In the early 1990s, I was an undergraduate student in La Trobe University’s cinema studies program. The Cold War had just ended and Australia faced “the recession we had to have” (then-Treasurer Hon. Paul Keating). I was introduced to Marxist thinkers such as Louis Althusser and Antonio Gramsci, and to critical feminist theory. Having grown up in rural Bendigo, I didn’t know my base from my superstructure. It was all way over my head.
Ironically, I was actually exploring Gramscian influences via Consolidated’s Nettwerk-released albums such as Play More Music. I read Noam Chomsky and long-form journalism in The Atlantic Monthly, The New Republic, and The Nation. I saw the Mark Achbar and Peter Wintonick documentary Manufacturing Consent: Noam Chomsky and the Media in RMIT University’s video library. I briefly became involved in animal rights activism. I discovered that I really liked to write.
In October 1994 I ran for Rabelais student newspaper editor on a broad ticket. The on-campus progressives felt this was a betrayal, and ran a scare campaign (the successful ticket’s editors became notorious a year later). This experience chastened me: when I covered Chomsky’s 1995 lecture tour for Australia’s REVelation Magazine, I was critical of the activists that followed him.
Over the next decade I encountered various people and social movements with activist, utopian potential. I explored the Robert Anton Wilson, the Gurdjieff Work, and the Temple of Set. I wrote for and edited the Disinformation website, linking to sites like CounterPunch, Mother Jones, and Z Magazine. I spoke at and arranged panels for This Is Not Art: the youth arts festival held in Newcastle, Australia. I was part of the second student cohort in Swinburne University’s Strategic Foresight program which used critical education pedagogy.
However, many of the people involved in these activities did not enjoy a Gramscian ‘march through the institutions’. The dotcom collapse of 2000, the global financial crisis of 2008-09, and the Eurozone crisis of 2011 were turning points that led to the widespread adoption of neoliberal austerity policies. In 2008, I left Disinformation and retreated to a decade of academic publishing, research management work, on-going PhD research, and explored hedge funds and investment management.
This week I’ve been reflecting on how to reconcile critical, left-wing politics and wealth management. Some possible models:
The activist or philanthropic hedge fund manager: George Soros or the more conservative Bill Ackman’s Herbalife ‘short’ and his interaction with social justice movements (see the Netflix documentary Betting On Zero).
Continue to read the critical theory work of people like David Harvey, David Graeber, the late Mark Fisher, McKenzie Wark, Nick Srnicek, Alex Williams, Richard Seymour, and Charles Stross.
Take Noam Chomsky and Edward S. Herman’s influential work and update it for an era of addictive social media platforms, agitprop memes, and information warfare doctrines.
We’ll see what personal synthesis continues to develop.
We had broken up for about a year when I saw Nicholas Ray’s In A Lonely Place (1950). I had restarted a ‘lapsed’ undergraduate degree at La Trobe University, majoring in cinema studies and politics. I thought of you during Dr. Geoff Mayer’s class on Pre-Code cinema when he examined the origins of Hollywood’s ‘fallen angel’ image, and its influence on contemporary femme fatales. It was in Mayer’s film noir class that I saw In A Lonely Place. Afterwards, I saw our relationship in a new light.
In A Lonely Place explores the rise-and-fall arc of a brief, romantic relationship between screenwriter Dixon “Dix” Steele (Humphrey Bogart) and neighbour Laurel Gray (Gloria Grahame). Steele is suspected of murdering nightclub girl Mildred Atkinson (Martha Stewart) and his relationship with Gray unravels. Ray deals with popular themes in film noir: early Cold War paranoia; Hollywood cynicism; the dark heart of some personal relationships; and the suspicion of major characters as unreliable narrators. Today, In A Lonely Place is regarded as a film noir classic.
Ray’s film evokes a larger truth about the Romantic ideal of living with a writer versus its day-to-day realities. Significant others might initially approach this as the opportunity to live with a cultural creative or to be their muse. Gray and Steele’s initial whirlwind courtship reinvigorates their creative work and they become a dyadic couple. But the Atkinson murder investigation makes Gray suspicious about Steele. Writer’s block also shatters their domestic harmony: both Gray and Steele suffer from decision regret. Steele never develops a habitual routine to write. A writer stuck in their material can become irritable, moody, and withdrawn to live with: absent. D.T. Max’s recent biography Every Love Story Is A Ghost Story (New York: Viking, 2012) evokes these feelings about the late author and critic David Foster Wallace, who struggled with depression, and self-loathing about his giftedness and family.
All writers can suffer from the cognitive bias known as ‘positive illusions’. It’s us versus our emotions, thoughts, and a blank page: being in a (potentially) lonely place. As Gray discovered about Steele, we can carry our in-progress writing around as a projective identification onto others. We enter a liminal, subjective state that can be superimposed on others and the objective world. If not inspirational muses then we may look for initiatory allies and significant others to share in the unfolding creative process, to read our work, and to keep us tethered to the everyday world. At its extremes, a writer can venture deep into their material and may not come out of it. David Foster Wallace spent a decade writing drafts and redrafts of his novel The Pale King before he committed suicide in 2008.
You were disinterested to read what I wrote. Fine, I thought, you don’t know or care who guerrilla ontologist Robert Anton Wilson was, when I interviewed him for REVelation. You were not going to read or do the exercises in Prometheus Rising. But we had common, shared experiences and polarities. At that period of my life, I wanted to share the exploratory promise of self-change with you and others. When the self-change occurred it wasn’t what I wanted or had hoped for: I learned that you can help to create the conditions for change but that personal growth is different for each individual. Eventually, you found a new fiancé: an ‘indie’ musician who was more emotionally direct and expressive with you than my writing was.
In A Lonely Place taught me that creative work and its choices will usually have personal costs. Gray and Steele’s relationship did not survive the rumours and suspicions about Atkinson’s murder. Director Nicholas Ray and actress Gloria Grahame’s marriage fell apart during filming. I have mixed feelings about the creative work from this period: you felt I became absent and did not pay you enough attention. 21C’s print edition had cultural cachet: to be published in my early twenties alongside cultural critics like Greil Marcus and Mark Dery was an honour. It’s one reason why Richard Metzger (now running the popular blog Dangerous Minds) asked me to write for the alternative news site Disinformation in 1998 and how I became its site editor in November 1999 (1998-2003 site archive). But you didn’t stay for this journey. You decided beforehand that pursuing these dreams was not feasible when the publisher cheque never comes, your credit card defaults, the telemarketing stop-gap job becomes too unstable, and the realtor sells out your rental house from underneath you. After some difficult experiences I agreed with Richard Metzger to “Find the Others” (quoting Timothy Leary) in new, emerging internet subcultures.
REVelation, 21C, and Disinformation gave me the opportunity to do deep background research on the countercultural topics of interest in my early-to-mid twenties. I got to work with leading writers, editors, designers, marketers, and publishers. Disinformation made me part of the dotcom era’s internet history and I had to create a public persona to deal with fans’ expectations. The reality was that I sat in rooms for eight years with computers as the site changed and the company evolved. I made new friends and gave lectures at This Is Not Art (TINA) between 1999 and 2004: the youth arts festival we had heard about one afternoon on Triple J radio (as TINA’s precursor, the LOUD Festival). I took our break-up and turned it into my first peer reviewed academic article on the Nine Inch Nails album The Fragile (1999).
Most importantly, I served an ‘apprenticeship’ period — 10,000 hours of deep/deliberate play/practice — to develop expertise. Florida State University psychologist K. Anders Ericsson articulated this approach to talent development whilst Malcolm Gladwell’s Outliers, Geoff Colvin‘s Talent Is Overrated, and Daniel Coyle’s The Talent Code popularised it. REVelation, 21C and Disinformation gave me the opportunity to discover who I was as an emerging writer. TINA enabled me to share these insights with others. I learned about meso-cosmoi; how cultural transmission works; the creative synergies of high performance teams; and the significance that writing can have on your audience. I helped attract an audience for Disinformation’s other book and DVD projects, and promoted the Disinfo.Con 2000 ‘happening’.
Recently, I calculated the content and value I created during this ‘apprenticeship’ period versus the actual income earned. It was a sobering valuation exercise. (Read Valuation, Sources of Value, or Value Maps for more details.) My freelance journalism period occurred mainly from late 1994 to early 1998: 1500 hours on magazine articles ($A750 to $A1750 per article), interviews, and two book proposals. I did two editorial stints for Disinformation (November 1999-August 2002 and April 2003-February 2008) at $US100 per week salary, or $US42,000 in total. Over 8 years, I spent between 6,000 and 8,000 hours on editing the site; writing articles, news items, and a daily newsletter; responding to emails; handling site redesigns; representing the company in interviews; and from 2005, participating in weekly teleconferences. Add several thousand hours for two Masters degrees, and you get Ericcson, Gladwell, and Coyle’s 10,000 hour target to develop expertise. The per-hour salary of $A6.67 for freelance journalism or $US5.25-$US7 for Disinformation was on par with an entry-level administrative or sales job. However, the body of work produced continues to be of interest and value to others.
The downside was a lesson in offshore economics and cost reduction strategies that many white collar jobs will face in the hyper-competitive future. I left money on the table: I could have negotiated better deals; not signed away rights and potential royalty streams; used process redesign to manage time and task; and not have overestimated the length of my publishing career. Some other mistakes: The ‘standard’ magazine contracts controlled reprints, ancillary markets, and new technologies. For Disinformation, my editorial salary was fixed no matter how much content I produced whereas freelance contributors received $US50 per article or dossier. The salary also remained constant over 8 years. As an offshore contractor, I lost money on currency exchange rate fluctuations and inflation; and did not get end-of-year bonuses, salary benefits or superannuation. Disinformation’s successful expansion into book publishing and DVD distribution meant I had a continued salary but I never had an equity share in the company (so I didn’t share in its growth). I failed to translate my internet work into regular contributions to book anthologies, successful book proposals or projects with other publishers. When I became a university researcher on internet futures my bosses became anxious about Disinformation instead of leveraging this relevant industry experience.
For some of Disinformation’s core audience there was always a tension between its countercultural ideals, its marketing image, and its existence as a profit-oriented entertainment company. I got and responded to email flak about this. Today, I have taken the lessons from this period into providing research management advice; a PhD project (2011 proposal); and using event arbitrage, behavioural finance and market microstructure analysis to trade a small Australian equities portfolio. Some disgruntled Disinfonauts view this as a sell-out but it’s more an evolution from this earlier period. I changed who I collaborated with; I set writing limits; I found exemplars in academia (Alastair Iain Johnston, Jack Snyder, Marc Trachtenberg, and Robert Jervis); and investigative journalism (William D. Cohan, Steve Coll, and Lawrence Wright) to carefully study and model. You might have seen the baseball film Moneyball which is really about competitive advantage, negotiation, and valuation. Oakland A’s coach Billy Beane (Brad Pitt) turned a career arc from being a hopeful ‘star’ and then a ‘failed’ baseball player into a second act: mistakes became an invaluable learning resource.