Ho writes the book that I think I would have written, had I
been born in different circumstances. She was a graduate student in the Ivy League
and she saw her peers go into the Street, so she did what any good anthropologist
would do – she went native to study the flora and fauna of Wall Street.
In it, she looks at the prevailing orthodoxies of the
natives and tries to debunk them, amongst these are shareholder value and the
benefit of so many hours at your desk (free food and a car service help these
brave souls). Ho was able to take the job because of her pedigree, and she used
it to build connections –she was an excellent networker, I bet she has all the
hot LinkedIn connections. In the book, she goes through the process from
recruitment to disillusionment, She was able to do this since her own job was
made redundant at a point before she wanted it to be, but then she did
fieldwork to learn more about the natives.
What this book reminds me of most of all is the book by
Kevin Roose from a couple of years that got a lot of notice, “Young Money”. That book lacked in its breadth since it only
really examined the situations of five or six people, where Ho tries to generalize
her experience, and in my reading, she is much more effective than Roose was.
The problem is that Roose had experience writing for a popular audience every
day. Though this book has been through edits, it is still very much an academic
book in the soft sciences / arts. I had seen the word “problematize” several
times and it was only about half way through I thought I should keep track of that
word as a proxy for how “Academic” the book was. A skilled editor could have cut
half the book and made it a much more effective popular book. Ho could have
done the press and maybe even had a TED talk. Talk about a missed opportunity!
But for what it is, the book is very successful and very compelling for
catching a brief period in time that will probably only differ in degree of the
levels of tech for the next generation, no matter the humiliations that come
about from recessions not foreseen or even caused by the financial sector.