Journal

5 entries for May 2025

Saturday, May 10, 2025

The Most Valuable Commodity in the World is Friction

we have a world where friction gets automated out of experiences, aestheticized in curated lifestyles, and dumped onto underfunded infrastructure and overworked labor. The effort doesn’t disappear; it just moves.

The economic signal (the diploma) still circulates as if the underlying work has occurred. But the work isn’t there. We’ve just shifted the friction offscreen, and have outsourced it to a chatbot and let the system pretend nothing’s changed. So at this moment, we are credentialing fluency with tools that do the thinking for you.

friction has become a class experience. Wealth has always helped smooth over bumps - but when the physical world is such a mess and the digital world is so easy, it’s simple to curate the digital into the physical if you have money.

The American economy has been running a decades-long experiment in removing friction, both through technological advancement and through financial engineering that pushes costs into the future. The resulting prosperity has been very real, but it’s been built on the proverbial kicking the can down the road.

When Mark Zuckerberg’s Meta builds frictionless social interfaces, that cognitive smoothness is subsidized by somewhere, somehow, right? The same economy that produces simulated friends for the lonely American also produces understaffed air traffic control towers. The same investor class that funds “never think alone” startups also lobbies against infrastructure spending, or perhaps, housing.

Amazon’s one-click ordering creates a seamless customer experience by offloading friction onto warehouse workers and delivery drivers.

Tuesday, May 6, 2025

There’s nothing worse than being right and everyone agreeing with you. There’s no way to make any cash.

Part of Gary Stevenson: The Trading Game.

Monday, May 5, 2025

Compliance is the New American Dream

a world built on compliance might function for a while. But it will never lead. And right now, we really need people who can lead.

Thursday, May 1, 2025

For the interview with Goldman I turned up in my hoodie and trainers and I told them that I definitely didn’t want the job. They put me through to the second round after that.

Stocks never go down. Stocks only go up. When the economy is good stocks go up, and when the economy is shit, they print so much money stocks go up even more. Same with fucking houses. Everything goes up. The asset holders never lose.

Part of Gary Stevenson: The Trading Game.

One hundred days

You are NOT right if you stand a man on his head JUST to get attention. You ARE right if you have him on his head to show how your product keeps things from falling out of his pockets.