Tag: Capitalism

Categories
Startups

Day 814 and Odd Hours

I’m a little bit of a work fetishist. I’m into shit like routines and the Protestant work ethic and I avidly participated in hustle culture. But I regret to inform you that most of it is a lie.

So much of your professional life ends up getting wasted to slavish gestures to productivity porn. It’s just not how real life works. But it sure looks sexy when you lay it out like an Instagram reel.

But maybe it’s not always just for show. Maybe there is something you don’t understand about how things do or don’t work. So you accept some social norms to fit in with others and you find their advice on shit like sleep more and get high quality protein is sort of first principles.

You have the basics of being a responsible adult and learning from others while you do it. We have a grand shared culture and some of it is useful and some of it is superstition and sometimes it’s not clear which is which. But shared meaning is how humans organize. Maybe there is value to meetings.

Point my dear whacky zoomer autists is you need to be able to be a functioning member of civilization despite what Covid may have revealed. You have to accommodate other people’s lives even if you don’t like everything. Welcome to the herd.

And honestly you should have to learn to fit in a bit of life that overlaps with real humans. Even though we have total access to our most niche nerd fandoms online, we deal with normies in real life.

But I’ve also come to realize that performance is a game. And you can train yourself to go from zero to halfway decent if you just make an effort. But the real art of it all the tip and tricks and how-to guides comes down to just doing the work and figuring it out. The intangibles make you an expert. That’s the stuff you spend a life refining and it doesn’t ever take a break. It’s why all the super successful people are also kind of fuck ups.

Sometimes the weird is genuine as they have rethought a an assumption about the world and intend to make their vision known in the world. And that’s not done on bankers hours.

I work on Sunday when something happens and the momentum shifts and you know that adding your gravity to the matter could make a difference. And so you go the extra mile for someone else because it’s about us trusting each other to work with reality but also see each other as we are. And most of us are weird and it’s fine and you’ve got to work the way to makes your weird shine.

If you are good at your niche and you apply your knowledge and tell it straight then sometimes you do some magic and it moves your universe. So yeah sometimes you’ve got to keep weird hours to hold space for the possibility.

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Media

Day 813 and You

I took some of today off to watch television as I’ve been in a bit of an overwork tumult. I finished the 4th season of the psycho-sexual thriller You starring Penn Badgley.

I recommend the streaming series on Netflix (I’ve not read the books on which it is based) unabashedly to all women who have ever dated men seeking to save them and to men with mommy issues seeking salvation in broken women.

I may get a bit spoiler-y in this post so now might be the time to peel off if you don’t like knowing anything about a show though I promise to avoid big plot twists.

I was struck recently by an excellent Twitter thread from journalist and my favorite therapy poaster Heidi about how men are socialized to “never be the bad guy.” I felt it was particularly salient as I finished the newest season of You which hinges on the tricks ego plays on you to help you ignore your shadow.

Realizing that what you do and who you are are not the same thing but that we have responsibility for the consequences of our actions is kind of the whole enchilada of therapy. If you’ve ever worried you are a bad person or struggled with shame you recognize this.

You makes some clever stabs (pun intended) at dealing with the darkest manifestations of this by pairing women who need saving with a serial killer. Empire of skulls becomes a bit more than metaphor as it closes in on how wealth intersects with mommy and daddy issues and inter-generational trauma. I really do recommend it watching it.

In true “it’s hip to be square” American Pyscho style, it’s unclear how much we are meant to consider whether it’s possible to have “a good kill” as an intellectual exercise. What we do end up considering is that shadow integration work is invariably a dangerous Dr Jekyll and Mr Hyde affair. And what kind of lies we are willing to tell is a function of our relative power as it intersects with a traumatic childhood.

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Emotional Work

Day 809 and Powerful

I’ve been through the gauntlet over the last month. And despite the nauseating rollercoaster of it all, I feel powerful. I am happy that I’ve drawn upon who I am and the boundaries required. It’s been liberating in a professional capacity but I can also see how my personal life got bigger and better as well.

The future is looking as uncertain as a Paul Atreides without the spice. I cannot see how it resolves. I see only hard choices and responsibilities both individual and collective. And I feel ready to hold my ground on what I contribute. But I will be holding others to theirs as well.

We’ve got a long ways to go. Many people do not wish to see things as they are. Issues both material and social are gripping America and by extension the world as the dollar hegemony comes into question over powerful institutional distrust. The power that comes in holding your gaze on what it could all mean and not turning to panic in fear is immense. I am not turning away.

I hold the knowledge that I can do everything right and still fail. I have faced the no win scenario. The Kobeyashi Maru of it all is that sometimes we lose. And we will feel it. And those feelings matter. But then we shoulder the burden and do what needs to be done. The only one who can save you is yourself. And I chose to see the power in the hard choices.

Categories
Finance Internet Culture Preparedness

Day 807 and Hyperinflation

Everyone calm the fuck down and stop panicking while we consider the most dreaded phrase in Silicon Valley: “Balaji was right”.

Sometimes people use a method of persuading you from the extremes. Remember “he means it seriously but not literally?” It works, it nudges the new position into your frame of reference and anything else feels moderate by comparison. But you get to choose what you adopt. You can be optimistic, you can chose new ways of being, you control yourself. But warning: it takes so much energy and effort, which I know because I did a lot of work to adjust my life to tail risks while still believing that you have to live your life.

Also, I’m not going to censor anything, so if you’ve got an inclination to cuss me out for not being on your “side”, I’d ask you to remind you that I’m human and winging it just as much as you are. Let’s all remember our humanity.

So are we going into hyperinflation in the next 90 days with Bitcoin going to $1,000,000?

The Next 90 Days

I mean, an apocalyptic scenario is pretty hard to do in ninety days no matter what is happening. Because life finds a way and as my husband Alex likes to say, people revert to the mean. So while I don’t fucking know and neither do you, I don’t think on balance the physics of hyperinflation in 90 days works from where we are now, when talking about the US in particular.

I’m not doing elaborate math though I’ve read the materials. I can make some good guesses based on logical observations of my available data and on human nature. And I think a shock of that magnitude is basically the end of the world. And as much as I think we’ve got to end denialism about how bad shit is for a lot of people, I’m also not sure it’s going to go sideways that fast. Maybe I’m over indexing on having read Gibbon’s “Decline & Fall of the Roman Empire”.

And to the idea that “it’s ok, we’ll all just move to a Bitcoin economy: we’ve got a so much work ahead of us to make crypto and in particular Bitcoin work as a viable alternative for a practical economy it’s not even funny. I think I’m reasonably active in crypto (though probably not as much as you think on a day to day basis). I participate in some DAOs, I have bags with Bitcoin. I believe we can build a better future. But we are small and the problem is big and we need more of you to come in and build it with us if you want an alternative economy that’s actually usable by everyone.

I think this is a good thing because I have had some good experiences with how American capitalism works but I think we can do better. I have some money but I’m not .01%. I like capitalism but I’ve experienced the deep lows of navigating a chronic illness in America before everyone became obsessed with fragility. I’m not saying the systems works.

So while I think a change is ultimately coming (and I’ve made plenty of bets to that effect), I’m not so sure I want the apocalypse to come just to further that end.

After all we can’t build software if it’s the end of the world. Which isn’t a huge leap to make if the dollar hegemony collapses before August. Literally nobody wants that. But a lot of people want more options and it’s our jobs to convince them we can provide it.

So we can use Bitcoin but again, let’s not get ahead of ourselves.

Changing Systems

But I want to be transparent about what I am weighing. I believe we have some negative trends that haven’t been addressed in fractional reserve banking. I believe our world has strained trust about state run capital and currency feels inherently political.

We aren’t that far off the church and state separation, historically speaking. And it took a long time for the separation to hold. But even if time moves faster now, I’d be surprised (though not shocked) if we took down money and state in a quarter. Maybe I’m underestimating dramatically on the exponential. I clearly don’t think it’s impossible because I live in Montana and my revealed preferences tell you something. But I also live near a yuppie city and I make investments in a market economy. I’m torn.

So do I think it takes more time to unwind an empire? Yeah I do.

Do the network affects at play impact monetary policy? You tell me.

We poured a lot of cash into a lot of hands and we have the option of gossiping at scale in public. It feels like no one learned anything from GameStop but I can assure you I did. We don’t totally understand emergent behaviors. Egregores are real and we can summon demons, though we probably shouldn’t and I think it’s a little weird to do so because I’m not confident it won’t kill me.

And there’s a lot of new ground to cover. More deeply tied financial systems, and networks magnified 1000x. Last time around we barely had a functional Twitter and now we have, well ok it’s barely functional now (jk but not).

So we shouldn’t in fact continue to do that by building credibility through showing our work and support and investing in that future?I think so. It’s astonishing it’s as cheap as it is now given how much opportunity it provides. But again we have to keep building it out.

Opening the Window

Finally, one tactical issue I want to address is that Balaji may simply be trying to expand our minds on the possible in front of us and how fast we can do it. I believe the most pejorative way of describing it is manifesting but you can in fact apply energy to making a system move in your favor.

One way you do that is by opening the Overton Window on what is possible and seeing if people step up to the plate to build norms and tools that further your cultural view of the world.

So if you really believe that a change is coming and that people need to prepare for it, yes you push even farther than you might think is actually going to happen. That way, even if someone only comes halfway there, they’ve landed right where you think they need to be.

All this to say: chill out everyone – we’re living in the fastest, craziest times there have ever been and it’s damn easy to get sucked into the vortex. So take a step back, breathe, and make your decisions from a place of calm, not panic.

Categories
Chronic Disease Internet Culture Media Politics

Day 803 and Killing Strangers

I’ve been one of those types that absolutely has no problem taking a shot at the Christo-fascists dorks at CPAC mincing words about eradicating trans people from public life. Fuck you, you fucking fucks, you absolutely would be fine if state sanctioned violence eliminated trans people. It’s not you being metaphorical or cute or whatever justification you used. It’s killing strangers.

I wasn’t any more amused when folks decided it was alright to discuss a cost benefit analysis of keeping the disabled alive within the context of state benefits. No thanks I am not interested in a mercy killing because I’m expensive. Oh it’s a mercy killing for children? Yeah no still good thanks. Fuck you Canada. Medicare for all sounds good up until you decide to put me on palliative care via the metaphorical ice flow of opioid addiction.

So you might imagine I am equally sensitive about someone making jokes about euthanizing people who pays their bills by investing in early stage startups. Oh it was just a joke about how Keynes didn’t like the rentier class? Hilarious.

I am just rolling on the ground laughing at your erudition. Yes, benefits of a classical education. Har har. It’s so much smarter than the CPAC guy who wants to kill trans women. Definitely smarter than those segueing to mercy kill sick Canadian children. Oh wait, no it’s fucking not you sick fucks. Stop killing strangers in your rhetoric for shock value and clicks.

Perhaps I could interest the Jacobin audience members in a trip back to the Opium Wars, funded by Franklin Delano Roosevelt’s grandfather, just so we understand the gruesome reality that the New Dealers saw first hand in their own family trauma. Or if we are pluming the depths of the historical animosity towards finance and it’s intense hypocrisy, I’ll send you back with a copy of my favorite conspiracy text Creature from Jekyll Island. Then we can have a nice big chuckle about blood libel if you make it back.

I cannot believe that I am writing about any of this social media blood lust but perhaps we could all listen to Marilyn Manson’s Killing Strangers together and decide that there is no clever or enjoyable way to advocate for the killing of strangers. That it’s not cute to joke about killing people you don’t know just to further your political or economic aims. I’ll try to stop joking about how it’s ok to punch Nazis.

I am baffled that I keep ending up in groups that become the target of the genocide curious. I know being a hysterical disabled white bitch is a pretty commonplace “kill them all fetish” and smarter minds than me can untangle how all roads lead to disability. Witches and bitches.

But I’m getting unsettled seeing how it piles up and I keep getting lined up in other people’s sights. I’m married to a Jewish man. I’ve got queer family members. And yes I make a living investing capital (that I raised from weirdos) into other weirdos. Don’t worry my AUM is small enough I can’t live off management fees. Ironically because I’ve got medical bills because I’m disabled.

If you don’t know what that means and you still want to kill m perhaps it’s you that is the psychopath. Just a thought. Not that psychopaths are bad it’s just that I’m worried you will act on it. It’s not always clear if we are the baddies but advocating for blanket euthanasia is probably a helpful marker. Just like as a baseline for civilizational norms.

Either way, I’m not letting any of you kill my queer disabled Jewish rentier bourgeois family members. I don’t care if you a Jacobin or a CPAC member or a pissed off narco-trafficker running Fentyl out of Toronto. If you want to kill me because I’m a stranger and you don’t want to hurt the ones that you love. Ok. But I’ve got no intentions of making it easy for you.

Categories
Finance Politics

Day 802 and Vengeance

You can’t stare into the abyss without letting it stare back at you. And I did a little too much abyssal observation over the course of the weekend. I feel overwhelmed with grief. I saw in the abyss a roiling cauldron of rage and hate and fear and despair. And I saw my own grief reflected back. The boiling blood that demands punishment flooded the news.

I feel grief for the inner child who lived through the turmoil of past market dislocations. I feel grief for my father who suffered through the bankruptcy of 2001. I feel grief for my mother whose teacher’s pension was decimated in 2008. I feel all the pain and sadness and anger and unfairness. I feel it all in my own family.

He piled upon the whale’s white hump the sum of all the general rage and hate felt by his whole race from Adam down; and then, as if his chest had been a mortar, he burst his hot heart’s shell upon it.

Moby Dick

I see the desire for vengeance. I feel it myself. I never saw any kind of justice for my father or my mother. My inner child will never know that peace. And I will have to be an adult and accept the disappointment of a world where far too many little children suffer for sins of their fathers. Many of us pick them up and carry them on. The churn is largely amoral and uncaring.

I see how satisfying it must be to give in to Ahab’s roiling anger. I saw many hot heart shells bursting on the time line over the weekend. A few were directed at me. I can’t be sure that my own didn’t explode on innocents. We are all culpable in ways big and small.

I am doing what I can to dust myself off and carry on because work must be done. We’ve not yet finished building a better future. We’ve barely even built the outlines for a tolerably decent present. I pray it’s too soon for us to find out how hot our hate burns.

Categories
Politics

Day 801 and Not Today

It’s been a rocky few days watching the crisis unfolding around Silicon Valley Bank and what would happen to its depositors. We’ve received our answer.

After receiving a recommendation from the boards of the FDIC and the Federal Reserve, and consulting with the President, Secretary Yellen approved actions enabling the FDIC to complete its resolution of Silicon Valley Bank, Santa Clara, California, in a manner that fully protects all depositors. Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.

So that’s been a wild and scary ride and I guess we are kicking the can down the road. But I wasn’t emotionally prepared for a contagion on Monday.

Categories
Finance Politics Preparedness

Day 800 and Small Potatoes

It’s nice when a round number crops up in my daily journey of writing every single day. It’s even better when it’s colliding with the wider narratives of humans. If you aren’t paying attention to the news, Silicon Valley bank had a run on Thursday and was taken over by FDIC on Friday. Now the powers that be decide our fates. On day 800 we wait to see if anything has changed about capitalism.

I’m small potatoes so I’m scrambling for survival as much as anyone. But I’ve got a reasonably good head on me and I’ve seen this movie before. Literally. I watched Margin Call a dozen times this year. My family also went bankrupt in the 2001 crash and I was working in startup land during the 2008 crash. So this isn’t exactly my first ride on the roller coaster. I still get sick to my stomach though.

I think we are all about to have a significant conversation in America about trust and who is looking out for whom. I have my theories on how it plays out and over what time horizon. Very few of those scenarios and involves actually letting the american economy implode. But some heads will need to roll it’s just going to depend on the fates.

I really don’t feel like writing through some of this as it’s both personally traumatic because I’m a human being but also because I don’t know where this lands any more than you do. A lot depends on who blinks and who we want to scapegoat and how much we want to tolerate the unpleasant realities of who matters most. Not to be dramatic but every empire rests on a pile of skulls. It’s the degree to which this is literally true that changes over the years.

Categories
Politics Preparedness Startups

Day 799 and Black Friday

I suppose it’s now quite clear why I felt like I was driving through a snowblind yesterday. For someone who spent the year telling everyone to watch Margin Call you’d think I’d be pretty prepared for the inevitability of pricing affecting risk.

I am, of course, discussing the collapse of Silicon Valley Bank. We’d discussed in our household scenario planning around what would happen if we saw banks forced to compete on better interest rates. Perhaps the same old story of mis-pricing your risk would play out. Discussions of contingency planning and multiple accounts and insurance policies both personal and professional. I really didn’t expect for any of the emergency use cases to manifest as to even contemplate it is simply too horrifying.

But horrible things happen every day and I am skeptical of my capacity to judge my own need for a comfort in a situation in which there is none to be found. I do however believe that in the wake of the Great Recession we’ve come to believe that money always gets bailed out. And why would Janet Yellen (of all people) hang out the singular shining star industry that keeps the lights on in the hollowed out shell of post-industrial American capitalism.

That said humans have been known to do spitefully stupid things that hurt themselves so long as it also hurts someone they dislike. Cut off your nose to spite your face. I don’t know if the drive for vengeance is strong enough for some populist reactionary spill over. I’d want to at least offer up a scapegoat and I’ll be curious to see who has this fate.

This seems like the crumbles to me. The logic of the Jankening is that we cannot always predict the downstream effects because this is a complex system. All I know is that to let a large chunk of the wider technology ecosystem fail would be catastrophic.

However, we have now effectively put in the minds of a new generation that banks do stupidly silly things occasionally (Lmao) and you have to be careful who you trust with risk. Everyone is running to the big banks and that will have its own consequences. I am curious to see what the downstream consequences will be.

Be careful who you trust, use some common sense and don’t be overly sure of the value of powerful people telling you want to think. They might not have your best interest at heart.

Categories
Culture

Day 797 and Women’s Day

I remember a gentler more optimistic time when I received a “holiday” like International Women’s Day with some amount of positivity. I’ll grant it was mostly as an excuse for marketing and public relations but it didn’t offend me. Now in the harsh reactionary landscape of 2023 I fucking loathe it.

There was a time when I discussed issues like equity and inclusion and felt proud to ask for more space for women in the many male dominated spaces where I spent my time. I like startups, economics, math, science fiction and libertarianism so you could say I’m used to be one of the few women. And I never felt like I didn’t belong.

That is until I started taking up space. Once you’ve asked to be treated as not just one of the boys but as the leader of the pack you start to notice the snarls. Still I didn’t mind. Being top dog is always going to involve some fights. Let’s just say I’m glad women were allowed into the back door of the startup economy by handling Ecommerce. I didn’t mind having to earn my way in by playing in girly spaces like shopping. The money spends.

But I didn’t have to fight any men to do it. I found a way in on my own terms even though I might have preferred something a little less clearly marked as “for girls!” Because I’ve come to believe that no one wants a more diverse world. Diversifying industries that felt safe to men like startups was fought tooth and nail because who wants to give up ground that they fought hard to gain. I’m sure the men all bleed for their positions and nobody wants more competition. I get it.

It’s all a bit of polite fiction because the reality is power is always earned (or taken) and if you think life is a zero sum game you might believe me gaining power is your loss. I don’t believe in zero sum so I’m a little more “win win” but I get it. I see your pain.

So it’s with that dose of realism that I’ll ask you to pardon me if I am skeptical of the value of some corporate holiday to celebrate women’s contributions to the world. We are half the fucking planet. Of course we contributed to the fucking outcome! I don’t need a damn day for that.

Just because men kept women in the house (or cave or whatever) for a couple thousand years doesn’t mean we didn’t build this world too. We bore your children and made your food and kept the hearth.

We gave your dumb asses advice and kept you civilized because that’s what you asked from us. And yet somehow in modernity, men resented women for civilization even though you sure seem like you love the power and wealth that came with civilizing.

The new masculinity Internet influencers say it’s so emasculating to stop being brutes. It’s these women and their demands for respect and inclusion that is so burdensome. Fuck feminized society they howl. Return to tradition! Ok, so which one is it buddy? You want to be a warrior but you also like wearing those Gucci loafers too.

So yeah fuck all the way off. In fact, let’s get grosser. Suck my blood cunt. No one is buying me off with a holiday. It’s tacky. Like buying flowers for your wife after you did something bad. Just own up to it and fuck the flowers. Be a man.

So that’s my message on International Women’s Day. Be a man. It’s what everyone wanted right? Oh and suck my bloody cunt. Let’s stop with the special holidays and get on with building the world together. You know, like we used to do.