Before Eating Caviar


“Reason has always existed, but not always in a reasonable form.”

— Karl Marx

 

Addison WigginDear Reader,

“Pardon my swear word here,” says crypto wunderkind Aleks Svetski in this week’s Session, “but you have to eat sh*t first before you eat caviar. Right? There’s a process to these things.”

Svetski and Mark Moss (host of The Mark Moss Show on iHeartRadio) talk their book, The Uncommunist Manifesto, this week on The Wiggin Sessions:

Click here to learn more

Click here to listen in. 

These young guns have a penchant for vulgarity. They like to speak bluntly, straight to the point. No BS.

Their book: an uppercut to Karl Marx’s nervous syllogisms.

Think of it like boxing. Stick and move, stick and move.

They claim Marx’s ideas about money, production, and the value of the independent economic actor are fundamentally flawed.

And Svetski and Moss sure chose a wiley opponent. After all, name a more contentious duo than Karl Marx and Freidrich Engels in the annals of economic theory.

So I get their bluntness. Svetski continues:

Marx was just in the middle of the eating phase, and he just looked around and his solution to this was to project his own kind of vitriol, jealousy and envy onto the process and said, “No, no, no, no, because I can’t make money and be rich like this capitalist over here, then this system is unfair. It should come under my control.

It’s like, no one asked you, man, go away, leave us alone. These do-gooders have to impose themselves: ‘I’m here, Captain Fantastic, to save everyone.” And it’s like, well, no one called you. Go away, please. It’s like they have no personal validation… they must find validation from imposing their ideas on others.

It’s certainly a new way of discussing classical economics. I myself have never thought of the economy in terms of feces and fine dining.

But sooner or later these ideas – which have made their Gramscian Long March through our education systems long enough – have to be updated to our modern lexicon.

And that means, for now: “You have to eat sh*t first before you eat caviar.

Follow your bliss,

Addison Wiggin

Addison Wiggin
Founder, The Wiggin Sessions

P.S. From an old friend of mine, Chris Mayer, on Twitter:

Click here to learn more

My first thought: A Standard & Poor’s 500 balance sheet audit. Whodda thunk

Addison Wiggin

Addison Wiggin

Addison Wiggin is founder and executive publisher of Agora Financial LLC, an independent economic forecasting and financial research firm. He and Bill Bonner began writing the firm’s flagship Daily Reckoning in the midst of the tech boom and bust. It was one of the first widely distributed email newsletters on the Internet. The publication’s critical eye on finance and economics continues today. He’s also creator and editorial director of Agora Financial’s daily missive The 5 Min. Forecast.

Recent Alerts

Beyond the Good Job Numbers (Bad for Social Security)

When you drill down into January job numbers — among certain age brackets — a more interesting picture emerges. Read More

Artificial Intelligence Gets Woke

I can’t help wondering if today is the day ChatGPT jumped the shark. Read More

Two Defensive Plays for a Debt Ceiling Crisis

“Here we go again,” says our income-and-retirement specialist Zach Scheidt. “The United States is facing another budget crisis.” Read More

I Don’t Give a Flying Flip About AI

On a basic level, I don’t give a flying flip about AI… But there’s gotta be an investing angle somewhere, right? Read More

The New Recession Is Now

“It’s clear that the U.S. economy entered a new recession in late December,” asserts Paradigm Press Group’s macroeconomics maven Jim Rickards. And for confirming evidence of this recession call, Jim points to stresses in the trucking industry. Read More

So Now EVs Are Evil Too…

Here at Paradigm Press it’s not good enough for us to shake our heads at the hubris of the control freaks and power trippers… We seek to follow the money. Read More

“A Radical Environmentalist Government”

A spate of wind turbine collapses is indicative of Canada’s “Just Transition” legislation… Read More

The Weaponized Dollar Misfires

The weaponized dollar keeps misfiring… So what do you do about it? Read More

S&P 500 on Steroids

Why is the S&P holding up so well when everything else looks terrible? Read More

Update: Four Years (Max) to China War

If China were to make a move on Taiwan… this week might be as good a time as any. Read More