What Elon is doing is a revolt by entrepreneurial capital against the professional-managerial class regime that otherwise everywhere dominates (including and especially large tech companies), and that same PMC (which includes the media) is treating it as an act of lèse-majesté.
In Burnham’s formulation, this new managerial class would supplant the former business-owning bourgeois and even capital itself as the elite ruling class.
Most woke ‘labor’ scandals in tech are an entitled middle-management class at odds with founders.
Elon simply defenestrating the entire HR regime, the ESG grifters, the Skittles-hair people with mouse-clicking jobs who think themselves bold social crusaders rather than a parasitic weight around any organization’s neck, is an intolerable overturning of the social order.
Twitter *must* fail after the purge of such a former elite. For if Twitter does not fail, if in fact it manages to emerge stronger than before, then what sort of example would this set for every other organization similarly captured by this elite? Unthinkable.
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As many people did, I got lots of cautionary messages from our VCs over the past week as the FTX situation has spiraled. I wanted to share with the team (and now everybody) my personal take on the situation, as someone who's watched more than one bubble and crash come and go.
The tl;dr is that this crash, though obviously tragic for those caught up in SBF's grift (and I'm not diminishing that), this is not an apocalyptic economic event, nor is it a world-ending event for crypto.
This is an important thread where @mattyglesias is being admirably both descriptive and candid about the nature of tech journalism for the past 4-5 years, and why you're seeing such a bitter backlash by techies against 'the media'.
While it seems it's a war that media 'won' in that there's very much been a vibe shift (in the public discourse at least) against tech, it's one that ultimately demolished tech journalism as a player in tech life. Nobody gives a shit about the journos anymore...at all.
When's the last time a tech journalist actually broke a big story? Or landed some punch that actually upset a company or entrepreneur? When's the last time tech journalists did much of anything except talmudically debate the tweets of techies otherwise indifferent to them?
Friend is voting in Israel and sent me this. Interesting the various forms democracy takes.
You vote for a party officially rather than a person. So you take your party’s slip of paper from the tray, put it in an envelope and in the ballot box it goes.
Note the Arab translations for Israeli Arabs who vote on the poster.
"Israel: one of the few Middle Eastern countries that gives Arabs an actual vote."
The barbarism of the war, unleashed on soldiers barely more than children, made an impression on anyone who read it.
Sure...it was the 80s and there was a Cold War on, with nuclear subtexts. But to most of our young travails you could say 'well....it's not trench warfare...'
In fact, to most of what anyone claimed as a privation or offense or an ordeal, you could more or less say the same, and everyone understood that in the full theater of human suffering, we've got it pretty sweet actually.