Life in the Gyre

24+ I been watchin’ you watchin’ her watchin’ herself in the mirror.High Ton
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Demonetized
Member
Demonetized

Great piece, Rusty. I think it’s incredibly important to understand the mechanics of fiat news and “virality.” This piece does a nice job of laying that out.

5+
Giggles the Clown
Member
Giggles the Clown

Nice piece, Rusty. I am definitely guilty of this. It’s SCARY how well you nailed my understanding of the current boarder crisis.

On another note, I can’t help but think of the Mexican standoff scene from Reservoir Dogs while reading about the Panopticon and how society seems to be handling it.

1+
Philip
Member
Philip

I started to make these comments under the election index, but didn’t. Now seems a good time.

I am reminded of Daniel Boorstin’s book, The Image: A Guide to Pseudo Events in America. Pseudo events are the ones that cover the stories surrounding an event instead of the event itself. Think of all those Super Bowl articles and videos that are about how many people are covering the Super Bowl. How many hot dogs will be sold.

The plot of stories around the debates were largely about the coverage of the debates., not the debate content. I did mental math at the time and come up with more than 40%. The stories about debate coverage had higher individual scores than any of the specific content subjects. The debate was a pseudo-event, designed to be covered, not taken seriously.

The book is surely dated. I’ve not gone back to look at it. But it is informative for the day in which we find ourselves.

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Ward Good
Member
Ward Good

I wonder how much of this echoing and commentary is meant primarily for publicity and the creation of buzz. Brett Stephens today decries the Jacobin’s in the latest Kaepernick nonsense https://www.nytimes.com/2019/07/04/opinion/nike-kaepernick-america.html and I have to think he and Nike are delighted at the publicity. They’re not selling sneakers to those of us who find outrage over the Betsy Ross flag risible, inane and unpatriotic.

0
Tyler Harris
Member
Tyler Harris

What I would like to know is where I can find the raw facts reported least passionately and most consistently? Any recommendations from other readers?

0
bmsobel
Member
bmsobel

For this reason I stick to the FT and only go to “the others” if there is a specific article (yes, the “opinion” pages are generally a sewer). The Financial Times (on line or paper) is the most complete one stop shop and there is certainly not a US Bias. Running Global Equity portfolios for 30 years the amount of pure information in every issue is the equivalent of falling down the rabbit hole of Bloomberg stories and realizing four hours have passed (not Bloomberg Mag with 80% of its content about what they think, care about and what you should think and care about).

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