Tag: Culture Wars

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Aesthetics Culture

Day 1907 and Blurred Velvet Glove in Their Iron Fist

I’m on what appears to be family spring break in Washington D.C. I have conferences and dinners and I think it’s lovely that everyone is doing their level best to get the county through the moment to a better end.

The cherry blossoms are in bloom, the weather is warm, and I am trying those trendy serum coral blush that are apparently in style. That’s code for every brand has a version and quality varies greatly. Also no one likes the millennial dewy white bitch. She is dead. So I must carry on with the a new look says Vogue.

The last 12 months have made clear that matte is definitely back, but it’s been rebranded a bit. Dry, cakey formulas have been swapped for ones that offer hydration while diffusing the look of pores and fine lines. The result is a velvet, satin, or cashmere effect that reads softly blurred.

Thanks Vogue! I am not entirely sure of what kind of events I’ll be attending this week but more than one is the sort of where you want to look up to the moment and polite.

So I’ve been playing with new foundations and lipsticks and putting on spring dresses. It’s a lovely way to spend time the first weekend of spring.

I do see a way forward if we can focus on the ingenuity of American people. We are the end beneficiaries of a host of technological innovations that we paid to produce. I see new kinds of ways we could use that compute in clever and intermediate ways. Maybe I’m an old cyberpunk but banks are now with us.

So I try to remember the changing of trends are are also changing realities of how we must remember the coalition to take compute and speech from Americans is doing everything it can by making you afraid.

It comes from a patrician sense and you want to question if it passes your shit test. I don’t think anything good comes from believing scare tactics. We’ve had a good example of long forecast expert doom being completely wrong.

Which is probably why there are still magazines at all, if life were changing so sharply maybe we would still have a Vogue to tell tell us that it’s nice to have a smart sharp gloss that blurs to matte.

And it’s nice to have a Sunday with blousy colorful dress with the perfect handbag. It’s just a nice spring day in any city. This one is just right on time. Montana might take a little longer to get to spring dresses.

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Community Internet Culture Politics

Day 1903 and Ranting About Bentham

The tyranny of small differences can be the most vicious. I love vendettas in fashion and venture as they are connoisseurs of grievance.

Small communities with insular structures simmer embittered for years. You always know where someone, who is otherwise quite close to you, has committed a venal sin which cannot be forgiven.

But many times these small differences are actually the stuff of the breach. Once crossed you can never return. The opening cannot be closed without a great sacrifice. And these sacrifices are your character.

I am as well versed in the ridiculous schisms of my own affinity groups. As libertarians I’ll go on about the Cato libertarians, I’ll support my an-caps but I I’ll blood feud with the rest.

I feel this way about rationalists and the way they have introduced utilitarianism to Silicon Valley. And I want to be sympathetic here because there are aspects of effective altruism that are perfectly reasonable at first. I like prudent spending and reducing suffering with effective allocation.

But utilitarianism, taken to its end, has issues that anyone who has read Jeremy Bentham has to grapple with. The means do not justify the ends. We are all struggling with the horrors of the problems this creates in a modern society.

I saw the value of the manufactured meme campaign of effective acceleration as it oddly ended up dragging us to the middle. That was the intention and it achieved it. One can have many disagreements in the details.

However I do not think that political actors as far apart as Steve Bannon and MIRI agree on anything philosophically except “we want control over artificial intelligence so the people who are lesser than me can have no say.”

I cannot see how opposing forms of populist control can travel together without fear for character.

Everyone tries to be agreeable right up until coercive violence from Leviathan is required. And I guess some of you don’t think too hard about hard power huh?

I happen to find the request to have so much control over your fellow Americans to be an offensive view.

You think so little of the citizens of your own country when our core constitutional values require us to have so much more responsibility for ourselves?

I do think it is actually a moderate viewpoint that I believe in all of us. I believe in Americans no matter how stupid we can be. Remember that whole being a libertarian thing. I think personal responsibility requires more and Americans have delivered more despite our many failures.

I recognize that my personal stance here is not the final stance, especially as something of an outlier but because we have checks and balances, I know my involved citizenship demands that I declare where I stand.

Which is why the right to compute law that Montana adopted was a largely uncontroversial and popular when it was a bill. Before politics got involved, regular citizens, who were not whipped into a froth or frenzy, could understand that participating in the digital economy is crucial to living in the modern world.

It impacts our first, second, and fourth amendment rights directly because it demands we answer questions about property.

The wider existential issues on artificial intelligence do not get to be more important than our existing jurisprudence nor the opinions of our citizens.

The way we legislate and the value of our system of government, both state and federal, have a part to play. It’s funny the libertarian is making this argument I know, but it is a good revealed values exercise. Don’t get trapped by charlatans who have already declared that the ends justify the means. We both know they don’t.

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Culture Internet Culture

Day 1902 and Cynical Victories for Hollow Lies

I know it’s sweet bordering on stupid to engage in good faith when it comes to politics, but maybe I’ve grown soft in my old age. I really do believe that Americans are capable of building wide coalitions in a pluralistic society.

Call me naive but most Americans, even most humans, have more to bind us together than to break as apart. We are social animals even the most introverted of us.

So I hate seeing groups who share common values fall apart over schismatic propaganda pieced together explicitly to worsen your weaknesses and widen your vulnerabilities till you are both tied to horrors you’d never have condoned.

The trouble with Utilitarians is they say up front that the ends justify the means. Thats your starting baseline. Which is at least clean. Then the Machiavellian’s say it’s alright to obfuscate. The noble lie and all. And then suddenly the enemy is inside your gates and you are being gutted.

This is roughly what is occurring between Bannon-world who hates technology so much they have accidentally teamed up with a gaggle of one world government rationalists to…use zoning rules to save the world from…industrial parks with rack servers?

I know it doesn’t sound very sinister but everyone involved is sure the anti-Christ is going to be involved. Peter Thiel is in Rome giving lectures so the buggy man has involved.

Folks must enjoy being useful idiots as it’s strange to me to think you might align with people you loathe just to fuck up the other team. The goal is flourishing for all no? You came at me and my boys for whom all I wish is flourishing.

Which is funny as I was always under the impression that end times eschatology required the Antichrist to be quite well liked. Everyone involved in this is universally despised.

I guess if you are certain that you are in danger of being stomped out by an evil, and believe any of your actions are justified by this premise, you may as well embrace all kinds of evil.

But you do have the options of not using millenarian tactics to scare the shire. Hobbits are brave or so said the neomonarchist who can’t tweet. But I won’t forget people who threw me over for propaganda they were too dim to understand or cynical enough to believe no one else would.

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Aesthetics Politics Startups

Day 1898 and Please Copy Our Homework

Today has been a very gratifying day for a very strange intersecting set of reasons. You may know that I have spent several years working to pass a “right to compute” law in Montana. It was signed into law in August of 2025 by Governor Gianforte.

I was so grateful that a campaign I initiated became not only become a bipartisan policy but a law supported by many Montana citizens & legislators. Now to see it go national not only model policy for the American Legislative Exchange Council but now have a second state, New Hampshire, pass it in their house, gives me indescribable joy.

Just forty eight more states to go. Though I believe it’s going to be an uphill climb as the topic of artificial intelligence has well and truly become politicized which makes stating simple cases of shared values much harder.

Except this isn’t really about artificial intelligence. Compute is a much broader and bigger thing than AI. It’s the stuff of the modern world. But that doesn’t mean we can’t apply what we know to be core American values as the lens through which we see it. Indeed it’s crucial we do.

Last year people could easily see that this was a sensible law that reflected our American values. Because of this sensible approach “the right to compute” is a winning coalition. It was bipartisan. So naturally it became a culture war.

I urge you not to adopt that frame. The right to compute speaks to American’s most cherished beliefs. Recognizing that it is not a novel legal theory. It is the application of the Constitution’s oldest commitments—to expression, to property, to liberty against government coercion

Even if you do not understand how all of its parts work, most understand that the entire digital world, in its constituent parts, is mathematics executed on physical hardware.

When government restricts computation, it does not merely regulate an industry. It restricts the tools through which people think, express themselves, and make use of their own property. Through that lens it’s clear we as Americans decide ourselves how to use it.

I hope we can remember this as the world changes and political actors look to change your mind. I do expect this to become a very complicated and uncomfortable position to have staked out.

Yet I feel confident that we will be able to make the case that this is not only the most American way of handling our future challenges, but is also practically the best way to bring abundance in a chaotic world. America is a land of reinvention that changes material conditions. We need not seek doom.

I believe that I have articulated that vision over the last five years of writing and investing so you can see my revealed preferences. I called our fund chaotic.capital for a reason. It’s hard, weird, difficult and scary but it’s also possible to be a lot better in the digital world such that we can use those gains to make the material world better. We can be more than productive primates with jobs

From nuclear energy to compute, this is what I believe and where I have put my time and money. We are organizing our world of atoms through the power of compute. And that can bring about a materially better world for everyone. Which I want.

I have been thrilled to see so many different people come together around the basic premise that we are empowered to do things.

We can lean in to the accelerating changes, all while holding fast to the reins of the values that built America, so that we may steer ourselves to material success.

Travis Kalanick of Uber may be among the best founders to have ever played the venture startup game. Today he has espoused our thesis & reinforced the work of my friends & founders. To see a cultural program written by a big coalition be part of his return to startup life (though he was never gone) is validating. We’ve found a rallying call.

The way forward is through the application of math on real problems. We can dramatically reimagine outcomes and the pace at which we do it. It’s scary and will look different but our grandparents lived through a lot of change too. Their grandparents as well. It’s the human condition.

I believe all of this is grounded in a philosophical foundation that is a recommitment to America’s core constitutional values. We are free to make things. And sometimes, when we apply ourselves, the world really does change.

If you are a canny socialist thinking look at this useful idiot for capital, I am honestly surprised that dialectical materialism has become so disliked by its own movement. If states with conservative libertarians can see that culture only changes when material conditions improve why don’t you want to improve them? Please feel free to copy our work as we have studied yours. You can find model policy here.

Categories
Aesthetics Politics Travel

Day 1891 and So Much for Santorini or Status Hierarchies for Abundant Ages

If you watch me closely (which would be weird but I make it easy enough) you have surely noticed I spend much of my life traveling.

I’ve got no training in psychology but it sure seems like a certain personality type takes their childhood traumas and does exposure therapy till it becomes enjoyable.

I had intended for another trip to the general Mediterranean area in the spring to see family and work undisturbed by the American media timezone distractions. Now I am unsure if that will be feasible.

I am guessing that the sort of people who go to Sicily, Santorini and Cyprus to soak up the sun may find this Iranian conflict putting a wrench in their island hopping. Where will they go instead? Cartel wars bleed into the Caribbean and Bitcoin zillionaires setting up economic zones might make other things tricky. And oh the fuel costs will be ruinous.

War certainly makes me reconsider standard air bus style flying near any seas that connect to conflict areas but not too long ago I sat in a Turkish airport where “final boarding for Damascus” went over the loud speaker so maybe I’m making too much of it. Though I’m glad I enjoyed Istanbul over the winter as anything bordering Iran is now unnecessary risk.

For a world where speculative fiction bull case for artificial intelligence wiped off billions in market capitalization, we sure aren’t taking very seriously the kinetic effects of extreme uncertainty and change. Well, ironically maybe Pete Hegseth might be.

If we do make it through the Jackpot to the other side of the singularity, or just through this regional war situation, I would bet humans will find ourselves getting back to status hierarchies and power games.

If all our consumption needs are met, there will always be hierarchies. Wait your best friend summers in Block Island too? Or are those the Finnish slides from the Comme des Garçons show? Let me just call up “insert social scene’s patron billionaire” as everyone is headed to Big Sky for fresh powder this weekend.

It’s endlessly that sort of thing if you are inclined towards Bourdieu’s Distinction: a social critique of the judgment of taste. If class predicts taste then we mimic the taste we think we ought to have to be a certain kind of person. I came across a sweet hand illustrated essay on the matter recently.

If we can have anything we like, then taste becomes finer and finer grained. The rich know this already and the rest of us just might find out if we survive to an abundance era. And as I’d like to do that maybe I be reconsidering heading out to sea. Caribbean, Ionian, Bosphorus or otherwise.

Categories
Aesthetics Culture

Day 1881 and Attemplate

I’ve wandered far from the traditional life paths that might have recognizable to past generations of my kin.

It scares me. Any time I contemplate the change I have already experienced, I imagine how much more change I can expect to see.

How are we supposed to raise children, mentor young leaders or align artificial intelligence with the good, the true and the beautiful when we adult humans have experienced life so far from past ideals?

So I’ve been toying with a portmanteau blending attempt and template to express the idea of “an experimental framework” or “proto-template for living, learning, or skill-building.” I need templates to help me attempt to adapt while retaining my humanity.

We will all be re-skilling, re-learning, and re-engaging with our values and as I try to structure templates that help me walk a life and prototype styles that might work for myself and others.

I hoped to communicate both clarity and flexibility with the choice. We are building good ways of being in a world of rapid change. Templates must change and we must always be attempting to learn and adapt.

I liked that attemplate sounds like a natural word you felt like you may have already encountered. It does a nice job of mirroring the thoughtfulness of contemplate. A template for a new era which will be attempt to build, even if the foundations we thought were firm in the past give way to much broader ways of being.

I played with “attempate” which sounds procedural (almost bureaucratic) as if one would take a sheet of paper with an assigned attempate to fill out and live. Why yes, I took the project management attempate sheet to see if I had natural aptitude for detail work.

“Temptlate” sounded engineered. Maybe it would be suitable name for an internal tool or concept document. We will add that to the family Temptlate and see who bites on it for Saturday plans. It’s cute, playful and almost experimental, but not entirely as serious as the scaffolding one hopes to build upstairs n.

Maybe I’m the only one who feels like I lost decade between Trump Derangement Era through Pandemic Biden Gramsci End of March Institutional Capture.

What I thought was true slammed into things I wished were not. And then we fought years of anarcho-tyranny as the state refused to budge even if you attempted to follow its templates.

So here I am trying to find new ways of being for myself, for the future, and for my present. Maybe it’s entirely selfish. Templates for how to live are the anchors from which we used to build religion and power.

We’ve stripped much of the meat from life and turned past ideals into brands and merchandised them into outfits and starter packs. But it’s worth an attempt don’t you think?

Categories
Aesthetics Finance Internet Culture

Day 1880 and the Global Intelligence Crisis Kerfuffle

“It’s not a prediction” he said. It’s just a hypothetical possible reality. I believe we used to call that fiction. A science fiction short story wrapped in a macroeconomic essay written by Citrini Research hit the algorithms like a bomb Markets lapped it up like beasts who’d been lost in a barren desert for weeks. Liquidity!

Remember in 2023 when when Sam Altman said that we’d have superhuman persuasion before we had artificial general intelligence?

Citrini is capable of super human persuasion before AI reached super human general intelligence and it has been strange.

As the market sell off was playing out, a flood of “Contra Citrini” essays emerged immediately from players as varied as Joe Wiesenthal John Loeber, Will Manidis, even proper economists like Alex Imas. The co-author Alap Shah went onto TBPN. Fun fact he was Sheel Mohnot’s roommate in college.

I am unclear if white collar workers are in a frenzy about are doing their existing jobs or if they have even noticed the danger. As a real time update from a fellow investor had us both laughing. An intern couldn’t manage a basic research task. The intern asked them how to get to the Founders Fund’s website.

We may need the bull case for AI, as the bear case for white collar workers acquiring any intelligence in their education process is rather unconvincing.

For some reason “how do I get to the founders fund website” started me singing an old tune sung by Dionne Warwick “Do you know the way to San Jose?”

Do you know the way to San Jose?
I’ve been away so long
I may go wrong and lose my way
Do you know the way to San Jose?
I’m going back to find some peace of mind in San Jose

LA is a great big freeway
Put a hundred down and buy a car
In a week, maybe two, they’ll make you a star


Weeks turn into years, how quick they pass
And all the stars that never were
Are parking cars and pumping gas

Do You Know The Way To San Jose?

The song was used in another completely different “science fiction story goes viral”context. Maybe it’s in my mind as automated virology lab unleashing apocalypse, is a AI doomer staple also recently in the discourse.

Do you know the way to San Jose? Or if Helix is available for download.

In an SyFy channel show from 2014 called Helix, which follows an Arctic research station where research on viruses goes horribly wrong. It used the Burt Bacharach & Hal David song “Do You Know the Way to San Jose” as an unsettling musical motif and clue to resolving the mystery. Unsettling California music has my ear this week.

In 1968 you could return to San Jose from Los Angeles and start a relatively normal life as one of the stars who never made it. Pumping gas and parking cars. If we get too close to the sun of artificial intelligence success we don’t have a San Jose to run to. You can’t get away there as it’s filled with just the part of technology folks peddling dreams as unrealistic as the ones down in Hollywood.

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Aesthetics Culture Politics

Day 1876 and Phantom Futures Past

It’s just clear that some people are enabled to bigger, better and faster output thanks to rapidly advancing tools coming from the foundation model companies.

Will Manidis is on hot streak of essay writing (aided by artificial intelligence in the best way) and has produced thought provoking writing at a great clip. I love nothing more than seeing an exited founder feel free to express their views at their fullest. I’ve written about his essays in the past and suggest following him.

Today he wrote about visiting Oman and his reflections on its transition to a modern state by a singular leader choosing a third way way of building rather the binary choices other nations seem to have made between of annihilating the past for the future or total preservation of a way of life that no longer functions.

“I left with an unsettling feeling that I had seen a vision of the future that I wasn’t supposed to see. A country that had gotten extraordinarily wealthy but stayed coherent to its pre-industrial identity—a country that didn’t turn into a museum, didn’t paralyze itself in amber, but became a modern, functioning, wealthy nation that did not feel like it had been strip-mined of itself by the money.

In the West, we really have convinced ourselves there are only two options for our post-economic future. You can be Shenzhen or you can be Athens. … Shenzhen is the city that chose money over place so completely that it deleted itself.

…Athens is the opposite failure, and I say this as someone who is at least Greek enough that I feel like I won’t offend anyone. Athens chose place over money so totally that the city itself is a mausoleum”

A photo from Will’s tweet essay on visiting Oman

I don’t know much about Oman and I make no claims to understanding its politics or histories but I too think about what we lose without a sense of place but am also fascinated by the liminal zones of the hyper future set against a past we are actively forgetting. And no nation is immune from this process.

I do however have two books to recommend if the topic of place, continuity and the future interests you. One is a work of fiction and one a photography compendium whose forward was written by my favorite author.

Photographer Greg Girard’s work documents Asian cities in transition, especially Shanghai and Kowloon, was closely associated with William Gibson, who wrote the foreword to Girard’s book Phantom Shanghai. Gibson is the father of cyperpunk. And I contend that his near future fiction gets quite a bit right about how close the dark past is to almost arrived future. These images were shot in 2007 and yet the outlines of the super cities was already energy

One of Girad’s photographs Phantom Shanghai

The other book is a work of alternative historical fiction in the vein of Philip K. Dick’s Man in the High Castle called American War by Omar El Ak. It is premised on an inverted or “reversed” 9/11/War‑on‑Terror in which American bombed a thriving Dubai.

The premise follows a protagonist’ traumatic life as a a radicalized agent of terror preyed on by different foreign influences living in a refuge camp in what was once Georgia.

It rhymes with both Will’s essay and with William Gibson for me. In a review of the book, they quote Faulkner “the past is never dead. It’s not even past.” And as these examples all show us, cyperpunk was born in Some Dark Holler

Categories
Aesthetics Culture Travel

Day 1872 and ‘bout to take my lady to Selfridges

Ahhh how I missed London. I miss it in the same way I miss Hong Kong and even Frankfurt. So many cities are no longer places for Americans. I need nowhere else to go mind you, my edge of the American empire will be flooded soon enough, it’s just that I miss being welcomed.

It’s just I’d gotten used to the freedom of our constitutional rights seemingly applying everywhere. Team America was an ok joke by true sons of the mountain west libertarian in South Park’s Matt and Trey. Now it seems like a drop out attitude of Gen X. I am still on Team America.

The end of the liberal world order, much ballyhooed by the WEF set, has me getting prepared to be seen as the enemy. It is even time to get used to being called fascists. I’m sure Nazi won’t be far off as the Germans must always take everything too far. Ironic no?

I fear if I don’t prepare to be truly sovereign, I may face a day as a refuge in the future if Americans can’t pull off its renaissance. Though I work hard toward that end.

I’ve done what I can to invest in the young entrepreneurs of the new era, and in the great state of Montana in particular, but victory is more article of faith than assured outcome.

The Munich Security Conference is, as it ever was, a flurry of events but now Marco Rubio is singing a love song to our birth continent. As if papering over the past year of slights and jabs is enough but it is the best a neoconservative in disguise can manage.

And so I had a layover in Heathrow and I saw the flavors of what is to come. And somehow that Prada song was on repeat everywhere I went.

London is still for the globalists, even if you are not a member of what William Gibson called the klept. As in kleptocracy. The Jackpot is here.

Reindustrialize they say, but look what happened to British Empire. The sun never sets? The sun barely rises on it now, and we’ve lost them to the unforeseen consequences of the generational contractual breach.

Add in the inflows of the commonwealth deciding the island will always be a destination for the 1% and London is a pricy place.

And so I think should I go to Selfridges as the song says? The Duty Free shops that makes up Heathrow hasn’t made a deal with them but I’ve got all the luxury options and high streeet choices at my disposal.

I was once deep in the world of travel retail and I bet you can guess who owns the biggest player in Heathrow. No not Arnault. It is, as you might expect, a competing regional power who certainly wishes non-doms weren’t facing wealth taxes in London. They are good to do business with incidentally.

And so I hear, over and over again, past seasons hits and remixes and think London might be the virtual world of Malthusian post Jackpot imaginings of the Cyperpunk progenitor. And we shall compete for clout and status in the same ways as always.

[Young Adz:]

Bout to take my lady Selfridges
New drip on the way, uh-huh
Rap nigga still sellin’ bricks
Half a cake on the way, uh-huh
Take a flight, she wanna take a Lyft
Phone the molly man, he’s on the way, uh-huh
I might take her The Shard, I might take her The Ritz
It don’t matter, baby, I’m straight, uh-huh

[RAYE:]
I feel like I’m in Prince’s house
Purple paint all on the walls, uh-huh
Sittin’ down on this fancy couch
And I can’t see straight, I’m a state, uh-huh
Twenty-two, I’m in Paris, baby
Got strippers tits in my face, uh-huh
Pull up in a Bentley, I want Christian, I want Fendi

I want Prada, ah-ah, ah-ah
Ooh-ooh, ooh-ooh-ooh
I already make that paper, I don’t need to chase no clout, wow
I don’t usually pipe up, but I don’t like how you runnin’ your mouth, wow
I already make that paper, I don’t need to chase no clout, wow

I already made that paper and I don’t need to chase no clout so now what?

I’m like George Clooney stuck in the liminal window of Heathrow for a brief moment. I am not of the country (I spent $22 to register myself with their visa mobile app as I sat in a purple corridor trying to input my biometric) so it feels all wrong.

I’m not exactly out of their control until I leave their airspace. But how much longer do any of these Anglophone countries have left?

I’m a dark Swede of dubious stock and many generations of me and mine adjusted to the Weberian Protestant work ethic. I don’t want Prada but I did enjoy working for them as a client.

Categories
Politics

Day 1867 and Rage Against What Exactly

I feel a struggle to continue this writing experiment. I feel a struggle to continue on at all in a public fashion online as the world is refolded and restructured around us.

I am just so tired and I fear an early death as the life and treasure of my generation is squandered on the perpetuation of systems that no longer work. I was texting with my mother about her husband’s third knee surgery (ain’t Medicare great) as enormous protest raged outside my window. I am in the capital of a European nation where this is quite common.

This is the third large demonstration in the space of three weeks for an opposition party that is mostly made up of technocratic stooges trying to hide the sins of wars no one remembers except those who deployed in them. I happen to know people who did deploy in them or I certainly wouldn’t know that the opposition is made up of the siblings, children and social circle of a former dictator.

Every time they protest the roads are blocked and then it gets out of hand. Water canons are set on the fires the protestors set and then tear gas is thrown out and no one can get through the city center. I assume this is some flavor of controlled opposition as America and the EU both support the existing government.

This time there were drones above the entire affair and much of the rally seemed to be music that was a mix of Catholic liturgy and electronic dance music. A famous priest DJ performed in the city over the weekend so maybe it was him. Who knows.

Nothing is weirder than hearing O Fortuna played over riot dispersal water cannons. We don’t have that kind of cinematic drama in American protests. Honestly everyone here seems sick of it. Most of all the hotel staff and the diplomats that live in it.

I watched it unfold from a vestibule with a Ukrainian woman who said she hoped I’d stay safe. I told her I wasn’t worried as I’ve seen this before.

She was understandably more concerned than I was being a refuge in a country that no one would have thought would be more stable than Ukraine a generation ago. Socialists holding off nationalists is not a terribly equilibrium if you can afford it. America can’t but it seems plenty of Europe still can.