1 00:00:01,760 --> 00:00:04,800 Speaker 1: In twenty twenty, Donald Trump one roughly forty one percent 2 00:00:05,000 --> 00:00:08,560 Speaker 1: of the vote with young men. In twenty twenty four, 3 00:00:08,600 --> 00:00:12,320 Speaker 1: he increased that shared a fifty six percent. What's happening 4 00:00:12,320 --> 00:00:15,160 Speaker 1: with young men in this country? What's happening with the 5 00:00:15,200 --> 00:00:17,680 Speaker 1: trend lines that define some of the stresses and the 6 00:00:17,680 --> 00:00:22,000 Speaker 1: anxieties that so many young men are facing in America today? 7 00:00:22,840 --> 00:00:29,200 Speaker 1: This is Gavin Newsom and this is Scott Galloway. Well, Scott, 8 00:00:29,240 --> 00:00:32,960 Speaker 1: thanks so much for taking the time and joining us 9 00:00:32,960 --> 00:00:35,080 Speaker 1: on the podcast. And there's so many things I want 10 00:00:35,120 --> 00:00:38,400 Speaker 1: to talk about, from higher education, a little bit, touch 11 00:00:38,440 --> 00:00:40,920 Speaker 1: on housing, issues of inequality, a lot of the work 12 00:00:40,960 --> 00:00:43,520 Speaker 1: that you've been doing, talk about some of the trend lines, 13 00:00:43,560 --> 00:00:47,400 Speaker 1: particularly as it relates to young men. But there's a 14 00:00:47,440 --> 00:00:52,919 Speaker 1: lot of attention now being placed once again on tech titans, 15 00:00:53,320 --> 00:00:56,880 Speaker 1: notably Mark Zuckerberg, who you once described lovingly is the 16 00:00:56,960 --> 00:01:01,560 Speaker 1: most dangerous man in the world, who is now testifying 17 00:01:02,280 --> 00:01:06,600 Speaker 1: in an antitrust suit. He'll be joined in a number 18 00:01:06,640 --> 00:01:09,360 Speaker 1: of months by a number of other companies. I think 19 00:01:09,360 --> 00:01:12,560 Speaker 1: there are five lawsuits the FTC, but Mark is up 20 00:01:12,560 --> 00:01:16,280 Speaker 1: there on one of the may perhaps the most consequential in decades. 21 00:01:16,360 --> 00:01:21,679 Speaker 1: Anti trust discussions related to what's happened Instagram just curious, 22 00:01:21,840 --> 00:01:23,720 Speaker 1: you're over under What do you make of this moment? 23 00:01:23,760 --> 00:01:26,280 Speaker 1: What do you make of Zuckerbird's outreach to the Trump 24 00:01:26,319 --> 00:01:29,240 Speaker 1: administration to try to get this thing off the docket, 25 00:01:29,440 --> 00:01:31,920 Speaker 1: the fact they didn't move on it. What does it 26 00:01:32,000 --> 00:01:35,000 Speaker 1: mean to you from a political perspective, not just from 27 00:01:35,080 --> 00:01:38,200 Speaker 1: a substantive perspective in terms of the future at tech. 28 00:01:38,480 --> 00:01:40,280 Speaker 2: First, I think you have to get Mark zuckerbergers too. 29 00:01:40,280 --> 00:01:42,000 Speaker 2: I think it's one of the most brilliant business people 30 00:01:42,160 --> 00:01:44,800 Speaker 2: of the last fifty years. I also think there's a 31 00:01:44,800 --> 00:01:47,039 Speaker 2: few people that have done more damage while making more 32 00:01:47,080 --> 00:01:52,560 Speaker 2: money than Mark Zuckerbird. The coarseness of our discourse teen depression. 33 00:01:53,640 --> 00:01:56,320 Speaker 2: If any company could reverse engineer their product to an 34 00:01:56,400 --> 00:01:59,720 Speaker 2: uptick in self harm among teen girls, that company would 35 00:01:59,720 --> 00:02:04,040 Speaker 2: be put out of business. And it relates to if 36 00:02:04,080 --> 00:02:07,880 Speaker 2: it relates to antitrust, the concentration of power. You know, 37 00:02:07,920 --> 00:02:11,680 Speaker 2: power corrupts absolute power, absolutely corps. And we have one 38 00:02:11,720 --> 00:02:15,040 Speaker 2: company that controls fifty percent of e commerce Amazon, one 39 00:02:15,080 --> 00:02:18,560 Speaker 2: company controls ninety percent of search Google, and one company 40 00:02:18,560 --> 00:02:21,320 Speaker 2: owns two thirds of social media globally. With the exception 41 00:02:22,200 --> 00:02:24,000 Speaker 2: of China, two out of three people are on a 42 00:02:24,040 --> 00:02:28,119 Speaker 2: meta platform every day, and unfortunately, I'm in the field 43 00:02:28,160 --> 00:02:28,959 Speaker 2: of brand strategy. 44 00:02:29,000 --> 00:02:29,400 Speaker 3: I taught that. 45 00:02:29,440 --> 00:02:32,200 Speaker 2: I studied that at Berkeley, teach at NYU from nineteen 46 00:02:32,240 --> 00:02:34,480 Speaker 2: forty five to nineteen ninety five. We thought we discovered 47 00:02:34,480 --> 00:02:37,519 Speaker 2: the ultimate sell or selling tool, and that was its 48 00:02:37,560 --> 00:02:40,880 Speaker 2: sex cells, like tell people to be hotter and play 49 00:02:40,919 --> 00:02:43,440 Speaker 2: volleyball and be more tractive potential mates if they buy 50 00:02:43,440 --> 00:02:47,200 Speaker 2: a Maserati or drink Core's Light. But these algorithms figured 51 00:02:47,200 --> 00:02:49,960 Speaker 2: out with Google that there's something that sells even more 52 00:02:49,960 --> 00:02:52,600 Speaker 2: than sex, and that's rage. And that is if you 53 00:02:52,639 --> 00:02:56,400 Speaker 2: bring on somebody who says an mRNA vaccine alters your DNA, 54 00:02:57,760 --> 00:03:00,080 Speaker 2: that person, in my view, deserves the right to say that. 55 00:03:00,080 --> 00:03:03,240 Speaker 2: The the center's voice is important. But what these algorithms have 56 00:03:03,240 --> 00:03:06,080 Speaker 2: figured out is that if we elevate that content beyond 57 00:03:06,120 --> 00:03:10,040 Speaker 2: its natural organic reach, it creates enragement because people will 58 00:03:10,080 --> 00:03:12,160 Speaker 2: weigh in and go, that's nonsense and that's not true, 59 00:03:12,160 --> 00:03:14,120 Speaker 2: and you're going to result. You're going to see a 60 00:03:14,160 --> 00:03:16,960 Speaker 2: surge in measles and rebella and then people way back 61 00:03:16,960 --> 00:03:21,840 Speaker 2: in and every comment enragement equals engagement equals more Nissan 62 00:03:21,880 --> 00:03:25,560 Speaker 2: ads equals more shareholder value. And so unfortunately, the deepest 63 00:03:25,560 --> 00:03:27,960 Speaker 2: pocketed companies in the world are trying to enrage us 64 00:03:28,800 --> 00:03:31,360 Speaker 2: or addict us, get us addicted to our phones such 65 00:03:31,400 --> 00:03:34,120 Speaker 2: that they can then hand us over dopamine addicts to 66 00:03:34,160 --> 00:03:37,640 Speaker 2: the pharmaceutical the medical industrial complex. Now, how do you 67 00:03:37,680 --> 00:03:40,360 Speaker 2: address that. We need more laws. We need to remove 68 00:03:40,360 --> 00:03:43,040 Speaker 2: two thirty for algorithmically elevated content. 69 00:03:43,680 --> 00:03:44,600 Speaker 3: We need age gating. 70 00:03:44,640 --> 00:03:46,640 Speaker 2: There's no reason anyone under the age of sixteen should 71 00:03:46,640 --> 00:03:50,240 Speaker 2: be on Instagram. But also the more and boring stuff. 72 00:03:50,240 --> 00:03:52,800 Speaker 2: We need to break up these companies. And in a breakup, 73 00:03:53,120 --> 00:03:56,040 Speaker 2: it almost always works economically, it works for shareholders. The 74 00:03:56,160 --> 00:03:58,480 Speaker 2: seven baby bills that AT and T was broken up 75 00:03:58,480 --> 00:04:00,160 Speaker 2: into are all worth more than eight and T you 76 00:04:00,200 --> 00:04:05,040 Speaker 2: within seven years. PayPal is worth monstrously more than the 77 00:04:05,080 --> 00:04:09,520 Speaker 2: original eBay. Breakups are very accretive to the economy. They're 78 00:04:09,560 --> 00:04:11,680 Speaker 2: good for employees because they get to charge more to 79 00:04:11,720 --> 00:04:15,080 Speaker 2: rent their labor. If you want to be in social 80 00:04:15,120 --> 00:04:17,400 Speaker 2: media and you're a hotshot engineer, how many companies are 81 00:04:17,440 --> 00:04:20,760 Speaker 2: really bidding on your talent? I would argue snap in 82 00:04:20,800 --> 00:04:23,039 Speaker 2: Pinterest that Facebook could put them out of business. But 83 00:04:23,080 --> 00:04:25,800 Speaker 2: they don't just to pretend they have competition, they can 84 00:04:25,839 --> 00:04:27,400 Speaker 2: put them out of business. I think in ninety days 85 00:04:27,440 --> 00:04:31,240 Speaker 2: if they targeted their sights on them, shareholders win, consumers win. 86 00:04:31,400 --> 00:04:33,680 Speaker 2: And what happens is this level of concentration is rents 87 00:04:33,720 --> 00:04:37,280 Speaker 2: go up. And unfortunately these companies have non economic rents, 88 00:04:37,279 --> 00:04:39,680 Speaker 2: and that is it's hard to determine the pricing on 89 00:04:39,720 --> 00:04:42,200 Speaker 2: a product that's free. But what I would argue is 90 00:04:42,200 --> 00:04:44,800 Speaker 2: one of the greatest increase in rents in history is 91 00:04:44,839 --> 00:04:47,239 Speaker 2: the rents, the increase in rents that parents are paying 92 00:04:47,240 --> 00:04:50,359 Speaker 2: at the hands of an organization that really doesn't have 93 00:04:50,400 --> 00:04:52,799 Speaker 2: your kids' welfare and best interests. I know you have kids, 94 00:04:52,839 --> 00:04:57,120 Speaker 2: I have kids. I would say between forty and sixty 95 00:04:57,120 --> 00:04:59,920 Speaker 2: percent of all real tension or ajita in my house, 96 00:05:00,080 --> 00:05:02,080 Speaker 2: not only between my kids but between my kids and 97 00:05:02,120 --> 00:05:05,480 Speaker 2: their mother, is around the phone and social media. So 98 00:05:05,520 --> 00:05:08,960 Speaker 2: look at the rents we're paying here. I'm cynical anything's 99 00:05:08,960 --> 00:05:11,120 Speaker 2: going to happen. They've been much more masterful than our 100 00:05:11,160 --> 00:05:13,960 Speaker 2: government figuring out a way to avoid all regulation. 101 00:05:14,200 --> 00:05:16,680 Speaker 1: Did you were you surprised? I mean with all the outreach, 102 00:05:16,880 --> 00:05:19,000 Speaker 1: particularly for Meta, but I mean all these guys, you know, 103 00:05:19,080 --> 00:05:21,520 Speaker 1: not just being there at the inaugural for Trump, but 104 00:05:21,839 --> 00:05:26,000 Speaker 1: obviously more outreach in the oval that you surprised Trump 105 00:05:26,080 --> 00:05:28,720 Speaker 1: didn't intervene a little more aggressively with the quote unquote 106 00:05:28,760 --> 00:05:30,919 Speaker 1: new FTC and then went to trial. 107 00:05:31,360 --> 00:05:34,040 Speaker 2: I'm convinced, Governor, that four hundred and ninety eight of 108 00:05:34,120 --> 00:05:37,120 Speaker 2: the five hundred fortune five hundred CEOs wake up every 109 00:05:37,120 --> 00:05:39,600 Speaker 2: morning and say good morning, mister president. I think all 110 00:05:39,640 --> 00:05:41,719 Speaker 2: of these guys think there's a non zero probability then 111 00:05:41,760 --> 00:05:45,400 Speaker 2: be drafted to be president, and the key attribute to 112 00:05:45,480 --> 00:05:47,800 Speaker 2: be president's leadership. And I think of leadership. We teach 113 00:05:47,880 --> 00:05:50,160 Speaker 2: leadership at business school, and I can summarize the entire 114 00:05:50,200 --> 00:05:51,960 Speaker 2: course of the following do the right thing even when 115 00:05:52,000 --> 00:05:54,760 Speaker 2: it's really hard. But we want to charge them seven 116 00:05:54,800 --> 00:05:57,839 Speaker 2: thousand bucks and so we can hire formally important people. 117 00:05:57,920 --> 00:06:00,000 Speaker 2: And it's in my opinion that we shouldn't have leaders 118 00:06:00,000 --> 00:06:03,320 Speaker 2: super ethics classes. But that's an entirely different, entirely different 119 00:06:03,320 --> 00:06:06,240 Speaker 2: talk show. How many corporate CEOs are really stepping up 120 00:06:06,279 --> 00:06:09,000 Speaker 2: here and saying the greatest own goal in history are 121 00:06:09,040 --> 00:06:11,039 Speaker 2: these tariffs? And that make no sense. There's been such 122 00:06:11,080 --> 00:06:16,120 Speaker 2: a lack of leadership from these CEOs stepping up. The 123 00:06:16,160 --> 00:06:19,320 Speaker 2: FDC and the DOJ, I would argue have been neutered. 124 00:06:20,279 --> 00:06:23,560 Speaker 2: Jonathan Canter I just interviewed, said that I'm not giving 125 00:06:23,600 --> 00:06:26,200 Speaker 2: the current officials at the dj enough credit that they 126 00:06:26,200 --> 00:06:28,120 Speaker 2: will break them up, and that Trump has been kind 127 00:06:28,160 --> 00:06:30,720 Speaker 2: of a little bit all over the map on this. 128 00:06:30,880 --> 00:06:34,320 Speaker 2: He didn't like TikTok till he found out and then 129 00:06:34,360 --> 00:06:36,920 Speaker 2: I think the CCP dialed up the algorithm in his favor, 130 00:06:37,040 --> 00:06:38,200 Speaker 2: so he decided he liked it. 131 00:06:38,240 --> 00:06:39,080 Speaker 3: Then he found out that. 132 00:06:39,040 --> 00:06:41,960 Speaker 2: Jeffrey ass is a large shareholder who gave him two 133 00:06:42,520 --> 00:06:44,000 Speaker 2: hundred and twenty million dollars, and what do you know, 134 00:06:44,040 --> 00:06:45,160 Speaker 2: he no longer wants. 135 00:06:44,960 --> 00:06:45,440 Speaker 3: To ban it. 136 00:06:46,680 --> 00:06:50,599 Speaker 2: So I find unfortunately our government has become at this point, 137 00:06:50,680 --> 00:06:53,320 Speaker 2: especially this administration, and I think Democrats have been guilty 138 00:06:53,360 --> 00:06:55,080 Speaker 2: of this, but just in a small ball. 139 00:06:54,960 --> 00:06:56,960 Speaker 3: Kind of way or a more elegant way. 140 00:06:57,600 --> 00:07:00,760 Speaker 2: I think it's just pure pay for play, whether it's Apple, 141 00:07:00,839 --> 00:07:04,040 Speaker 2: which gives a million bucks to the inaugural Committee and 142 00:07:04,160 --> 00:07:06,920 Speaker 2: it has a cult of iOS users that he does 143 00:07:06,920 --> 00:07:09,960 Speaker 2: not want to piss off. You just saw tearff relief 144 00:07:10,200 --> 00:07:13,280 Speaker 2: for Apple. Meanwhile, ninety eight percent of company is dependent 145 00:07:13,360 --> 00:07:15,520 Speaker 2: upon the export and import economy or small and medium 146 00:07:15,520 --> 00:07:17,280 Speaker 2: sized businesses, So what do they do? 147 00:07:18,040 --> 00:07:18,960 Speaker 3: It's you know, it's great to. 148 00:07:18,960 --> 00:07:21,400 Speaker 2: Be Apple, but what do you do if you don't 149 00:07:21,400 --> 00:07:23,400 Speaker 2: have If you're not the largest market cap company in 150 00:07:23,440 --> 00:07:26,160 Speaker 2: the world, then you're just a company selling pots and pans, 151 00:07:26,160 --> 00:07:29,480 Speaker 2: importing from China. And you have I talked to a 152 00:07:30,280 --> 00:07:32,679 Speaker 2: homer or retailer over the weekend one hundred million dollars 153 00:07:32,720 --> 00:07:35,520 Speaker 2: in product on a ship on ships that are going 154 00:07:35,520 --> 00:07:36,800 Speaker 2: to about to be offload at the port of Long 155 00:07:36,840 --> 00:07:39,640 Speaker 2: Beach over the course the next three weeks. This person 156 00:07:39,680 --> 00:07:41,600 Speaker 2: has to show up with another one hundred and forty 157 00:07:41,600 --> 00:07:43,800 Speaker 2: five million dollars in tariffs to get this stuff off 158 00:07:43,880 --> 00:07:44,239 Speaker 2: the boat. 159 00:07:44,920 --> 00:07:46,160 Speaker 3: In addition, he's going to have to. 160 00:07:46,120 --> 00:07:48,600 Speaker 2: Send down hundreds of people to retag and relabel because 161 00:07:48,640 --> 00:07:51,160 Speaker 2: now labels and pricing are attached to the factory in China. 162 00:07:51,680 --> 00:07:53,640 Speaker 2: And he doesn't have a plan his business. So he's 163 00:07:53,760 --> 00:07:57,520 Speaker 2: stopping hiring. He's not recruiting at universities. He doesn't his 164 00:07:57,560 --> 00:07:59,720 Speaker 2: earnings calls are going to be a mess. 165 00:08:00,280 --> 00:08:00,840 Speaker 3: So what do we have? 166 00:08:00,880 --> 00:08:05,800 Speaker 2: A reduction in hiring, a reduction and prosperity with increased 167 00:08:05,800 --> 00:08:09,520 Speaker 2: consumer prices and a brand that is America now of 168 00:08:09,560 --> 00:08:13,160 Speaker 2: toxic uncertainty, where we're seeing people selling our bonds, where 169 00:08:13,200 --> 00:08:17,880 Speaker 2: people diversting from our stocks. But I'm very disappointed that 170 00:08:18,040 --> 00:08:19,840 Speaker 2: a lot of what I think great leaders in the 171 00:08:19,880 --> 00:08:22,520 Speaker 2: corporate world aren't stepping up and calling this for what 172 00:08:22,560 --> 00:08:25,200 Speaker 2: it is, and that is a totally self inflicted entry, 173 00:08:25,280 --> 00:08:28,640 Speaker 2: probably the greatest own goal since our entry into Iraq 174 00:08:29,160 --> 00:08:29,600 Speaker 2: with Scott. 175 00:08:29,640 --> 00:08:32,200 Speaker 1: I mean, they're not doing it for obvious reasons, right, 176 00:08:32,320 --> 00:08:36,440 Speaker 1: just pure self interest, right. And would you argue for 177 00:08:36,520 --> 00:08:39,160 Speaker 1: douciary interest on behalf of the shareholders? I mean, what 178 00:08:39,800 --> 00:08:43,360 Speaker 1: you know, I'm with you one thousand percent. But in 179 00:08:43,400 --> 00:08:45,920 Speaker 1: a world that we're living in, I mean, is it 180 00:08:46,000 --> 00:08:47,920 Speaker 1: surprising or is it just outraging? 181 00:08:49,160 --> 00:08:50,880 Speaker 2: I think you bring up the correct point, and that 182 00:08:51,080 --> 00:08:54,679 Speaker 2: is the smart thing to do from a shareholder perspective. 183 00:08:55,480 --> 00:08:59,080 Speaker 2: I mean, the thing that disappoints me, governor present company excluded, 184 00:08:59,200 --> 00:09:02,360 Speaker 2: is not that our government officials. It's not going to 185 00:09:02,360 --> 00:09:03,839 Speaker 2: be provocative here because you've had a lot of right 186 00:09:03,840 --> 00:09:06,120 Speaker 2: wing people. It's not that our government or elected representatives 187 00:09:06,160 --> 00:09:08,720 Speaker 2: in DC are are whorees. It's that they're such cheap hors, 188 00:09:09,440 --> 00:09:12,000 Speaker 2: and that is it's the best ROI is to give 189 00:09:12,040 --> 00:09:16,600 Speaker 2: a million dollars thenopogal committee any crosshairs so chief. So 190 00:09:17,320 --> 00:09:19,760 Speaker 2: when you're earning a three trillion dollar market cap company, 191 00:09:19,800 --> 00:09:22,000 Speaker 2: why on earth would you just just grin and bear 192 00:09:22,080 --> 00:09:25,760 Speaker 2: it and text me and my co hosts that I 193 00:09:25,840 --> 00:09:29,080 Speaker 2: hate being here. But meanwhile they show up, they prostitute themselves, 194 00:09:29,120 --> 00:09:31,960 Speaker 2: they get prayed around. Because if you're solely focused on 195 00:09:32,000 --> 00:09:35,199 Speaker 2: shareholder value, I get it, they're just being fiduciaries with 196 00:09:35,240 --> 00:09:36,679 Speaker 2: the share stay out of his crosshairs. 197 00:09:36,720 --> 00:09:37,200 Speaker 3: Bend the knee. 198 00:09:37,240 --> 00:09:40,000 Speaker 2: If you're a law firm refusing to take clients of 199 00:09:40,040 --> 00:09:43,959 Speaker 2: his adversaries, which is literally an attack on our constitution, fine. 200 00:09:43,800 --> 00:09:44,400 Speaker 3: I get it. 201 00:09:44,760 --> 00:09:48,240 Speaker 2: But for God's sakes, let's give up the charade about stakeholders. 202 00:09:48,320 --> 00:09:51,120 Speaker 2: I've been on a bunch of corporate boards and everyone's 203 00:09:51,160 --> 00:09:54,320 Speaker 2: always talking about stakeholders. I'm like, okay, let's stop it. 204 00:09:54,480 --> 00:09:58,840 Speaker 2: In some way you should expect or not expect, the 205 00:09:58,880 --> 00:10:01,600 Speaker 2: American corporation is better, are making money than any corporation 206 00:10:01,679 --> 00:10:03,720 Speaker 2: in the world, and therefore should not be trusted to 207 00:10:03,760 --> 00:10:06,959 Speaker 2: do anything else. We need laws, and we keep hoping 208 00:10:06,960 --> 00:10:09,400 Speaker 2: that if we shame Mark Zuckerberg and talk about all 209 00:10:09,400 --> 00:10:12,240 Speaker 2: these kids self harming and all the damage he's doing, 210 00:10:12,240 --> 00:10:13,920 Speaker 2: that his better angels are going to show up. That's 211 00:10:13,960 --> 00:10:16,080 Speaker 2: just not going to happen. The incentives in America are 212 00:10:16,080 --> 00:10:19,040 Speaker 2: the following. To be rich in America is to be loved. 213 00:10:19,080 --> 00:10:21,199 Speaker 2: It's a loving, generous place if you have money. It's 214 00:10:21,240 --> 00:10:24,280 Speaker 2: a rapacious, violent place if you don't. So so many 215 00:10:24,280 --> 00:10:28,320 Speaker 2: incentives are to do whatever incremental decisions you have to 216 00:10:28,360 --> 00:10:31,760 Speaker 2: make to make more money. That unless we have systemic 217 00:10:31,960 --> 00:10:36,960 Speaker 2: laws that say, if you algorithmically elevated content that shows 218 00:10:36,960 --> 00:10:45,000 Speaker 2: a fourteen year old girl images on suicide pills, nooses, raisors, 219 00:10:45,040 --> 00:10:48,079 Speaker 2: and this happened because the algorithms pick up she's having 220 00:10:48,120 --> 00:10:51,680 Speaker 2: suicidal ideation. Unless we put someone in jail, or we 221 00:10:51,800 --> 00:10:55,640 Speaker 2: find them five fifty billion, not five billion, they're going 222 00:10:55,679 --> 00:10:57,240 Speaker 2: to continue to do this right now. 223 00:10:57,280 --> 00:10:58,920 Speaker 3: The incentives are the following. 224 00:10:59,520 --> 00:11:01,160 Speaker 2: If you have a parking meter in front of your 225 00:11:01,160 --> 00:11:03,360 Speaker 2: house that costs one hundred dollars an hour, but the 226 00:11:03,400 --> 00:11:06,199 Speaker 2: ticket was twenty five cents, you'd break the law. And 227 00:11:06,200 --> 00:11:09,200 Speaker 2: that's essentially the incentive system we have around big tech 228 00:11:09,280 --> 00:11:11,800 Speaker 2: right now. But for God's sake, stop stop to see 229 00:11:11,840 --> 00:11:14,280 Speaker 2: us to stop with this bs around stakeholders. They're there 230 00:11:14,280 --> 00:11:16,720 Speaker 2: for shareholders, admit it, and we can just get on 231 00:11:16,840 --> 00:11:20,560 Speaker 2: with figuring out we need laws not to shame them 232 00:11:20,559 --> 00:11:23,560 Speaker 2: in front of the populace for a TikTok moment so 233 00:11:23,600 --> 00:11:25,840 Speaker 2: you can raise more money as an elected representative, and 234 00:11:25,880 --> 00:11:27,320 Speaker 2: then the wheel turns, if you. 235 00:11:27,320 --> 00:11:28,880 Speaker 3: Will appreciate it. 236 00:11:29,000 --> 00:11:31,200 Speaker 1: On TikTok, I mean you're just I mean you are 237 00:11:31,280 --> 00:11:34,040 Speaker 1: firmly in the camp that they need to be banned 238 00:11:34,040 --> 00:11:36,320 Speaker 1: in the United States. Is that right? 239 00:11:37,200 --> 00:11:41,360 Speaker 2: Well, okay, so October seventh happens. Since then, there's been 240 00:11:41,400 --> 00:11:44,559 Speaker 2: fifty two pro Hamas videos for every pro Israel video. 241 00:11:44,679 --> 00:11:47,400 Speaker 2: And I recognize that young people have a healthy distrust 242 00:11:47,440 --> 00:11:50,800 Speaker 2: of people my age and are maybe more progressive and 243 00:11:50,880 --> 00:11:53,640 Speaker 2: have a lot of warranted empathy for the people in Gaza, 244 00:11:54,000 --> 00:11:57,720 Speaker 2: But fifty two to one. We spend hundreds of millions 245 00:11:57,720 --> 00:12:02,079 Speaker 2: of dollars on psyops to support our message oversea, with overseas, 246 00:12:02,080 --> 00:12:05,880 Speaker 2: with what you would call Radio Europe or Air America, 247 00:12:05,960 --> 00:12:10,440 Speaker 2: whatever it might be. That's propaganda. TikTok now has greater 248 00:12:10,520 --> 00:12:12,800 Speaker 2: dominance in terms of time. The average fourteen year old 249 00:12:12,840 --> 00:12:15,640 Speaker 2: male in America spent seventeen hours a week on TikTok, 250 00:12:15,880 --> 00:12:18,240 Speaker 2: meaning that if you include sleep, they're spending a full 251 00:12:18,320 --> 00:12:20,560 Speaker 2: day a week on TikTok. They have a greater command 252 00:12:20,640 --> 00:12:22,960 Speaker 2: of attention among people under the age of twenty five 253 00:12:23,559 --> 00:12:26,680 Speaker 2: than CBS, NBC, and ABC had in the sixties. Would 254 00:12:26,679 --> 00:12:29,720 Speaker 2: we have been down in the sixties with the Kremlin 255 00:12:29,840 --> 00:12:34,080 Speaker 2: owning those three networks? And the argument I would make, 256 00:12:34,120 --> 00:12:37,120 Speaker 2: Governor is, they would be stupid not to be doing this. 257 00:12:37,800 --> 00:12:40,400 Speaker 2: They can't beat us militarily, they can't beat us kinetically, 258 00:12:40,440 --> 00:12:43,040 Speaker 2: they can't beat us economically. I know, let's get them 259 00:12:43,080 --> 00:12:45,920 Speaker 2: to hate each other. And I think that's what we're doing. 260 00:12:46,000 --> 00:12:49,559 Speaker 2: So we're raising a generation of civic, nonprofit and nonprofit 261 00:12:49,600 --> 00:12:52,920 Speaker 2: and military leaders. They just don't like each other. They 262 00:12:52,960 --> 00:12:57,040 Speaker 2: don't like America. Half the people our age, Governor feel 263 00:12:57,040 --> 00:13:00,840 Speaker 2: good about America. It's one in ten young people. So 264 00:13:01,760 --> 00:13:04,600 Speaker 2: we weren't comfortable with having missiles pointed at US sixty 265 00:13:04,600 --> 00:13:07,480 Speaker 2: miles off our shore in Cuba. I don't understand why 266 00:13:07,520 --> 00:13:10,480 Speaker 2: we would have a neural jack and plan into all 267 00:13:10,520 --> 00:13:13,280 Speaker 2: of our use wet matter controlled by the CCP that 268 00:13:13,320 --> 00:13:16,800 Speaker 2: has a strategic andperative and diminishing our power. I think 269 00:13:16,800 --> 00:13:21,679 Speaker 2: it's insane that we would allow TikTok into the United States. 270 00:13:21,960 --> 00:13:25,440 Speaker 1: And as a point you make often is name how 271 00:13:25,440 --> 00:13:28,880 Speaker 1: many American tech companies are operating in mainland China. 272 00:13:28,960 --> 00:13:32,160 Speaker 2: Well, we just to talking about tariffs. Tariffs can be used. 273 00:13:32,200 --> 00:13:34,360 Speaker 2: Tariffs do play a role, and that is you can 274 00:13:34,360 --> 00:13:37,320 Speaker 2: protect nason industries. South Korea has done a good job 275 00:13:37,360 --> 00:13:41,800 Speaker 2: thoughtfully protecting some industries there. If we feel we need 276 00:13:41,800 --> 00:13:43,880 Speaker 2: a certain level domestic steel production in case we have 277 00:13:43,920 --> 00:13:46,120 Speaker 2: a war, need to build tanks, maybe make some sense 278 00:13:46,160 --> 00:13:49,840 Speaker 2: have tariffs there when you have leverage. We had leverage 279 00:13:49,840 --> 00:13:52,880 Speaker 2: in the truck market. We impose a twenty five percent tariff. 280 00:13:52,920 --> 00:13:55,520 Speaker 2: On Japan they impose zero percent. So they can be 281 00:13:55,559 --> 00:13:59,080 Speaker 2: used strategically and thoughtfully. And one type of terraff to 282 00:13:59,120 --> 00:14:01,320 Speaker 2: restore traders is to say, if you're not going to 283 00:14:01,320 --> 00:14:03,959 Speaker 2: allow a single American media company in the mainland China, 284 00:14:04,520 --> 00:14:06,120 Speaker 2: it would make sense we're not going to allow any 285 00:14:06,120 --> 00:14:06,640 Speaker 2: of yours. 286 00:14:07,280 --> 00:14:08,800 Speaker 3: But we do for some. 287 00:14:08,679 --> 00:14:12,240 Speaker 2: Reason because again the General Lantic partners to Qui Capital, 288 00:14:12,240 --> 00:14:14,199 Speaker 2: there are a lot of American investors that are investors 289 00:14:14,240 --> 00:14:17,760 Speaker 2: in TikTok but I just think this is I think 290 00:14:18,000 --> 00:14:22,520 Speaker 2: American's core competence are One of our kiaptriats is our optimism. 291 00:14:23,000 --> 00:14:25,320 Speaker 2: But the Achilles heel of that is I think we're 292 00:14:25,320 --> 00:14:27,880 Speaker 2: a little bit naive. And it bothered me that the 293 00:14:27,880 --> 00:14:30,160 Speaker 2: Biden administration no one was allowed to be on TikTok 294 00:14:30,160 --> 00:14:32,440 Speaker 2: for security reasons, because I don't think they realize what's 295 00:14:32,480 --> 00:14:34,800 Speaker 2: going on here and you don't. 296 00:14:35,080 --> 00:14:36,600 Speaker 3: Yeah, I mean, I'm I'm. 297 00:14:36,440 --> 00:14:38,360 Speaker 2: I'm pologizing a little bit all over the place. But 298 00:14:38,520 --> 00:14:40,520 Speaker 2: have you seen the program Adolescence Governor. 299 00:14:40,800 --> 00:14:43,000 Speaker 1: I did not have the guts I started. I kid 300 00:14:43,040 --> 00:14:45,120 Speaker 1: you not as a parent. I couldn't do it. I 301 00:14:45,160 --> 00:14:47,680 Speaker 1: couldn't do it. My wife watched it. She said, I'm 302 00:14:47,680 --> 00:14:49,920 Speaker 1: glad you I'm glad you missed it. Even though she 303 00:14:49,960 --> 00:14:51,240 Speaker 1: says you're going to watch. 304 00:14:51,040 --> 00:14:51,440 Speaker 3: It with me. 305 00:14:51,800 --> 00:14:55,080 Speaker 1: It asked to be seen. Apparently, it was parenttly powerful 306 00:14:55,080 --> 00:14:55,720 Speaker 1: beyond words. 307 00:14:56,760 --> 00:14:59,360 Speaker 2: Yeah, it's funny you say that I found it. I 308 00:14:59,400 --> 00:15:02,200 Speaker 2: did watch it because it's I think a lot about 309 00:15:02,200 --> 00:15:02,720 Speaker 2: these issues. 310 00:15:02,760 --> 00:15:04,240 Speaker 3: I found I had to have a drink before I 311 00:15:04,240 --> 00:15:04,600 Speaker 3: watch it. 312 00:15:04,600 --> 00:15:08,600 Speaker 2: It was so rattling, and the question at argurs is 313 00:15:08,920 --> 00:15:12,600 Speaker 2: who's raising our kids? And are you raising your kids 314 00:15:12,760 --> 00:15:14,360 Speaker 2: or is the Internet raising your kids? And if the 315 00:15:14,360 --> 00:15:17,960 Speaker 2: Internet's raising your kids, who is raising them? And I'm 316 00:15:18,000 --> 00:15:28,240 Speaker 2: just not down with a CCP controlled algorithm raising American children. 317 00:15:28,440 --> 00:15:30,040 Speaker 1: Let me ask you this, I mean in terms of 318 00:15:30,160 --> 00:15:33,720 Speaker 1: just and we'll get to America's children. And I think 319 00:15:33,800 --> 00:15:36,520 Speaker 1: it's interesting just so much of your work is not 320 00:15:36,600 --> 00:15:40,000 Speaker 1: just about headlines, but it's about these trend lines. And you, 321 00:15:40,080 --> 00:15:43,720 Speaker 1: of course did that wonderful book Adrift that did it 322 00:15:43,800 --> 00:15:46,600 Speaker 1: in charts, and you've been talking about these broader issues 323 00:15:46,640 --> 00:15:48,360 Speaker 1: and goes back to my opening a little bit, and 324 00:15:48,360 --> 00:15:52,040 Speaker 1: as it relates to inequality and generational theft, as you've 325 00:15:52,040 --> 00:15:55,760 Speaker 1: referred to it, the issues of housing costs. But you 326 00:15:55,800 --> 00:15:58,600 Speaker 1: have sort of a plan, a flag in history here 327 00:15:58,640 --> 00:16:03,160 Speaker 1: in California. You grew up in Los Angeles, and not 328 00:16:03,200 --> 00:16:05,960 Speaker 1: only are you a proud graduate of UCLA, we're a 329 00:16:06,000 --> 00:16:10,360 Speaker 1: proud beneficiary of your largesse. And as someone that's on 330 00:16:10,400 --> 00:16:13,360 Speaker 1: the UC regions, thank you. If you haven't been formally 331 00:16:13,400 --> 00:16:17,800 Speaker 1: thanked for your incredible personal contributions to UCLA and to 332 00:16:17,920 --> 00:16:22,480 Speaker 1: UC Berkeley, you've paid forward, You've paid back twenty times X. 333 00:16:22,840 --> 00:16:24,640 Speaker 1: But I talk to me a little bit about these 334 00:16:24,720 --> 00:16:29,640 Speaker 1: trend lines you've seen exacerbated perhaps by these algorithms that 335 00:16:29,720 --> 00:16:32,080 Speaker 1: have really led to the headlines and the anxiety that 336 00:16:32,120 --> 00:16:33,320 Speaker 1: we're all experiencing today. 337 00:16:34,640 --> 00:16:36,400 Speaker 3: Well thanks for that. That means a lot coming from you. 338 00:16:36,480 --> 00:16:40,640 Speaker 2: Look, I was an unremarkable kid, and I'm not son Ahmobruck. 339 00:16:40,720 --> 00:16:43,560 Speaker 3: I was remarkably unremarkable. I was raised by a single immigrant. 340 00:16:43,120 --> 00:16:44,880 Speaker 2: Mother who lived and died of secretary of a household 341 00:16:44,920 --> 00:16:47,280 Speaker 2: income was ever never over thirty eight thousand dollars. 342 00:16:47,920 --> 00:16:49,680 Speaker 3: I applied to UCLA. 343 00:16:49,240 --> 00:16:51,920 Speaker 2: When the acceptance rate was seventy six percent, and I 344 00:16:51,960 --> 00:16:53,800 Speaker 2: was one of the twenty four percent that didn't get in. 345 00:16:54,440 --> 00:16:56,360 Speaker 2: And I was installing shelving in the highlight of my 346 00:16:56,440 --> 00:16:59,200 Speaker 2: day as I get ridiculously fucking high with my coworkers 347 00:16:59,240 --> 00:17:01,560 Speaker 2: and then take to the high ways of Ontario, California. 348 00:17:01,560 --> 00:17:03,160 Speaker 3: And I came home and I just broke down. 349 00:17:03,000 --> 00:17:06,199 Speaker 2: With my mom and I said, is this my life? 350 00:17:07,000 --> 00:17:09,560 Speaker 2: And there's nothing wrong with vocational work, but I'd really 351 00:17:09,560 --> 00:17:12,080 Speaker 2: hope to go to college. And we found out there 352 00:17:12,080 --> 00:17:14,240 Speaker 2: was an appeal process, and I appealed, and I remember 353 00:17:14,400 --> 00:17:17,200 Speaker 2: changed my life. The guy the admissions director called or 354 00:17:17,280 --> 00:17:20,280 Speaker 2: got missioned off called and said, you're not qualified, but 355 00:17:20,320 --> 00:17:22,600 Speaker 2: you're a native son of California, and we're going to 356 00:17:22,640 --> 00:17:26,720 Speaker 2: give you a shot. And I rewarded UCLA with a 357 00:17:26,760 --> 00:17:29,520 Speaker 2: two point twenty seven GPA. Undergraduate, I did nothing but 358 00:17:29,600 --> 00:17:31,960 Speaker 2: learned how to make bonds out of household items and 359 00:17:32,000 --> 00:17:34,720 Speaker 2: watch Planet of the Apes. And what did Berkeley do. 360 00:17:35,320 --> 00:17:37,240 Speaker 2: One of the top ten business schools in the world. 361 00:17:37,320 --> 00:17:39,040 Speaker 2: They led me into graduate school with the two point 362 00:17:39,080 --> 00:17:43,040 Speaker 2: twenty seven GPA, and I got my shit together. My 363 00:17:43,080 --> 00:17:45,560 Speaker 2: mom got sick. I just grew up, liked to think, 364 00:17:45,600 --> 00:17:48,840 Speaker 2: I started becoming a man, and it started an upward 365 00:17:48,880 --> 00:17:50,240 Speaker 2: spiral of prosperity. 366 00:17:50,840 --> 00:17:52,119 Speaker 3: And I've been able to give back. 367 00:17:52,440 --> 00:17:54,480 Speaker 2: And the lesson here is that no one can predict 368 00:17:54,480 --> 00:17:57,320 Speaker 2: greatness at the age of eighteen in anybody, no institution 369 00:17:58,080 --> 00:18:01,080 Speaker 2: and his higher education is my industry of about identifying 370 00:18:01,359 --> 00:18:04,639 Speaker 2: rich kids or the frequently remarkable and turning them into billionaires. 371 00:18:05,359 --> 00:18:07,760 Speaker 2: Or it is about giving the bottom ninety a shot 372 00:18:08,160 --> 00:18:11,120 Speaker 2: at being in the top. And we used to love Americans, 373 00:18:11,760 --> 00:18:15,680 Speaker 2: and I look back on the things that that gave 374 00:18:15,760 --> 00:18:19,520 Speaker 2: me just this unbelievable American experience, and some of them 375 00:18:19,880 --> 00:18:23,520 Speaker 2: don't exist today. UCLA's and missions rate has gone from 376 00:18:23,560 --> 00:18:26,280 Speaker 2: seventy six percent to nine percent. They just they couldn't 377 00:18:26,280 --> 00:18:29,200 Speaker 2: have let me, and they didn't have the bandwidth. It 378 00:18:29,240 --> 00:18:32,200 Speaker 2: was not I spent seven thousand dollars over seven years 379 00:18:32,280 --> 00:18:35,520 Speaker 2: undergrad and grad. It's obviously that's total tuition. It's obviously 380 00:18:35,520 --> 00:18:38,360 Speaker 2: a lot more. You know, I talk about this very openly. 381 00:18:39,000 --> 00:18:42,280 Speaker 2: There were also things today that I think I would 382 00:18:42,320 --> 00:18:44,720 Speaker 2: have succumbed to that would have gotten the way my prosperity. 383 00:18:45,680 --> 00:18:47,359 Speaker 2: My mom, when she was forty seven, when I was 384 00:18:47,359 --> 00:18:51,640 Speaker 2: a senior in high school, became pregnant and had access 385 00:18:51,680 --> 00:18:54,800 Speaker 2: to family planning. Had we lived in a southern state, 386 00:18:55,560 --> 00:18:58,520 Speaker 2: given our income and our lack of sophistication, I would 387 00:18:58,520 --> 00:19:01,200 Speaker 2: have dropped out of school to help my mom, and 388 00:19:01,280 --> 00:19:04,600 Speaker 2: I wouldn't have been able to go to college. Quite frankly, 389 00:19:05,440 --> 00:19:09,360 Speaker 2: young men are being targeted by the deepest pocketed, most 390 00:19:09,400 --> 00:19:13,480 Speaker 2: talented organizations in the world, specifically big Tech. Want to 391 00:19:13,520 --> 00:19:15,440 Speaker 2: give them the sense that they can have a reasonable 392 00:19:15,440 --> 00:19:18,120 Speaker 2: facsimile of life on a screen with an algorithm. Why 393 00:19:18,200 --> 00:19:21,439 Speaker 2: go out and try and make friends when you have 394 00:19:21,560 --> 00:19:23,560 Speaker 2: read it in discord, Why go through the pain of 395 00:19:23,600 --> 00:19:27,040 Speaker 2: putting on a tie showing up on time, not partying 396 00:19:27,119 --> 00:19:30,000 Speaker 2: during the week, and get a real job when you 397 00:19:30,040 --> 00:19:33,960 Speaker 2: can trade stocks or crypto on coinbase or robinhood. 398 00:19:33,400 --> 00:19:35,080 Speaker 3: Which usually leads to disaster. 399 00:19:35,240 --> 00:19:40,600 Speaker 2: Why go through the humiliation, the effort, the rejection, showering 400 00:19:40,640 --> 00:19:43,880 Speaker 2: for God's say, its working out, having a plan, showing resilience, 401 00:19:44,320 --> 00:19:48,639 Speaker 2: approaching a stranger, and expressing romantic interest when you have porn. 402 00:19:49,400 --> 00:19:52,200 Speaker 2: The scariest stat I've seen is that fifty one percent 403 00:19:52,359 --> 00:19:54,480 Speaker 2: of American men age eighteen to twenty four, I've never 404 00:19:54,480 --> 00:19:57,439 Speaker 2: asked a woman out in person, So I think the 405 00:19:57,480 --> 00:19:58,440 Speaker 2: America today. 406 00:19:59,119 --> 00:20:01,240 Speaker 1: Scott, by the way, just because I can't help it, 407 00:20:01,320 --> 00:20:05,120 Speaker 1: I got two young women find the camera. Literally both 408 00:20:05,160 --> 00:20:07,959 Speaker 1: shook their head when you said that, Oh really, well 409 00:20:08,000 --> 00:20:10,520 Speaker 1: give me I mean they literally and now they're laughing, 410 00:20:10,600 --> 00:20:15,200 Speaker 1: but nervously. I mean that's that was very powerful stat 411 00:20:15,320 --> 00:20:17,040 Speaker 1: you just gave, and it was powerful. 412 00:20:17,040 --> 00:20:21,520 Speaker 2: Their response, Well, look, I think a lot about masculinity 413 00:20:21,520 --> 00:20:26,000 Speaker 2: in America, and the reality is back in the eighties, 414 00:20:28,440 --> 00:20:36,760 Speaker 2: you know, America loved unremarkable people. And it feels as 415 00:20:36,760 --> 00:20:39,760 Speaker 2: if America has fallen out of love with the unremarkable. 416 00:20:40,520 --> 00:20:43,760 Speaker 2: That the objective of higher ed and America is to 417 00:20:43,800 --> 00:20:46,639 Speaker 2: try and identify a superclass and turn them into billionaires 418 00:20:46,680 --> 00:20:49,520 Speaker 2: instead of giving the bottom ninety nine a chance to 419 00:20:49,520 --> 00:20:53,639 Speaker 2: be millionaires and to find someone, fall in love, have kids, 420 00:20:53,720 --> 00:20:55,200 Speaker 2: you know, all the. 421 00:20:55,160 --> 00:20:58,520 Speaker 3: Profound shit, right. And I worry the young men who. 422 00:20:58,320 --> 00:21:02,640 Speaker 2: Are especially susceptible, that these algorithms are kind of losing. 423 00:21:02,680 --> 00:21:05,320 Speaker 2: They've lost a lot of on ramps into the middle class. 424 00:21:06,040 --> 00:21:09,840 Speaker 2: And we aren't producing enough economically and emotionally viable men. 425 00:21:10,359 --> 00:21:13,439 Speaker 2: And who wants more economically and emotionally viable men women? 426 00:21:15,960 --> 00:21:17,720 Speaker 2: Sixty percent of thirty year olds who just have a 427 00:21:17,800 --> 00:21:21,240 Speaker 2: kid in the household now it's twenty seven percent. I 428 00:21:21,320 --> 00:21:23,320 Speaker 2: coach a lot of young men, and I think between 429 00:21:23,320 --> 00:21:27,280 Speaker 2: these algorithms the lack of jobs. Quite frankly, they're just 430 00:21:27,320 --> 00:21:31,119 Speaker 2: not Their prefrontal cortex isn't developing. They're less mature. Seventy 431 00:21:31,160 --> 00:21:34,840 Speaker 2: percent of high school valedictorians or girls, women own more 432 00:21:34,880 --> 00:21:36,679 Speaker 2: homes in single. 433 00:21:36,440 --> 00:21:37,080 Speaker 3: Women than men. 434 00:21:37,160 --> 00:21:39,360 Speaker 2: Now in urban centers under the age of thirty, women 435 00:21:39,359 --> 00:21:41,720 Speaker 2: are making more money. And by the way, that is 436 00:21:41,760 --> 00:21:45,440 Speaker 2: a collective victory. They deserve it. They're working harder, they're 437 00:21:45,440 --> 00:21:48,560 Speaker 2: studying harder, they got their shit together they deserve more money. 438 00:21:49,200 --> 00:21:53,520 Speaker 2: The problem is is that without women to have an 439 00:21:53,560 --> 00:21:56,520 Speaker 2: honest conversation around household formation and mate and we have 440 00:21:56,560 --> 00:21:58,720 Speaker 2: to have an honest conversation, and that is women tend 441 00:21:58,720 --> 00:22:02,600 Speaker 2: to meet sociation economically horizontally and up, men horizontally and down. 442 00:22:03,160 --> 00:22:06,000 Speaker 2: And so when the pool, the viable pool of male 443 00:22:06,200 --> 00:22:09,879 Speaker 2: mates that's horizontaled up, keeps shrinking, there's a lack of 444 00:22:09,880 --> 00:22:15,320 Speaker 2: household formation. And what's interesting is that women without a 445 00:22:15,359 --> 00:22:19,440 Speaker 2: relationship oftentimes pour that additional energy into their friend network 446 00:22:19,520 --> 00:22:22,280 Speaker 2: and into work. When men under the age of thirty 447 00:22:22,280 --> 00:22:24,920 Speaker 2: don't have a relationship, they oftentimes pour that energy into 448 00:22:25,000 --> 00:22:30,000 Speaker 2: video games, porn and sequestering from society, conspiracy theory. They 449 00:22:30,000 --> 00:22:32,719 Speaker 2: start blaming women for their problems. They become much more 450 00:22:32,800 --> 00:22:36,840 Speaker 2: prone to misogynistic content. They start blaming immigrants for their 451 00:22:36,920 --> 00:22:40,760 Speaker 2: lack of economic viability. They become very nationalists, and some 452 00:22:40,880 --> 00:22:44,160 Speaker 2: they turn into really shitty citizens. And if a man 453 00:22:44,240 --> 00:22:46,640 Speaker 2: doesn't have a relationship by the time, if he's never 454 00:22:46,680 --> 00:22:50,000 Speaker 2: cohabitated or been married by the time he's thirty, there's 455 00:22:50,040 --> 00:22:51,480 Speaker 2: a one in three chance he's going to be a 456 00:22:51,520 --> 00:22:55,439 Speaker 2: substance abuser. And some women used to need relationships for 457 00:22:55,520 --> 00:22:58,240 Speaker 2: financial support, they no longer need it. Men have always 458 00:22:58,320 --> 00:23:02,680 Speaker 2: needed relationships for emotional support, and without that emotional support, 459 00:23:03,080 --> 00:23:05,000 Speaker 2: they kind of come off the tracks. And I'm not 460 00:23:05,040 --> 00:23:07,880 Speaker 2: suggesting in any way women lower their standards. What I'm 461 00:23:07,880 --> 00:23:11,520 Speaker 2: suggesting is men need to level up, and we also 462 00:23:11,600 --> 00:23:13,919 Speaker 2: need to recognize it. Unless we give more money to 463 00:23:14,000 --> 00:23:16,399 Speaker 2: young people who are twenty four percent less wealthier than 464 00:23:16,440 --> 00:23:19,199 Speaker 2: they were forty years ago, and old people are seventy 465 00:23:19,200 --> 00:23:22,800 Speaker 2: two percent wealthier. Unless we level up all young people 466 00:23:23,400 --> 00:23:26,680 Speaker 2: and create more opportunities for people to meet, to fall 467 00:23:26,680 --> 00:23:28,040 Speaker 2: in love, and to do what I think is the 468 00:23:28,080 --> 00:23:30,919 Speaker 2: most profoundly rewarding thing, and that has raised children with 469 00:23:30,960 --> 00:23:33,679 Speaker 2: someone you care about and have a reasonable chance of 470 00:23:33,720 --> 00:23:37,399 Speaker 2: having a home and not being one of the forty 471 00:23:37,400 --> 00:23:39,400 Speaker 2: percent of households that have medical or dental debt. 472 00:23:39,960 --> 00:23:41,119 Speaker 3: Then what is all of this for. 473 00:23:42,280 --> 00:23:46,040 Speaker 2: There's been more shareholder value created in a ten mile 474 00:23:46,160 --> 00:23:48,640 Speaker 2: radius of SFO International Airport in the last three years 475 00:23:48,680 --> 00:23:50,600 Speaker 2: than it's created in Europe in the last thirty years. 476 00:23:50,640 --> 00:23:54,000 Speaker 2: But we can't afford to give people a middle class lifestyle. 477 00:23:54,240 --> 00:23:57,240 Speaker 2: And I think all of these things are conscious choices 478 00:23:57,240 --> 00:24:01,159 Speaker 2: we've made. But going back to this notion, and you know, 479 00:24:01,200 --> 00:24:05,480 Speaker 2: I had the opportunity to meet people. I had the 480 00:24:05,520 --> 00:24:08,040 Speaker 2: opportunity to get jobs. I had the opportunity to get 481 00:24:08,040 --> 00:24:10,080 Speaker 2: a cheap education. I had the opportunity when I bought 482 00:24:10,119 --> 00:24:13,399 Speaker 2: that house in San Francisco. When I graduated from Berkeley, 483 00:24:13,440 --> 00:24:16,280 Speaker 2: it was one hundred thousand dollars average comp average house 484 00:24:16,320 --> 00:24:18,359 Speaker 2: in San Francisco costs two hundred and eighty thousand. Now 485 00:24:18,400 --> 00:24:20,679 Speaker 2: the comp out of has is two hundred great money, 486 00:24:20,920 --> 00:24:23,359 Speaker 2: but the average house costs two point one million, So 487 00:24:23,400 --> 00:24:26,240 Speaker 2: it's gone from two point eight to ten times. Minimum 488 00:24:26,320 --> 00:24:28,879 Speaker 2: wage is stuck at seven twenty five. The Nasdaq has 489 00:24:28,920 --> 00:24:31,639 Speaker 2: gone up sevenfold, minimum wage has gone up zero percent. 490 00:24:32,520 --> 00:24:35,679 Speaker 2: Every year, we transfer one point trillion dollars from people 491 00:24:35,760 --> 00:24:37,959 Speaker 2: under the age of sixty five to the wealthiest generation 492 00:24:38,040 --> 00:24:40,880 Speaker 2: in the history of the planet, to Social Security recipients. 493 00:24:40,880 --> 00:24:43,040 Speaker 2: And I'm not suggesting we do away with Social Security, 494 00:24:43,359 --> 00:24:45,160 Speaker 2: but Governor, neither you nor me should. 495 00:24:44,920 --> 00:24:46,240 Speaker 3: Ever get Social Security. 496 00:24:46,320 --> 00:24:49,720 Speaker 2: So I feel as if we've consciously transferred money from 497 00:24:49,720 --> 00:24:52,840 Speaker 2: the young to the old, made it more competitive. Women 498 00:24:52,880 --> 00:24:56,399 Speaker 2: are thriving, that's outstanding. The young men are struggling, and 499 00:24:56,440 --> 00:24:59,639 Speaker 2: I think we're finally having a productive dialogue because the 500 00:25:00,000 --> 00:25:02,200 Speaker 2: people who are finally not finally, the people are most 501 00:25:02,200 --> 00:25:05,120 Speaker 2: supportive of my work now it's changed totally, are mothers, 502 00:25:05,960 --> 00:25:08,000 Speaker 2: and what they realize is that the nation and women 503 00:25:08,040 --> 00:25:10,679 Speaker 2: aren't going to continue to flourish as long as men 504 00:25:10,720 --> 00:25:14,760 Speaker 2: are flailing and our young men are failing. Governor four 505 00:25:14,760 --> 00:25:17,640 Speaker 2: times is likely to kill themselves, three times is likely 506 00:25:17,680 --> 00:25:20,920 Speaker 2: to be addicted, twelve times is likely to be incarcerated. 507 00:25:21,040 --> 00:25:23,199 Speaker 2: Do we have an opiate crisis? Do we have a 508 00:25:23,200 --> 00:25:27,080 Speaker 2: homeless crisis? Yes, but we really have a male opiate 509 00:25:27,560 --> 00:25:30,960 Speaker 2: and homeless crisis. And if any other special interest group 510 00:25:31,640 --> 00:25:35,080 Speaker 2: was killing themselves at four times the rate is the 511 00:25:35,080 --> 00:25:38,960 Speaker 2: control group, we would weigh in with programs. But instead, 512 00:25:39,080 --> 00:25:42,720 Speaker 2: because of our generation, where so much was prosperity was 513 00:25:42,760 --> 00:25:46,560 Speaker 2: crammed into a small number of people, specifically white heterosexual males, 514 00:25:47,080 --> 00:25:49,760 Speaker 2: we want to punish the nineteen year old male for 515 00:25:49,920 --> 00:25:54,080 Speaker 2: our blessings, and understandably there's a gag reflex because we've 516 00:25:54,119 --> 00:25:56,800 Speaker 2: had a three thousand year head start. But the nineteen 517 00:25:56,840 --> 00:26:00,680 Speaker 2: year old man whose mom's addicted to opiate, it's his 518 00:26:00,800 --> 00:26:04,400 Speaker 2: father's incarcerated, who has no on ramps into a middle class. 519 00:26:05,000 --> 00:26:06,520 Speaker 2: I mean, do you really want them to pay the 520 00:26:06,560 --> 00:26:09,240 Speaker 2: price for the benefit and the privilege that the two 521 00:26:09,240 --> 00:26:12,520 Speaker 2: of us have received. There's a lack of empathy, and 522 00:26:12,600 --> 00:26:14,880 Speaker 2: this is not a zero sum game. Civil Rights didn't 523 00:26:14,880 --> 00:26:19,000 Speaker 2: hear why people game marriage didn't hurt heteronormative marriage. If 524 00:26:19,040 --> 00:26:21,119 Speaker 2: we level up our young people, it's not going to 525 00:26:21,160 --> 00:26:23,600 Speaker 2: take away from the incredible progress women have made. 526 00:26:23,920 --> 00:26:27,840 Speaker 1: Scot When did you start to really see this trend? 527 00:26:27,920 --> 00:26:30,159 Speaker 1: When did you start? I mean your work on this. 528 00:26:30,320 --> 00:26:32,959 Speaker 1: You're doing a new book on Notes on being a 529 00:26:33,000 --> 00:26:37,000 Speaker 1: Man and obviously talking a lot about it. I'm personally 530 00:26:37,240 --> 00:26:40,040 Speaker 1: been very attached to this issue. My wife has done 531 00:26:40,119 --> 00:26:43,560 Speaker 1: a number of documentaries, one on the miss and underrepresentation 532 00:26:43,600 --> 00:26:45,920 Speaker 1: of women and girls ten years ago, right, yeah, ten 533 00:26:46,000 --> 00:26:49,880 Speaker 1: years But then immediately did one called the masculinbing about masculinity, 534 00:26:50,359 --> 00:26:54,520 Speaker 1: and this was pre Trump, and she really to your point, 535 00:26:54,720 --> 00:26:59,080 Speaker 1: she came at it as a parent and the challenges 536 00:26:59,119 --> 00:27:02,400 Speaker 1: and the difference between we have two boys and two girls, 537 00:27:02,760 --> 00:27:06,880 Speaker 1: and so I've long appreciated this topic. It's a difficult 538 00:27:06,880 --> 00:27:08,159 Speaker 1: one politically, and I want to get to that in 539 00:27:08,160 --> 00:27:10,439 Speaker 1: a minute. And I think you started to unpack some 540 00:27:10,480 --> 00:27:13,479 Speaker 1: of that. But when did you personally really start to 541 00:27:13,520 --> 00:27:16,280 Speaker 1: see this and realize we need to talk about it more. 542 00:27:17,560 --> 00:27:19,880 Speaker 3: You know, it wasn't any specific moment or epiphany. 543 00:27:19,880 --> 00:27:21,720 Speaker 2: It was I love data, and the data here was 544 00:27:21,760 --> 00:27:24,679 Speaker 2: just overwhelming when you just saw what was happening to 545 00:27:24,960 --> 00:27:27,680 Speaker 2: college attendance. It used to be forty sixty, now it's 546 00:27:27,680 --> 00:27:31,520 Speaker 2: sixty forty. It's probably going to be two to one 547 00:27:31,760 --> 00:27:34,040 Speaker 2: female to male college grads the next five years because 548 00:27:34,040 --> 00:27:35,960 Speaker 2: men drop out, so there's literally going to be two 549 00:27:35,960 --> 00:27:37,800 Speaker 2: college literally college crowds. 550 00:27:38,200 --> 00:27:41,399 Speaker 1: I literally had a CSU conversation along those lines, literally 551 00:27:41,440 --> 00:27:41,920 Speaker 1: two to one. 552 00:27:42,080 --> 00:27:46,040 Speaker 2: Yeah. And then you look at just some of the dynamics. 553 00:27:46,119 --> 00:27:49,840 Speaker 2: Around one out of three men under the age of 554 00:27:49,880 --> 00:27:52,240 Speaker 2: thirty is in a relationship. Too out of three women 555 00:27:52,359 --> 00:27:53,960 Speaker 2: under the age of thirty is in a relationship, and 556 00:27:53,960 --> 00:27:57,520 Speaker 2: you think, well, that's mathematically impossible. It's not because women 557 00:27:57,560 --> 00:28:01,440 Speaker 2: are dating older because they want more economically viable men. 558 00:28:02,480 --> 00:28:06,120 Speaker 2: One in three men under the age of thirty under 559 00:28:06,160 --> 00:28:08,000 Speaker 2: the age of twenty five is living with their parents. 560 00:28:08,040 --> 00:28:10,000 Speaker 2: One in five at the age of thirty is living 561 00:28:10,040 --> 00:28:13,480 Speaker 2: with their parents. So you see, you just see the 562 00:28:13,560 --> 00:28:16,560 Speaker 2: data so overwhelming and just on a personal note, Governor. 563 00:28:17,320 --> 00:28:20,480 Speaker 2: I just relate to these young men. I could think, 564 00:28:20,640 --> 00:28:22,320 Speaker 2: I think to myself, had it not been for the 565 00:28:22,359 --> 00:28:25,320 Speaker 2: generosity of California taxpayers and the regents of the University 566 00:28:25,320 --> 00:28:28,520 Speaker 2: of California, and the irrational passion for my well being 567 00:28:28,560 --> 00:28:31,800 Speaker 2: and my mother, and the fact that the tax policy 568 00:28:31,800 --> 00:28:36,199 Speaker 2: and economic policy gave me just this upward spiral, you know, 569 00:28:36,240 --> 00:28:38,480 Speaker 2: there for the grace of God go I. I relate 570 00:28:38,520 --> 00:28:41,560 Speaker 2: to these young men. I don't think that you know 571 00:28:41,600 --> 00:28:46,000 Speaker 2: as you when you're younger, you you like to you 572 00:28:46,080 --> 00:28:49,600 Speaker 2: credit your you credit your grit and your character for 573 00:28:49,680 --> 00:28:53,280 Speaker 2: your success. My origin story up until the age of 574 00:28:53,280 --> 00:28:55,840 Speaker 2: forty was check out my shit. I was raised by 575 00:28:55,920 --> 00:28:58,640 Speaker 2: sam la'mi grandmother. Now I'm a baller and you know, 576 00:28:58,920 --> 00:29:01,360 Speaker 2: aren't just smell me? And then as you get older, 577 00:29:01,360 --> 00:29:04,520 Speaker 2: you realize a lot of your success is and your fault. 578 00:29:05,680 --> 00:29:07,760 Speaker 2: If had I not been born in California, a white, 579 00:29:07,800 --> 00:29:11,280 Speaker 2: heterosexual male, am I you know in the sixties, I 580 00:29:11,320 --> 00:29:12,960 Speaker 2: just don't think I'd be here. And by the way, 581 00:29:13,000 --> 00:29:15,320 Speaker 2: I'm not humble. I think I'm a fucking monster. I 582 00:29:15,320 --> 00:29:17,320 Speaker 2: think I'm in the top one percent, but the top 583 00:29:17,400 --> 00:29:19,920 Speaker 2: one percent of this on this planet puts in a 584 00:29:20,000 --> 00:29:22,360 Speaker 2: room of seventy five million people, my life is better 585 00:29:22,440 --> 00:29:24,280 Speaker 2: than the top seven and a half at least. And 586 00:29:24,320 --> 00:29:26,560 Speaker 2: that's because my smartest thing I ever did was to 587 00:29:26,600 --> 00:29:30,680 Speaker 2: be born in America, specifically in California, and I realized 588 00:29:30,720 --> 00:29:33,120 Speaker 2: that a lot of those features that really lifted me 589 00:29:33,200 --> 00:29:36,040 Speaker 2: up by the scrap of Mayac and flung me forward 590 00:29:36,040 --> 00:29:39,840 Speaker 2: at the speed of sound into prosperity, that hand is 591 00:29:39,880 --> 00:29:44,000 Speaker 2: getting weaker and weaker. So one, the data is overwhelming, 592 00:29:44,120 --> 00:29:46,520 Speaker 2: and two, I just really relate to these young men. 593 00:29:46,600 --> 00:29:47,200 Speaker 3: I was there. 594 00:29:47,360 --> 00:29:50,680 Speaker 2: I didn't have a lot of economic or romantic prospects, 595 00:29:51,440 --> 00:29:54,360 Speaker 2: and things worked out for me because our nation decided 596 00:29:54,360 --> 00:29:57,320 Speaker 2: that it loved the unremarkable, and I just I worry 597 00:29:57,320 --> 00:29:58,400 Speaker 2: that's no longer the case. 598 00:30:06,280 --> 00:30:09,960 Speaker 4: Hi, I'm Anthony Scaramucci, former White House Director of Communications 599 00:30:10,000 --> 00:30:12,800 Speaker 4: and Wall Street financier. You might have caught me on 600 00:30:12,840 --> 00:30:16,120 Speaker 4: a recent episode of This is Gavin Newsom. If you 601 00:30:16,320 --> 00:30:18,520 Speaker 4: like that, I think you'll enjoy my own podcast, The 602 00:30:18,600 --> 00:30:22,920 Speaker 4: Rest Is Politics Us. Alongside journalist Caddy k we go 603 00:30:23,000 --> 00:30:25,880 Speaker 4: behind the scenes of politics, from the chaos of the 604 00:30:25,920 --> 00:30:30,000 Speaker 4: West Wing to the forces shaping the world's most powerful economy. 605 00:30:30,200 --> 00:30:33,000 Speaker 4: I was in the Trump White House for eleven wild 606 00:30:33,080 --> 00:30:36,200 Speaker 4: days and Caddy's been reporting on US politics for nearly 607 00:30:36,280 --> 00:30:40,560 Speaker 4: thirty years. We bring sharp insight, real stories, and maybe 608 00:30:40,560 --> 00:30:43,960 Speaker 4: a few secrets you haven't heard before. Search the rest 609 00:30:44,040 --> 00:30:46,920 Speaker 4: is politics US. Wherever you get your podcasts, hope to 610 00:30:46,920 --> 00:30:48,000 Speaker 4: see you over there. 611 00:30:49,280 --> 00:30:52,560 Speaker 1: You've highlighted I think four x the housing costs, two 612 00:30:52,720 --> 00:30:58,240 Speaker 1: x the educational costs. Paychecks now declining and exacerbating these 613 00:30:58,240 --> 00:31:01,720 Speaker 1: conditions in this sort of generational shift that you highlighted 614 00:31:01,880 --> 00:31:05,000 Speaker 1: as it relates to seniors doing better and this generation, 615 00:31:05,160 --> 00:31:08,720 Speaker 1: younger generation doing worse for the first time in American 616 00:31:08,840 --> 00:31:12,840 Speaker 1: history than their parents' generation. What is that I want 617 00:31:12,880 --> 00:31:13,280 Speaker 1: to connect? 618 00:31:13,440 --> 00:31:13,640 Speaker 3: Is it? 619 00:31:13,760 --> 00:31:16,840 Speaker 1: Do you connect any of the dots in our conversation 620 00:31:16,960 --> 00:31:19,680 Speaker 1: around terras. Do you connect any dots as it relates 621 00:31:19,720 --> 00:31:24,840 Speaker 1: to de industrialization, Do connect any dots to any substantive 622 00:31:24,920 --> 00:31:28,240 Speaker 1: policy decisions that were made in the United States of America? 623 00:31:28,400 --> 00:31:32,360 Speaker 1: Or was it just a broader neglect and focus on 624 00:31:32,440 --> 00:31:36,320 Speaker 1: what made America great? Was it a lack of intentionality 625 00:31:36,600 --> 00:31:40,440 Speaker 1: in subsidizing higher education? Was a lack of focus on 626 00:31:40,720 --> 00:31:44,440 Speaker 1: yimbiism versus NIMBYism? As relates to housing and the imperative 627 00:31:44,440 --> 00:31:46,760 Speaker 1: there was what was there? Was there something that you 628 00:31:46,800 --> 00:31:49,840 Speaker 1: really connect as a moment? Was it in the simple 629 00:31:49,920 --> 00:31:53,560 Speaker 1: terms that often are painted in politics, Reaganomics and trickle 630 00:31:53,600 --> 00:31:58,240 Speaker 1: down economics in a broader sort of decoupling of commitment 631 00:31:59,000 --> 00:31:59,800 Speaker 1: to the social well. 632 00:32:01,640 --> 00:32:03,640 Speaker 2: So a lot there, but a couple of things that 633 00:32:03,680 --> 00:32:07,080 Speaker 2: it isn't. A couple of reasons that didn't inspire this 634 00:32:07,840 --> 00:32:11,480 Speaker 2: decline in the prosperity of young people of the American male. 635 00:32:12,440 --> 00:32:15,320 Speaker 2: The first is that manufacturing has gone away, and that's 636 00:32:15,360 --> 00:32:18,720 Speaker 2: the problem. As manufacturing has gone away in the seventies, 637 00:32:18,800 --> 00:32:22,400 Speaker 2: we've had more overall prosperity. Americans aren't looking. You know, 638 00:32:22,480 --> 00:32:25,560 Speaker 2: Stave Chappelle said, we want to wear nikes, not make them. 639 00:32:25,960 --> 00:32:28,160 Speaker 2: You know, the notion that we're going to have the 640 00:32:28,160 --> 00:32:30,160 Speaker 2: biggest own goal in history so we can bring more 641 00:32:30,720 --> 00:32:32,640 Speaker 2: manufacturing and microwaves back. 642 00:32:32,480 --> 00:32:33,480 Speaker 3: It's just stupid. 643 00:32:33,560 --> 00:32:37,120 Speaker 2: The average assembly line worker for Fox Con working for 644 00:32:37,160 --> 00:32:39,600 Speaker 2: Apple makes five hundred dollars a month or six thousand 645 00:32:39,640 --> 00:32:42,360 Speaker 2: dollars a year in China. The average executive at Apple 646 00:32:42,360 --> 00:32:44,680 Speaker 2: headquarters makes over two hundred thousand dollars a year. We 647 00:32:44,720 --> 00:32:49,360 Speaker 2: have purposely traded off manufacturing for higher growth technology systems 648 00:32:49,400 --> 00:32:50,480 Speaker 2: services jobs. 649 00:32:50,720 --> 00:32:53,040 Speaker 1: So do you make the case that's not it, then, 650 00:32:53,120 --> 00:32:55,680 Speaker 1: I mean, that's notton. 651 00:32:55,720 --> 00:32:57,600 Speaker 2: We're still the second largest manufacturing in the world. We've 652 00:32:57,640 --> 00:33:01,800 Speaker 2: just outsourced the shitty manufacturing work. Have we left some 653 00:33:01,840 --> 00:33:02,440 Speaker 2: people behind? 654 00:33:02,520 --> 00:33:03,840 Speaker 3: Unfairly? Sure? 655 00:33:04,000 --> 00:33:06,960 Speaker 2: Eighty percent Americans want more manufacturing. Only one in five 656 00:33:07,040 --> 00:33:10,200 Speaker 2: one actually work in manufacturing. You can't take your dog 657 00:33:10,320 --> 00:33:12,960 Speaker 2: to the shop floor to the plant at Lansing, Michigan. 658 00:33:13,880 --> 00:33:18,120 Speaker 2: Everyone loves the idea of manufacturing. People want to design software. 659 00:33:18,160 --> 00:33:19,800 Speaker 2: They want to be in the services industry. They want 660 00:33:19,800 --> 00:33:22,960 Speaker 2: to be an associated JP Morgan and not not tooling 661 00:33:23,680 --> 00:33:28,240 Speaker 2: or making batteries somewhere. The ascent of women has been wonderful. 662 00:33:28,240 --> 00:33:30,160 Speaker 2: It has not come at the cross, It has not 663 00:33:30,200 --> 00:33:33,040 Speaker 2: come at the cost of men. I think there's a 664 00:33:33,120 --> 00:33:35,200 Speaker 2: variety of things that are going on here. One just 665 00:33:35,400 --> 00:33:38,840 Speaker 2: biological men mature are less fast. And when we even 666 00:33:38,880 --> 00:33:41,680 Speaker 2: the playing field in academia, women blue by men, I 667 00:33:41,680 --> 00:33:45,280 Speaker 2: would argue that the educational system is now biased against men. 668 00:33:46,320 --> 00:33:48,560 Speaker 2: A boy is twice as likely to be suspended on 669 00:33:48,600 --> 00:33:51,760 Speaker 2: a behavioral adjusted basis exact sand infraction, A black boy 670 00:33:51,880 --> 00:33:54,440 Speaker 2: five times as likely look at the behaviors that we 671 00:33:54,520 --> 00:33:57,600 Speaker 2: promote in school. Sid still be organized, be a pleased, 672 00:33:57,680 --> 00:34:02,320 Speaker 2: or raise your hand. You're basically describing a girl you have. Woodshop, 673 00:34:02,360 --> 00:34:05,200 Speaker 2: metal shop, and autoshop have gone away, so the online 674 00:34:05,360 --> 00:34:08,680 Speaker 2: kind of the on rams to a vocational job are 675 00:34:08,719 --> 00:34:11,520 Speaker 2: not as clear. We all knew that guy in high school. 676 00:34:11,520 --> 00:34:13,040 Speaker 2: There was no way he was going to college, but 677 00:34:13,040 --> 00:34:16,240 Speaker 2: he was fixing up his trans am in his driveway 678 00:34:16,400 --> 00:34:18,319 Speaker 2: and he could go to work making thirty or forty 679 00:34:18,320 --> 00:34:21,000 Speaker 2: bucks an hour as a mechanic. Now that path, that 680 00:34:21,080 --> 00:34:25,200 Speaker 2: vocational path, those jobs are there, but sociologically we sort 681 00:34:25,200 --> 00:34:27,960 Speaker 2: of shame those jobs, and we tell parents you've failed. 682 00:34:28,560 --> 00:34:30,200 Speaker 2: If your kid is one of the two thirds of 683 00:34:30,320 --> 00:34:34,120 Speaker 2: kids that doesn't get in doesn't get into college. 684 00:34:34,640 --> 00:34:39,600 Speaker 3: We've seen, you know. I would call a lot of 685 00:34:39,600 --> 00:34:43,279 Speaker 3: mixed messaging to young men that pull up. 686 00:34:43,200 --> 00:34:45,839 Speaker 2: Yourself, you know, pull yourself up by your boots if 687 00:34:45,880 --> 00:34:47,960 Speaker 2: you're only more in touch with your feelings. I think 688 00:34:48,000 --> 00:34:52,520 Speaker 2: that modern masculinity from the right is be coarse and cruel, 689 00:34:52,840 --> 00:34:53,960 Speaker 2: and from the left it's. 690 00:34:53,800 --> 00:34:55,920 Speaker 3: Be more like a woman. I don't think either of 691 00:34:55,960 --> 00:34:56,640 Speaker 3: those is right. 692 00:34:56,960 --> 00:35:00,200 Speaker 2: I still think there's opportunity for men to embrace masculinity, 693 00:35:02,040 --> 00:35:05,080 Speaker 2: you know, being strong, being physically strong, being risk aggressive, 694 00:35:05,120 --> 00:35:08,719 Speaker 2: initiating romantic contact, being aggressive around trying to get a 695 00:35:08,800 --> 00:35:12,480 Speaker 2: job you're not qualified for taking risks. I think these 696 00:35:12,520 --> 00:35:15,520 Speaker 2: are wonderful at being kind, being a protector, your default 697 00:35:15,520 --> 00:35:18,080 Speaker 2: system as a protector. So I think young men have 698 00:35:18,120 --> 00:35:21,120 Speaker 2: gotten a lot of a lot of mixed messages. More 699 00:35:21,160 --> 00:35:25,280 Speaker 2: than anything, we have made the conscious decision to transfer 700 00:35:25,400 --> 00:35:27,680 Speaker 2: money from young to old. Old people have figured out 701 00:35:27,719 --> 00:35:29,640 Speaker 2: a way to vote themselves more money, and they continue 702 00:35:29,680 --> 00:35:31,920 Speaker 2: to do it. The forty billion dollar child tax credit 703 00:35:31,920 --> 00:35:34,479 Speaker 2: gets stripped out of the infrastructure bill, the one hundred 704 00:35:34,480 --> 00:35:37,040 Speaker 2: and thirty billion dollar increase in cost of living adjustment 705 00:35:37,040 --> 00:35:41,280 Speaker 2: for seniors flies right through Congress because old people vote. 706 00:35:41,480 --> 00:35:44,520 Speaker 2: And it's just insane to me that we have the 707 00:35:44,640 --> 00:35:49,080 Speaker 2: largest economic transfer in history annually happen, every being done 708 00:35:49,120 --> 00:35:50,719 Speaker 2: in twelve months from young to old. There used to 709 00:35:50,719 --> 00:35:53,360 Speaker 2: be twelve people supporting every retired worker, now there's three. 710 00:35:53,560 --> 00:35:57,560 Speaker 2: We haven't raised the age. All this nonsense around Doge. 711 00:35:58,040 --> 00:35:59,680 Speaker 2: You know they save two and a half billion dollars. 712 00:35:59,680 --> 00:36:01,880 Speaker 2: You could six sax of Doge by cutting off all 713 00:36:01,880 --> 00:36:05,160 Speaker 2: subsidies to Tesla it's if you really want to be 714 00:36:05,160 --> 00:36:07,879 Speaker 2: an adult here about the fact that we're spending seven 715 00:36:08,000 --> 00:36:09,680 Speaker 2: trillion on five trillion revenues. 716 00:36:09,800 --> 00:36:11,080 Speaker 3: There's only two things you can do. 717 00:36:11,480 --> 00:36:13,440 Speaker 2: You're gonna have to go after entitlements and you're going 718 00:36:13,480 --> 00:36:15,440 Speaker 2: to or you're gonna have to raise taxes. And the 719 00:36:15,520 --> 00:36:18,120 Speaker 2: answer is yes. At some point, we're going to need 720 00:36:18,120 --> 00:36:21,160 Speaker 2: an adult that says, I'm sorry, folks, we have to 721 00:36:21,200 --> 00:36:23,279 Speaker 2: do both. I'm the person that's going to cut your 722 00:36:23,400 --> 00:36:26,560 Speaker 2: entitlements or at least means tested and age gate it, 723 00:36:27,239 --> 00:36:28,080 Speaker 2: and I'm going to have. 724 00:36:28,040 --> 00:36:29,080 Speaker 3: To raise your taxes. 725 00:36:29,200 --> 00:36:32,080 Speaker 2: And what we've decided is the people who vote and 726 00:36:32,080 --> 00:36:35,280 Speaker 2: the wealthiest people. Taxes for incorporations are at their lowest 727 00:36:35,320 --> 00:36:38,960 Speaker 2: level since nineteen twenty nine. The twenty five wealthiest Americans 728 00:36:39,000 --> 00:36:41,359 Speaker 2: are paying six percent of taxes. And we like to 729 00:36:41,400 --> 00:36:44,800 Speaker 2: think that, oh, we can't lower taxes, they're too high. 730 00:36:45,000 --> 00:36:48,520 Speaker 2: There's a strange dynamic in the US whereas the people 731 00:36:48,520 --> 00:36:50,920 Speaker 2: who get most screwed by our tax code are not 732 00:36:50,960 --> 00:36:55,120 Speaker 2: only young people, but well, let's just stop. There two 733 00:36:55,160 --> 00:36:58,719 Speaker 2: biggest tax deductions mortgage interest rate and capital gains. Who 734 00:36:58,760 --> 00:37:01,319 Speaker 2: owns stocks and homes, people age, who rents and makes 735 00:37:01,360 --> 00:37:05,319 Speaker 2: some money from salary. Young people social Security tax. My 736 00:37:05,440 --> 00:37:07,680 Speaker 2: analyst who works for me makes one hundred and sixty grand, 737 00:37:08,239 --> 00:37:10,520 Speaker 2: pays nine grand to earn social Security tax. I make 738 00:37:10,600 --> 00:37:14,120 Speaker 2: substantially more than that, and I pay nine grand because 739 00:37:14,120 --> 00:37:17,000 Speaker 2: we've decided to cap it such that it's a regressive tax, 740 00:37:17,880 --> 00:37:20,959 Speaker 2: so we keep transferring more and more money to the old. 741 00:37:21,320 --> 00:37:25,280 Speaker 2: And what you know, young people aren't economically it's economically viable, 742 00:37:25,320 --> 00:37:28,040 Speaker 2: which is more important for a man. Three quarters of 743 00:37:28,040 --> 00:37:30,319 Speaker 2: women's say economic viability is important in a mate. Only 744 00:37:30,360 --> 00:37:33,279 Speaker 2: one in four men say that it's important. So we 745 00:37:33,840 --> 00:37:39,600 Speaker 2: essentially have just the most depressed, obese, and anxious generation 746 00:37:39,760 --> 00:37:42,840 Speaker 2: in history, and we ask ourselves why. 747 00:37:42,960 --> 00:37:44,440 Speaker 3: Well, of course they're upset. 748 00:37:44,560 --> 00:37:46,680 Speaker 2: They're not doing as well as their parents. They can't 749 00:37:46,719 --> 00:37:49,560 Speaker 2: find a mate. There aren't as many venues to meet. 750 00:37:50,080 --> 00:37:52,600 Speaker 2: They meet online where they type in six feet or 751 00:37:52,640 --> 00:37:55,600 Speaker 2: one hundred thousand dollars plus. If you take out married, 752 00:37:55,680 --> 00:37:58,600 Speaker 2: obese and men under the age over the age of fifty, 753 00:37:58,640 --> 00:38:01,960 Speaker 2: that's two percent of the male popular. Men need a 754 00:38:02,000 --> 00:38:06,520 Speaker 2: place to demonstrate excellence. If you talk to couples that 755 00:38:06,600 --> 00:38:08,800 Speaker 2: have been married longer than thirty years, seventy five percent 756 00:38:08,840 --> 00:38:12,080 Speaker 2: of them say one was much more interested in the 757 00:38:12,160 --> 00:38:14,600 Speaker 2: other at the beginning, and it's almost always the male 758 00:38:14,680 --> 00:38:17,520 Speaker 2: who was more interested than the woman, because the downside 759 00:38:17,560 --> 00:38:20,800 Speaker 2: of sex is much greater for a woman than a man. 760 00:38:21,440 --> 00:38:23,600 Speaker 2: We've been taught for thousands of years to spread our 761 00:38:23,640 --> 00:38:25,480 Speaker 2: seed to the four corners of the earth. Women have 762 00:38:25,480 --> 00:38:27,320 Speaker 2: been taught for thousands of years to put up a 763 00:38:27,400 --> 00:38:30,439 Speaker 2: much finer filter to pick the strongest, smartest, and fastest seed. 764 00:38:30,480 --> 00:38:33,280 Speaker 2: And some they're just more selective. And I'm not suggesting 765 00:38:33,320 --> 00:38:36,640 Speaker 2: they should ever lower their standards, but typically what happened 766 00:38:36,680 --> 00:38:40,160 Speaker 2: in those relationships is the man had a chance to 767 00:38:40,200 --> 00:38:42,799 Speaker 2: demonstrate excellence. I worked with him, and I found out 768 00:38:42,800 --> 00:38:44,759 Speaker 2: he was really good at what he did. We went 769 00:38:44,800 --> 00:38:47,080 Speaker 2: to the same temple, and I saw how kind he 770 00:38:47,200 --> 00:38:50,360 Speaker 2: was to his parents. We spent time together, and we 771 00:38:50,440 --> 00:38:52,799 Speaker 2: worked at a food kitchen together, and I saw that 772 00:38:52,840 --> 00:38:55,239 Speaker 2: he was kind. I liked his hands, I like the 773 00:38:55,239 --> 00:38:58,120 Speaker 2: way he danced, I like the way he smelled, And 774 00:38:58,200 --> 00:39:01,800 Speaker 2: slowly but surely he raised his game in my mind, 775 00:39:02,360 --> 00:39:04,799 Speaker 2: and we fell in love and decided to have a 776 00:39:04,880 --> 00:39:08,680 Speaker 2: life together. Where does a man, a young man, demonstrate 777 00:39:08,800 --> 00:39:11,759 Speaker 2: excellence to get through that much finer filter that women have. 778 00:39:11,840 --> 00:39:14,600 Speaker 2: They're not going to work, they're not going to school. 779 00:39:15,000 --> 00:39:17,919 Speaker 2: The number of bars. I'm living in London, the number 780 00:39:17,920 --> 00:39:20,839 Speaker 2: of bars in London has declined forty percent. Kids don't 781 00:39:20,880 --> 00:39:22,959 Speaker 2: have the money and they have this anti alcohol movement. 782 00:39:23,000 --> 00:39:26,240 Speaker 2: And just so I can really act like I'm crazy, 783 00:39:26,640 --> 00:39:29,520 Speaker 2: I think young people need to drink more. I think 784 00:39:29,520 --> 00:39:32,600 Speaker 2: this anti alcohol movement is the worst thing since remote 785 00:39:32,600 --> 00:39:36,200 Speaker 2: work for young people. I tell people jokingly, you need 786 00:39:36,239 --> 00:39:38,040 Speaker 2: to go out, drink more and make a series of 787 00:39:38,040 --> 00:39:40,520 Speaker 2: bad decisions that might payoff because the risk to your 788 00:39:40,560 --> 00:39:43,279 Speaker 2: twenty five year old liver of alcohol is dwarfed by 789 00:39:43,280 --> 00:39:44,799 Speaker 2: the risks of social isolation. 790 00:39:45,200 --> 00:39:47,840 Speaker 1: Well as a guy who owns a few bars and wineries. 791 00:39:47,880 --> 00:39:50,520 Speaker 1: I'm with you Scott on that, but you're in yeah. 792 00:39:50,560 --> 00:39:50,759 Speaker 3: No. 793 00:39:50,840 --> 00:39:52,719 Speaker 1: But it's interesting. I love hearing. I mean, by the 794 00:39:52,719 --> 00:39:55,640 Speaker 1: way you've made this point about bars, it's interesting you're 795 00:39:55,719 --> 00:39:58,000 Speaker 1: sincere about it. You're not just being flipping about it. 796 00:39:58,360 --> 00:40:01,279 Speaker 1: I mean, I mean people to your point. I mean 797 00:40:01,280 --> 00:40:04,319 Speaker 1: they're more isolated, more lonely, and more disconnects. One of 798 00:40:04,440 --> 00:40:06,680 Speaker 1: I mean, we can get to solutions in a minute, 799 00:40:06,880 --> 00:40:10,800 Speaker 1: but it's actually one of your foundational principles to address 800 00:40:10,800 --> 00:40:13,920 Speaker 1: some of these issues. Not just bars. I mean social 801 00:40:14,000 --> 00:40:15,839 Speaker 1: settings that can bring people together. 802 00:40:16,040 --> 00:40:21,560 Speaker 2: Sports leagues, church, nonprofits, national service tax credits for places 803 00:40:21,600 --> 00:40:25,160 Speaker 2: that bring people together, young people together. I mean, and 804 00:40:25,160 --> 00:40:27,799 Speaker 2: I'll ask you this, Think of your closest friends, I 805 00:40:27,800 --> 00:40:29,719 Speaker 2: mean your buddies, where you get together and you just 806 00:40:29,760 --> 00:40:31,719 Speaker 2: pick up a letter m no matter how long it's 807 00:40:31,719 --> 00:40:35,040 Speaker 2: been since you've seen them. Think about your romantic relationships 808 00:40:35,040 --> 00:40:38,640 Speaker 2: in your life. Did what percentage of them? Did alcohol 809 00:40:38,719 --> 00:40:40,840 Speaker 2: play some role in your formative yours? 810 00:40:41,040 --> 00:40:41,520 Speaker 3: Exactly? 811 00:40:41,640 --> 00:40:42,160 Speaker 1: Enough said? 812 00:40:42,640 --> 00:40:43,480 Speaker 3: Enough said, there you go. 813 00:40:43,680 --> 00:40:45,799 Speaker 1: No, I mean right, I mean everybody listening. How many 814 00:40:45,800 --> 00:40:49,440 Speaker 1: people listen to your point? That's ninety plus percent of folks, right, 815 00:40:49,560 --> 00:40:50,799 Speaker 1: I imagine. 816 00:40:51,080 --> 00:40:53,960 Speaker 2: Well, and six percent of our youth are addicted to 817 00:40:54,280 --> 00:40:57,319 Speaker 2: drugs and alcohol. Twenty six percent or twenty three percent 818 00:40:57,360 --> 00:40:58,479 Speaker 2: are addicted to social media. 819 00:40:58,520 --> 00:40:59,759 Speaker 3: Where's the real problem here? 820 00:41:01,080 --> 00:41:09,560 Speaker 1: Yeah? Well said, you talked about minimum wage at seven 821 00:41:09,640 --> 00:41:12,279 Speaker 1: twenty five, and you've talked about the fact that if 822 00:41:12,320 --> 00:41:15,839 Speaker 1: you ingested for productivity and inflation, be closer to what 823 00:41:15,920 --> 00:41:19,040 Speaker 1: twenty three, twenty four or five dollars, And that you've 824 00:41:19,080 --> 00:41:22,640 Speaker 1: talked about the issues of vocation, community college. You know, 825 00:41:22,680 --> 00:41:25,719 Speaker 1: you brought up the woodshop frame and just how we 826 00:41:26,000 --> 00:41:30,239 Speaker 1: know those jobs exist, but we haven't persisted in providing 827 00:41:30,960 --> 00:41:35,560 Speaker 1: the sort of reputational support for those skills and the 828 00:41:35,600 --> 00:41:39,680 Speaker 1: actual education that we pulled away from our education system 829 00:41:39,760 --> 00:41:42,600 Speaker 1: K through twelve. What else should we be focused on 830 00:41:42,680 --> 00:41:45,600 Speaker 1: in terms of substantially trying to address this besides now 831 00:41:45,640 --> 00:41:47,279 Speaker 1: having an honest conversation about it. 832 00:41:47,840 --> 00:41:50,120 Speaker 2: Well, first off, I think you and the governor of 833 00:41:50,239 --> 00:41:52,760 Speaker 2: Washington have shown a lot of leadership around minimum wage, 834 00:41:52,760 --> 00:41:54,520 Speaker 2: and that is what we found is that the myth 835 00:41:54,600 --> 00:41:56,319 Speaker 2: that all these small businesses are going to go out 836 00:41:56,320 --> 00:41:59,000 Speaker 2: of business, it's just a myth that when you raise 837 00:41:59,040 --> 00:42:02,000 Speaker 2: minimum wage. Wonderful thing about lower middleclem households is that 838 00:42:02,000 --> 00:42:03,359 Speaker 2: when you give them a buck, they spend it all 839 00:42:03,400 --> 00:42:05,920 Speaker 2: and it creates a greater multiplier effect. And we haven't 840 00:42:05,920 --> 00:42:09,720 Speaker 2: seen a decline in businesses, economic growth, or an increase 841 00:42:09,719 --> 00:42:12,520 Speaker 2: in inflation when we raise minimum wage. So that's, in 842 00:42:12,560 --> 00:42:15,520 Speaker 2: my opinion, that's no brainer. I like to think I'm 843 00:42:15,520 --> 00:42:18,279 Speaker 2: helping the Democratic Party with messaging. I like to think 844 00:42:18,280 --> 00:42:20,840 Speaker 2: of a unifying theory of everything, and the unifying theory 845 00:42:20,840 --> 00:42:22,480 Speaker 2: of everything for me is anyone under the age of 846 00:42:22,520 --> 00:42:24,960 Speaker 2: forty that's a good person and works hard, should be 847 00:42:25,000 --> 00:42:27,960 Speaker 2: able to find someone, and should be able to raise 848 00:42:28,040 --> 00:42:30,920 Speaker 2: kids in a household without living in poverty. And the 849 00:42:30,960 --> 00:42:33,560 Speaker 2: first thing is twenty five dollars an hour minimum wage. 850 00:42:33,920 --> 00:42:36,280 Speaker 2: I don't, I just don't. It would hurt wal Mart stock, 851 00:42:36,320 --> 00:42:38,640 Speaker 2: it would hurt McDonald's stock, and it would be worth it. 852 00:42:39,800 --> 00:42:43,520 Speaker 2: I think more men in K through twelve education, if 853 00:42:43,520 --> 00:42:45,799 Speaker 2: you were to look reverse engineered to the single point 854 00:42:45,800 --> 00:42:49,400 Speaker 2: of failure for when boys become come off the tracks, 855 00:42:49,400 --> 00:42:51,319 Speaker 2: it's when they lose a male role model. We have 856 00:42:51,320 --> 00:42:53,760 Speaker 2: the most single parent homes of any nation in the world, 857 00:42:53,880 --> 00:42:55,919 Speaker 2: and when we say single parent, we really mean mom 858 00:42:56,000 --> 00:42:58,960 Speaker 2: is heading the household. That's ninety two percent of single 859 00:42:58,960 --> 00:43:02,440 Speaker 2: parent homes. And ends up is that girls in single 860 00:43:02,480 --> 00:43:05,680 Speaker 2: parent homes have the same outcome, same rates of high 861 00:43:05,680 --> 00:43:09,319 Speaker 2: school attendance and self harm. Boys become much more likely 862 00:43:09,360 --> 00:43:11,760 Speaker 2: to engage in self harm and not go to college. 863 00:43:11,840 --> 00:43:15,919 Speaker 2: It ends up that while boys are physically stronger, they're 864 00:43:15,960 --> 00:43:19,520 Speaker 2: mentally and emotionally much weaker. So we need more males 865 00:43:19,600 --> 00:43:22,480 Speaker 2: involved in K through twelve And even just saying that 866 00:43:23,120 --> 00:43:25,480 Speaker 2: boys need men in their lives used to trigger people, 867 00:43:25,480 --> 00:43:28,279 Speaker 2: and now mothers are recognizing that that's just not true. 868 00:43:28,320 --> 00:43:31,120 Speaker 2: We need boys involved in men's lives. 869 00:43:30,840 --> 00:43:34,279 Speaker 1: And Scott, you mean by that teachers, not just mentors, 870 00:43:34,840 --> 00:43:38,800 Speaker 1: people that are advocates, counselors in what respect. 871 00:43:39,640 --> 00:43:42,960 Speaker 2: Yeah, so all of the above after school programs, coaches, 872 00:43:43,160 --> 00:43:44,560 Speaker 2: they usually don't get paid. 873 00:43:46,000 --> 00:43:46,640 Speaker 3: More men. 874 00:43:46,960 --> 00:43:49,240 Speaker 2: I think the Catholic Church and Michael Jackson have screwed 875 00:43:49,239 --> 00:43:50,440 Speaker 2: it up for all of us. I think there's a 876 00:43:50,480 --> 00:43:52,520 Speaker 2: lot of wonderful men out there that don't have families 877 00:43:52,520 --> 00:43:54,960 Speaker 2: of their own. There are three times as women applying 878 00:43:54,960 --> 00:43:57,080 Speaker 2: to be big sisters as men applying to be big 879 00:43:57,120 --> 00:44:01,880 Speaker 2: brothers in America. Why one men aren't stepping up and 880 00:44:01,960 --> 00:44:03,640 Speaker 2: two I think they feel self conscious. 881 00:44:03,640 --> 00:44:05,440 Speaker 3: If you're a thirty five year old male. 882 00:44:05,760 --> 00:44:07,680 Speaker 2: Maybe doesn't have your own family or your own kids, 883 00:44:08,560 --> 00:44:10,160 Speaker 2: and you want to be involved or help out a 884 00:44:10,160 --> 00:44:13,200 Speaker 2: fifteen year old son of a single mother, don't people 885 00:44:13,200 --> 00:44:15,719 Speaker 2: look at you like there's something wrong with you. There 886 00:44:15,719 --> 00:44:17,840 Speaker 2: are a lot of wonderful men out there that I 887 00:44:17,840 --> 00:44:21,600 Speaker 2: have loved to get paternal and fraternal, and they're under 888 00:44:21,600 --> 00:44:24,640 Speaker 2: the illusion that if they're not a baller, that or 889 00:44:24,719 --> 00:44:26,960 Speaker 2: they haven't done have a degree in adolescent psychiatry. They 890 00:44:26,960 --> 00:44:29,080 Speaker 2: shouldn't get involved in a boy's life. I think of 891 00:44:29,440 --> 00:44:32,040 Speaker 2: the rings of masculinity. You got to take care of yourself, 892 00:44:32,040 --> 00:44:33,960 Speaker 2: you got to be strong, you gotta be economic viability, 893 00:44:34,000 --> 00:44:36,000 Speaker 2: You take care of your family, you take care of community. 894 00:44:36,560 --> 00:44:38,759 Speaker 2: But I think the ultimate expression of masculinity is to 895 00:44:38,800 --> 00:44:42,120 Speaker 2: get involved in the life of a child that isn't yours. 896 00:44:42,200 --> 00:44:45,719 Speaker 2: And we need more men involved. When my mom got divorced, 897 00:44:46,200 --> 00:44:48,120 Speaker 2: she made sure that a couple of her boyfriend she 898 00:44:48,200 --> 00:44:50,640 Speaker 2: kept in my life. There was a neighbor that used 899 00:44:50,640 --> 00:44:52,719 Speaker 2: to come over with his girlfriend to take me horseback riding. 900 00:44:52,760 --> 00:44:54,560 Speaker 2: I made really good friends with a stockbroker and I 901 00:44:54,640 --> 00:44:57,480 Speaker 2: used to swing by his the brokerage, Dean witter Reynolds 902 00:44:57,520 --> 00:45:01,800 Speaker 2: in Westwood after school. Lot of wonderful men in my life. 903 00:45:01,880 --> 00:45:04,840 Speaker 2: So one, men need to step up. More big brothers programs, 904 00:45:04,840 --> 00:45:08,920 Speaker 2: more coaching. I would like to see a mandatory national service. 905 00:45:09,800 --> 00:45:11,239 Speaker 3: If you look at if you. 906 00:45:11,239 --> 00:45:14,520 Speaker 2: Look at Israel, lowest levels of young adult depression in 907 00:45:14,560 --> 00:45:17,680 Speaker 2: the West, despite all the existential threats. I was just 908 00:45:17,719 --> 00:45:20,680 Speaker 2: in Israel and I met with a battalion of one 909 00:45:20,760 --> 00:45:23,319 Speaker 2: hundred and ten from the idf all these beautiful young 910 00:45:23,360 --> 00:45:28,440 Speaker 2: men and women fit outdoors, learning how to handle assault rifles, 911 00:45:28,719 --> 00:45:30,600 Speaker 2: getting to the point where they're so skilled that the 912 00:45:30,600 --> 00:45:32,800 Speaker 2: man or the woman next to you would literally depend, 913 00:45:33,200 --> 00:45:36,440 Speaker 2: you know, trust you, with their lives and serving the 914 00:45:36,440 --> 00:45:38,600 Speaker 2: agency of something bigger than themselves. And that's where they 915 00:45:38,640 --> 00:45:41,520 Speaker 2: meet friends. That's where they meet mentors, co founders, and mates. 916 00:45:41,560 --> 00:45:45,280 Speaker 2: I'd like to see national mandatory, national service where people 917 00:45:45,280 --> 00:45:48,680 Speaker 2: can meet others from different sexual orientations, different income classes, 918 00:45:48,680 --> 00:45:51,600 Speaker 2: different ethnicity, so we start to see each other as 919 00:45:51,640 --> 00:45:55,880 Speaker 2: Americans before we see each other as trans or Republican. 920 00:45:55,480 --> 00:45:56,800 Speaker 3: Or rich or poor. 921 00:45:57,480 --> 00:46:01,440 Speaker 2: I think any college it's not growing as freshman class 922 00:46:01,520 --> 00:46:04,759 Speaker 2: faster than population growth should and has an endowment over 923 00:46:04,800 --> 00:46:07,600 Speaker 2: a billion dollars should lose its tax re status. Dartmouth 924 00:46:08,000 --> 00:46:11,719 Speaker 2: has eight billion dollar endowment, five hundred students. It's not 925 00:46:11,760 --> 00:46:13,719 Speaker 2: a college, it's a hedge fund with classes. 926 00:46:14,160 --> 00:46:16,279 Speaker 3: It's just insane. If you had a drug that made 927 00:46:16,280 --> 00:46:17,920 Speaker 3: people less obese. 928 00:46:17,680 --> 00:46:21,200 Speaker 2: Four times more likely to get married, likely to run 929 00:46:21,239 --> 00:46:23,759 Speaker 2: for office, much less likely to get divorced, much less 930 00:46:23,800 --> 00:46:26,160 Speaker 2: likely to have diabetes, whilch ahard that drug. That's what 931 00:46:26,239 --> 00:46:28,799 Speaker 2: me and my colleagues are doing. At elite higher institutions, 932 00:46:28,840 --> 00:46:34,000 Speaker 2: we purposely sequester artificially constrained supply. We could let in 933 00:46:35,080 --> 00:46:37,040 Speaker 2: five x the number of kids we do now, but 934 00:46:37,080 --> 00:46:41,319 Speaker 2: we're all drunk on exclusivity. When my dean announces we've 935 00:46:41,320 --> 00:46:43,799 Speaker 2: rejected eighty five percent of our applicants, you know what 936 00:46:43,840 --> 00:46:44,719 Speaker 2: me and my colleagues do. 937 00:46:44,920 --> 00:46:47,840 Speaker 3: We stand up and we allawed. It's awful. 938 00:46:48,280 --> 00:46:51,120 Speaker 2: And I really appreciate the University of California and what 939 00:46:51,160 --> 00:46:53,359 Speaker 2: the cal state system is doing trying to increase its 940 00:46:53,400 --> 00:46:57,360 Speaker 2: population by the amount of one class. But unfortunately a 941 00:46:57,400 --> 00:47:01,200 Speaker 2: lot of elite institutions have not have not received the memo. 942 00:47:01,440 --> 00:47:03,000 Speaker 3: I just toured. 943 00:47:03,000 --> 00:47:05,800 Speaker 2: I did a calle true with my son University Chicago. 944 00:47:05,880 --> 00:47:08,880 Speaker 2: Four percent admissions rate. Do four percent admissions right? 945 00:47:08,960 --> 00:47:10,960 Speaker 1: And you were, by the way, literal when and just 946 00:47:11,080 --> 00:47:14,000 Speaker 1: for listeners, when you said nine percent of UCLA. It's 947 00:47:14,120 --> 00:47:19,000 Speaker 1: nine percent at UCLA, eleven percent at Berkeley. It is interesting, 948 00:47:19,040 --> 00:47:24,200 Speaker 1: Scott use over the entire system it's now seventy percent. 949 00:47:24,360 --> 00:47:29,240 Speaker 1: Just broke seventy percent, but at those specific campuses because 950 00:47:29,280 --> 00:47:32,400 Speaker 1: of UC mer said and other ucs, we're making progress, 951 00:47:32,440 --> 00:47:35,200 Speaker 1: but it's not good enough. In your point, it's even 952 00:47:35,239 --> 00:47:37,560 Speaker 1: worse if you look at degrees. If you're trying to 953 00:47:37,560 --> 00:47:40,080 Speaker 1: get a computer science degree or something, you're talking one 954 00:47:40,120 --> 00:47:43,239 Speaker 1: to three percent of people getting in. And you're right. 955 00:47:43,920 --> 00:47:45,360 Speaker 1: You hear it all the time faculty. 956 00:47:45,360 --> 00:47:45,800 Speaker 3: In others. 957 00:47:45,920 --> 00:47:48,320 Speaker 1: It's not a knock at faculty, but people start to 958 00:47:48,360 --> 00:47:51,520 Speaker 1: applaud I've been in those meetings just as you described, 959 00:47:51,640 --> 00:47:53,640 Speaker 1: and it's gross. 960 00:47:54,280 --> 00:47:55,480 Speaker 3: And California gets it. 961 00:47:55,520 --> 00:47:57,160 Speaker 2: I'm not a billionaire, but I've given a lot of 962 00:47:57,200 --> 00:48:00,239 Speaker 2: money to UCLA and Berkeley because California gets that. The 963 00:48:00,239 --> 00:48:02,560 Speaker 2: cal State system is probably the unsung hero. 964 00:48:02,880 --> 00:48:05,920 Speaker 1: Right, biggest pelgrant recipient in the world in the United States, 965 00:48:06,040 --> 00:48:08,280 Speaker 1: biggest conveyor metal talent the country. 966 00:48:08,600 --> 00:48:12,920 Speaker 2: Pel grants saved my ask Governor. I'm the recipient of 967 00:48:12,960 --> 00:48:15,480 Speaker 2: affirmative action because I came from a household that was 968 00:48:15,480 --> 00:48:18,480 Speaker 2: in the lower third economically, I got unfair advantage and 969 00:48:18,520 --> 00:48:21,680 Speaker 2: I got pelgrants. I couldn't have gone to college without them. 970 00:48:21,680 --> 00:48:24,719 Speaker 2: And it's worked out for everybody. And also so I 971 00:48:24,760 --> 00:48:26,360 Speaker 2: do think there's schools to get it. I think what 972 00:48:26,440 --> 00:48:29,239 Speaker 2: ASU is doing with Michael Crowe. I do think there 973 00:48:29,239 --> 00:48:31,600 Speaker 2: are schools that get you dubbed Madison. I just took 974 00:48:31,640 --> 00:48:34,279 Speaker 2: my kid at the University Wisconsin Madison, fifty thousand good 975 00:48:34,360 --> 00:48:38,919 Speaker 2: kids from Minneapolis and Wisconsin University of North Carolina doing 976 00:48:38,960 --> 00:48:40,160 Speaker 2: their job trying to expand it. 977 00:48:40,200 --> 00:48:42,960 Speaker 3: So some people get the memo. The majority of elite. 978 00:48:42,640 --> 00:48:45,560 Speaker 2: Institutions now see themselves in their as their mes bags, 979 00:48:45,600 --> 00:48:49,719 Speaker 2: not as public servants. In terms of solutions, we just 980 00:48:49,719 --> 00:48:51,760 Speaker 2: need to put more money in the pockets of young people. 981 00:48:52,040 --> 00:48:54,120 Speaker 3: I like what Portugal did with a tax holiday. 982 00:48:54,160 --> 00:48:55,840 Speaker 2: If you gave every person under the age of forty 983 00:48:55,960 --> 00:48:59,280 Speaker 2: who makes less than one hundred thousand dollars a tax holiday, 984 00:48:59,280 --> 00:49:01,319 Speaker 2: it wouldn't cost that much because reality is they don't 985 00:49:01,320 --> 00:49:04,440 Speaker 2: make that much money. I think all capital gains should 986 00:49:04,480 --> 00:49:08,160 Speaker 2: be like the Reagan administration. There shouldn't be long term 987 00:49:08,239 --> 00:49:11,040 Speaker 2: or short term. Why is sweat less noble than the 988 00:49:11,040 --> 00:49:16,200 Speaker 2: money my money makes? Why is rent less noble than 989 00:49:16,200 --> 00:49:19,319 Speaker 2: the money you pay for a mortgage. That's nothing but 990 00:49:19,360 --> 00:49:21,719 Speaker 2: an elegant transfer of money from the young to the old. 991 00:49:21,719 --> 00:49:24,840 Speaker 2: And then you want to talk about the greatest intergenerational 992 00:49:24,880 --> 00:49:25,840 Speaker 2: theft in history. 993 00:49:26,400 --> 00:49:27,280 Speaker 3: COVID. 994 00:49:28,480 --> 00:49:31,439 Speaker 2: We took seven trillion dollars. A million people dying would 995 00:49:31,480 --> 00:49:33,440 Speaker 2: be bad, But if I got less wealthy, it'd be tragic. 996 00:49:33,520 --> 00:49:36,160 Speaker 2: So we took seven trillion dollars flushed into the economy. 997 00:49:36,480 --> 00:49:39,680 Speaker 2: Eighty five percent of it wasn't spent. It wasn't spent 998 00:49:39,760 --> 00:49:41,680 Speaker 2: on food, or medicine or housing. Eighty five percent of 999 00:49:41,719 --> 00:49:42,319 Speaker 2: it wasn't spent. 1000 00:49:42,360 --> 00:49:43,040 Speaker 3: So where did it go? 1001 00:49:43,520 --> 00:49:45,719 Speaker 2: It went into the markets, and housing went from two 1002 00:49:45,800 --> 00:49:48,680 Speaker 2: hundred and ninety thousand average household to four to ten 1003 00:49:49,400 --> 00:49:52,799 Speaker 2: in just four years. The stock market went crazy, so 1004 00:49:52,840 --> 00:49:56,600 Speaker 2: I got richer and richer, and young people the entrance 1005 00:49:56,719 --> 00:49:59,520 Speaker 2: everything got more expensive. When you bail out the baby 1006 00:49:59,560 --> 00:50:04,000 Speaker 2: boomer owner of a restaurant, all you're doing is transferring 1007 00:50:04,040 --> 00:50:07,840 Speaker 2: opportunity away from the recent graduate of a culinary academy 1008 00:50:07,840 --> 00:50:10,840 Speaker 2: at twenty six who wants her shot. The reason I 1009 00:50:10,920 --> 00:50:13,400 Speaker 2: get to live the life I lead economically is in 1010 00:50:13,440 --> 00:50:15,960 Speaker 2: two thousand and eight, we bailed out the banks, but 1011 00:50:16,000 --> 00:50:18,920 Speaker 2: we let the markets fall. The markets are cyclical, and 1012 00:50:19,000 --> 00:50:24,480 Speaker 2: disruption transfers power and money back from incumbents to entrants. 1013 00:50:24,640 --> 00:50:26,600 Speaker 2: And what did I get to do? I got to 1014 00:50:26,600 --> 00:50:29,680 Speaker 2: buy Netflix, Apple, and Amazon at eight ten and twelve 1015 00:50:29,760 --> 00:50:32,160 Speaker 2: dollars a share, and Netflix is at nine point forty. 1016 00:50:32,400 --> 00:50:34,839 Speaker 2: Where does a young person find value now because we've 1017 00:50:34,840 --> 00:50:38,399 Speaker 2: decided to use their credit card to bail us out. 1018 00:50:38,440 --> 00:50:42,000 Speaker 2: When shit gets real, I'm in the club doing rails 1019 00:50:42,040 --> 00:50:45,440 Speaker 2: of cocaine and champagne, and the closest a young person 1020 00:50:45,480 --> 00:50:47,760 Speaker 2: gets is they get to throw me their credit card 1021 00:50:48,320 --> 00:50:50,960 Speaker 2: so I can spend where the government can spend seven 1022 00:50:51,000 --> 00:50:54,759 Speaker 2: trillion dollars a year on five trillion in receipts, such 1023 00:50:54,800 --> 00:50:56,440 Speaker 2: as young people are going to have to pay this 1024 00:50:56,560 --> 00:51:00,520 Speaker 2: shit back. It's criminal such that the stock market stay 1025 00:51:00,600 --> 00:51:02,680 Speaker 2: is high. So that's that you and I stay wealthy. 1026 00:51:02,840 --> 00:51:06,239 Speaker 2: So I think almost every major economic policy can be 1027 00:51:06,280 --> 00:51:09,319 Speaker 2: reverse engineered to one thing. How do we maintain the 1028 00:51:09,520 --> 00:51:13,880 Speaker 2: incumbents wealth at the cost of potential entrance? 1029 00:51:14,680 --> 00:51:18,640 Speaker 1: If I can just briefly enter the world of partisan politics, 1030 00:51:18,880 --> 00:51:22,320 Speaker 1: you know, it's interesting these trend lines of obviously accrued 1031 00:51:22,400 --> 00:51:26,080 Speaker 1: to the Trump candidacy. I mean, you saw with the numbers. 1032 00:51:26,120 --> 00:51:28,759 Speaker 1: I think it, you know, and forgive me if I'm 1033 00:51:28,760 --> 00:51:31,400 Speaker 1: off a little bit, But I think in the first 1034 00:51:31,520 --> 00:51:34,080 Speaker 1: Trump election he won forty one percent of young voters, 1035 00:51:34,320 --> 00:51:39,320 Speaker 1: fifty six percent of young voters in this last election. Obviously, 1036 00:51:39,360 --> 00:51:43,880 Speaker 1: so much focus on his outreach and in terms of 1037 00:51:43,960 --> 00:51:48,120 Speaker 1: focusing on the quote unquote manisphere focusing on sports more 1038 00:51:48,160 --> 00:51:51,919 Speaker 1: of a hyper masculine frame of outreach and engagement. Don't 1039 00:51:51,920 --> 00:51:54,279 Speaker 1: get me started or don't even get you started, though 1040 00:51:54,320 --> 00:51:57,360 Speaker 1: I would love to actually get you started. But with 1041 00:51:57,440 --> 00:52:02,960 Speaker 1: the DNC's lack of engagement to young men nonexistent. Doesn't 1042 00:52:03,000 --> 00:52:06,520 Speaker 1: exist in the Democratic Party, hasn't in the past. But 1043 00:52:06,840 --> 00:52:09,680 Speaker 1: give me a sense of you're over under. Was that 1044 00:52:09,840 --> 00:52:14,280 Speaker 1: very intentional on his part? Was he just the beneficiary 1045 00:52:14,360 --> 00:52:17,280 Speaker 1: of that because of the neglect of the Democratic Party 1046 00:52:17,280 --> 00:52:19,400 Speaker 1: and he sort of stumbled into it. What do you 1047 00:52:19,440 --> 00:52:22,120 Speaker 1: make of the difference between the two parties in terms 1048 00:52:22,120 --> 00:52:24,000 Speaker 1: of trying to approach some of these issues in a 1049 00:52:24,080 --> 00:52:25,279 Speaker 1: sincere and honest way. 1050 00:52:26,280 --> 00:52:29,960 Speaker 2: The three biggest own goals in American history where our 1051 00:52:30,120 --> 00:52:34,000 Speaker 2: entry into Iraq or in recent history, these ridiculous tariffs 1052 00:52:34,080 --> 00:52:36,640 Speaker 2: that is the most elegant way to reduce prosperity in history, 1053 00:52:37,800 --> 00:52:41,560 Speaker 2: and the Democratic Committee losing to an insurrectionist and this 1054 00:52:41,600 --> 00:52:44,919 Speaker 2: is how we managed to steal, to snatch the feet 1055 00:52:44,920 --> 00:52:46,560 Speaker 2: from the jaws of victory. This was supposed to be 1056 00:52:46,600 --> 00:52:50,400 Speaker 2: a referendum on women's rights. Understandably it was, and women's 1057 00:52:50,440 --> 00:52:54,960 Speaker 2: rights did not show up which showed up was testosterone. Specifically, 1058 00:52:56,080 --> 00:52:58,400 Speaker 2: young men are really struggling. And if you look at 1059 00:52:58,400 --> 00:53:02,359 Speaker 2: the three groups of pivoted hardest from blue to red 1060 00:53:02,360 --> 00:53:04,640 Speaker 2: twenty twenty to twenty twenty four, it was one Latinos, 1061 00:53:04,680 --> 00:53:07,600 Speaker 2: who I believe don't want to be identified as a group. 1062 00:53:08,040 --> 00:53:10,960 Speaker 2: The Mexican Americans in South California have much different priorities 1063 00:53:10,960 --> 00:53:13,560 Speaker 2: in Cuban Americans in Southern Florida, and even identifying them 1064 00:53:13,600 --> 00:53:16,360 Speaker 2: as a group I think pisses them off too. People 1065 00:53:16,400 --> 00:53:19,319 Speaker 2: under the age of forty per your comments, they're just 1066 00:53:19,360 --> 00:53:21,319 Speaker 2: not doing well. And when you're not doing as well 1067 00:53:21,320 --> 00:53:23,200 Speaker 2: as your parents, you feel rage and all you want 1068 00:53:23,239 --> 00:53:26,080 Speaker 2: is disruption. You don't even want change. You want the 1069 00:53:26,120 --> 00:53:28,560 Speaker 2: candidate who is kind of chaotic because you're like, whatever's 1070 00:53:28,600 --> 00:53:30,680 Speaker 2: going on here is not working for me. And then 1071 00:53:30,719 --> 00:53:34,840 Speaker 2: the third and most interesting group the pivoted hardest from 1072 00:53:35,120 --> 00:53:37,359 Speaker 2: blue to red, was forty five to sixty four year 1073 00:53:37,360 --> 00:53:41,279 Speaker 2: old women. And my thesis is that's their mothers. And 1074 00:53:41,320 --> 00:53:44,040 Speaker 2: there's still a lot of women in the US who 1075 00:53:44,040 --> 00:53:46,600 Speaker 2: will vote for what they perceive is best for their 1076 00:53:46,680 --> 00:53:49,560 Speaker 2: husbands or their sons. And when you're a mother and 1077 00:53:49,600 --> 00:53:52,440 Speaker 2: your son is in the basement playing video games and vaping. 1078 00:53:52,840 --> 00:53:55,680 Speaker 2: You don't give a shit about territorial sovereignty in Ukraine, 1079 00:53:55,719 --> 00:53:59,240 Speaker 2: or women's rights or transgender rights. You just want change. 1080 00:54:00,080 --> 00:54:04,359 Speaker 2: Trump campaign, to their credit, was brilliant. They flew right 1081 00:54:04,400 --> 00:54:10,600 Speaker 2: into the manisphere rockets crypto Joe Rogan went He went on, 1082 00:54:10,640 --> 00:54:13,520 Speaker 2: Joe Rogan, do you realize with forty million audio downloads, 1083 00:54:13,880 --> 00:54:17,440 Speaker 2: assume me forty million YouTube videos and fifteen million audio downloads. 1084 00:54:17,440 --> 00:54:20,000 Speaker 2: For vice president to get the same level of exposure 1085 00:54:20,200 --> 00:54:24,759 Speaker 2: Vice President Harris, she would have had to gone on CNBC, MSNBC, 1086 00:54:25,000 --> 00:54:28,120 Speaker 2: Fox and CNN every night for three hours. 1087 00:54:27,760 --> 00:54:28,520 Speaker 3: For two weeks. 1088 00:54:29,040 --> 00:54:32,919 Speaker 2: They totally outplayed as governor and then talk about young 1089 00:54:32,960 --> 00:54:36,320 Speaker 2: men not going to the Republican Party but moving away from. 1090 00:54:36,160 --> 00:54:37,080 Speaker 3: The Democratic Party. 1091 00:54:37,160 --> 00:54:39,440 Speaker 2: I like you was at the convention and what I 1092 00:54:39,480 --> 00:54:42,160 Speaker 2: saw was a three day parade of special interest groups 1093 00:54:42,680 --> 00:54:46,520 Speaker 2: representing everybody but the one group that has fallen furthest. 1094 00:54:46,200 --> 00:54:47,480 Speaker 3: Fastest, and that as young men. 1095 00:54:47,600 --> 00:54:51,680 Speaker 2: If you go to the DNC dot org website, it 1096 00:54:51,719 --> 00:54:55,000 Speaker 2: has a site that says who we serve. Explicitly, it 1097 00:54:55,040 --> 00:54:57,200 Speaker 2: says who we serve and it goes on to list 1098 00:54:57,280 --> 00:55:02,520 Speaker 2: sixteen demographic groups ranging from Asian Pacific Islanders, the Black Americans, 1099 00:55:02,560 --> 00:55:05,759 Speaker 2: the disabled veterans. I added it up, it's seventy four 1100 00:55:05,800 --> 00:55:09,640 Speaker 2: percent of the US population. When you say you're explicitly 1101 00:55:09,840 --> 00:55:13,839 Speaker 2: advocating for seventy four percent of the US population, you're 1102 00:55:13,840 --> 00:55:17,920 Speaker 2: not advocating for them, You're discriminating against the twenty six percent. 1103 00:55:19,040 --> 00:55:22,920 Speaker 2: And young men went viciously towards Trump. So did the 1104 00:55:22,920 --> 00:55:25,759 Speaker 2: women in their lives supporting them, and that was enough 1105 00:55:25,800 --> 00:55:30,040 Speaker 2: to swing groups who had traditionally been Democratic to Trump. 1106 00:55:30,840 --> 00:55:36,040 Speaker 2: And this was a huge own goal. An honest question 1107 00:55:36,120 --> 00:55:38,799 Speaker 2: is how did we let this happen? Quite frankly, we 1108 00:55:38,880 --> 00:55:42,760 Speaker 2: ignored the group that has fallen furthest fastest. This wasn't 1109 00:55:42,960 --> 00:55:47,200 Speaker 2: This wasn't This was the testosterone election. And Trump figured 1110 00:55:47,239 --> 00:55:48,520 Speaker 2: that out and went. 1111 00:55:48,360 --> 00:55:49,719 Speaker 3: And flew right into it. 1112 00:55:50,320 --> 00:55:53,160 Speaker 1: Look, if Democratic Party is not listening, they sure as 1113 00:55:53,200 --> 00:55:55,360 Speaker 1: hell better listen. Are there's going to repeat history. I 1114 00:55:55,920 --> 00:55:59,960 Speaker 1: appreciate Scott, you're reinforcing this, and you know, we know 1115 00:56:00,200 --> 00:56:03,120 Speaker 1: we're short on time, and I guess it begs the 1116 00:56:03,160 --> 00:56:06,480 Speaker 1: final question, you know, what is the hesitancy to the party? 1117 00:56:06,560 --> 00:56:08,839 Speaker 1: Is it just that you know, I think you've heard 1118 00:56:08,840 --> 00:56:11,600 Speaker 1: the old phrase pay all male. You know, we've had 1119 00:56:11,640 --> 00:56:15,600 Speaker 1: all the privileges you mentioned, three thousand years of sort 1120 00:56:15,640 --> 00:56:19,799 Speaker 1: of male dominance, the Me Too movement, this notion that 1121 00:56:20,000 --> 00:56:22,400 Speaker 1: you know, we still have gender disparity, we still have 1122 00:56:22,440 --> 00:56:25,560 Speaker 1: all these issues. Is it just our unwillingness as a party, 1123 00:56:25,600 --> 00:56:28,680 Speaker 1: the Democratic Party? What do you to just own up 1124 00:56:28,719 --> 00:56:31,120 Speaker 1: to this fact? Or is it do we feel it's 1125 00:56:31,160 --> 00:56:34,000 Speaker 1: just we're talking only about white males. What is it 1126 00:56:34,239 --> 00:56:38,839 Speaker 1: that you think has restricted the capacity for the Democratic 1127 00:56:38,920 --> 00:56:43,400 Speaker 1: Party to fully embrace and understand this gap in terms 1128 00:56:43,440 --> 00:56:47,120 Speaker 1: of their electoral thinking, let alone the policy substance behind it. 1129 00:56:48,360 --> 00:56:52,520 Speaker 2: I think we became too obsessed with achieving social status 1130 00:56:52,719 --> 00:56:55,960 Speaker 2: versus doing things that actually helped people grow the material 1131 00:56:56,120 --> 00:56:59,759 Speaker 2: or the psychological well being. And I think identity politics 1132 00:56:59,840 --> 00:57:01,640 Speaker 2: is for a long time, I think it was just 1133 00:57:01,680 --> 00:57:04,240 Speaker 2: smart to cater to the specific needs and the easiest 1134 00:57:04,280 --> 00:57:07,920 Speaker 2: way to identify people was through their identity. And I 1135 00:57:07,960 --> 00:57:10,080 Speaker 2: think and by the way, I'm really hopeful for the 1136 00:57:10,080 --> 00:57:13,320 Speaker 2: Democratic Party. I think this tariff nonsense is just unbelievable 1137 00:57:13,360 --> 00:57:15,799 Speaker 2: opportunity for us to go. These people are insane and 1138 00:57:15,840 --> 00:57:18,240 Speaker 2: they're producing your prosperity. I think this is a gift 1139 00:57:18,240 --> 00:57:21,520 Speaker 2: to us. And the reason I have been and will 1140 00:57:21,560 --> 00:57:23,480 Speaker 2: be for the rest of my life a Democrat is 1141 00:57:23,520 --> 00:57:26,360 Speaker 2: that Democrats we get it wrong, but our heart's in 1142 00:57:26,360 --> 00:57:28,120 Speaker 2: the right place. We're trying to do the right thing. 1143 00:57:28,240 --> 00:57:30,920 Speaker 2: Sometimes do we carry it too far? We'd do and 1144 00:57:31,040 --> 00:57:33,720 Speaker 2: what I would argue is using what needs to happen 1145 00:57:33,760 --> 00:57:36,520 Speaker 2: at universities as a metaphor for what needs to happen 1146 00:57:36,520 --> 00:57:38,600 Speaker 2: to the Democrat. You know, I'll use the University of California. 1147 00:57:38,720 --> 00:57:41,080 Speaker 2: In nineteen ninety seven, the University of California dipped away 1148 00:57:41,080 --> 00:57:43,480 Speaker 2: with race based affirmative action and they shifted to an 1149 00:57:43,520 --> 00:57:44,440 Speaker 2: adversity score. 1150 00:57:45,160 --> 00:57:47,000 Speaker 3: Was what they realized is the daughter of a time 1151 00:57:47,000 --> 00:57:49,280 Speaker 3: when he's private equity billionaire. It's not diversity. 1152 00:57:50,160 --> 00:57:53,640 Speaker 2: But if you're a trans kid, a white kid who's trans, 1153 00:57:53,680 --> 00:57:57,280 Speaker 2: who's faced incredible uphill battle, you deserve a second look, 1154 00:57:57,280 --> 00:58:00,280 Speaker 2: a second shot. And I think the Democratic Party to 1155 00:58:00,280 --> 00:58:03,520 Speaker 2: move away from identity politics and focus really on one thing, 1156 00:58:03,640 --> 00:58:06,720 Speaker 2: and that is the unifying theory of everything should be 1157 00:58:06,800 --> 00:58:10,680 Speaker 2: that if you're young and you're a good kid, you 1158 00:58:10,720 --> 00:58:13,200 Speaker 2: should have be able to have a job that pays. 1159 00:58:13,000 --> 00:58:13,960 Speaker 3: A certain wage. 1160 00:58:14,120 --> 00:58:15,640 Speaker 2: You should be able to find someone to fall in 1161 00:58:15,720 --> 00:58:17,240 Speaker 2: love with, and you should be able to have a 1162 00:58:17,320 --> 00:58:21,840 Speaker 2: home and kids. We need seven million homes in ten years, 1163 00:58:21,840 --> 00:58:24,440 Speaker 2: manufactured homes that cost thirty to fifty percent less than 1164 00:58:24,440 --> 00:58:26,800 Speaker 2: homes built on site. We need a minimum wage of 1165 00:58:26,840 --> 00:58:28,880 Speaker 2: twenty five bucks an hour. We need a tax holiday 1166 00:58:28,920 --> 00:58:31,400 Speaker 2: for people under the age of forty. We need national 1167 00:58:31,400 --> 00:58:33,880 Speaker 2: service and more third places where people can fall in love. 1168 00:58:34,720 --> 00:58:38,080 Speaker 2: And stop this identity politics. We are here to give 1169 00:58:38,280 --> 00:58:43,760 Speaker 2: everyone a shot. Everyone and affirmative action in America should 1170 00:58:43,840 --> 00:58:46,040 Speaker 2: should thrive, but it should be based on color, and 1171 00:58:46,080 --> 00:58:49,640 Speaker 2: that color is green. We need in America. This is 1172 00:58:49,680 --> 00:58:53,200 Speaker 2: a collective victory. You'd rather be born gay or nine 1173 00:58:53,240 --> 00:58:54,920 Speaker 2: white than poor today. 1174 00:58:55,480 --> 00:58:57,280 Speaker 3: So let's go after Let's help the people. 1175 00:58:57,360 --> 00:58:59,640 Speaker 2: Let's use the full faith and resources of the greatest 1176 00:58:59,680 --> 00:59:02,560 Speaker 2: experience in history, the best performing organization in history, the 1177 00:59:02,680 --> 00:59:05,880 Speaker 2: US government that's offered more rights and prosperity for a 1178 00:59:05,920 --> 00:59:09,240 Speaker 2: lower cost taxes than any organization in history. Let's puild 1179 00:59:09,280 --> 00:59:11,320 Speaker 2: a full weight. Let's put the full weight of that 1180 00:59:11,360 --> 00:59:14,480 Speaker 2: incredible organization around the people who need it most in 1181 00:59:14,480 --> 00:59:18,160 Speaker 2: the US, and that is the poor. Let's let's stop 1182 00:59:18,200 --> 00:59:22,520 Speaker 2: this nonsense where the richer are protected by the law 1183 00:59:22,600 --> 00:59:24,560 Speaker 2: but not bound by it, and the poor are bound 1184 00:59:24,600 --> 00:59:27,240 Speaker 2: by the law but not protected by it. The constitutions 1185 00:59:27,280 --> 00:59:30,000 Speaker 2: here to protect the lower fifty. This nonsense of rounding 1186 00:59:30,000 --> 00:59:32,840 Speaker 2: people up and sending them to healthscapes. Guess what knowing 1187 00:59:32,960 --> 00:59:36,480 Speaker 2: you or I know is risk. I could be in 1188 00:59:36,560 --> 00:59:39,960 Speaker 2: deepest reddist Mississippi. I have access to messifest round because 1189 00:59:40,000 --> 00:59:43,000 Speaker 2: I have money. That is not why the government is here. 1190 00:59:43,040 --> 00:59:44,720 Speaker 2: The government isn't here to make you or me richer. 1191 00:59:45,000 --> 00:59:47,280 Speaker 2: The government is to help the lower half. And I 1192 00:59:47,280 --> 00:59:50,200 Speaker 2: think that's that's where the Democratic Party needs to go 1193 00:59:50,320 --> 00:59:54,040 Speaker 2: and get away from identity politics because it's it's creating 1194 00:59:54,080 --> 00:59:55,240 Speaker 2: more problems than it's solving. 1195 00:59:56,320 --> 00:59:59,160 Speaker 1: Scott has been wonderful to spend time with you. Thank 1196 00:59:59,200 --> 01:00:02,640 Speaker 1: you for your insight, thank you for your recommendations, and 1197 01:00:03,120 --> 01:00:05,760 Speaker 1: thank you for always being so candid and forthright. 1198 01:00:06,480 --> 01:00:09,080 Speaker 2: Thank you, Governor, and thank you to the toxpayers of California. 1199 01:00:09,200 --> 01:00:10,680 Speaker 2: Literally changed my life. 1200 01:00:10,840 --> 01:00:11,400 Speaker 1: I love it.