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Jacob Kramer-Duffield's avatar

"Praxis is newsworthy because the utterly unqualified “founder” raised $19.2 million for his project."

This is a sidebar to this but this particular thing has really bugged me. That's a lot of money for you and me - as you note, pocket change for tech billionaires - but it is laughably insufficient to start a freaking CITY, by several orders of magnitude. People - and credulous reporters are very much included here - have really lost the plot of how BIG society is. Even the very richest humans can only plausibly use their wealth to gain power in/of a society/country - not build a new one. Jeff Bezos, if he wanted, could build a small-to-medium-sized city (he would hate it), but the list beyond that isn't very long. State-level resources - and obligations - are just a different thing than individual.

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Cheez Whiz's avatar

I have a stock answer I use when someone comments on some ostentatious display of wealth: "there's an awful lot of money at the top sloshing around with no place to go". As you note, a half-mill from a billionaire is a dollar in the tip jar to the rest of us. And the libertarian utopia of a "rational" city-state is an old dream going back to Galt's Gulch, and will never die as long as men dream of authority without responsibility. We are well into The Guilded Age 2.0 now, and it's only a matter of time before the oligarchs get their hands on government again and end up just like the first Guilded Age, except this time a much bugger percentage of the population will be in the cities. Be there, will be wild!

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