Missinginformation

@Grimezsz Making money ≠ being a capitalist. Renaissance artists worked under feudal patronage. Dali wasn’t a capitalist, he was a monarchist & buffoonishly pro-Franco. Picasso literally identified as a communist. Kubrick critiqued the war economy and finance capital in almost every film.

worth noting many of our best artists were ruthless capitalists - Kubrick, Picasso, Dali, basically all the Renaissance artists The muses seem to be in civil war over whether or not to be agents of capital - it feeds them and starves them at the same time

@mtracey Bro many people on the left been talking smack about Chomsky since before you were born.

Another beautiful thing about this photo: no one, from any "side," knows what to do with it. Scrambles the minds of absolutely everybody. With the exception of one man: Me November 15: "Why did Steve Bannon and Noam Chomsky love Jeffrey Epstein so much?" mtracey.net/p/bannon-choms…

@cafreiman Counterpoint: this stat actually cuts against your point. Social assistance fell as a share of total spending. Probably because as a COMMUNIST state China prioritizes industry and infrastructure, not welfare expansion.

Counterpoint:

@TuttReal He’s an avowed anarchist. What’s the surprise?

This is sad. It makes me want to study Chomsky's biography to learn why he gave up at some deeper moral level. Perhaps the system had just devoured him from within. I can't see how such a morally resolute critic of US empire could participate in the Epstein circle. A major part of Noam's attraction as an intellectual was his core moral principles. Every undergraduate remembers what he said about Foucault and his relativist amoralism... Pathetic imo

@drposhlost Is this real wtf? I didn’t know Chomsky partied. Kind of like him more now.

Noam Chomsky, the most venerated and glazed Amerikkkan leftist of the 20th century in a nutshell

@naval “God is love.” — 1 John 4:8 Love isn’t self regarding or introspective. It exists only by giving itself away. Humans are made in God’s image, so humans are also oriented to love. The idea that life is about revealing oneself to oneself is inverted. This is the logic of Satan.

We live to reveal ourselves to ourselves.

@PAHoyeck Lol philosophers. Just entertainers justifying university endowments for Wall Street.

“What makes the self is a whole big collection of memories and projects and plans and likes and dislikes. […] Now, what holds that all together? Nothing!” —Daniel Dennett on the nature of personal identity

@cafreiman Capitalism exists in 2025? Weird I didn’t know that. Where?

When socialists pivot from “capitalism causes obesity” to “capitalism can’t feed people”

@nntaleb Correct

Seems to me that self-employed & independent people tend to not like to work under personal trainers telling them precisely what to do. Is this observation correct?

Why Austrian Economics Is Open Ended : The "No-value Theory Of Value" The usual argument against Libertarianoids during their "mudpie" thesis is that obviously labor has to be productive (a complex concept involving all aspects of social relation both objective and subjective) denoted by SNLT. But this isn't the best argument. When Austrianoids mudpie, throw it back in their faces: they have no theory of value to begin with. They IMPLY the ontology of value is capital because they are stupid never read their positivistic masters. Most libertarian and Austrian economists never argued that value comes from capital. What they rejected was the entire project of grounding value in any objective, ontological, or material substrate. For Menger, Böhm-Bawerk, Mises, Hayek, and Rothbard, value begins and ends in the subjective evaluations of individuals. Nothing in the world has value in itself, not labor, not capital, not raw materials, not land. Value is simply the mental ranking of ends, and because these rankings have no external standard, there is no deeper structure one can “trace” value back to. In their view, to search for the real source of value is a category mistake: value just is the preferences people happen to hold at a moment in time. In other words, a kind of hippie subjectivity that only becomes "real" through empirical study of intersubjective trends. No ontology at all. From this standpoint, the market does not reveal value in any complete sense. What becomes visible are prices, and prices are only social artifacts that emerge from the intersection of subjective choices. Hayek called them signals that coordinate plans among strangers, not windows into any underlying essence. They are objective only in the sense that anyone can look at a price tag, but what that number represents is still nothing more than a crystallization of millions of private judgments that have no common ontology. The apparent “objectivity” of the system is therefore only the byproduct of intersubjective interactions. The individual subjectivities never lose their primacy; the market process simply aggregates them into a set of usable constraints. Within this framework capital plays a very different role. Austrians do not argue that capital is the source of value; they insist it cannot be. Capital goods are valuable only because they serve the subjective ends of consumers. Their productivity is not metaphysical but temporal. Capital arises from deferred consumption, and through saving and investment the production process becomes more roundabout. More complex tools and machinery allow labor to produce more physical output, and by producing more output at lower cost the entrepreneur can satisfy subjective wants more efficiently. But capital never generates value by itself. It only shapes the technical path by which labor and natural resources become goods that consumers already subjectively value. Because of this, the difference between Marxian and Austrian thought is not simply a disagreement about where value comes from, but about whether value has any ontological content at all. Marx insists that value has a determinate structure rooted in the labor process and the reproduction of society. The Austrians deny this outright: for them value is groundless, foundationless, and irreducible. To look for a deeper basis is to misunderstand what value is. Once that fundamental divide is recognized, it becomes clear why they never claimed capital to be the source of value. In their system, nothing external to the mind can be. Marx considered labor to be dialectical (human activity and nature contextually). This concept broke with centuries of simplistic Classical economics where value was as silly as the later Austrian inversion of it: that values ontology was simply unquestioned. For the classics it was all labor "being" valuable inherently. For Austrians it was simply intersubjective preference and tautological relativism.

@balajis Lol the end of history wss supposed to abolish feudalism, not recreate it on-chain. The blockchain feudal state.

Towards the Solana network state.

@sircalebhammer This is ‘period life expectancy.’ Another fake misleading statistic lmao.

No.

@jawwwn_ @andrewrsorkin @dealbook Lmfao

Palantir CEO Alex Karp: why does no one care about the working class? “1% of people in this country are in prison. Do you know what happens when you go to prison? They take you away from your kids. “That happens disproportionately to working class, black and Hispanic men, and white men in the underclass. Where are the thousands of articles about them? “Somehow none of us have empathy for those people because none of us really deal with those people. At Palantir, we are on the side of working class Americans.” Via @dealbook @andrewrsorkin

@balajis Wow really profound

If a country stay smalls to remain true to its roots, it eventually gets absorbed by an empire. Conversely, if a country plays for empire, and truly achieves world domination, it absorbs so many that its subjects eventually outnumber the imperial core. And thus the empire, too, loses touch with its roots. Stay small and get conquered. Get big and get diluted.

@naval Mind blowing, bro

UI is pre-AI.

In alchemy there are 4 stages that must be completed before the great work of complete transformation is finished. All are necessary. Nigredo: the blackening. The decay. The thing as it is with all its imperfections. The "death" before transformation. Albedo: the whitening. The discovery of the essential. The purification. The uncovering of the base logic and relations of the thing. Citrinitas: the yellowing. The illumination. The discovery of the path forward. The bonding of opposites. Ideas paired with material and material paired with ideas. Rubedo: the reddening. The execution. The final transformation. The overcoming. The unification and reconciliation of opposites, creating the new substance. Theres a reason why Communism is Red. But the red cannot exist without the black. You cant get to the solution without dissolution.

@McFaul BlackRock and JP Morgan already mapped out how to profit from Ukraine’s reconstruction. Why are you advocating exactly what they need?

And yet some keep saying that Putin wants peace

@Kasparov63 I know you’re Croatian, Gary, but remember Kosovo? You’re actually stuck in a 19th century annexation model. Modern imperialism works through financial control & payment systems, not land grabs. Western ‘aid’ to Ukraine is debt—that’s the real imperialism today. Try to keep up.

If the US recognizes territory taken by force, just replace "leader of the free world" with "for sale". Xi can come up with more cash than Putin for Trump and his pals to do the same for Taiwan.

@BillAckman @Bremont Wow cool story

A Watch and Investment Story Part II Nearly eight months ago, I wrote a post about my personal investment in @Bremont, a British watchmaker, in which I became Non-executive Chairman, and along with affiliates, became controlling shareholder in April of this year. My investment was spontaneous, inspired by a positive sales experience and the inspired purchase of a number of watches at the company’s Mayfair, London boutique three years ago. In my introductory post, I promised to provide periodic updates of our progress toward our goal of transforming Bremont into an iconic watch company. Here is our first progress update: New Board I have long believed that the success or failure of a company is largely determined by the board. To that end, I recruited a new board. The directors are: David Berkowitz, Chief Investment Officer, KFO, LLC, the Seth Klarman family office Davide Cerrato, CEO of Bremont, formerly CEO HYT, Managing Director Watch Division Mont Blanc, Head of Marketing, Design and Product Development at Tudor Ian Goldberg, Partner at Venrex, a venture capital firm. Ian is a representative of Bremont’s other major shareholder Andrew Haimovici, my Harvard-educated nephew who previously spent two years working in various roles at Bremont. Francesca Leone, formerly Chief Brand Officer of Michael Kors with previous Global Communication roles at Valentino, Bulgari, and Hermes Martin Parker, formerly Director World Service at Rolex and previously International Customer Service Director at Patek Philippe Larry Pettinelli, who spent more than three decades at Patek Philippe USA, culminating as CEO New Senior Leadership Team We have also recently completed the recruitment of our senior executive team. In addition to our CEO Davide Cerrato, the senior executive team includes: Elen Barnes, Chief Marketing Officer, previously Global Brand Director of Tag Heuer, formerly CMO of Bang & Olufsen Christoph Bippus, Chief Operations Officer, with two decades of experience at Richemont Group, most recently as Associate Director Customer Service for IWC Laura Collins, Chief People Officer, formerly HR Lead Consultant at Willow HR Cos Hayret, Chief Product Development Officer, formerly Watch Development Manager at Montblanc Stephane Pichavant, Chief Commercial Officer, who previously spent 15 years at LVMH Watches and Jewelry, most recently as Global Sales Director for Tag Heuer Kurt Williams, Chief Financial Officer, previously Head of Finance, Swatch Group UK and Country Manager Godiva UK Business Progress The first priority of management was to rationalize the product assortment so as to provide a coherent product offering for our customers while launching an entirely new product collection. Bremont has launched three product lines, namely Terra Nova (Land), Supermarine (Sea), and Altitude (Air), watches which deliver vastly superior quality and functionality compared to similarly priced competitors. Bremont watches are as beautiful as they are rare. Rolex produces more than one million watches per year. Bremont handcrafts fewer than 10,000. When you wear a Bremont, you are part of a small and exclusive club. All Bremont watches are designed, developed, prototyped, assembled, tested, and serviced at our headquarters in Henley-on-Thames known as The Wing. The company has worked to continuously improve its manufacturing capabilities and is now producing superbly crafted, rugged, and reliable watches. One of the company’s most important objectives has been to upgrade product design, quality, durability and reliability. The company now uses 904L steel (also used by Rolex) for all of its steel watches, and has introduced ceramic materials, top quality Swiss movements including a tourbillion built at the company’s Wing HQ, new distinct bracelets for each product line, the highest quality straps, and has dramatically reduced service lead times, now six weeks. The new watches are spectacular and have been recently recognized with multiple industry awards and expert commentary. Here are a few of my favorites (photos below): ALTITUDE MB METEOR STEALTH GREY This is a limited edition of Bremont’s iconic pilot watch, for the first time produced in a sand-blasted F35 stealth grey finish in titanium. TERRA NOVA JUMPING HOUR This is the jumping hour movement in a montre a guichet style, a nod to World War I trench watches, designed to withstand the horrors of war (or an errant swipe on a door frame). SUPERMARINE FULL CERAMIC POLAR WHITE This is a super handsome 500-meter, ceramic watch, with a fabric strap. I wear the green ceramic as one of my daily watches. ALTITUDE SKELETONIZED PERPETUAL CALENDAR GMT This is a spectacularly beautiful, titanium, skeletonized, perpetual calendar, GMT watch. If Pershing Square's year finishes strong, I am getting one of these. This one comes in a limited edition of 50 pieces. I own the non-skeleton version. It is my favorite watch. Awards Bremont was nominated for six awards. Our Jumping Hour Bronze won Best Trend Watch Nominations: WatchPro Awards US (September 10) o Prestige Watch Brand of the Year o Best Pilot Watch (MB Meteor) WatchPro Awards UK (September 30) o British Watch Brand of the Year o Prestige Watch Brand of the Year o Best Pilot Watch (MB Meteor) Winner: Trend Watch: Jumping Hour Bronze Distribution One of Bremont’s weaknesses has been limited physical distribution, particularly outside of the U.K. Management has made significant progress, particularly in the U.S., opening many new doors including The 1916 Company, Ben Bridge (owned by Berkshire Hathaway), Lux Bond & Green, and others. The company is in the process of opening new doors in Italy, Japan, Canada, Mexico, Germany, and other locations in Europe. If you are a top watch retailer interested in carrying Bremont, please contact: stephane.pichavant@bremont.com Our only U.S.-owned store, our New York boutique between 52nd and 53rd on Madison Avenue, has seen a more than 50% increase in sales over the last year. Our website at Bremont.com continues to be an important driver of sales. Challenges While the company has made enormous progress over last two years, transforming a brand while the plane is flying, has been an expensive proposition. Great brands are not built overnight. One of the benefits of Bremont now being a family-owned company with a well-capitalized controlling shareholder is that we are not subject to the typical pressures associated with private equity owners or public company shareholders. We are taking the long-term approach in building a generationally valuable company, and are very pleased with our progress to date. Ideas and Input We welcome your ideas, input, and advice. To that end, we will award the best ideas with free watches. We sent a MB Meteor to @JoshBobrowsky for his excellent input. Please reply with your best ideas or email andrew.haimovici@bremont.com. We will read all of the comments and replies. Please also take a look at our Holiday Campaign Video: youtube.com/watch?v=C5aP1R…

@nntaleb The real split was usury. Rome institutionalized non-forgiveness of debt, while the Eastern Church kept early Christianity’s debt-forgiveness (“forgive us our debts” is the actual Greek). The later Crusades ultimately turned on the East as economic warfare. Read Michael Hudson.

When you dig, you realize that Catholicism and Eastern Orthodoxy are practically the same; apostolic with very minor political differences.