Tag: Democracy

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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.

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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.

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Emotional Work

Day 1530 and Pandemic Anniversary

March 11 2020 was the day the World Health Organization declared Covid-19 to be a pandemic. It’s been five years since we had our once in a century pandemic that changed everything. Honestly it feels like it just happened.

You can quibble a bit on the start (right there in the name alluding to its discovery in 2019) but this second of March the week where America finally started changing behaviors. Within two weeks we’d have the infamous “flatten the curve” discussion. What a shitshow those early days were.

The pandemic changed a lot of people’s lives. The New York Times has a feature with 30 charts about how the world is different that I found interesting.

My life changed in a lot of ways that are probably recognizable to other Americans. My already digital life became how business was done. I moved back home. I rethought my relationship with institutional trust.

We lived in New York when we were locked down. Alex and I didn’t leave our one bedroom apartment for three months except to go to the CVS.

Coincidentally we’d been in the middle of our landlord trying to evict us for filing a complaint with the department of buildings over broken elevators. That got stopped. As soon as it seemed safe to leave city we rented an Airbnb in the Hudson Valley. The next week protests broke out. We had lived above City Hall so we got very lucky.

Figuring out where to land and the shape of our lives was a process. The Airbnb phase felt stressful as the summer ended and the urge for permanency felt overwhelming. We signed a lease site unseen for a townhouse in my hometown of Boulder Colorado.

Much of the rest of these past five years have been subsequently documented here on this blog. We found our way to Montana. A lot happened in those intervening years. None of it felt like it happened very fast. And yet here we are.

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Politics

Day 1526 and PE Owned Rump State

I’ve been trying to not explicitly discuss politics for a couple weeks as it’s hard to have any sense of consensus reality. I spend a lot of time on Twitter as well as reading news. It’s only served to further muddle my mind. I’ve regularly discuss the hostile information environment.

Given the chaotic scene it feels both foolish and necessary to send up signals to others. Venkatesh Rao has me considering cross publishing more of my general rambles to Substack. Especially as other channels become more hostile.

Rao leaves fantastic little notes like the below on whether Americans should prepare for a private equity owned rump state. A thought experiment which feels less far fetched than usual.

Just chagrined bewilderment and embarrassment and private-equity-owned rump state services shambolic-debacling along (ht Bruce Sterling for that turn of phrase). Whimpers over bangs.

As state capacity declines and social cohesion degrades it wouldn’t surprise me if the new institutional powers we trust most are corporations. Imagine Americans in twenty years as scarce but almost mythic progenitors of a corporate governance future.

Sure America may still be a nation state in that future but a United States of corporate charters isn’t all that far off from our original conception. No really check out the Virginia Company.

Categories
Media Politics

Day 1512 and Thumbs Down

It’s been a bad month for me. It seems like a bad month in general. But that’s February for you right? It’s a thumbs down kind of month. I’ve enjoyed the nonstop snow but we’ve finally gone above freezing.

Icicles

As the sun melts down our power into icicles I’ll try not to dwell on the negatives.

Reading

The Brussels Effect or Denialism in Europe

Are you a Frankfurt School student? I certainly am. If you are, you may find John Ganz’s review of Alex Karp’s new book The Technological Republic to be an amusing read. His Substack also has some gems including this imagine of Adorno which I intend to use everywhere.

Theodor W. Adorno giving a thumbs down

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Chronic Disease Media

Day 1509 and Wrapping My Arms Around The Problem

I am seeing some progress in my various home and health projects. I’ve been doing my best to remain optimistic even though I was not feeling well and the sheer amount of changes required was intimidating. But I’m seeing low progress.

An industrial hygienist is coming to do an arm test tomorrow on our basement as well as the rest of the house to confirm the extent of our mold problems. Our hope is that it’s contained to the bathroom in the basement.

If we have to do a bathroom remediation that presents an opportunity to do some renovations. While exciting that is also introducing more risk. But you can’t waste a crisis right?

Stuff I Read

The Agent Problem

CoinDesk reporting on the Libra scandal in Argentina

Politico: Voters Were Right About The Economy

Epsilon Theory “It Was Never Going to Be Me”

Categories
Media Politics

Day 1496 and Maneuver Warfare

One of my Twitter friends John Konrad is a merchant marine captain and the owner of trade publication called Maritime News. I’m a nerd for a dozen different topics in his areas of expertise so I enjoy his perspective.

I’ve discussed my own theories of media like Thursday Styles Problem. Experienced media professionals know how narratives will play.

John has a long thread on how the media ecosystem creates and digests a news cycle and he mirrors a similar military command process.

I am called in as a subject matter expert so I found his specificity in reconstructing this process to ring true to my experience.

There is no media agenda as imagined in conspiracy theories. There is simply a consensus that emerges on what is happening and why. That consensus is malleable to certain incentives, which means it can be changed to fit different desired outcomes.

John discusses using maneuver warfare as the means of surviving in over saturated information environment. You must be prepared to intake and act on information to stay ahead. Close loops of information and action. What can look like chaos is actually swift well prepared action. Being in motion is the advantage.

And if it looks like we are in pitched battle over raw power it’s probably because we are seeing growing concern over the America’s debt, monetary policy and inflation, and the changes required for us to continue as a nation.

Eisenhower himself warned of the dangers in a private and public economy being intertwined. Plenty of Americans concerned about their future might reasonably wonder how it works and if we could improve it.

I’d hope no one wants to destroy an institution if it could be reformed. The future of how we use our existing American institutional power and how we decide who it serves seems salient to all of us. No wonder it feels like war trying to keep up.

Categories
Medical Politics

Day 1495 and Respiratory Training & Divide and Conquer

I’ve been involved in a few conversations about how some startups (alas deemed the Tech Right) have found themselves aligned with a very unexpected coalition of people.

Whatever is happening it looks like a coalition of people who have lost institutional trust in the American ruling class has emerged as the majority. And naturally there is a lot of tension in the big tent as many of us have sincere reservations about the Trump administration.

The Biden era of Chokepoint 2.0 and censorship policies, a hostile M&A position, and threats to tax unrealized capital gains have left “little tech” from crypto to artificial intelligence to Figma employees fearful.

I am concerned that propaganda being what it is has manynarratives designed to weaken the resolve of this Americans majority.

In other topics, I am trying a Pr02 device to work on respiratory strength. It has shown promise in improving your V02 max by training your respiratory pressure through inspiratory muscle training. So I’ll be playing around with that as I’ve got 8 weeks of regular use before improvements show.

Categories
Media Politics

Day 1494 and Back to Chaos

The Zoomers have so little institutional memory. They don’t remember the first Trump administration. Imagine having no memory of the pitched battles of institution versus ego. I envy them.

The Zoomers I talk to seem to have some memory of a good boom year but then their memories are strongly colored by the many traumas of the panic. Persistent online worlds with a global shutdown didn’t do right by them.

Now that we are back to the chaos of a Trump presidency I have no fond simulated idea of nostalgia for Trump for myself.

In 2016 our politics broke my assessment of what was possible and I did not like where the chaos would lead. I definitely could not predicted how much my own position on issues would change though. I still don’t know the best path but I have ironically opened my eyes to the scale of the issue. They used to call that being “woke” but like the term a lot has changed.

Categories
Media Politics Preparedness

Day 1492 and The Blob in The West

I am unsure how to feel about some of the shock and awe tactics being used in American politics. Well, it’s happening globally but I care more about how it happens here.

Being from the American West, and in particular being a townie of one of the land grant university towns, I have found we have two orientations to federal power in “real America” that can be contradictory.

There is extreme skepticism of how Washington inserts itself into everything fron local land issues to education & regulatory policy. Taylor Sheridan has made a whole cinematic universe out of these issues. The West doesn’t want the long arm of the law reaching onto our land.

But the West also has its own power base. We are tied to the wider industrial and defense power run by the blob by supplying manpower and resources. Land grant universities like CU-Boulder have trained a cadre of science and engineering workers who run important programs like NIST and NOAA.

Federal scientists and their work runs everything from the atomic clock to tide reports. This doesn’t even account for the Air Force Academy and Cheyenne Mountain. The military industrial complex and its funding of the sciences is well integrated into the American west.

It makes for some interesting politics as the land grant towns. They owe some of their wealth and economic base to the training delivered by a university system that is local and regionally powerful.

And yet funding for its surrounding apparatus relies on a complex set of funding arrangements from the Blob from science grants to defense contacts.

If the money is under threat I’d expect regular people are going to have a bumpy ride. And systems will certainly break. Maybe all the burbling in the Blob as it recognizes this threat an opportunity for the western states to assert their own independence. That is a more optimistic outcome than many expect.