Jerktech: Silicon Valley’s most shameful export

Cory Doctorow:

Jerktech is the very apt epithet for the class of “disruptive” startups that sell things that don’t belong to them, like parking spots and restaurant reservations, simply raising the prices of them and making access to public resources a factor of your disposable income.

Jerktech: Silicon Valley’s most shameful export

12 Replies to “Jerktech: Silicon Valley’s most shameful export”

  1. William Terdoslavich: When gold was discovered at Sutter’s Mill, California saw a similar price explosion. Items that once cost pennies were priced in dollars.

    You cannot escape the law of supply and demand. If too much money comes pouring into a small region, prices MUST go up. They would only go down if everyone left town.

    For a good comparison, price San Francisco and Detroit. via facebook.com

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