Thursday Thoughts: it’s a bubble bath (socially and economically)

If Trudeau’s “peoplekind” video was a Try not to cringe challenge, I lost almost right away

As soon as I heard the words “we say peoplekind, not necessarily mankind”, I shuddered, winced, reflexively hit Ctrl+F4 and buried my face into my palms. I then forced myself to watch the video in its entirety.

The number of cheering drones in the crowd after the “peoplekind” statement reminded me how far Canada has fallen in the past decade. It’s a reminder how many citizens are willfully on board with the superficiality of feigning virtue, regurgitating and applauding platitudes, brainwashed by the cult of “social justice”. Not many seem to recognize the complete lack of substance, reasoned arguments and logic in any of Trudeau’s answers.

Cheerleading and slogans should be resolved for sports, not for a political forum that impacts the country’s future.  There shouldn’t have been any cheering at all, which goes to show the lack of seriousness in the town hall meeting. A prime minister is not supposed to be a Hollywood or sports celebrity, and answers that simply repeat slogans that others have heard before don’t deserve cheers and applause.  The appreciation doesn’t appear to be for a well-reasoned answer, but rather it appeared that the crowds were cheering for themselves for recognizing their conformity in group-think.

Hey! Trudeau said what I was taught to think in school and on television! We all think alike! (applause)

This is also narcissism at its finest. People are patting themselves on the back for giving the illusion of being so caring and nice. Canada epitomizes the stereotypical social media user.  It’s all about how one is perceived to the outside world. It is a dishonest front that avoids the responsibility, hard work, and obligation to seek the truth to overcome what reality actually brings.

If you want to learn how to speak as vapidly as Trudeau or see the video clip in question, check out the Political Corrector.

Trudeau to visit Silicon Valley — when group-think mentalities intersect

Having worked within the tech bubble for a good half-dozen years and now having a good glimpse at the bubble from the outside since then, I’ve come to understand how detached from reality Silicon Valley is.

The comfortable salary and lifestyle is a definite cultivator of Silicon Valley’s holier-than-thou attitude. It is a gated community within a gated region. The tech sectors in San Francisco, Seattle, Austin, etc. basically have no idea what life is like to everyone else, not realizing how disproportionate the $1 million price tags on homes are to those working non-bubble jobs.

It’s no surprise to me that there is a marriage between the reality-detached Silicon Valley and “social justice” cult following. The two are powered by narcissism, portraying to the world that they are not only driving the world’s economy but also driving the world’s morality. Seeing through the veneer, they do neither.

The economy is hanging by a thread on cheap leverage. Tech firms have massive PERs and negative EPSs. The speech and thought policing are intrusions of privacy and breaches of trust. Silicon Valley is anything but moral. They are aiding and abetting what is arguably an amoral ideology — that of neo-Marxist class identitarianism.

It’s no surprise then why Trudeau wants a piece of that action.

In an article published by the Canadian Press today, this quote encapsulates the intersection of tech and the vapidity of identity politics in the bid to attract “talent”:

“The political climate has obviously made Canada more attractive because we’re more diverse, we’re more welcoming and we’re more open, so the pitch is much easier,” said Lekan Olawoye, who leads the venture talent development division at the MaRS Discovery District in Toronto.

A very dishonest and expected statement.

In reality, brain drain to the U.S. happened for a reason that was more than obvious prior to the takeover of meaningless language: mutual incentives. Naturally, in game theory which software engineers should fully be aware of, it’s not the “welcoming” and “openness” that was the initial draw for Silicon Valley, it was what served to benefit the two parties — employer and employee — the most. When an employer and employee come to an agreement that benefits them both, they decide to work together. It’s that simple, and that’s the real pitch.

Don’t resort to identity politics and don’t use “diversity” to distract from reality.

Perhaps if the government and politics meddled less in the employer-employee agreement by means of quotas, regulation and taxes there would be more benefit for the employer and employee to come together naturally. Salaries would naturally go up and businesses will benefit more from better talent.

Instead, the only real selling point Trudeau has up his sleeve to attract tech companies is a promise of government kick backs, a rebate of all the meddling Canada specializes in. Cronyism in other words. While this may attract tech conglomerates to move to Toronto, it definitely makes it difficult to make cronyism a selling point to attract entry-level employees. I guess that’s why there’s reliance on emotional pleas of being “welcoming” and “open” instead, hoping collectivist thinking will override game theory optimal thinking.

SnapChat up 47.6% in the market

I think SnapChat’s market move from yesterday neatly sums up the irrationality (otherwise known as psychological manipulation) we are witnessing in all the bubbles today.  SNAP has all the hallmarks of both the social and financial bubbles:

  • SNAP thrives purely on the narcissism of its users and their respective social bubbles
  • SNAP has no cutting-edge innovation but banks on amassing users complacent with selling themselves and their privacy out in the future
  • SNAP has negative earnings per share and infinite price-to-earnings ratios, signalling pure speculation from cheap leverage resulting from central bank manipulated interest rates than fundamental value
  • SNAP powers the venture capitalist bubble some more as the short-term meteoric rise reflects the get-rich-quick dreams of those trying to pinpoint the next Amazon or Facebook; this is also a sign of how tech is being given way too much credit for driving the economy than it deserves (worse than the 2000 dot-coms)
  • The venture capitalist bubble is also stroking the egos of tech workers, who think they are now God and grant themselves the authority to play that role, thereby inflating the social and cultural bubbles even more (see first point and the previous section on Silicon Valley)

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