The one thing this country (I'm speaking here of the US) doesn't have any discernable lack of is massive herds of people who are desperate to make more money. Lots of it. Piles of it. Mountains of it. And right now. If there is a clear and unambiguous, nearly universal, practically uncontested value in this country it's to make more money.
That's not necessarily bad, but it often is, and frequently has both bad personal and economic consequences.
Of course it's not even clear what we're talking about since "making money" isn't really defined in the article, and the kinds of salaries that are easily within reach of, I would assert, most professional HN readers (who are programmers), are airily dismissed with the claim of heavy taxation (which are actually near historical lows), and the costs of "maintaining a certain lifestyle" which is more or less a personal choice. If you are a person living in NYC or SF and you make $125,000 a year, and are unable to max out your 401k AND save at least a grand a month, then you are making extremely poor decisions. Now, that may not be the kind of money the author has in mind, but it ain't bad, and you can lead a decent lifestyle and save at the same time without much effort.
There is, I think, some small truth to the claim that there is more talk of changing the world in SV than at, say, Lehman Brothers, but I think it's slightly naive not to see that this is often a thin tissue over the desire to make money. Not too many people go into to business and don't want to make money and a lot of it if they can. Talk of changing the world is prevalent precisely because the current software revolution makes it astoundingly more likely that you can make money AND change the world. That's certainly not true if you start a bodega and probably not true if you start a hedge fund. But in software it is. Software companies are changing the world in ways that are both trivial and profound, and some of them are even making a boatload of money at it. I don't see a lack of people who want to make money anywhere. I see a set of people who recognize that they can potentially have an outsized impact on the world and make a lot of money because software makes this massively more likely than at any time in the past.
It just seems to me that the author both assumes a problem that doesn't really exist, and proposes an answer to said problem that is presented as more sure and easier than it actually is. But anyway I think the confusion is because we shift from getting rich at the beginning to "make enough money to be comfortable" at the end, so it's slightly confused: it's not about all out self-interested greediness he tells us, except at the end it is. And the social consequences of that mindset are just conveniently ignored. In the end there just doesn't have to be strong competition between the desire to make money and the desire to also do decent things in the world. It only seems that way when one of those desires (the first one) is grossly out of whack.
I think the author is talking about a very tiny bubble of, not just Silicon Valley, but also further limited to recent grads who are still living the college life and just starting companies.
If you limit your world view to that group then I'm sure it seems like everybody is in it to change the world, and a goal of making money is not noble.
I'm not a part of that group, so I don't really see that at all. Nobody that I personally know has any problem with making money. Not that we're all chasing money either, just that there's certainly no conflicting feelings going on.
That's not necessarily bad, but it often is, and frequently has both bad personal and economic consequences.
Of course it's not even clear what we're talking about since "making money" isn't really defined in the article, and the kinds of salaries that are easily within reach of, I would assert, most professional HN readers (who are programmers), are airily dismissed with the claim of heavy taxation (which are actually near historical lows), and the costs of "maintaining a certain lifestyle" which is more or less a personal choice. If you are a person living in NYC or SF and you make $125,000 a year, and are unable to max out your 401k AND save at least a grand a month, then you are making extremely poor decisions. Now, that may not be the kind of money the author has in mind, but it ain't bad, and you can lead a decent lifestyle and save at the same time without much effort.
There is, I think, some small truth to the claim that there is more talk of changing the world in SV than at, say, Lehman Brothers, but I think it's slightly naive not to see that this is often a thin tissue over the desire to make money. Not too many people go into to business and don't want to make money and a lot of it if they can. Talk of changing the world is prevalent precisely because the current software revolution makes it astoundingly more likely that you can make money AND change the world. That's certainly not true if you start a bodega and probably not true if you start a hedge fund. But in software it is. Software companies are changing the world in ways that are both trivial and profound, and some of them are even making a boatload of money at it. I don't see a lack of people who want to make money anywhere. I see a set of people who recognize that they can potentially have an outsized impact on the world and make a lot of money because software makes this massively more likely than at any time in the past.
It just seems to me that the author both assumes a problem that doesn't really exist, and proposes an answer to said problem that is presented as more sure and easier than it actually is. But anyway I think the confusion is because we shift from getting rich at the beginning to "make enough money to be comfortable" at the end, so it's slightly confused: it's not about all out self-interested greediness he tells us, except at the end it is. And the social consequences of that mindset are just conveniently ignored. In the end there just doesn't have to be strong competition between the desire to make money and the desire to also do decent things in the world. It only seems that way when one of those desires (the first one) is grossly out of whack.