This morning I read the article by Vitalik (founder of Ethereum), which is also about e/acc. The general thesis is extreme acceleration of technologies will save us all. I doubt that. What I am not saying is that they will not be part of a future solution. But to get there we need to fundamentally change something. I posted this on Linkedin a while ago and now here with you. Marc Andreessen, a figure with an estimated net worth of nearly two billion dollars, who resides in a significant $177 million property in Malibu (He has not thought of climate change much) and has held pivotal roles in Facebook and Hewlett-Packard, presents himself in a controversial light.
His extensive essay, termed the "Techno-Optimist Manifesto," paints a vast landscape of expectations and grievances. It emphasizes the belief that "free markets function as efficient orchestrators in a tech-driven economy." He proposes that markets push innovators to discern high prices as cues to generate wealth by aligning supply and demand dynamics, potentially echoing the systemic nature of global markets.
Andreessen's vision seems to champion a perpetual competitive spiral, where technology's primary role isn't necessarily to innovate but to repackage existing solutions affordably. This, he argues, paves the way for venture capitalists to capitalize. His rationale, while deemed by some as overly simplistic, advocates for the supremacy of markets in uplifting masses from poverty. He supports this with the observation that even minor relaxations in authoritarian controls can lead to a surge in living standards. What happens when complete freedom is granted remains speculative.
However, his perspective is perceived by many as a blend of outdated and naïve notions. Andreessen implies that technological proliferation is the panacea, achieved by eliminating impediments to monetizing the digital realm. A significant portion of his manifesto targets what he perceives as "The Enemy," surprisingly juxtaposing "authoritarianism" with "sustainable development," "tech ethics," and "social responsibility." His take on "risk management" being counterproductive is highlighted by events like the downfall of Silicon Valley Bank, which significantly impacted tech financing. Is Climate Risk Managing also fatal, Marc?
Our present society has been subjected to a mass demoralization campaign for six decades – against technology and against life – under varying names like “existential risk”, “sustainability”, “ESG”, “Sustainable Development Goals”, “social responsibility”, “stakeholder capitalism”, “Precautionary Principle”, “trust and safety”, “tech ethics”, “risk management”, “de-growth”, “the limits of growth”. Marc
Andreessen's document is abundant with contradictions. He critiques "regulatory overreach" but seemingly endorses entities like SpaceX, which has profoundly influenced its governmental financiers.
Historical figures and thinkers like Adam Smith and David Friedman make appearances, painting the Manifesto as a robust endorsement of libertarian economic ideologies. Despite his brief acknowledgement of "social welfare systems," Andreessen doesn't veil his market-driven aspirations.
Yet, the irony is evident. Much of Andreessen's success is intertwined with governmental initiatives. The Internet owes its birth to entities like DARPA and CERN, heavily funded by governments. Numerous firms under A16Z's umbrella thrive thanks to state affiliations. His entire stance, for many, reeks of double standards.
Andreessen critiques the academia-oriented perspective, arguably a reflection of his own privileged position. He has had controversial views in the past, such as his stance on anti-colonial movements.
While he enjoys a private life mostly away from the limelight, he exhibits a noticeable disdain for the common individual's desire for financial security. His opinions appear detached from the realities most face, making him an unlikely spokesperson on societal prosperity. By embedding growth and financial pursuits as the primary industry drivers, Andreessen's worldview often seems entangled in its complexities. His attempt to clothe self-centred aspirations with intellectual veneer sometimes feels strained and reminiscent of divisive online discussions.
His objections to solutions like universal basic income (UBI) and claims about technology's benign impact on jobs seem at odds with prevalent evidence. He appears to insinuate that personal challenges stem from an individual's own inadequacies rather than systemic challenges.
Andreessen's narrative seems to harbour a subtle animosity toward entities potentially constraining the influential elite's ascent. Although he labels his vision as "techno-optimism," his arguments often tilt towards a critique of initiatives fostering holistic human welfare. The manifestation of this mindset possibly represents a broader systemic challenge where the pursuit of wealth overshadows sustainable and inclusive progress.
The Static Visionary
Interestingly, what Andreessen seems to be concealing is that he doesn’t genuinely champion progress. The world before 2020 thrived on the "profit-at-any-cost" mindset that enriched him – a system that bolstered private entities to go public, often with little care for their potential performance. This invariably makes tech investments a playground where a select few flourish at the expense of many. Andreessen seems to dread any movement - whether it be sustainability, regulation, equity, or socialism - that could shake A16Z's foundational profit model.
While he declares support for "accelerationism," his investment patterns and pronouncements indicate an inclination to preserve the status quo. Rather than the forward-thinker he claims to be, Marc appears more like a shrewd pessimist, seeking minimal regulations and championing the idea of an "every man for himself" society. I could not disagree more with him.
His manifesto seems more like a tech industry rant than an illuminative piece, providing no real substance other than generic libertarian tropes. Despite his wealth and influence, Marc seldom presents actionable ideas. Instead, his discourse is an endless loop of grandstanding without tangible direction. It’s worth highlighting that while A16Z has made significant contributions to the tech world, their involvement in ventures like Airbnb and certain Web3 investments has sparked controversies.
Andreessen's voice lacks in providing real solutions or fresh insights, making him seem more of the tyrant he denounces. While he embraces the allure of technological advances, he has often opposed initiatives that genuinely expand the horizons of humanity.
And, inevitably, his stance reeks of double standards. It’s ironic how Andreessen criticizes those who may use Orwellian strategies when he himself seems to walk a similar path, cherry-picking icons of optimism and providing no concrete references. Far from speaking to a discerning audience, he seems more aligned with those seeking an echo chamber.
In essence, Andreessen and his circle seem staunchly opposed to genuine advancement. Their actions indicate a disinterest in societal upliftment because they're detached from the real struggles. As various analyses suggest, while technology might've resolved Andreessen’s hurdles, it's been less about novel approaches and more about capitalizing on circumstances.
Such personalities are not the harbingers of hope they claim to be. They're cynics, staunch supporters of existing systems that favor them. And they’re either oblivious to the plights of the common people or deliberately indifferent. Voices that preach contentment in a world of disparities while flaunting their affluence are detrimental.
The enemy is on edge. As they watch the emergence of a powerful labor movement toppling the giants, fear takes hold. They witness a world inching towards fairness and inclusiveness, and they are filled with dread. As a newfound cultural consciousness that values life outside of just work gains momentum, their anxiety rises.
Because at their core, these adversaries are the ones who contribute little but expect much. They channel investments from one pocket to another, perpetually benefiting from the hard work of others, yet imprinting no lasting mark.
They are the archetypal rent-seekers, mere intermediaries moving vast sums of money, slowly recognizing that their handiwork seldom contributes to any real positive change.
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