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Contempt and scarcity: Late capitalism a survival guide

Wes Cecil argues that late capitalism isn't just economically destructive—it's actively poisoning our culture with two necessary byproducts: contempt and scarcity. These aren't accidental side effects but essential features of a system that requires its practitioners to hold ordinary people in genuine disdain while simultaneously extracting value from them. His evidence is startling: traders who openly mocked the people they stole from, billionaires who designed education reform for other people's children while their own kids attended something entirely different, and tech executives lobbying to restrict social media for everyone except their own families. This isn't merely academic—it's a pattern visible in every institution we've been told to trust.

The Poison of Contempt

Contempt is not simply anger or disgust but a hierarchical sensibility that combines both, directed downward toward those perceived as lesser. Psychologists suggest this is a basic human emotion, and late capitalism has weaponized it. The system cannot function without cultivating contempt for the people it exploits.

Contempt and scarcity: Late capitalism a survival guide

Cecil identifies this as fundamentally corrosive—eroding our capacity to understand, appreciate, and enjoy the world. He believes these toxins are killing us slowly, though he acknowledges that framing them as deadly might sound dramatic.

Enron's Trading Floor

The case that immediately comes to mind is Enron's manipulation of energy markets in 2005, where they overcharged customers across Washington, Oregon, and California. During the trial, internal tapes revealed traders discussing how they'd stolen money from people—specifically "poor grandmothers in California." The famous exchange involved traders mocking a woman they called Grandma Millie, who couldn't figure out how to vote on a butterfly ballot. They expressed shock that she would want her stolen money back:

"She wants her money back for all the power you charged right up her ass—$250 a megawatt hour."

The traders were appalled that these people—whom they saw as ignorant, useless, and beneath concern—would dare to ask for their money back. They acknowledged stealing it but held complete contempt for those they'd stolen from. This is not an exception; it's the rule. The entire system depends on this attitude.

Bill Gates and the Common Core

The same sensibility appears in Bill and Melinda Gates Foundation's push for education reform through Common Core standards. What shocks Cecil is that the program designed bears no resemblance to the education either Gates received or wanted for their own children.

Both went to rigorous private institutions emphasizing free choice, discussion around tables, self-direction, and extracurricular exploration. Their children attended similar schools—not Common Core versions. Yet they invested millions reformulating American education into an utterly restrictive, narrow set of basic skills.

How could they spend such resources changing education into something they themselves would never accept? The answer: they hold almost all the country's children in contempt. They haven't met these students; they're simply not their kind of people. The Common Core approach was designed for other people's inferior children—someone else's grandchildren—while their own needed something entirely different.

Cecil notes this reform was successful in the sense that most states adopted parts or entirety of Common Core approaches. It's massively influential, yet almost no actual educators—teachers who work with children daily—were involved in crafting these standards. The people designing education for millions of students held those teachers in contempt: "Why would we ask you about something important like education? What could you possibly know? You're just a dumb school teacher."

The Trades Pushers

The same pattern appears in current pushes toward trades for young people, particularly young men. This approach doesn't track in Europe where systems for trades have existed for generations. In the US context, it's presented as: "College is a waste of time—go into the trades." Nothing wrong with trades themselves; they're great.

But examining these advocates reveals none of them work in the trades. They attended high-end colleges, accumulated multiple degrees including PhDs, yet promote trades for others while their own children don't pursue them. They're essentially saying: "Don't do what I did—do what I'm telling you to do."

When people promote something they refuse to participate in themselves—or actively prevent their families from participating in—that should raise suspicion about their true views.

Social Media Executives

The pattern becomes unmistakable with social media executives testifying before Congress. They lobbied for restricting social media access for young people, claiming it would harm children. Yet when asked if their own children used these platforms, they all answered no—absolutely not.

They spent millions lobbying to ensure other people's kids could access platforms they absolutely forbade their own children from using. The message was: "This is good enough for your children—it's un-American to deny mine."

Counterpoints

Critics might note that framing contempt and scarcity as uniquely poisonous products of late capitalism risks ignoring similar dynamics in other economic systems. Some observers argue this hierarchical disdain exists wherever power imbalances exist—not exclusively in capitalist structures. Additionally, defining contempt as "both anger and disgust" might oversimplify what are genuinely complex emotional responses to injustice.

The philosophical argument also faces practical challenges: identifying these poisons doesn't automatically suggest how to address them. Cecil acknowledges the dramatic framing but maintains these poisons fundamentally erode our collective capacity for genuine appreciation and enjoyment of life.

Late capitalism requires practitioners to hold ordinary people in genuine disdain while extracting value from them.

Bottom Line

Cecil's strongest insight is documenting specific instances where powerful institutions demonstrate contempt for those they claim to serve—the Enron traders mocking their victims, Gates designing education reform for other people's children, executives promoting trades they won't touch themselves. These concrete examples are genuinely disturbing and deserve attention.

His biggest vulnerability is the philosophical framing: "poison" and "killing us" suggest urgency but don't actually propose solutions beyond recognizing these dynamics. The argument that late capitalism requires contempt and scarcity is provocative but underdeveloped. Still, the evidence he presents—traders, Gates, social media executives—is compelling enough to make viewers suspicious of any reform proposed by people who refuse it for their own families.

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Contempt and scarcity: Late capitalism a survival guide

by Wes Cecil · Wes Cecil · Watch video

Thanks to our Patreon members for helping to make this episode possible and we're now available on all the major podcasting platforms. You can find more information at the links below. Good evening ladies and gentlemen and welcome to Lake Capitalism a survivor guide contempt and scarcity. Now, in this episode, I want to broaden out from the details we've looked at, like I've been doing all the gory dissections of the how governments respond and the economic nature of this and maybe even too much in detail on that.

However, now I want to turn to the broader more philosophical implications of this for our culture, for our thinking, for our self-perception, for our society in general and sort of start moving away from that sort of telescopic view or micros microscopic view, not telescopic view, microscopic view of all the inner workings. I think we can all hopefully agree that we understand on how this is working out in our day-to-day lives already. pardon if I'm a little congested sounding because I'm a little congested. got that flu that everyone has that's been going around.

So, I want to turn now to contempt and scarcity. And this is two poisons. I would say just to be clear, two poisons that are being poured continuously into our lives by our culture. And these are necessary byproducts of the late capitalist worldview.

You cannot not do this. You can't have late capitalism without a shocking amount of contempt for individuals, for ourselves, unfortunately, for our society, for our values in general. And you have to have scarcity. You have to be continuously creating scarcity.

So, I'll divide these into two, but I almost I apologized a little bit for doing all the gory details in the dissection, but I really enjoyed that part, I have to say. So, it wasn't much of an apology. I guess it's sort of a mink apology. However, in this case, I really do not like to meditate on these because I find them so destructive, but they are so omnipresent in our culture.

I think it is necessary to stop and go, look, this right here is poison and it's killing us. And that's I don't I know that sounds kind of dramatic, but I actually fundamentally I believe this I believe is true that these two outlooks amongst others that we'll explore as ...