Tag: Elite

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Community Culture Politics

Day 1576 and Fight For The Future

I am saddened by the protective conservative ethos of some of our cathedral elites. I was filled with pride to hear multiple distinguished professor discuss their love of Boulder as emblematic of the kind often town we should all aspire to live in.

Boulder is a truly special town. Alas I have to question why it is that scholars with security and prestige can afford my hometown but their children’s generation couldn’t.

I am deeply saddened by the rising costs of my childhood town. We come back during the pandemic. When starting out my life twenty years ago I left my home as expenses rose.

My family didn’t own property. Regular people moved to other towns. Those who bought early fight to keep things. As they are. So only the wealthy, often conservative socially or economically, but generally institutionally secure elders own the town and no one else.

These preservation minded wealthy, either virtuous liberals or cultural conservatives want to preserve the values that created Boulder. The irony is not lost on me that the futurism of going back benefits the past entirely at the expense of the future.

But what moral or political good could there be in your perfect town and perfect conservation of certain mores if the children moved away.

You live in a garden made by weirdos and hippies and shined it into an expense that their own young cannot participate in it. Hippies and engineers produced a counter culture and turned it into a luxury good they did not uniformly pass down.

Boulder became a luxury good. I grant I could have a small piece of that. But would we flourish? Our elder elites keep their houses and smugly advocate against change to house even their own children. This change that necessary for the future their children will live in. We must be able to build for it.

I miss Boulder but I don’t miss this smug elitism of virtue. We chose to have a life where we could have a house and land and space for our lives and a regulatory climate where we could build the technology that will shape our future. I am sad it wasn’t going to be Boulder. We’ve lost Boulder to the security of the past and it’s expensive maintenance.

Bozeman is now the Boulder of the 90s. And I want to build up its future through the efforts of its industrious citizens and their ambition for building a future.

A forward thinking and growth focused governor introduced a future of building things with tools and technology and owning those benefits together. That the vision I want for Colorado and for Boulder.

Pairing his vision with two aesthetically conservative growth skeptical perspectives helps us realize the large gaps in values. And so I despair for the fact that I can never go home. So I must fight for my future. Which is I suppose what Renegade Futurism is all about.

Categories
Aesthetics Politics

Day 1575 and Renegade Futurism

I spent my day at a conference at the University of Colorado at Boulder’s Bensen Center for the Study of Western Civilization. It’s my hometown university and while I never studied there I was greatly enriched by its traditions of public and community programming. The land grant universities educated Americans like me even if we never attended them.

I suppose this is silly of me but I didn’t think an academic conference would actually be all that academic. I am used to financial forums and media shined up environments where doing the reading is sadly not a prerequisite. Academics very much do the reading. Or we said at my alma mater “that’s all very well in practice but how about in theory?”

I felt a little silly as the lone person on my panel who actually worked in industry and felt a little more acutely how absolutely unprepared our technical industry is for the task of running our elite institutions. We have on the ground knowledge and they have a very firm grasp of Hegel and Gransci. It’s a tension that has come to a head before.

And yet here our technical elite are gaining power and and a seat at the table and congratulations we’ve finished the long march through the institution. And somehow you still lost. We aren’t any closer to socialism or social justice. You know what happens in the dialect resolution next? Fascism. It’s like why pay the six figures for the degree if you don’t even read. Champagne socialists the lot of them.

But I’m also struck at just how divorced our academics are from the reality on the ground. We had an industrial class that founded private institutions that clashed with our empire elites before. How do you think we ended up with Stanford and the University of Chicago? Why do we continue this dance of institutional ownership?

And yet the cycle continues and we come up with new readings and new interpretations of how things should be optimally done. We have moral traditions and religious traditions and I’m sure this is an exhausting time to consider a new Pope so I’ll go light on my Catholic friends. Protestants just don’t understand. The future has arrived. You just didn’t notice it.

Categories
Community Politics Startups

Day 1571 and Townie Done Good

I am excited to be a panelist at an academic conference at my hometown’s university later this week.

While I didn’t attend the University of Colorado at Boulder myself, as a townie kid it holds a special place as educational institution in my life.

Their libraries lent me books, I attended events like their famed Conference on World Affairs and I made use of campus facilities from sports fields to their planetarium.

CU Boulder helped make me who I am today. Which is apparently someone who is qualified to weigh in on challenging topics in technology and culture.

The conference is called Renegade Futurism: Tech and the New Political Counterculture

Tech” isn’t like other industries. In addition to money and products, it is now a source for politicians, policy, culture, and philosophies with unprecedented influence throughout the globe. Figures like Elon Musk and Peter Thiel hardly count as mere industrialists; they function as thought-leaders and government operatives.  
 

This two-day conference gathers actors from today’s tech world–entrepreneurs, makers, thinkers, observers, and critics–to discuss the meaning of the tech counterculture, and what it might entail for the future of technology and American democracy.     

Hosted by the Bruce D. Benson Center for the Study of Western Civilization on Friday April 25th and Saturday April 26th and it is open to the community so if you are nearby please consider registering and attending.

The speaker line up is very impressive from politicians like our very own governor Jared Polis to journalists like James Pogue and entrepreneurs, operators and industrialists like myself.

My topic is first thing and the panelists are well worth being up early to learn from.

April 25th Atlas Building ATLS 100 – Cofrin Auditorium

9:00AM-10:15AM “How dissident is today’s tech?”

Technology can be a democratizing tool or a weapon of centralized authority. If those are perennial alternatives in technology’s history, which has predominated during recent years?

Panel: Michael Gibson, Jeff Schullenberger, Patrick Deneen, Julie Fredrickson
Moderator: Paul Diduch

Categories
Finance Politics

Day 1558 and Basis Point Bullying

I’ve tried not to pay too close attention to the panicked aftermath of the new tariff regime.

I don’t trade the public markets actively and we’d already made preparations in our personal financial lives for a deleveraged dollar. It seemed clear where things were headed and weakening the dollar solves a couple problems for America.

I am a free trader. I believe in open markets as the most effective means we currently have at our disposal for large scale coordination that works with human nature.

Nevertheless the allure of central planning and collectivism is hard to resist for those in power. The market will adapt and find other ways of allocating assets but the wasted energy of a crisis frustrates investors. Damming the waters only impeded flow.

Each basis point drop saves America 1 billion according to Secretary Bessent. So we’ve an incentive to nuke 30 basis points and keep yields low. And yet the 10 year is still stubbornly high.

The exorbitant privilege of Bretton Woods comes with the fears of a centralized currency managed by technocrats who must give guidance to markets without providing too many surprises.

I grew up with a significant amount of skepticism around the federal reserve and its places to hippie parents and the University of Chicago but even I never thought I’d live to see this kind of test. And I am a Bitcoiner! Maybe Silicon Valley will finally find out what bargain we have with Uncle Sam.

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
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
Aesthetics Politics

Day 1549 and Productive Primates

We are in a moment of narrative collapse. The elites who we’ve typically take our “consensus reality” cues from don’t know where to land in order to manage the revolt of the public and you can see the recycling of big ideas happening at a rapid pace.

If you’ve been on the internet at all recently, you were probably exposed to both Ezra Klein’s Abundance book tour and the Studio Ghibli mania using AI to turn iconic images into Miyazaki animations.

I think these two events are more related than you might think. Labor is becoming simultaneously more and less productive in the face of artificial intelligence. This naturally has consequences for power.

This progress is either “an insult to life itself” if you are Miyazaki or offers the potential to improve human productivity in ways we’ve not seen since the Industrial Revolution.

Which brings us back to the moderate state capacity liberals and Ezra Klein’s book tour. They are out in the cold politically and yet rather than produce a new narrative they’re re-heating the work of the meme movement effective accelerationism.

I’m pleased to see total narrative victory for e/acc over the effective altruists. Sustainability (or worse degrowth) has simply failed to resonate with our primate hierarchies that demand more. We want more of whatever other monkey’s have be it bananas or status.

Socialist zero sum politics encouraging sharing & collectively managing resources having been roundly beaten in the zeitgeist, the moderate left are insisting that actually public state mechanism are the best means to achieve abundance. Government is good actually.

Making the case for the state’s role in creating abundance is about all they have left while they wait for the pain of Trump’s tariff policies to kick in. The private markets not having the necessary time frames for long term planning is a perennial issue.

Even our most productive technology companies are feeling the pinch to perform immediately in the short term. Alex Danco dropped on essay on where we might be in the S-curve of artificial intelligence.

He argues that perhaps in the scaling of this infrastructure we may change our thinking around code as “the primary asset” of software companies and reorient it back to the shared labor, management and final product of the traditional corporation. Software companies were valued for capital efficiency by the markets but perhaps that constant no longer applies.

All this worry about creating abundance is a battle of who decides how we allocate future resources (which we don’t yet have) and who will receive the biggest share of power and plaudits in the process.

The fact that we can replicate aesthetics in an instant or do the document work of a dozen legal associates with a program isn’t really the issue at hand. We are worried that how we divvy up the sum of all our hierarchies is changing. Of course that worries every primate. It’s bloody stuff.

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
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.