1 00:00:15,436 --> 00:00:23,276 Speaker 1: Pushkin. The COVID nineteen pandemic was a boom time for 2 00:00:23,356 --> 00:00:27,556 Speaker 1: the world's billionaires, who gained nearly two trillion dollars of 3 00:00:27,596 --> 00:00:31,956 Speaker 1: wealth in twenty twenty alone. As CNBC reported at the 4 00:00:31,996 --> 00:00:35,236 Speaker 1: height of the pandemic, one of those billionaires was fast 5 00:00:35,276 --> 00:00:38,076 Speaker 1: climbing the list of the world's richest people. 6 00:00:38,316 --> 00:00:42,036 Speaker 2: Ewon Musk just past Bill Gates become the second richest 7 00:00:42,076 --> 00:00:44,436 Speaker 2: man in the world, with a fortune of over one 8 00:00:44,556 --> 00:00:46,596 Speaker 2: hundred and twenty eight billion dollars. 9 00:00:46,796 --> 00:00:49,756 Speaker 1: For a while, he jockeyed for the top place with 10 00:00:49,836 --> 00:00:50,756 Speaker 1: other tech giants. 11 00:00:51,036 --> 00:00:53,796 Speaker 3: Altogether, the worth of those on the list is thirteen 12 00:00:53,836 --> 00:00:58,156 Speaker 3: point one trillion dollars, up from eight trillion last year, 13 00:00:58,476 --> 00:01:01,356 Speaker 3: the rise occurring as most the world was shut down 14 00:01:01,636 --> 00:01:02,756 Speaker 3: during the pandemic. 15 00:01:03,236 --> 00:01:05,916 Speaker 1: By the end of that year, Elon Musk had become 16 00:01:06,316 --> 00:01:08,956 Speaker 1: the richest man in the world. It was also during 17 00:01:08,996 --> 00:01:13,076 Speaker 1: the pandemic that Musk underwent a political conversion, moving to 18 00:01:13,116 --> 00:01:15,796 Speaker 1: the right. By twenty twenty four, he'd become one of 19 00:01:15,836 --> 00:01:17,476 Speaker 1: Donald Trump's closest advisors. 20 00:01:17,916 --> 00:01:21,956 Speaker 4: Take Over Elaid, Yes, take Elon Musk is taking over 21 00:01:22,396 --> 00:01:25,516 Speaker 4: with an Act to government spending in a newly created 22 00:01:25,556 --> 00:01:29,836 Speaker 4: Department of Government Efficiency, or DOGE, which is also the 23 00:01:29,916 --> 00:01:33,156 Speaker 4: name of a cryptocurrency inspired by a dog meme. 24 00:01:33,756 --> 00:01:38,116 Speaker 1: Doge the Department of Government Efficiency, staffed by Silicon Valley 25 00:01:38,276 --> 00:01:42,356 Speaker 1: entrepreneurs and engineers hoping to make use of artificial intelligence 26 00:01:42,796 --> 00:01:48,556 Speaker 1: to reinvent American government. Welcome to x Men. The Elon 27 00:01:48,676 --> 00:01:53,076 Speaker 1: Musk origin Story. I'm Jill Lapour. I'm a historian professor 28 00:01:53,116 --> 00:01:55,916 Speaker 1: at Harvard. This episode is the fifth in a series 29 00:01:55,956 --> 00:01:59,596 Speaker 1: I've been hosting about a new kind of capitalism called Muskism. 30 00:01:59,876 --> 00:02:06,636 Speaker 1: Extravagant extreme capitalism, extraterrestrial capitalism, a form of capitalism influenced 31 00:02:06,756 --> 00:02:10,676 Speaker 1: by fantasies that come from science fiction. It's all bound 32 00:02:10,756 --> 00:02:13,796 Speaker 1: up with a tech bro vibe, comic books and superheroes, 33 00:02:14,156 --> 00:02:18,996 Speaker 1: fantasy and video games. The tech overlords as the Lords 34 00:02:19,116 --> 00:02:23,116 Speaker 1: of the Rings. This episode is called The Doge Father. 35 00:02:23,596 --> 00:02:28,596 Speaker 1: Elon Musk, Money, cryptocurrency, and the rise of techno Libertarianism. 36 00:02:32,676 --> 00:02:36,836 Speaker 1: As Donald Trump took office in twenty seventeen, Elon Musk 37 00:02:36,876 --> 00:02:41,476 Speaker 1: had achieved phenomenal really almost unbelievable success, especially with Tesla 38 00:02:41,796 --> 00:02:45,876 Speaker 1: and SpaceX, both of which were headquartered in California. He 39 00:02:46,036 --> 00:02:48,676 Speaker 1: was then a darling of the press it seemed as 40 00:02:48,676 --> 00:02:51,676 Speaker 1: though anytime Musk did anything at all, even just tweeting, 41 00:02:51,956 --> 00:02:55,236 Speaker 1: newsroom phones lit up. He was a golden boy with 42 00:02:55,356 --> 00:02:58,516 Speaker 1: super fans who adored him as a real life Tony 43 00:02:58,516 --> 00:03:04,716 Speaker 1: Stark iron Man. Then came COVID the coronavirus. Panic is dumb, 44 00:03:05,076 --> 00:03:09,276 Speaker 1: Musk tweeted on March sixth, twenty Twenty days later, the 45 00:03:09,316 --> 00:03:12,596 Speaker 1: governor of California announced that the state would shut down, 46 00:03:13,036 --> 00:03:17,036 Speaker 1: that we direct a statewide order for people to stay 47 00:03:17,076 --> 00:03:20,596 Speaker 1: at home. Musk was furious, and we are confident that 48 00:03:20,636 --> 00:03:23,596 Speaker 1: the people of the state of California will abide by it. 49 00:03:23,796 --> 00:03:26,356 Speaker 1: They'll do the right thing. Musk vowed to keep his 50 00:03:26,436 --> 00:03:31,556 Speaker 1: Tesla factory open, tweeting Free America Now, Elon Musk is 51 00:03:31,676 --> 00:03:35,076 Speaker 1: escalating his fight with a California county, restarting a Tesla 52 00:03:35,116 --> 00:03:38,556 Speaker 1: factory in Fremont despite a stay at home order there. Then, 53 00:03:38,716 --> 00:03:42,476 Speaker 1: in protest of California's strict regulations, Musk announced that he 54 00:03:42,556 --> 00:03:45,996 Speaker 1: was moving to lightly regulated Texas and had decided to 55 00:03:45,996 --> 00:03:50,396 Speaker 1: build Tesla's gigafactory there too. We approached both Tesla and 56 00:03:50,436 --> 00:03:53,316 Speaker 1: SpaceX for a response on several points in the series, 57 00:03:53,796 --> 00:03:55,676 Speaker 1: but at the time of the recording, we had not 58 00:03:55,716 --> 00:03:59,196 Speaker 1: received a reply, one way or another. Musk had become 59 00:03:59,396 --> 00:04:04,876 Speaker 1: a culture warrior, tweeting and tweeting and getting richer and richer. Meanwhile, 60 00:04:04,956 --> 00:04:07,636 Speaker 1: during the pandemic, the contrast between the suffering of the 61 00:04:07,676 --> 00:04:10,436 Speaker 1: masses and the vasting increase of wealth among a very 62 00:04:10,476 --> 00:04:15,036 Speaker 1: few provoked a backlash. In the US, Senator Bernard Sanders 63 00:04:15,076 --> 00:04:19,356 Speaker 1: proposed the Make Billionaires Pay Act, a one time tax 64 00:04:19,356 --> 00:04:22,236 Speaker 1: on American billionaires to help cover the out of pocket 65 00:04:22,276 --> 00:04:27,396 Speaker 1: medical expenses of ordinary Americans for one year. Musk then 66 00:04:27,436 --> 00:04:30,596 Speaker 1: got into a Twitter war with Sanders. Sanders claimed Musk's 67 00:04:30,596 --> 00:04:33,156 Speaker 1: wealth had been made possible by billions of dollars in 68 00:04:33,196 --> 00:04:37,756 Speaker 1: government subsidies for his corporations. Musk suggested that Sanders should 69 00:04:37,796 --> 00:04:41,996 Speaker 1: leave him alone because Tesla is saving the planet. Musk 70 00:04:42,036 --> 00:04:44,276 Speaker 1: may not have been saving the planet, but his influence, 71 00:04:44,476 --> 00:04:48,316 Speaker 1: especially on markets, kept growing. Like a lot of people, 72 00:04:48,396 --> 00:04:53,036 Speaker 1: during the pandemic, Musk spent more time than ever online. 73 00:04:53,156 --> 00:04:57,476 Speaker 1: The number of his Twitter followers skyrocketed. As CNBC reported 74 00:04:57,516 --> 00:05:00,396 Speaker 1: in twenty twenty one, markets seem to hang on his 75 00:05:00,516 --> 00:05:01,156 Speaker 1: every word. 76 00:05:01,716 --> 00:05:04,636 Speaker 5: One thing we've learned lately is that when Elon Musk tweets. 77 00:05:04,916 --> 00:05:07,236 Speaker 5: The news cycle follows him, and in fact he does 78 00:05:07,276 --> 00:05:09,196 Speaker 5: have a series of tweets in the past few minutes 79 00:05:09,516 --> 00:05:13,596 Speaker 5: says I'm selling almost all physical possessions. Will own no house, 80 00:05:14,076 --> 00:05:18,436 Speaker 5: says Tesla. Stock price is too high im in my opinion, 81 00:05:18,916 --> 00:05:22,036 Speaker 5: and now give people back their freedom. It's going to 82 00:05:22,036 --> 00:05:24,436 Speaker 5: get attention. Stock now down almost seven percent. 83 00:05:24,996 --> 00:05:29,436 Speaker 1: This became a signature feature of Muskism long before a 84 00:05:29,516 --> 00:05:32,796 Speaker 1: Musk bought Twitter. A single tweet by a single person, 85 00:05:33,476 --> 00:05:36,476 Speaker 1: not an announcement from a central bank, could drive a 86 00:05:36,516 --> 00:05:40,836 Speaker 1: stock price or hobble a currency market. In January twenty 87 00:05:40,836 --> 00:05:44,756 Speaker 1: twenty one, after the insurrection at the US capital Twitter 88 00:05:44,876 --> 00:05:49,836 Speaker 1: band Trump with Trump Gone, Musk became the loudest voice 89 00:05:49,836 --> 00:05:53,196 Speaker 1: in the room. The Love Hate Twitter account to follow. 90 00:05:53,796 --> 00:05:57,916 Speaker 1: He started tweeting about cryptocurrency Bitcoin and a joke coin 91 00:05:58,036 --> 00:06:04,476 Speaker 1: called dogecoin. If Trump's tweets destabilized American politics, Musk's tweets 92 00:06:04,676 --> 00:06:08,556 Speaker 1: seemed to be destabilizing financial markets. A lot of headlines 93 00:06:08,556 --> 00:06:11,876 Speaker 1: had to do with the fictive quality of money. After all, 94 00:06:12,116 --> 00:06:15,316 Speaker 1: all forms of currency are acts of imagination. As Douglas 95 00:06:15,356 --> 00:06:18,196 Speaker 1: Adams pointed out so well in the Hitchhiker's Guide to 96 00:06:18,236 --> 00:06:18,836 Speaker 1: the Galaxy. 97 00:06:19,316 --> 00:06:22,396 Speaker 6: In fact, there are three freely convertible currencies in the universe, 98 00:06:22,476 --> 00:06:26,116 Speaker 6: but the Alterian dollar has recently collapsed, the Flanian pobble 99 00:06:26,156 --> 00:06:29,116 Speaker 6: bead is only exchangeable for other Flanian pobble beads, and 100 00:06:29,156 --> 00:06:33,196 Speaker 6: the trigantic pew doesn't really count as money. Its exchange 101 00:06:33,236 --> 00:06:35,636 Speaker 6: rate of six ningyas to one pew is simple, but 102 00:06:35,796 --> 00:06:38,996 Speaker 6: since a ninga is a triangular rubber coin eight hundred 103 00:06:38,996 --> 00:06:41,316 Speaker 6: miles long each side, no one has ever collected enough 104 00:06:41,356 --> 00:06:44,276 Speaker 6: to own one pew. Ning is a not negotiable currency 105 00:06:44,356 --> 00:06:48,076 Speaker 6: because the galactic banks refuse to deal in fiddling small change. 106 00:06:48,156 --> 00:06:50,876 Speaker 6: From this basic premise, it's very simple to prove that 107 00:06:50,956 --> 00:06:54,476 Speaker 6: the Galectic banks are also the products of a deranged imagination. 108 00:06:56,636 --> 00:06:58,916 Speaker 1: I've spent a lot of time in this investigation of 109 00:06:59,036 --> 00:07:02,436 Speaker 1: Musk with Hitchhiker's Guide, because Musk read it as a 110 00:07:02,516 --> 00:07:05,356 Speaker 1: kid growing up in South Africa, and he cites it 111 00:07:05,396 --> 00:07:09,036 Speaker 1: all the time. But Hitchhiker's Guide is a strange influence 112 00:07:09,236 --> 00:07:12,996 Speaker 1: for Muscuism, partly because Adams was so brutally gut wrenchingly 113 00:07:13,036 --> 00:07:16,156 Speaker 1: funny about the arbitrariness of money and the follies of 114 00:07:16,236 --> 00:07:19,076 Speaker 1: financial schemers and assorted idiot executives. 115 00:07:19,636 --> 00:07:21,356 Speaker 7: If we could, for a moment move on to the 116 00:07:21,356 --> 00:07:23,116 Speaker 7: subject of fiscal policy. 117 00:07:22,916 --> 00:07:25,836 Speaker 8: School policy, How can you have money if none of 118 00:07:25,836 --> 00:07:27,316 Speaker 8: you actually produce anything? 119 00:07:27,476 --> 00:07:29,316 Speaker 2: It doesn't grow on tree? 120 00:07:29,516 --> 00:07:32,356 Speaker 1: And Adams was particularly devastating on the subject of the 121 00:07:32,436 --> 00:07:36,676 Speaker 1: damage done to the natural world by advanced extractive capitalism. 122 00:07:36,836 --> 00:07:39,276 Speaker 7: Since we decided a few weeks ago to adopt leaves 123 00:07:39,276 --> 00:07:42,756 Speaker 7: as legal tender, we have, of course, or become immensely rich. 124 00:07:45,356 --> 00:07:48,476 Speaker 7: We have also run into a small instation problem on 125 00:07:48,476 --> 00:07:50,956 Speaker 7: account of the high level of leaf availability, which means 126 00:07:50,956 --> 00:07:54,076 Speaker 7: that I gather the current going rate has something like 127 00:07:54,156 --> 00:07:58,516 Speaker 7: three major deciduous forests buying one ship's peanuts. So in 128 00:07:58,636 --> 00:08:01,476 Speaker 7: order to obviate this problem and defectively revalue the leaf, 129 00:08:01,836 --> 00:08:04,716 Speaker 7: we are about to embark on an extensive defiliation campaign 130 00:08:04,796 --> 00:08:08,476 Speaker 7: and burn down all the forests. I think that's a 131 00:08:08,516 --> 00:08:11,596 Speaker 7: sensible movie economic time. 132 00:08:15,716 --> 00:08:18,996 Speaker 1: If you've been following the story of cryptocurrency, this scene 133 00:08:19,036 --> 00:08:22,036 Speaker 1: from Hitchhiker's Guide might sound a little too on the nose. 134 00:08:22,596 --> 00:08:25,676 Speaker 1: In twenty twenty one, Musk announced that Tesla was buying 135 00:08:25,716 --> 00:08:28,276 Speaker 1: millions of dollars of bitcoin and that you could buy 136 00:08:28,316 --> 00:08:32,076 Speaker 1: a Tesla with bitcoin, until he changed his mind, citing 137 00:08:32,076 --> 00:08:34,796 Speaker 1: the sort of environmental concerns that I looked into in 138 00:08:34,836 --> 00:08:37,956 Speaker 1: an earlier episode of this series. It turns out that 139 00:08:37,996 --> 00:08:41,676 Speaker 1: mining bitcoin really is burning down the forests. But you 140 00:08:41,796 --> 00:08:46,076 Speaker 1: can buy Tesla merchandise with doge coin, and maybe you 141 00:08:46,156 --> 00:08:53,676 Speaker 1: can sway a presidential election. In the twenty twenty four 142 00:08:53,876 --> 00:08:58,396 Speaker 1: US presidential election, nearly half of all corporate spending came 143 00:08:58,516 --> 00:09:02,836 Speaker 1: from the cryptocurrency industry. Some of that money went to Democrats, 144 00:09:03,156 --> 00:09:07,116 Speaker 1: but most of it went to Republicans. Among the billionaires 145 00:09:07,156 --> 00:09:10,476 Speaker 1: celebrating the announcement of doge that Apartment of government efficiency 146 00:09:10,996 --> 00:09:16,236 Speaker 1: was the CEO of the cryptocurrency company Coinbase. Cryptocurrency is 147 00:09:16,356 --> 00:09:22,356 Speaker 1: essentially money without government, a libertarian's dream. Doge's mandate is 148 00:09:22,396 --> 00:09:26,796 Speaker 1: to reduce government spending and to eliminate government regulations. The 149 00:09:26,836 --> 00:09:29,276 Speaker 1: second of these is a lot easier than the first. 150 00:09:29,436 --> 00:09:32,876 Speaker 1: What dismantling regulations might mean for money is a story, 151 00:09:32,876 --> 00:09:35,756 Speaker 1: though that goes back to the beginning of those regulations. 152 00:09:40,276 --> 00:09:44,156 Speaker 1: The kerfuffle over bitcoin really dates to eighteen forty eight 153 00:09:44,436 --> 00:09:47,556 Speaker 1: and the discovery of gold in California. A flood of 154 00:09:47,596 --> 00:09:50,556 Speaker 1: gold retavoc on the US dollar, and so as the 155 00:09:50,596 --> 00:09:54,196 Speaker 1: federal government took on new powers, it adopted a gold standard, 156 00:09:54,276 --> 00:09:56,716 Speaker 1: which set a rate for the price of paper currency. 157 00:09:57,436 --> 00:10:00,476 Speaker 1: Europe then did the same thing. This ushered in a 158 00:10:00,516 --> 00:10:04,716 Speaker 1: new era of global trade, and not incidentally, the grotesque 159 00:10:04,716 --> 00:10:08,636 Speaker 1: economic inequality of the Gilded Age. Farmers and factory workers 160 00:10:08,716 --> 00:10:12,156 Speaker 1: argued for a silver standard, but the US formally established 161 00:10:12,196 --> 00:10:16,196 Speaker 1: the gold standard in the year nineteen hundred. That same year, 162 00:10:16,476 --> 00:10:19,756 Speaker 1: a science fiction writer named Garrett P. Servis imagined a 163 00:10:19,756 --> 00:10:23,916 Speaker 1: different outcome in a novel called Moon Metal, in which 164 00:10:23,956 --> 00:10:26,836 Speaker 1: gold is discovered at the South Pole, setting off a 165 00:10:26,876 --> 00:10:27,836 Speaker 1: second gold rush. 166 00:10:29,236 --> 00:10:33,036 Speaker 9: Gold is going to be as plentiful as ire. If 167 00:10:33,036 --> 00:10:35,636 Speaker 9: there were not such a flood of it, we might manage. 168 00:10:35,676 --> 00:10:38,396 Speaker 9: But when they begin to make trouser buttons out of 169 00:10:38,436 --> 00:10:40,996 Speaker 9: the same metal that is now locked and guarded in 170 00:10:41,116 --> 00:10:44,276 Speaker 9: steel vaults wound, where will be our standard of worth? 171 00:10:45,276 --> 00:10:48,156 Speaker 9: My dear fellow, I would as willingly face the end 172 00:10:48,316 --> 00:10:50,636 Speaker 9: of the world as this that's coming. 173 00:10:51,476 --> 00:10:55,396 Speaker 1: Just then, a sinister scientist discovers a mysterious new metal 174 00:10:55,436 --> 00:10:57,756 Speaker 1: on the Moon which he can beam to Earth by 175 00:10:57,796 --> 00:11:00,756 Speaker 1: way of a particle ray and introduces a new and 176 00:11:00,836 --> 00:11:02,676 Speaker 1: more precious form of currency. 177 00:11:03,236 --> 00:11:07,116 Speaker 8: I can produce it in the pure form abundantly enough 178 00:11:07,116 --> 00:11:11,516 Speaker 8: to replace gold, giving the same relative value and the 179 00:11:11,676 --> 00:11:16,356 Speaker 8: gold possessed when it was the universal stand. 180 00:11:15,516 --> 00:11:19,596 Speaker 9: But that will make you the richest man who ever lived. Undoubtedly, 181 00:11:20,156 --> 00:11:23,596 Speaker 9: why you will become the financial dictator of the whole earth. 182 00:11:24,236 --> 00:11:30,076 Speaker 1: Undoubtedly, currency is always a worry. Its value is so contrived, 183 00:11:30,116 --> 00:11:34,076 Speaker 1: so imaginary, but also so important. After the stock market 184 00:11:34,156 --> 00:11:36,916 Speaker 1: crash of nineteen twenty nine, people took their money out 185 00:11:36,956 --> 00:11:39,796 Speaker 1: of the banks and turned in their paper dollars for gold. 186 00:11:40,316 --> 00:11:43,236 Speaker 1: In the nineteen thirties, the US abandoned the gold standard, 187 00:11:43,396 --> 00:11:46,516 Speaker 1: at least for the duration of the depression, and prohibited 188 00:11:46,556 --> 00:11:49,676 Speaker 1: the private ownership of gold. If you've been listening to 189 00:11:49,836 --> 00:11:52,556 Speaker 1: x Men for the last few episodes, you'll remember that 190 00:11:52,636 --> 00:11:55,916 Speaker 1: it was during this era that in Canada, Elon Musk's 191 00:11:55,956 --> 00:12:00,236 Speaker 1: grandfather joined and became a leader of the technocracy movement, 192 00:12:00,996 --> 00:12:04,756 Speaker 1: founded on the belief that engineers could solve all political, 193 00:12:04,876 --> 00:12:09,396 Speaker 1: social and economic problems. Technocrats did not believe in price. 194 00:12:10,356 --> 00:12:14,676 Speaker 2: By price system is not meant merely the capitalistic system, 195 00:12:14,716 --> 00:12:18,556 Speaker 2: which is only one variety of the species. It means 196 00:12:18,596 --> 00:12:22,876 Speaker 2: the collapse and complete obsolescence of the entire method of 197 00:12:23,036 --> 00:12:27,276 Speaker 2: distributing goods and services by means of a price. 198 00:12:28,076 --> 00:12:30,796 Speaker 1: Technocrats didn't believe in prices because they didn't believe in 199 00:12:30,876 --> 00:12:34,156 Speaker 1: any system not run by engineers. They wanted to get 200 00:12:34,236 --> 00:12:36,356 Speaker 1: rid of both governments and banks. 201 00:12:36,956 --> 00:12:41,236 Speaker 2: There will be no place for politics or politicians, finance 202 00:12:41,356 --> 00:12:45,476 Speaker 2: or financiers. Rackets are racketeers. 203 00:12:45,356 --> 00:12:49,116 Speaker 1: In place of prices and money. Technocrats wanted to reimagine 204 00:12:49,156 --> 00:12:52,916 Speaker 1: the entire economic system with a new currency, a unit 205 00:12:52,956 --> 00:12:57,596 Speaker 1: of energy, an erg whose stability would eradicate the volatility 206 00:12:57,596 --> 00:12:58,236 Speaker 1: of finance. 207 00:12:58,756 --> 00:13:02,596 Speaker 2: A dollar may be worth in buying power so much 208 00:13:02,716 --> 00:13:07,516 Speaker 2: today and moral less tomorrow, but a unit of work 209 00:13:07,796 --> 00:13:12,316 Speaker 2: or heat is the same in nineteen hundred, nineteen twenty nine, 210 00:13:12,916 --> 00:13:16,516 Speaker 2: nineteen thirty three, all the year two thousand. 211 00:13:17,476 --> 00:13:20,116 Speaker 1: The URG never did replace the dollar, and the US 212 00:13:20,276 --> 00:13:24,036 Speaker 1: formally abandoned the gold standard in nineteen seventy six, But 213 00:13:24,156 --> 00:13:26,796 Speaker 1: starting in two thousand and nine, people who want to 214 00:13:26,796 --> 00:13:30,356 Speaker 1: trade in units other than dollars can buy bitcoins. Bitcoin 215 00:13:30,436 --> 00:13:34,076 Speaker 1: a cryptocurrency isn't based on anything of value, Although not 216 00:13:34,196 --> 00:13:37,476 Speaker 1: unlike the URG, it has some relationship to energy, the 217 00:13:37,596 --> 00:13:41,116 Speaker 1: energy it takes to produce it. After Trump's election in 218 00:13:41,156 --> 00:13:45,036 Speaker 1: twenty sixteen, the price of bitcoin skyrocketed higher than it 219 00:13:45,036 --> 00:13:48,636 Speaker 1: had ever been before, and Trump withdrew the US from 220 00:13:48,636 --> 00:13:52,636 Speaker 1: the Paris Climate Accords. But bitcoin's value, like the value 221 00:13:52,676 --> 00:13:55,956 Speaker 1: of other money, only exists if you believe it exists. 222 00:13:56,476 --> 00:13:59,756 Speaker 1: JP Morgan once suggested that bitcoin was poised to become 223 00:13:59,876 --> 00:14:01,396 Speaker 1: the new gold standard. 224 00:14:01,756 --> 00:14:07,356 Speaker 10: Cryptocurrencies were designed to make payments without a trusted third party, 225 00:14:07,476 --> 00:14:10,436 Speaker 10: such as a government or a financial institution involved. 226 00:14:11,236 --> 00:14:14,476 Speaker 1: Ishuar Prasad is an economist at Cornell University and a 227 00:14:14,476 --> 00:14:18,116 Speaker 1: fellow at the Brookings Institute. He believes cryptocurrency has set 228 00:14:18,156 --> 00:14:21,836 Speaker 1: off a revolution, a foundational change in finance, but that 229 00:14:21,916 --> 00:14:24,396 Speaker 1: bitcoin itself has not met its objectives. 230 00:14:24,676 --> 00:14:27,596 Speaker 10: Bitcoin has really ended up failing in what it was 231 00:14:27,636 --> 00:14:32,116 Speaker 10: supposed to provide, which is a cheap, trustless medium of exchange. 232 00:14:32,236 --> 00:14:35,156 Speaker 10: It turns out it is not anonymous, it turns out 233 00:14:35,196 --> 00:14:37,796 Speaker 10: it is not cheap, and it is not very efficient. 234 00:14:37,956 --> 00:14:42,236 Speaker 10: So Bitcoin has centered up becoming a pure speculative asset. 235 00:14:42,836 --> 00:14:47,196 Speaker 1: The technology underlying cryptocurrencies, Prosad argues, well, have all kinds 236 00:14:47,196 --> 00:14:50,236 Speaker 1: of effects on finance. It really is the future. But 237 00:14:50,316 --> 00:14:54,516 Speaker 1: he's not persuaded that, as some advocates claim, cryptocurrencies will 238 00:14:54,556 --> 00:14:55,996 Speaker 1: democratize finance. 239 00:14:56,436 --> 00:15:00,916 Speaker 10: They've made it possible for people with very low incomes, 240 00:15:01,036 --> 00:15:04,236 Speaker 10: very low levels of wealth, to get relatively easy access 241 00:15:04,396 --> 00:15:09,316 Speaker 10: to digital payments and also to basic banking products. The 242 00:15:09,396 --> 00:15:14,116 Speaker 10: problem is that digital access is unequal and financial literacy 243 00:15:14,156 --> 00:15:17,356 Speaker 10: is unequal. So you might give people easy access to 244 00:15:17,396 --> 00:15:20,076 Speaker 10: a lot of products, but if you don't teach them 245 00:15:20,316 --> 00:15:23,236 Speaker 10: the risks emburied in those products, then you might end 246 00:15:23,316 --> 00:15:27,156 Speaker 10: up with the relatively less well off taking on much 247 00:15:27,196 --> 00:15:30,436 Speaker 10: more risks than they realize that they're taking on, and 248 00:15:30,596 --> 00:15:34,156 Speaker 10: the rich ending up being able to use these technologies 249 00:15:34,316 --> 00:15:37,356 Speaker 10: much more to their advantage, so they become even better 250 00:15:37,396 --> 00:15:38,516 Speaker 10: off than they are right now. 251 00:15:39,356 --> 00:15:43,316 Speaker 1: Dogecoin, a cryptocurrency based on nothing except a meme about 252 00:15:43,356 --> 00:15:46,796 Speaker 1: a dog, was started by a software engineer named Jackson 253 00:15:46,836 --> 00:15:50,316 Speaker 1: Palmer as a joke. Palmer later wrote an article called 254 00:15:50,796 --> 00:15:54,716 Speaker 1: my joke, Cryptocurrency hit two billion dollars and something is 255 00:15:54,916 --> 00:15:58,476 Speaker 1: Very wrong, in which he said that cryptocurrency, for all 256 00:15:58,516 --> 00:16:02,636 Speaker 1: its promise, had become nothing more than an unregulated penny 257 00:16:02,676 --> 00:16:07,476 Speaker 1: stock market. In twenty nineteen, after people started tweeting that 258 00:16:07,676 --> 00:16:10,956 Speaker 1: Musk should be the CEO of dogecoin, he said it 259 00:16:11,036 --> 00:16:16,876 Speaker 1: was his favorite cryptocurrency. Doge coin's value skyrocketed, Musk kept 260 00:16:16,916 --> 00:16:20,476 Speaker 1: tweeting about it, and up when its price he started 261 00:16:20,476 --> 00:16:24,596 Speaker 1: calling himself the doge Father. Musk talked about doge coin 262 00:16:24,716 --> 00:16:28,236 Speaker 1: on Clubhouse, an online chat room that was briefly popular 263 00:16:28,276 --> 00:16:29,276 Speaker 1: with Silicon. 264 00:16:28,916 --> 00:16:31,956 Speaker 11: Valley occasionally make jokes about dogecoin that are really just 265 00:16:31,996 --> 00:16:33,836 Speaker 11: meant to be joked, but dose coin was made as 266 00:16:33,876 --> 00:16:37,036 Speaker 11: a joke to make fun of cryptocurrencies. Obviously, but fate 267 00:16:37,116 --> 00:16:40,396 Speaker 11: loves irony, and as part of my says that the 268 00:16:40,396 --> 00:16:42,956 Speaker 11: most ironic outcome is most likely, or I say the 269 00:16:42,996 --> 00:16:47,476 Speaker 11: most entertaining outcome is often most likely and arguably the 270 00:16:47,476 --> 00:16:50,636 Speaker 11: most entertaining outcome, and the most ironic outcome would be 271 00:16:50,676 --> 00:16:53,836 Speaker 11: that dogecoin becomes the currency of Earth in the future. 272 00:16:57,876 --> 00:17:01,516 Speaker 1: In twenty twenty one, Musk tweeted the single word doge 273 00:17:01,956 --> 00:17:04,516 Speaker 1: under a picture of a SpaceX rocket in front of 274 00:17:04,556 --> 00:17:08,276 Speaker 1: the moon. Doge to the Moon became a rallying cry. 275 00:17:09,196 --> 00:17:12,876 Speaker 1: On April Fool's Day that year, Musk tweeted, SpaceX is 276 00:17:12,916 --> 00:17:15,356 Speaker 1: going to put a literal doge coin on the literal 277 00:17:15,436 --> 00:17:19,676 Speaker 1: moon a joke, but also not a joke, Musk said 278 00:17:19,676 --> 00:17:23,436 Speaker 1: that SpaceX will be accepting doge coin as payment. Was 279 00:17:23,636 --> 00:17:28,636 Speaker 1: Musk a comic? The next month, Musk hosted NBC's Saturday 280 00:17:28,716 --> 00:17:32,116 Speaker 1: Night Live. He appeared in nearly every sketch as the 281 00:17:32,236 --> 00:17:36,036 Speaker 1: Nintendo villain Warrio on trial for murdering Mario. He explained, 282 00:17:36,396 --> 00:17:40,036 Speaker 1: I'm not evil, I'm just misunderstood. In a skit set 283 00:17:40,076 --> 00:17:42,956 Speaker 1: in the Old West, he played a bandit named Leron. 284 00:17:43,476 --> 00:17:44,956 Speaker 12: What had instead of panning for gold? 285 00:17:45,116 --> 00:17:47,996 Speaker 10: We just created our own cardsy currency. 286 00:17:49,316 --> 00:17:51,436 Speaker 11: Yeah, and what the heck would it be based on? 287 00:17:52,236 --> 00:17:52,996 Speaker 11: Whatever we say? 288 00:17:53,036 --> 00:17:54,636 Speaker 13: It's based on that. 289 00:17:54,956 --> 00:17:56,676 Speaker 12: Hey, how money works. 290 00:17:57,796 --> 00:18:00,196 Speaker 4: Money ain't a golden rock that we dig out of 291 00:18:00,236 --> 00:18:03,156 Speaker 4: the ground. Then we hope no one kills. 292 00:18:02,956 --> 00:18:05,516 Speaker 10: Us before we train it for pieces of green paper. 293 00:18:05,836 --> 00:18:07,796 Speaker 14: It's a perfect system. 294 00:18:08,476 --> 00:18:11,756 Speaker 1: It's a weird thing about being a historian. Everything reminds 295 00:18:11,756 --> 00:18:15,516 Speaker 1: you of something else. Watching Elon Musk play Leron dressed 296 00:18:15,556 --> 00:18:18,836 Speaker 1: like a cowboy, he looked exactly like an old photograph 297 00:18:18,836 --> 00:18:22,276 Speaker 1: of his grandfather, the technocrat, who worked as a cowboy 298 00:18:22,316 --> 00:18:26,516 Speaker 1: and performed at rodeos doing rope tricks. The family likeness 299 00:18:26,636 --> 00:18:30,396 Speaker 1: is uncanny. Musk is also named after that cowboy's father, 300 00:18:30,876 --> 00:18:36,436 Speaker 1: his great grandfather, Elon muscism asks us to picture always 301 00:18:36,476 --> 00:18:39,196 Speaker 1: the future, but I find it hard not to keep 302 00:18:39,196 --> 00:18:47,356 Speaker 1: picturing the past. Yanked back lassoed by likenesses on SNL, 303 00:18:47,476 --> 00:18:51,116 Speaker 1: Musk appeared too on the show's newscast as a cryptocurrency 304 00:18:51,196 --> 00:18:53,076 Speaker 1: expert who can't give a straight answer. 305 00:18:53,316 --> 00:18:54,316 Speaker 5: What is dose coin? 306 00:18:54,916 --> 00:18:56,956 Speaker 11: Well, it actually started as a joke based on an 307 00:18:56,996 --> 00:18:57,636 Speaker 11: Internet meme. 308 00:18:58,796 --> 00:19:00,836 Speaker 5: Okay, but what is dose coin? 309 00:19:01,716 --> 00:19:03,276 Speaker 1: Finally he admits the truth. 310 00:19:03,396 --> 00:19:06,116 Speaker 11: I keep telling you it's a cryptocurrency you can trade 311 00:19:06,436 --> 00:19:11,276 Speaker 11: for conventional money. Oh so the hustle, Yeah, that's uses. 312 00:19:14,156 --> 00:19:15,796 Speaker 8: Everybody to the. 313 00:19:17,716 --> 00:19:21,236 Speaker 1: That night, dogecoin lost a third of its value. Me 314 00:19:21,476 --> 00:19:23,516 Speaker 1: I was left thinking about the ending to that old 315 00:19:23,556 --> 00:19:27,436 Speaker 1: science fiction story Moon Metal from the year nineteen hundred. 316 00:19:27,916 --> 00:19:32,036 Speaker 13: The looting of the Moon brought disaster to the rubber planet. 317 00:19:33,236 --> 00:19:36,276 Speaker 13: So mad were the efforts to get the precious metal 318 00:19:36,876 --> 00:19:40,836 Speaker 13: that the surface of our globe was fairly showered with it. 319 00:19:41,756 --> 00:19:47,756 Speaker 13: The air was filled with shining dust, until finally famine 320 00:19:47,836 --> 00:19:53,956 Speaker 13: and pestilence joined hands with financial disaster to punish the 321 00:19:53,996 --> 00:19:55,836 Speaker 13: grasping world. 322 00:19:56,716 --> 00:19:59,996 Speaker 1: At the end of moon, metal markets collapse until an 323 00:20:00,036 --> 00:20:04,996 Speaker 1: international agreement leads to government control of currency. That is 324 00:20:05,036 --> 00:20:08,636 Speaker 1: what governments do in the US through the Federal Reserve 325 00:20:09,156 --> 00:20:13,076 Speaker 1: and through the Securities in Exchange Commission. The Biden administration 326 00:20:13,236 --> 00:20:17,516 Speaker 1: prosecuted crypto companies for securities violations under rules that the 327 00:20:17,516 --> 00:20:22,516 Speaker 1: crypto industry complained were unclear and misguided. The second Trump 328 00:20:22,596 --> 00:20:25,836 Speaker 1: administration is considering freezing much of that litigation. 329 00:20:26,356 --> 00:20:27,516 Speaker 10: How much do you. 330 00:20:27,556 --> 00:20:31,516 Speaker 2: Think we can rip out of this wasted six point 331 00:20:31,596 --> 00:20:34,716 Speaker 2: five trillion dollar Paris Biden budget? 332 00:20:35,436 --> 00:20:37,476 Speaker 11: Well, I think we could do at least two trillion. 333 00:20:37,956 --> 00:20:38,236 Speaker 13: Yeah. 334 00:20:39,476 --> 00:20:41,836 Speaker 1: At a Trump rally in Madison Square Garden in New 335 00:20:41,916 --> 00:20:45,556 Speaker 1: York just before the election, Musk made some predictions about 336 00:20:45,556 --> 00:20:47,316 Speaker 1: the Department of Government deficiency. 337 00:20:47,756 --> 00:20:50,196 Speaker 11: We're going to get the government off your back and 338 00:20:50,356 --> 00:20:57,196 Speaker 11: out of your pocketbook. America's does not not It's just 339 00:20:57,196 --> 00:20:59,436 Speaker 11: going to be great. America is going to reach heights 340 00:20:59,716 --> 00:21:01,196 Speaker 11: that it has never seen before. 341 00:21:05,876 --> 00:21:08,076 Speaker 1: There is arguably a great deal of waste in the 342 00:21:08,196 --> 00:21:11,316 Speaker 1: US federal budget, though exactly where is the subject of 343 00:21:11,396 --> 00:21:16,156 Speaker 1: rather heated dispute, and many argued there's an excess of regulation. 344 00:21:16,996 --> 00:21:18,916 Speaker 1: Musk says that it takes longer to fill out the 345 00:21:18,916 --> 00:21:21,236 Speaker 1: paperwork to build a rocket than it takes to actually 346 00:21:21,236 --> 00:21:26,116 Speaker 1: build the rocket. Excessive regulations tie up all kinds of projects, 347 00:21:26,116 --> 00:21:30,196 Speaker 1: including housing and parks, projects that benefit all kinds of people. 348 00:21:30,796 --> 00:21:34,276 Speaker 1: So I'd be only too happy if something great, something wonderful, 349 00:21:34,276 --> 00:21:36,956 Speaker 1: were to come out of DOGE. But it strikes me 350 00:21:37,116 --> 00:21:39,676 Speaker 1: that a lot of what animates Musk in playing a 351 00:21:39,756 --> 00:21:44,116 Speaker 1: role in the American federal government concerns not taxing and spending, 352 00:21:44,636 --> 00:21:49,196 Speaker 1: but regulation of cryptocurrency. After all, the cryptocurrency industry helped 353 00:21:49,196 --> 00:21:53,556 Speaker 1: get Trump elected, and it expected results. As CNBC reported 354 00:21:53,916 --> 00:21:55,876 Speaker 1: just after the twenty twenty four election. 355 00:21:56,036 --> 00:21:59,516 Speaker 3: Bitcoin briefly surging to a new record high as investors 356 00:21:59,556 --> 00:22:02,676 Speaker 3: bet that Donald Trump will deliver on his pro crypto promises. 357 00:22:02,996 --> 00:22:06,636 Speaker 1: Just before he was inaugurated, Trump launched his own cryptocurrency 358 00:22:07,196 --> 00:22:10,996 Speaker 1: dollar sign Trump. By the day of the inauguration, its 359 00:22:11,036 --> 00:22:15,356 Speaker 1: market value had soared to ten billion dollars. To understand 360 00:22:15,356 --> 00:22:18,756 Speaker 1: all this, there's no better explainer than Mark Andreesen, a 361 00:22:18,836 --> 00:22:23,316 Speaker 1: venture capitalist whose company Andresen Horowitz has described itself as 362 00:22:23,356 --> 00:22:28,236 Speaker 1: the world's biggest investor in cryptocurrency. The Biden administration cracked 363 00:22:28,236 --> 00:22:31,836 Speaker 1: down on crypto scams. And Reeson says the Biden administration 364 00:22:31,956 --> 00:22:34,756 Speaker 1: also put pressure on banks not to work with crypto 365 00:22:34,796 --> 00:22:39,036 Speaker 1: companies in a deliberate bid to stifle the industry. Silicon 366 00:22:39,116 --> 00:22:42,916 Speaker 1: Valley had long supported Democratic political candidates and in general 367 00:22:43,156 --> 00:22:47,516 Speaker 1: leaned left, but Andreesen was outraged by the Biden administration's 368 00:22:47,556 --> 00:22:52,236 Speaker 1: interest in regulating both cryptocurrency and artificial intelligence. As he 369 00:22:52,316 --> 00:22:55,436 Speaker 1: said on his podcast The Mark and Ben Show in 370 00:22:55,516 --> 00:22:57,316 Speaker 1: July twenty twenty four, it. 371 00:22:57,316 --> 00:22:59,196 Speaker 12: Has been a brutal assault in an ascent industry that 372 00:22:59,236 --> 00:23:02,436 Speaker 12: I've never experienced before. I'm in total shock that has happened. 373 00:23:02,436 --> 00:23:05,196 Speaker 12: It's done intensely frustrating that it's been impossible to make 374 00:23:05,196 --> 00:23:06,396 Speaker 12: progress in this with the White House. 375 00:23:06,756 --> 00:23:10,116 Speaker 1: That summer, Musk announced his support for Trump, as Andreason 376 00:23:10,196 --> 00:23:14,156 Speaker 1: described on another podcast called Honestly from the Free. 377 00:23:13,916 --> 00:23:17,036 Speaker 12: Press, Elon right. Then Elon stepped up and said, yep, 378 00:23:17,076 --> 00:23:19,436 Speaker 12: I'm for him. That was the big moment in our 379 00:23:19,476 --> 00:23:23,676 Speaker 12: industry where the most important iconic figure in tech by far, 380 00:23:23,956 --> 00:23:25,396 Speaker 12: you know, did that in that moment, and so that 381 00:23:25,916 --> 00:23:26,676 Speaker 12: was the real shift. 382 00:23:26,876 --> 00:23:31,236 Speaker 1: And Reason speculated that Musk's endorsement was likely partly pragmatic. 383 00:23:31,596 --> 00:23:33,676 Speaker 12: I'm not speaking for Elon, but Elon decided that he 384 00:23:33,756 --> 00:23:35,396 Speaker 12: had to do this because if not, he wasn't going 385 00:23:35,436 --> 00:23:36,396 Speaker 12: to be able to launch rockets. 386 00:23:36,956 --> 00:23:39,836 Speaker 1: Andreeson himself ranks pretty high on the list of the 387 00:23:39,916 --> 00:23:43,196 Speaker 1: highest donors to the Trump campaign. He soon became a 388 00:23:43,236 --> 00:23:47,156 Speaker 1: Trump intimate, recruiting people from Silicon Valley to work or 389 00:23:47,196 --> 00:23:52,276 Speaker 1: to volunteer for the incoming administration. With Doge and within 390 00:23:52,316 --> 00:23:56,676 Speaker 1: the Trump administration, Musk and Andreeson are achieving what the 391 00:23:56,756 --> 00:24:01,396 Speaker 1: technocrats of the nineteen thirties could only dream of the technocracy. 392 00:24:05,076 --> 00:24:08,596 Speaker 1: Andreson is also the author of an excellent distillation of Muskism. 393 00:24:09,196 --> 00:24:13,636 Speaker 1: It is called the Techno Optimist Manifesto, though it could 394 00:24:13,636 --> 00:24:17,476 Speaker 1: equally have been called the Manifesto of Muscism. It consists 395 00:24:17,516 --> 00:24:20,476 Speaker 1: of a list of statements, we can advance to a 396 00:24:20,516 --> 00:24:23,396 Speaker 1: far superior way of living and of being. We have 397 00:24:23,476 --> 00:24:26,716 Speaker 1: the tools, the systems, the ideas, we have the will. 398 00:24:27,236 --> 00:24:29,516 Speaker 1: We believe this is why our descendants will live in 399 00:24:29,556 --> 00:24:32,316 Speaker 1: the stars. If only we place our faith in the 400 00:24:32,356 --> 00:24:37,556 Speaker 1: techno capital machine and recent promises, we will become technological superman. 401 00:24:38,156 --> 00:24:42,116 Speaker 1: We are the Apex predator. We believe in greatness. We 402 00:24:42,196 --> 00:24:48,476 Speaker 1: believe in ambition, aggression, persistence, relentlessness, strength, and recent sites 403 00:24:48,636 --> 00:24:51,956 Speaker 1: among his inspirations for this manifesto. On the list of 404 00:24:52,276 --> 00:24:57,836 Speaker 1: patron Saints of Techno Optimism Filippo Tomaso Marinetti. In nineteen 405 00:24:57,876 --> 00:25:02,196 Speaker 1: o nine, Marinetti wrote what he called the Futurist Manifesto. 406 00:25:02,876 --> 00:25:06,076 Speaker 1: It's a list of statements. We want to sing the 407 00:25:06,156 --> 00:25:09,516 Speaker 1: love of danger, the habit of energy and rashness. We 408 00:25:09,556 --> 00:25:14,676 Speaker 1: want to exalt movements of aggression, feverish sleeplessness, the double march, 409 00:25:14,756 --> 00:25:17,676 Speaker 1: the perilous sleep, the slap and the blow with the fist. 410 00:25:18,116 --> 00:25:20,756 Speaker 1: We want to sing the man at the wheel. We 411 00:25:20,796 --> 00:25:25,556 Speaker 1: want to demolish museums and libraries, fight morality, feminism. Standing 412 00:25:25,596 --> 00:25:28,596 Speaker 1: on the World Summit, we launched once again our insolent 413 00:25:28,716 --> 00:25:34,716 Speaker 1: challenge to the stars. So say Mojo, fists raised to 414 00:25:34,796 --> 00:25:39,836 Speaker 1: the stars. Ten years after Marinetti wrote the Manifesto of Futurism, 415 00:25:40,596 --> 00:25:44,036 Speaker 1: he co wrote the founding document of the movement led 416 00:25:44,036 --> 00:25:49,716 Speaker 1: by Mussolini, the Manifesto of Fascism. Marc Andreesen, like any 417 00:25:49,716 --> 00:25:53,796 Speaker 1: reasonable person, hates it when people call people they disagree with, fascists, 418 00:25:54,436 --> 00:25:58,116 Speaker 1: But here he cited the author of a fascist manifesto 419 00:25:58,276 --> 00:26:03,076 Speaker 1: as a major inspiration for his own manifesto, which is why, 420 00:26:03,476 --> 00:26:06,996 Speaker 1: to me, at least, the future envisioned by techno libertarians 421 00:26:07,556 --> 00:26:11,836 Speaker 1: happens to look chillingly like the very worst of the past. 422 00:26:16,396 --> 00:26:19,156 Speaker 1: The twenty first century is an age of technological wonder. 423 00:26:19,836 --> 00:26:24,556 Speaker 1: It is in many ways tremendously thrilling. Tesla and SpaceX 424 00:26:24,916 --> 00:26:29,116 Speaker 1: are engineering marvels, but I don't find Muskism thrilling as 425 00:26:29,156 --> 00:26:33,796 Speaker 1: political theory or social engineering. In twenty twenty one, the 426 00:26:33,876 --> 00:26:37,676 Speaker 1: year Elon Musk became the Doge father Time magazine made 427 00:26:37,676 --> 00:26:39,036 Speaker 1: an announcement. 428 00:26:39,236 --> 00:26:41,756 Speaker 14: The person in the Year is Elon Musk. He is 429 00:26:42,156 --> 00:26:47,996 Speaker 14: reshaping life on Earth and possibly life off Earth as well. 430 00:26:48,036 --> 00:26:52,036 Speaker 14: And this is someone also who, in becoming the richest 431 00:26:52,076 --> 00:26:55,396 Speaker 14: person in the history of the world this year, really 432 00:26:55,436 --> 00:26:56,836 Speaker 14: speaks to the moment we're in. 433 00:26:57,596 --> 00:27:00,476 Speaker 1: Not mentioned in the Person of the Year announcement was 434 00:27:00,476 --> 00:27:03,076 Speaker 1: that at the time, two different women who were carrying 435 00:27:03,156 --> 00:27:07,676 Speaker 1: Musk's babies were in the same hospital in Texas. Musk 436 00:27:07,756 --> 00:27:11,196 Speaker 1: already had seven children, but he believes that a falling 437 00:27:11,236 --> 00:27:15,276 Speaker 1: birth rate is a civilizational threat and he means to 438 00:27:15,316 --> 00:27:18,436 Speaker 1: solve it. He seems particularly fond of a son born 439 00:27:18,516 --> 00:27:22,636 Speaker 1: in twenty twenty, during the pandemic, when Musk himself underwent 440 00:27:22,636 --> 00:27:26,076 Speaker 1: a kind of rebirth. He's often photographed carrying on his 441 00:27:26,116 --> 00:27:30,196 Speaker 1: shoulders this beautiful little blonde boy, and sometimes even brings 442 00:27:30,236 --> 00:27:37,396 Speaker 1: him along to press interviews. What's your name? What's your name? Actually? 443 00:27:37,396 --> 00:27:41,756 Speaker 10: You should we help President Trump? 444 00:27:42,076 --> 00:27:49,476 Speaker 12: Yeah? 445 00:27:50,396 --> 00:27:54,596 Speaker 1: Next time. On X men, the Astounding Tale of Baby 446 00:27:54,996 --> 00:27:55,076 Speaker 1: x