Age of Vertigo: Why Nostalgia Fails, Authenticity Wins, and Markets Grow Delirious
From the Open Access Blog.
The Vertigo of the Present: A Commentary on a World in Flux
The collection of snippets from Monocle, Bloomberg, Semafor, ArtNews, the Economist and Neue Zürcher Zeitung Geopolitics newsletters from June 26-30, 2025, reads less like a summary of current events and more like a fever chart of a world grappling with a profound sense of disorientation.
Across the domains of culture, politics, and economics, one witnesses a series of paradoxes: revivals that fail to revive, communication that thrives on incoherence, markets that soar amidst anxiety, and technologies that promise utopia while threatening obsolescence. These fragments, when read together, paint a portrait of a global order struggling to reconcile its past with a volatile and uncertain present, a condition akin to the "pale...vertigo" ascribed to the salad at Berlin's revived Fernsehturm restaurant.
The newsletters, thus, offer a kaleidoscope of vignettes—spanning Berlin’s culinary disappointments, Trump’s political theater, Mamdani’s populist triumph, and the shifting sands of global fashion, geopolitics, and technology. These snippets are not mere headlines; they are threads in a broader tapestry, revealing a world grappling with nostalgia, power, identity, and adaptation. Below, I explore their cultural, economic, policy, and social dimensions, drawing on resonant ideas from philosophy, literature, and academia.
The Unbearable Weight of Nostalgia
The failed resuscitation of the Fernsehturm restaurant is a potent allegory for our fraught relationship with the past. The project's ambition—to blend East German futurism with contemporary cool—collapses into a "tepid conference luncheon," a victim of what the theorist Svetlana Boym (2001) would call "restorative nostalgia." This is a nostalgia that attempts an absolute reconstruction of a lost home, but in its failure to acknowledge the impossibility of this return, it produces only kitsch. The restaurant, like so many cultural reboots, becomes a "cautionary tale" because it treats nostalgia as a "blunt design tool," ignoring the irony and distance that Boym argues are essential for a "reflective nostalgia" that can productively engage with the past. The critique that the new interior is "too dated to be authentic" captures the essence of this failure. It is a space out of time, unable to meaningfully inhabit either its historical identity or its present-day context. As Andreas Huyssen (2003) has argued, cities like Berlin are palimpsests, and the clumsy revival of the Fernsehturm is a failure to artfully read and reinscribe its complex historical layers.
This tension between the weight of history and the pull of the new is echoed in the Paris Fashion Week report, a "tale of two cities" where "storied brands" stage massive spectacles while a "new generation of specialists" quietly gains ground. The use of the Centre Pompidou by Louis Vuitton is particularly telling. A building once a symbol of architectural rebellion, designed to expose the inner workings of the institution, now serves as a backdrop for a luxury brand. This is a classic example of what Theodor Adorno and Max Horkheimer (1997) termed the "Culture Industry," where even symbols of dissent are absorbed and commodified. The true creative energy, the snippet suggests, lies with the smaller, independent designers, those not yet fully integrated into this spectacular system.
Cultural Nostalgia and the Elusive Aura: Berlin’s Fernsehturm
Florian Siebeck’s critique of Tim Raue’s revival of the Fernsehturm restaurant in Berlin strikes a melancholic chord. Once a socialist emblem of futurism, the revolving dining room promised a return to its former glory with dishes like Königsberger Klopse. Yet, the reality—a “tepid conference luncheon”—underscores a cultural tension: the difficulty of recapturing a lost past. Walter Benjamin’s The Work of Art in the Age of Mechanical Reproduction offers a poignant lens here. Benjamin (1936/1968) argued that the “aura” of an original—its unique presence in time and space—fades in reproduction or revival. The Fernsehturm’s muted interiors and “cafeteria clunk” tableware fail to evoke the “space-age optimism” of 1969, suggesting that nostalgia, as Siebeck notes, is a “blunt design tool” (p. 1). This mirrors a broader cultural challenge: how do societies modernize icons without erasing their essence? Berlin, a city adept at transforming power stations into nightclubs, stumbles here, reflecting a deeper anxiety about identity in a post-reunification era.
In literature, this resonates with Marcel Proust’s In Search of Lost Time, where the taste of a madeleine evokes a flood of memory, yet the past remains tantalizingly out of reach (Proust, 1913/2003). The Fernsehturm’s revival, like Proust’s fleeting recollection, promises connection but delivers only a shadow—an apt metaphor for a culture wrestling with its history.
Nostalgia, Authenticity, and the Perils of Revival
Florian Siebeck’s critique of Tim Raue’s relaunch of Berlin’s revolving Fernsehturm restaurant highlights the pitfalls of “retroactive” nostalgia, where design and culinary “homage” lapse into mere pastiche. Nostalgia, as Svetlana Boym (2001) argues, can be “reflective”—a dialogic engagement with the past—or “restorative,” a blunt attempt to rebuild an idealized golden age. Siebeck laments that Raue’s “warm tones, iconic lines, a touch of Pan Am” yield a “muted” and “dated” atmosphere rather than a reinvigorated futurism . This underscores how cultural capital and collective memory shape—and sometimes shackle—urban identity. Jane Jacobs (1961) similarly warned that urban revivals must be grounded in the lived experiences of citizens, not a curator’s dream of a bygone era. When spaces with “symbolic heft” fail to resonate with contemporary publics, it reveals tensions between authenticity and commodification in global cities (Zukin, 2010).
The Politics of Authenticity and Anarchy
The political sphere is dominated by a similar dynamic of disruption and disorientation. The analysis of Donald Trump's use of profanity highlights a seismic shift in political communication. His immunity to "hot mic" scandals is attributed to his "inherent authenticity," a perception that "what you see (and hear) is what you get." This phenomenon can be understood through the lens of Pierre Bourdieu's (1991) work on political language. Bourdieu argues that the authority of political speech comes from its adherence to the authorized, legitimate language of the establishment. Trump's power, conversely, derives from his spectacular rejection of this language. His idiolect becomes a new form of legitimacy for a constituency that feels alienated by the polished discourse of traditional statecraft. The snippet rightly notes the danger this poses: "If every world leader said in public what they really thought...international relations would be pure chaos."
On the other end of the political spectrum, Zohran Mamdani's mayoral primary victory in New York exemplifies a different, yet related, form of populist disruption. Mamdani, like Trump, successfully constructs what the political theorist Ernesto Laclau (2005) would call a "populist reason," creating an "us" (the working class) against a "them" (the establishment embodied by Andrew Cuomo and his billionaire backers). Mamdani’s victory, fueled by a "charming social-media campaign" and a focus on "pocketbook issues," demonstrates the power of personality and new media to outmaneuver traditional political machinery. The question of whether his success is replicable speaks to the fragmented, almost atomized, nature of contemporary politics, where charisma and digital fluency can, in certain contexts, outweigh decades of experience. The observation that "a winning personality goes a long way" is both a truism and, in this context, a profound commentary on the deinstitutionalization of political power.
This sense of a precarious global order is reinforced by the litany of geopolitical flashpoints: a fragile Israel-Iran ceasefire brokered by a transactional America, a NATO scrambling to appease Trump, a China strategically maneuvering in the resulting vacuum, and a fragile peace deal in the Democratic Republic of Congo dependent on the whims of great powers. The world depicted is one that reflects the core tenets of political realism, a system of states navigating an anarchic environment where alliances are fluid and national interest is paramount (Mearsheimer, 2001).
Populism and the Urban Commons: Mamdani’s Victory
Zohran Mamdani’s upset win in New York’s Democratic mayoral primary, detailed by Sasha Issenberg, embodies a populist resurgence. His platform—free buses, rent freezes, city-run supermarkets—targets affordability, resonating with Jane Jacobs’ vision of community-driven urbanism in The Death and Life of Great American Cities. Jacobs (1961/1992) argued that cities thrive when shaped by their inhabitants, not top-down elites (p. 50). Mamdani’s use of podcasts and viral videos like “halalflation” reflects this ethos, leveraging modern media to amplify grassroots voices. Socially, his victory as a Muslim immigrant challenges nativist currents, while economically, it signals a rejection of neoliberal complacency epitomized by Cuomo’s establishment ties.
This mirrors the revolutionary spirit of Victor Hugo’s Les Misérables, where the downtrodden rise against entrenched power: “The people, ignored, are awakening” (Hugo, 1862/1987, p. 1023). Mamdani’s win suggests a similar awakening, though its policy viability—amid billionaire backlash—remains uncertain, posing questions for Democrats navigating a post-Biden landscape.
Personality, Populism, and the Reimagining of Politics
Zohran Mamdani’s upset victory over Andrew Cuomo in the New York mayoral primary offers a case study in personality-led, issue-driven politics . Born in Uganda to academic parents, Mamdani leveraged a “globalise the intifada” slogan and cost-of-living platform—free buses, rent freezes, city-run supermarkets—that spoke to working‑class precarity (Issenberg, 2025). His win illustrates Ernesto Laclau’s (2005) theory of populism as the construction of a “people” against an “other,” here represented by affluent incumbents. In an era of “halalflation” viral videos, political efficacy increasingly hinges on digital fluency and personal storytelling (Howard & Parks, 2012). Mamdani’s triumph suggests that outsiders with narrative authenticity may eclipse establishment pedigrees in both American and global contexts.
Political Theater and Hyperreality: Trump’s Profanity
Donald Trump’s casual profanity about foreign governments, as Alexis Self observes, no longer shocks—a shift from the days when Gordon Brown’s “bigoted woman” remark was a scandal. This normalization signals a cultural erosion of boundaries between public and private spheres, a phenomenon Jean Baudrillard dissects in Simulacra and Simulation. Baudrillard (1981/1994) posits that in a hyperreal world, representations supplant reality, rendering authenticity a performance. Trump’s language, embraced by supporters as “what you see is what you get,” becomes a simulacrum—divorced from diplomatic norms yet potent in its theatricality (p. 2). Socially, this risks destabilizing international relations, as Self warns of “pure chaos” if leaders abandon restraint.
Philosophically, this echoes Nietzsche’s critique of truth in Thus Spoke Zarathustra: “What does it matter if it is true, as long as it works?” (Nietzsche, 1883/2006, p. 45). Trump’s rhetoric “works” for his base, but its policy implications—evident in NATO’s defense spending hikes and Iran strike debates—reveal a volatile interplay of power and perception.
Authenticity and Authority in Political Discourse
Alexis Self’s observation that Donald Trump has rendered presidential profanity “unshockable” underscores a broader crisis of authenticity and decorum in public life . Jürgen Habermas (1989) described the public sphere as governed by norms of rational-critical debate; the erosion of those norms threatens democratic deliberation. Trump’s “what you see is what you get” idiolect blurs the line between private belief and diplomatic rhetoric, challenging the Weberian separation of the politician’s public and private personas (Weber, 1919/1946). The normalization of coarse language in statecraft may reflect, as Bourdieu (1991) posits, the displacement of symbolic authority: when institutional respect evaporates, charisma and shock value fill the void.
Geopolitics and Realism: NATO’s Defense Pledge
NATO’s commitment to 5% GDP defense spending, spurred by Trump’s pressure, exemplifies realism in international relations, as Hans Morgenthau outlines in Politics Among Nations. Morgenthau (1948/2005) asserts that states prioritize security in an anarchic world (p. 5). Policy-wise, this reflects fears of Russian aggression and U.S. unreliability, yet Spain’s reluctance hints at economic strains—how to fund such ambitions amid debt crises? Socially, it risks public backlash, as leaders must justify militarization over welfare.
This echoes Thucydides’ History of the Peloponnesian War: “The strong do what they can and the weak suffer what they must” (Thucydides, 431 BCE/1972, p. 402). NATO’s pledge is a bid for strength, but its fragility—tied to Trump’s whims—underscores the precariousness of collective security.
Defense Spending, Mercenaries, and the New Great Game
NATO’s pledge to reach 5% of GDP defense spending by 2035—driven by Trump’s insistence—raises questions about Europe’s strategic autonomy . As Barry Posen (2014) argues, higher budgets alone fail if procurement remains fragmented. The Wagner Group’s entrenchment in the Central African Republic further complicates the security landscape ; it exemplifies modern mercenarism and Russia’s “private justice” as a tool of soft power (Singer, 2003). Europe’s need to “modernize without erasing identity” extends to defense: sustaining adaptive reuse in the security domain requires both fiscal will and doctrinal innovation.
The Delirium of the Markets
Nowhere is the vertigo of the present more apparent than in the economic snippets. We see a market at "all-time highs" coexisting with deep anxiety among money managers. One chief investment officer admits, "I’ve been a little uncomfortable with this rally," pointing to "warning flags that are not yet affecting investor sentiment." This disconnect between the symbolic world of finance and the material world of production and consumption is a recurring theme in critiques of late capitalism. The Ford factory shutdown due to a shortage of Chinese rare earth magnets is a stark reminder of the concrete vulnerabilities that underpin the abstract movements of capital. It illustrates the weaponization of supply chains and the precariousness of a globalized economy in an era of resurgent nationalism.
The snippets on technology are particularly revealing. The AI boom is presented as a source of both astonishing progress and profound disruption. Nvidia's soaring stock and Google DeepMind's "AlphaGenome" represent a wave of innovation that promises to solve "one of biology’s biggest problems." Yet, this is juxtaposed with the news that Anthropic, an AI company, is launching a major study on the technology's potential to decimate white-collar jobs. This is the central paradox of the current technological moment: a simultaneous promise of emancipation and obsolescence. It recalls the world of Don DeLillo's novel White Noise, where characters are adrift in a sea of technological wonders and existential dread, unable to parse the signals from the noise (DeLillo, 1985).
The fate of the entertainment industry further illustrates these contradictions. "Squid Game," a show interpreted as a "dark satire of capitalism," becomes a "huge money-maker for Netflix," which spins off reality shows and merchandise. This is the Culture Industry at its most efficient, recuperating and commodifying its own critique. Similarly, the $300 million "F1 the Movie" is a blunt instrument of soft power, a "very expensive promotion" designed to manufacture a market by turning a sport into a "redemptive storyline."
Consumer Activism and Brand Politics: Tesla’s Slump
Tesla’s 28% sales drop in Europe, linked to Elon Musk’s far-right endorsements, highlights consumer activism’s economic clout. Naomi Klein’s No Logo argues that brands are political entities, vulnerable to public values (Klein, 1999/2009). Musk’s stance alienates buyers in a market tied to progressive ideals, compounded by competition from BYD (p. 4). Socially, this reflects a shift where purchasing power becomes moral leverage, challenging corporate impunity.
This resonates with Albert Camus’ The Rebel: “I rebel; therefore we exist” (Camus, 1951/1991, p. 22). Consumers rebelling against Tesla assert agency, signaling that economic choices are increasingly ethical battlegrounds.
Disruption and Adaptation: Bumble’s Struggles
Bumble’s 30% workforce cut, amid Gen Z’s disinterest, exemplifies Clayton Christensen’s The Innovator’s Dilemma. Christensen (1997/2016) warns that established firms falter when disruptive entrants capture shifting markets (p. 15). Economically, Bumble’s plummeting valuation—from $8 billion to $500 million—reflects this failure to adapt. Socially, it points to a generational pivot in digital intimacy, challenging dating apps’ cultural relevance (p. 5).
This parallels Kafka’s The Metamorphosis, where Gregor Samsa awakens to an unrecognizable reality (Kafka, 1915/2009). Bumble, like Gregor, faces an existential crisis—once a titan, now struggling to redefine itself in a transformed landscape.
Economic Disruption and Corporate Vulnerability
The newsletter snapshots on Tesla’s European sales slump, Bumble’s workforce reduction, and Vietnam’s abolition of certain death‑penalty crimes underscore the fragility of both markets and state policies. Tesla’s 28% drop in May sales and analysts’ attribution to Chinese competition speak to Schumpeterian creative destruction (Schumpeter, 1942), exacerbated by geopolitical risks. Bumble’s 30% staff cut amid generational shifts in dating preferences reflects the challenges of sustaining digital platforms in fickle social markets (Van Dijck, 2013). Meanwhile, Vietnam’s policy change—from capital punishment for embezzlement to life imprisonment—illustrates the interplay of economic liberalization and legal reform in post-socialist states (Peerenboom, 2002).
Fashion as Cultural Capital: Paris Fashion Week
Natalie Theodosi’s account of Paris Fashion Week reveals a cultural dichotomy: the dominance of luxury giants like Louis Vuitton versus the rise of niche labels like Auralee. Pierre Bourdieu’s Distinction provides a framework here, positing fashion as a field of cultural capital where symbolic power is contested (Bourdieu, 1984/2010). Established brands wield historical prestige, their “highly produced events” reinforcing status, while newcomers challenge this hegemony with innovative staples (p. 3). Socially, this reflects a democratizing impulse in a traditionally elitist industry, yet economically, it underscores the tension between tradition and disruption.
This dynamic recalls Roland Barthes’ The Fashion System, where clothing is a “language” of meaning (Barthes, 1967/1990). Paris Fashion Week’s duality—grandeur and insurgency—speaks to a cultural moment where old codes are rewritten, mirroring broader societal shifts toward inclusivity and change.
Globalization, Fashion, and Cultural Hybridity
At Paris Fashion Week, luxury conglomerates stage grand spectacles—Louis Vuitton’s Centre Pompidou takeover, Dior’s “One Dior” debut—while niche brands like Auralee and Wales Bonner quietly assert new aesthetic vocabularies . Homi Bhabha’s (1994) concept of cultural hybridity resonates here: high fashion becomes a site where colonial histories, local know-how, and global capital intersect. Louis Vuitton’s Indian‑inspired spring collection evokes Edward Said’s (1978) notion of Orientalism, yet its live music and site-specificity also reflect Gilles Deleuze and Félix Guattari’s (1987) “deterritorialization” of cultural symbols. The ascendancy of specialist labels signals a shifting axis of cultural authority: authenticity now lies as much in artisanal provenance as in cosmopolitan spectacle.
Conclusion: Navigating the Wreckage and Turbulence with Insight
Reading these dispatches is like sifting through the fragments of a shipwreck. What emerges is a picture of a world where traditional structures—of diplomacy, political parties, historical memory, and economic logic—are losing their coherence. The attempt to restore order often results in parody, like the Fernsehturm's bland revival, while authentic energy seems to thrive in the disruptive margins, from upstart fashion designers to populist politicians. The overriding feeling is one of instability and flux. The challenge, for the citizens of this world, is not to find a non-existent anchor but to learn to navigate the currents, to read the vertigo not as a pathology to be cured, but as the fundamental condition of our time.
The curated newsletters capture a world in flux—where nostalgia falters, power performs, and innovation disrupts. Culturally, it questions how we preserve meaning; economically, it probes adaptation amid uncertainty; politically, it reveals the stakes of leadership; socially, it reflects agency in chaos. From Benjamin’s aura to Baudrillard’s simulacra, Jacobs’ commons to Bourdieu’s capital, these snippets invite us to engage with history and theory. As Virginia Woolf wrote in To the Lighthouse, “The great revelation perhaps never did come. Instead there were little daily miracles, illuminations, matches struck unexpectedly in the dark” (Woolf, 1927/1981, p. 161). This newsletter offers such matches—brief, brilliant glimpses into our turbulent age.
These diverse snippets trace a world in flux—urban nostalgia grappling with authenticity, political rhetoric contorted by new norms, insurgent personalities rewriting campaign playbooks, and global industries buffeted by technological and geopolitical currents. As scholars from Boym to Bourdieu to Bhabha teach us, cultural and symbolic power always undergird economic and political change. Engaging these dynamics in reflective, interdisciplinary fashion is essential for grasping our complex present and imagining more resilient futures.
References
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[Written, Researched, and Edited by Pablo Markin. Some parts of the text have been produced with the aid of ChatGPT, OpenAI, Grok, X Corp, and Gemini, Google, Alphabet, tools (July 1, 2025). The featured image has been generated in Canva (July 1, 2025).]
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Pablo Markin (July 1, 2025). Age of Vertigo: Why Nostalgia Fails, Authenticity Wins, and Markets Grow Delirious. Open Access Blog.