Shark Tank Shows Capitalism as a “Bootstrap Meritocracy”

(p. 24) . . . my favorite TV show is “Shark Tank.”  . . .  The premise of the tank is that small-business owners get an audience with investors — the “sharks,” a crew of millionaires and billionaires that includes Mark Cuban, Daymond John and Lori Greiner, the “queen of QVC” — in the hope of provoking a bidding war for a stake in the company. Sometimes the sharks dismiss the ideas outright, and they often do so cruelly, but in a satisfying, detailed way. You start to feel as if you could write your own business plan after watching a few episodes.

. . .

(p. 25) The show dramatizes a romantic vision of our economy, depicting it as a bootstrap meritocracy.

. . .

Part of the show’s appeal is that it’s an equal-opportunity forum — you don’t have to know a Silicon Valley V.C. or even a banker to get your audience with the sharks.

. . .

I was so politically assertive as a kid because I wanted someone to respect my opinion, to value me. I wanted to be taken seriously. I think most kids feel this way, dismissed outright for being small. In the tank, no one is dismissed — the sharks start every segment with furrowed brows, ready to take notes and hear out pitches, no matter how preposterous. They begin the process with a clean slate every time. Somewhere deep down, I want all these deals to work, I want the enthusiasm that sharks feel to be genuine and I want the contestants to walk away with business plans ready to be set into motion. Even if “Shark Tank” is propaganda — the selling and marketing of the American dream — the fantasy feels real.

For the full commentary, see:

Jaime Lowe. “Letter of Recommendation: ‘Shark Tank’.” The New York Times Magazine (Sunday, October 1, 2017 [sic]): 24-25.

(Note: ellipses added.)

(Note: the online version of the commentary has the date Sept. 28, 2017 [sic], and has the same title as the print version.)

Apple’s Bold “1984” Super Bowl Ad, Had Failed Marketing Test

(p. C4) Conceived by the Chiat/Day ad agency and directed by Ridley Scott, then fresh off making the seminal science-fiction noir “Blade Runner,” the Apple commercial “1984,” which was intended to introduce the new Macintosh computer, would become one of the most acclaimed commercials ever made. It also helped to kick off — pun partially intended — the Super Bowl tradition of the big game serving as an annual showcase for gilt-edged ads from Fortune 500 companies.

. . .

FRED GOLDBERG The original idea was actually done in 1982. We presented an ad [with] a headline, which was “Why 1984 Won’t Be Like ‘1984,’” to Steve Jobs, and he didn’t think the Apple III was worthy of that claim.

. . .

HAYDEN Steve Jobs was excited but frightened by it. Steve Wozniak offered to pay to run the commercial himself.

SCULLEY Before the commercial ran, we had to take it to the board of directors. The board sees the commercial, and then there’s just dead silence in the boardroom. They turn and look at me, and [a board member] says, “You’re not really going to run that thing, are you?”

HAYDEN As the closing credits scrolled up, the chairman, Mike Markkula, put his head in his hands and kind of folded over the conference table, and then slowly straightened up and [proposed hiring a different ad agency].

SCOTT I made it. I thought it was pretty good. But I was thinking, “Really? They’re going to run this on the Super Bowl? And we don’t know what it’s for?”

GOLDBERG I had them do a theater test. We get back the results, and it’s the worst business commercial that they’ve ever tested, in terms of persuasiveness.

SCULLEY The board said, “We don’t think you should run it. Try to sell the time.”

GOLDBERG And it was Jay Chiat who told us to drag our feet, basically, when we were told to sell off the time on the Super Bowl.

HAYDEN At long last, it came down that we would run the “1984” commercial once.

For the full story, see:

Saul Austerlitz. “The Super Bowl’s Big Ad Touchdown.” The New York Times (Saturday, February 10, 2024): C4.

(Note: ellipses, and bracketed year, added. The bracketed words in comments from Goldberg, Sculley, and Hayden were in the original.)

(Note: the online version of the story was updated Feb. 5, 2024, and has the title “40 Years Ago, This Ad Changed the Super Bowl Forever.” In the print and online versions, the names of panelists were in capitalized and bold fonts.)

Apple’s bold and famous “1984” Super Bowl ad could only be understood by those who were familiar with:

Orwell, George. Nineteen Eighty-Four. New York: The New American Library, 1961 [1st published in 1949].

“’The Bear’ Soars” With “The Chemistry of a Frantic Workplace” and the “Camaraderie” of “A Common Goal”

We are about halfway through the second season of “The Bear.” A lot of current shows are cliché-laden, woke, clones of each other. This one is not perfect (constant f-bombs are jarring), but the show is funny and intense and different. I like its sincere intensity. Carmy is intense about getting a job done well. He has flaws, as do the other characters, as do all classical heroes (see The Odyssey). But they keep trying, they keep showing up. In the end, the food matters. The sous chef comes to work for Carmy because she knows he is great at what he does, and can drive her toward greatness. When the sous chef at random times and places has an idea for a new dish, she pulls out her pad and writes notes. Deirdre McCloskey says we all should do that. Robert Loring Allen in Opening Doors says Schumpeter used to stop in the middle of a walk and jot notes before moving on–and his students would laugh at him. Let them laugh.

(p. C3) It’s jarring to watch the aggressive workaholism of “The Bear” amid the current reconsideration of work and work-life balance that’s been happening since the pandemic. Not a day passes without a new account of employees re-evaluating priorities; frustrated bosses urging staffers back to their offices; or social media phenomena like “quiet quitting” and “lazy girl jobs,” which really are rejections of wanton careerism.

. . .

At the same time, everyone’s in. No one’s “quiet quitting.” “The Bear” soars when it depicts the chemistry of a frantic workplace with camaraderie and a common goal. There is no place these characters would rather be, no people they’d rather be with. (One of the most poignant moments is when Sydney stops what she’s doing to make a harried co-worker an omelet.) They have found purpose—even Cousin Richie, who, in the season’s best episode, apprentices at a sleek Michelin three-star restaurant and discovers a talent for customer service, not to mention an upgraded taste in clothing.

“I wear suits now,” Richie says upon his return. Casual Fridays be damned!

Even a non-chef can appreciate this vibe. “The Bear” made me nostalgic for a time, before the (delightful!) arrival of family and children, when I lived alone, kept a refrigerator barren but for a jar of mustard, existed in my own self-absorbed, work-crazed head, socializing only with other self-absorbed work crazies.

For the full review, see:

Jason Gay. “What ‘The Bear’ Says About The Work-Life Revolution.” The Wall Street Journal (Saturday, July 29, 2023): C3.

(Note: ellipsis added.)

(Note: the online version of the review has the date July 28, 2023, and has the title “‘I’m a Psycho’—What ‘The Bear’ Says About the Work-Life Revolution.”)

How Does Larry David “Brilliantly” Use “Stereotype” and “Caricature” to “Mock Deadly Serious Issues” Without Getting Cancelled?

(p. 24) On “Curb,” David starred as “Larry David,” simultaneously the world’s most comfortable and uncomfortable man, registering his complaints to a cast of sounding boards: . . .

. . .

. . ., David has . . . played with material that could explode on a lesser comic. In a classic episode, Larry becomes addicted to a Palestinian chicken restaurant that raises a furor when it opens a branch next to a Jewish deli. (While the plot might seem uncomfortably prescient during the Gaza war in 2024, when it premiered in 2011 it alluded to the controversy over a planned Islamic center in Lower Manhattan that was mislabeled a “ground zero mosque.”)

Larry is unsettled, as a Jew, by the militant posters on the restaurant’s walls. He is seduced, as a mortal, by the delicious poultry and by a Palestinian woman he meets there, who turns him on with antisemitic dirty talk.

Does the episode stereotype? Does it caricature? Does it mock deadly serious issues? Yes — brilliantly. It blows straight through offense into transcendence, guided by the comic philosophy that all people are debased, fallen and governed by low passions, above all Larry David. He ends the episode in a parking lot between two furious crowds: a group of Jewish protesters, including many of his friends, and the Palestinian counterprotesters, including his girlfriend — tribe vs. tribe, socialization vs. appetite, the camera pushing in on Larry’s anxious, indecisive face.

For the full commentary, see:

James Poniewozik. “CRITIC’S NOTEBOOK; ‘Curb’ Spun Something Special Out of Nothing.” The New York Times, First Section (Sunday, February 4, 2024): 1 & 24.

(Note: ellipses added.)

(Note: the online version of the commentary has the date Jan. 20, 2024, and has the title “CRITIC’S NOTEBOOK; ‘Curb Your Enthusiasm’ Made Something Out of Nothing.” The online version says that the print edition has the title “‘Curb’ Spun Gold Out of Gripes and Grievances” but my national version of the print edition had the title “‘Curb’ Spun Something Special Out of Nothing.”)

“MSNBC’s Business Model . . . Is Flaying Trump 24 Hours a Day”

Maureen Dowd, a leading opinion columnist at The New York Times, is left-wing but sometimes refreshingly blunt, as in some of her comments from right after the Iowa Republican caucuses.

(p. 2) . . . MSNBC refused to carry Trump’s victory speech at all and CNN cut away from the 25-minute remarks after 10 minutes. Fox News, of course, played it all.

Rachel Maddow said her network’s decision was “not out of spite.” It’s not personal — it’s strictly business, as Michael Corleone said. MSNBC’s business model, after all, is flaying Trump 24 hours a day.

For the full commentary, see:

Maureen Dowd. “Can the MAGA Shrew Be Tamed?” The New York Times, SundayOpinion Section (Sunday, January 21, 2024): 2.

(Note: ellipsis added.)

(Note: the online version of the commentary has the date Jan. 20, 2024, and has the same title as the print version.)

Rob Reiner Says Today “All in the Family” Scripts “Would Get Cancelled”

(p. C4 ) Reflecting on Norman Lear’s death, Rob Reiner was understandably heartbroken on Wednesday [Dec. 6, 2023].

. . .

Reiner won two Emmy Awards for playing the liberal son-in-law, Michael, of the close-minded racist Archie Bunker on Lear’s most famous sitcom, “All in the Family,” which ran from 1971 to 1979 on CBS.

. . .

No matter the issue that “All in the Family” dealt with on any given week — and it tackled thorny topics that would be considered contentious today: abortion, racism, gun rights — that issue would became water cooler talk the next morning. “You don’t have those kinds of communal experiences where you can talk to people,” Reiner said.

“The country either sided with Archie or sided with Mike, and that made for great discussions,” he continued. Lear “definitely tapped into something that nobody had ever done before or even since.”

Lear, who was 101 years old, drew inspiration from his favorite play: George Bernard Shaw’s “Major Barbara.” If you did not know that Shaw was a liberal, Reiner said, “you’d go to the play and you’d come away with the equal pro-war/antiwar — you’d come away with equal arguments on both sides, and it was made to spawn discussion.” And that’s what Lear wanted to do. “So he presented both sides. Archie had his side. And the character I played had my side, and we went at each other,” Reiner added.

That approach would likely never gain ground today, Reiner said. “He put a racist out there and the way racists really talk. And now, if you said things like that, you would get canceled.”

Lear would stir the pot. “He would ask us to look into ourselves and what did we think, what were our feelings about this. And we poured it into the show. So it made the show better. And he did that with everything he did. Fearless.”

For the full story, see:

Maya Salam. “Rob Reiner Recalls a Man Who Loved America.” The New York Times (Saturday, December 9, 2023): C4.

(Note: ellipses, and bracketed date, added.)

(Note: the online version of the story has the date Dec. 6, 2023, and has the title “Rob Reiner Remembers Norman Lear: We’ve Lost ‘a Real Champion of America’.”)

Four Entities Succeeded in Sending a Capsule to Orbit and Returning It to Earth: “the United States, Russia, China and Elon Musk”

(p. A14) “In the history of space flight,” Scott Pelley intones in a “60 Minutes” segment, “only four entities have launched a space capsule into orbit and successfully brought it back to the Earth—the United States, Russia, China and Elon Musk.”

For the full film review, see:

Joe Morgenstern. “‘Return to Space’: A Double Booster.” The Wall Street Journal (Friday, April 8, 2022): A14.

(Note: the online version of the film review was updated April 7, 2022, and has the title “FILM REVIEW; ‘Return to Space’ Review: A Double Booster.”)

Milton Friedman Made the Case for Freedom to 15 Million Viewers

New York Times reviewer Szalai says that watching Milton Friedman’s “Free to Choose” documentary today is a surreal experience. To the contrary, I say that watching Milton Friedman’s documentary today is an exhilarating experience and watching the the evening news today is a surreal experience. (As a graduate student at the University of Chicago, I was in the audience for a couple of the episodes of Milton Friedman’s “Free to Choose” documentary.)

(p. C1) The documentary series “Free to Choose,” which aired on public television in 1980 and was hosted by the libertarian economist Milton Friedman, makes for surreal watching nowadays. Even if Ronald Reagan would go on to win the presidential election later that year, it was still a time when capitalism’s most enthusiastic supporters evidently felt the need to win the public over to a vision of free markets and minimal government.  . . .

They had an enormous audience: The 15 million viewers who watched the first episode saw an avuncular Friedman (diminutive and smiling), leaning casually against a chair in a Chinatown sweatshop (noisy and crowded), surrounded by women pushing fabric through clattering sewing machines. “They are like my mother,” Friedman said, gesturing at the Asian women in the room. She had worked in a factory too, after immigrating as a 14-year-old from Austria-Hungary in the late 19th century. Friedman explained that these low-wage garment workers weren’t being exploited; they were gaining a foothold in the American land of plenty. The camera then cut to a tray of juicy steaks.

For the full review, see:

Jennifer Szalai. “Sounding an Alarm Over America’s Values.” The New York Times (Saturday, February 18, 2023): C1 & C4.

(Note: ellipsis added.)

(Note: the online version of the review was updated Feb. 17, 2023, and has the title “Is the Marriage Between Democracy and Capitalism on the Rocks?”)

The book based on Milton Friedman’s documentary is:

Friedman, Milton, and Rose D. Friedman. Free to Choose: A Personal Statement. New York: Harcourt Brace Jovanovich, Inc., 1980.

Okinawans Think Ikigai (a Reason for Living) Is Important for Long Life

(p. A11) Ask most people if they want to live to be 100 and the response is likely to be “Sure!” followed by “Wait a sec . . .” Questions suddenly abound: Am I going to be healthy? Am I going to be lonely? Will I be financially stable? Will I have outlived everyone I knew and loved? What author-researcher Dan Buettner set out to demonstrate in “Live to 100: Secrets of the Blue Zones” is that the solutions to those concerns are also the keys to longevity itself.

. . .

What is clear early on is that what Mr. Buettner “discovers” during his visits to Sardinia; Singapore; Okinawa, Japan; Ikaria, Greece; and even Loma Linda, Calif., is largely what we would expect: that much of what helps people live longer isn’t necessarily the purple Japanese sweet potatoes, or going to church every day, or having the limited stress load of a Greek shepherd. It is an Okinawan diet rich in nutrients and fiber, the walking uphill to the Sardinian church, and the community to which one belongs in Loma Linda when one is, for instance, a Seventh Day Adventist who plays pickleball.

. . .

There are many correlating clues to a longer life across the locations in “Live to 100.” Okinawans emphasize the importance of having an ikigai, or reason for living; in Costa Rica the same thing is called one’s plan de vida.

For the full television review, see:

John Anderson. “Netflix’s Lessons in Longevity.” The Wall Street Journal (Wednesday, Aug. 30, 2023): A11.

(Note: ellipses added.)

(Note: the online version of the television review has the date August 29, 2023, and has the title “‘Live to 100: Secrets of the Blue Zones’ Review: Lessons in Longevity.” In the original the word ikigai and the phrase plan de vida are in italics.)

Buettner’s latest book on blue zones is:

Buettner, Dan. The Blue Zones Secrets for Living Longer: Lessons from the Healthiest Places on Earth. Washington, D.C.: National Geographic, 2023.

“The 1619 Project” Shows How Government Policies “Discriminated Against African-Americans”

(p. A15) Hulu’s series “The 1619 Project” blames economic inequality between blacks and whites on “racial capitalism.” But almost every example presented is the result of government policies that, in purpose or effect, discriminated against African-Americans. “The 1619 Project” makes an unintentional case for capitalism.

The series gives many examples of government interventions that undercut free markets and property rights. Eminent domain, racial red lining of mortgages, and government support and enforcement of union monopolies figure prominently.

The final episode opens by telling how the federal government forcibly evicted black residents of Harris Neck, Ga., during World War II to build a military base. The Army gave residents three weeks to relocate before the bulldozers moved in, paying below-market rates through eminent domain. After the war, the government refused to let the former residents return. Violation of property rights is the opposite of capitalism.

For the full commentary, see:

David R. Henderson and Phillip W. Magness. “‘The 1619 Project’ Vindicates Capitalism.” The Wall Street Journal (Tuesday, Feb. 21, 2023): A15.

(Note: the online version of the commentary has the date February 20, 2023, and has the title “‘The 1619 Project’ on Hulu Vindicates Capitalism.”)

The commentary quoted above is related to Magness’s book:

Magness, Phillip W. The 1619 Project: A Critique. Great Barrington, Massachusetts: American Institute for Economic Research, 2020.