The billionaire says he wants to lead a 'techno-optimist' revolution. But he's too rich to understand that his belief system is stupid.
For years, Marc Andreessen has had so much money he’s barely known what to do with himself. After striking it rich with the founding of Netscape during the ‘90s, he built himself into a mega-investor in a pantheon of Silicon Valley success stories, becoming a kingmaker in the upper echelons of tech.
Here’s another example of the same shoddy economic thinking: We believe the measure of abundance is falling prices. Every time a price falls, the universe of people who buy it get a raise in buying power, which is the same as a raise in income. If a lot of goods and services drop in price, the result is an upward explosion of buying power, real income, and quality of life. Lower prices are always nice, sure, that’s true.
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