The Long Now has severed the tether between taxation and spending – the most important macroeconomic policy relationship in our social lives as both investors and citizens.
Here’s what that means.
And here’s what we’re going to do about it.
ET In Full
It is our second time now to turn the lens we apply to other news sources to our own creative output. Here is a Very Epsilon Theory retrospective on 2019.
Fiduciary standards, prudent man rules and client sensibilities compel us toward fervent pursuit of “alignment.” There’s just one little problem: we can never be aligned with our agents.
You know, everyone is all in a tizzy about Softbank paying Adam Neumann $1.7 billion just to go away.
My unpopular opinion: the Adam Neumann story is repeated in a non-infuriating and non-obvious way every day in every S&P 500 company. And it’s been going on for a DECADE.
One day we will recognize the defining Zeitgeist of the Obama/Trump years as an unparalleled transfer of wealth to the managerial class.
I believe that we are on the cusp of the Long Now becoming irreversible. Or at least irreversible without a cataclysmic Fall.
Why? Because they have mastered the art of stealing our tells. At scale.
Here’s how we start to confound the stolen tells. At scale.
It won’t be noticeable at first. And then it will. And then it becomes a self-sustaining narrative. And then the world starts to change.
In an orchard, it isn’t always easy to tell the difference between rust and blight. The same goes for our cultural institutions.
Some should be pruned.
Some should be ripped up root and stem.
It’s not always easy to know which. But if we want our sons and daughters to sit in the shade of our trees, we must learn.
It’s time to start a fire. To burn, yes, but also to illuminate.
My advice? Abandon the political party as your vehicle for political participation.
My alternative? Find your Pack.
My platform? Make – Protect – Teach.
Search and Discovery
Navigate Epsilon Theory by searching for content, themes or topics traditionally or by navigating using our NLP-powered Discovery Map below.
Long-form, short-form and interactive video content are all accessible from the menus at the top of the page.
It’s the July 30th, 2019 ET Live! Today, we’re all MMT’ers, or at least that’s the narrative in political space. But what about markets?
It’s the July 9th ET Live!, where we dive into all things Libra, Facebook and get an update on market narratives.
Join us here at 2PM Eastern today for the latest edition of ET Live. Today’s edition is all about the grotesque charades and cartoons being used to cynically manipulate narratives. Not one to miss.
Ben and Rusty update subscribers on the shift from cooperative to competitive games and our narrative research program, with a focus on the China Trade War and US electoral politics.