My interpretation: e/acc is the descent of Silicon Valley venture capitalists into extremism, propelled by the threat of high interest rates. Another factor is a more (justifiably) pulled-back approach to the tech industry, as people & govts realize the harms of letting technologists run loose and play fast with their power (social media companies are a good example). Tech optimism (not the odd a16z variety) is great…
I mean, they're neoreactionaries. Remember how Andreesen literally recommended the co-author of the original Fascist Manifesto as someone we should all be looking to. It's the same as the proto-Fascism (to speak very precisely) of the Italian Futurists: forward to an authoritarian future with technology.