The Walt Right
Walt Right Perspectives
The Absurdities of Late Capitalism
0:00
Current time: 0:00 / Total time: -1:06:58
-1:06:58

The Absurdities of Late Capitalism

with Bingo Bobbins

On today’s episode of Radio Tortuga I speak with

, 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.


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

  • ‘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

Discussion about this podcast