your best hire yet https://xitter.cf/t.co/BZUNOWCHYv / past @geometryvc & founder 2x
Joined November 2017
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lots of friends abroad have reached out asking about the situation in france, here’s my 2 cents
>the french are protesting against the gov, asking for more gov intervention to solve problems created by having too much gov intervention
>30+ years of no growth, deindustrialisation, low social mobility, dependence on gov spending, raising cost of living, degrowth mindset = we are the first generation in >200 years who don’t think we’ll do as well as our parents
>when the pie stops growing, the only way to win is to take away from others
>the welfare system is on its last leg: gov debt & deficit are such that france is on the verge of having the IMF come in with a austerity plan. the yield of gov bonds is skyrocketing. some want the extremes to come to power to precipitate this
>we’re in the midst of an ideological war 6 months away from presidential elections: will france reign in its public spending or will it expand its welfare state
>in the polls, far left & far right are increasingly leading, centrists are the main losers as many were macron ministers (retailleau, attal & philippe). the longer the protests continue, the worse they’ll do
>the silver lining: this may force them to do a primary/party election and all rally behind one candidate
>the strongest candidate is @davidlisnard: he’s still relatively unknown from the general public but he’s climbing in the polls, is the most liberal economically, has a serious plan to reign in gov spending and never worked with macron
>he’s still a wild card & even if elected may struggle to govern (his political party is 1 year old, the chances of him getting a majority in parlement are low)
>with the level of societal change we’ll experience in the next decade with technology, having strong institutions is paramount. french institutions are weak today
>last week was a fiasco: gov & police forces were heavily under prepared, protest organisers & politicians made things worse and rioters took advantage of it
>this is what Paris looks like this morning as we prepare for another weekend of protests
what happened at @miodotxyz this week
1. north star metric
2. resilience
3. creative strategist
4. pausing ads
5. speaking to users
having experienced the demonstration & looting today, i’ve become a single issue voter: I’ll vote for whoever brings growth back
when the only way to win is to take from others, you have no incentive to build a better life
Fwiw, had I been their age, you’d have found me protesting with them.
Teens are being failed by a system that strips away their freedom, disempowers them, and expects them to follow the rules of a dying country.
That’s why I quit high school, and that’s why I eventually left France too.
You might wonder why they’re protesting instead of trying to solve the problems themselves.
And that’s exactly what I lament the most: the system has taught them to wait for the government to make things better, rather than believing they can make things better themselves.
They’ve been taught to forget their own agency and that they have the power to build, not just destroy.
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a major benefit of entrepreneurship being cool is that it increases agency & internal locus of control
what happened at @miodotxyz last week
1. evals
2. proactivity
3. logged in browser
4. ads
5. weekly launch