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Sam B's avatar

That's a powerful framework for thinking about contemporary developments.

A couple of thoughts:

- The framework splits the world into the "winners" and the "losers". But what about the large group in the middle - the people who are doing OK for now, but aren't Randian-style winners and perhaps fear that they might end up losers in what seems an increasingly precarious world? Isn't that the group that has to be won over? Can the winner/loser coalition you point to broaden its appeal to this group?

- It seems that we currently have a fight going on between elites for legitimacy. A new elite (exemplified by Trump and Musk) can point to the failures - and they would say outright corruption (or worse) - of the old elites, and contrast this with their own personal triumphs (often against adversity imposed by the old elites). It's not clear the old elites (e.g. the traditional party politicians who are dropping like flies across the west) have much to counter this. In the UK they seem to be pinning their hopes on delivery, which (even if it works) seems quite thin gruel compared with what their adversaries offer.

- Crypto itself is, among other things, explicitly anti-old elite (governments, monetary authorities, banks). The Reddit/Gamestop phenomenon is similar (this group explicitly identified themselves as "losers" pitting themselves against a corrupt Wall Street elite) though it doesn't seem to have the same winner worship attached to it.

- You say the young men you speak with in Luton have decided that "if the world is stacked against you, you may be better off allying with the winners than banding together with other losers". Put this way, that doesn't seem all that crazy (though maybe it's more that they are banding together both with other "losers" and the winners). What can the "left" offer to these young men that they might find preferable? Or is this group destined to be neglected by the left as a lost cause?

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Rupert Stubbs's avatar

An interesting perspective that feels horribly resonant.

"Loser cults that are unembarrassed about the exercise of raw power, that look and feel as strong as their adversaries and don’t lock themselves into minority values, reconnecting to the everyday values of the majority. Cults in other words that can pragmatically steal from the other side."

Is this a thinly-veiled message to Kier Starmer...?

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