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Javier E

Opinion | Netflix is losing subscribers. A slowdown might be good for everyone. - The W... - 0 views

  • while an end to the content boom may be hard on writers, directors and actors, it could offer viewers some relief.
  • Netflix and other streaming services sold the U.S. public on convenience and abundance
  • this came with a cost. Binge-watching and the content boom helped atomize American culture
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  • the streaming wars seduced Hollywood into abandoning a successful business model that supported a vibrant film and television ecosystem — one encompassing blockbusters, breakout indies and romantic comedies, sitcoms and “The Sopranos.”
  • the laws of demography, time and economics were bound to reassert themselves. There are only so many people in the country where streaming services operate. They have only so much money to spend on entertainment.
  • there are the challenges posed by the geopolitical complexities of the entertainment business. Netflix recorded a loss of subscribers rather than a mere slowdown in subscription growth because it stopped offering its services in Russia.
  • Even when a Netflix show is wonderful, loving it can be a lonely experience if no one else is watching along with you. The weekly release model made cliffhangers possible.
Javier E

'Looking for the Good War' Says Our Nostalgia for World War II Has Done Real Harm - The... - 0 views

  • Glib treatments of World War II have done real harm, she says, distorting our understanding of the past and consequently shaping how we approach the future. As “the last American military action about which there is anything like a positive consensus,” World War II is “the good war that served as prologue to three-quarters of a century of misbegotten ones.”
  • Like the cadets she teaches at West Point, civilians would do well to see World War II as something other than a buoyant tale of American goodness trouncing Nazi evil. Yes, she says up front, American involvement in the war was necessary. But she maintains that it’s been a national fantasy to presume that “necessary” has to mean the same thing as “good.”
  • The United States only entered the war after the attack on Pearl Harbor — and even then, Samet says, contemporary observers remarked on “a general American indifference to the fact that the world was on fire.”
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  • The war in the Pacific was “begun in revenge and complicated by bitter racism,
  • The fall of Saigon in 1975 may have temporarily hobbled the American strut of exceptionalism and invincibility, but the end of the Cold War and the beginning of Operation Desert Storm worked to restore some American confidence.
  • she also shows how Hollywood was quick to overwhelm the culture with its “habitual optimism.” The 1947 movie “The Hucksters,” for instance, begins with a veteran returning to the advertising business only to find himself feeling disgusted by it; the happily-ever-after ending comes not with him rejecting the industry but with his resolve to “sell good things, things that people should have, and sell them with dignity and taste.”
  • Surveying the records of the era, Samet contrasts this dehumanization with the portrayal of European fascists, who were more typically described as “gangsters.”
  • She ends with a chapter on the old Lost Cause mythology of the Civil War, which we have turned into “a kind of theme park,” suffused with symbolism and nostalgia, ignoring the expansionist wars this mythology later enabled. The country’s imperialist ambitions in the late-19th and early-20th centuries were promoted as a nationalist project that would finally unite the North and South against a foreign enemy.
Javier E

How to Get Rich and Famous From a Stock Market Crash - WSJ - 0 views

  • Michael Burry is the latest seer with a shaky encore. His early but successful bet on the 2007-08 housing bust made him rich and—after Christian Bale played him in the Hollywood adaptation of Michael Lewis’s “The Big Short”—famous. But he has also made at least five dire predictions about stocks in just the past four years with comments such as “could be worse than 2008” and “greatest speculative bubble of all time.”
  • Buying the S&P 500 instead would have made an investor money each time in the six months after his views became public. The average annualized gain was 34%—about four times the index’s long-run appreciation. His latest public warning was a one-word tweet this January from a frequently deleted account called Cassandra BC: “SELL.” 
  • To the uninitiated, the notional value of the derivatives makes it look as though he bet nearly everything on a crash. That isn’t the case at all, but Burry has done nothing to disabuse his 1.4 million followers on X (formerly known as Twitter) of that idea.
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  • It isn’t hard to understand why prophets of doom get so much public attention, but how does one explain famous ones being so unimpressive after they become famous?
  • Numerous studies of expert opinion have shown that pundits are, as a group, as accurate as a coin flip.
  • The explanation is simple, according to “Predicting the Next Big Thing,” a 2010 study by Jerker Denrell and Christina Fang. People who got rich and famous on extreme bets tend to follow up with more of them, and outlier predictions typically fail.
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Javier E

The End of Men - The Atlantic - 0 views

  • Earlier this year, women became the majority of the workforce for the first time in U.S. history. Most managers are now women too. And for every two men who get a college degree this year, three women will do the same
  • Why wouldn’t you choose a girl? That such a statement should be so casually uttered by an old cowboy like Ericsson—or by anyone, for that matter—is monumental. For nearly as long as civilization has existed, patriarchy—enforced through the rights of the firstborn son—has been the organizing principle, with few exceptions
  • “You have to be concerned about the future of all women,” Roberta Steinbacher, a nun-turned-social-psychologist, said in a 1984 People profile of Ericsson. “There’s no question that there exists a universal preference for sons.”
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  • In the ’90s, when Ericsson looked into the numbers for the two dozen or so clinics that use his process, he discovered, to his surprise, that couples were requesting more girls than boys, a gap that has persisted, even though Ericsson advertises the method as more effective for producing boys. In some clinics, Ericsson has said, the ratio is now as high as 2 to 1.
  • A newer method for sperm selection, called MicroSort, is currently completing Food and Drug Administration clinical trials. The girl requests for that method run at about 75 percent.
  • Even more unsettling for Ericsson, it has become clear that in choosing the sex of the next generation, he is no longer the boss. “It’s the women who are driving all the decisions,”
  • Now the centuries-old preference for sons is eroding—or even reversing. “Women of our generation want daughters precisely because we like who we are,”
  • what if equality isn’t the end point? What if modern, postindustrial society is simply better suited to women?
  • Even Ericsson, the stubborn old goat, can sigh and mark the passing of an era. “Did male dominance exist? Of course it existed. But it seems to be gone now. And the era of the firstborn son is totally gone.”
  • Ericsson’s extended family is as good an illustration of the rapidly shifting landscape as any other. His 26-year-old granddaughter—“tall, slender, brighter than hell, with a take-no-prisoners personality”—is a biochemist and works on genetic sequencing. His niece studied civil engineering at the University of Southern California. His grandsons, he says, are bright and handsome, but in school “their eyes glaze over. I have to tell ’em: ‘Just don’t screw up and crash your pickup truck and get some girl pregnant and ruin your life.’
  • Man has been the dominant sex since, well, the dawn of mankind. But for the first time in human history, that is changing—and with shocking speed. Cultural and economic changes always reinforce each other
  • And the global economy is evolving in a way that is eroding the historical preference for male children, worldwide
  • Over several centuries, South Korea, for instance, constructed one of the most rigid patriarchal societies in the world.
  • As recently as 1985, about half of all women in a national survey said they “must have a son.” That percentage fell slowly until 1991 and then plummeted to just over 15 percent by 2003. Male preference in South Korea “is over,” says Monica Das Gupta, a demographer and Asia expert at the World Bank. “It happened so fast. It’s hard to believe it, but it is.” The same shift is now beginning in other rapidly industrializing countries such as India and China.
  • As thinking and communicating have come to eclipse physical strength and stamina as the keys to economic success, those societies that take advantage of the talents of all their adults, not just half of them, have pulled away from the rest. And because geopolitics and global culture are, ultimately, Darwinian, other societies either follow suit or end up marginalized
  • None of the 30 or so men sitting in a classroom at a downtown Kansas City school have come for voluntary adult enrichment. Having failed to pay their child support, they were given the choice by a judge to go to jail or attend a weekly class on fathering, which to them seemed the better deal.
  • in the U.S., the world’s most advanced economy, something much more remarkable seems to be happening. American parents are beginning to choose to have girls over boys. As they imagine the pride of watching a child grow and develop and succeed as an adult, it is more often a girl that they see in their mind’s eye.
  • What if the modern, postindustrial economy is simply more congenial to women than to men?
  • what if men and women were fulfilling not biological imperatives but social roles, based on what was more efficient throughout a long era of human history? What if that era has now come to an end? More to the point, what if the economics of the new era are better suited to women?
  • Once you open your eyes to this possibility, the evidence is all around you. It can be found, most immediately, in the wreckage of the Great Recession, in which three-quarters of the 8 million jobs lost were lost by men.
  • The recession merely revealed—and accelerated—a profound economic shift that has been going on for at least 30 years
  • Earlier this year, for the first time in American history, the balance of the workforce tipped toward women, who now hold a majority of the nation’s job
  • With few exceptions, the greater the power of women, the greater the country’s economic success
  • Women dominate today’s colleges and professional schools—for every two men who will receive a B.A. this year, three women will do the same. Of the 15 job categories projected to grow the most in the next decade in the U.S., all but two are occupied primarily by women
  • Indeed, the U.S. economy is in some ways becoming a kind of traveling sisterhood: upper-class women leave home and enter the workforce, creating domestic jobs for other women to fill.
  • The postindustrial economy is indifferent to men’s size and strength. The attributes that are most valuable today—social intelligence, open communication, the ability to sit still and focus—are, at a minimum, not predominantly male. In fact, the opposite may be true
  • Yes, women still do most of the child care. And yes, the upper reaches of society are still dominated by men. But given the power of the forces pushing at the economy, this setup feels like the last gasp of a dying age rather than the permanent establishment
  • In his final book, The Bachelors’ Ball, published in 2007, the sociologist Pierre Bourdieu describes the changing gender dynamics of Béarn, the region in southwestern France where he grew up. The eldest sons once held the privileges of patrimonial loyalty and filial inheritance in Béarn. But over the decades, changing economic forces turned those privileges into curses. Although the land no longer produced the impressive income it once had, the men felt obligated to tend it. Meanwhile, modern women shunned farm life, lured away by jobs and adventure in the city
  • The role reversal that’s under way between American men and women shows up most obviously and painfully in the working class
  • The working class, which has long defined our notions of masculinity, is slowly turning into a matriarchy, with men increasingly absent from the home and women making all the decisions
  • “Let’s see,” he continues, reading from a worksheet. What are the four kinds of paternal authority? Moral, emotional, social, and physical. “But you ain’t none of those in that house. All you are is a paycheck, and now you ain’t even that. And if you try to exercise your authority, she’ll call 911. How does that make you feel? You’re supposed to be the authority, and she says, ‘Get out of the house, bitch.’ She’s calling you ‘bitch’!”
  • Just about the only professions in which women still make up a relatively small minority of newly minted workers are engineering and those calling on a hard-science background, and even in those areas, women have made strong gains since the 1970s.
  • “Who’s doing what?” he asks them. “What is our role? Everyone’s telling us we’re supposed to be the head of a nuclear family, so you feel like you got robbed. It’s toxic, and poisonous, and it’s setting us up for failure.” He writes on the board: $85,000. “This is her salary.” Then: $12,000. “This is your salary. Who’s the damn man? Who’s the man now?” A murmur rises. “That’s right. She’s the man.”
  • In 1950, roughly one in 20 men of prime working age, like Henderson, was not working; today that ratio is about one in five, the highest ever recorded.
  • Men dominate just two of the 15 job categories projected to grow the most over the next decade: janitor and computer engineer. Women have everything else—nursing, home health assistance, child care, food preparation
  • Many of the new jobs, says Heather Boushey of the Center for American Progress, “replace the things that women used to do in the home for free.” None is especially high-paying. But the steady accumulation of these jobs adds up to an economy that, for the working class, has become more amenable to women than to men.
  • The list of growing jobs is heavy on nurturing professions, in which women, ironically, seem to benefit from old stereotypes and habits.
  • The men in that room, almost without exception, were casualties of the end of the manufacturing era. Most of them had continued to work with their hands even as demand for manual labor was declining.
  • Many professions that started out as the province of men are now filled mostly with women—secretary and teacher come to mind. Yet I’m not aware of any that have gone the opposite way. Nursing schools have tried hard to recruit men in the past few years, with minimal success. Teaching schools, eager to recruit male role models, are having a similarly hard time
  • The range of acceptable masculine roles has changed comparatively little, and has perhaps even narrowed as men have shied away from some careers women have entered. As Jessica Grose wrote in Slate, men seem “fixed in cultural aspic.” And with each passing day, they lag further behind.
  • women are also starting to dominate middle management, and a surprising number of professional careers as well. According to the Bureau of Labor Statistics, women now hold 51.4 percent of managerial and professional jobs—up from 26.1 percent in 1980
  • About a third of America’s physicians are now women, as are 45 percent of associates in law firms—and both those percentages are rising fast.
  • When we look back on this period, argues Jamie Ladge, a business professor at Northeastern University, we will see it as a “turning point for women in the workforce.”
  • A white-collar economy values raw intellectual horsepower, which men and women have in equal amounts. It also requires communication skills and social intelligence, areas in which women, according to many studies, have a slight edge. Perhaps most important—for better or worse—it increasingly requires formal education credentials, which women are more prone to acquire,
  • The men are black and white, their ages ranging from about 20 to 40. A couple look like they might have spent a night or two on the streets, but the rest look like they work, or used to. Now they have put down their sodas, and El-Scari has their attention, so he gets a little more philosophical
  • Companies began moving out of the city in search not only of lower rent but also of the “best educated, most conscientious, most stable workers.” They found their brightest prospects among “underemployed females living in middle-class communities on the fringe of the old urban areas.” As Garreau chronicles the rise of suburban office parks, he places special emphasis on 1978, the peak year for women entering the workforce. When brawn was off the list of job requirements, women often measured up better than men. They were smart, dutiful, and, as long as employers could make the jobs more convenient for them, more reliable
  • Near the top of the jobs pyramid, of course, the upward march of women stalls. Prominent female CEOs, past and present, are so rare that they count as minor celebrities,
  • Only 3 percent of Fortune 500 CEOs are women, and the number has never risen much above that.
  • What are these talents? Once it was thought that leaders should be aggressive and competitive, and that men are naturally more of both. But psychological research has complicated this picture. In lab studies that simulate negotiations, men and women are just about equally assertive and competitive, with slight variations. Men tend to assert themselves in a controlling manner, while women tend to take into account the rights of others, but both styles are equally effective,
  • Researchers have started looking into the relationship between testosterone and excessive risk, and wondering if groups of men, in some basic hormonal way, spur each other to make reckless decisions. The picture emerging is a mirror image of the traditional gender map: men and markets on the side of the irrational and overemotional, and women on the side of the cool and levelheaded.
  • the perception of the ideal business leader is starting to shift. The old model of command and control, with one leader holding all the decision-making power, is considered hidebound. The new model is sometimes called “post-heroic,” or “transformational”
  • he aim is to behave like a good coach, and channel your charisma to motivate others to be hardworking and creative. The model is not explicitly defined as feminist, but it echoes literature about male-female differences
  • Most important, women earn almost 60 percent of all bachelor’s degrees—the minimum requirement, in most cases, for an affluent life.
  • Firms that had women in top positions performed better, and this was especially true if the firm pursued what the researchers called an “innovation intensive strategy,” in which, they argued, “creativity and collaboration may be especially important”
  • he association is clear: innovative, successful firms are the ones that promote women. The same Columbia-Maryland study ranked America’s industries by the proportion of firms that employed female executives, and the bottom of the list reads like the ghosts of the economy past: shipbuilding, real estate, coal, steelworks, machinery.
  • To see the future—of the workforce, the economy, and the culture—you need to spend some time at America’s colleges and professional schools
  • emographically, we can see with absolute clarity that in the coming decades the middle class will be dominated by women.
  • Women now earn 60 percent of master’s degrees, about half of all law and medical degrees, and 42 percent of all M.B.A.s
  • “We never explicitly say, ‘Develop your feminine side,’ but it’s clear that’s what we’re advocating,” s
  • n a stark reversal since the 1970s, men are now more likely than women to hold only a high-school diploma.
  • ne would think that if men were acting in a rational way, they would be getting the education they need to get along out there,” says Tom Mortenson, a senior scholar at the Pell Institute for the Study of Opportunity in Higher Education. “But they are just failing to adapt.”
  • I visited a few schools around Kansas City to get a feel for the gender dynamics of higher education. I started at the downtown campus of Metropolitan Community College. Metropolitan is the kind of place where people go to learn practical job skills and keep current with the changing economy, and as in most community colleges these days, men were conspicuously absent.
  • the tidal wave of women continues to wash through the school—they now make up about 70 percent of its students. They come to train to be nurses and teachers
  • As for the men? Well, little has changed. “I recall one guy who was really smart,” one of the school’s counselors told me. “But he was reading at a sixth-grade level and felt embarrassed in front of the women. He had to hide his books from his friends, who would tease him when he studied. Then came the excuses. ‘It’s spring, gotta play ball.’ ‘It’s winter, too cold.’ He didn’t make it.”
  • “The economy isn’t as friendly to men as it once was,” says Jacqueline King, of the American Council on Education. “You would think men and women would go to these colleges at the same rate.” But they don’t.
  • Men, it turned out, had a harder time committing to school, even when they desperately needed to retool. They tended to start out behind academically, and many felt intimidated by the schoolwork. They reported feeling isolated and were much worse at seeking out fellow students, study groups, or counselors to help them adjust.
  • Mothers going back to school described themselves as good role models for their children. Fathers worried that they were abrogating their responsibilities as breadwinner.
  • it began showing up not just in community and liberal-arts colleges but in the flagship public universities—the UCs and the SUNYs and the UNCs.
  • Guys high-five each other when they get a C, while girls beat themselves up over a B-minus. Guys play video games in each other’s rooms, while girls crowd the study hall. Girls get their degrees with no drama, while guys seem always in danger of drifting away.
  • realized how much the basic expectations for men and women had shifted. Many of the women’s mothers had established their careers later in life, sometimes after a divorce, and they had urged their daughters to get to their own careers more quickly. They would be a campus of Tracy Flicks, except that they seemed neither especially brittle nor secretly falling apart.
  • Among traditional college students from the highest-income families, the gender gap pretty much disappears. But the story is not so simple. Wealthier students tend to go to elite private schools, and elite private schools live by their own rules.
  • Quietly, they’ve been opening up a new frontier in affirmative action, with boys playing the role of the underprivileged applicants needing an extra boost
  • among selective liberal-arts schools, being male raises the chance of college acceptance by 6.5 to 9 percentage points
  • the U.S. Commission on Civil Rights has voted to investigate what some academics have described as the “open secret” that private schools “are discriminating in admissions in order to maintain what they regard as an appropriate gender balance.”
  • To avoid crossing the dreaded 60 percent threshold, admissions officers have created a language to explain away the boys’ deficits: “Brain hasn’t kicked in yet.” “Slow to cook.” “Hasn’t quite peaked.” “Holistic picture.”
  • Clearly, some percentage of boys are just temperamentally unsuited to college, at least at age 18 or 20, but without it, they have a harder time finding their place these days
  • “Forty years ago, 30 years ago, if you were one of the fairly constant fraction of boys who wasn’t ready to learn in high school, there were ways for you to enter the mainstream economy,” says Henry Farber, an economist at Princeton. “When you woke up, there were jobs. There were good industrial jobs, so you could have a good industrial, blue-collar career. Now those jobs are gone.”
  • the disparities start before college. Throughout the ’90s, various authors and researchers agonized over why boys seemed to be failing at every level of education, from elementary school on up
  • identified various culprits: a misguided feminism that treated normal boys as incipient harassers (Christina Hoff Sommers); different brain chemistry (Michael Gurian); a demanding, verbally focused curriculum that ignored boys’ interests (Richard Whitmire)
  • t’s not all that clear that boys have become more dysfunctional—or have changed in any way. What’s clear is that schools, like the economy, now value the self-control, focus, and verbal aptitude that seem to come more easily to young girls.
  • movement is growing for more all-boys schools and classes, and for respecting the individual learning styles of boys
  • In their desperation to reach out to boys, some colleges have formed football teams and started engineering programs.
  • allowing generations of boys to grow up feeling rootless and obsolete is not a recipe for a peaceful future. Men have few natural support groups and little access to social welfare; the men’s-rights groups that do exist in the U.S. are taking on an angry, antiwoman edge.
  • Marriages fall apart or never happen at all, and children are raised with no fathers. Far from being celebrated, women’s rising power is perceived as a threat.
  • his is the first time that the cohort of Americans ages 30 to 44 has more college-educated women than college-educated men, and the effects are upsetting the traditional Cleaver-family dynamics. In 1970, women contributed 2 to 6 percent of the family income. Now the typical working wife brings home 42.2 percent, and four in 10 mothers—many of them single mothers—are the primary breadwinners in their familie
  • ncreasing numbers of women—unable to find men with a similar income and education—are forgoing marriage altogether. In 1970, 84 percent of women ages 30 to 44 were married; now 60 percent are.
  • or all the hand-wringing over the lonely spinster, the real loser in society—the only one to have made just slight financial gains since the 1970s—is the single man, whether poor or rich, college-educated or not. Hens rejoice; it’s the bachelor party that’s over.
  • The sociologist Kathryn Edin spent five years talking with low-income mothers in the inner suburbs of Philadelphia. Many of these neighborhoods, she found, had turned into matriarchies, with women making all the decisions and dictating what the men should and should not do. “I think something feminists have missed,” Edin told me, “is how much power women have” when they’re not bound by marriage
  • he women, she explained, “make every important decision”—whether to have a baby, how to raise it, where to live. “It’s definitely ‘my way or the highway,’
  • Thirty years ago, cultural norms were such that the fathers might have said, ‘Great, catch me if you can.’ Now they are desperate to father, but they are pessimistic about whether they can meet her expectations.” The women don’t want them as husbands, and they have no steady income to provide. So what do they have?
  • Nothing,” Edin says. “They have nothing. The men were just annihilated in the recession of the ’90s, and things never got better. Now it’s just awful.”
  • The phenomenon of children being born to unmarried parents “has spread to barrios and trailer parks and rural areas and small towns,” Edin says, and it is creeping up the class ladder. After staying steady for a while, the portion of American children born to unmarried parents jumped to 40 percent in the past few years.
  • Many of their mothers are struggling financially; the most successful are working and going to school and hustling to feed the children, and then falling asleep in the elevator of the community college.
  • Still, they are in charge. “The family changes over the past four decades have been bad for men and bad for kids, but it’s not clear they are bad for women,”
  • Over the years, researchers have proposed different theories to explain the erosion of marriage in the lower classes: the rise of welfare, or the disappearance of work and thus of marriageable men
  • the most compelling theory is that marriage has disappeared because women are setting the terms—and setting them too high for the men around them to reach.
  • The whole country’s future could look much as the present does for many lower-class African Americans: the mothers pull themselves up, but the men don’t follow. First-generation college-educated white women may join their black counterparts in a new kind of middle class, where marriage is increasingly rare.
  • Japan is in a national panic over the rise of the “herbivores,” the cohort of young men who are rejecting the hard-drinking salaryman life of their fathers and are instead gardening, organizing dessert parties, acting cartoonishly feminine, and declining to have sex. The generational young-women counterparts are known in Japan as the “carnivores,” or sometimes the “hunters.”
  • American pop culture keeps producing endless variations on the omega male, who ranks even below the beta in the wolf pack.
  • At the same time, a new kind of alpha female has appeared, stirring up anxiety and, occasionally, fear. The cougar trope started out as a joke about desperate older women. Now it’s gone mainstream, even in Hollywood,
  • the more women dominate, the more they behave, fittingly, like the dominant sex. Rates of violence committed by middle-aged women have skyrocketed since the 1980
Javier E

Opinion | The W.G.A. Deal Offers a Blueprint on How to Save Your Job From A.I. - The Ne... - 0 views

  • A.I. is coming for workers in every sector, no matter their academic pedigree or sartorial choices. Now the W.G.A. has delivered a gift to future union negotiators. It’s illuminated an approach to negotiating around technology, and demonstrated the ways in which a white-collar rank-and-file can leverage labor solidarity toward the shared benefit of both management and employees.
  • Union negotiators can point to this agreement when employers refuse to bargain over technology in good faith. Moreover, the language in this agreement can serve as a model for other workers and employers, union and nonunion, who agree that neither an outright ban nor unchecked use of A.I. would be a sensible way forward. Workers can pressure employers to use technology to augment rather than automate work, asserting that technology does more than just increase the size of labor’s slice. It enlarges the whole pie.
Javier E

Xi Jinping's Favorite Television Shows - The Bulwark - 0 views

  • After several decades of getting it “right,” why does China now seem to insist on getting it “wrong?”
  • a single-party system meets with widespread, almost universal, scorn in the United States and elsewhere. And so, from the Western point of view, because it lacks legitimacy it must be kept in power via nationalist cheerleading, government media control, and a massive repressive apparatus.
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  • What if a segment of the population actually supported, or at least tolerated, the CCP? And even if that segment involved both myth and fact, it behooves the CCP to keep the myth alive.
  • How does the CCP garner popular support in an information era? How does a dictatorship explain to its population that its unchallenged rule is wise, just, and socially beneficial?
  • All of this takes place against a backdrop of family and social developments in which we can explore household dynamics, dating habits, and professional aspirations—all within social norms for those honest party members and seemingly violated by those who are not so honest.
  • watch the television series Renmin de Mingyi (“In the Name of the People”), publicly available with English subtitles.
  • In the Name of the People is a primetime drama about a local prosecutor’s efforts to root out corruption in a modern-day, though fictional, Chinese city. Beyond the anti-corruption narrative, the series also goes into local CCP politics as some of the leaders are (you guessed it) corrupt and others are simply bureaucratic time-servers, guarding their own privileges and status without actually helping the people they purport to serve.
  • the series boasts one of Xi’s other main themes, “common prosperity,” a somewhat elastic term that usually means the benefits of prosperity should be shared throughout all segments of society.
  • The historical tools used to generate support such as mass rallies and large-scale hectoring no longer work with a more educated and communications-oriented citizenry.
  • the central themes are quite clear: The party has brought historical prosperity to the community and there are a few bad apples who are unfairly trying to benefit from this wealth. There are also various sluggards and mediocrities who have no capacity for improvement or sense of public responsibilities.
  • So we see government officials pondering if they can ever find a date (being the workaholics that they are), or discussing housework with their spouses, or sharing kitchen duties, or reviewing school work with their child.
  • The show makes clear that the vast majority of party members and government officials are dedicated souls who work to improve peoples’ lives. And in the end, virtue triumphs, the party triumphs, China triumphs, and most (not all) of the personal issues are resolved as well.
  • The show’s version of the CCP eagerly and uncynically supports Chinese culture: The same union leader from the wildcat strike also writes and publishes poetry. Calligraphy is as prized as specialty teas. And all of this is told in a lively style, similar to the Hollywood fare Americans might watch.
  • n the Name of the People was first broadcast in 2017 as a lead-up to the last Communist Party Congress, China’s most important decision-making gathering, held every five years. The show’s launch was a huge hit, achieving the highest broadcast ratings of any show in a decade.
  • Within a month, the first episode had been seen over 350 million times and just one of the streaming platforms, iQIYI, reported a total of 5.9 billion views for the show’s 55 episodes.
  • All of this must come as good news for the prosecutors featured so favorably in the series—for their real-life parent government body, the Supreme People’s Protectorate, commissioned and provided financing for the show.
  • At a minimum, these shows illustrate a stronger self-awareness in the CCP and considerable improvement in communication strategy.
  • Most important, it provides direction to current party members. Indeed, in some cities viewing was made obligatory and the basis for “study sessions” for party cadres
  • Second, the enormous public success of the series and acknowledging deficiencies of the party allows the party to control the criticism without ever addressing the fundamental question of whether a one-party system is intrinsically susceptible to corruption or poor performance.
  • As communication specialists like to say, There is already a conversation taking place about your brand—the only question is whether you will lead the conversation. The CCP is leading in its communications strategy and making it as easy as possible for Chinese citizens to support Xi.
  • it is not difficult to see that in this area, as in many others, China is breaking with tactics from the past and is playing its cards increasingly well. Whether the CCP can renew itself, reestablish that social contract, and live up to its television image is another question.
Javier E

In Veterans Day Speech, Trump Promises to 'Root Out' the Left - The New York Times - 0 views

  • Using incendiary and dehumanizing language to refer to his opponents, Mr. Trump vowed to “root out” what he called “the radical left thugs that live like vermin within the confines of our country.”
  • “The threat from outside forces is far less sinister, dangerous and grave than the threat from within,” Mr. Trump said Saturday
  • Mr. Trump accused Democrats and President Biden of trying to roll back his efforts to expand veteran access to health care, causing soaring inflation, pushing the country to the brink of World War III, endangering the troops in Afghanistan and of lying and rigging elections.
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  • “I want this trial to be seen by everybody in the world,” Mr. Trump said to a cheering crowd, referring to his federal election trial in Washington. “The prosecution wishes to continue this travesty in darkness, and I want sunlight.”
  • As he has before, Mr. Trump again called for executing drug dealers, praising China for making drug trafficking a capital offense. But in New Hampshire, a state where the opioid crisis has hit particularly hard, he turned to an informal straw poll to strengthen his case.
  • “Let’s have a vote,” Mr. Trump said to the crowd. “Who would be in favor of the death penalty — now, wait, don’t go yet — knowing that it will solve the problem?”
  • Mr. Trump also repeated lies, falsehoods, exaggerations and half-truths that he has told routinely on a number of subjects, including on gas prices, U.S. energy independence, election fraud and the 2020 elections.“I’m a very proud election denier,”
  • And he complimented President Xi Jinping of China, of whom he said, “He’s like Central Casting. There’s nobody in Hollywood that can play the role of President Xi — the look, the strength, the voice.”
Javier E

Russian tycoon claims he is behind Forbes purchase, audiotapes show - The Washington Post - 0 views

  • “I just bought global Forbes,” Musaev told one of his associates, according to the material, referring to the Forbes Media Group, which includes the U.S. edition of the magazine. “You understand when you have in your hands the key to the most authoritative global brand, this key will give me access to anyone.”
  • Musaev repeated the claim again and again, according to the tapes. In one of the recordings, the videotape reviewed by The Post, he called Russell “the face” of the deal and insisted his own involvement be kept quiet. “I am doing it more subtly,” he said, according to the recording. “You understand,” he said at one point, “I am not working with a sledgehammer, nor with a scalpel, but with a laser.”
  • It’s unclear from the tapes whether Musaev was describing himself as a kingmaker, rather than an investor, who had helped bring the deal together and would garner future influence from his role; whether he was a secret investor putting money into the transaction through others; or whether he was simply making false or exaggerated claims.
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  • He denied he could have told his associates he had bought Forbes, but he did not respond to subsequent requests for comment about the tapes. In a later emailed statement, he said: “I have no investment in this transaction and no plans to invest in any way in the future, whether directly or indirectly.”
  • Russell courted potential investors in Silicon Valley and Hollywood over the summer — an attempt to bring in American ownership even as he maintained ties to foreign funders, according to four people who have worked with Russell on the deal, who, like others, spoke on the condition of anonymity to describe private business matters.
  • Musaev holds the license to publish Forbes Russia, one of the dozens of local language editions of Forbes magazine that are part of the overall media group, and has close connections to some of the individuals reported to be investors backing Russell, according to a former Musaev business partner, Pavel Cherkashin, as well as three additional people familiar with the deal.
  • In a memo circulated to policymakers on Capitol Hill in July and seen by The Post, Treverton cited information showing the deal’s foreign investors, including, he claimed, Khemka’s daughters, would contribute nearly 50 percent of the total $800 million purchase price, while Russell would be investing only a small fraction of that amount. “It appears there is a strong national security argument for the US Government to block the ... buyout,” Treverton wrote. Treverton declined to comment further when reached by The Post.
  • Russell’s announcement in May that he planned to buy Forbes was widely viewed as a surprise. So was the offer valuing Forbes at $800 million, which was $200 million more than the failed SPAC deal’s expected price. Some media analysts also balked at the price tag, noting it was more than the combined sale price of The Washington Post, Fortune and Time.
Javier E

A Handful of Accounts Create Most of What We See on Social Media - WSJ - 0 views

  • Social media is turning into old-fashioned network television.
  • A handful of accounts create most of the content that we see. Everyone else? They play the role of the audience, which is there to mostly amplify and applaud
  • The personal tidbits that people used to share on social media have been relegated to private group chats and their equivalent.
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  • The transformation of social media into mass media is largely because the rise of TikTok has demonstrated to every social-media company on the planet that people still really like things that can re-create the experience of TV
  • Advertisers also like things that function like TV, of course—after all, people are never more suggestible than when lulled into a sort of anesthetized mindlessness.
  • In this future, people who are good at making content with high production values will thrive, as audiences and tech company algorithms gravitate toward more professional content.
  • On these formerly-social platforms, whether content is coming from creators with better equipment and more skills, or Hollywood studios testing the waters, hardly matters. In the end, it will all look remarkably similar to the consumer.
  • It will look
  • like flipping through cable channels does, only our thumb on the remote has been replaced by our thumb on the screen of our phone, swiping from one TikTok, YouTube Short, or Instagram Reel to the next.
  • A telling indicator is the rise of a new kind of entertainment professional—the “creator.”
  • A creator is anyone who records or makes something that can go viral on the internet
  • TikTok is now more popular than Netflix among consumers younger than 35,
  • While YouTube and TikTok have always been about video, just about every other social-media platform that wants to keep people engaged is emphasizing it more than ever, so that’s what creators have to make,
  • His agency gets involved with creators and musicians at the earliest stages of their careers, helping them plan content, update their style, understand what the algorithms of different platforms demand, and connecting them with potentially lucrative brand deals
  • . Even more telling: In first place is YouTube, the original online TV analog.
  • Where attention flows, money—and content—must also. In 2023 brands will spend an estimated $6 billion on marketing through influencers—a subspecies of creators
  • Globally, the total addressable market for this kind of marketing is currently $250 billion
  • Then there is a new generation of shows that are going straight to TikTok, bypassing even streaming services
  • In the wake of the success of YouTube and TikTok, Facebook, Instagram, and even LinkedIn are all pushing more and more content made by professionals into our feeds,
  • In order to quantify how TikTok has mastered the art of discerning our interests and feeding us the most compelling possible content, Faltesek, of Oregon State University, conducted a two-year project to study exactly what kind of content TikTok pushes
  • With a team of students, he created dozens of fresh TikTok user accounts that didn’t like or interact with content in any way—they just let the algorithm play one video after another.
  • At the end of this exhaustive process of gathering data on TikTok’s algorithm, the conclusion became obvious, says Faltesek. “TikTok is television. It flips channels like TV, it provides a flow like TV.”
  • By this logic, Instagram’s move to copy TikTok, which is in turn encroaching on the turf of YouTube by allowing longer videos, and the increasing dominance of professional content on all three, means they’re all turning into TV. Even Threads, the new offering from Facebook parent company Meta, is fast becoming a broadcast medium for news, as Twitter was before it.
  • In every case, the structure of social networks has become one in which a handful of accounts create most of the content that others see, and the role of everyone else on the network is, primarily, to amplify and consume that content,
  • Some, like Magana, believe we’ll eventually see an ever more complete blending of what were once “social” platforms with the traditional television networks and even film studios.  
  • aren’t convinced they’ll eat the rest of the entertainment industry. “It’s hard to say this kind of short-form video will be the only kind of TV,” she reflects. “A long time ago, the internet became the new thing, but we still have the other forms on television, and scripted streaming shows. It’s almost like this is just another avenue for that—of watching shows and movies on your phone.”
Javier E

He's Narrating Your New Audiobook. He's Also Been Dead for Nearly 10 Years. - WSJ - 0 views

  • AI’s reach into audiobook narration isn’t merely theoretical. Thousands of AI-narrated audiobooks are available on popular marketplaces including Alphabet Inc.’s Google Play Books and Apple Inc.’s Apple Books. Amazon.com Inc., AMZN +0.25% whose Audible unit is the largest U.S. audiobook service, doesn’t offer any for now, but says it is evaluating its position.
  • The technology hasn’t been widely embraced by the largest U.S. book publishers, which mostly use it for marketing efforts and some foreign-language title
  • it is a boon for smaller outfits and little-known authors, whose books might not have the sales potential to warrant the cost—traditionally at least $5,000—of recording an audio version.
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  • Apple and Google said they allow users to create audiobooks free of charge that use digitally replicated human voices. The voices featured in audiobooks generated by Apple and Google come from real people, whose voices helped train their automated-narration engines.
  • Ms. Papel said there is still plenty of work for professional narrators because the new era of AI auto-narration is just getting under way, though she said that might not be the case in the future.
  • “From what I can see, human narrators are freaking out,
  • Melissa Papel, a Paris-born actress who records from her home studio in Los Angeles, said she recorded eight hours of content for DeepZen, reading in French from different books. “One called for me to read in an angry way, another in a disgusted way, a humorous way, a dramatic way,” she said.
  • Charles Watkinson, director of the University of Michigan Press, said the publisher has made about 100 audiobooks using Google’s free auto-narrated audiobook platform since early last year. The new technology made those titles possible because it eliminated the costs associated with using a production studio, support staff and human narrators.
  • “I understood that they would use my voice to teach software how to speak more humanly,” Ms. Papel said. “I didn’t realize they could use my voice to pronounce words I didn’t say. That’s incredible.”
  • DeepZen pays its narrators a flat fee plus a royalty based on the revenue the company generates from different projects. The agreements span multiple years
  • a national union that represents performers, including professional audiobook narrators, said he expects AI to eventually disrupt the industry.
  • Audiobook sales rose 7% last year, according to the Association of American Publishers, while print book sales declined by 5.8%, according to book tracker Circana BookScan.
  • eepZen says it has signed deals with 35 publishers in the U.S. and abroad and is working with 25 authors.
  • Josiah Ziegler, a psychiatrist in Fort Collins, Colo., last year created Intellectual Classics, which focuses on nonfiction works that are out of copyright and don’t have an audiobook edition. 
  • He chose Mr. Herrmann as the narrator for “The War with Mexico,” a work by Justin H. Smith that won the 1920 Pulitzer Prize for history whose audiobook version Dr. Ziegler expects to publish later this year.
  • DeepZen, which has created nearly a hundred audiobooks featuring Mr. Herrmann’s voice, is pursuing the rights of other well-known stars who have died.
Javier E

Review: 'The Free World' by Louis Menand - The Atlantic - 0 views

  • ouis Menand’s big new book on art, literature, music, and thought from 1945 to 1965 instills the conviction that the 20th century is well and truly over
  • For those of us who lived through any portion of this period and its immediate aftermath, the book is a rather amazing compendium of the scholarly research, revision, and demythologizing that have been accomplished in recent decades.
  • Interweaving post-1945 art history, literary history, and intellectual history, Menand provides a familiar outline; the picture he presents is one of cultural triumph backed by American wealth and aggressive foreign policy.
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  • guided by a fascination with the wayward paths to fame, he half-unwittingly sows doubt about the justice of the American rise to artistic leadership in the postwar era. In his erudite account, artistic success owes little to vision and purpose, more to self-promotion, but most to unanticipated adoption by bigger systems with other aims, principally oriented toward money, political advantage, or commercial churn
  • For the greatness and inevitability of artistic consecration, Menand substitutes the arbitrary confluences of forces at any given moment.
  • The curriculum runs chapter by chapter through George Kennan, George Orwell, Jean-Paul Sartre, Hannah Arendt, Jackson Pollock, Lionel Trilling, Allen Ginsberg, Claude Lévi-Strauss, Robert Rauschenberg and John Cage, Elvis and the Beatles, Isaiah Berlin, James Baldwin, Jack Kerouac, Andy Warhol, Susan Sontag, and Pauline Kael. Each biography opens a door to a school or trend of work
  • Menand’s is not a “great man” view of history, because no one seems particularly great. One gets a feeling for Sartre as a person, a limited knowledge of how Sartre made Being and Nothingness, and a vivid sense of how the book made Sartre a celebrity. Then one learns how a troupe of others came along and rode his success like a sled.
  • Menand zooms in and out between individual egomaniacs and the milieus that facilitated their ascent and profited from their publicity.
  • group biographies, in miniature, of the existentialists, the Beats, the action painters, the Black Mountain School, the British Invasion, the pop artists, and many coteries more—are enchanting singly but demoralizing as they pile up
  • All of these enterprises look like hives of social insects, not selfless quests for truth or beauty. Menand is a world-class entomologist: He can name every indistinguishable drone, knows who had an oversize mandible, who lost a leg, who carried the best crumbs.
  • From this vantage, the monuments really are just anthills.
  • Menand is truly one of the great explainers. He quotes approvingly a lesson taken by Lionel Trilling from his editor Elliot Cohen: “No idea was so difficult and complex but that it could be expressed in a way that would make it understood by anyone to whom it might conceivably be of interest.”
  • The underlying theory of the book rests on a picture of what makes for “cultural winners,” works and ideas that Menand defines as
  • He is accurate, he is insightful, and he is not a dumber-downer
  • Menand’s account of each is an abbreviated tour de force. His explanations work at all levels: interpretation for scholars, review for general readers, introductions for neophytes. Where another writer would take 20 pages to tell us why someone or something mattered historically, Menand does it in two.
  • goods or styles that maintain market share through “generational” taste shifts—that is, through all the “the king is dead; long live the king” moments that mark the phases of cultural history for people living through it.
  • Menand’s recountings are less concerned with the changing meanings of individual works than with their successive adoptions and co-optations, in defiance of depth and meaning. It is a process of “winning” often based on cults of personality, indifference to complex origins, and the fortune or misfortune of timing
  • Menand is notably excellent on how commercial, regulatory, and technological changes determined which kinds of artwork made it to the public. His analysis helps demystify trends in commercial forms like film and pop music, especially when they otherwise seemed to run against the grain of pure profit
  • Often Menand’s point seems to be that the culture’s reigning talkers and salespeople and debaters need to conjure figures to venerate and attack (in ceaseless alternation) for short-range purposes of attention and competition. Any given work—1984, say, or Bonnie and Clyde—isn’t much of anything until it becomes a counter in other people’s games.
  • The central question of this period in culture might be whether U.S. artists lived up to expectations
  • In 1945, Europe was in ruins. America was rich and productive and dictated the terms of the postwar economic and political order. Certainly the U.S. had the power to pretend to cultural glory, too. But was it a pretense, or did Americans really continue and exceed the prewar triumphs of European modernism?
  • Most histories of the arts after 1945 assume that the greatest American successes deserved their fame.
  • The thrust of many of Menand’s retellings is that “in the business of cultural exchange, misprision is often the key to transmission.” Fame comes through misreadings, fantasies, unintended resonances, charisma, and publicity.
  • Menand’s book bequeaths the sense that the last laugh may truly have been on the self-seriousness of a whole historical period, one that treated its most publicized and successful arts figures far too generously, giving them too much credit for depth and vision, while missing the cynical forces by which they’d been buoyed up and marketed
  • “Foreign film” in America in the ’50s and ’60s—when independent art cinemas emerged, showing imports such as work by Ingmar Bergman and the French New Wave—proves to have been energized by a successful federal-government antitrust action against the monopolistic Hollywood studios
  • The idea of a “culture industry”
  • is used unironically by Menand to name the vastly scaled-up production and consumption of all artistic experience. “The culture industries, as they expanded, absorbed and commercialized independent and offbeat culture-makers, and the university, as it expanded, swallowed up the worlds of creative writing and dissident political opinion.”
  • With his eye on this process, we miss out on artists and thinkers who dug deep and stayed home, who produced as hermits or eccentrics or introverted students of their art
  • Where did rock ’n’ roll come from?” Menand wonders. He answers that it was “the by-product of a number of unrelated developments in the American music business” that redirected sales to teenagers, and also the result of new radio-station competition, the partial racial desegregation of the music charts, and the arrival of 200-disc jukeboxes
  • I can imagine The Free World leaving my hypothetical college senior, denizen of the bleak attention economy of the 21st century, feeling liberated to discover that culture was no better—no more committed to a quest for what is true, noble, lasting, and beautiful—in the world of the Baby Boomers and beaming grandparents.
  • The book is so masterful, and exhibits such brilliant writing and exhaustive research, that I wonder whether Menand could truly have intended where his history of the postwar era landed me. I learned so much, and ended up caring so much les
Javier E

Fake News: It's as American as George Washington's Cherry Tree - The New York Times - 0 views

  • What happens next in American history, according to Andersen, happens without malevolence, or even intention. Our national character gels into one that’s distinctly comfortable fogging up the boundary between fantasy and reality in nearly every realm.
  • Enterprising businessmen quickly figure out ways to make money off the Americans who gleefully embrace untruths. The 1800s see an explosion of water cures and homeopathy and something called mesmerism,
  • Cody was in this way the father of Hollywood, the industry that did the most, Andersen says, to break down the mental barriers between the real and unreal.
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  • In the 1960s fantasyland goes into overdrive. Psychedelics, academic scholarship and the New Age movement conspire to make reason and reality the realms of idiots and squares.
  • After the Kennedy assassinations, conspiracy theories become not just a fringe hobby but a “permanent feature of the American mental landscape.” U.F.O. sightings explode, and the stories become ever more elaborate
  • In the meantime, a kind of comfort with small fibs settles into the populace. When Andersen was young, he recalls, it was rare to see a woman over 50 whose hair was not gray or white. And apparently there were only eight plastic surgeons in all of Manhattan. But the market for hair color and plastic surgery explodes, as America starts writing its “national fiction of permanent youthfulness.”
  • the most persistent thread in “Fantasyland” is Christianity — the astounding number of Americans who believe in heaven and angels, which most of Europe gave up decades ago
  • Andersen reserves a starring role for the secular spiritualists. They were supposed to be a counterpoint to narrow-minded evangelicals, but Andersen says the New Agers committed an even greater sin than the faithful. What Anne Hutchinson started, Gestalt therapy finished off in the ’60s. Fritz Perls, a psychotherapist and Gestalt founder, simply put it: “I do my thing and you do your thing. I am not in this world to live up to your expectations, and you are not in this world to live up to mine.” Or put more simply: You do you.
  • If there’s a flaw in this book, it’s repetitiveness. Andersen seems by nature a collector. He goes for wide rather than deep. So he doesn’t examine, for example, how we would separate the junk from the gems
  • What we Americans need, it would seem, is something more powerful. A story to end all stories, preached by someone with the fire of Anne Hutchinson. A collective delusion so seductive that it will have us all, in Locke-step, bowing down to reason and reality.
  • our real progenitors were the Puritans, who passed the weeks on the trans-Atlantic voyage preaching about the end times and who, when they arrived, vowed to hang any Quaker or Catholic who landed on their shores. They were zealots and also well-educated British gentlemen, which set the tone for what Andersen identifies as a distinctly American endeavor: propping up magical thinking with elaborate scientific proof.
  • In Andersen’s telling, you can easily trace the line from the self-appointed 17th-century prophet Anne Hutchinson to Kanye West: She was, he writes, uniquely American “because she was so confident in herself, in her intuitions and idiosyncratic, subjective understanding of reality,” a total stranger to self-doubt.
  • As he explains in what must have been an alarmingly self-confirming last chapter: Donald Trump is “stupendous Exhibit A” in the landscape of “Fantasyland,” a fitting leader for a nation that has, over the centuries, nurtured a “promiscuous devotion to the untrue.”
Javier E

Some Silicon Valley VCs Are Becoming More Conservative - The New York Times - 0 views

  • The circle of Republican donors in the nation’s tech capital has long been limited to a few tech executives such as Scott McNealy, a founder of Sun Microsystems; Meg Whitman, a former chief executive of eBay; Carly Fiorina, a former chief executive of Hewlett-Packard; Larry Ellison, the executive chairman of Oracle; and Doug Leone, a former managing partner of Sequoia Capital.
  • But mostly, the tech industry cultivated close ties with Democrats. Al Gore, the former Democratic vice president, joined the venture capital firm Kleiner Perkins in 2007. Over the next decade, tech companies including Airbnb, Google, Uber and Apple eagerly hired former members of the Obama administration.
  • During that time, Democrats moved further to the left and demonized successful people who made a lot of money, further alienating some tech leaders, said Bradley Tusk, a venture capital investor and political strategist who supports Mr. Biden.
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  • after Mr. Trump won the election that year, the world seemed to blame tech companies for his victory. The resulting “techlash” against Facebook and others caused some industry leaders to reassess their political views, a trend that continued through the social and political turmoil of the pandemic.
  • The start-up industry has also been in a downturn since 2022, with higher interest rates sending capital fleeing from risky bets and a dismal market for initial public offerings crimping opportunities for investors to cash in on their valuable investments.
  • Some investors said they were frustrated that his pick for chair of the Federal Trade Commission, Lina Khan, has aggressively moved to block acquisitions, one of the main ways venture capitalists make money. They said they were also unhappy that Mr. Biden’s pick for head of the Securities and Exchange Commission, Gary Gensler, had been hostile to cryptocurrency companies.
  • Last month, Mr. Sacks, Mr. Thiel, Elon Musk and other prominent investors attended an “anti-Biden” dinner in Hollywood, where attendees discussed fund-raising and ways to oppose Democrats,
  • Some also said they disliked Mr. Biden’s proposal in March to raise taxes, including a 25 percent “billionaire tax” on certain holdings that could include start-up stock, as well as a higher tax rate on profits from successful investments.
  • “If you keep telling someone over and over that they’re evil, they’re eventually not going to like that,” he said. “I see that in venture capital.”
  • Some tech investors are also fuming over how Mr. Biden has handled foreign affairs and other issues.
  • Mr. Andreessen, a founder of Andreessen Horowitz, a prominent Silicon Valley venture firm, said in a recent podcast that “there are real issues with the Biden administration.” Under Mr. Trump, he said, the S.E.C. and F.T.C. would be headed by “very different kinds of people.” But a Trump presidency would not necessarily be a “clean win” either, he added.
  • Mr. Sacks said at the tech conference last week that he thought such taxes could kill the start-up industry’s system of offering stock options to founders and employees. “It’s a good reason for Silicon Valley to think really hard about who it wants to vote for,” he said.
  • “Tech, venture capital and Silicon Valley are looking at the current state of affairs and saying, ‘I’m not happy with either of those options,’” he said. “‘I can no longer count on Democrats to support tech issues, and I can no longer count on Republicans to support business issues.’”
  • Ben Horowitz, a founder of Andreessen Horowitz, wrote in a blog post last year that the firm would back any politician who supported “an optimistic technology-enabled future” and oppose any who did not. Andreessen Horowitz has donated $22 million to Fairshake, a political action group focused on supporting crypto-friendly lawmakers.
  • Venture investors are also networking with lawmakers in Washington at events like the Hill & Valley conference in March, organized by Jacob Helberg, an adviser to Palantir, a tech company co-founded by Mr. Thiel. At that event, tech executives and investors lobbied lawmakers against A.I. regulations and asked for more government spending to support the technology’s development in the United States.
  • This month, Mr. Helberg, who is married to Mr. Rabois, donated $1 million to the Trump campaign
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