I am very much beginning to wish I had not watched the presidential debates. I want to say it’s been amusing to watch the different flavors of panic, but it makes me feel a bit gross.
Schadenfreude feels like a cousin to envy. It’s a dirty vice you shouldn’t be swift to cultivate in yourself even if it’s a very human response. I’d prefer to cultivate what virtues I can embody even if imperfectly.
I don’t want to lose my head just because everyone else seems to be doing so but it’s hard not pay attention to the politics when it’s the 4th of July week. I know I can’t do anything about national politics so I continue locally and on issues where we can have clear impact like housing and regulatory reform.
It’s possible that having more hands on experience with on community boards and with local permitting made the more tangible aspects of “Yes In My Neighborhood” campaigns clear to me.
I would prefer to be active in my contributions and focus on solutions. Am I angry and afraid when I see national politics and grand geopolitical news? Of course. If I thought about it too much I’d remember that everyone involved is human just like me. Then I’d worry even more. So I’ll try to focus on moving what I can.
Everyone has their entertainment and mine is makes me a little bit of a stereotype. I hate podcasts but do most of my chores while listening to Bloomberg’s Odd Lots podcast.
I was catching up today with an interview with equities analyst Tom Lee. My attention got caught and stuck on his description of Bitcoin.
“Yes, Bitcoin is unlike other asset classes because there is a cooperative value. You know, the people who contribute to the network benefit from it. And that’s different than any other asset class.”
Now I don’t think this is unique to Bitcoin. Cooperative value can be found in everything from nationalist politics to luxury handbag resale pricing. But I do this it’s important to have cooperative values be baked into a network for it accrue value.
We’ve traditionally mitigated concerns about market cooperation through clear property rights and legal protections. We’d backed up those claims with things as abstract as a monarch. We’ve evolved to it to the slightly more concrete full faith of the United States and Byzantine bodies of securities law. Fiduciary duty and all that.
But as we become less inclined to trust that the buck does in fact stop “anywhere” we are looking for ways to mitigate that risk. How to operate in a world without trust? You develop trustless protocols. Humans have plenty of intuitions about trust and many these intuitions struggle without a clear person with authority to act.
So I ask if we are heading into a “headless” age?
As distrust in institutional power struggles we are seeking out new ways to continue the business of life and civilization even if a high trust society is in question.
You could even argue that we’ve got headless political parties as the Democrats and Republicans both struggle with defacto heads nobody particular trusts. I don’t know if we can live in a headless democracy. Deciding who is a citizen is a very different matter than deciding who is a shareholder.
I miss living in a world where nothing happens. I suspect well-off Americans took for granted the artificial smoothing of conflicts & markets that our global dominance granted. That era seems to be over. And blame must be apportioned.
Like many people, I watched the presidential debate last night between former President Trump and President Joe Biden. I had low expectations. It would seem they weren’t low enough.
You expect the lies from politicians. You expect spin from media commentators.
But nothing prepared me for the scapegoating of an old man clearly struggling. The entire chattering class, sensing weakness in Biden, seems to have decided to turn en mass.
A screenshot of headlines declaring Biden’s performance was a disaster.
Americans have many sins, not the least of which is tolerating a political establishment that is unable or unwilling to be held accountable.
Making a sacrifice of Biden when the hour is so late has the flavor of a desperate prayer. Placing those failures onto one symbol is powerful. Biden being subject to the ancient ritual in Leviticus was perhaps inevitable. The poor old goat deserved better than being made to carry the iniquities of us all.
I think a lot about media, and in particular the technology that powers media. An informed population can still act in its own best interests but what we get told affects what we perceive as our best interests. And as we become more informed naturally some skepticism of the intentions of power arise.
Media affects how nation states wage wars. As we’ve evolved from print to television to radio to the internet how we sell the costs of war changed. But there are always populations who pay enough attention to be skeptical.
The open internet was born of that skepticism of government even so much of the technology emerged thanks to America’s heavy investment in defense industries.
Scientists used to have a wide range of politics and it’s not a surprise that defending American interests is a popular idea amongst people who work for the government. But maybe you see things and fight for more accountability along the way.
The GWOT unevenly affected millennials. If you were middle class your kid probably didn’t join up unless being in the service was how you got to being middle class. There was no draft.
Being in Colorado I had exposure to folks who worked for defense contractors as a lot of the private sector had settled around the cluster of talent from Boulder’s science labs down to the Air Force Academy in Fort Collins.
But there has been skepticism in all the branches of government as it became harder to control the narratives. And Americans don’t particularly like the idea of having propaganda even though I’d argue we produce and consumer enormous quantities of it as a nation.
I wish I could be more cogent about any of this. I am regularly shocked by how little people seem to remember how we prosecuted these long wars. We quickly forget.
Don’t be too sure human nature had changed. Don’t be too keen to give the government power because you are afraid. We’ve already seen what they do with it.
We seem to be stuck in a kind of 90s loop of “talk to the hand” intergenerational dismissal. Boomers can’t communicate with millennials, millennials can’t talk to anyone older or younger than them, Gen X is smugly off in the corner and Zoomers are stimming through an anxiety attack.
I myself have complex feelings about the choices older generations of Americans have made. I am not thrilled with the world we are inheriting.
But I am not so convinced we intergenerational relationships are doomed by the most selfish among us. Though I certainly see how looking at a ballot this year might give you the impression that the divide is impassable.
The time I spend in policy and politics gives me hope. It’s possible to find the bonds of past and future in working to find solutions. I see committed people from all generations trying to do their part. I’d like there to be more of us.
There was a Baz Luhrmann song “Everybody’s Free” that became popular at graduations for millennials. It was delivered as advice for the class of 99 and became a cheesy but heartfelt touchstone for many millennials celebrations.
It is a tearjerker and contains some useful insights on nostalgia and advice.
Be careful whose advice you buy but be patient with those who supply it Advice is a form of nostalgia, dispensing it is a way of fishing the past From the disposal, wiping it off, painting over the ugly parts And recycling it for more than it’s worth
I had sunscreen on my mind when consider its wisdom, I was trying on a new SPF tinted moisturizer as I dragged through my morning routine tired from 3 weeks of Covid. I tweeted a one off idle thought about the nostalgic advice I’d been given about how to live my life.
It’s amusing to me that two of the biggest cultural trends for women in the 2010s, Marie Kondo’s “spark joy cleaning” and Sheryl Sanders’s “Lean In” got immediately tossed the moment their life circumstances changed.
If there is one thing the internet agrees on it’s that life is always more complicated than 140 characters. Coming to terms with we feel about the advice and cultural stories we were told is a touchy subject online. Even more so when it comes to what women should be doing.
We all have ideas about how we should be living that come up hard against the realities. It’s a comfort to think anyone has living figured out. So much has changed and at such a rapid pace that we are looking for new scripts. It can be kind when someone offers you a solution. Let us take what lessons we can from the past as we seek the future.
As I run out the clock on the last vestiges of my Covid infection (two fucking weeks give me a break), I’ve had the pleasure of being extremely online.
There has been a bit of a kerfuffle on the costs of being “a well kept cosmopolitan woman” with varying levels of push back that are functionally regurgitating the plot of The Devil Wears Prada.
Breakdown of the costs of a “well-maintained” attractive woman in a large U.S. city: hair: $400/every 2-3 months at least facials: $200-300/mnth fitness: $200-400/mnth cosmetics: $100-300/mnth nails: $100+/mnth brows: $15-40/mnth waxing/laser: $100-$150/mnth med spas: $1k/every 3 mnths at least And doesn’t even include clothes or shoes!
Expressions of feminine presentation through grooming is what the academics like to call “contested space” but you can probably get the gist of how it through it by skimming Veblen, Baudrillard and old issues of Cosmopolitan.
Needless to say, most women are not $10,000 Instagram models, professional girlfriends, trophy wives or professionals in glamour industries. This spend is extreme and for people who life off their image.
I’ve been a peon in the image business and I’ve been a girlboss and it’s a bit exhausting if you are not young, naturally beautifully or able to afford the upkeep. I wouldn’t necessarily recommend it. I’ve watched many rounds of influencer burnout. I am blessed with good skin, good hair, the knowledge of my professional background and cosmetology school, and I have money to spend on myself.
Hair: $80 2x a year Facials: $0 Fitness: $0 on gym or classes but we do have a barn squat rack & a mortgage Cosmetics: $100-200 a month it’s my hobby & former profession Nails: $50 for pedicures 6x Brows: $0 Waxing: $90 4x year Med Spa: Botox $220 every 120 days
I am myself in the middle ground of expensive personal presentation. I like everything about cosmetics from makeup to haircare. I posted my own breakdown above and it’s about $250 a month.
I don’t dye or heat style my hair, I am not heathy enough to be a gym rat (I wish I was), I get pedicures because it’s hard to do my own with my spinal problems but don’t get my nails done, I wax downstairs for personal preferences, I love skincare and at 40 it seemed time to get a light dose of Botox seasonally.
Which is in my book quite a bit of money to spend on appearances. It’s the opulence I allow myself on the other side of some financial success and I justify it by saying it’s worthwhile to keep up on my old industry.
My husband says it’s mostly an excuse to buy makeup I’ll never wear and he is naturally quite right. It’s a hobby like any other. I’m glad I can justify it for work though.
Social media comparisons for lifestyles that are simply beyond most people’s reach shouldn’t be considered aspirational. My spending should level not considered aspirational on this either if I’m candid. I could easily get away with less and look good.
The good news is that for bargain hunters who want to combat hoe-flation costs in their life is that we’ve never had better access to quality grooming. We have cheap actives brands like the Inky List and the Ordinary, access to the best Korean biochemists, and excellent buyers clubs.
I enjoy that “nothing ever happens” has become something of an in-joke about how the end of history thesis was very right/wrong (apparently this depends on your reading). I find altogether too much to be happening.
It wasn’t the only coalition crisis for a government today. It is a sensitive time for institutional distrust and the will of the people move history forward (or backwards) as something is always happening. I expect it will be an interesting summer in Europe.
I am a bit tired so this could all be jet lag speaking but I’m feeling slightly disappointed. While I’ve found great inspiration in the work of my peers, I see the failures and venality too.
I am at Consensus and I’m unsure if I feel like we’ve got enough people building the future I want to see. I fear for the unraveling of the old powers and what the transition looks like. It seems like a lot of people will be voting for a convicted felon for commander in chief.
And yet there is hope. The conference coincides with the annual Coincenter dinner which is an industry wide non profit effort to work towards policy goals for decentralized computing like Bitcoin & Ethereum and the wider cryptocurrency.
Our mission is to defend the rights of individuals to build and use free and open cryptocurrency networks: the right to write and publish code – to read and to run it. The right to assemble into peer-to-peer networks. And the right to do all this privately.
Erik Vorhees delivered an incredible moving keynote address and I found myself with tears in my eyes as I considered the long history of fighting to become your own master. We separated church and state. We are fighting to separate money and state. I feel these philosophical lineages across my entire life.
And so I am slightly disappointed at this point. But I’ll try to sleep and it will pass.
As I age from maiden into crone (many millennials missed mother) I find myself uncovering emotions I missed during the forced march through corporate feminism & Girlbossism. The meritocracy takes its pound of flesh.
I climbed the chaos ladder & am grateful for my perch but I did not understand what I sacrificed to participate in this climb. I doubt your average person does.
American Millennials intuited that we had an opportunity to class jump through the meritocracy of institutional human capital games & were encouraged to do so if we showed capacity. Largely that meant raw intelligence & affinity for playing by unwritten social rules. If you could get out you were told to do so. Social mobility is one of America’s great strengths.
It is not without costs. I sacrificed family & place. To climb above the station of my origin & “achieve” the American dream of education & assets you leave behind a lot. To go from the lower rungs to prosperity and security we leave behind parts of ourselves.
I do not regret this. Many millennials come from dysfunctional families. Boomer can read as slur to some because future shock & greed hurt so many of that generation. The narcissism of the new age experimentation with new cultures and expectations gave us divorce & rootlessness. Those insecure circumstances bred flexible performative children who adapted to incentives.
If I had not leapt onto the ladder of meritocracy I’d be struggling like many in my cohort and I’d still be without a people. The Millennial wealth gap is tearing social fabric because the divergence between our outcomes is so clear. Atomizing is part of assimilating.
I am now in a position in which I inhabit the lower rungs of the very top of the ladder. I have access & assets & a reputation for work in the infinite game of playing for leverage. There is security here to be had. But a Damocles blade hangs over us all.
American success isn’t cheap. And you may not always understand the costs at the outset.
If you’d like to read more about the millennial wealth gap I’d encourage you to look. I am lucky to be one of the “self made” in my cohort in that I picked work that ended up being well remunerated. I started from a decent place but we were poor for portions of my childhood. Startup life isn’t a smooth ride and Silicon Valley produces very uneven outcomes.
I will not however be a millennial heir. I’ll inherit debt. The great wealth transfer will not be coming my way. I’m grateful to have helped my family but equally grateful when they manage to take care of themselves. I am so sad so many of our elders spent so much that their heirs felt the best option was a race to climb out of the crab bucket of the meritocracy. I am glad I made it. But it hurt.
