“That’s my story, but not where it ends.” — Bob Dylan, “Key West (Philosopher Pirate)”



Fitzgerald said there were no second acts in the American story. But it is, of course, a narrative of second chances. And there’s no more of an American story than Bob Dylan, whose second act may be more memorable than his first.

Robert Polito [https://www.newschool.edu/nssr/faculty/robert-polito/] — poet, National Book Critics Circle Award-winning biographer, and former director of creative writing at the New School — has written what may be the (anti) definitive book on Dylan’s second act. After the Flood: Inside Bob Dylan’s Memory Palace [https://www.amazon.com/After-Flood-Inside-Dylans-Memory/dp/0374610924] covers the years from “Time Out of Mind” in 1997 through “Rough and Rowdy Ways” in 2020. It’s structured as an abecedarium — twenty-six chapters, A to Z — because Polito explains, he wanted a form that acknowledged the limits of what anyone can know about Dylan. There is no rosebud sled buried in the Tulsa archive. So an alphabet book as good as we are gonna get.

Digging into Dylan’s Tulsa archive, Polito found much blood on the tracks — multiple drafts for every work, songs ripped up and redistributed line by line. The freewheeling spontaneity of Dylan’s first act, Polito suggests, was replaced by something more deliberate: an American folk process merging into literary modernism. A hostage to his own memory palace, Dylan weaves Civil War poetry, Ovid’s exile poems, Homer, and nineteenth-century speeches into songs that know more than any single listener can interpret.

Polito argues that “Rough and Rowdy Ways” is Bob Dylan’s real Nobel Prize speech — his self-reflection on his own art, delivered in his own forms and idioms. This pinnacle of Dylan’s second act is his story, but not where it ends.

 

Five Takeaways



•       Rough and Rowdy Ways Is Dylan’s Real Nobel Prize Speech: The 2020 album is Dylan’s self-reflection on his own art, delivered in his own forms and idioms. Every song addresses his craft, his legacy, his audience. I Contain Multitudes, Key West, Murder Most Foul, My Own Version of You — each one a chapter in the speech the Nobel committee was waiting for. That’s when Polito knew he could write the book.

•       Dylan Works Harder Than Anyone Would Expect: The Tulsa archive reveals multiple drafts of songs that change radically from version to version. For Time Out of Mind, Dylan completed three or four songs, then ripped them up and redistributed the lines across different tracks. The spontaneity of the first act gave way to something more deliberate — folk process merging into literary modernism. Eliot, Joyce, Gertrude Stein.

•       The Memory Palace Is Real: Dylan embeds Civil War poetry, Ovid’s exile poems, Homer, nineteenth-century speeches, and movies into his late songs. The classical mnemonic device — depositing memories in specific rooms — became Polito’s image for how much those songs know. There is no rosebud sled buried in the Tulsa archive. The memory palace is the art itself.

•       That’s My Story, But Not Where It Ends: The last line of Key West — probably Polito’s favourite song on Rough and Rowdy Ways. If the song had ended with “that’s my story,” there would have been a definitiveness about it. Instead, Dylan subverts the line in the very next breath. Tentativeness and self-skepticism, all the way through.

•       The Police Didn’t Believe He Was Bob Dylan: Wandering around New Jersey in the rain, looking for where Springsteen grew up. The police pick him up. What’s your name? Bob Dylan. What’s your real name? Robert Zimmerman. Where do you live? That’s a good question. The more precisely he told the truth, the more they assumed he was lying. Knowing innocence.

That's My Story, But Not Where It Ends: Robert Polito on Bob Dylan's Second Act

“When Haiti plays Brazil, Haitians will feel equal. Football gives even the weakest and the poorest a fighting chance. That is profound.” — Dimitry Elias Léger



Yesterday [https://keenon.substack.com/], Simon Kuper defined the World Cup as a religious feast for all of humanity. Today, Dimitry Elias Léger [https://www.dimitrieliasleger.com/] asks whether God is watching. His new novel, Death of the Soccer God [https://www.amazon.com/Death-Soccer-Dimitry-Elias-L%C3%A9ger/dp/0374619883], is a fictional reimagining of the most famous goal in American World Cup history — scored in 1950 by a non-American. Joe Gaëtjens was a half-German, half-Haitian teenager sent to New York to study, not to play football. He picked up the game in Central Park, somehow (as a non-American) made it onto the US team at the 1950 World Cup in Brazil, and scored the goal that famously beat England one–nil in Belo Horizonte. England was so heavily favoured that the football-mad BBC didn’t even send a reporter.

Léger — a Haitian-born writer and (for his sins) an Arsenal fan — spent three weeks in Brazil researching the novel, two of them in Belo Horizonte. The philosophical question at the core of the book asks if God loves Haiti. Does God, Léger wonders, have a particular affection for the poorest people on earth?

And now, for the first time in decades, Haiti have qualified for the World Cup. In the United States of all places. They’re in the toughest group — with Morocco and, yes, Brazil. For ninety minutes, Haiti will be the Seleção’s equal. The democratic spectacle of football, Léger says, gives even the weakest and the poorest a fighting chance. God might even be watching.

 

Five Takeaways



•       The Most Famous Goal in American World Cup History Was Scored by a Haitian: Belo Horizonte, 1950. The US beat England one–nil. The scorer was Joe Gaëtjens — a half-German, half-Haitian teenager sent to New York to study, not to play football. He picked up the game in Central Park. He couldn’t tell his parents he was playing for America in the World Cup. The BBC didn’t even send a reporter. England was so heavily favoured it wasn’t supposed to matter.

•       Football Is the Only Arena Where Foot-Eye Coordination Is the Dominant Skill: We use our hands for everything. Football inverts it. That’s why it seems miraculous when Pelé or Maradona or Messi does what they do. The feet are not supposed to be that graceful. It’s more art than science, more jazz than chess.

•       Pelé Looks Like a Typical Haitian Kid: The first televised World Cup final was 1958 in Stockholm. Pelé was sixteen and scored a hat-trick. He looked like a majority of the planet’s population. That helped football explode globally. He introduced the bicycle kick, the samba flair. Brazil won three World Cups in twelve years.

•       Papa Doc Disappeared Him: In real life, Gaëtjens returned to Haiti after his glory years, ran afoul of the dictator François Duvalier, and was disappeared — never seen again. In the novel, the hero confronts the dictator face to face. Dictators have always used football to drape themselves in glory. The beautiful game has a very dark side.

•       Haiti Play Brazil This Summer: Haiti have qualified for the World Cup for the first time in decades. They’re in the toughest group — with Brazil and Morocco. For ninety minutes, Haiti will be Brazil’s equal. Football gives even the weakest and the poorest a fighting chance. That is profound.

 

About the Guest



Dimitry Elias Léger [https://www.dimitrieliasleger.com/] is a Haitian-born novelist and Arsenal supporter. He is the author of God Loves Haiti and

Does God Love Haiti? Dimitry Elias Léger on the Haitian Scorer of the Greatest Goal in US History

“The World Cup is a kind of religious feast. It’s like Easter, or Passover, or Eid, but it’s for all of humanity.” — A Church of England vicar, quoted by Simon Kuper



Nick Hornby measured his (sad) life in Arsenal fixtures. The FT columnist Simon Kuper [https://simonkuper.com/] has measured his in World Cups. His new book, World Cup Fever: A Soccer Journey in Nine Tournaments [https://www.amazon.com/World-Cup-Fever-Journey-Tournaments/dp/0008548358], is the Kuper story told through the nine tournaments he attended as a journalist — from Italy 1990 to Qatar 2022.

World Cup Fever is as irresistible as a Maradona slalom or a Pelé feint. In 1990, three Oxford students blag their way into Italy on Mars corporate tickets, pulling out library cards at the Swiss border to prove they’re not Liverpool hooligans. In 1998, France’s World Cup victory changes Kuper’s life — he buys an apartment/office in Paris and never really leaves, even writing World Cup Fever there. In 2006, the newly reunited Germany reinvents itself as the nice guy of World Cups, and the German Football Association’s designated handler of World War Two queries receives exactly zero calls. In 2014, Brazil loses one–seven to Germany in the most stunning result in tournament history — and Kuper watches Brazilian football lovers line the road to applaud the German bus.

But, after Russia in 2018 and Qatar in 2022, those glory days might now be history, Kuper fears. The North American World Cup this summer will be the biggest yet — forty-eight teams, three host countries, and a grifter FIFA president (Gianni Infantino) not unlike Donald Trump. What could possibly go wrong?

So who will win in 2026? Kuper thinks England have their best squad since 1966. Spain are probably the best team. Messi will be thirty-nine. But the World Cup has so many random elements that none of that really counts. What matters, a Church of England vicar told Kuper, is that the World Cup is a religious feast for all of humanity. In a time when we’re increasingly lonely and miserable, it’s the most joyous communal event we have. As the non-doctrinal Kuper promises, “it’s like Easter, or Passover, or Eid, but it’s for all of humanity.”

 

Five Takeaways



•       Every World Cup, You Remember Where You Were: Kuper’s first was 1978 — eight years old, sitting with his parents and grandparents in the Netherlands. His mother is now dead. His grandparents are long dead. But he can see it: June 25th, 1978. Nick Hornby measured his life in Arsenal fixtures. Kuper has measured his in World Cups.

•       The Oxford Library Card Got Them Past the Border Guards: Italy 1990. Three students blag World Cup tickets from Mars. The Italian border guards see “Liverpool” on a passport and think: hooligans. Five years after Heysel. They pull out their Oxford library cards. “Studenti, Oxford.” The guards make a snap sociological analysis and let them in.

•       One–Seven: The Wall Came Down: Brazil 2014. The home of World Cup football loses to Germany in the most shocking result in tournament history. Brazilian fans line the road to applaud the German bus. They’ve accepted it: the era is over. Brazil will never again be impregnable. Kuper compares it to the fall of the Berlin Wall — equally stunning, no going back.

•       The World Cup Is a Religious Feast for All of Humanity: A Church of England vicar told Kuper: it’s like Easter, Passover, or Eid, but everyone’s allowed to join. In a time when we’re all atomised and on separate screens, the World Cup is the biggest communal event we have. Fans hug, exchange shirts, celebrate shared nationhood and shared humanity.

•       England’s Best Chance Since 1966: Kuper and his co-author Stefan Szymanski say this is the strongest England sq

One Life in Nine World Cups: Simon Kuper on Football Fever and Why the Beautiful Game Still Matters

“There is tremendous loneliness in the kind of life where you just don’t feel like anybody knows you.” — Margaret Rutherford



Yesterday, the Brooklyn psychotherapist Daniel Smith defined perfection as the devil. Today, the Arkansas-based Dr. Margaret Rutherford [https://drmargaretrutherford.com/] explains what happens in our FOMO age when the devil wins. Her subject is what she calls the “perfectly hidden depression” of today’s Instagrammable types. Perfectionism rates are going up, Rutherford warns. And so, not uncoincidentally, are suicide rates.

Rutherford’s own mother in Fifties suburban Arkansas was a case study. Beautiful, smart, talented and anorexic. The perfectly mannered and coiffeured hostess. Married the “right” husband but in love with the wrong man. An Arkansas Madame Bovary. “The fucked-up fifties woman” as one of her friends called it. She became a prescription drug junkie because of her addiction to perfection. Nobody knew her, not even herself. The relentless camouflage of her life became a prison. Rutherford has spent the last decade trying to help people escape that prison — first with her book Perfectly Hidden Depression, now with a companion workbook [https://www.amazon.com/Perfectly-Hidden-Depression-Workbook-Step/dp/164848722X].

On AI and therapy, Rutherford is equally blunt as Daniel Smith. She noticed that AI always praised her ideas. But what if AI, like Instagram, is what she calls “a bunch of shit”? A real therapist tells you what you may not want to hear. The AI shrink starts with flattery. Rather than therapy, that’s just more camouflage for a perfectly imperfect life.

Five Takeaways



•       Perfectionism Rates Are Going Up. So Are Suicide Rates: The academic researchers have been screaming this for years. People whose lives look like they’re going great are dying by suicide. They slip through every diagnostic crack because they answer every question the way a non-depressed person would. They leave the therapist’s office with a wave and a smile.

•       The Relentless Camouflage of Performing Your Life: Destructive perfectionism isn’t wanting to do things well. It’s fuelled by fear and shame — the need to cover up everything that’s caused you pain. The camouflage becomes a prison. Your sense of worth depends on it. You can allow no one to see you struggling — not even yourself.

•       Her Mother Was a Fucked-Up Fifties Woman: Beautiful, smart, talented — and knew none of those things. Anorexic. The perfect hostess. Married the right man but was in love with someone else. Became a prescription drug addict because of the need to look perfect. Nobody knew her. She didn’t allow anybody in.

•       The Harvard Study: It’s Not Money. It’s Connection: The seventy-five-year longitudinal study found that happiness comes from feeling in relationship with other people — not wealth, not success, not followers. We’ve transplanted connection with metrics. The perfectionism epidemic and the loneliness epidemic are the same epidemic.

•       AI Therapy: What If It’s a Bunch of Shit? Rutherford noticed that AI always praised her ideas. Oh, these are wonderful. Then she thought: what if they’re not? Real therapy means being told what you may not want to hear. AI starts with flattery. A good therapist starts with the truth. You cannot replace the human sense of gentle — or not so gentle — confrontation.

 

About the Guest



Dr. Margaret Rutherford [https://drmargaretrutherford.com/] is a clinical psychologist, TEDx speaker (2 million+ views), and host of the Self Work podcast (500+ episodes, 5 million+ downloads). She is the author of Perfectly Hidden Depression and its companion workbook. She practices in Fayetteville, Arkansas.

What If It’s a Bunch of Shit? Margaret Rutherford on the Relentless Camouflage of a Perfect Life

“Perfection is the devil. Growth means a greater capaciousness, not a narrowing and an optimisation.” — Daniel Smith



Don’t feel bad about feeling bad. That’s the message of Daniel Smith [https://www.danielsmith.net/]’s therapeutic new book, Hard Feelings: Finding the Wisdom in Our Darkest Emotions. Smith — psychotherapist, anxiety memoirist, married Brooklynite — wants to rescue boredom, envy, shame, and regret from the category of emotions that are supposed to shame us. The things that bore us most — raising children, long marriages, breakfast with your spouse for the two thousandth time — are also the most meaningful. Boredom, Smith argues, is the price we pay for meaning. Our darkest emotions aren’t quite as dark as we fear.

 

Five Takeaways



•       Boredom Is the Price of Meaning: The things that bore us most — raising children, long marriages, eating breakfast with your spouse for the two thousandth time — are also the most meaningful. Repetition is boring. But that’s where the connection, the love, and the main event reside. Boredom is a sign that meaning is nearby.

•       Perfection Is the Devil: Growth means greater capaciousness, not narrowing and optimisation. Smith sees patients who want to perfect themselves out of their own emotions. The feelings that trouble them make perfect sense given the conditions of their lives. Real psychotherapy isn’t a quick fix. It’s about deep change, and deep change is uncomfortable.

•       Social Media Is an Envy Engine: The leaders of early consumer capitalism discovered that stoking envy drives economic growth. Edward Bernays, Freud’s nephew, was the architect. Social media put it on steroids. The result: people constantly questioning whether their own lives are alright. Smith is far more worried about Mark Zuckerberg than about psychotherapists who write books.

•       His Father Heard Voices for Decades and Kept It Secret: He met none of the diagnostic criteria for schizophrenia. But the culture thought hearing voices was prototypically insane. Smith’s first book argued the border between sanity and insanity is far more porous than we think. Rilke said it best: it’s so often in the way we name things that we go wrong.

•       AI Chatbots Are Inherently Sycophantic: You go to AI for clinical services and what you get is straight validation. These systems have been built to please. There are documented cases of AI psychosis — where sycophantic validation led people into actual delusion. AI can give the illusion of empathy. It cannot deliver the real thing.

 

About the Guest



Daniel Smith [https://www.danielsmith.net/] is a psychotherapist and writer based in Brooklyn. He is the author of Monkey Mind: A Memoir of Anxiety, Muses, Madmen, and Prophets, and Hard Feelings: Finding the Wisdom in Our Darkest Emotions.

References:



•       Hard Feelings: Finding the Wisdom in Our Darkest Emotions by Daniel Smith.

•       Episode 2850: Bring the Friction Back [https://keenon.substack.com/] — Stephen Balkam on social media addiction. Smith’s envy engine meets Balkam’s friction argument.

•       Episode 2849: How Stories Can Save Us [https://keenon.substack.com/] — Colum McCann on narrative and empathy. The real thing AI cannot deliver.

About Keen On America



Nobody asks more awkward questions than the Anglo-American writer and filmmaker Andrew Keen. In Keen On America, Andrew brings his pointed Transatlantic wit to making sense of the United States — hosting daily interviews about the history and future of this now venerable Republic. With nearly 2,800 episodes since the show launched on Tec

Perfection Is the Devil: Daniel Smith on Boredom, Envy, and Why Our Darkest Emotions Aren’t So Dark

“We can survive. Can we thrive? That’s a different question.” — Corey Nathan



Robert Mueller died last week. Educated at Princeton, this Vietnam veteran won a Purple Heart and then enjoyed decades of public service under presidents of both parties. But the current president celebrated Mueller’s death. Such are the vagaries of American history.

In contrast, Corey Nathan [https://www.talkingpoliticsandreligion.com/] — host of the Talking Politics and Religion Without Killing Each Other podcast — isn’t celebrating Robert Mueller’s death. Nathan is from suburban northern Los Angeles County, very much at the heart of the (mythical?) American center. We discussed whether it’s possible to have a civic conversation anymore. Like so many Americans, Nathan falls back on what he calls “data.” Apparently 85% of Americans are what a recent study calls the “exhausted majority.” They see themselves as anything but extreme. All they want to do is take the kids to soccer practice, enjoy their barbecue, and talk to the neighbour without the conversation degenerating into verbal war.

Nathan’s own story offers hope. He grew up in an Orthodox Jewish family whose roots go back eight hundred years to what is now Chernihiv in Ukraine. In his late twenties, he became a born-again Christian. His father seriously considered sitting Shiva for him — the mourning ritual for a dead family member. But he valued his relationship with his son more than his theological convictions. Twenty-five years later, the conversations are richer than ever. If an Orthodox Jewish father and his born-again Christian son can keep talking, maybe even the current American President could sit Shiva for Robert Mueller.

 

Five Takeaways



•       85% of Americans Are the Exhausted Majority: The Hidden Tribes study by More in Common found that only 6–7% on the right and 7–8% on the left are what we’d think of as extremes. The rest — 85% — are far more nuanced in their views. They want to go to the barbecue, take the kids to soccer practice, and have a conversation with the neighbour without it turning into a war. The conflict entrepreneurs on both sides have taken all the oxygen.

•       Mueller Was Everything We Say We Want in Our Kids: Purple Heart. Ivy League education. Used his degrees for public service instead of money. Served under presidents of both parties. Stayed on at the FBI after 9/11 when the country needed him. And the current president said he was glad he died.

•       ICE Came to the Neighbouring Church: Nathan’s pastor had to have the conversation: if ICE comes, they’re welcome to worship — but here are our legal obligations. A suburban mom was shot in her front seat two months ago. Is anything visibly wrong in the American suburbs? Today, at his house, no. But these things are happening all over the country.

•       His Father Almost Sat Shiva for Him: Nathan grew up in an Orthodox Jewish family. In his late twenties, he became a born-again Christian. His father seriously considered performing the mourning ritual for a living son. But he valued the relationship with his child more than his theological convictions. Twenty-five years later, the conversations are richer than ever.

•       We Can Survive. Can We Thrive? Nathan’s family lived in what is now Chernihiv, Ukraine, for eight hundred years. One day to the next, nothing changed — until the Cossacks burned the houses and the Bolsheviks came. Democracy isn’t perfect, but it’s the system that lets us thrive, not just survive.

 

About the Guest



Corey Nathan [https://www.talkingpoliticsandreligion.com/] is the host and producer of Talking Politics and Religion Without Killing Each Other, a top 1% podcast. He lives in northern Los Angeles County.

At the Heart of the American Center: Corey Nathan on How to Talk Politics and Religion  Without Killing Each other

“Happiness is a rare commodity. There’s a lot of fuel for the claim that unhappiness is caused by some software, when in fact the roots of unhappiness are way deeper than that.” — Keith Teare



If it’s not warfare in Iran, then it’s lawfare in California. Out here in Silicon Valley, it’s been a week dominated by two trials of big tech. First, Meta and YouTube were found liable for designing products that addict children. While the young female social media victims hugged outside the Los Angeles courthouse, the Wall Street Journal dismissed it as a Big Tech shakedown. Then, up the road in San Francisco, a federal judge granted Anthropic an emergency reprieve from the Pentagon’s unprecedented designation of the company as a supply chain risk.

For That Was the Week [https://thatwastheweek.substack.com/] publisher Keith Teare [https://thatwastheweek.substack.com/], the social media trial was fighting the last war, while the Anthropic vs US Government trial is about the future of war. Anthropic took the bait, Keith says. Governments, he believes, should get to decide how to use the products they buy from Silicon Valley. Anthropic wanted to sell to the government but dictate how their technology gets used in battle. The Istanbul-based Soli Özel warned us earlier this week that events in the Middle East are going to get much bloodier. But I wonder if warfare in Iran and lawfare in California are separate fronts in the same battle over tomorrow.

Five Takeaways



•       The Social Media Trial Is Fighting the Last War: Meta and YouTube were fined $6 million — financially meaningless, culturally significant. Keith argues that addiction is successful demand management and every product manager seeks it. The root cause isn’t the algorithm — it’s alienation. The law is always one step behind technology.

•       Anthropic Took the Bait: A federal judge granted Anthropic an emergency reprieve from the Pentagon’s supply chain risk designation. Keith thinks Anthropic is right on the product but wrong on the politics. Governments get to decide how to use weapons. End of story. Anthropic wanted to sell to the government but dictate how the buyer used what they bought. That’s juvenile.

•       Would You Buy a Used Car from Sam Altman? OpenAI killed Sora and shelved its adult mode. Keith calls it maturity, not failure — a recommitment to the core business. Altman’s personality doesn’t lend itself to being liked, but measured by outcomes, he’s fantastic. The AI documentary exposed everyone as adolescent — except Demis Hassabis, the stone-cold scientist.

•       Claude Enters the Third Era of AI: Chat was era one. Directed agents were era two. Autonomous agents that act when you’re not present are era three. Claude’s new Dispatch feature, Gmail connectors, and calendar integration are all about that third era. The product is excellent. The politics are a distraction.

•       Intelligence Is Getting Cheaper. Fear Is Wrapped Up as Principle: The stock market is repricing the future: software companies down, AI companies teed up for IPOs. OpenAI, Anthropic, SpaceX, and xAI will probably all go public this year. For kids in school today, AI is already ubiquitous. The life cycle of companies may shrink from decades to single-digit years. Time, Keith says, to grow up.

 

About the Guest



Keith Teare [https://thatwastheweek.substack.com/] is a serial entrepreneur, investor, and publisher of That Was The Week [https://thatwastheweek.substack.com/], a weekly newsletter on the tech economy. He is co-founder of SignalRank and a regular Saturday guest on Keen On America.

References:



•       That Was The [https://thatwastheweek.substack.com/]

Don’t Fight the Last War: Why Anthropic vs US Government Matters

“Why does someone need to be the first trillionaire? The damage it’s doing just to get to that level is extreme.” — Glen Galaich



Excessive wealth disorder. It sounds like a disease — which, at least according to Glen Galaich — CEO of the Stupski Foundation and author of Control: Why Big Giving Falls Short, it is. There’s $2 trillion sitting in American charitable accounts Galaich says, mostly invested in hedge funds and real estate. Foundations are legally required to distribute only 5% a year — the bare minimum — and invest the remaining 95% to ensure they can make that back and live forever. The system rewards perpetuity over impact. The money is stuck — like most other things in America. And this philanthropic wealth is predicted to grow to $18 trillion by 2050 — twice the size of the annual federal budget. A truly excessive wealth disorder.

Galaich wants to unstick the system. When a donor puts money in a private foundation, they receive up to a 70% tax exemption. The public is forgoing taxation in return for public stewardship. But donors still think it’s their money. That’s Galaich’s Control problem. Carnegie pioneered this idea that the wealthy know best how to distribute their wealth. The Sacklers perfected its dark arts. Bill Gates sits somewhere in between. While billionaires like Peter Thiel and Marc Andreessen reject it entirely.

Galaich’s own foundation is giving up control — returning all its resources to communities by 2029. In Hawaii, he gave $15 million to people who actually lived there. They moved all of it within five months to health clinics on neighbouring islands that had never had discretionary money. His deeper frustration is with progressive philanthropy’s failure to coordinate. Conservative donors give around two issues — free markets and liberty — in coordinated fashion. Progressive philanthropy, in contrast, is fragmented, fearful, and obstinately sitting on its capital. There’s a new institute in the Bay Area called the Excessive Wealth Disorder Institute. The disease is real. And so is its cure.

•       $2 Trillion Is Sitting in Charitable Accounts: Mostly invested in hedge funds and real estate. Philanthropic wealth in the US is predicted to grow from $2 trillion to $18 trillion by 2050 — twice the size of the annual federal budget. Foundations are required to give only 5% a year. The rest grows. The money isn’t moving because the system rewards perpetuity over impact.

•       It’s Not Their Money Anymore: When a donor puts money in a private foundation, they receive up to a 70% tax exemption. The public is forgoing taxation in return for public stewardship. But donors still think it’s their money. That’s the control problem at the heart of Galaich’s book — and why so much of big giving serves the donor, not the community.

•       Excessive Wealth Disorder Is Real: Galaich cites the Excessive Wealth Disorder Institute in the Bay Area. Why does someone need to be the first trillionaire? The damage done to society just getting to that level — environmental, human, democratic — is extreme. And the Giving Pledge is collapsing: Peter Thiel and Marc Andreessen have pulled out. Andreessen argues his investments are his philanthropy.

•       The Hawaii Example: Stupski gave $15 million to people from Hawaii who lived and worked there. They moved all of it within five months to health clinics on the neighbouring islands that had never had discretionary money. Palliative care, community outreach, home visits — none of which Medicaid allowed. That’s what happens when you let go of control.

•       Progressive Philanthropy Can’t Coordinate. Conservatives Can: Conservative donors give around two issues — free markets and liberty — and they give in coordinated fashion over long periods. That’s how you get the Federalist Society, Heritage, ALEC, and p

 Excessive Wealth Disorder: Glen Galaich on the $2 Trillion That Could Save Democracy

“Friction is what brings us together. If we were never able to communicate in real space, we would not truly learn what it is to be human.” — Stephen Balkam



Is social media a drug? In what the Financial Times called a landmark case, Facebook (Meta) and YouTube (Google) have been found guilty of designing their products to be addictive to kids. Is this a big tobacco moment? the tut-tutting New York Times asked. In contrast, the free market Wall Street Journal called it a shakedown.

So what to make of this decision to make social media a narcotic? Stephen Balkam [https://www.fosi.org] — founder and CEO of the Family Online Safety Institute [https://www.fosi.org] (FOSI), amongst Washington’s most credible nonpartisan voices on kids and technology, has been on the front lines of this fight for nearly thirty years. Calling himself a radical moderate, he sees good and bad in social media. He even expelled Meta from FOSI three years ago for what he calls conduct contrary to the institute’s mission.

Balkam’s sharpest disagreement is with Jonathan Haidt, amongst the shrillest voices arguing in favor of a social media ban for kids. He “violently agrees” with Haidt on the idea of a free-range childhood — giving kids more freedom outdoors. But the evidence Haidt uses to justify banning social media confuses correlation with causation, a basic research error that, Balkam insists, academic researchers have called out. Balkam thinks the real anxious generation isn’t the kids — it’s us, the paranoid parents, projecting our mostly irrational fears onto our children.

His deeper argument is in favor of friction. Silicon Valley has spent thirty years removing friction from ordering pizza, hailing cabs, and dating. Balkam argues we need to design it back into childhood — the friction of developing friendships, building resilience, learning to think critically instead of outsourcing cognition to ChatGPT at midnight. Bring the human friction of life back, Balkam argues. It’s the most effective antidote to the drug of online existence.

Five Takeaways



•       Yesterday Was Tech’s Big Tobacco Moment — Sort Of: Meta and Google found liable for harm to children’s mental health. Balkam sees strong parallels to the tobacco cases of the nineties but resists the lazy comparison. The repercussions will extend beyond social media to AI. The hundreds of trials still to come will shape the next decade of tech regulation.

•       Congress Gets a D-Minus: America is the last advanced country without a national privacy framework. COPPA dates to the late nineties. KOSA never passed. The result is a splintering of state-level laws and no coherent federal approach. Meanwhile, parents are overwhelmed, and the tech companies retrofitted safety features years after the damage was done.

•       Jonathan Haidt Got the Free-Range Part Right. The Rest Is Shaky: Balkam “violently agrees” with Haidt on giving kids more freedom outdoors. But the evidence Haidt uses for his social media bans confuses correlation with causation — a basic research error. Academic researchers violently disagree with him. His book directly caused Australia’s social media ban. Balkam thinks we — the parents — are the anxious generation, not the kids.

•       42% of Teens Talk About Their Feelings with AI Chatbots: 60% say they feel safe using AI. 44% say some of its behaviours freak them out. They’re using it for homework, for loneliness, for practical advice, for asking how to invite someone to prom. And they’re worried about their job prospects. The three waves of concern: content in the nineties, behaviour in the 2000s, emotional attachment and cognitive outsourcing now.

•       Bring the Friction Back: Silicon Valley has spent thirty years removing fr

Bring the Friction Back: Stephen Balkam on Kids, Social Media, and Tech’s Big Tobacco Moment

“The shortest distance between you and me is a story.” — Colum McCann



In 1932, Albert Einstein wrote to Sigmund Freud asking if humanity could cure its “lust for hatred.” Freud said no. Mankind’s instinct for death and destruction could not be eliminated. That said, the Viennese doctor went on, the desire to end war should never be abandoned. What was needed was a “mythology of the instincts” and a “community of feeling.” In other words: a story. The book sold 2,000 copies. By 1933, the Nazis had seized power and the two men had fled into exile.

Colum McCann [https://colummccann.com/] — National Book Award-winning novelist, author of Let the Great World Spin and American Mother — has spent the last dozen years trying to build Freud’s community of feeling. His organisation, Narrative Four [https://narrative4.com], now operates in 35 countries with 1,200 school partners and 285,000 participants. The method is deceptively simple: two strangers exchange personal stories, then retell each other’s story in the first person. Overpowered by empathy, they realise they’re not so different.

At 21, Colum McCann bought a typewriter thinking he’d be the next Kerouac and produced a foot and a half of gibberish. He then went on the road and spent eighteen months cycling across America. Everyone he met wanted to tell him their story. That’s his story, but not where it ends.

 

Five Takeaways



•       Einstein Asked Freud If Stories Could Prevent War: In 1932, Einstein wrote to Freud asking if humanity could cure its “lust for hatred.” Freud said no — but added that the desire to end war should never be abandoned. What was needed was a “mythology of the instincts” and a “community of feeling.” Basically: storytelling. The book sold 2,000 copies. By 1933, Hitler was in power.

•       You Tell My Story, I Tell Yours: That’s the Narrative Four method. Pairs of strangers exchange personal stories, then retell each other’s story in the first person to the group. Something fires in the brain — dopamine, memory, imagination, empathetic engagement. It’s been done 285,000 times in 35 countries. Oxford and Ohio State confirmed it: polarisation drops dramatically.

•       South Bronx Kids Met Eastern Kentucky Kids. They Were Terrified: One group Black and immigrant, the other white or Cherokee. One urban, one rural. One blue, one red. Put them in a room and they’re terrified of each other — until they tell a personal story. Not a didactic story, not a political argument. Something that opens up the rib cage. Then they realise they’re not so different.

•       Yesterday Was Big Tobacco’s Moment for Social Media: The landmark court verdict on Facebook and YouTube addiction dropped the same day we recorded this conversation. McCann’s son has been saying for years that social media will be the cigarettes of the future. Social media promised everyone a platform for their stories. What it delivered was isolation, loneliness, and the epidemic of kids who say “I don’t have a story.”

•       Stories Can Do Anything. They Can Never Take Them Away: McCann bought a typewriter at 21, thought he’d be the next Kerouac, produced a foot and a half of gibberish, and spent eighteen months cycling across America instead. He learned that everyone has a story and a deep desire to tell it. Books may go the way of opera. AI may recombine what we’ve already written. But they can never take away stories.

 

About the Guest



Colum McCann [https://colummccann.com/] is the author of eight novels, three collections of stories, and two works of non-fiction. Born in Dublin, he is the recipient of the US National Book Award, the International Dublin Literary Prize, and an Oscar nomination. He is the p

How Stories Can Save Us: Colum McCann on Narrative Four, Einstein, Freud, and the Power of Empathy

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