Absurdities of Late Capitalism

On today’s episode of Radio Tortuga I speak with

Bingo Bobbins

, a veteran job stacker and senior member of The Tortuga Society.

Last week Bingo attracted significant attention here on Substack with his debut essay The Post-Capitalist Economy, even earning himself a spot in the New Right Post.

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Topics include:

• How Bingo started job stacking in 2021 after HR demanded that he get vaccinated before coming back into the office

• What it’s like to work three software engineering jobs

• Bingo’s efforts to upscale his S corp into an above-board consultancy

• The obstacles facing ambitious young men looking to form their own consultancies and compete with the likes of McKinsey and Deloitte

• The corrupt and parasitic nature of the consulting industry

• Tech guys used to a brisk pace of work can easily handle multiple insurance jobs

• The unique tax challenges of job stacking

• The ankle-biting culture of mainstream overemployed communities

• Corporate America’s impotent attempts to curb job stacking with RTO

• How Bingo deals with overlapping meetings

• Time Zone Arbitrage

• Lying to your boss

• How Bingo invests his piratical spoils

• Bingo’s article The Post-Capitalist Economy and his definition of corporatism

• Does Bingo consider the EIC and VOC corporatism or capitalism?

• Cultural differences between the upper class and upper middle class

• Women were the original illegal immigrants

• David Graeber’s Bullshit Jobs and the Principal-Agent Problem

• Corporate middle managers are more pleasant bosses than entrepreneurs

• Jeff Giesea
  ‘s article on job stacking and Reid Hoffman’s predictions about the future of the white collar labor market

• Executives derive psychological value from ordering around their peons in person

• Low agency normies will cling to stable W2 work

• The potential of AI to deepen asymmetries in the labor market

• Incongruity between normally distributed salaries vs. pareto distributed talent

• Job stacking involves arbitraging lower effort demanded by IC vs. management

• Middle managers get shit from both directions

• The tenability of subcontracting as a job stacker

• Staffing / recruitment is where the real money is

• Legal and tax benefits of an S corp vs. an LLC

• Husband-Wife job stacking teams

• The ubiquitous culture of deception in Corporate America

• The recent explosion of fake offshore candidates

• Is AI going to destroy entry level jobs in tech and data analytics?

• AI has solved lots of simple programming languages like SQL / VBA / R

• Competition among the Mass Affluent has massively raised the threshold for being Upper Middle Class

• Walt’s hatred for onerous credentialing schemes

• The racket of AWS certs etc.

• Do managers actually value profitability vs. raw power or the ability to be lazy?

• Young guys right out of college should live it up rather than saving all their money