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GameStop, Bitcoin and the Commoditization of Populist Rage

stephendiehl.com

181–190 of 197 posts

Re: GameStop, Bitcoin and the Commoditization of Populist Rage

#181
post #40

> Everyday I see a world where many in my generation have simply given up all hope for opportunity of a family, a house, a stable career and forced to confront an uncertain future in a world that is slowly boiling itself to death. South Korea and Japan are 10-20 years ahead of the same curve here. However, the result has been resignation and stagnation, not revolution. https://en.wikipedia.org/wiki/Sampo_generation h…

They are not 10 to 20 years ahead of the curve. The Sampo and Satori generations are very much in the same age bracket as Western millenials. Stagnation and resignation has also been the answer for millenials in the West. If by revolution you mean the recent Capitol riots, most of the protesters were over 40 and well off. If anything I'm surprised by how politically apathetic this (my) generation is.

Engaging in political activity would require leaving my room.

Re: GameStop, Bitcoin and the Commoditization of Populist Rage

#182
post #157

Earlier quoted context omitted.

I agree with your opinion of the phrase’s use here. Hobbes was talking about more than “no guarantees” though; he was referring to a life outside of society. The rest of this comment is about that, and tangential to the topic at hand. He was working from the axiom that laws are what create societies, that “nature” without laws makes the life of man “solitary, poor, nasty, brutish, and short.” It’s interesting how the…

Even if nature has about as much cooperation as competition, society seems to put a damper on the nastier effects of competition. While we can find amazing examples of cooperation in the record of human history and prehistory, we also find a lot of brutal behavior which seems to have become almost monotonically less frequent ever since we started organizing into complex societies. (Also, as predicted by complex syste…

Such as what? All civilization has done is systematize humanity's best and worst tendencies. It hasn't actively changed them. If anything, one could argue that it's much easier to cause harm and destruction than it has been at any time history.

Re: GameStop, Bitcoin and the Commoditization of Populist Rage

#183

Earlier quoted context omitted.

The major reason my small ruralish home town has a brain/talent/youth drain is the lack of high quality jobs. I'm pushing to move to my partners small ruralish town now that we can work remote but her fear is the lack of like minded friends. It's sad because it is much more enjoyable and realistic to live, raise a family, and buy a home in these types of areas as compared to a city.

What qualifies as a like-minded friend? Same hobbies? Same political ideology? Same profession?

Some glob of all of those. Someone we'd be interested in spending significant amount of time with. People who we'd be okay with them being our primarily in person friend group.

Re: GameStop, Bitcoin and the Commoditization of Populist Rage

#184

Earlier quoted context omitted.

What qualifies as a like-minded friend? Same hobbies? Same political ideology? Same profession?

Some glob of all of those. Someone we'd be interested in spending significant amount of time with. People who we'd be okay with them being our primarily in person friend group.

I moved from Los Angeles to the rural area I grew up a year ago. The biggest thing I miss is the people. There are a fraction of the people here that there were in LA and the average education, income, and general approachability here is much lower. Plus almost everyone I have met out here is refusing to get the Covid vaccine because of conspiracy theories.

Re: GameStop, Bitcoin and the Commoditization of Populist Rage

#185

Earlier quoted context omitted.

There are plenty of old people buying lottery tickets. All of these justifications are just an excuse to erect artificial barriers around the early stage market (aka where all the upside is). People should be free to spend their money as they see fit, even if that means shoveling it into a campfire.

The lottery isn't a scam, it won't call you at bedtime threatening devastating legal action unless you take care of this very urgent business matter.

If that's the criteria for scam, investing in GameStop or early stage companies is also not a scam.

Re: GameStop, Bitcoin and the Commoditization of Populist Rage

#186
post #157

Earlier quoted context omitted.

Even if nature has about as much cooperation as competition, society seems to put a damper on the nastier effects of competition. While we can find amazing examples of cooperation in the record of human history and prehistory, we also find a lot of brutal behavior which seems to have become almost monotonically less frequent ever since we started organizing into complex societies. (Also, as predicted by complex syste…

Such as what? All civilization has done is systematize humanity's best and worst tendencies. It hasn't actively changed them. If anything, one could argue that it's much easier to cause harm and destruction than it has been at any time history.

Well, we are in the least violent period of human history, and we have a lot of evidence that violence has been decreasing almost continually for all of history. https://slides.ourworldindata.org/war-and-violence/#/title-s...

Re: GameStop, Bitcoin and the Commoditization of Populist Rage

#187

Earlier quoted context omitted.

Do you allow literally anyone, regardless of situation, to claim "woe is me"? I understand that "one-downmanship" can be used to dismiss legitimate claims, but the existence of such tactics does not automatically validate anyone who claims their lives are hard. The original article used a line from Hobbes regarding existence pre-society, which does not apply. The author could have used many valid other things in the…

> Do you allow literally anyone, regardless of situation, to claim "woe is me"? As far as one-downmanship-- it can make sense in personal situations where trust is high and someone opens up about suffering. Perhaps in other high-trust instances, where it's likely to be interpreted as bonding/guidance and not muscle-flexing. But even in those cases it can quickly become unhelpful, hence the Python sketch getting lots…

For what it's worth, I can tell you I'm being completely sincere here and I just wish the literal most privileged people in the world would look a bit around them before claiming to live oh-so-horrible lives.

I say so being a third world inhabitant who has spent some time in the first world and noticed people there simply do not know how much they have it good.

Re: GameStop, Bitcoin and the Commoditization of Populist Rage

#188
post #156

Earlier quoted context omitted.

Life is not a zero-sum game. The reason why some people have little is not that some people have a lot. This is not something we will agree on. I agree that the distribution of wealth could be a lot more equitable, but I fundamentally disagree with this idea that "If some people have little, that is only because evil/stupid people don't want them to have more". The world is a lot more complicated than that. I live in…

Physics is also a lot more complicated, but we have some simple approximations that help us describe a lot of our world. I agree, life is more complicated than a zero-sum game, but can you argue that it doesn't behave like it is for most people?

I don't think it does, no. I think our intuition is that it does, because that intuition works pretty well for tribal, hunter-gatherer life, but it doesn't really work in modern society.

Re: GameStop, Bitcoin and the Commoditization of Populist Rage

#189

Earlier quoted context omitted.

Some glob of all of those. Someone we'd be interested in spending significant amount of time with. People who we'd be okay with them being our primarily in person friend group.

I moved from Los Angeles to the rural area I grew up a year ago. The biggest thing I miss is the people. There are a fraction of the people here that there were in LA and the average education, income, and general approachability here is much lower. Plus almost everyone I have met out here is refusing to get the Covid vaccine because of conspiracy theories.

Yup. It's funny I describe one of the biggest downsides to smaller areas as only having 1 of a given restaurant/retail option. Like Chinese food? There is probably 1 restaurant close by. In the city you had 15-100. Grocery store? 1.

I havnt thought about it before but it's probably very similar with the people. People who enjoy the same type of music as you and that you'd want to hangout with? 1. People who enjoy playing boardgames and have time to play them? 1. Potential life partner? 1.

The options just drastically decrease which is hard to cope with for a lot of people.

Re: GameStop, Bitcoin and the Commoditization of Populist Rage

#190

Earlier quoted context omitted.

Agreed the idea that "everybody study STEM or get a PHD" is flawed, not everyone can have a white collar job with a high salary. The goalposts will just move, look at SK for example almost every millennial there has a collage degree yet still many of the college graduates that went to less elite schools work at 711. Also in China art graduates make more than STEM graduates since a STEM grad is a dime a dozen.

Are all art grads in China that well off or only the few rockstars ?

Of course not. A random google search led to this: https://www.statista.com/statistics/307262/china-average-ann...

Saying arts major earn better than techies is like saying professional sports are more promising than tech jobs. Both are gross negligence of stats.

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