They bought a 1,200-1,400 sf house with 3 bedrooms, 1 1/2 baths, 1 car detached garage & maybe a half-finished basement. They had no a/c, 1 landline, 1 tv w/3 or 4 channels. Their car had drum brakes, leaf springs, bias-ply tires, an AM radio and maybe power steering.
They went out to eat maybe once a month, and that was getting Micky D’s to go and sitting at the picnic table outside. Going to the movies was a special treat. Vacations usually involved tents or pop-top campers at campgrounds near regional amusement parks. Flying all over? Are you kidding? That was for the Jet Set, not the middle class.
Kids 3 & 4 wore clothes that 1 & 2 outgrew. Their big presents were maybe a baseball mitt or a bike every 4 or so years. Ordering stuff from Amazon or E-Bay? Let me introduce you to the Christmas Catalogue and Lay-A-Way.
They didn’t have broadband, cable, WiFi, laptops & tablets & smartphones for each member of the family. They didn’t spend money on Netflix, Spotify, Disney+, Prime, Steam or any of the other 57 streaming services you and I spend money on. They brown-bagged lunch every day, not ordering Uber-Eats, & they took a thermos of coffee with them instead of dropping $10-15 a day at Starbucks on the way in to work.
That’s how they could afford the stuff you can’t.
@saranormous You can actually get funded to the tune of $2 billion seed by @saranormous and @a16z without a TikTok following, without a customer, without a business plan, or without sharing really any insights into what your company might do other than "AI stuff"
@UKSteelers Using this time in the queue to mentally prepare myself for the price that I'm going to have to pay in the secondary market to get tickets...
@elonmusk The American Medical Association intentionally constrains physician growth by severely limiting the amount of places available in medical school to keep physician pay buoyant. Learned that in Angus Deaton and Anne Case’s expanded book on their Deaths of Despair research 👍
1. Build the military headquarters from which you plot the mass slaughter of civilians under a hospital and hide amidst the civilian population -- a war crime
2. Livestream the mass slaughter of civilians
3. Publicize the civilian deaths that ensue as a result of the war crime you committed by placing the infrastructure from which you plotted the mass slaughter of civilians amidst your own civilians
4. Wait for the world to take your side and demand that you be given impunity from reprisal for the mass slaughter of civilians because you committed a war crime by hiding amidst the civil population
In 2017, I interviewed with Elizabeth Holmes to be Head of Finance at Theranos.
I'm convinced I learned more in those 45 minutes than I did in 10 years of school and work.
Today, she reports to federal prison to serve out an 11 year sentence for fraud.
Time for a story 🧵:
@Culture_Crit It's only when you get down to water level that that the (im)practical aspects start to register. Though perhaps an apt metaphor: a beautiful cultural relic slowly being submerged by the literal tides of modernity.
How bad do the NHS disaster stories have to get for the conversation to move on from “it just needs more money” to “we have to rethink it from first principles”?
Very happy to announce the successful close of our Seed funding round with support from The TRICAPITAL Syndicate and @scotent! Below is the press release:
https://t.co/9bNUG4p9Bx
COPPER🧵redux. I live near one of the largest copper mines on earth (Kennecott Utah Copper - KUC). I helped manage a smaller copper mine for 8 years. Observation: Wind/Solar/Battery Proponents & ESG bean-counters are completely out of touch with copper mining & production.