C’est en fait le paradoxe de Tocqueville qui nous éclate à la figure. Dans l’un des pays qui redistribue le plus au monde, le pays qui égalise le plus les conditions objectives d’existence, qui donnent le plus de chance à tous, qui donne culture, éducation et enseignement supérieur gratuitement à tous, qui respecte le plus les droits de l’homme, dans ce pays de cocagne donc, une part significative de la population est persuadée qu’elle vit dans un enfer d’injustices et de violences systémiques. Comme l’avait très bien montré Tocqueville, plus il y a d’égalité, plus les inégalités qui restent deviennent insupportables. Notamment parce que la société méritocratique, par rapport à l’ancien régime fondé sur la naissance, a cela de terrible qu’elle rend les gens responsables de leurs conditions.

« Ce n’est que du matériel, ils ont juste à faire jouer les assurances, pas de quoi en faire un drame. » Il faut n’avoir absolument aucune conscience de ce qu’est être commerçant ou entrepreneur pour dire un truc pareil. Voir son outil de travail partir en fumée, c’est traumatisant. Voir ses économies investies dans un commerce qui met parfois des années à rapporter un maigre salaire, c’est violent. Beaucoup ont en plus été frappés, blessés, humiliés. Les assurances ? Si les petits commerces arrivent à se faire rembourser une partie des pertes, ce sera déjà une victoire. Elles ne couvriront pas tout, si elles couvrent quelque chose, et ce sera un enfer administratif et judiciaire pour beaucoup de victimes, ajoutant au traumatisme. Ce n’est pas « que du matériel ». Ce sont des vies brisées, des violences physiques et psychologiques, qui auront des conséquences. Rien ne justifie cela. Aucun motif politique. Il n’y en a pas, ce sont juste des pillages, tout le monde le sait. Ceux qui essayent de minorer ou de justifier cette violence (qui touche d’ailleurs des gens souvent modestes, dont la vie va être encore plus difficile désormais) s’en rendent complices.

having tried my best to intuit the motives of the protesters in France today, I am struck by the fact that two of the most treasured pillars of the European postwar order are colliding: 1. unfettered immigration, especially from former colonies, justified by historical obligation and postcolonial guilt 2. protecting pensions and the elderly at all costs, even to the point of extreme fiscal strain now you have first and second generation immigrants, as well as young native french people, taking to the streets because the french state is hell-bent on extracting whatever it can and feeding it into the maw of boomer luxury communism. the younger generation is being asked to accept a deteriorating deal: pay more, receive less, and abandon the expectation of matching the living standard of their parents or grandparents. the young immigrant newcomers have even less incentive to accept any kind this bargain. they are not bought in to the french social contract. they have no common identity with the french boomers they are being asked to sustain. they resent the fact that the entire machinery of the state is designed to exploit the young to serve the old. the old do not care about the immigrants enough to trade away any of their entitlements for them. they have the advantage as they wield the franchise reliably and their share of the electorate is only growing, so they won't accept a decline in their own standard of living to fund a future they will never live to see. now these two groups are on a collision course. ironically, immigration was intended to ameliorate the worsening fiscal picture brought about by a demographic transition. but this did not happen. studies have repeatedly shown that immigrants do increase aggregate GDP (by simple brute force, by adding to population), but not the fiscal picture [1]. the most comprehensive paper using real-world data [2] segments immigrant types to France and finds non-EU immigrants to be persistently fiscally negative. EU immigrants by contrast are the most fiscally positive group, meaning that studies that consider immigrants as a whole are masking the negative impact of non-western immigrants (and Algeria, Morocco, and Tunisia rank #1 and #2 and #4. Africa accounts for 50% of the 8 million immigrants living in France today.) immigration has not caused France's fiscal crisis. but it hasn't bettered the economic picture at all – it has deteriorated it somewhat – and it has created a combustible demographic that has little allegiance to the French nation. far from helping France deal with its aging workforce, immigration has added fiscal burden and created a permanent, non-assimilated disenfranchised underclass. the original justifications for immigration – labor scarcity, postcolonial obligation, and more recently workforce aging – have largely failed to manifest the promised results. the pro-immigrationist policy has been defended in Brussels as necessary to defend the welfare state, but it has expanded the population making claims on the state, without eliminating the need for fiscal adjustments. France now has an aging electorate aiming to preserve the benefits it was promised, mingled with a younger more diverse population that questions whether it will ever receive a similar deal. the young are vastly outmatched at the ballot box and so they take to the streets. the french establishment is now trying to preserve a tenuous status quo: unlimited intergenerational obligations alongside a neverending immigration regime that continually changes the composition of the society intended to honor those obligations. the immigration regime also actively worsens the fiscal picture while creating these cultural fractures and inculcating a society more prone to sectarian violence. the french state will have to renegotiate its social contract and disempower one of these groups. electoral gravity suggests that the old will continue to win until France finally reaches default and creditors renegotiate the welfare state for them. the major contenders in 27 take different approaches to this tradeoff: - the right in Le Pen looks to reduce immigration-related expenditure and focus public spending on French citizens, while resisting retirement age increases - Macron in the center aims to control immigration somewhat and reform pensions by raising retirement age - Melenchon's left, largely behind the protests this week, denies the tradeoff and aims to keep funding pensions and retirement at 60 while increasing immigration. as France has very little fiscal space it's unclear how this would be paid for whether the french social contract can be peacefully renegotiated remains to be seen. [1] For France, immigrants' net fiscal contribution averaged -0.85% of GDP over 2006-2018 when all public expenditure was allocated (and this includes ALL categories of immigrants including European, American and Asian) See: oecd.org/en/publications/int… [2] See table 4 (translated below) shs.cairn.info/revue-economi…

claude just generated this 2 minute video about the history of Google and it goes so goddamn hard

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something’s brewing ☕

Thank you @nazimahmed, @pagameba & the @setzapp team. Amazing work on this! Happy to be part of the @bankrbot ecosystem and working together. We always want to foster an inclusive, fun and vibrant community here. I think it's important to highlight @base voices and appreciate those we come across and vibe with. Hope you can have some fun here. I'll snag a few packs myself tomorrow 🙃

gLoop something to be excited about obviously i know as the human behind Loopers there will always be expectations for me (which i will be exceeding ofc) but the Loop is a decentralized network of humans and agents (deSwarm?) with endless potential we are the Loop and we are already looping

Woke up, time to work on pandafinancial.org and spread that @base energy that the loopers nft project @QuigleyNFT dropped! ITS DAY 1 BABY!!!!!! LETS FUCKING GOOOOOO

wait what?

One image --> 💀 HEIF HEIST has arrived on Robinhood Chain. $LIBHEIF Inspired by the HEIF/libheif security story currently unfolding across OpenAI, Slack, GitHub and the web. CA: 0xa2E30761dADD0894c7A591864E5936E75397ABA3 Unofficial meme. Not affiliated with the libheif project.

Here is what my cryptocurrency portfolio looks like now. 😁 😁 CC: @cz_binance (aka $Peng) @brian_armstrong (aka $BrainArm Strong) @cobie (aka $Cobee) @jessepollak (aka $Jesski)

over 2k Loopers agents onchain with wallets roughly 48 hours to go Loopers gonna loop

How to get attention and support from the base team: Do something innovative, fun, useful, interesting, valuable, impactful. Post about it. Get your users, friends, community to post about it. Collab with other people doing something innovative, fun, useful, interesting, valuable, impactful.

We keep it fun and inclusive lowkey Always happy to highlight @base projects, people, and communities Feel free to tag me for more inspo and art creativity

The future economy is programmable.

Alright fam, $jesski is at 55k mcap. I am tempted to buy more but I don't want to hear cries about holding too much later. I will give you a head start before I buy more. You have 30 mins @Jesskionbase 0x416a846cdf5811a71e289e15e87180a4afa2fba3

I'm going to be the pleb version of @theunipcs for the base trenches. Follow the journey with @Jesskionbase @CobeeBase @xbrainarmstrong btw, I did not delpoy these and I don't know the people who did. I reached out to them and offered support after I found them on the tl. Jesski was live for 9 hours when I found it

Join me on the Jumper waitlist. waitlist.jumper.xyz/r/JMP-3C…