08.30.12

Rat cashes out of leaky ship

Posted in Culture of Lickspittle at 1:18 pm by George Smith

On one from the Facebook inner circle:

Facebook co-founder Dustin Moskovitz is shedding another 450,000 company shares for a take of about $8.7 million.

Moskovitz has been selling 150,000 shares a day and disclosing the sales every three days. Including the most recent sale, he still holds more than 130 million shares.

The latest filing, made late Wednesday, covered sales from Monday to Wednesday. He sold shares at prices ranging from $19 to $19.49.

Shares of Facebook Inc., based in Menlo Park, Calif., have been in steep decline since debuting at $38 each in May …

Best unintentionally fatuous quote ever, a couple months ago, from somebody named Alexander Heffner at the blog formerly known as the Christian Science Monitor newspaper:

Mark Zuckerberg has the potential to rekindle confidence in the markets and to engage everyday Americans in the kind of economic growth that has been limited to only a handful of individuals in recent years.

Quote of the day, from upper class columnist Doyle McManus at the LA Times, in an essay explaining what Mitt must do to muster the confidence of the middle class:

Americans don’t merely admire the rich, especially the working rich; we vote for them all the time. Heck, we’d like to be them.

But Romney is a rich man whose policies often seem — to many voters, anyway — aimed at helping job creators more than job holders …

Perhaps we vote for them all the time because only the rich have the resources to run.

Yes, received wisdom about wishing to someday join the country club, too. Great stuff, something we all learned in our youth — you might get lucky, so don’t be sore, America is a class-less society.

Pre-Civil War rubbish straight from Alexis de Tocqueville.

3 Comments

  1. user_hostile said,

    August 31, 2012 at 8:37 am

    “Pre-Civil War rubbish straight from Alexis de Tocqueville.”

    Can you explain this? I’ve been slowly going through the books on tape version. Somebody told me aristocratic Southerners get a mighty bad rap from Alexis as being a bunch of effete, rich, proto-slackers. This is what your final sentence is referring to, right?

  2. George Smith said,

    August 31, 2012 at 11:14 am

    Not precisely, mostly the crap quality of de Tocqueville’s allegedly unique vision of America as, and I quote from an academy pdf : “Tocqueville recognized that America was unique in the world, for America never had a monarchy, or feudalism, or an established church, or other privileged classes.”

    Well, as a matter of fact it did have privileged classes. And the general takeaway would be “what country was he surveying?”

    The Americans do not read the works of Descartes, because their social condition deters them from speculative studies; but they follow his maxims because this very social condition naturally disposes their understanding to adopt them. In the midst of the continual movement which agitates a democratic community, the tie which unites one generation to another is relaxed or broken; every man readily loses the trace of the ideas of his forefathers or takes no care about them. Nor can men living in this state of society derive their belief from the opinions of the class to which they belong, for, so to speak, there are no longer any classes, or those which still exist are composed of such mobile elements, that their body can never exercise a real control over its members.

    This is a remarkably high falutin’ de Tocqueville observation that is trash.

    http://www.marxists.org/reference/archive/de-tocqueville/democracy-america/ch20.htm

    I guess a lot of people found it wonderful at the time. And many, I assume, still do.
    .
    I mean, Jesus H. Christ on a stick, this is some serious horseshit:

    The practice which obtains amongst the Americans of fixing the standard of their judgment in themselves alone, leads them to other habits of mind. As they perceive that they succeed in resolving without assistance all the little difficulties which their practical life presents, they readily conclude that everything in the world may be explained, and that nothing in it transcends the limits of the understanding. Thus they fall to denying what they cannot comprehend; which leaves them but little faith for whatever is extraordinary, and an almost insurmountable distaste for whatever is supernatural.

    Flattering, but still horseshit, particularly then.

    Anyway, what I meant to convey is you see a simple-minded riff taking off on this, on how we all want to be rich, could be and therefore we do not hate or envy the wealthy because we know our society does not have classes all the time. It comes from pundits, politicians, even the most stupid people in the street who have had it drummed into them for years. .

  3. user_hostile said,

    September 1, 2012 at 3:29 pm

    Thanks.