Not only “in a sense,” but also directly — many of the parent or grandparent LPs to US venture firms are foreign wealth funds, and US tech companies are (by way of our capital markets) held as an investment by many foreign nations (e.g. Norway’s sovereign wealth funds).
So we enrich foreign nations through our technology companies and capital markets. This is to the detriment of our domestic laborers, but it’s a great deal for our top ~30% “laptop class” that earn disproportionately well and have their savings stored in those same markets.
So we enrich foreign nations through our technology companies and capital markets. This is to the detriment of our domestic laborers, but it’s a great deal for our top ~30% “laptop class” that earn disproportionately well and have their savings stored in those same markets.