Excessive concentration of wealth has destructive consequences.
Excessive concentration of wealth has destructive consequences.
Yes, this is done through the government. While the government as an institution should be scrutinized and not necessarily get blind faith, it at least has the pretense of looking after the needs of the population.
In the context of just Silicon Valley, what are they?
The destructive and unchecked accumulation of wealth in SV is what allowed the creation of monstrosities such as the gig economy and massive surveillance.
At the present moment in time it even allowed some tech oligarchs to directly influence elections in their favor, gaining access direct access to the high levels of government to have nugde government actions inntheir favor, curb regulatory interference that might put checks in their companies, etc.
I am presuming younasked from a position of ignorance rather than finding all this desirable somehow.
Most SV politicos that drive living conditions in the valley don't take PAC money and aren't affected by Billionaires. There's a housing shortage and a cost of living crisis anyway (example: no matter how much you pay gig economy workers, they are not going to afford a home in the valley).
The issues you mentioned are because of Citizens United - a federal issue w/ consequences all over the country (not just SV).