Wendy Liu critiques the tech industry’s profit-driven model, arguing that it prioritizes capital accumulation over societal well-being. Drawing from her experiences as a former startup founder, Liu highlights how the industry’s focus on growth often leads to exploitative labour practices and reinforces existing inequalities. She contends that the capitalist framework stifles innovation that could genuinely benefit the public, instead fostering a culture where technological advancements serve the interests of a select few.
Liu advocates for a radical restructuring of the tech industry, proposing alternatives such as cooperatives, non-profits, and public services to replace the current profit-centric models. She emphasizes the need for a system where technology development is driven by social needs rather than financial gain, aiming to create an environment where innovation serves the collective good. By challenging the foundational principles of Silicon Valley, Liu calls for a transformative approach to technology that aligns with democratic values and equitable progress.