Ad astra per aspera!
Taipei, Taiwan
Joined May 2018
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WHO DESTROYED FRANCE? 🇫🇷
Yes. EVERYONE did.
1. Emmanuel Macron, a man who thinks he's Jupiter but governs like a McKinsey intern who accidentally became emperor. He promised a French Renaissance and delivered a complete disaster. His solution to every catastrophe is another speech about the future of Europe.
2. The ENA Elite, Sciences Po, and the Grandes Écoles, the world's most sophisticated factories for producing highly educated incompetence. They can explain the collapse of French industry in seventeen PowerPoint presentations without ever having entered a factory. They invented a system where the same people run the state, destroy it, and then get promoted to investigate what went wrong.
3. François Hollande, the socialist who declared war on finance and then appointed Emmanuel Macron economy minister. His presidency was so spectacularly mediocre that even his own party eventually pretended not to know him. He managed to make political paralysis look like an exhausting full-time occupation.
4. Jacques Chirac, who promised reform, encountered a demonstration, and immediately discovered the virtues of doing absolutely nothing. He spent twelve years as president shaking hands with farmers while the national debt continued its agricultural expansion. His greatest political achievement was making immobility look presidential.
5. François Mitterrand, who tried socialism in 1981, and discovered economic reality in 1983. He nationalized companies, reversed course, and built a pyramid at the Louvre. Appropriate architecture for a president who occasionally treated the French economy like a pharaoh's burial chamber.
6. The Socialist Left, which believes money grows on government decrees. Their economic model consists of taxing the rich, subsidizing the poor, employing the middle class in public administration, and borrowing whatever remains. When the money runs out, they accuse arithmetic of being fascist.
7. The French Trade Unions, which defend public services by making sure nobody can use them. They stop trains to save the railways, close schools to defend education, and block refineries to protect purchasing power. Their greatest contribution to French productivity is ensuring that nobody produces anything without their permission.
8. The French Right, which has spent forty years promising to reduce public expenditure, reform the state, restore authority, and liberate the economy. Then it wins an election, appoints seventeen ministers, creates four administrative agencies, and discovers that cutting public expenditure might upset somebody. French conservatives defend free enterprise in speeches and administrative regulation in practice. They want a smaller state, provided nobody removes their subsidies, pensions, privileges, public contracts, or favorite government department. Their economic program was essentially socialism with better tailoring.
9. The French Boomers, who inherited affordable housing, expanding industries, and economic growth, then converted everything into pensions and real estate. They bought apartments for the price of a used Peugeot and now explain to young people that homeownership requires sacrifice. They spent their youth demanding revolution and their retirement demanding that absolutely nothing change.
10. Pétain and Vichy, who responded to the greatest military humiliation in modern French history by deciding that collaboration with the occupier was an excellent national recovery strategy. France had already lost the war. Pétain somehow found a way to make losing considerably more embarrassing.
11. The French Generals of 1940, who built the Maginot Line and apparently forgot to tell the Germans they were supposed to attack it. They prepared brilliantly for the First World War, only to discover that the enemy had inconveniently arrived in the Second.
12. The Republican Idealists, who believe France isn't a country but a philosophical concept. Other nations build institutions. France proclaims Values. When schools fail, they organize republican ceremonies. When public order collapses, they deliver speeches about citizenship. When reality contradicts their principles, reality is clearly insufficiently republican.
13. Saint-Simon, Fourier, Cabet, and the French Utopian Socialists, who looked at humanity and decided the problem was insufficient central planning. Fourier imagined communities organized around human passions. Saint-Simon dreamed of society directed by enlightened productive elites. Their descendants now occupy French ministries, designing national happiness through administrative circulars. Two centuries later, the happiness is still missing, but the paperwork is magnificent.
14. The French Revolution, which promised Liberty, Equality, and Fraternity, then introduced mass executions, revolutionary tribunals, civil war, and political terror. The revolutionaries liberated France from monarchy, discovered that citizens disagreed about liberty, and began executing one another. France has spent two centuries celebrating this as the birth of political enlightenment. Apparently, mass killing becomes progressive when accompanied by the correct slogans.
15. The Enlightenment, Libertinism, and the Marquis de Sade, who began by liberating humanity from superstition and ended by demonstrating that intellectual sophistication is no guarantee against moral insanity. Voltaire mocked religious authority, Rousseau dreamed of remaking society, and Sade turned transgression into an entire literary industry. Their descendants now believe that every inherited institution is oppressive and every new social experiment is automatically progress.
16. The English, who spent centuries sabotaging French ambitions, financing France's enemies, and preventing French domination of Europe. The Hundred Years' War was essentially a prolonged British property dispute conducted on French territory. Every time France attempted to become a continental superpower, England appeared with a navy, a coalition, and a remarkably enthusiastic willingness to pay somebody else to fight.
17. The Habsburgs, who surrounded France with territories acquired through marriage, inheritance, and a family tree resembling a biological experiment conducted without ethical supervision. They conquered half of Europe through weddings while French kings bankrupted themselves trying to escape the encirclement. The Habsburgs invented geopolitical domination through matrimonial administration.
18. The English, Again, because centuries of warfare were apparently insufficient. After defeating Napoleon, they conquered global commerce, international finance, and eventually the English language conquered French business. Today, French executives speak English to other French executives in Paris. England finally conquered France without deploying a single soldier.
19. The Romans, who conquered Gaul, introduced taxation, centralized administration, and the idea that provincial populations should be governed by distant officials convinced of their intellectual superiority. Two thousand years later, Paris continues to administer France like a Roman governor collecting taxes from barbarians. Rome collapsed. French bureaucracy survived. Live like Rome, die like Rome.
20. Darth Vader, the ultimate French technocrat. He believed every problem could be solved through centralization, intimidation, and an enormous publicly funded megaproject. His Death Star was essentially the French Ministry of Finance equipped with a superlaser. It cost a fortune, concentrated all power in one place, and exploded because nobody listened to the engineers.
21. Saruman and Sauron, the spiritual ancestors of French industrial planning and European centralization. Saruman wanted to replace forests with factories. Sauron wanted to unite the continent under one supreme administrative authority. Both believed that enough central planning could overcome reality. Both were eventually defeated by small provincial creatures who refused to follow instructions.
22. Satan, who has reportedly retired from corrupting France because the competition has become unbearable. He spent centuries encouraging pride, vanity, envy, and destructive political passions, only to discover that French politicians could produce the same results without supernatural assistance. He applied for a position at the Ministry of Finance but was rejected for insufficient administrative experience.
And the French people?
They have spent more than two centuries overthrowing kings, emperors, republics, governments, and presidents, convinced that the next political arrangement would finally solve everything.
They have tried absolute monarchy, constitutional monarchy, revolutionary dictatorship, empire, parliamentary republics, presidential republicanism, socialism, liberalism, conservatism, and technocracy.
Every generation announces that France needs a revolution.
Every revolution promises to put an end to the failures of the previous regime.
And every new regime eventually discovers that it has inherited THE FRENCH.
Ryan Wang 🇹🇼 retweeted
According to @insane_analyst, several people who attended Anthropic's investor day told him that the company was "vague and gave little information" along with nobody asking an intelligent question.
Goes on to say he suspects a subset of departments at Jane Street may have blown up leading to the market selloff last week.
These three pictures might be helpful to you.
@labubu_trader @LIWEI_TWCapital
(Note: Revisions represent the number of TWSE and S&P500 constituents whose earnings estimates have been revised over the past four weeks. )
Ryan Wang 🇹🇼 retweeted
I’ve spent a few days thinking about the Tesla Roadster reveal and landed somewhere I haven’t seen much discussion. I’m neither a Tesla fanboy nor a Tesla hater. And I couldn’t care less whether what we saw technically qualifies as a flying car. Three takeaways: (1) The risk of that live demonstration going horribly wrong was real. Almost no CEO would willingly expose their company to that kind of public humiliation for a product with so little financial upside. Elon did. (2) That willingness to attempt the seemingly impossible is what makes Tesla special. It’s also arguably Elon’s greatest contribution to America. He’s helped bring back something we’ve lost. The American spirit of chasing big scary ideas that most people think are impossible. That mindset is spreading across a new generation of founders and its long term impact on America’s future could dwarf anything Tesla ever sells. I think this is deeply underappreciated. (3) Can we just acknowledge how insanely cool that moment was? We’ve reached a strange place culturally where even extraordinary feats of human ingenuity immediately become arguments about why they don’t count. Not everything needs to be a debate. Sometimes we should just be able to stand back together and marvel at what humans are capable of. I’ve been both bullish and critical of Tesla’s ambitions over the years. But watching Elon and his team push the boundaries of what’s possible reminds me why I’m glad we have him. Whether the Roadster ever makes Tesla a dollar or impacts $TSLA stock price is almost beside the point. We need more people willing to risk failure in pursuit of things the rest of us think are impossible. Because when they succeed we all win.
Ryan Wang 🇹🇼 retweeted
Honestly, I know I say this a lot, my team does all the hard work. They are the absolute best! So many you can call out, but I always tell them ‘I work for you, tell me what you need?’ Making great products starts with an idea, then committing everything to it, then GO!
