Tag: Elite

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Aesthetics Politics Startups Travel

Day 1909 and All The Twinks Standing In The Line For The Bathroom

I am not an early riser, especially not when I’m out late for happy hours and dinners and the like. So I wasn’t planning on being at the 8am opening for the conference I’m attending in D.C amongst all the side programming.

I had a ten thirty talk I was particular excited to listen to as it was most salient to my work in artificial intelligence policy. Well, that was a dumb decision on my part. Not to arrive earlier.

I’ll take full responsibility for being a moron on that front, but I stood amongst a gaggle of gorgeous well dressed, well groomed and bright eyed young men hungry to build the world of the future. What a crowd of young people.

Being a chatty Cathy I asked about vintage Barbour jackets, bulldog ties, pocket squares, the merits of gel versus more advanced soft hold hair products, the declining quality of Moscot eyewear and other important topics to ambitious young men who are looksmaxxing to win the great game.

I didn’t have much else to do as the line was not moving. No one was getting in. Until people left no one was getting off the line. And that included others who had already been in and had their passes. The hottest ticket in town was perhaps a bit over capacity.

Someone rolled out a portable Starlink and we all piled in to tweet, chat, roll calls and (in my case) send tweets, Signal messages, and Slack channel responses. I got told my tweet about the two hour wait wasn’t ideal so I deleted it as I appreciate any attention to me running my mouth as I assume no one ever listens to me. I barely do.

But maybe I’m wrong? Last night checking into Butterworth’s, the woman manning check-in in lit up when I gave my name “I love your Twitter!” So maybe people do notice what I say. I still find that an a funny notion.

That said, it did take the full two hours to get into the giant event hall which made all the rush and planning a laugh. More people left the line and went back to work than stayed at 10am but everyone determined to participate seemed to make the best of it.

I asked if this was normal for a DC event and no one seemed to be from DC. So I didn’t get any good answers. This was an unexpected wrinkle that the venue was full was full up as an enormous crowd circled the block twice.

Since we remainders had decided to make the best of it we got to know each rather. Every man was quite a gentleman as we chatted oblivious to status till we were let in and others let us all know the pecking order. One of the young men I spent my wait, who is I learned later was literally the heir to one of the most important fortunes on the planet. Another was launching containerized autonomous weapons.

But that time of work and waiting was rather like being on an elevator stuck together, we might as well get to know each other. We are all equal before a tough door.

Thankfully we did get into the room before Jamie Dimon spoke. And he was the big boss of the handsome executive crowd.

I titled this “all the twinks standing in line for the bathroom” as yes a lot of handsome queer men were in attendance. But twink is an all purpose gender fluid aesthetic and not reflective of anyone’s sexual preferences.

And the line for the men’s y was a lot longer than the women’s. Ten to one ratios make me think this would be quite the dating scene for the ambitious woman.

But yes there are a lot of very well groomed young men in Washington D.C and everyone wants to build solutions for America. And being beautiful doesn’t hurt. To my single lady have you consider meeting a man in DC? Good odds and I doubt even a fraction of the twinks are gay.

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Travel

Day 1906 and Woo Spring Break

Starting a journey from a small regional airport subsided by billionaires is the way to go when airports are understaffed for lack of pay.

A partial shutdown of the Department of Homeland Security means the TSA isn’t getting paid because of a lack of agreement on annual appropriations from Congress.

You may dislike the TSA, but most Americans are sympathetic to the pain of missed paychecks. And if you are headed somewhere for spring break you will feel their pain as the lines through security are getting worse and worse at the major hubs.

Getting out of Bozeman was a breeze. Sure my first flight was 8am but that’s the second round of flights for the day. Chicago O’Hare on the other hand, was a bit more chaotic.

The Dinosaur is a hockey fan

Families with multiple children hoping for quality time together on their spring break looked exhausted coming through the security lines.

Little girls pulling sparkling backpacks behind them on the ground or riding dinosaur shaped luggage tugged by their exhausted parents clogged the tight “under construction” hallways.

My flight to Washington D.C. didn’t have as many kids as I would have expected. Maybe touring our national monuments isn’t as exciting as going to Disneyland.

Co-branding for citrus 🍊not history

The original gate was reallocated to an Orlando based flight and based on the number of families with three kids headed to Florida our natalism issue isn’t so bad among the six figure vacation set.

The workers that keep Disneyland the happiest place on work might be struggling with other issues based on the terrifying bathroom signage. I wonder if the men’s bathrooms have these signs

Servile marriages?

May you all enjoy spring break without weather delays, labor issues, geopolitical conflict, or basic operational problems like crew and aircraft shortages as reset flight legs and fuel costs begin to get in the way.

I’m looking forward to getting to the capital. Maybe I’ll see more spring breakers at the Smithsonian. Just deposit your cannabis if headed to a destination where it’s illegal.

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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 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.

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Politics Preparedness Startups

Day 1887 and Trust Me Bro

I don’t feel terrific so I’ll keep this as a ramble but with some links. I fear some sort of Rubicon has was crossed, which we will only recognize in hindsight, in the fight for property rights in America versus the tyranny of failing state capacity.

I am referring to the contract dispute between foundation model developer Anthropic and American Secretary of War Hegseth that boiled over on Friday night as some sort of Murderbot surveillance subplot parsed only by lawyers, policy wonks and anyone who remembers the patriotism of Chelsea Manning.

Right before America and Israel went all Epic Fury on Iran over the weekend, somehow it was felt a messy public fight between defense contractor and the civilian oversight of our military was ok? Good thing everyone is too distracted to care.

Funny how one can go from cheering on our military’s capacity for innovation one week and the next to be waving one’s arms screaming “no oh no no no” but that’s just politics as run by the instincts of reality television I suppose.

The best writing on this so far has been Dean Ball (who worked in this Trump administration on its AI position statement not so long ago) who feels that Hegseth took an approach on renegotiating a contract with a frontier AI model developer that has consequences.

Loosely and I am missing much Anthropic had its previous contract to parse classified documents in the Department of Defense (now the Department of War) negotiated by the prior administration. Some aspects of this contract wasn’t going to work for the Trump administration. Anthropic didn’t want to change it and Hegseth threatened to call Anthropic a supply chain risk unless it complied. They didn’t and Sam Altman signed a deal.

Wrapped up in this is that of course we all eventually comply with Leviathan who has the monopoly on violence. I don’t claim any expertise here but lots of people understand defense contractor law.

On its face Anthropic looks like the moral high ground and the position all capitalists and private property respected would prefer. However, it’s in Dean’s words, a bit weird for a company to tell the state that a private corporation has a say in policy as opposed to our democratic institutions.

Anthropic is essentially using the contractual vehicle to impose what feel less like technical constraints and more like policy constraints on the military

This is all complicated by the model developer having wishes for frontier AI development to be nationalized and for their work in particular to be safeguarded by a different political administration. It has become a right versus left thing as it was bound to do.

Now Anthropic gets to enjoy the full throated defense of its industry peers and even conservative policy makers like Dean, because our current state capacity is not what I’d call excellent when it comes to our civilian government capacity. Honestly our military still seems to be crushing it.

Secretary Hegseth looked a bit like he was over reaching in his command that he get his demands met. Americans are very touchy about surveillance of if’s citizens and much less touchy about autonomous weapons so it’s natural to be a bit suspicious if you are a millennial who remembers the Global War on Terror. If you are Zoomer who doesn’t know who Chelsea Manning is please go ask Claude.

However it’s not at all clear that Hegseth’s original negotiations were out of hand as of course it’s the state who decides legal use not the private company and we are meant to have laws, judicial process and all the rest. It’s just that we don’t. So what on earth do we do about it? Trust me bro is not a policy.

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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

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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
Culture Travel

Day 1871 and Private Terminals

The downside of living in a world where everyone posts all their luxuries, is regular people who spend too much time on Instagram worrying about things that wouldn’t add much to their lives. Instagram breeds discontentment for everyone.

My husband grew up ten minutes from a global international airport hub, and as such has unrealistic expectations of how quickly one can get from place A to B and how many legs a trip should have.

He longs for the most efficient trips complete with special passes, lines and hopefully a plane dedicated to just his crew and their final destination. I doubt I’ll manage to buy it for him but if one of my better seed investments pans out I’d acquire a gulfstream for his buddies to fly.

I’ll admit I’ve been a little spoiled as well, as by the time my family could afford to fly more regularly the old Stapleton airport had been replaced by a global United hub in Denver International Airport. A spookier more haunted airport there has never been (mind the killer blue Mustang and Masonic symbolism) but it flys connections everywhere.

Now we are in the spokes and farther from hubs. Flying can be a challenge for me as in the past fewer people abused disability requests like wheelchairs.

My ankylosing spondylitis has good days and bad days so on occasion I wish I had help with heavy bags, long lines and lugging stuff around.

Wheelchair access has alas become just another scam people run to board first, so I can no longer guarantee that I’ll even make my airplane given the lines and lines of maybe crippled as if you log disabled you often can’t even get your boarding pass from a kiosk. You have doomed yourself to the thousand person line.

Alas become used to popping Advil, throwing elbows and working my way to the front of the line filled with folks who know little of flying etiquette, status boarding times and the rest. If I can’t beat back a Balkan auntie seated in the back of the plane for my own seat at 2C then what sort of world traveler am I? I claim space but I don’t like it.

Yet as I stomp around smaller spoke airports I’ve learned it’s not too expensive to get a priority pass to private terminals. Groan I know.

In a few spots, it’s less than fifty bucks to skip check in with your airline, avoid security and passport checks with the whole airport by doing it in these terminals and they will drive you in a van to board the airplane first.

That means no more fighting for prime position in line to get prime position to board to get prime position on the bus to race up the staircase to the airplane before someone else blocks you.

I can’t imagine a better use of the time and money frankly. I could easily have arrived much later but I wasn’t sure how easy it would or wouldn’t be.

The demographic feels a bit petty oligarch with a cigar lounge and exotic alcohol but I’m just happy I haven’t had to do any heavy lifting for the moment. My bags are handled. I have food and water.

Categories
Aesthetics Travel

Day 1864 and Retail Therapy in Fashion Exile Land

Maybe it’s because it’s been such a wild week in the financial markets, but I’ve been thinking back to one of my moves to San Francisco just before the Great Recession. It’s a story about buying clothing but I’ll get to that.

I had just come off the high of being the first publisher to break (by live streaming and photography) a new fashion designer who would become one of the biggest names of his generation.

The low hit me as I realized I was unable to afford any of the pieces in his collection. And nor was I able to buy them anyway as the whole collection sold out instantly in New York City. I look back on being backstage at his first (and subsequent) shows with much fondness. Once he threw a full on carnival in a parking lot! Imagine models tossing their size 9.5 Manolo’s on concrete to hop into a bouncy castle.

Those models were his muses and he was known for an off-duty model look. I am about a foot too short, 20-30lbs too fat, and three cup sizes too large to be mistaken for a model so not an ideal customer.

Normally one could politely ask for samples or gifting if one helped break a collection, but this was not a sample collection that would have fit me. I’m a size 7 shoe and those boobs do me no favors for hanger sizes.

Still I wanted one item badly. Even if I couldn’t afford it and I couldn’t find it in stores, I kept an eye out everywhere for it.

The coveted item was a pair of high waisted pleated black wool trousers (lined with an ample cuff) that was the wearable merchandising anchor to a collection that was otherwise a bit tricky for mere mortals to wear.

For the men (and some women) who haven’t given thought to runway models, the metrics are specific. You need to be over 5’ 10”, never over 115lbs and have an A cup to fit a designer runway model call sheet.

These aren’t aesthetic preferences, just that models are a glorified hanger and not a person for purposes of ease of fitting. Yes it’s a bit degrading.

And so I resigned myself to never getting those pants and having only the glory of discovery and first to market coverage. Though the proof on that may be debated.

But then a small miracle happened. As I was relocating to San Francisco (by the buyer of my first startup) I began to get invited to events and parties.

A brand new Barney’s opened up off Union Square in San Francisco. An old girlfriend who had just married and moved to San Francisco told me “you will love the shopping out here as the good stuff never sells out!”

Mind you the collection had sold out in other fashion capitals. I had called around. I asked all the major stockists. It just wasn’t to be had anywhere.

But the new Barney’s was very late in opening and had stock from the previous season saved. I missed the opening party but thought maybe I’ll see something from the newer collection and I’ll splurge.

Well I got even luckier than I imagined. The pants were not only at the new Barney’s but on the sale rack. No one in the market had even liked them.

The salesgirl said weren’t moving as they were too formal and too trend forward for the town. They were having trouble moving most of the pieces from the designer in fact.

There were multiple pairs of the pants in size 38. That is a size 6 in American sizing which is almost always the first to sell out. I purchased it without even thinking. They were 40% off.

I still wear them to this day. And anytime I visit a bigger city or capital with a retailer of high end fashion, or designer goods, I’ll go looking. Sometimes in the strangest places you will find the exact item you wanted marked off in the middle of February.

Categories
Aesthetics Travel

Day 1861 and Mispricing The Market

I’m sure most of the world will be fixated on various financial corrections in global markets but I spent a chunk of my day dealing with currency changes (that will be 7% of your withdrawal thank you) that reflect nonsense from monetary arbitrages, regulatory graft and foreign exchange transactions so I’m in absolutely no mood.

Then I went to what counts as the diplomat and foreign money mall and got Pizza Hut, frozen yogurt and Korean skincare. I don’t even like Pizza Hut but I was so sick of managing dislocations and figured I’d rather send it back to America. My patriotic consumption for the day.

I don’t know if it’s an urban legend that our military can deploy food franchises in twenty four hours in a conflict zone but we sure seem to figured out emerging markets.

It’s a shame we won’t let some markets emerge and be shaped by pressures. The vape kiosk was doing a brisk business and I was frustrated to see the owner of the favored electric vape was based in Shenzen. What an opportunity lost for American brands.

I’d say half the parking lot was Mercedes and the other half was BYD if that counts for anything. I haven’t seen an abundance of American cars and I think we all know why.

But then my savior was found in a brightly colored kiosk with no customers at all. A swath of Korean skincare brands that proved to be authentic. Blessedly many global K beauty brands have adopted QR codes to manage the misuse.

I am adapt at spotting packaging dupes and frauds thanks to the de minimus years importers of fakes flooded Amazon, eBay and other retailers with third party resellers.

Everything was half off as at their full retail price they were still not moving. I scooped up $30 bucks of masks from brands like Mishha and Some By Mi. My skin was fully irritated by smog, stress, and wider disappointment. The globalization era is in full swing in plenty of markets but everyone gets their cut. If a brand doesn’t command a local market then an enterprising consumer can enjoy a temporary mispricing. Sometimes this mispricing last for far too long.

Incumbents have strange advantages they are loathe to give up. I came out angrier at banks than usual, as angry at central banks as ever, and very pleased that the local consumer base wasn’t yet wise to the benefits of a product that commands a premium elsewhere. I might go get more.