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Chronicle Internet Culture

Day 27 and The Short Squeeze

The speed at which we’ve transited from insurrectionist attack on the heart of democracy to every man strikes at the heart of corrupt Wall Start has captured my attention. The GameStop squeeze may possibly be the most interesting story of the modern social age. The first wisdom of crowds moment striking at an institution and doing enough damage to get the beast’s attention.

We’ve careened from institutional faith crisis to the next in the long trudge out of the 2010s. And doubled down in 2021. Because it’s fundamentally the same energy. Tearing down the capital to stop the deep state to rallying around GameStop against the man is a straight line. The age of the extremely online is here

Both events have strong kek energy to it. It starts as a joke. Some sophomoric humor on the message boards. It is hilarious and fun how we all cosplay hax0rs blowing up Big Hedge Fund. But it will not be funny joke when a pension fund implodes. Just as it wasn’t funny when we had a kek coup on January 6th. One sounds like a stretch. We could never find ourselves in a place where trolls blow up an essential financial instrument on which millions rely for their futures. But then no one thought a D list celerity pretending to be a businessman could ride a gold escalator into the White House either.

The GameStop happening is just the first instance of memetic market manipulation. Institutionals will get caught without realizing it. Because mimicry online lets idea evolution happen swiftly. The base reference materials quickly get widely diffused and most folks aren’t even aware of the source. Ideas get separated from the original context, for good or ill. Hence Trump and sedition being both serious and a joke. It’s funny till it’s a federal crime. You may not realize you are perpetuating something with source material that is meant to either redpill or push a grift or policy position. Which probably explains why there were so many confused Boomers who couldn’t figure out how they had accidentally committed treason.

I’d be surprised if we bring any politicians to justice in the capital attacks. But I don’t doubt the SEC finds a way to make internet mob pump and dumps illegal. Sure that would require that literally anyone in regulatory oversight roles understood how meme cults perpetuate. We can barely wrap our head around memes electing politicians. Moving markets is too much for the imagination. Except that it’s happening right now it just may threaten the powers that be. Fuck with democracy fine. Fuck with the capital markets. Now you’ve got our attention.

What worries me the most is despite seeing the straight line from danger to democracy to internet mobs throwing themselves at the markets, I am having so much fun watching it all unfold.

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Chronicle Media Politics

Silicon Valley Isn’t Modern and That’s Why It’s Good

My favorite genre of essay is elites discovering the system is fucked. The latest to catch my eye is ostensibly about a mother for whom the medical system failed her child and who then like Alice in Wonderland has to completely reset her expectations of reality. It’s a spectacular piece of writing in Tablet Mag by Alana Newhouse that weighs in on many topics near to my heart like modernism, Marxism and the aesthetics of the future. It’s helpful to understand the context from which she writes which is conservative Jewish American which is an uneasy set of political priors in our current moment (she hints at biological essentialism and the benefits of religious community order which are to put it mostly just not my jam). But this gives her a firm base for the cultural critique of both socialism and the individualism of which I’m a proponent.

She references back to an excellent piece in The Verge about the flatness of millennial Silicon Valley consumption. It’s a significant and widespread aesthetic of ease and consumption we’ve all experienced. Some of us even like frictionless capitalism as she lays it out.

I also think she’s dead wrong about about both it’s causes and it’s main perpetrators. She blames Silicon Valley for the great flattening. Lays at its feet the horrors of socialism and capitalism alike with a hearty dose of Soviet aesthetics as its anchor.

But that’s just not the historically accurate view of Silicon Valley. I like to think I have some authority on the subject at hand for a multitude of reasons. If anything I am emblematic of her thesis. I’m someone who has fallen through the medical system by being spat out of the ringer of hustle culture. I also chose this fate willingly.

And it was not the aesthetics of Silicon Valley, late stage capitalism or libertarians who set my fate in motion. Or even American Calvinists (again I would know ask me how set theory and Russels paradox made me a born again Calvinist). It was the fucking boomer hippies.

Hear me out. I know this as I was born in Fremont (Palo Alto’s poorer sister) to a family of hippies who immigrated to Silicon Valley because they were devoted to the ethos of the Whole Earth Catalog. Information wants to be free and all that early optimism. They get woo. They were Age of Aquarius believers. They weren’t remotely modernists or Marxists. Hippies may be have pretended to be collectivists but in the end they were all about the pursuit of selfish enlightenment.

So I guess she gets the communitarian roots of it quite right. She simply missed the inherent radicalism of its early adherents. And I suppose it’s easy to forget this as most of the successful adherents became quite wealthy and became the anchor tenants of NIMBY towns like Boulder and Big Fork. They became the things they never wanted.

In other words Silicon Valley hippies became the Boomers their millennial and Gen X children know and hate. I honestly feel terrible saying this as my parents are the light of my life and I owe everything to them. My mother in particular hates being called a Boomer. As it’s come to represent an inversion of their core beliefs. It’s not really fair to be honest. They are better people than the term flattening could ever suggest.

Nevertheless it is true that Stewart Brand’s legacy is a complex one. The network society didn’t at all emerge into the utopia they envisioned. I believe it haunts them. It’s the great shame of their generation that their legacy on the turning of the cultural wheel would do so much to harm the very people they built it for: their children. And it wasn’t at all their intention.

Silicon Valley people are radical. But they actually believe quite a bit in hierarchy. They just believe it is earned. Founders wouldn’t be worshipped as messianic figures if this weren’t our culture. We wouldn’t have significant and elaborate sets of cultural capital signifiers if we believed in communists aesthetics of equality. Just because the outcome appears brutal doesn’t make it brutalist. Bertolt Brecht would be appalled to be compared to the radicalism of Silicon Valley’s meritocracy. It’s probably helpful to remember that Jacobin revolutionaries are not the same as those who exalt in the unique power of individualism.

But it’s a common historical fallacy Americans try to evoke as we become more and more uncomfortable with just how close our worshiping of liberties can overlap with the nationalist strongman of fascists of yore.

But the difference is the network state of Silicon Valley is a philosophy of freedom. It’s deeply retrograde in some aspects. It exalts the possibility of excellence for all that chose the system. That’s why America has been the country of immigrants in modern imagination. Being an American was a choice. So was Silicon Valley. The network is a choice. No one is born jacked in. Eventually you make a choice to be a part of it. The question I have is why do so many of us think we are victims of the choices we made?

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Chronicle

Time Rich But Energy Poor

I’ve got nothing but time. It’s been two years since I was diagnosed with an autoimmune disease that took my ability to walk and work. Thankfully only for a time. I’m on other side mostly which has afforded me a chance at introspection on the experience of living with all the time in the world but none of the energy to live it. When you are busy you have fantasies about time. The freedom it will afford you. What you will do with it. Canceling a plan is a delicious pleasure. You crave free time. Which is a misnomer really. Nothing about time is ever free. It’s the most expensive commodity we have. And you can’t really buy more.

So it’s an an odd sensation going from being busy to have total control over your time. It’s being wealthy in the truest sense. I’m a time billionaire. I have most of my life ahead of me and no real claims on my time. But when I was working on recovery I found that despite having no schedule or obligation I couldn’t make any use of my time. I was like the bibliophile Henry Bemis in Twilight Zone who is stranded in a library after a nuclear apocalypse but breaks his glasses before he can even crack a book. He had all the time in the world but no way to spend it. It’s a heartbreaking realization.

For the first time in my life I answered to no one. I spent my day in bed. But not because I wanted to. Because I couldn’t get myself out of bed. People would ask me well how do you spend your time? “If I were you I’d binge watch television or catch up on all the great works of literature.” I’d try to be polite about it but I was too tired to hold my head up on a pillow and follow a plot. My mind was too foggy and slow to take in insights. I lay in bed in a perpetual twilight. Barely cogent. Like Henry Bemis just as I thought I would have all the time in the world human frailty intervened. Without his glasses he couldn’t read. Without my health I couldn’t think. And like Henry my greatest pleasure was ripped away.

Unlike Henry Bemis I got better. We will never know if he found another pair of reading glasses in his bombed out world. I like to think he did. Maybe he wandered stumbling for miles and found an optometrist store with just the right prescription.

A new section I’ll add to each day with some media and consumables I found interesting.

Cosmetics: I’ve recently become diligent about applying vitamin C as a skin serum and my face has never looked better. I use this Superdose from Beauty Pie.

Media: New York Magazine is laundering the ZeroHedge conspiracy that the virus is escaped from a lab. So that’s fun to see come full circle to media legitimacy. Zero Hedge walked so NY Mag could run?

Food: I ate pulled pork from West End Tavern in Boulder.

Clothing: For my own amusement I wore a pair of pink sweatpants while taking my daily hike.