#typing this gave me flashbacks to when i did freelance transcription and i used to do this guy's podcast on angel investing

[transmutationisms]

…so can you expand on the psychological ramifications of stewy being in private equity? that has definitely been lost on me given that i barely understand what private equity is

ok this is an underrated funny aspect of the show imo, and also good insight into stewy and kendall. i'm trying to spare you a bunch of stupid business jargon but basically, maesbury capital (which stewy represents but sandy/sandi ultimately own) is a private equity fund, meaning it's a big pile of a bunch of rich people's money, and stewy's job is to take that money and invest in private companies. a PE fund can invest at a few different points: at the very beginning of a startup's life (venture or angel investing), at a point where the company is trying to grow or restructure (growth investing), or when a company is struggling financially, in which case the fund is usually planning to either dismantle it and sell it for scrap, restructure and go public, or sell it for cash to another company. PE firms like to present themselves as doing a lot of growth or venture investing, but in truth many/most are primarily engaging in this third category of investment strategies, because they're lucrative (and because many startups are stupid, and only good for generating investor payouts).

so, when kendall went and dismantled vaulter in season 2 because logan decided that selling most of it for scrap would be more profitable? that's basically a dramatisation of what stewy does routinely, except of course the exact financial instruments and strategies will differ because stewy represents a PE firm. like, if kendall's venture capitalist schemes tell us about his delusions of creating cool new products and services, stewy is sort of the opposite because his structural goal is usually to dismantle companies and liquidate them however is best for maesbury's backers. it's a total destruction of all use-value and a conversion of it into pure exchange-value in the form of capital (which goes into his pockets and maesbury's). stewy generates money by destroying utility, which is perverse if you think capitalism is supposed to create and sustain human life, but actually completely comprehensible if you understand that capitalism is an insatiable growth machine with inherently contradictory internal tendencies and no raison d'être beyond the endless accumulation of pure capital itself.

many viewers think stewy is insane because he is friends with kendall roy. this is true, but on a deeper level stewy is insane because his job is to participate in the inexorable tendency to more and more abstraction in the capitalist mode of production. it literally does not matter at all to someone like stewy whether people are fed or clothed or happy, or have any of their needs met. the point is solely to create money, to turn all social forms and values into numbers on a balance sheet. this is why, when kendall tries to threaten him on axos at the end of season 2, stewy is able to casually tell him that "it doesn't matter; it doesn't mean anything." he and sandy are convincing shareholders that their offer will be able to make them more money, "and that's all that this is." stewy speaks the language of business differently than logan, because stewy doesn't care about dick-swinging competitions or demonstrating dominance in logan's cringey old catholic military way. which makes stewy more rational in certain ways, but also more insane, in that he operates in a way totally detached from this type of social value system and solely motivated by cold hard numbers.

the irony is that, whilst being detached and disembodied in his business practices, stewy is also better than the roys at appreciating the material fruits of wealth. he eats; he dresses well; he enjoys the "several houses" he owns. kendall is always trying to come up with some grand moral bullshit masculinity reason that what he's doing is noble or whatever, and he's alienated from his body and afflicted with severe catholic martyr disease. stewy just bypasses all that shit, measures his success by his payouts, and enjoys wealth because he sees it as an end in itself and not a means to logan roy's respect.

this is also why kendall's line in 'living+' about "it's enough to make you lose your faith in capitalism" is so funny. kendall can't just accept that business is a bunch of meaningless bullshit confidence games played by coked-up assholes who like to win; he always has to try to convince himself he's making cool new tech shit, or saving the world from the spectre of death itself or some shit. it's like, insane that he made it to literally 40 years old, growing up in a media conglomerate of all things, and still thinks that what he's doing requires actual skill or creates actual social value—but of course, part of the reason he still thinks this is because he deified logan and was therefore incapable of ever seeing logan or waystar for what they really were. stewy would never say that line because he can't be disillusioned this way on account of he already knows the whole thing is bullshit. it's just that to him it doesn't matter, because being bullshit does not preclude it from paying well.

#some1 also asked about that kendall line and it seemed like it wanted to be bundled into this post lol i hope that answers yr q #blood sacrifice #typing this gave me flashbacks to when i did freelance transcription and i used to do this guy's podcast on angel investing #literal nightmare fodder. the hours-long homophobic baptist sermons were better