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.