Categories
Politics

Day 1555 and Machiavellian Modernist

I finally decided to read James Burnham’s The Machiavellians this week. It felt appropriate what with all the tariff excitement and “Liberation Day” wish casting around mercantilism. As markets reacted and the chattering classes raised the volume it seemed like it was time to circle back on some core issues of power, realism, idealism and modernity.

The thesis of The Machiavellians, a term often associated with James Burnham’s book, revolves around the analysis of political power as inherently driven by elite rule and self-interest. The focus is on the practical dynamics of power, emphasizing realism over idealism. – Perplexity

As the Trump 2.0’s 5D chess defenders debate with the “tariffs are fucking retarded” economist and technocrat crowd it’s a good moment to contemplate if we’ve forgotten to care about the aims of a polis and whether it’s pursuing the people’s highest good.

Leo Strauss was the first critic of modernity I encountered with any weight. He saw Machiavelli as the first wave of modernity. Politics became practical tool as we lost our ambition for achieving justice, purpose and moral grounding through politics.

What good is an excellent technocracy if we only produce policies that send us careening towards charts with obscure symbolic meaning inscrutable to your average citizen? Meaning is stubbornly hard to measure.

Categories
Culture

Day 1551 and Jokes On Us

April Fool’s Day is just the worst. Practical jokes were much more enjoyable when telling the truth was still a widely accepted social norm. Our moment is one of a thousand falsehoods.

Our commitment to the truth and a shared sense of what separates truth from falsehoods has never felt shakier to me. It’s one strategic lie after another from all our institutions and leaders.

If you are living in our era of lies, half truths, and various flavors of misinformation & disinformation the idea of dedicated a day to falsehoods seems perverse. I don’t want to be on the Internet or a part of discourse on a day when deliberately lying gives you social capital.

Alas this is an ancient human custom in many places. The Indian festival of Holi, medieval Feast of Fools, and the Roman Hilaria are all early spring celebrations of pranks, jokes and foolishness. The prevailing theory dates to France and the change to the Gregorian calendar.

April Fools’ Day back to 16th-century France. In 1564, King Charles IX adopted the Gregorian calendar, moving New Year’s Day from late March (around the vernal equinox) to January 1. Those who continued celebrating the old New Year date on April 1 were mocked as “April fools” and became targets of pranks, such as receiving fake gifts or being sent on “fool’s errands.”

Via Perplexity

I rather imagine that the religious traditions mentioned above all valued truth as a foundational virtue. To know the truth of the world and the truth of your soul are the twin ambitions of human life.

Perhaps I’m being too sensitive. Or too rigid. Humans are evolved primates and we play status games that involve deception in the entire primate family. But I’d still prefer that we communicate true information to each other as both a norm and as an aspiration. That’s not a joke.

Categories
Politics Preparedness

Day 1550 and Fools, Drunks & The United States of America

Americans are mere days away from the dreaded April 2nd tariff reveal and the mood could not be more sour.

If only America was a few good zoning reform bills further along. Then we could house 700 million more people and our Abundance bro moderate liberals would be in a better mood. Alas it’s easy dunking for most of us when Matty Yglesias weighs in late to the party

I’ve spent the last half decade preparing for a more chaotic world. How it would play out and what would be the driver was anyone’s guess.

I made plenty of bets that energy, compute, and decentralization would be the way in a multi-polar world, but I don’t want to count America out just yet. That’s why we made our last stand in Montana.

“God has a special providence for fools, drunkards, and the United States of America.” Otto von Bismarck

The amusing bit of Trump’s mercantilism is literally only he and a small band of trade administration aids actually think this is sensible economic policy. While I know a tariffs bro personally and I appreciate him as a friend they know I think this approach is dubious.

You know it’s bad when even the king of outlier events Nassim Nicholas Taleb is fretting for Treasury Secretary Bessent. Who is at least qualified to manage the a massive currency crisis.

He probably gets that whether tarifs make or don’t make sense is irrelevant: any ABRUPT introduction of steep tariffs must lead to a CASCADING & GENERALIZED price action.”

We are damned if you do not because tariffs are the wrong tool for this moment (though most of them are) but because markets like predictable things and cascading price action everywhere makes us dizzy.

Rather like the drunks and the fools mentioned by Bismarck, we’d better hope providence provides in this topsy turvy moment.

Categories
Politics Preparedness

Day 1546 and Present Ephemera

I am backing off some of my “current thing” hyper vigilance for a moment. I need to shake off the noise and find my signal.

The band of possibilities is simply so wide that it feels pointless to react. Who you are will determine everything from here. You must go into the future based on your values. I must strip back to see myself clearly.

The complaints about our geopolitical moment (true and righteous as they may be) are set against a great power conflict that will play out over multiple decades of technological change.

It’s yet unwritten though I have some ambition that we can all play a part in the restructuring of a knowledge abundant world.

The trouble with accelerating into the turn is the sheer stress. We know we need change but how we achieve it is messy.

It seems in some areas we will take the low road. It is a reasonable worry that we are seeing all of the downsides of American choices while the upsides are harder to see. I feel as I’ve only seen the fears I’d had and the changes are made at great cost.

We fucked around and it is finding out season. The present is all ephemera. I need to hold it lightly. The stress it induces serves no purpose. It will pass. I will adapt.

Categories
Finance Startups

Day 1542 and Future Blind

I am confident in my capacity to judge directional trends over time. I’ve been doing it consistently for close to twenty years. I’ve made solid bets that outweigh the wrong calls.

But right now I feel lost. I feel blind to short and medium term outcomes. I don’t know what happens next or in what order.

I’ve got a lot of working theories about how we orient over the next decade or two but I’ve got low confidence on anything nearer.

Perhaps this is because I simply don’t want my near term predictions to be true. They are too depressing and too cynical and too heartless.

An essay from Venkatesh Rao today titled Low Roads to High Places emphasizes why.

If a necessary historical evolution can occur via a low road or a high road, it will almost always happen via the low road.

He notes the law of the low road may simply be a an emergent consequence of thermodynamics. Entropy being what it is the path of least resistance wins.

Or maybe, as Rao suggests, the low road is a corollary to Abraham Thomas’ principle that to call macro-trends correctly you have to have “boundless optimism about technology and bottomless cynicism about humans.”

I’m just not ready to have bottomless cynicism about humans though I have optimism about technology. It’s possible to change our consensus and narrative direction and we do so regularly. Vibe shifts happen once an hour these days

Abraham Thomas has a theory that venture investing is temporal arbitrage. We are front running narrative consensus.

That’s why we look like herd animals eventually no matter how contrarian the bet was at the start.

Because being optimistic about the material changes that technology can bring has been the road to success. But I can’t decide how cynical I am able to be about my fellow humans.

Categories
Finance Media Politics

Day 1539 and Institutional Trust

Continuing their exceptional data visualization work, the Financial Times shows how young Americans are losing trust in our institutions through a series of grim charts powered by Gallop polling. 

Gallop polling in the FT on young American’s trust

What a fun set of polling data on the day we have Tim Walz stomping around saying industry sucks. We have no future and the people who build just absolutely suck isn’t the best vibe from a vice presidential candidate. But it certainly seems to be a mood.

Why would anyone trust a system that proudly rolls out installment loans for food delivery aligned with payday schedules? The internet is making hay with the Klarna DoorDash partnership.

Decent people suggest we must protect the class of people so bad at math they would use this financial product. Well, actually…go a million nuanced credit understanders. Honestly I’ve never carried a credit card balance because I’m too afraid to do so. But some people yolo their consumption.

Abundance means we need to produce things. Which costs money. It’s hard to take say Ezra Klein’s Abundance tour too seriously when we make it impossible to finance housing but we can finance your burrito taxi. That’s not what anyone was hoping for when they gave all this power to our government. No wonder institutional trust is down.

Categories
Aesthetics Culture Politics

Day 1537 and Copy Cats

A friend of mine has managed a career as a tastemaker of the sort that hardly exists any longer. It’s hard to find a term that’s even appropriate without both identifying them and understating the power of their influence.

Influencing the direction of culture isn’t so much a job as a point of view with a paycheck. It used to be a bit simpler. We had a hierarchy of influence caped by physical realities.

Maybe your pastor or your employer influenced your daily culture. Even when I was younger it wasn’t much broader than your local news and what you could get at the library. Now we live in a mass market of influence.

Influencer, creator, journalist, editor, blogger, hell we even have Twitter accounts that move culture now. So it’s not surprising that it can be hard to keep track of who is truly influential and who is just popular.

Being heard out and being really listened to and considered are very different things. It’s a weird moment for taste. Especially culturally. We keep having vibe shifts. The people who are paid to make sense of it all are as clueless as the rest of us.

The only thing anyone can seem to agree on is that it’s all very chaotic. Which is a point of view with which I’m quite familiar. And naturally that unsettles me. Once everyone agrees on a cultural moment is exactly when the tastemakers look for something new and when the masses really come with the big bucks.

Categories
Culture Politics

Day 1533 and the Long View

One of the oddities of America’s tax system is how much it comparatively penalizes those who make a high salary over those who earn by investment gains.

I’m sure some neoliberal could give a polished argument about about marginal tax brackets but we absolutely hose high W2 earners relative to capital.

Maybe Americans aren’t so sophisticated about what this means but it seems folks got the gist of it. Older generations owning the S&P and their home found that to be a better investment than just working for a living.

The message seems to be if you have a salary at least try to be a partner in the company yeah? Thats how bankers, lawyers, and other professionals did it.

This is a very boom boom when it works and gets very ugly when it doesn’t.

I find it odious that we tax high earning labor. It stifles social mobility by keeping wealth out of reach of the professional class. The government decides how their money is invested. That makes it much harder to take the long view. Clearly the generation above us didn’t always do so.

Categories
Aesthetics Media

Day 1527 and Wayback Machine

I just finished watching the 8th season of Netflix’s mega reality TV hit Love is Blind.

It feels as if they produce a new America version every quarter but if that’s not enough content for you there are spinoffs in Sweden, Japan, Mexico, the United Kingdom and Argentina.

They shoot them roughly a year ahead of time. Which, in any other era in my lifetime, would have been fast turn around time. You could figure basic values would hold from year to year. But culture changes very rapidly now.

So reality tv that was shot even a year ago now makes for some very odd viewing as America’s politics and “current thing” are in constant flux.

February and March of 2024 did not have the vibe shift we are in now. I won’t spoiler it should you be considering the show but I will say it’s fascinating to see how much politics played into the women’s decisions.

Now maybe it’s because it’s the Minnesota season they felt they had to address certain topics in race relations after the summer of 2020.

But they also went to places on queer issues, religion and national politics that did absolutely nothing to make any situation better.

Looking back on one’s previous view of the world is not always pleasant. That we have a way back thanks to media makes for a strange continuity of views that probably do little to do with stuff of a happy love filled life. Perhaps a good reminder to not look too much to the past to decide your future. Or a reminder to focus on what never changes.

Categories
Internet Culture Media

Day 1514 and Informational Ravine

I hate to add fears that we will face a “dead internet” but increasingly we lack shared context in our online spaces. As context collapses so too does culture. Bad behavior proliferates.

Without shared values we cannot find purchase on the informational ravine of the open web. Competing narratives and interests buffet your mind as you try to sense-make your way into a firmer grip. It’s easy to slip and find yourself unsure of what is up or down.

The vibes are bad. People have entirely different interpretations when presented with something as innocuous as an email asking “what did you get done this week?” If you discuss a particularly contested space it quickly becomes a hostile information environment. Many retreat.

If you are tempted to argue with me about whether that action is in fact innocuous you have to wonder how far apart you and I are from each other as we try to climb through the great ravine to the other side.