WEBVTT - Snap Elections, Global Warming, and Maria’s Favorite Hot Sauce

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<v Speaker 1>Pushkin. Welcome back to Risky Business, a show about making

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<v Speaker 1>better decisions. I'm Maria Kuanakova.

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<v Speaker 2>And I'm Nate Silver.

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<v Speaker 1>Today on the show, we'll be starting off by talking

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<v Speaker 1>about Emmanuel Macrond, the President of France, calling snap elections

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<v Speaker 1>and what that means for how leaders think about risk assessments,

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<v Speaker 1>especially when they are huge gambles as in this case.

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<v Speaker 2>And we'll talk about the heat wave that's been predicted

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<v Speaker 2>to hit the eastern United States this week, kind of

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<v Speaker 2>as an excuse to talk about climate change, an issue

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<v Speaker 2>I hope we can address on the show once in

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<v Speaker 2>a while, and communication versus reality on long term risks.

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<v Speaker 1>And finally, we're going to be talking about one of

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<v Speaker 1>the single most important effects of climate change, which is

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<v Speaker 1>the potential shortage of one of my favorite condiments, siracha

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<v Speaker 1>hot sauce.

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<v Speaker 2>Even a hot sauce is a hot sauce.

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<v Speaker 1>Okay, Okay, we get we'll have we'll have this debate

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<v Speaker 1>after the break to come. Okay, So, Nate, as as

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<v Speaker 1>you've heard, Emmanuel Macron just did something that is completely

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<v Speaker 1>I mean, it's not completely unprecedented, but it's incredibly risky.

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<v Speaker 1>So we had EU elections right, and it turns out

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<v Speaker 1>that his party did not do that well. National Rally,

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<v Speaker 1>which is the Party of Marine Lapenn got thirty one

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<v Speaker 1>point four percent, and this is the far far right

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<v Speaker 1>party in France, and the New Popular Front, which is

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<v Speaker 1>the left wing alliance, got a total of about twenty

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<v Speaker 1>six percent, and his party got fourteen point six percent.

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<v Speaker 1>So he's the president right ruling party not not doing

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<v Speaker 1>that well. And instead of saying, you know, we need

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<v Speaker 1>to kind of rethink this stuff, we need to do something,

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<v Speaker 1>he decided to call snap elections three years ahead of schedule.

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<v Speaker 1>So on June thirtieth and July seventh, France is going

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<v Speaker 1>to go through two rounds of elections. And this is

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<v Speaker 1>a decision that as far as we can tell, Macron

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<v Speaker 1>did not consult with his government on. The Prime Minister

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<v Speaker 1>was absolutely shocked and it could have huge repercussions for France,

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<v Speaker 1>for Europe, for kind of the rise of right wing

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<v Speaker 1>nationalist movements in Europe. And the reason why I thought

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<v Speaker 1>it was really interesting for us to talk about this

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<v Speaker 1>is because there are some echoes of the types of

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<v Speaker 1>high risk maneuvers that we've been talking about that might

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<v Speaker 1>be an option in the United States, but of course

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<v Speaker 1>it's a huge, huge gamble.

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<v Speaker 2>I already have a couple of points of pushback here, Maria, Yeah,

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<v Speaker 2>please push back night. One point I pushedback is I

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<v Speaker 2>think labeling everything right wing is not very revealing sometimes

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<v Speaker 2>because it neglects differences, including why in France and other

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<v Speaker 2>places that the you know, right wing conservative movements have

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<v Speaker 2>become more popular and more effective. You know, Marine le

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<v Speaker 2>Penn has been trying to soften her party's image.

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<v Speaker 1>But let me, I'm just going to interrupt you right there.

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<v Speaker 1>But we know what the Front Nscionale is, right, and

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<v Speaker 1>we know that it was founded by her father, Jean

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<v Speaker 1>Marie Leapenn, who was just a rampant anti summit. Like this,

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<v Speaker 1>this is not a good party. This is a party

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<v Speaker 1>that's anti immigration, anti Semitic, anti all minorities, racist like this,

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<v Speaker 1>this is like as bad as it gets.

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<v Speaker 2>But you're thinking like an elite. I am a man

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<v Speaker 2>of the masses. I think it's important to understand the

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<v Speaker 2>and democracy. We want to understand why more right wing,

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<v Speaker 2>veiled ideas might sometimes become popular in some cases because

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<v Speaker 2>they're paired with economic liberalism or maybe should say economic

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<v Speaker 2>or left wing policies where you have a welfare state,

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<v Speaker 2>you're not too concerned about budget deficits. You might even

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<v Speaker 2>tax the rich to some degree. Look, if I go

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<v Speaker 2>to my hedge fund poker game or whatever, people there describe.

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<v Speaker 1>Themselves of the.

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<v Speaker 2>People describe themselves as socially liberal but fiscally conservative or

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<v Speaker 2>moderate right. Those are not typical people. What these parties

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<v Speaker 2>have figured out is that if you're going to have

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<v Speaker 2>right wing populism, you don't necessarily need right wing conservative

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<v Speaker 2>economics to go along with that. Well, they will. They

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<v Speaker 2>will claim to want to protect the welfare state. They

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<v Speaker 2>are not very concerned about things like budget deficits, which

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<v Speaker 2>are seen as the province of centrists. Even Trump, to

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<v Speaker 2>some degree, he's not Paul Ryan in terms of talking

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<v Speaker 2>about like performing entitlement programs. Is willing to balloon the

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<v Speaker 2>deficit to cut taxes without necessarily cutting spending. They did

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<v Speaker 2>try to kill Obamacare in Trump's first term in office.

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<v Speaker 2>They've talked less about that this time. Maybe Democrats should

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<v Speaker 2>talk more about it. But, like you know, cultural grievances

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<v Speaker 2>that are often based in senophobia or racism, paired with

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<v Speaker 2>the welfare state, which is a very popular program sometimes

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<v Speaker 2>kind of left leaning economics is part of the reason

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<v Speaker 2>these parties around the world have been more have been

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<v Speaker 2>more effective now.

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<v Speaker 1>And I think that that actually is a very important point. So, yes,

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<v Speaker 1>you know everything that I that I said, I think

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<v Speaker 1>stance about this party and why Marine the pen is

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<v Speaker 1>actually incredibly dangerous. However, I think it's important to note

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<v Speaker 1>that in these elections that just happened, the party one

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<v Speaker 1>ninety three percent of communes, which are the local districts,

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<v Speaker 1>came in first, right out, out of all of the

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<v Speaker 1>parties in ninety three percent of the communes in France,

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<v Speaker 1>which is huge because it means that they are finally

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<v Speaker 1>making inroads into places where historically they never have before.

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<v Speaker 1>And so I think that you're making a very valid

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<v Speaker 1>point that even though we might see, okay, this is

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<v Speaker 1>what the real agenda here is. And it's really scary

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<v Speaker 1>for voters who are looking to okay, you know, how

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<v Speaker 1>do we make our daily life better. We don't like Macron,

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<v Speaker 1>we don't like that he raised the retirement age. He's

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<v Speaker 1>making us work right, Macron is not popular. We're going

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<v Speaker 1>to vote for this for this other party, So kind

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<v Speaker 1>of I think one of the bigger there are two

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<v Speaker 1>big things here. One is the one that you just

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<v Speaker 1>pointed out that they are making inroads and they have

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<v Speaker 1>figured out a way to kind of connect to the masses,

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<v Speaker 1>and I think that that's something we're seeing in the

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<v Speaker 1>United States too. But I think the other thing is,

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<v Speaker 1>you know, how risky then is it to try to

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<v Speaker 1>call a snap election right now and say, well, fine,

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<v Speaker 1>you really want these guys, Let's see what happens. Because

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<v Speaker 1>I think that this is actually potentially there are two

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<v Speaker 1>things that he could be thinking, at least in my mind.

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<v Speaker 1>Number One, we're going to win, right like Number one,

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<v Speaker 1>when push comes to shove, I'll be able to assert

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<v Speaker 1>that people actually want more moderate politics, that they don't

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<v Speaker 1>really want this far right. Number Two, we're going to lose.

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<v Speaker 1>And that's okay because the presidential elections aren't for several years,

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<v Speaker 1>and people are actually going to get a taste of

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<v Speaker 1>what it means to have this far right force kind

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<v Speaker 1>of controlling a lot of the political agenda. They're not

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<v Speaker 1>going to like it. And then come election time, Marine

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<v Speaker 1>Leapen will not win the presidency and our party will

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<v Speaker 1>be in a much stronger position. Both of these things

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<v Speaker 1>are incredibly risky ways of thinking to my mind.

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<v Speaker 2>Yeah, there are a couple things here. I mean, first

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<v Speaker 2>of all, thank you for the clarification on how this

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<v Speaker 2>is not a presidential election, which is not scheduled until

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<v Speaker 2>twenty twenty seven. For people's context, in the previous election,

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<v Speaker 2>which is twenty two, they're five years apart. In France,

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<v Speaker 2>Macron defeated the Pen by quite a bit, fifty nine

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<v Speaker 2>percent to forty one percent in the second round runoff. Right,

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<v Speaker 2>there are a whole bunch of different parties in France.

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<v Speaker 2>There actually are like kind of a viable left, center

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<v Speaker 2>and right plus weird i don't know, Gallic, Celtic whatever

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<v Speaker 2>parties here and there. But in that final two, in

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<v Speaker 2>that head to head match against matchup against the Pen,

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<v Speaker 2>despite being unpopular himself, he won by a pretty healthy margin.

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<v Speaker 2>I mean, you know, frances is still one of the

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<v Speaker 2>most liberal and kind of many senses of that term

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<v Speaker 2>countries in Europe. The prime minister is uh, this young

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<v Speaker 2>gay guy for example, Right, I mean, it's a country

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<v Speaker 2>that like has always kind of had like a proud

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<v Speaker 2>tradition of of political diversity, but including being you know,

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<v Speaker 2>proudly left wing in certain ways. So part of way

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<v Speaker 2>when I talk about this summary with you is when

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<v Speaker 2>people say the term risky. There are a couple of

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<v Speaker 2>ways in which that can be abused, I think right

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<v Speaker 2>one is that sometimes risky is just a euphemism for stupid,

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<v Speaker 2>Like it may have been really fucking stupid for McCrone

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<v Speaker 2>to call this election at this time. Right, it's a

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<v Speaker 2>bad time not just for incumbent parties in France but everywhere.

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<v Speaker 2>In the UK election set for July fourth, Conservatives are

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<v Speaker 2>set to get destroyed to the point where the Tories

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<v Speaker 2>may not even be the second largest party anymore. Now.

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<v Speaker 2>In the US election, Joe Biden is currently losing we've

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<v Speaker 2>talked about on the show by a little bit in

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<v Speaker 2>the polls to Donald Trump. In India, Mody just saw

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<v Speaker 2>a big demotion in the number of seats that his

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<v Speaker 2>alliance had, so the timing like couldn't be much worse.

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<v Speaker 2>And if you look at polls, then his group, which

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<v Speaker 2>is called Ensemble, there's some fancy or French name. I'm

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<v Speaker 2>not gonna try renaissance.

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<v Speaker 1>Yeah, you're talking about Macron's party, Crown's Party.

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<v Speaker 2>His party is in third place behind the right wing

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<v Speaker 2>coalition in the lift wing coalition and has only declined

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<v Speaker 2>in the one or two polls since the announcement was made.

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<v Speaker 2>And listen, it's a different system where the campaign takes

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<v Speaker 2>place much more quickly than in the US. That means

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<v Speaker 2>the polls can move more quickly. But like, but this

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<v Speaker 2>is not a good time to be an incumbent centrist technocrat.

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<v Speaker 2>It's not happy times for that for that type of politician.

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<v Speaker 2>And and Macron is like swimming upstream into that. So

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<v Speaker 2>risky may just mean stupid. There's also a bias, I

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<v Speaker 2>think toward assuming that the status quo is safe and

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<v Speaker 2>any change is risky. Right, Like I've argued in the

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<v Speaker 2>US that maybe and it saysn't maybe people take mistake

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<v Speaker 2>me as saying no, Joe Biden definitely should have make

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<v Speaker 2>sure why But like, you know, in some ways, if

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<v Speaker 2>hypothetically Biden were to improve Democrats' chances of defeating Trump

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<v Speaker 2>by stepping aside for somebody else at the convention, is

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<v Speaker 2>that risky? I mean, I mean, in some ways it

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<v Speaker 2>makes the risk of Trump less. If I don't know

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<v Speaker 2>that's true, I'm just saying it's like within the realm

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<v Speaker 2>of possibility, right, you know here, I mean, so here

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<v Speaker 2>he did make a surprising change that is a deviation

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<v Speaker 2>from the status quo, but like sometimes pursuing the status quo,

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<v Speaker 2>like in climate change, as we'll talk about. Right, if

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<v Speaker 2>we were to be just like, oh, we're not gonna

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<v Speaker 2>bother with any of these greenhouse gas reductions, right, I mean,

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<v Speaker 2>that would be the status quo. It's riskier than probably

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<v Speaker 2>switching to alternative energy, no.

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<v Speaker 1>For sure, for sure, And I think that it's really

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<v Speaker 1>important to qualify what we mean by risky here. And

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<v Speaker 1>I think that some people, so Sarkazi actually came out

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<v Speaker 1>very vehemently against this and said that he probably thinks

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<v Speaker 1>that it's risky in the first sense of the word,

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<v Speaker 1>as in stupid, that this was a really really dumb call,

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<v Speaker 1>and he was very vocal about that. And I think

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<v Speaker 1>he called it playing Russian Roulette with the French government,

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<v Speaker 1>which is an interesting way of looking at it. But

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<v Speaker 1>if we look if we just look at precedent, right

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<v Speaker 1>when these types of gambles have happened over the last

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<v Speaker 1>few years, like Brexit didn't go so well, David Cameron

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<v Speaker 1>didn't do so well, like when you when you when

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<v Speaker 1>you do these sorts of like okay, well, find let's

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<v Speaker 1>throw it to the people. I think your second point

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<v Speaker 1>that this is just not a great time for throwing

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<v Speaker 1>it to the people in this particular way, at this

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<v Speaker 1>particular moment. If you're someone like Macro, to me, that resonates,

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<v Speaker 1>and so I wish you know, I wonder we obviously

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<v Speaker 1>don't know what's going on behind the scenes. You would

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<v Speaker 1>think that with such a consequential decision that you would

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<v Speaker 1>consult people. Right, with decision making, it's usually good to

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<v Speaker 1>consult other people who might have a point of view.

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<v Speaker 1>But it was very clear that like the Prime Minister

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<v Speaker 1>was not consulted, that very key people were not consulted.

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<v Speaker 1>And so to me, that's a very strange way of

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<v Speaker 1>making a risk assessment that has potentially very long reaching

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<v Speaker 1>consequences for your country.

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<v Speaker 2>Well, what if mccron, like most politicians, is an ego

0:13:29.804 --> 0:13:32.604
<v Speaker 2>fucking maniac and is doing the thing you were talking

0:13:32.644 --> 0:13:35.284
<v Speaker 2>about earlier, Maria, which is to set himself up for

0:13:35.284 --> 0:13:38.804
<v Speaker 2>twenty twenty seven right that if you empower the right

0:13:38.844 --> 0:13:41.484
<v Speaker 2>wing more right and make la Penn who he beat

0:13:41.524 --> 0:13:45.244
<v Speaker 2>by whatever it was, seventeen points last time, he may

0:13:45.324 --> 0:13:48.004
<v Speaker 2>figure that you'll see the right wing getting power and

0:13:48.804 --> 0:13:51.284
<v Speaker 2>you know, in most of the world, certainly the United States,

0:13:51.324 --> 0:13:54.604
<v Speaker 2>which I know the best. Obviously, there is a phenomenon

0:13:54.644 --> 0:13:58.124
<v Speaker 2>known as thermostatic public opinion, which means that you tend

0:13:58.124 --> 0:14:00.604
<v Speaker 2>to turn the temperature in the opposite direction of where

0:14:00.604 --> 0:14:02.924
<v Speaker 2>the environment is. Right, if it's too hot in the room,

0:14:03.044 --> 0:14:05.284
<v Speaker 2>you turn the thermostat down. If it's too cold, you

0:14:05.284 --> 0:14:09.964
<v Speaker 2>turn the thermostat up. So a dose of right wingism

0:14:10.324 --> 0:14:13.124
<v Speaker 2>coupled with dysfunction, right, I mean, I don't think anyone's

0:14:13.124 --> 0:14:15.924
<v Speaker 2>saying anyone's gonna have a particularly compelling majority in France

0:14:16.004 --> 0:14:21.284
<v Speaker 2>is weird. Technically Macron appoints the prime minister, but subject

0:14:21.324 --> 0:14:23.604
<v Speaker 2>to like a recall vote basically from the legislature. So

0:14:23.644 --> 0:14:26.444
<v Speaker 2>you could have like it an you know, ugly two

0:14:26.524 --> 0:14:31.924
<v Speaker 2>headed step child McCrone governing with some conservative and so

0:14:32.164 --> 0:14:34.684
<v Speaker 2>dysfunctional mess and maybe he figures, Okay, that's going to

0:14:34.724 --> 0:14:37.484
<v Speaker 2>elevate La Penn and then and then I win the

0:14:37.564 --> 0:14:40.324
<v Speaker 2>runoff against her the second round against her again in

0:14:40.364 --> 0:14:42.364
<v Speaker 2>twenty twenty seven. So maybe that's maybe that's why you

0:14:42.404 --> 0:14:45.764
<v Speaker 2>don't consult other people or like, look at Joe Biden.

0:14:46.284 --> 0:14:48.884
<v Speaker 2>You know, if you could be persuaded that it's in

0:14:48.964 --> 0:14:52.364
<v Speaker 2>Joe Biden or in Democratic Party's best interest to have

0:14:52.444 --> 0:14:54.644
<v Speaker 2>another Candy or maybe better. I mean, I think clearly

0:14:54.644 --> 0:14:57.004
<v Speaker 2>a year ago, if he had an open primary, that

0:14:57.004 --> 0:14:58.884
<v Speaker 2>would have been better off. It may not be in

0:14:58.964 --> 0:15:05.004
<v Speaker 2>Biden's best interest though, right, and the average politician, even

0:15:05.044 --> 0:15:08.364
<v Speaker 2>the nice liberals, Maria, even the people you're inclined to

0:15:08.364 --> 0:15:12.044
<v Speaker 2>think are the good guys, are fucking egomaniacs. I can't

0:15:12.204 --> 0:15:16.004
<v Speaker 2>imagine that he thought that. I don't know, I don't

0:15:16.044 --> 0:15:16.684
<v Speaker 2>know them.

0:15:17.284 --> 0:15:22.324
<v Speaker 3>Yeah no, but yeah, go ahead, good, No, you say,

0:15:22.484 --> 0:15:25.724
<v Speaker 3>we just got our ass kicked in these EU elections,

0:15:25.964 --> 0:15:28.324
<v Speaker 3>Let's have another election in a few weeks Like that

0:15:28.444 --> 0:15:31.604
<v Speaker 3>seems fucking stupid, unless you're playing some type of long

0:15:32.004 --> 0:15:35.364
<v Speaker 3>selfish I guess i'd say long game for twenty twenty seven.

0:15:35.844 --> 0:15:37.724
<v Speaker 1>Yeah no, And that was the very cynical part of

0:15:37.764 --> 0:15:41.004
<v Speaker 1>my mind that kind of crafted that as the potential

0:15:41.044 --> 0:15:43.524
<v Speaker 1>motivation behind what he's doing. But I think that it

0:15:43.604 --> 0:15:47.684
<v Speaker 1>might actually be the more accurate reason. And so and

0:15:47.724 --> 0:15:50.324
<v Speaker 1>so I do think that that you're right, I mean,

0:15:50.644 --> 0:15:53.284
<v Speaker 1>to get to the pinnacle of politics like you do,

0:15:53.404 --> 0:15:56.244
<v Speaker 1>have to be How did you call them fucking egomaniacs? Yeah,

0:15:56.324 --> 0:15:58.844
<v Speaker 1>I think that that's a good that that's a good

0:15:58.884 --> 0:16:02.524
<v Speaker 1>way of thinking about it. And so it might at

0:16:02.564 --> 0:16:04.564
<v Speaker 1>the end of the day be an ego play, but

0:16:04.964 --> 0:16:07.244
<v Speaker 1>you know you are, you are playing with the fate

0:16:07.284 --> 0:16:09.204
<v Speaker 1>of Europe. So I think that as we kind of

0:16:09.204 --> 0:16:11.604
<v Speaker 1>as we think about this, as we look at the

0:16:11.604 --> 0:16:14.484
<v Speaker 1>next few weeks, it will be really interesting to see

0:16:14.524 --> 0:16:17.964
<v Speaker 1>how this plays out in Europe, and Nate, let's let's

0:16:18.004 --> 0:16:22.364
<v Speaker 1>revisit this after those elections to see if it in

0:16:22.404 --> 0:16:27.404
<v Speaker 1>any way affects your thinking about Biden's resignation potentially and

0:16:27.444 --> 0:16:30.924
<v Speaker 1>how like a high risk gamble like that might look

0:16:30.964 --> 0:16:32.044
<v Speaker 1>in the United States.

0:16:32.244 --> 0:16:34.644
<v Speaker 2>We will definitely chick in Maria. These all these fucking

0:16:34.684 --> 0:16:37.804
<v Speaker 2>European elections are interfering with my plans to focus only

0:16:37.844 --> 0:16:41.364
<v Speaker 2>on poker during the main event. But but in between

0:16:41.364 --> 0:16:44.684
<v Speaker 2>my time reaching day six again, I'll check in on

0:16:44.684 --> 0:16:51.324
<v Speaker 2>how mcgrone's doing. We'll be back in a minute.

0:16:57.644 --> 0:17:00.964
<v Speaker 1>Nate prepared to die. Let's hear heart. I've you know,

0:17:01.084 --> 0:17:04.204
<v Speaker 1>I was talking with my parents the other day and

0:17:04.204 --> 0:17:06.844
<v Speaker 1>my parents are in Boston and I'm in Las Vegas

0:17:06.884 --> 0:17:09.964
<v Speaker 1>right now, and they were complaining. They're like, oh my god,

0:17:09.964 --> 0:17:11.804
<v Speaker 1>it's about to be one hundred degrees and like one

0:17:11.844 --> 0:17:14.924
<v Speaker 1>hundred percent humidity, and it's already very hard to breathe.

0:17:14.924 --> 0:17:17.164
<v Speaker 1>And I was like, oh, it's ninety degrees and zero

0:17:17.204 --> 0:17:22.044
<v Speaker 1>percent humidity in Las Vegas. We have completely reversed. And

0:17:22.204 --> 0:17:23.684
<v Speaker 1>I think this is the beginning of a week where

0:17:23.724 --> 0:17:26.604
<v Speaker 1>that is true because a heat wave is hitting most

0:17:26.604 --> 0:17:28.684
<v Speaker 1>of the country but not Nevada.

0:17:29.164 --> 0:17:32.164
<v Speaker 2>Yeah, New York is protected to get up to the

0:17:32.204 --> 0:17:35.564
<v Speaker 2>mid low to mid nineties later this week. Places like

0:17:35.604 --> 0:17:39.684
<v Speaker 2>Pittsburgh maybe up to ninety nine one hundred degrees. This

0:17:39.764 --> 0:17:43.204
<v Speaker 2>is not that that that that hot, except for the

0:17:43.204 --> 0:17:45.564
<v Speaker 2>time of year. That is, we're still in mid to

0:17:45.644 --> 0:17:49.244
<v Speaker 2>late June. It's technically still spring. By the way, Maria, Yeah,

0:17:49.284 --> 0:17:51.564
<v Speaker 2>we got four more days or two more when you're yeah,

0:17:51.564 --> 0:17:51.924
<v Speaker 2>we haven't.

0:17:51.964 --> 0:17:54.444
<v Speaker 1>We haven't gotten to the summer solstice yet.

0:17:54.724 --> 0:18:00.204
<v Speaker 2>Correct. But but these are potentially record breaking temperatures for

0:18:00.204 --> 0:18:02.964
<v Speaker 2>for the time of year that they're in. This is

0:18:03.004 --> 0:18:06.204
<v Speaker 2>not a meteorology podcast, but I did kind of want

0:18:06.244 --> 0:18:08.484
<v Speaker 2>to use a segment as an excuse to talk about

0:18:09.564 --> 0:18:15.764
<v Speaker 2>climate change and risk communication around climate change. It's early

0:18:15.804 --> 0:18:17.724
<v Speaker 2>in the Lifeless Show. It's not an issue we've talked about.

0:18:17.804 --> 0:18:20.684
<v Speaker 2>Yet I think one problem with climate change is that

0:18:20.844 --> 0:18:25.924
<v Speaker 2>like it's something happening slowly and kind of constantly over time.

0:18:26.924 --> 0:18:29.764
<v Speaker 2>By the way, if you look at data from the

0:18:29.804 --> 0:18:33.004
<v Speaker 2>Met Office Hadley Center in the UK, and I'm aware

0:18:33.044 --> 0:18:34.644
<v Speaker 2>I used to be more of a climate change nerd.

0:18:34.684 --> 0:18:38.804
<v Speaker 2>I'm aware there are debates over these different measurements, but

0:18:38.924 --> 0:18:40.844
<v Speaker 2>from this measurement, which is pretty consistent with what I

0:18:40.884 --> 0:18:45.604
<v Speaker 2>see elsewhere, twenty twenty three was the hottest year in

0:18:45.684 --> 0:18:49.564
<v Speaker 2>modern recorded history, with the mean global temperature anomaly one

0:18:49.564 --> 0:18:52.244
<v Speaker 2>point one degree celsius. By the way, Celsius fucking sucks

0:18:52.244 --> 0:18:55.524
<v Speaker 2>Fahrenheit so much better. Zero one hundred zero was cold.

0:18:55.604 --> 0:18:57.564
<v Speaker 2>Hundred is hot, the best fucking scale on Earth. And

0:18:57.604 --> 0:19:00.244
<v Speaker 2>you're trying to use celsius anyway, though this is denominated

0:19:00.244 --> 0:19:01.244
<v Speaker 2>in celsius.

0:19:00.844 --> 0:19:03.484
<v Speaker 1>Zia, the zero is actually the freezing in celsius. That's

0:19:03.524 --> 0:19:06.044
<v Speaker 1>why that kind of makes sense. But I would much

0:19:06.124 --> 0:19:10.324
<v Speaker 1>rather know when it's fucking hot, because that's what we're

0:19:10.324 --> 0:19:13.044
<v Speaker 1>talking about climate change. That's what matters when we're talking

0:19:13.044 --> 0:19:15.484
<v Speaker 1>about these kinds of things. So one degree shift in

0:19:15.564 --> 0:19:19.884
<v Speaker 1>celsius is equal to more than two degrees shift in fahrenheit.

0:19:20.204 --> 0:19:22.724
<v Speaker 1>So you have these jumps, you're like, oh my god,

0:19:22.764 --> 0:19:24.964
<v Speaker 1>you know it's one degree hotter today. Now I want

0:19:24.964 --> 0:19:26.804
<v Speaker 1>to know that it's five degrees hotter, that it's ten

0:19:26.844 --> 0:19:29.564
<v Speaker 1>degrees hotter. And so I think that when you're communicating

0:19:29.644 --> 0:19:32.724
<v Speaker 1>as a psychologist, when we're talking about climate change, when

0:19:32.724 --> 0:19:35.764
<v Speaker 1>we're talking about risk, when we're talking about heat, fahrenheit

0:19:35.884 --> 0:19:38.244
<v Speaker 1>is absolutely the way to go, because that shit is

0:19:38.284 --> 0:19:39.764
<v Speaker 1>way more impressive than celsius.

0:19:39.884 --> 0:19:44.604
<v Speaker 2>Yeah, you can take your kilometers in your centigrade temperature

0:19:44.644 --> 0:19:48.404
<v Speaker 2>scale and shove it metric system, give it to a

0:19:48.444 --> 0:19:52.244
<v Speaker 2>cat or something. We're Americans. We have fahrenheit. Anyway, though,

0:19:53.004 --> 0:19:59.004
<v Speaker 2>the table that I'm reading from claims credibly that global

0:19:58.964 --> 0:20:03.084
<v Speaker 2>tempatures were one point one degree centigrade celsius higher in

0:20:03.124 --> 0:20:05.164
<v Speaker 2>twenty twenty three than they have been over the long

0:20:05.244 --> 0:20:08.884
<v Speaker 2>term pre global warming period. So far in twenty twenty four,

0:20:08.964 --> 0:20:12.884
<v Speaker 2>they're one point two to three degrees celsiu is higher

0:20:12.924 --> 0:20:16.364
<v Speaker 2>than the long term trend you'd remembered for now these

0:20:16.404 --> 0:20:18.604
<v Speaker 2>you know, this does fluctuate up and downward. These may

0:20:18.764 --> 0:20:21.684
<v Speaker 2>prove to be particularly bad years. The long term trend

0:20:21.684 --> 0:20:26.724
<v Speaker 2>is pretty unmistakable and we're already nearing the one point

0:20:26.804 --> 0:20:32.724
<v Speaker 2>five degrees sort of best optimistic maybe now at this point, frankly,

0:20:33.444 --> 0:20:37.524
<v Speaker 2>not the very realistic case that's been the target target

0:20:37.764 --> 0:20:42.124
<v Speaker 2>warming rise of climate activists for years. So we're already

0:20:42.164 --> 0:20:45.124
<v Speaker 2>kind of we're already kind of seeing the evidence of this,

0:20:45.284 --> 0:20:47.284
<v Speaker 2>not that you need too much of a microscope to

0:20:47.284 --> 0:20:50.044
<v Speaker 2>find it. The other thing too, is that, like I

0:20:50.044 --> 0:20:52.844
<v Speaker 2>think our readers can imagine, like what a bell curve

0:20:52.884 --> 0:20:56.724
<v Speaker 2>looks like a normal distribution, you can imagine that if

0:20:56.724 --> 0:20:59.564
<v Speaker 2>you kind of shift that bell curve over to the right,

0:20:59.644 --> 0:21:02.164
<v Speaker 2>because now the average temperature and yes there's tons of

0:21:02.164 --> 0:21:05.844
<v Speaker 2>fluctuation over the course of the year, but if the

0:21:05.884 --> 0:21:11.204
<v Speaker 2>average temperature is two or three degrees fahrenheit hotter, you

0:21:11.244 --> 0:21:13.884
<v Speaker 2>can imagine that, like right tail the graph that crosses

0:21:14.004 --> 0:21:17.164
<v Speaker 2>past like ninety nine degrees or one hundred that actually

0:21:17.164 --> 0:21:19.604
<v Speaker 2>occurs a lot more often, And like the number of

0:21:19.644 --> 0:21:26.284
<v Speaker 2>heat waves has roughly doubled in the US since the

0:21:26.324 --> 0:21:29.524
<v Speaker 2>nineteen sixties, for example, according to the National Weather Service.

0:21:30.524 --> 0:21:33.884
<v Speaker 2>So in some ways, heat waves are the best and

0:21:33.924 --> 0:21:37.324
<v Speaker 2>most reliable signal of global warming. And I think if

0:21:37.364 --> 0:21:39.644
<v Speaker 2>you are talking about climate change, I mean, first of all,

0:21:39.804 --> 0:21:42.204
<v Speaker 2>I'm actually the minority that says that, Like, I think

0:21:42.244 --> 0:21:46.084
<v Speaker 2>climate change is kind of a weird euphemism. I think

0:21:46.124 --> 0:21:50.484
<v Speaker 2>global warming is more descriptive in some ways. And if

0:21:50.524 --> 0:21:52.724
<v Speaker 2>you're gonna have global warming, you're gonna have not just

0:21:52.764 --> 0:21:55.924
<v Speaker 2>warmer on average, but you're gonna have more warm extremes,

0:21:56.004 --> 0:21:59.404
<v Speaker 2>and so like heat waves happening to this degree in

0:22:00.004 --> 0:22:03.284
<v Speaker 2>June are a clear consequence of that, And so I

0:22:03.324 --> 0:22:07.004
<v Speaker 2>think there's like an appropriate excuse to talk about this issue.

0:22:07.844 --> 0:22:10.604
<v Speaker 1>Yeah, absolutely, and I think that it raises a lot

0:22:10.684 --> 0:22:14.924
<v Speaker 1>of questions about, you know, how we think about global warming.

0:22:15.084 --> 0:22:17.044
<v Speaker 1>I'm actually going to use that term as well, because

0:22:17.044 --> 0:22:21.444
<v Speaker 1>I completely agree with you. I studied briefly when I

0:22:21.524 --> 0:22:26.324
<v Speaker 1>was getting my PhD how to communicate risk around climate change,

0:22:26.404 --> 0:22:29.364
<v Speaker 1>and global warming really is much more descriptive, and unfortunately

0:22:29.364 --> 0:22:32.604
<v Speaker 1>that term became very politicized and is not popular anymore.

0:22:32.804 --> 0:22:35.764
<v Speaker 1>But it is exactly what we're talking about. So I

0:22:35.764 --> 0:22:38.564
<v Speaker 1>think it's good communication, which is one of the things

0:22:38.564 --> 0:22:41.164
<v Speaker 1>I think that is an important question here, right, how

0:22:41.164 --> 0:22:43.804
<v Speaker 1>do we communicate the risks and tell people like, look,

0:22:43.884 --> 0:22:46.564
<v Speaker 1>this is important, we need to make changes. And I

0:22:46.604 --> 0:22:48.844
<v Speaker 1>don't care you know what your politics are. This is

0:22:48.884 --> 0:22:50.404
<v Speaker 1>something that affects all of humanity.

0:22:51.044 --> 0:22:54.164
<v Speaker 2>It's one of those funny issues. And actually, like relative

0:22:54.164 --> 0:22:57.644
<v Speaker 2>to other things, views on global warming have gotten a

0:22:57.684 --> 0:23:00.484
<v Speaker 2>little bit less polarized of all things in the US.

0:23:00.524 --> 0:23:02.124
<v Speaker 2>I mean, we're like kind of out of the al

0:23:02.164 --> 0:23:07.244
<v Speaker 2>Gore polar bears era and things like that. You know, Look,

0:23:07.284 --> 0:23:12.604
<v Speaker 2>what are the challenges in riscommunication is that in some sense,

0:23:12.684 --> 0:23:15.804
<v Speaker 2>the more seriously people take climate change slash global warming,

0:23:16.444 --> 0:23:21.244
<v Speaker 2>the less of a chance that will cause big scary problems. Right.

0:23:22.644 --> 0:23:25.444
<v Speaker 2>If you look at CO two emissions, this is also

0:23:25.564 --> 0:23:29.164
<v Speaker 2>data from our world and data they have leveled off

0:23:29.724 --> 0:23:32.604
<v Speaker 2>to some degree. Now they actually fell a little bit

0:23:33.164 --> 0:23:35.924
<v Speaker 2>during the pandemic years when economic output was depressed. They

0:23:35.964 --> 0:23:37.964
<v Speaker 2>have since rebounded, but they've kind of rebounded to like

0:23:38.364 --> 0:23:42.004
<v Speaker 2>roughly where they were a few years ago. If you

0:23:42.044 --> 0:23:46.324
<v Speaker 2>look at more detail, you see that the West, meaning

0:23:46.444 --> 0:23:50.764
<v Speaker 2>the wealthy countries in Europe and the EU, actually have

0:23:50.884 --> 0:23:55.724
<v Speaker 2>seen declines in their carbon output, whereas China's have increased

0:23:55.804 --> 0:23:58.764
<v Speaker 2>a lot. Other parts of developing world have increased quite

0:23:58.764 --> 0:24:01.124
<v Speaker 2>a bit. So this is kind of like a little

0:24:01.124 --> 0:24:03.124
<v Speaker 2>bit of a political problem too. I mean, I think

0:24:03.164 --> 0:24:05.004
<v Speaker 2>that the rest of the world is entitled to the

0:24:05.044 --> 0:24:09.524
<v Speaker 2>sort of prosperity that we have in the US. I

0:24:09.564 --> 0:24:12.084
<v Speaker 2>haven't seen kind of projections of like, you know, we're

0:24:12.084 --> 0:24:15.484
<v Speaker 2>now having decceleration and population growth. Maybe that affects things

0:24:15.524 --> 0:24:19.004
<v Speaker 2>in the long term as well, But it is a diffical

0:24:19.044 --> 0:24:20.884
<v Speaker 2>problem because you actually are kind of getting and kind

0:24:20.884 --> 0:24:23.124
<v Speaker 2>of telling people like, yeah, I mean you know that

0:24:23.324 --> 0:24:25.604
<v Speaker 2>China might have to pay for a mess that kind

0:24:25.684 --> 0:24:29.604
<v Speaker 2>of you know, the West originally caused a little bit,

0:24:29.644 --> 0:24:32.564
<v Speaker 2>but the West has actually cut its emissions in meaningful ways.

0:24:33.324 --> 0:24:35.884
<v Speaker 2>So one question is, like, just from a peer I mean,

0:24:36.124 --> 0:24:40.724
<v Speaker 2>from purely like empirical standpoint, how well do like scare

0:24:40.804 --> 0:24:44.884
<v Speaker 2>tactics work, Because there are some liberals who think that,

0:24:45.004 --> 0:24:47.404
<v Speaker 2>like the ocean is going to be boiling in like

0:24:47.724 --> 0:24:50.884
<v Speaker 2>seven years, and that's just complete misinformation. That's like believing

0:24:50.884 --> 0:24:53.884
<v Speaker 2>in like horse tranquilizers or something to cure disease.

0:24:54.684 --> 0:24:57.644
<v Speaker 1>Wait, I do think that there are there are actually

0:24:57.724 --> 0:25:00.884
<v Speaker 1>some good data that scare tactics are not great, and

0:25:00.924 --> 0:25:03.204
<v Speaker 1>that that's not the way that you want to be

0:25:03.244 --> 0:25:07.044
<v Speaker 1>communicating if you want people to change behavior on this

0:25:07.164 --> 0:25:09.964
<v Speaker 1>type of thing. Scare tactics are great. It comes to

0:25:10.204 --> 0:25:14.564
<v Speaker 1>very palpable immediate risks. But even then, like think about like,

0:25:14.924 --> 0:25:17.404
<v Speaker 1>let's just go back to like childhood, right if you

0:25:17.484 --> 0:25:19.764
<v Speaker 1>have a kid, and neither one of us has kids,

0:25:20.004 --> 0:25:22.844
<v Speaker 1>but if you have a kid and you want them

0:25:22.884 --> 0:25:25.284
<v Speaker 1>not to do something, and you're trying to kind of

0:25:25.324 --> 0:25:27.524
<v Speaker 1>scare them, right and say, oh, if you do this,

0:25:27.564 --> 0:25:30.044
<v Speaker 1>blah blah blah blah blah, you know, the Boogeyman's going

0:25:30.084 --> 0:25:32.204
<v Speaker 1>to come and you're gonna be carried off and all

0:25:32.204 --> 0:25:34.444
<v Speaker 1>this bad stuff's going to happen. The scarier it is, like,

0:25:34.484 --> 0:25:36.764
<v Speaker 1>maybe it'll work up until age like two or three,

0:25:36.804 --> 0:25:40.204
<v Speaker 1>and then when they some critical thinking abilities kick in,

0:25:40.244 --> 0:25:42.044
<v Speaker 1>they'll be like, Okay, this does not make sense. This

0:25:42.084 --> 0:25:44.524
<v Speaker 1>ain't actually going to happen. I'm going to do this

0:25:44.604 --> 0:25:47.524
<v Speaker 1>and see what the actual consequences are for myself. And

0:25:47.564 --> 0:25:51.564
<v Speaker 1>I think that that's actually a pretty good, pretty good

0:25:51.764 --> 0:25:56.604
<v Speaker 1>illustration of the kind of the degree of scare tactics

0:25:56.604 --> 0:25:59.364
<v Speaker 1>at work. Right. It does need to be grounded in reality.

0:25:59.404 --> 0:26:02.444
<v Speaker 1>You can't start like telling people that the Boogeyman's going

0:26:02.524 --> 0:26:05.404
<v Speaker 1>to come and boil all of the oceans and eat

0:26:05.444 --> 0:26:07.084
<v Speaker 1>all of your trees and that the sky's going to

0:26:07.164 --> 0:26:09.604
<v Speaker 1>turn black, you know that that's not going to work.

0:26:09.844 --> 0:26:14.804
<v Speaker 1>But the unfortunate the unfortunate thing is, though there are

0:26:14.844 --> 0:26:18.164
<v Speaker 1>no good data on what actually works well, it turns

0:26:18.164 --> 0:26:20.964
<v Speaker 1>out that a lot of different tactics don't work particularly well,

0:26:21.124 --> 0:26:24.444
<v Speaker 1>and that this is an incredibly, incredibly difficult issue to communicate.

0:26:24.724 --> 0:26:27.004
<v Speaker 1>And one of the fundamental reasons is something that you've

0:26:27.044 --> 0:26:31.124
<v Speaker 1>already alluded to, which is that it's not immediate. It's

0:26:31.164 --> 0:26:34.964
<v Speaker 1>not something that I experience right now. It's something where

0:26:35.404 --> 0:26:37.404
<v Speaker 1>I can experience a lot of things that kind of

0:26:37.444 --> 0:26:41.244
<v Speaker 1>seem to disconfirm it. And people are really really bad

0:26:41.284 --> 0:26:44.124
<v Speaker 1>at probabilistic thinking, as we've talked about, and we're really

0:26:44.164 --> 0:26:47.004
<v Speaker 1>bad at long term planning, right We're really bad at

0:26:47.084 --> 0:26:50.524
<v Speaker 1>kind of thinking like ten years ahead, one year ahead.

0:26:50.764 --> 0:26:53.884
<v Speaker 1>Now let's talk about fifty years ahead, one hundred years ahead.

0:26:54.164 --> 0:26:57.484
<v Speaker 1>And you know, our thinking really does break down, Our

0:26:57.524 --> 0:27:00.444
<v Speaker 1>planning breaks down, our risky decision making breaks down. So

0:27:00.884 --> 0:27:04.044
<v Speaker 1>it's a really difficult subject. And I wish that, you know,

0:27:04.604 --> 0:27:06.124
<v Speaker 1>wouldn't it be amazing if at the end of the

0:27:06.164 --> 0:27:08.724
<v Speaker 1>segment we had a golden bullet. I don't think that's

0:27:08.724 --> 0:27:11.804
<v Speaker 1>going to happen, but it's a really, it's a thorny question.

0:27:13.204 --> 0:27:15.284
<v Speaker 2>Yeah. Look, and you get in the fact that, like,

0:27:15.684 --> 0:27:17.564
<v Speaker 2>if I send some pollution up into the atmosphere, it

0:27:17.564 --> 0:27:19.764
<v Speaker 2>spreads around the globe. Right, So I don't realize that

0:27:19.804 --> 0:27:24.604
<v Speaker 2>cost necessarily directly myself. Right. There are even some countries,

0:27:24.684 --> 0:27:28.484
<v Speaker 2>you know, the colder countries, I mean, Canada, Russia might

0:27:28.524 --> 0:27:32.764
<v Speaker 2>benefit from global warming. That's just a fact right now. Look,

0:27:35.084 --> 0:27:38.124
<v Speaker 2>I think more and more people feel like a responsibility

0:27:38.164 --> 0:27:40.604
<v Speaker 2>to do something about kind of the shared humanity that

0:27:40.644 --> 0:27:44.204
<v Speaker 2>we all have. But yeah, it's a notoriously tricky issue.

0:27:44.204 --> 0:27:47.324
<v Speaker 2>And I think, as you're getting at before, like people

0:27:47.404 --> 0:27:50.524
<v Speaker 2>are playing a long game here. I think too often

0:27:52.044 --> 0:27:57.044
<v Speaker 2>elites again criticizing elites, of which I'm a fucking elite, right,

0:27:57.084 --> 0:27:58.564
<v Speaker 2>I'm criticizing my tribe.

0:27:58.724 --> 0:28:00.484
<v Speaker 1>Now, you're a man of the people who plays in

0:28:00.564 --> 0:28:02.044
<v Speaker 1>high stakes hedge fund posts.

0:28:03.324 --> 0:28:09.204
<v Speaker 2>I think my tribe often treats the masses contemptuously, not

0:28:09.244 --> 0:28:13.684
<v Speaker 2>just treat some has contempt for the masses, and therefore

0:28:13.724 --> 0:28:15.724
<v Speaker 2>they think these people are fools, right, And we can

0:28:15.804 --> 0:28:17.604
<v Speaker 2>kind of tell like a little white line of them,

0:28:17.644 --> 0:28:21.644
<v Speaker 2>and they won't figure it out, and it doesn't work, right.

0:28:22.924 --> 0:28:26.924
<v Speaker 2>You know, there were efforts, for example, to repress maybe

0:28:27.044 --> 0:28:29.084
<v Speaker 2>censor is slightly too strong a term, but like to

0:28:29.124 --> 0:28:32.684
<v Speaker 2>repress discussion of like the theory that COVID originated in

0:28:32.804 --> 0:28:35.524
<v Speaker 2>a lab, right, which is now considered by you know,

0:28:35.884 --> 0:28:38.204
<v Speaker 2>roughly a fifty to fifty shot by like several major

0:28:38.364 --> 0:28:42.004
<v Speaker 2>US agencies that have investigated, you know, that didn't actually

0:28:42.004 --> 0:28:44.284
<v Speaker 2>work people the whole time if you ask polls, and no,

0:28:44.404 --> 0:28:47.164
<v Speaker 2>science is not done by poll but people said, yeah,

0:28:47.204 --> 0:28:49.844
<v Speaker 2>actually I would lean lab like if you asked me myself, right,

0:28:51.164 --> 0:28:53.924
<v Speaker 2>you know, I think you know, there are efforts, for example,

0:28:54.044 --> 0:28:57.164
<v Speaker 2>for Biden to tell people don't worry about the fact

0:28:57.204 --> 0:28:59.844
<v Speaker 2>that I'm eighty one years old and Trump is fucking

0:28:59.884 --> 0:29:01.844
<v Speaker 2>seventy eight years old, just turned seventy eight last week,

0:29:01.884 --> 0:29:05.124
<v Speaker 2>by the way, right, it doesn't work. Not every fucking

0:29:05.164 --> 0:29:07.724
<v Speaker 2>person cares about the tone of how the New York

0:29:07.764 --> 0:29:11.284
<v Speaker 2>Times explained something that kind of verify information based on

0:29:11.644 --> 0:29:14.404
<v Speaker 2>their instinct about whether you're honest and truthful and how

0:29:14.484 --> 0:29:16.924
<v Speaker 2>kind of the evidence kind of checks out with their

0:29:16.964 --> 0:29:19.764
<v Speaker 2>own experience in the world. That's one thing that I

0:29:19.764 --> 0:29:21.684
<v Speaker 2>guess global warming has going for it is that people

0:29:21.764 --> 0:29:24.604
<v Speaker 2>do correctly into it that you have things like these

0:29:24.604 --> 0:29:29.004
<v Speaker 2>heat waves coming more often. That's definitely happening more often, right,

0:29:29.044 --> 0:29:32.764
<v Speaker 2>that's unambiguous, whereas things like hurricanes it's more complicated the

0:29:32.804 --> 0:29:34.884
<v Speaker 2>physics of the atmosphere and things like that, and those

0:29:34.924 --> 0:29:38.084
<v Speaker 2>are rareer events. But like it, being really abnormally hot

0:29:39.964 --> 0:29:42.964
<v Speaker 2>probably is more persuasive to people to do something about

0:29:42.964 --> 0:29:46.004
<v Speaker 2>global warming than some rhetorical trick.

0:29:51.364 --> 0:30:05.284
<v Speaker 1>Will be right back, Nate, we were just talking about

0:30:05.284 --> 0:30:09.324
<v Speaker 1>something really serious, you know, climate change, global warming, heat waves.

0:30:10.004 --> 0:30:12.364
<v Speaker 1>But to me, there's something that's really close to my

0:30:12.484 --> 0:30:15.364
<v Speaker 1>heart that this issue is getting at, which is that

0:30:15.444 --> 0:30:20.804
<v Speaker 1>we might be facing another shortage of everyone's, well not everyone's,

0:30:20.844 --> 0:30:23.604
<v Speaker 1>but my favorite hot sauce that I like to add

0:30:23.644 --> 0:30:29.524
<v Speaker 1>to everything, which is Huifong's Siracha sauce, you know, with

0:30:29.564 --> 0:30:34.124
<v Speaker 1>its little green cap and it's little rooster. And there

0:30:34.164 --> 0:30:36.044
<v Speaker 1>was a shortage of it a few years ago, and

0:30:36.084 --> 0:30:38.844
<v Speaker 1>now there might be a second one, and I'm freaking

0:30:38.884 --> 0:30:42.284
<v Speaker 1>out and thinking about all sorts of irrational things like

0:30:42.644 --> 0:30:46.284
<v Speaker 1>should I stock Pilot while it's still available and create

0:30:46.324 --> 0:30:49.644
<v Speaker 1>a shortage by my own irrational behavior? But anyway, I

0:30:49.684 --> 0:30:52.604
<v Speaker 1>think that this is something that's very interesting to talk

0:30:52.644 --> 0:30:54.084
<v Speaker 1>about By the way, did you know that it was

0:30:54.124 --> 0:30:56.804
<v Speaker 1>pronounced si racha, not sri racha, which is the way

0:30:56.844 --> 0:30:59.124
<v Speaker 1>I've been saying it my entire life. I watched some

0:30:59.284 --> 0:31:07.044
<v Speaker 1>videos where Vietnamese individuals corrected pronunciation and I was blown away.

0:31:07.724 --> 0:31:10.244
<v Speaker 2>Just get rid of that extra r doing anything, Just

0:31:10.244 --> 0:31:12.124
<v Speaker 2>get rid of it. I'm just going to confuse people.

0:31:12.684 --> 0:31:16.484
<v Speaker 2>But now it's just siracha. You can ignore the first R.

0:31:17.204 --> 0:31:21.324
<v Speaker 1>Yes, exactly exactly. But in all seriousness, I think that

0:31:21.364 --> 0:31:25.284
<v Speaker 1>there's a really interesting aspect of risk assessment here from

0:31:25.284 --> 0:31:29.244
<v Speaker 1>the corporate standpoint, not just the individual standpoint. So there

0:31:29.244 --> 0:31:31.244
<v Speaker 1>are two reasons why we might be seeing a shortage.

0:31:31.324 --> 0:31:33.964
<v Speaker 1>But one of them is because so the company that

0:31:34.044 --> 0:31:40.404
<v Speaker 1>produces sir Rochessauceuifong, they broke off their relationship with their supplier,

0:31:40.764 --> 0:31:45.004
<v Speaker 1>their long term supplier and their only supply supplier, Underwood Ranches.

0:31:45.044 --> 0:31:48.364
<v Speaker 1>So that relationship broke off in twenty sixteen. So then

0:31:48.484 --> 0:31:52.684
<v Speaker 1>they looked for producers in Mexico. And originally kind of

0:31:52.684 --> 0:31:55.044
<v Speaker 1>the fallout of this was there was a shortage. Now

0:31:55.084 --> 0:31:57.644
<v Speaker 1>there's going to be another shortage because in Mexico we

0:31:57.724 --> 0:32:00.004
<v Speaker 1>have a heat wave and a drought, and so this

0:32:00.044 --> 0:32:02.324
<v Speaker 1>is happening right now, and I think that you know,

0:32:02.364 --> 0:32:04.724
<v Speaker 1>there are two different issues. Obviously the climate change that

0:32:04.764 --> 0:32:08.324
<v Speaker 1>we've just talked about, but also like, I'm sorry when

0:32:08.324 --> 0:32:11.404
<v Speaker 1>I was reading this story and this whole saga of

0:32:11.644 --> 0:32:14.724
<v Speaker 1>Underwood and Quifong in that partnership and how it came

0:32:14.764 --> 0:32:16.884
<v Speaker 1>to be and how it broke up, like this was

0:32:16.964 --> 0:32:19.604
<v Speaker 1>just a list of like what you do not do

0:32:19.964 --> 0:32:22.364
<v Speaker 1>when it comes to risk assessment in business, what you

0:32:22.444 --> 0:32:25.204
<v Speaker 1>do not do when it comes to diversification of your

0:32:25.204 --> 0:32:28.004
<v Speaker 1>supply chain, et cetera, et cetera, et cetera, And so

0:32:28.044 --> 0:32:30.764
<v Speaker 1>it seemed like a lot of bad business decisions that

0:32:30.964 --> 0:32:33.324
<v Speaker 1>might end with me not being able to get the

0:32:33.324 --> 0:32:35.364
<v Speaker 1>sauce I want when I want it.

0:32:37.084 --> 0:32:40.684
<v Speaker 2>Look, I think there are certain types of products that

0:32:42.484 --> 0:32:45.364
<v Speaker 2>are kind of correctly risk averse because they lean very

0:32:45.364 --> 0:32:49.884
<v Speaker 2>heavily on brand loyalty. Right, So first of all, let's

0:32:49.924 --> 0:32:51.604
<v Speaker 2>have a couple. You want to have an honest conversation

0:32:51.684 --> 0:32:56.204
<v Speaker 2>about siracha sauce, Siracha hot sauce. So, first of all,

0:32:56.204 --> 0:32:58.644
<v Speaker 2>it tricks you by having that extra R that you're

0:32:58.644 --> 0:33:01.684
<v Speaker 2>not supposed to pronounce. The brand is also it is

0:33:01.724 --> 0:33:04.204
<v Speaker 2>a great sauce. It's important brand who because some people

0:33:04.204 --> 0:33:06.964
<v Speaker 2>think that, like some people think that siracha is just

0:33:07.004 --> 0:33:11.244
<v Speaker 2>this what's puce you're call It's like who Quong Quifong? Right?

0:33:11.644 --> 0:33:15.244
<v Speaker 2>They actually think that siracha is some like registered trademark

0:33:15.284 --> 0:33:17.924
<v Speaker 2>of Quifong, and it's not. It's just the best known

0:33:18.604 --> 0:33:19.204
<v Speaker 2>brand of it.

0:33:19.924 --> 0:33:20.124
<v Speaker 1>Yeah.

0:33:20.764 --> 0:33:24.884
<v Speaker 2>An article friend from Mackenzie Filson, who is a writer

0:33:25.044 --> 0:33:31.404
<v Speaker 2>for The Kitchen, a subvertical of Yahoo Life. Mackenzie tested

0:33:32.204 --> 0:33:35.844
<v Speaker 2>did a blind taste test of one, two, three, four, five,

0:33:35.924 --> 0:33:39.084
<v Speaker 2>six seven siracha sauces. Do you want to guess where

0:33:39.804 --> 0:33:42.444
<v Speaker 2>the famous rooster bottle of Quifong ended up on that

0:33:42.444 --> 0:33:43.284
<v Speaker 2>blind taste test?

0:33:43.684 --> 0:33:48.644
<v Speaker 1>First? First, No, I'm assuming it's not first, because otherwise

0:33:48.644 --> 0:33:51.484
<v Speaker 1>you would not be asking me. So what was first night?

0:33:52.164 --> 0:33:56.804
<v Speaker 2>First is Ox brand siracha sauce, and then Ninja Squirrel

0:33:57.324 --> 0:33:59.804
<v Speaker 2>Siracha hot sauce was right second.

0:34:00.164 --> 0:34:01.924
<v Speaker 1>Okay, I have to say, that's a really nice name.

0:34:02.364 --> 0:34:05.004
<v Speaker 1>I like Ninja Squirrel. But at the end of the day,

0:34:05.044 --> 0:34:07.684
<v Speaker 1>people are incredibly loyal and they want this sauce. But

0:34:07.724 --> 0:34:10.604
<v Speaker 1>when they can't get that sauce, that's a big, big problem.

0:34:10.844 --> 0:34:13.804
<v Speaker 1>And so it does lead to things that seem to

0:34:13.844 --> 0:34:16.924
<v Speaker 1>be irrational, but to me on an individual level, seem

0:34:16.964 --> 0:34:20.324
<v Speaker 1>completely rational. Like I really want to go after we

0:34:20.444 --> 0:34:22.644
<v Speaker 1>finished taping, I have to go play poker, but I

0:34:22.644 --> 0:34:24.644
<v Speaker 1>would rather go to the store and actually just like

0:34:24.684 --> 0:34:27.884
<v Speaker 1>get five bottles of siracha and just have them just

0:34:27.964 --> 0:34:30.724
<v Speaker 1>in case something happens. Is that a good thing for

0:34:30.764 --> 0:34:32.284
<v Speaker 1>me to do? Or is that a bad thing for

0:34:32.324 --> 0:34:32.764
<v Speaker 1>me to do?

0:34:32.924 --> 0:34:35.444
<v Speaker 2>I mean, it might be selfish what the effective altruists

0:34:35.444 --> 0:34:40.244
<v Speaker 2>say about your hoarding siracha sauce. And it does keep

0:34:40.284 --> 0:34:43.124
<v Speaker 2>by the way, was doing research, it does preserve in

0:34:43.164 --> 0:34:47.284
<v Speaker 2>your fridge for like literally two or fevers, which I'm

0:34:47.284 --> 0:34:50.324
<v Speaker 2>not sure that's the best advertisement for it necessarily, But no,

0:34:50.484 --> 0:34:52.924
<v Speaker 2>what you were saying, I mean, you know, the most

0:34:52.964 --> 0:34:54.964
<v Speaker 2>famous mistake all those some people think it was kind

0:34:55.004 --> 0:34:57.564
<v Speaker 2>of a long game to trick people when Coca Cola

0:34:57.604 --> 0:35:00.204
<v Speaker 2>switched its recipe was kind of the most famous mistake

0:35:00.244 --> 0:35:04.444
<v Speaker 2>in the history of like marketing. When you have an

0:35:04.644 --> 0:35:07.484
<v Speaker 2>iconic brand that is actually a push come to shove.

0:35:07.884 --> 0:35:10.564
<v Speaker 2>If you were to do a blind taste test, I

0:35:10.604 --> 0:35:14.044
<v Speaker 2>doubt that risky business listeners would necessarily be able to

0:35:14.044 --> 0:35:17.164
<v Speaker 2>tell Sirachia and or prefer it. But they have an

0:35:17.284 --> 0:35:19.284
<v Speaker 2>iconic brand and you don't want to fuck with that, right,

0:35:19.444 --> 0:35:20.804
<v Speaker 2>You don't want to say, yeah, it's going to taste

0:35:20.804 --> 0:35:23.124
<v Speaker 2>a little bit different. You thinks actually better. You want

0:35:23.124 --> 0:35:25.884
<v Speaker 2>to preserve that iconicness, and that means I think kind

0:35:25.924 --> 0:35:27.924
<v Speaker 2>of correctly being risk averse when it comes to things

0:35:27.964 --> 0:35:31.604
<v Speaker 2>that would affect affect your product quality.

0:35:31.684 --> 0:35:34.924
<v Speaker 1>Yeah, I think that's right. And you know, going so

0:35:35.484 --> 0:35:39.804
<v Speaker 1>going back to that original dispute, I think that you know,

0:35:40.124 --> 0:35:42.764
<v Speaker 1>there were a lot of mistakes there, given that you

0:35:42.844 --> 0:35:45.524
<v Speaker 1>want to protect the taste and kind of the original

0:35:45.524 --> 0:35:48.484
<v Speaker 1>recipe on the quality. Because first of all, they only

0:35:48.484 --> 0:35:52.404
<v Speaker 1>had one single supplier, so we Fong and Underwood just

0:35:52.444 --> 0:35:57.204
<v Speaker 1>work together. And Underwood's only client was we Fong, So

0:35:57.244 --> 0:36:01.124
<v Speaker 1>they ended up just dedicating hundreds of thousands of acres

0:36:01.164 --> 0:36:05.484
<v Speaker 1>of land too, you know, doing just growing these chili

0:36:05.564 --> 0:36:08.884
<v Speaker 1>so that they could supply this one company. And it

0:36:08.964 --> 0:36:11.044
<v Speaker 1>was a part partnership of the minds of the two

0:36:11.524 --> 0:36:14.724
<v Speaker 1>Potter familiases, right, the two heads of the family. And

0:36:14.764 --> 0:36:17.804
<v Speaker 1>they were all handshake deals, like they didn't have contracts.

0:36:17.844 --> 0:36:19.684
<v Speaker 1>It was all just like okay, this year, we're going

0:36:19.764 --> 0:36:21.404
<v Speaker 1>to give you this much and you're going to pay

0:36:21.484 --> 0:36:24.004
<v Speaker 1>us this much. And I was just reading this and

0:36:24.044 --> 0:36:26.684
<v Speaker 1>I was thinking, holy shit, Like, isn't someone at this

0:36:26.804 --> 0:36:29.804
<v Speaker 1>point like maybe that worked like thirty years ago before

0:36:29.844 --> 0:36:32.164
<v Speaker 1>this became a big deal. Now that we're talking about

0:36:32.324 --> 0:36:34.724
<v Speaker 1>this huge business, isn't someone going to tell them this?

0:36:34.804 --> 0:36:37.444
<v Speaker 1>Say't a good idea? Like as a poker player, I

0:36:37.484 --> 0:36:40.324
<v Speaker 1>know that everything needs to be in writing, right, Like

0:36:40.444 --> 0:36:42.644
<v Speaker 1>if you and I, like we have swaps and events,

0:36:42.684 --> 0:36:45.004
<v Speaker 1>we have those in text messages, right, so we actually

0:36:45.044 --> 0:36:48.124
<v Speaker 1>have the exact thing that like, this is the percentage

0:36:48.124 --> 0:36:51.044
<v Speaker 1>that we've swapped. This is how the swap works, so

0:36:51.084 --> 0:36:53.364
<v Speaker 1>that we have a record. How can you be making

0:36:53.404 --> 0:36:57.444
<v Speaker 1>these deals with just one supplier? You know, no no backup,

0:36:57.564 --> 0:37:00.804
<v Speaker 1>no redundancy, nothing, and it's all a handshake deal. Like

0:37:00.884 --> 0:37:03.324
<v Speaker 1>to me, this is this is just a really weird

0:37:03.364 --> 0:37:07.124
<v Speaker 1>way of thinking about risk as a business owner. So

0:37:07.444 --> 0:37:10.724
<v Speaker 1>obviously to me this is more interesting as consumer because

0:37:10.724 --> 0:37:13.564
<v Speaker 1>it causes these sorts of problems. But as a business owner,

0:37:13.644 --> 0:37:15.884
<v Speaker 1>I think that you want to be thinking about risk

0:37:15.924 --> 0:37:20.164
<v Speaker 1>and more in a way that includes diversification, includes redundancies,

0:37:20.484 --> 0:37:23.844
<v Speaker 1>includes kind of these protections so that shit like this

0:37:23.964 --> 0:37:26.844
<v Speaker 1>doesn't happen, especially when you have things like climate change

0:37:27.004 --> 0:37:28.924
<v Speaker 1>which are already threats to your supply.

0:37:29.684 --> 0:37:32.524
<v Speaker 2>Okay, Maria, we've had fun with our hot Sauce segment.

0:37:32.884 --> 0:37:37.204
<v Speaker 2>What is like the actual investigative takeaway that people can

0:37:38.044 --> 0:37:41.284
<v Speaker 2>apply in their everyday lives here? What do we learn

0:37:41.444 --> 0:37:42.924
<v Speaker 2>from today's episode?

0:37:43.644 --> 0:37:46.884
<v Speaker 1>Well, I think that on an individual basis, we learned

0:37:46.924 --> 0:37:48.844
<v Speaker 1>that it's good for me to stockpile, but nobody else

0:37:48.844 --> 0:37:51.964
<v Speaker 1>should stockpile because that's a rational behavior. However, we did

0:37:52.124 --> 0:37:55.684
<v Speaker 1>learn that long term planning is incredibly important on every

0:37:55.724 --> 0:37:58.644
<v Speaker 1>single level, and that starts at the corporate level, right

0:37:58.884 --> 0:38:02.124
<v Speaker 1>and on an individual level, you know, also planning ahead

0:38:02.204 --> 0:38:05.764
<v Speaker 1>is good. That does not necessarily mean stockpiling, but it

0:38:05.844 --> 0:38:10.684
<v Speaker 1>might involve diversifying your tastes so that you do, you know,

0:38:10.764 --> 0:38:13.524
<v Speaker 1>look at the other competitors so that if there is

0:38:13.564 --> 0:38:17.404
<v Speaker 1>a shortage, you can get what's that squirrel called ninja squirrel?

0:38:17.444 --> 0:38:21.484
<v Speaker 1>You can music fryd ninja squirrel and see if it

0:38:21.564 --> 0:38:24.124
<v Speaker 1>stocks up. So so I think that those are those

0:38:24.124 --> 0:38:26.164
<v Speaker 1>are all kind of things that we need to think about.

0:38:26.364 --> 0:38:28.644
<v Speaker 1>And all of these things, like everything we've talked about

0:38:28.644 --> 0:38:34.124
<v Speaker 1>today is kind of centered on our lack of ability

0:38:34.204 --> 0:38:37.364
<v Speaker 1>to think through risk over the long term, right as

0:38:37.364 --> 0:38:40.364
<v Speaker 1>opposed to immediately and to have that sort of long

0:38:40.484 --> 0:38:42.604
<v Speaker 1>term planning mentality.

0:38:43.204 --> 0:38:45.244
<v Speaker 2>Look, if you're this Saratch company, you don't want people

0:38:45.524 --> 0:38:48.644
<v Speaker 2>to realize is that this is actually not a hot sauce.

0:38:48.684 --> 0:38:52.964
<v Speaker 2>It's a medium sauce, a delicious medium sauce. But like

0:38:53.484 --> 0:38:56.004
<v Speaker 2>if people get hooked on like the Abanniro stuff and

0:38:56.044 --> 0:38:58.644
<v Speaker 2>like the Ghost Pepper stuff, you're screwed, right, So you

0:38:58.724 --> 0:39:02.364
<v Speaker 2>better you better shape up and have some inventory ready

0:39:02.524 --> 0:39:03.924
<v Speaker 2>in Q three. I'll take you that much.

0:39:04.764 --> 0:39:07.884
<v Speaker 1>Absolutely. Please do not make me switch brands. I don't

0:39:07.924 --> 0:39:10.244
<v Speaker 1>want to. I want to remain more to you help

0:39:10.284 --> 0:39:16.124
<v Speaker 1>me do that. Thank you, And now, Nate, I'm going

0:39:16.204 --> 0:39:18.164
<v Speaker 1>to be off to play my next event of the

0:39:18.164 --> 0:39:21.364
<v Speaker 1>World series, which is still not going nearly as well

0:39:21.404 --> 0:39:23.964
<v Speaker 1>as yours. I've had one men cash, Nate one min

0:39:24.044 --> 0:39:25.564
<v Speaker 1>cash in the last.

0:39:25.284 --> 0:39:29.004
<v Speaker 2>Week, Maria. It often tends to turn around. It's kind

0:39:29.004 --> 0:39:31.444
<v Speaker 2>of literally random to some large degree. What's what's the

0:39:31.484 --> 0:39:32.044
<v Speaker 2>event today?

0:39:33.124 --> 0:39:36.124
<v Speaker 1>The event today is a two thousand dollars freeze out event.

0:39:36.524 --> 0:39:42.844
<v Speaker 1>So I'm actually, yeah, I'm excited. I appreciate that. I

0:39:43.004 --> 0:39:45.164
<v Speaker 1>really like freeze out events. So freeze out events for

0:39:45.244 --> 0:39:47.484
<v Speaker 1>non poker players means you can only enter one time,

0:39:47.724 --> 0:39:49.764
<v Speaker 1>and in some ways that's the truest form of poker,

0:39:50.004 --> 0:39:53.164
<v Speaker 1>right If you bust your app, you're done. And I

0:39:53.204 --> 0:39:56.364
<v Speaker 1>love that, and so I'm I'm excited for the freeze outs.

0:39:56.444 --> 0:39:58.804
<v Speaker 1>The main event is a freeze out, So I hope

0:39:58.884 --> 0:40:01.244
<v Speaker 1>Nate that today is a Marie event because so far,

0:40:01.644 --> 0:40:03.724
<v Speaker 1>you know, I've had two cases this whole series. I mean,

0:40:03.724 --> 0:40:05.564
<v Speaker 1>I've only played for two weeks, so it's one a week.

0:40:05.604 --> 0:40:08.844
<v Speaker 1>But still it feels like I'm not I'm not doing

0:40:08.884 --> 0:40:12.364
<v Speaker 1>that well and it's time to turn things around.

0:40:12.724 --> 0:40:15.204
<v Speaker 2>Do you feel like you're still playing your A game

0:40:15.324 --> 0:40:17.764
<v Speaker 2>or or is it getting to be a grind?

0:40:18.484 --> 0:40:20.604
<v Speaker 1>No? No, I think I think that it was really nice.

0:40:20.964 --> 0:40:22.804
<v Speaker 1>You know, I took that week off and so I'm

0:40:22.804 --> 0:40:25.604
<v Speaker 1>actually pretty fresh still. And then I took two days off.

0:40:26.324 --> 0:40:29.364
<v Speaker 1>I didn't play Friday or Saturday, which I think is

0:40:29.404 --> 0:40:31.444
<v Speaker 1>important to take these breaks so I actually practice what

0:40:31.484 --> 0:40:34.124
<v Speaker 1>I preach right in my tips for the World Series,

0:40:34.164 --> 0:40:36.204
<v Speaker 1>I said you need to kind of take brain breaks,

0:40:36.204 --> 0:40:39.964
<v Speaker 1>and I did do exactly that. I went hiking on Saturday.

0:40:40.084 --> 0:40:42.844
<v Speaker 1>I ran into a mountain lion, so it wasn't as

0:40:42.924 --> 0:40:46.124
<v Speaker 1>relaxing as I would have wanted it to be. Yes,

0:40:46.604 --> 0:40:48.924
<v Speaker 1>but here I am to tell the tale. But that

0:40:49.084 --> 0:40:52.204
<v Speaker 1>was not the most relaxing hike in the world. PSA.

0:40:52.324 --> 0:40:54.724
<v Speaker 1>There are lots of mountain lions in the Spring Mountains.

0:40:55.124 --> 0:40:57.764
<v Speaker 1>Normally you never see them, but when they start growling

0:40:57.764 --> 0:41:01.164
<v Speaker 1>at you, it means that you have inadvertently impinged on

0:41:01.204 --> 0:41:04.204
<v Speaker 1>their territory, and it's probably a good idea to back

0:41:04.244 --> 0:41:06.604
<v Speaker 1>away and get the fuck out of there, which is

0:41:06.604 --> 0:41:07.004
<v Speaker 1>why I did.

0:41:07.044 --> 0:41:10.364
<v Speaker 2>I didn't intuitively know that we're lion in Las Vegas.

0:41:10.844 --> 0:41:12.724
<v Speaker 1>Oh, there are tons of mountain lions, so the Spring

0:41:12.764 --> 0:41:15.204
<v Speaker 1>Mountains have a lot of them. Red Rock even has some.

0:41:15.444 --> 0:41:18.164
<v Speaker 1>But yes, you are talking to someone who escaped from

0:41:18.204 --> 0:41:22.124
<v Speaker 1>a mountain lion relatively unscathed. I have a I have

0:41:22.324 --> 0:41:25.484
<v Speaker 1>a little uh. Yeah, I have a little cut cut

0:41:25.564 --> 0:41:28.204
<v Speaker 1>up from a fall, as I had as I tried

0:41:28.244 --> 0:41:29.804
<v Speaker 1>to get away. But otherwise I'm good.

0:41:30.484 --> 0:41:33.804
<v Speaker 2>Do lions like siracha? Could it be like?

0:41:35.324 --> 0:41:38.724
<v Speaker 1>Excellent? Excellent idea? I will I will try that next time.

0:41:38.924 --> 0:41:41.924
<v Speaker 2>Join us next time and we will experiment with mountain

0:41:42.004 --> 0:41:46.364
<v Speaker 2>lions and sches sauce A.

0:41:49.324 --> 0:41:52.564
<v Speaker 1>Risky Business is hosted by me Maria Kanakova and me

0:41:52.764 --> 0:41:55.804
<v Speaker 1>Mate Silver. The show is a co production of Pushkin

0:41:55.884 --> 0:42:00.444
<v Speaker 1>Industries and iHeartMedia. This episode was produced by Isabelle Carter.

0:42:00.804 --> 0:42:04.684
<v Speaker 1>Our associate producer is Gabriel Hunter Chang. Our executive producer

0:42:04.724 --> 0:42:05.604
<v Speaker 1>is Jacob Goldstein.

0:42:06.204 --> 0:42:08.524
<v Speaker 2>And if you want to listen to and add three version,

0:42:08.564 --> 0:42:11.204
<v Speaker 2>sign up for pushkar Plus for six thirty nine a month.

0:42:11.484 --> 0:42:14.484
<v Speaker 2>You get access to adre listening. Thanks for tuning in.