Talk about missing the point #richguysatburningman

Talk about missing the point

by digby

I have never been to Burning Man and I'm sure I'll never go.  I'm not a fan of big crowds or desert heat. But I can certainly appreciate the spirit of it.  Unfortunately, money (as usual) seems to have corrupted the thing as it always does:
For his 50th birthday, Jim Tananbaum, chief executive officer of Foresite Capital, threw himself an extravagant party at Burning Man, the annual sybaritic arts festival and all-hours rave that attracts 60,000-plus to the Black Rock Desert in Nevada over the week before Labor Day. Tananbaum’s bash went so well, he decided to host an even more elaborate one the following year. In 2014 he’d invite up to 120 people to join him at a camp that would make the Burning Man experience feel something like staying at a pop-up W Hotel. To fund his grand venture, he’d charge $16,500 per head.

Tananbaum, a contemporary art collector who resembles the actor Bob Saget, grew up on Manhattan’s Upper East Side and graduated from Yale and Harvard, where he earned both an M.D. and an MBA. After years of starting, selling, and investing in health-care companies, he founded Foresite in 2011. A private venture capital firm with $650 million under management, San Francisco-based Foresite specializes in the health-care and pharmaceutical industries.

Busy building his portfolios, Tananbaum only made it to Burning Man in 2009, the festival’s 24th year, but instantly fell under its spell. While his peers in San Francisco’s high finance circles took up kitesurfing or winemaking, he devoted his spare time to preparations for the next burn. “Jim put a tremendous effort into trying to create something very special for the Burning Man community,” says his friend Matt Nordgren, a former quarterback at the University of Texas, who went on to star in the Bravo reality show Most Eligible Dallas.

For 2014, Tananbaum wanted a camp that was aesthetically novel, ecologically conscious, and exceedingly comfortable. In the spring he and his team sent out a detailed invitation, enticing potential guests with an early vision of the camp, named Caravancicle. Anyone concerned about living in a hot, unforgiving wilderness could rest assured. There would be no roughing it at Caravancicle. Accommodations would consist of a series of cubical tents with carbon fiber skeletons. Each cube would have 9-foot ceilings, comfortable bedding, and air conditioning. The surrounding camp, enclosed by high walls, would be safe and private. Amenities would include a central lounge housed in a geodesic dome, private showers and toilets, solar panels, wireless Internet, and a 24-hour bar. Guests could count on a “full-service” staff, who would among other things help create “handcrafted, artisanal popsicles” to offer passers-by. To help blend in with the Burning Man regulars, who tend to parade around the commons in wild, racy outfits (if anything at all), the camp would include an entire shipping container full of costumes.

You have to read the whole article to appreciate just how fully they screwed it up. And it wasn't just them, it was the board of Burning Man too which went out to find rich patrons and you know what happened next. This is the world in which we now live: everything is a toy for rich people and the rest of us are just supporting players, servants and slaves to their needs and wants. If you're lucky they'll trickle enough down on your head so that you can carve out a fairly decent life.  But there are no guarantees. Don't ever forget, it's all about them.

And as this article shows, these rich guys aren't good at everything. In fact, they might not really be good at anything. But, like the aristocrats of yore they believe they were ordained by God (in their case Mammon, the God of Markets and Meritocracy) and they are, therefore, infallible.


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