> going to destroy far more more wealth for their contemporaries than they create for themselves.
"Destroy" is not the correct term. It is called creating efficiency. Reducing resources towards the same end is what increases wealth for everyone. While PG and the YCombinator crew might not capture all the wealth, they will capture enough to keep themselves satisfied and continue doing what they do, while tremendously increasing efficiency in the market and thus making everyone involved wealthier.
Assuming Matt's surface analysis is actually correct. I didn't put much thought in to that angle.
"Destroy" is not the correct term. It is called creating efficiency. Reducing resources towards the same end is what increases wealth for everyone. While PG and the YCombinator crew might not capture all the wealth, they will capture enough to keep themselves satisfied and continue doing what they do, while tremendously increasing efficiency in the market and thus making everyone involved wealthier.
Assuming Matt's surface analysis is actually correct. I didn't put much thought in to that angle.