My friend Fred Wilson has authored a great thought piece on the role of capitalism going forward.
This line in particular grabbed me from his post:
That said, we do need to recognize that technology is taking massive costs out of our collective P&Ls and creating a large surplus for many of us. At the same time, the people who made up that cost structure are out of work and struggling to put a roof over their head and feed their families. Shouldn’t that surplus, at least part of it, go to assisting those people?
Fred and Joanne Wilson are walking the walk on this important topic. They are generous and dedicated philanthropists while at the same time committed to backing new technology, new jobs and new ideas.
We desperately need to support compassion in our community while we push for capitalism in our markets.