A $100 million gift gets @elonmusk a snarky NBC article with incongruous historical references.

This epitomizes the sorry state of tech journalism today.

1/6
Though @bpopken compares Musk unfavorably with Rockefeller and Carnegie for supposedly delaying serious giving, the bulk of Carnegie’s philanthropy began around age 65, and Rockefeller’s was also concentrated after age 60. Musk is 49.

2/6
Rockefeller and Carnegie had businesses generating significant cash flow for years by that point.

As recently as 2019 Musk was risking Tesla’s survival to bring out a lower-cost electric car (which could do more than billions of dollars of gifts to reduce emissions).

3/6
The lesson: many tech reporters will go after entrepreneurs no what they do. They’ll go after those with the most soul in the game—the founders most dedicated to a greater mission—with particular pettiness.

4/6
I’ve criticized many tech companies and executives. But our media often steers clear of the most substantive critiques, to focus on petty or misleading digs, pointlessly malicious attacks, or gleeful reports of stumbles. They often seem to want to see these founders fail.

5/6
We need a new approach to covering Silicon Valley—one that debates and explores how innovation can help society thrive, rejects petty or ideological attacks, and celebrates human creativity and true achievement.

6/6

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More from @NateAFischer

23 Jan
Our bureaucracies are too often woefully inept.
Given this record, shouldn't we reconsider the assumption that political "interference" is necessarily bad?

'"Yes, they were interfered with politically," said Lawrence Gostin... "But that’s not the only reason CDC didn’t perform optimally during COVID-19."'
A competent administration—one strong on common sense and a savvy understanding of risk—should exercise firm oversight over bureaucracies, recognizing their institutional biases and blind spots and treating their recommendations as only one of many factors.
Read 6 tweets
22 Jan
Many have rushed to defend Will Wilkinson out of a principled opposition to "cancel culture."

I take a different stance. These mobs will only be reigned in when too many of their elite proponents start to feel the pain. ...
By helping spare elite proponents of mob-inciting ideology such pain, we only prolong a trend that harms many ordinary people, such as this utility worker, who can less afford the cost and have fewer blue-checks rushing to their defense. ...
nbcsandiego.com/news/local/sdg…
The tide may actually turn—to a full rejection of this mob-inciting ideology, not just isolated forgiveness—when its elite proponents see their own friends destroyed by such mobs and personally feel the risk.

This historical example is instructive:
en.wikipedia.org/wiki/Fall_of_M…
Read 4 tweets
21 Jan
Radical thought: I’d always reflexively dismissed objections to usury, like any good Econ 101 student. But Plato’s objection to lending “without sharing risk” with the borrower—rather than to passive investment itself—recently stood out to me.

Maybe there are lessons for us. 1/4
@nntaleb has similarly noted that usury prohibitions in Islamic finance drove a more robust sharing of risk.

Such policies need not prevent the productive investment of capital (or return to the investor), but rather may encourage better arrangements of that investment. 2/4
In a society beset by financialization, perhaps policies—including usury restrictions—that discourage lending relative to equity investments would push a model of finance more focused on partnering with—and investing in—people than optimizing and levering assets. 3/4
Read 4 tweets
21 Jan
I get that many evangelical elites dislike Pentecostalism, but it’s interesting to see them so focused on their faults here on this one issue, after rarely attacking them.
Even less congruent is the way many of these same evangelical elites (though I don’t know about Erick) have celebrated the church of the Global South—where Pentecostalism is particularly prevalent—even describing it as the future of Christianity.
I also wonder if the mockery of Pentecostal practices is as much about class as it is theology. Will some—eg @DavidAFrench—who mock them when they involve Trump be as eager to mock black Pentecostal churches where similar practices prevail?
Read 4 tweets
21 Jan
If @FedSoc wants to remain relevant to the right, it should reject Lat’s vision.

It’s unclear why a Fed Soc like that Lat proposes would maintain any political influence (or appeal to donors) in a world of growing politicization.

1/5
Lat’s Fed Soc would offer little to the right (who couldn’t have confidence in its members on important political questions decided by the judiciary), and still wouldn’t appeal to the left (who always pick nominees who will side with them politically).

2/5
Further, Lat’s Fed Soc, by shunning anything seen as political, would invariably converge with the (leftwing) political norms of law schools—rendering it nominally apolitical, but practically just another variant of the ubiquitous professional orgs in left-dominated fields.

3/5
Read 6 tweets
12 Jan
Some thoughts on the Capitol protest:

First off, LOL at talk of a "coup." Media narrative-pushing has become absurd.

There were some terrible events, including the death of the policeman. Any serious violent crimes should be prosecuted. 1/12
The vast majority of people there were simply peacefully protesting. Some broke the law. As with any protest, any vandalism or trespass was bad and should be treated in line with similar acts at other protests. 2/12
We need details on who did what. It appears the worst activities were committed by a small number of people, and we need to know who they were and what exactly they did. 3/12
Read 12 tweets

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