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General News    H3'ed 6/25/13

Rebecca Solnit, How to Act Like a Billionaire

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The takeaway message seemed to be that nothing is off limits in pursuing self-interest, and that the actual meaning and consequences of these climate-impacting projects was not of concern at least to that 29-year-old who's also the 25th richest person in the United States. (To give credit where it's due: Silicon Valley billionaire Elon Musk, Paypal cofounder and electric car mogul, quit FWD.us.) Zuckerberg and his Valley associates were pushing things they didn't care about and demonstrating that they didn't care about much except what makes their corporations run and their profits rise. Here, where the Sierra Club was founded in 1892 and many are environmentally minded, this didn't go over well. Protests ensued at Facebook headquarters and on Facebook itself.

Rising hostility to the tech surge in San Francisco is met with fury and bewilderment by many Silicon Valley employees. They tend to sound like Bush-era strategists dumbfounded that the Iraqis didn't welcome their invasion with flowers.

Here's something else you should know about Silicon Valley: according to Mother Jones, 89% of the founding teams of these companies are all male; 82% are all white (the other 18% Asian/Pacific Islander); and women there make 49 cents to the male dollar. Silicon Valley female powerhouses like Facebook CEO Sheryl Sandberg get a lot of attention because they're unusual, black swans in a lake full of white swans. As Catherine Bracy, on whose research Mother Jones based its charts, put it, "The current research I've seen shows that wealth creation from the tech industry is extremely unequally distributed, and current venture capital is going overwhelmingly to a small, homogeneous elite." That's what's encroaching on San Francisco.

That Pando article chastises us this way: "San Francisco can become a world capital.  First it needs to get over itself." But maybe we don't want to be a world capital or more like New York and Tokyo. The logic of more-is-better seems unassailable to San Francisco's detractors, but inside their more is a lot of less: less diversity, less affordability, less culture, less continuity, less community, less equitable distribution of wealth. What's called wealth in these calculations is for the few; for the many, it's impoverishment.  

The Armada of the .0001% 

If Google represents the global menace of Silicon Valley, and Zuckerberg represents its amorality, then Oracle CEO Larry Ellison might best represent its crassness. The fifth richest man in the world, he spent hundreds of millions of dollars to win the America's Cup yacht race a few years back. The winner gets to choose the next venue for the race and the type of boat to be used. So for this summer's races, Ellison chose San Francisco Bay and a giant catamaran that appears to be exceptionally unstable. Last month, an Olympic-medal-winning sailor drowned when a boat he was training on capsized in San Francisco Bay, pinning him under its sail.

Part of Ellison's strategy for winning again evidently involves making the boats so expensive that almost no one can compete. A race that once had seven to 15 competitors now has four, and one may drop out. Business Insider headlined a piece, "Larry Ellison Has Completely Screwed Up The America's Cup." It went on to say, "Each team, with the exception of New Zealand's, is backed by an individual billionaire, and each has spent between $65 million and $100 million so far." In typical Silicon Valley-fashion, Ellison also figured out how to stick San Francisco for a significant part of the tab and in the process even caused the eviction of a few dozen small businesses, though in the end the city did not give him a valuable stretch of waterfront he wanted.

Here's what San Francisco is now: a front row seat on the most powerful corporations on Earth and the people who run them. So we know what you may not yet: they are not your friends and their vision is not your vision, but your data is their data, and your communications are in their hands, and they seem to be rising to become an arm of or a part-owner of the government or a law unto themselves, and no one has yet figured out what we can do about it.

Rebecca Solnit is just winding up several months as a research fellow at Stanford Libraries and Stanford's Bill Lane Center for the American West. Her work there will lead to a book about California history, but her new book, out this month, is The Faraway Nearby.

Copyright 2013 Rebecca Solnit

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Tom Engelhardt, who runs the Nation Institute's Tomdispatch.com ("a regular antidote to the mainstream media"), is the co-founder of the American Empire Project and, most recently, the author of Mission Unaccomplished: Tomdispatch (more...)
 

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