Class tensions in the San Francisco Bay Area got even hotter this weekend, over the public musings of Tom Perkins, a prominent venture capitalist and co-founder of the firm Kleiner Perkins Caufield & Byers. The billionaire wrote a letter to the Wall Street Journal comparing the class tensions between the San Francisco middle class and the techno-affluent to one of the most horrific events in Western history — Kristallnacht, or “Night of the Broken Glass,” a series of coordinated attacks against Jews in 1938 Nazi Germany.
The context here is that in recent years, some Bay Area residents have become increasingly outraged over rising income inequality, housing prices and how newly-rich tech entrepreneurs are changing the city and its culture. (We explored this from several angles in December, look back on the series here.) The simmering resentment has erupted in louder calls for housing policy changes and protests over the private buses that take tech workers to Silicon Valley headquarters, like those of Google. And some protestors have even stalked a Google employee to his home and blocked him in.
The events have clearly frustrated Perkins, a “Silicon Valley pioneer,” according to his bio. In his letter titled “Progressive Kristallnacht Coming?” Perkins attempts to draw a line between the “demonization of the rich” in San Francisco to the assault on Jews by the Nazis at the start of World War II — an assault that led to 91 deaths and 30,000 jailed in concentration camps. Some excerpts from Perkin’s brief letter:
“I would call attention to the parallels of Nazi Germany to its war on its ‘one percent,’ namely its Jews, to the progressive war on the American one percent, namely the ‘rich.’
“From the Occupy movement to the demonization of the rich embedded in virtually every word of our local newspaper, the San Francisco Chronicle, I perceive a rising tide of hatred of the successful one percent. There is outraged public reaction to the Google buses carrying technology workers from the city to the peninsula high-tech companies which employ them. We have outrage over the rising real-estate prices which these “techno geeks” can pay.”
“This is a very dangerous drift in our American thinking. Kristallnacht was unthinkable in 1930; is its descendent ‘progressive’ radicalism unthinkable now?”
His firm, Kleiner Perkins Caufield & Byers, already seems to be distancing itself from its namesake partner, with a tweet saying it is “shocked by his views”:
And Perkins has been blasted on Twitter, as you might have expected. New York Times journalist Steven Greenhouse put it this way:
We’re trying to get a response from Perkins and will update this post if we hear back.
You are one of the CPR readers who wants to know what is really going on these days. We can help you keep up - The Lookout is a free, daily email newsletter with news and happenings from all over Colorado. Sign up here and we will see you in the morning!