be damned.

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La r\u00e9action des VCs est assez hilarante.

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", "content-plain": "They spent the past fifteen years eroding the position of workers, extending surveillance practices, funding monopolistic endeavors to destroy traditional industries, and ultimately creating bubbles they knew would burst, but which they hoped to profit off.\n\nFor years, the narrative of the tech industry was that it was run by conscientious liberals, but no one can reasonably argue that any longer \u2014 if it was ever truly anything more than a marketing pitch for a particular moment in US politics.\n\nTeamflow founder Flo Crivello opined that the reaction to the collapse was a much bigger story than the fact his colleagues had kicked off a bank run because of the \u201chonest to god, hammer and sickle communists hating tech and actually wanting our heads on a spike.\u201d\n\nAfter years of being treated as our saviors, they haven\u2019t responded well to the increased criticism leveled at their industry and the role they\u2019ve played in all the ways tech has made the world a far worse place. People are getting fed up with rampaging Goliaths who want to be treated as heroic Davids until the end of their days.\n\nThe system devised by the people at the top of Silicon Valley has made them fabulously wealthy, but it hasn\u2019t worked out for the rest of us. They promise us innovations that will improve our lives, but the reality is they gave up on true innovation long ago. Instead, they\u2019re just tinkering with new systems to exploit, exclude, and oppress for profit \u2014 consequences be damned.\n\nLa r\u00e9action des VCs est assez hilarante.", "summary": "signet : The Silicon Valley Bank Collapse Should be a Radicalizing Moment \u00b7 disconnect.blog", "syndication": [], "type": "entry", "bookmark-of": [ { "url": "https://www.disconnect.blog/p/the-silicon-valley-bank-collapse", "syndication": [], "type": "cite", "name": "The Silicon Valley Bank Collapse Should be a Radicalizing Moment" } ] }