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I'm not sure where you got the idea that I believe in "pandering to the masses," but maybe this will cure that misconception: http://paulgraham.com/usa.html.

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"But the just-do-it model does have advantages. It seems the clear winner for generating wealth and technical innovations (which are practically the same thing)."

Today, wealth and technical innovations have separated quite a lot. A great programming language will make less money than the programs built upon it. I don't think this is entirely valid in the world of today, where open-source software is often some of the most innovative.

By wealth I don't mean money. You don't have to get paid for creating wealth: http://paulgraham.com/wealth.html (search for "open source").

Well viaweb would be one example of pandering that you seem to have just admitted.

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