Tag: Elite

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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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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
Finance

Day 1529 and The Detoxing Economy

Do you recall the first time you heard the term detox? If you were a hippie kid I’d bet you grew up with it. If you were a striver maybe it arrived in your email inbox with Gwyneth Paltrow’s Goop.

Or if you are a banker, maybe Scott Bessent introduced you to the term just this week. Which tbh I wouldn’t entirely believe as the entire dating pool for the professional upper middle class is obsessed with wellness.

“The market and the economy have just become hooked. We’ve become addicted to this government spending, and there’s going to be a detox period,”

Scott Bessent at the New York Economic Club March 6th 2025

Hippies and anxious white women usually use detox as a kind of catch all for methods of various efficacy for flushing out unwelcome…toxins. Being specific can make you sound like a loony tune.

Turns the same logic can be applied to economic and fiscal policy. If you get too far into monetary policy and the Federal Reserve you too will sound like a loony tune.

But it’s hard not to be persuaded by those who rightly point out that America has been printing money and that has downstream effects.

Many an empire has fallen for debasing its currency. Something I am sure a man like Bessent understands. It’s not so much a pleasant white girl cleanse but managing through opioid addiction. Which isn’t an encouraging metaphor.

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Culture Politics

Day 1523 and Do Not Disturb

It is in the nature of dysfunction to misuse resources. Something goes wrong and a system that once grew or self sustained finds itself in decline.

What to do? One can apply palliative care certainly. But you can go to the root of a problem and hope systems can be righted by bitter medicine.

I’ve had some degree of measured doom about topics like debt and monetary policy my whole life. I grew up with concerns of peak oil which turned to climate change. There is always a new crisis anytime we find ways to be resource constrained.

But we are resource constrained. That’s just a variable to be accounted for in the engineering of a solution. I care about energy. I mean it in the abstract as in fuel. But I also mean the energy I control.

I don’t have to expend expensive attention for all problems. Maybe becoming “do not disturb” is a scarcity mindset. But sometimes the poison is in the dose. And I want to keep pushing for better.

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Emotional Work Politics

Day 1507 and Apocalypse Narcissism

I’ve been very wrapped up in my own problems of late. I have plenty of good reasons to be focused inward. When you feel as if you are fighting for survival, physical or otherwise, you can’t see anything else.

As I’ve looked up from my issues, I am seeing countless others caught in their own reactive spirals. Many of them are even directionally correct in their diagnosis of the problems facing them and the world as we know it.

The apocalyptic bent is especially strong in America at the moment. From politics to artificial intelligence to cultural wars, Americans are on the edge of change.

If your world is ending you probably can’t see beyond the horizon of the issues bringing about its end. Your view is myopic. Let’s call this phenomenon “apocalypse narcissism.”

It’s understandable to be wrapped up in fear when faced with all kinds of mortality. Your life, your nation, your culture, your planet and even your species all face world ending questions at some point. Sometimes change is so great we can’t see it as anything but death. Even if something better rises from the ashes.

Categories
Culture Media

Day 1505 and Warping Reality

We are all avoiding reality to some measure. Be grateful that our egos can cushion the horrors of the world at all. I’m unsure how removed one can be from reality anymore but as an American I’ll probably one of the last to find out.

Rationalist and all-around Twitter in-group personality Aella went on a podcast called “whatever” which I’d wrongly believed was a marketing funnel for OnlyFans creators.

It turns out the host is some sort of debater Christian and this is a popular podcast for feeling better about the state of the gender wars. In some of the ensuing debate Kim Ono (I’ve lost the link) said something very insightful.

The whole business model is warping reality to comfort the fearful

Whether it is dim men dunking on sex workers, panicked liberal women on MSNBC, or Fox Blondes screaming at Boomers, our entire media environment is about making sure you can’t see what’s real while simultaneously pandering that your fear is justified. Nervous systems be damned!

I find reality to be plenty terrifying but I try to avoid needing my own version of reality to cope with it. Not to say I don’t have my own biases and priors (and I’ve written about them at left) but the world is such a jumble at the moment I very much need to confidently act in the face of warped realities.

Categories
Media Politics

Day 1498 and Reformation

When things get noisy on our global commons it’s good to step back. I live in elder millennial neighborhood that is American Twitter which is a bustling place. I still manage that “by hand” as it were.

I spend time on forums and Discords but increasingly my interactions within the commons has some kind of artificial intelligence layer between me and “the noise” as the slop drowns out. What to believe and how to keep it updated to reality?

An informational reformation is part of what you could see as a wider political elite power struggle. The uni-party of Washington Consensus and prestige media are not containing the rebel information hordes at bay. Consensus is at risk. Zoomers are learning the Treasury doesn’t control the Fed. Welcome to the audit kids.

The centralized narrative window of a top editorial page or an interview on Bloomberg remains the bounds of propriety for now.

But it’s going to get weirder. Many a teenage hacker with fighting words on Discord servers is likely to be sacrificed in this war of elites as permanent Washington fends off the populist revolt. It just happens to be that some hackers under the banner of Musk are in this coalition. Crusades probably always involve baroque racism.

With all of that as background I started watching Wolf Hall which is a BBC Drama with Damien Lewis as Henry VIII and Claire Foy as Ann Boleyn. What could be more relevant than a time when an elite decided he should decide his own fate and not the Holy Roman Emperor.

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
Chronic Disease Politics

Day 1490 and Healthcare’s Sin Eaters

I went to see a rheumatologist today. I had the baffling experience of them wanting to actually get to know me. Which was surprisingly unhelpful in the moment but really nails vibe we’ve got with healthcare in America.

I kvetched on Twitter that I spent my week defending hot girls and open source software while I deride Big Pharma and public employee unions. That’s more of a humble brag about my priorities. But I felt bad that I picked on pharmaceuticals. I got replies. Why harsh on pharmaceuticals? And actually fair.

Drug companies are the least bad of some very bad actors. For all its faults, drug companies are not just existing to be parasitic like pharmacy benefit managers or generate wealth through regulatory capture like Epic.

If anything pharma is the sad scapegoat in healthcare. We pick one drug a decade to laud & then like clockwork do a hard reversal on it in a decade or two. Patients get hurt and doctors did their best. We saw with statins, SSRIs, opioids, adderall, and I’m sure soon GLP-1s will be next to have Netflix documentaries. Someone is always to blame and it’s usually the drug companies.

Some category is designated a sin eater for the system’s horrors. Which isn’t at all fair as all those drugs serve real needs. Sorry Oxycodone you remain a villain. But why is American in so much pain?

Which gets back to my surprise as having a doctor who wanted to get to know me. We came in with a typed up diagnostics sheet with a timeline of treatments, protocols and medications and the bastard has the audacity to ask me about the quality of my life.

I hesitate to say “well shit” because I am Protestant from Scandinavians stock because we pride ourselves on being “oh just fine”

And of course I’m the asshole who quotes Kierkegaard at my doctor. Sickness unto death right Doctor? Which I guess is a bit of a downer.

The man actually asked me if I’d consider managing my pain more aggressively. I am absolutely mogged by the audacity of the sentiment that I could suffer less.

Apparently no one scans you for drug seeking behavior when you chuckle and kneel before what God has decided for you. So that’s a good trick I guess for the less sincere.

You can really see how public perception of RFK Jr is so different from what elite narratives would like to see. People are with RFK’s righteous indignation. Why are so many suffering?

The cranks and the crazies are here because America is mostly gaslit by a nest of bad incentives. Doctors don’t want any of this. Neither do the drug companies. But someone has to be blamed and it’s usually the guys with the money. But they are trying as hard as anyone to actually come up with solutions.

Maybe no one deserves to have a righteous Kennedy come after them. But everyone feels a little bit crazy with how the system works now.

Categories
Media Politics Startups

Day 1485 and A New Pogue on Technology

The paper of record just doesn’t know what to make of a political constituency that it has been determined to view as a billionaire bad boys club. And so after almost a decade of hostility between media and Silicon Valley, it is clear the vibe shift has come in the house style at the New York Times as it is dedicating a lot of ink to “Tech Right” and how it views the world.

A new narrative of technology is emerging. Veterans like Maureen Dowd alternate between mean jabs and fawning over “the high school oligarchy.” Ezra Klein’s podcast this week worries over tech’s relationship to Trump 2.0.. The right leaning institutionalist Ross Douthat interviewed Marc Andreessen on how Silicon Valley came to leave the Democratic Party.

The editors appear to sense the shift of power. And with new beats come new talent. The Grey Lady has hired an opinion columnist James Pogue who actually does reporting with these elusive new right and tech right figures.

Old timer readers might appreciate that this new talent shares a name with a past technology columnist. Pogue. David Pogue reviewed gadgets from 2000 to 2013.

Despite being millennial, James Pogue is an old school reporter. His popularity derives from his deep reporting. He picks up the phone and talks to people. He shows up to events and reports on what he sees. He does it with verve and style but lets his subjects speak for themselves.

James Pogue’s author photo

James is having something of a moment judging both by my group chats and the most shared analytics. Not only is his New York Times opinion column going gangbusters but he is also going viral for his long form gonzo essays in Vanity Fair.

If you enjoy learning how the media sausage gets made Isaac Simpson has an interview with James Pogue on his newfound status, his reporting style and how he ended up at the center of the political and cultural moment.

It is here I do full disclosure myself and say I’ve been interviewed by him twice and we have social relationship that includes being on a very similar professional and social circuit. Because he actually goes to report on things in person we’ve seen a lot of each other over the years. A reporter grows with their beat.

If you are interested in what establishment media has to say about this new power base of new right, tech right and a rising counter cultural elite and prefer your news to be deeply reported then make yourself familiar with James Pogue and his work.

He has a nuanced understanding of the personalities, always his homework, and incredible access to his sources. I guess this is what happens when you ask questions and then let your subjects speak for themselves. If anyone has the secret to the media rebuilding its trust with readers my money is on James Pogue.