Sam Seder
@TheMajorityReport·2M subscribers·30.1K videos
How VC’s Exploit Workers & Impoverish Innovation | Benjamin Shestakofsky | TMR
Posted
September 15, 2024
Views
10,291
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418
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4.46%
September 15, 2024
10,291
418
41
4.46%
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44:11Now PlayingLive-streamed on September 9, 2024
Benjamin Shestakofsky, assistant professor of sociology at the University of Pennsylvania, discusses his recent book Behind the Startup: How Venture Capital Shapes Work, Innovation, and Inequality.
Professor Shestakofsky tackles his time working within and researching the world of venture capital, giving some practical examples of the risky and unsustainable mentality that drives the industry, stepping back to walk through some of the extreme examples of the exploitation it relies on, including obscuring the failed promises of their technologies by relying en masse on low-wage human labor – be it in the Philippines or Las Vegas. Expanding on this, Benjamin walks Sam and Emma through the impact the VC revolution has had on undermining the quality of services and helping to spur the “enshittification” of the internet, before wrapping up with some alternatives to this Silicon Valley mentality and the policies that can be used to incentivize that change.
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