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A comment on Silicon Valley elites revealed as investors behind $800M Bay Area land grab. Parent comment

Re:Silicon Valley elites revealed as investors behind $800M ... by southerntofu on Sunday August 27, 2023 @03:50AM (#37280373)
This is a proved-wrong path throughout history: https://en.wikipedia.org/wiki/Company_town

Company towns are one form of what former slaves called "wage slavery" in that time: https://en.wikipedia.org/wiki/Wage_Slavery

Capitalism is many things but certainly not flat or equalitarian.

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Re:Silicon Valley elites revealed as investors behind $800M ... by anovikov on Sunday August 27, 2023 @04:08AM (#37280481)
Company towns existed because people worked for the company and company made money by exploiting them which worked the best when they were effectively locked up in one place. Here, the company will make money by people staying there and paying it, thus they will compete by providing best conditions to everyone.
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Re:Silicon Valley elites revealed as investors behind $800M ... by malermeister on Sunday August 27, 2023 @04:51AM (#37280744)
Who will they compete with? Wouldn't they have a monopoly in housing in this scenario?
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Re:Silicon Valley elites revealed as investors behind $800M ... by dagw on Sunday August 27, 2023 @06:35AM (#37281313)
Who will they compete with?

The next town over. The theory is that if the town is good enough, rich people will pay a premium to live in this town rather than then one a few miles down the road. Then businesses will pay a premium to rent commercial space there since it will give them access to a 'better' class of customers etc. etc.

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Re:Silicon Valley elites revealed as investors behind $800M ... by malermeister on Sunday August 27, 2023 @10:45AM (#37283207)
That implies a complete freedom from all attachment. What if your job is in the worse town? What if your aging parents are?
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Re:Silicon Valley elites revealed as investors behind $800M ... by dagw on Sunday August 27, 2023 @01:13PM (#37284634)
What if your job is in the worse town? What if your aging parents are?

You commute, like people do today. Living in one town, working in another and having your parents in a third sounds completely normal

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Re:Silicon Valley elites revealed as investors behind $800M ... by rwmj on Sunday August 27, 2023 @04:56AM (#37280774)
Oh I see, you're really serious about this.
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Re:Silicon Valley elites revealed as investors behind $800M ... by dontlaugh on Sunday August 27, 2023 @08:22AM (#37281956)
I choose to believe it’s commitment to the bit.
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