WEBVTT - Will The Epstein Files Bring Down Trump? + How Big Tech Is Weaponizing Your Data Against You w/ Lina Khan

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<v Speaker 1>Hello, They're Happy Thursday. Welcome to another episode of the

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<v Speaker 1>Chuck Podcast. Got a terrific guest today, the former chair

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<v Speaker 1>of the FTC Federal Trade Commission, Lena kah is going

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<v Speaker 1>to join me for a conversation about sort of consumer

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<v Speaker 1>protection in the age of in this age of AI

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<v Speaker 1>big tech corporate consolidation, the fact that she was one

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<v Speaker 1>of the few Biden appointees that had a fan base

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<v Speaker 1>on the right as well as on the left. And

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<v Speaker 1>I hope it's both one part education about what exactly

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<v Speaker 1>the FTC should and can do, and one part sort

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<v Speaker 1>of warning, if you will, about about the things that

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<v Speaker 1>the government should be doing but hasn't been able to do.

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<v Speaker 1>I of course believe we're in a moment here not

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<v Speaker 1>dissimilar to the moment Teddy Roosevelt face miss the original Trustbuster,

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<v Speaker 1>if you will, And we're in a similar period, right,

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<v Speaker 1>the rise of the robber barons, the rise of the prologarts.

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<v Speaker 1>So I really have been looking forward to this interview.

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<v Speaker 1>I enjoyed it. I hope you will too. But before

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<v Speaker 1>we get to it, this was kind of Look, we

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<v Speaker 1>have plenty of days where we say wow, this was

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<v Speaker 1>kind of a crazy day. In the Trump era. And

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<v Speaker 1>you know, if you just's you could probably say about

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<v Speaker 1>half the days, you could say this is kind of

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<v Speaker 1>a crazy day in the Trump era. But we were

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<v Speaker 1>felt as if the morning began. I'm speaking to you

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<v Speaker 1>now it's Wednesday evening on July sixteenth, but this day

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<v Speaker 1>began on Wednesday, July sixteenth, where we thought we were

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<v Speaker 1>about to cover a story. Is the President of the

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<v Speaker 1>United States going to fire the chairman of the Federal

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<v Speaker 1>Reserve as a way to turn the page on the

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<v Speaker 1>Jeffrey Epstein scandal. And that's exactly what it seemed to

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<v Speaker 1>be what was building. There was a leak of this

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<v Speaker 1>meeting that he had, and I've been in the room

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<v Speaker 1>when Donald Trump has shown letters. Look, I've got a

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<v Speaker 1>firing letter. I had a bizarre heads up about his

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<v Speaker 1>indecision to fire people at one point and had an

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<v Speaker 1>interesting off the record with him before a firing when

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<v Speaker 1>he was asking for the opinions. You know, I've come

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<v Speaker 1>up with this letter saying I'm going to fire so

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<v Speaker 1>and so and so. He did it. This is not

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<v Speaker 1>a new thing for him. This is sort of how

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<v Speaker 1>he operates. He'll get somebody will put me, get me

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<v Speaker 1>a release, give me a letter, I'm going to fire somebody.

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<v Speaker 1>So apparently you had this letter together. Whether he's going

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<v Speaker 1>to fire Jerome Powell. Clearly they've and I told you

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<v Speaker 1>about this on Monday. I said, this is a story

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<v Speaker 1>that should be getting more attention, And boy did it

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<v Speaker 1>start getting attention, because it was clear something was afoot

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<v Speaker 1>where in order to get around the question about whether

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<v Speaker 1>the President had the power to fire the chairman of

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<v Speaker 1>the Federal Reserve. I couldn't fire him over a policy dispute.

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<v Speaker 1>That was pretty clear. The Supreme Court seemed to make

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<v Speaker 1>that clear to him, even as they've given him a

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<v Speaker 1>green light to fire, to have a more executive authority

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<v Speaker 1>on to hire and fire. The loophole they were developing

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<v Speaker 1>was all about, well, he's overseeing this renovation of the

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<v Speaker 1>Federal Reserves headquarters in Washington. There are cost overruns, and

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<v Speaker 1>the president did they believe they did have the legal

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<v Speaker 1>authority to fire him early on that so it looked

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<v Speaker 1>like they were manufacturing this authority. Well, of course, what

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<v Speaker 1>did the market. The markets had something to say to him.

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<v Speaker 1>The markets started awfully on Wednesday morning, and then of

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<v Speaker 1>course by noon he's backed off. But it does feel

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<v Speaker 1>as if you can't help but wonder. And I'm going

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<v Speaker 1>to use the words of my friendly and Caldwell over

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<v Speaker 1>at PAK where she said many Republicans she was talking

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<v Speaker 1>to over the past few days had predicted that Trump

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<v Speaker 1>was going to do something pretty dramatic in order to

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<v Speaker 1>distract from and that the anti Powell letter that he

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<v Speaker 1>produced was part of that idea that maybe feeding that

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<v Speaker 1>to his base could distract him. But I think he's

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<v Speaker 1>finding out now that this story is not not going

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<v Speaker 1>away at all, and he decided to light the fuse, right,

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<v Speaker 1>and the fuse that he lit is he attacked his

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<v Speaker 1>own supporters on this story, and he attacked them in

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<v Speaker 1>a way that I've always wondered what happens. He attacked

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<v Speaker 1>him in a way frankly that mainstream media and the

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<v Speaker 1>left has attacked his supporters at time, like you guys

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<v Speaker 1>are idiots. You're being duked, and that is usually not

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<v Speaker 1>a good way. You know, nobody is going when you

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<v Speaker 1>tell somebody they've been duped, Right, there's an expression it

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<v Speaker 1>is easier to con somebody than it is to convince

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<v Speaker 1>somebody they've been conned. Well, here's what he wrote. This

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<v Speaker 1>is this morning is truth. So the radical left Democrats

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<v Speaker 1>have hit payder again, just like the fake and fully

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<v Speaker 1>credited Steele docia, the lying fifty one intelligence agents, the

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<v Speaker 1>Laptop from Hell, which the Dems swore had come from Russia, No,

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<v Speaker 1>it came from Hunter Biden's bathroom, and even the Russia

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<v Speaker 1>Russia Russia scam itself, a totally fake and made up

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<v Speaker 1>story used in order to hide crooked Hillary Clinton's big

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<v Speaker 1>loss in the twenty sixteen election. These scams and hoaxes

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<v Speaker 1>are all the Democrats are good at. They are no

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<v Speaker 1>good at governing. Also, unlike Republicans, they stick together like

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<v Speaker 1>glu Actually that's not true. I'm going to have a

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<v Speaker 1>little comment about that with Hunter Biden, and I don't

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<v Speaker 1>they got a Biden agrees with them on that. Their

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<v Speaker 1>new scam, he writes, is what we will forever call

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<v Speaker 1>the Jeffrey Epstein hoax. And my past supporters have brought

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<v Speaker 1>into this bullshit, hook line and sinker. They haven't learned

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<v Speaker 1>their lesson and probably never will, even after being conned

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<v Speaker 1>by the lunatic left for eight long years. Actually, his

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<v Speaker 1>supporters weren't cone by the left because they've stuck by him.

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<v Speaker 1>But anyway, but I digress. I've had more success than

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<v Speaker 1>six months than perhaps any president in our country's history.

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<v Speaker 1>And all these people want to talk about with strong

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<v Speaker 1>prodding by the fake news, and the success star of

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<v Speaker 1>Dems is the Jeff free Epstein hoax. Let these weaklings

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<v Speaker 1>continue forward and do the Democrats work. Don't even think

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<v Speaker 1>about talking of our incredible and unprecedented success because I

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<v Speaker 1>don't want their support anymore. Thank you for your attention

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<v Speaker 1>to this matter. Make America great again. Well to say

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<v Speaker 1>that that went down that that didn't go down well

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<v Speaker 1>with his supporters is an understatement. And look, he is behaving.

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<v Speaker 1>What's interesting here The word hoax is an incredibly important

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<v Speaker 1>word that he used here because hoax is the word

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<v Speaker 1>that he always attached to Russia, and hoax is in

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<v Speaker 1>some ways, you know, I would say it's Trump speak

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<v Speaker 1>for I have no other explanations for my weird behavior. Right.

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<v Speaker 1>You know, one of the hallmarks of the twenty sixteen

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<v Speaker 1>Russia scandal was it was it was clear Russia was infiltrating,

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<v Speaker 1>you know, was trying to you know, manipulate our our

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<v Speaker 1>political conversation or discourse, or I mean that's been proven. Right,

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<v Speaker 1>the Justice Department charged a group out of Russia. Sanctions

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<v Speaker 1>were had like this is this is not in dispute.

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<v Speaker 1>Marco Rubio signed on to an investigation. The current Secretary

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<v Speaker 1>of State for Donald Trump signed on to an investigation

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<v Speaker 1>by the Senate that also, that is not in dispute.

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<v Speaker 1>The Russian government wanted to get involved, disrupted our election

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<v Speaker 1>in any way they thought they could, and yes, they

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<v Speaker 1>had a preference, and their preference they wanted Trump, not Clint. Now,

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<v Speaker 1>of course, what's in dispute was whether the Trump campaign

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<v Speaker 1>was colluding with the Russians to do this, or whether

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<v Speaker 1>they were just happily accepting the help the way you

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<v Speaker 1>might accept help from a surrogate or a labor union

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<v Speaker 1>or some other outside group, no different than the Koch

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<v Speaker 1>brothers paying for advertising to help the Republican ticket. This

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<v Speaker 1>was just, oh, the enemy of my enemy is my

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<v Speaker 1>ally and Trump's. But it was Trump's person behavior about

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<v Speaker 1>it that actually brought on more suspicion, and in fact,

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<v Speaker 1>there's something very similar is happening here. John chap who's

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<v Speaker 1>now The Atlantic, formerly of New York Magazine. He writes

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<v Speaker 1>this se because sometimes people sound guilty even if they aren't,

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<v Speaker 1>especially if their government officials still, whatever probability you had

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<v Speaker 1>in your mind that the Epstein files contained damaging material,

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<v Speaker 1>you should probably raise it after listening to Trump's remarks

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<v Speaker 1>on the subject. And that's the thing, right, It's the

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<v Speaker 1>same thing that happened with the Russian investigation. The more

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<v Speaker 1>he said things like, hey, Russia, if you're listening, you know,

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<v Speaker 1>the more he would talk about how much he loved

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<v Speaker 1>the wiki leagues and how much he seemed his campaign

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<v Speaker 1>appeared to be at least either really nimble for when

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<v Speaker 1>there were new wikileague releases or sometime Hoow got a

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<v Speaker 1>heads up and look like they were coordinating. Now, perhaps

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<v Speaker 1>they just it was Julianasan who was very helpful to

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<v Speaker 1>the Trump campaign, and it had nothing to do with

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<v Speaker 1>the Russians. I think there's a lot of I think

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<v Speaker 1>it is a reasonable conclusion that Trump didn't collude with

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<v Speaker 1>the Russians. But at the same time, he didn't mind

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<v Speaker 1>getting their help. Uh, and a lot of a lot

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<v Speaker 1>of folks didn't mind it, and didn't certainly didn't tell

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<v Speaker 1>them to stop, and certainly didn't you know, there was

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<v Speaker 1>one of the great uh, one of the weirder scandal

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<v Speaker 1>near scandals of the two thousand election. I'm gonna do

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<v Speaker 1>a little diversionary history lesson here Al Gore, George W. Bush.

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<v Speaker 1>Al Gore gets mailed a videotape of George W. Bush's

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<v Speaker 1>debate prep and they don't understand and it clearly came

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<v Speaker 1>from some staffer, uh in, you know, the Bush's media consultants.

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<v Speaker 1>Mark McKinnon's firm had never really worked with Republicans before

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<v Speaker 1>working with with with Bush. So there was some speculation

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<v Speaker 1>that there was some sort of cranky Democratic staffers working

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<v Speaker 1>on behalf of McKennon and Bush that may have may

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<v Speaker 1>have done this. Well, the Gore campaign was petrified, thought

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<v Speaker 1>they were being framed, and they went directly to the

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<v Speaker 1>FBI right and it basically became a nothing burger. Donald

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<v Speaker 1>Trump didn't actually go, you know whatever, they knew what

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<v Speaker 1>the Russians were, They didn't go running to the FBI going, hey,

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<v Speaker 1>look we are worried the Russians are doing this. You know,

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<v Speaker 1>John McCain and Barack Obama's campaign were hacked in eight

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<v Speaker 1>and they took that dispute and they made sure law

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<v Speaker 1>enforcement knew before it ever went public. So my point

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<v Speaker 1>is is that it's pretty clear Donald Trump had no

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<v Speaker 1>interest in alerting law enforcement, had that something that was

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<v Speaker 1>benefiting their campaign. But hey, this isn't on the up

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<v Speaker 1>and up. That ain't the way Donald Trump acts, thanks behaves,

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<v Speaker 1>et cetera. So my point is that I think it's

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<v Speaker 1>certainly plausible that two things can be true at the

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<v Speaker 1>same time. Right, And of course, you know, Trump the

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<v Speaker 1>advantage of the Steele dosia at the time is what

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<v Speaker 1>Trump was so successful at doing is if you can

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<v Speaker 1>discredit the steel dosier, you know, then it makes it

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<v Speaker 1>easier to discredit everything else. And then still does say

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<v Speaker 1>there was enough there that they could plausibly discredit the

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<v Speaker 1>story of Michael Cohen going to the Prague and the

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<v Speaker 1>whole you know, Ppe tape business that it turned out

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<v Speaker 1>like you know, I'm one of those that if if

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<v Speaker 1>it existed, it'd be out already. So it's it's likely

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<v Speaker 1>that this was and it's possible Christopher Steele was being

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<v Speaker 1>played by other Russians in that that all of this

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<v Speaker 1>was a mess there. But let me come back to Epstein, right,

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<v Speaker 1>which is, you know, I don't think a lot of

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<v Speaker 1>people Again, you go back to Trump's relationship, and it

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<v Speaker 1>was something I talked about before that I'm going to

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<v Speaker 1>go back. The most plausible explanation is yet a whole

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<v Speaker 1>bunch of rich people who had no problem taking free

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<v Speaker 1>plane rides with Jeffrey Epstein, free stuff from him, no,

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<v Speaker 1>you know, and knew who he was, always had the

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<v Speaker 1>you know, Donald Trump is on the record talking about

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<v Speaker 1>how young Jeffrey liked them, and they didn't look the

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<v Speaker 1>other way, right, or they just chose to look the

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<v Speaker 1>other way. It didn't bob, you know, because that's how

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<v Speaker 1>much they wanted the free airplane. And this so called

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<v Speaker 1>client list is. And again I go back to the government.

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<v Speaker 1>If they have you cannot do what they what what

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<v Speaker 1>some of these folks want, release everybody that may have

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<v Speaker 1>been associated with him, which may simply be were you

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<v Speaker 1>on the air and an airplane with him at any

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<v Speaker 1>one time? And of course people are going to take

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<v Speaker 1>that and assume if you were ever on an airplane,

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<v Speaker 1>you're a ped You're you're a pedophile too, right, And

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<v Speaker 1>that's where and this is so the question is is

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<v Speaker 1>that what Trump's afraid of? But now the more that

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<v Speaker 1>he digs in his heels, the more he digs in

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<v Speaker 1>his heels, the more he digs in his heels, and

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<v Speaker 1>now it's like, you know, I'm not going to sit

0:12:48.880 --> 0:12:50.760
<v Speaker 1>here and say I believe that he was doing the

0:12:50.800 --> 0:12:54.120
<v Speaker 1>same things Jeffrey was doing Jeffrey Epstein was doing. But

0:12:54.160 --> 0:12:58.080
<v Speaker 1>the more the more defiant he sounds, the more he

0:12:58.120 --> 0:12:59.920
<v Speaker 1>digs in his heels, and the more he attacks his

0:13:00.160 --> 0:13:06.920
<v Speaker 1>own supporters, the more clearly it's going to raise questions.

0:13:06.920 --> 0:13:09.120
<v Speaker 1>Now let's go back to why is he having a

0:13:09.120 --> 0:13:13.720
<v Speaker 1>hard time. Normally he can just tell his supporters, you know,

0:13:14.000 --> 0:13:16.520
<v Speaker 1>do his own Jedi my trick. These aren't the hoaxes

0:13:16.520 --> 0:13:19.280
<v Speaker 1>you're looking for. Pay no attention. Oh these ass isn't

0:13:19.280 --> 0:13:21.360
<v Speaker 1>the hoax we're looking for. You know, this work done?

0:13:21.440 --> 0:13:24.439
<v Speaker 1>Fox News? Oh hey, don't pay any attention to Jeffrey Epstein,

0:13:25.160 --> 0:13:29.120
<v Speaker 1>got it? And Fox News salutes the flag. They don't

0:13:29.240 --> 0:13:34.360
<v Speaker 1>cover anything in the Jeffrey Epstein story. Charlie Kirk said,

0:13:34.880 --> 0:13:36.360
<v Speaker 1>you know, when Trump said he was done with it,

0:13:36.600 --> 0:13:38.960
<v Speaker 1>Charlie Kirk then saluted the flag, said he's done with it.

0:13:39.040 --> 0:13:40.960
<v Speaker 1>Then he got attacked for that, then he came back.

0:13:41.000 --> 0:13:44.200
<v Speaker 1>So he's kind of a mess, right, But there's a

0:13:44.240 --> 0:13:47.600
<v Speaker 1>reason why. And again I go back to I go

0:13:47.760 --> 0:13:51.040
<v Speaker 1>back to the point of the hardest thing to do

0:13:52.520 --> 0:13:55.240
<v Speaker 1>is it is harder to give in somebody they've been

0:13:55.280 --> 0:14:00.200
<v Speaker 1>conned than to actually con them. And that's where we are.

0:14:00.559 --> 0:14:03.480
<v Speaker 1>And you've got to understand the importance of Jeffrey Epstein,

0:14:03.679 --> 0:14:05.959
<v Speaker 1>and the best way to understand it is in this

0:14:06.480 --> 0:14:10.920
<v Speaker 1>fascinating retort. So Donald Trump drops that explosive truth social

0:14:10.960 --> 0:14:14.360
<v Speaker 1>post telling anybody on his that supposedly is in MAGA

0:14:14.400 --> 0:14:17.760
<v Speaker 1>that believes the Jeffrey Epstein hoax, I don't want your

0:14:17.760 --> 0:14:21.680
<v Speaker 1>support anymore. You're just doing the bidding of the Democrats. Well,

0:14:22.080 --> 0:14:27.440
<v Speaker 1>the sort of the the unofficial pope of the pedophile

0:14:28.320 --> 0:14:35.680
<v Speaker 1>conspiracies is now Michael Flynn, the disgraced former general retired

0:14:35.720 --> 0:14:40.360
<v Speaker 1>general that was the National Security Advisor for about I believe,

0:14:40.800 --> 0:14:43.320
<v Speaker 1>I believe for about two Scaramucies, right. I think it

0:14:43.360 --> 0:14:47.280
<v Speaker 1>was twenty two days he survived. Scaramuccie is eleven days.

0:14:47.280 --> 0:14:49.200
<v Speaker 1>If I'm not mistaken. I hope I have that right.

0:14:50.080 --> 0:14:52.120
<v Speaker 1>Anthony will let me know if I've gotten that wrong.

0:14:52.960 --> 0:14:58.320
<v Speaker 1>So I think Flynn was two Scaramucies in office there,

0:15:01.400 --> 0:15:04.480
<v Speaker 1>and he went real deep into QAnon, to the point

0:15:04.560 --> 0:15:08.600
<v Speaker 1>where it's almost like he decided whether if no one

0:15:08.640 --> 0:15:11.800
<v Speaker 1>knows who Q is, I'll let people think it is me.

0:15:12.120 --> 0:15:16.200
<v Speaker 1>So anyway, you have to understand this. So he writes

0:15:16.760 --> 0:15:22.160
<v Speaker 1>this very long post on X and he's directed at

0:15:22.160 --> 0:15:23.800
<v Speaker 1>Donald Trump. Let me read a portion of it. He

0:15:23.840 --> 0:15:27.560
<v Speaker 1>says to Donald Trump, I hesitated to write this, however,

0:15:27.640 --> 0:15:30.480
<v Speaker 1>with the utmost respect and deference to you for all

0:15:30.520 --> 0:15:33.160
<v Speaker 1>you've withstood. If you know it better than me, what

0:15:33.240 --> 0:15:35.040
<v Speaker 1>the deep state can do when they want to turn

0:15:35.040 --> 0:15:38.040
<v Speaker 1>on a person. The Epstein affair is not about who

0:15:38.120 --> 0:15:42.240
<v Speaker 1>killed him or if he committed suicide. Personally, I'm glad

0:15:42.560 --> 0:15:46.880
<v Speaker 1>this known pedophile is debt, but neither is this a hoax.

0:15:47.880 --> 0:15:51.000
<v Speaker 1>This issue goes beyond that. Michael Flynn writes, there are

0:15:51.040 --> 0:15:53.520
<v Speaker 1>millions of Americans who overwhelmingly voted for you to be

0:15:53.600 --> 0:15:56.480
<v Speaker 1>our president, and we want you to be massively successful,

0:15:56.680 --> 0:15:58.520
<v Speaker 1>no more than me personally. I still have a target

0:15:58.520 --> 0:16:02.560
<v Speaker 1>on my forehead. Our country is facing a level of

0:16:02.600 --> 0:16:05.280
<v Speaker 1>internal subversion, and it is a relentless attack on the

0:16:05.400 --> 0:16:08.320
<v Speaker 1>very foundation for constitutional republic. So he is knee deep

0:16:08.320 --> 0:16:11.920
<v Speaker 1>in this belief that there are these hidden forces coming

0:16:11.960 --> 0:16:14.920
<v Speaker 1>after him. All right, He's really and the question is,

0:16:14.920 --> 0:16:16.760
<v Speaker 1>does he really believe it, or is this just a

0:16:16.800 --> 0:16:20.040
<v Speaker 1>giant grift because it bailed him out of financial trouble.

0:16:20.880 --> 0:16:25.920
<v Speaker 1>I certainly assume it's a financial grift. But we'll see,

0:16:26.480 --> 0:16:28.080
<v Speaker 1>he continues. I'm not going to read the whole thing,

0:16:28.080 --> 0:16:29.920
<v Speaker 1>but he continues here at the end, because this is

0:16:29.960 --> 0:16:32.280
<v Speaker 1>part's important, he says. An element that is of great

0:16:32.280 --> 0:16:34.880
<v Speaker 1>importance surrounding this Epstein affairs the fact that this man

0:16:34.960 --> 0:16:37.200
<v Speaker 1>was a known pedophile, had a list of clients who

0:16:37.200 --> 0:16:40.640
<v Speaker 1>represented the upper crust of society and likely did untowards

0:16:40.640 --> 0:16:43.280
<v Speaker 1>things to children on his island, in his homes in

0:16:43.320 --> 0:16:46.040
<v Speaker 1>New York City and New Mexico and maybe elsewhere, and

0:16:46.080 --> 0:16:49.280
<v Speaker 1>he was convicted of it. I want to single out

0:16:49.320 --> 0:16:52.240
<v Speaker 1>the word pedophilia here a minute, so as you know,

0:16:52.320 --> 0:16:56.760
<v Speaker 1>the entire QAnon bizarreness is sort of the importance of

0:16:56.840 --> 0:17:00.920
<v Speaker 1>believing your political opponents or pedophiles is important in the

0:17:00.960 --> 0:17:05.040
<v Speaker 1>whole dehumanization process. Right. This is I think at the

0:17:05.080 --> 0:17:09.240
<v Speaker 1>heart of this of this unfortunate climate that we're all

0:17:09.240 --> 0:17:11.720
<v Speaker 1>living in right now. And it's it's harsher, of course

0:17:11.760 --> 0:17:14.000
<v Speaker 1>online than it is in real life, but it's had

0:17:14.040 --> 0:17:17.000
<v Speaker 1>some real life consequences, right that this gentleman that really

0:17:17.000 --> 0:17:19.800
<v Speaker 1>thought there was some sort of you know, kids being

0:17:19.840 --> 0:17:23.240
<v Speaker 1>held captive in the basement of a pizza shop in Washington,

0:17:23.320 --> 0:17:25.880
<v Speaker 1>d C. He shows up and there is no basement,

0:17:26.080 --> 0:17:30.359
<v Speaker 1>nothing is there, And he was about to possibly kill

0:17:30.400 --> 0:17:33.240
<v Speaker 1>a whole bunch of innocent patrons and the owner of

0:17:33.480 --> 0:17:37.919
<v Speaker 1>of of a pizza shop in Washington, d C. But

0:17:38.040 --> 0:17:42.119
<v Speaker 1>Jeffrey Epstein doing what he did, he's sort of like

0:17:42.200 --> 0:17:46.159
<v Speaker 1>the Kevin six degrees of Kevin Bacon game for these

0:17:46.320 --> 0:17:49.000
<v Speaker 1>for this, for this crazy conspiracy theory, once you have

0:17:49.119 --> 0:17:55.760
<v Speaker 1>bought in that the Left is not just against you culturally,

0:17:55.840 --> 0:17:58.760
<v Speaker 1>but is against you because they're a cabal of pedophiles.

0:17:59.359 --> 0:18:03.240
<v Speaker 1>And again, this is this is what this crowd is believing.

0:18:03.280 --> 0:18:05.920
<v Speaker 1>This is where Marjorie Taylor Green gets her gets her

0:18:06.080 --> 0:18:09.160
<v Speaker 1>energy from. This is Michael Flynn, this is this, This

0:18:09.240 --> 0:18:11.879
<v Speaker 1>is this world. This is how Dan Bongino made a

0:18:11.920 --> 0:18:18.919
<v Speaker 1>fortune uh uh conning these people with his media. And

0:18:19.040 --> 0:18:20.600
<v Speaker 1>all of a sudden, if Donald Trump is saying that

0:18:20.640 --> 0:18:24.840
<v Speaker 1>Jeffrey Epstein story is a hoax, it shatters the entire

0:18:25.600 --> 0:18:27.800
<v Speaker 1>conspiracy that was built up. It's sort of like it's

0:18:27.800 --> 0:18:31.040
<v Speaker 1>like it's it's an extraordinary It's like knocking down a

0:18:31.119 --> 0:18:33.960
<v Speaker 1>foundation pillar. Right if you have a house on stilts,

0:18:34.520 --> 0:18:36.240
<v Speaker 1>and if you get the right one, you know, or

0:18:36.280 --> 0:18:38.000
<v Speaker 1>if you're in Jenga, it's like if you pull the

0:18:38.040 --> 0:18:42.399
<v Speaker 1>wrong leg, everything collapses. And if if Jeffrey Epstein is

0:18:42.440 --> 0:18:44.800
<v Speaker 1>not proven to have been the sort of the chief

0:18:45.119 --> 0:18:51.400
<v Speaker 1>recruiter of victor of young kids to feed this pediph

0:18:51.520 --> 0:18:58.320
<v Speaker 1>this manufactured pedophilia, uh uh ring that that this conspiracy

0:18:58.359 --> 0:19:03.639
<v Speaker 1>supposedly has cocked it and supposedly exists. You need the

0:19:03.680 --> 0:19:06.399
<v Speaker 1>Jeffrey Epstein story right because Jeffrey Epstein put a face

0:19:06.440 --> 0:19:10.920
<v Speaker 1>to it. Jeffrey Epstein may actually be a pedophile. Jeffrey

0:19:10.920 --> 0:19:15.040
<v Speaker 1>Epstein knew all these famous people right now? Does that

0:19:15.080 --> 0:19:16.879
<v Speaker 1>mean just because he knew these famous people, does that

0:19:16.920 --> 0:19:20.280
<v Speaker 1>mean all of them are now this well? To Michael Flynn,

0:19:20.280 --> 0:19:23.239
<v Speaker 1>it is right now, Whether again I go back, I

0:19:23.240 --> 0:19:26.840
<v Speaker 1>don't know whether Michael Flynn really believes this now or

0:19:26.920 --> 0:19:31.480
<v Speaker 1>whether this has just been so financially lucrative for him

0:19:31.920 --> 0:19:35.360
<v Speaker 1>to be the face of this of this crowd that

0:19:35.400 --> 0:19:38.119
<v Speaker 1>he has as the high unofficial high priest of the

0:19:38.200 --> 0:19:42.359
<v Speaker 1>QAnon crowd and believers of this conspiracy, he had to

0:19:42.359 --> 0:19:48.400
<v Speaker 1>push back or his financial empire would crump. So this

0:19:48.480 --> 0:19:50.000
<v Speaker 1>is the part where you send up. You end up

0:19:50.000 --> 0:19:55.760
<v Speaker 1>finding out does Donald Trump fully understand his base? Right?

0:19:56.480 --> 0:19:59.440
<v Speaker 1>There's sort of and there's always been two distinct bases

0:19:59.600 --> 0:20:06.960
<v Speaker 1>with tru. There's the actual working class space, the ones

0:20:07.000 --> 0:20:11.959
<v Speaker 1>that demographically are non the non college educated crowd, the

0:20:12.000 --> 0:20:16.560
<v Speaker 1>people that you know, the different people that shower at night,

0:20:16.720 --> 0:20:19.720
<v Speaker 1>shower after work versus showering before work. Right, that's sort

0:20:19.720 --> 0:20:21.960
<v Speaker 1>of like do you shower, do you shower when you

0:20:21.960 --> 0:20:23.639
<v Speaker 1>come home for work, or do you shower before you

0:20:23.640 --> 0:20:25.720
<v Speaker 1>go to work? Right? That that sort of blue collar,

0:20:25.760 --> 0:20:31.479
<v Speaker 1>white collar mindset. And then there's the crazy conspiracy theorists.

0:20:32.200 --> 0:20:34.760
<v Speaker 1>And Donald Trump fed those conspiracy theorists. Right, he has

0:20:34.800 --> 0:20:39.359
<v Speaker 1>built his entire political profile on a conspiracy theory. It

0:20:39.359 --> 0:20:41.919
<v Speaker 1>began with burtherism. Right. How did he how did he

0:20:42.000 --> 0:20:47.040
<v Speaker 1>convince the anti Obama right, the ones that were the

0:20:47.040 --> 0:20:51.760
<v Speaker 1>most vocal who decided not to oppose Obama on policy

0:20:51.800 --> 0:20:55.359
<v Speaker 1>but simply oppose him whether on otherism, right, the fact

0:20:55.520 --> 0:20:59.480
<v Speaker 1>is he a real American? And questioning whether he was

0:20:59.520 --> 0:21:04.000
<v Speaker 1>an American? Trump, of course rode that wave of conspiracy theory,

0:21:04.080 --> 0:21:06.880
<v Speaker 1>and so one of his habits is this comes back

0:21:06.880 --> 0:21:08.840
<v Speaker 1>to what he did with David Duke. Right, Why couldn't

0:21:08.880 --> 0:21:12.360
<v Speaker 1>he immediately denounce David Duke because David Duke sent something

0:21:12.440 --> 0:21:15.520
<v Speaker 1>nice about him? Why couldn't he immediately denounce Vladimir Putin

0:21:15.520 --> 0:21:17.800
<v Speaker 1>because Putin said something nice about him? So he is

0:21:17.840 --> 0:21:22.320
<v Speaker 1>sort of catered, right. He appeases this crowd of conspiracy theorists,

0:21:22.960 --> 0:21:27.280
<v Speaker 1>and he'll feed him every once in a while. Right,

0:21:27.359 --> 0:21:30.080
<v Speaker 1>He'll feed the velociraptor every once in a while, And

0:21:30.240 --> 0:21:33.200
<v Speaker 1>suddenly the velociraptor has a taste for this and has

0:21:33.240 --> 0:21:36.280
<v Speaker 1>a taste for this. And of course they've kept feeding

0:21:36.320 --> 0:21:40.760
<v Speaker 1>and feeding and feeding until they caught the car. They

0:21:40.880 --> 0:21:45.000
<v Speaker 1>run the government, the head some of the lead characters

0:21:45.040 --> 0:21:49.040
<v Speaker 1>pushing the conspiracy theory are actually in now the deep

0:21:49.040 --> 0:21:55.040
<v Speaker 1>state themselves, Dan Bongino and Cash Patel and Pam Bondi

0:21:55.119 --> 0:21:58.639
<v Speaker 1>got into it as she's been trying to debushify herself

0:21:58.680 --> 0:22:03.520
<v Speaker 1>and retrumpify her self, if you will. And here they are.

0:22:03.840 --> 0:22:08.000
<v Speaker 1>And so whatever the truth is, and I you know,

0:22:08.119 --> 0:22:10.360
<v Speaker 1>I'm still one of those who believes that what they

0:22:10.400 --> 0:22:13.879
<v Speaker 1>have they don't if they had evidence that somebody else

0:22:14.840 --> 0:22:19.679
<v Speaker 1>committed a crime on Jeffrey Epstein's island, they would have

0:22:19.680 --> 0:22:23.560
<v Speaker 1>brought the charges. Okay, this idea that charges wouldn't have

0:22:23.560 --> 0:22:26.919
<v Speaker 1>been brought, I just you know, I under I understand.

0:22:27.040 --> 0:22:28.840
<v Speaker 1>You know, nobody wants to get in the way of

0:22:28.840 --> 0:22:31.320
<v Speaker 1>a good conspiracy theory. The conspiracy theories are always more

0:22:31.320 --> 0:22:37.160
<v Speaker 1>interesting than the truth. But when you've spent twelve years

0:22:37.200 --> 0:22:42.040
<v Speaker 1>torching institutions, torching those who were trying to speak the truth,

0:22:44.200 --> 0:22:46.879
<v Speaker 1>and then you're in charge of set organization and then

0:22:46.920 --> 0:22:48.879
<v Speaker 1>you're like, you can't believe they don't believe you, and

0:22:48.920 --> 0:22:53.399
<v Speaker 1>it's like, well, you know, you reap whatt yourself. So

0:22:53.920 --> 0:22:59.040
<v Speaker 1>but I do think to truly understand why Trump did.

0:22:59.160 --> 0:23:04.159
<v Speaker 1>I don't think full appreciates how important Jeffrey Epstein is

0:23:04.240 --> 0:23:07.520
<v Speaker 1>as a connective tissue to this weird Like I said,

0:23:07.560 --> 0:23:11.920
<v Speaker 1>one of the dehumanization tactics of the right has been

0:23:11.960 --> 0:23:16.600
<v Speaker 1>to manufacture this pedophilia business. And so it is it

0:23:16.680 --> 0:23:21.440
<v Speaker 1>is that is the long tail of crazy here that

0:23:21.520 --> 0:23:26.640
<v Speaker 1>has brought Epstein into this sort of swirl, if you will,

0:23:26.640 --> 0:23:29.680
<v Speaker 1>And why it is so important for this crowd that

0:23:29.760 --> 0:23:32.480
<v Speaker 1>you know, the proof of Epstein's guilt Seeing this is

0:23:32.880 --> 0:23:37.840
<v Speaker 1>sort of it will become. It is this idea that hey,

0:23:37.880 --> 0:23:41.240
<v Speaker 1>we're not crazy. See we're right, We're right, We're right.

0:23:41.280 --> 0:23:43.760
<v Speaker 1>There was a pedophile ring. You know, we kept telling

0:23:43.840 --> 0:23:48.479
<v Speaker 1>you there was one, and here it is. And if

0:23:48.520 --> 0:23:52.960
<v Speaker 1>it's not there, you know, for some of these people,

0:23:53.320 --> 0:23:56.600
<v Speaker 1>if they're true believers, it it becomes a oh my god.

0:23:56.680 --> 0:23:58.560
<v Speaker 1>You know, this could be the moment that they maybe

0:23:58.600 --> 0:24:02.199
<v Speaker 1>feel cond I'll say this. You know, we've all wondered

0:24:02.240 --> 0:24:04.439
<v Speaker 1>when you know the Trump err is going to end

0:24:04.520 --> 0:24:07.720
<v Speaker 1>at some point, does it end with a whimper? Does

0:24:07.760 --> 0:24:10.560
<v Speaker 1>it end with a loud bang? Does it end you know?

0:24:10.600 --> 0:24:12.119
<v Speaker 1>I don't you know, I don't think any of us

0:24:12.119 --> 0:24:14.199
<v Speaker 1>believe it's going to It was going to end with

0:24:14.280 --> 0:24:18.760
<v Speaker 1>a rousing closing argument in some sort of courtroom, you know.

0:24:18.840 --> 0:24:21.280
<v Speaker 1>And there was a lot of prosecutors that dreamed of

0:24:21.359 --> 0:24:23.600
<v Speaker 1>that they were somehow going to be a TV lawyer

0:24:23.880 --> 0:24:26.240
<v Speaker 1>and be portrayed in a TV movie someday, that they

0:24:26.240 --> 0:24:27.800
<v Speaker 1>were going to get him right. It was never going

0:24:27.840 --> 0:24:31.080
<v Speaker 1>to end this way. It always was going to end

0:24:31.080 --> 0:24:33.760
<v Speaker 1>when he got exposed for being a hypocrite, right and

0:24:33.800 --> 0:24:38.080
<v Speaker 1>for for duping his own people. I think a lot

0:24:38.119 --> 0:24:40.960
<v Speaker 1>of us thought it, but still believe it will be

0:24:41.000 --> 0:24:43.359
<v Speaker 1>when it hits their own pocketbook, when they realized the

0:24:43.400 --> 0:24:47.840
<v Speaker 1>policies that he's advocating are a disaster and they're going

0:24:47.880 --> 0:24:51.360
<v Speaker 1>to be economically punishing here in a few months. Unfortunately.

0:24:51.840 --> 0:24:55.439
<v Speaker 1>I really hope, uh you know, I mean, look, you know,

0:24:56.600 --> 0:25:01.440
<v Speaker 1>buried in this sort of story to end about him

0:25:01.480 --> 0:25:06.600
<v Speaker 1>toying with firing Jay Powell, which clearly doing it feels

0:25:06.640 --> 0:25:08.200
<v Speaker 1>like he was trying to do it as a way

0:25:08.240 --> 0:25:11.560
<v Speaker 1>to distract from Epstein. But the point is he's going

0:25:11.640 --> 0:25:13.359
<v Speaker 1>to get control of the FED in a year no

0:25:13.440 --> 0:25:16.880
<v Speaker 1>matter what. And the fact that we're going to have

0:25:18.000 --> 0:25:22.040
<v Speaker 1>a president who, by the way, is now showing so

0:25:22.200 --> 0:25:26.000
<v Speaker 1>many signs of age, and it is it is, you know,

0:25:26.119 --> 0:25:30.879
<v Speaker 1>whether it's falling asleep at events more often now, whether

0:25:30.960 --> 0:25:34.240
<v Speaker 1>there's you know, he's there's clearly a bunch of medical issues.

0:25:34.240 --> 0:25:37.119
<v Speaker 1>He's not disclosing, you know, what's wrong with his hand.

0:25:37.280 --> 0:25:42.760
<v Speaker 1>We've seen that, you know, there's there's there's something he's

0:25:42.800 --> 0:25:45.960
<v Speaker 1>dealing with, some sort of health issue that they're not disclosing.

0:25:46.400 --> 0:25:50.920
<v Speaker 1>And of course they've so uh scared the press score

0:25:50.920 --> 0:25:54.080
<v Speaker 1>that covers them. It seems like nobody will ask about

0:25:54.080 --> 0:25:56.159
<v Speaker 1>this as directly, you know, and if they do, he

0:25:56.320 --> 0:25:58.720
<v Speaker 1>you know, he chastises him as evil by the way,

0:25:58.840 --> 0:26:01.200
<v Speaker 1>you know, and all this business, this weird use of

0:26:01.240 --> 0:26:04.840
<v Speaker 1>the word evil, which is again ahuman as dehumanization tactic

0:26:05.720 --> 0:26:07.919
<v Speaker 1>in order to give a green light for his supporters

0:26:07.960 --> 0:26:11.399
<v Speaker 1>to treat fellow Americans like they're not American and that

0:26:11.440 --> 0:26:16.520
<v Speaker 1>they're not human. But something is off about him, right,

0:26:16.600 --> 0:26:21.400
<v Speaker 1>He didn't seem to remember that he appointed J. Powell. Now.

0:26:21.440 --> 0:26:23.679
<v Speaker 1>I accept the premise that in his first term he

0:26:23.840 --> 0:26:26.879
<v Speaker 1>let way too many other people influence him that maybe

0:26:26.920 --> 0:26:29.720
<v Speaker 1>now he regrets. I think there's no doubt he was

0:26:29.800 --> 0:26:33.240
<v Speaker 1>on the job training, he did not understand how everything worked,

0:26:33.240 --> 0:26:36.239
<v Speaker 1>and he took a lot of other people's advice, and

0:26:36.280 --> 0:26:38.960
<v Speaker 1>he was surrounded by folks that were more in the

0:26:39.000 --> 0:26:43.600
<v Speaker 1>mainstream than I think many gave credit. I go back,

0:26:43.840 --> 0:26:47.520
<v Speaker 1>you know, Mike Pens and Wrytes prepus stacked that first

0:26:47.560 --> 0:26:51.680
<v Speaker 1>Trump term with a lot of conservative normies, if you will,

0:26:52.040 --> 0:26:57.680
<v Speaker 1>who I think prevented economic calamity before. They couldn't get

0:26:57.720 --> 0:26:59.920
<v Speaker 1>in his way to you know, once COVID hit the crazy,

0:27:00.119 --> 0:27:02.159
<v Speaker 1>you know, there was only so much they could do

0:27:02.280 --> 0:27:06.320
<v Speaker 1>to keep him from from totally messing things up. And

0:27:06.800 --> 0:27:08.840
<v Speaker 1>you know, by the time COVID came, they couldn't stop it,

0:27:09.280 --> 0:27:16.159
<v Speaker 1>and the public reacted as you might expect. So so,

0:27:16.359 --> 0:27:18.800
<v Speaker 1>but the fact that he can't remember that he appointed

0:27:18.840 --> 0:27:21.840
<v Speaker 1>him or that it's not I don't think that's a denial.

0:27:22.000 --> 0:27:26.360
<v Speaker 1>I think that is some weird you know, maybe it's

0:27:26.400 --> 0:27:30.240
<v Speaker 1>cognitive dissonance, but maybe it's something else. But there's definitely

0:27:30.320 --> 0:27:33.560
<v Speaker 1>he is showing just simple signs of age. He tires earlier.

0:27:33.960 --> 0:27:37.399
<v Speaker 1>You can see it. Anytime after four o'clock in the afternoon,

0:27:37.440 --> 0:27:41.560
<v Speaker 1>he seems to fade a little bit. And you can

0:27:41.600 --> 0:27:45.360
<v Speaker 1>just look. I mean even when he if you look

0:27:45.400 --> 0:27:50.320
<v Speaker 1>at his where he was celebrating with the soccer team,

0:27:50.359 --> 0:27:53.119
<v Speaker 1>even the celebration, he just seemed a little off. He

0:27:53.240 --> 0:27:57.320
<v Speaker 1>seemed like he was a little struggling to sort of

0:27:57.359 --> 0:28:02.159
<v Speaker 1>have the energy to be there. So there's definitely you know,

0:28:02.640 --> 0:28:04.919
<v Speaker 1>who knows, they're not never going to say anything, and

0:28:04.960 --> 0:28:06.919
<v Speaker 1>whatever they release is not going to you know, you

0:28:06.960 --> 0:28:09.040
<v Speaker 1>can't take it to the bank. Right We are now

0:28:09.080 --> 0:28:11.879
<v Speaker 1>living in an era where any press release that the

0:28:11.880 --> 0:28:15.560
<v Speaker 1>Trump administration puts out is not factual. You have to

0:28:15.560 --> 0:28:17.720
<v Speaker 1>assume it's not factual at all, and you have to

0:28:17.720 --> 0:28:22.040
<v Speaker 1>figure out, okay, where what's relevant here. It's very it's

0:28:22.080 --> 0:28:26.080
<v Speaker 1>never been harder to be a reporter on any government

0:28:26.119 --> 0:28:31.280
<v Speaker 1>agency because you certainly have to acknowledge whatever you know

0:28:31.320 --> 0:28:36.199
<v Speaker 1>they're there, Uh, you have to acknowledge their point, you know,

0:28:36.240 --> 0:28:40.520
<v Speaker 1>what their response to an article. But sometimes there's you know,

0:28:40.560 --> 0:28:43.840
<v Speaker 1>it's so much cognitive dissonance that it almost makes your story.

0:28:43.840 --> 0:28:45.760
<v Speaker 1>I mean that guy Stephen Chung will say things that

0:28:45.880 --> 0:28:49.239
<v Speaker 1>just are non sequiturs, right, which is the point? Right?

0:28:49.280 --> 0:28:52.360
<v Speaker 1>They almost kind of want because the more the more

0:28:52.400 --> 0:28:55.239
<v Speaker 1>they confuse the story, the harder it is for a

0:28:55.280 --> 0:28:57.600
<v Speaker 1>negative story to stick. So it's a it's a tactic

0:28:57.600 --> 0:29:02.920
<v Speaker 1>and it's been been quite successful one. But but there's something,

0:29:03.040 --> 0:29:05.640
<v Speaker 1>you know, there's something here. I think this is proof

0:29:05.680 --> 0:29:09.880
<v Speaker 1>he doesn't fully understand his own voters. Sometimes he certainly

0:29:09.880 --> 0:29:13.680
<v Speaker 1>doesn't understand what he the monster he has created with

0:29:13.760 --> 0:29:19.640
<v Speaker 1>this mainstreaming so many conspiracies over the last decade. And

0:29:19.760 --> 0:29:24.240
<v Speaker 1>you know, if this is the way it ends, you

0:29:24.320 --> 0:29:26.080
<v Speaker 1>might want to give an applause to the Writer's room

0:29:26.120 --> 0:29:28.080
<v Speaker 1>on this one. Right, it's a it's a more unique

0:29:28.160 --> 0:29:32.120
<v Speaker 1>ending than something that just uh, that just goes out

0:29:32.200 --> 0:29:36.800
<v Speaker 1>with a whimper. But you know this, I don't think

0:29:36.880 --> 0:29:43.000
<v Speaker 1>he gets out of this Epstein debacle unscathed. I think

0:29:43.440 --> 0:29:46.720
<v Speaker 1>at some point his folks this this also has the feel,

0:29:46.800 --> 0:29:49.160
<v Speaker 1>you know, one of the even in the pre Trump era,

0:29:49.920 --> 0:29:53.360
<v Speaker 1>there was always the summer silly season where there'd be

0:29:53.400 --> 0:29:57.959
<v Speaker 1>some summer scandal that would kind of just catch a

0:29:58.000 --> 0:30:01.720
<v Speaker 1>White House sleeping a little bit, but catch them off guard.

0:30:01.760 --> 0:30:03.640
<v Speaker 1>I think they weren't. You know, they've been focused on

0:30:03.640 --> 0:30:08.000
<v Speaker 1>some other things. They didn't really understand how explosive what

0:30:08.080 --> 0:30:10.320
<v Speaker 1>they were dealing with with Epstein. So if you told

0:30:10.320 --> 0:30:12.560
<v Speaker 1>me by September, they're in a different place and this

0:30:12.600 --> 0:30:16.960
<v Speaker 1>is sort of still still percolating, and there's still some

0:30:17.000 --> 0:30:20.080
<v Speaker 1>people that won't forgive them, But it's a smaller cabala

0:30:20.200 --> 0:30:24.160
<v Speaker 1>people that won't surprise me. But the fact is, you know,

0:30:24.200 --> 0:30:28.160
<v Speaker 1>it's it's like Rocky four and the first time he

0:30:28.280 --> 0:30:34.920
<v Speaker 1>made Drago bleed. It bleeds right, it's human. This one's

0:30:34.960 --> 0:30:41.680
<v Speaker 1>drawn blood and Trump. The question is how debilitating politically

0:30:41.960 --> 0:30:44.440
<v Speaker 1>is it going to be? All Right, I've gone on

0:30:44.760 --> 0:30:49.400
<v Speaker 1>long enough with my intro here. I really hope you

0:30:49.480 --> 0:30:53.200
<v Speaker 1>enjoy this conversation with Lena Khan. It was fascinating to me.

0:30:53.440 --> 0:30:56.280
<v Speaker 1>I think you'll learn a lot and hopefully understand even

0:30:56.320 --> 0:31:10.800
<v Speaker 1>better the role of the ft S And joining me

0:31:10.840 --> 0:31:13.760
<v Speaker 1>now is the former head of the f t C

0:31:14.520 --> 0:31:20.200
<v Speaker 1>Federal Trade Commission. The alphabets sometimes folks get confused. Uh,

0:31:20.520 --> 0:31:23.280
<v Speaker 1>it's Lena Khan. Lena, welcome to the Todd Past. Thanks

0:31:23.320 --> 0:31:28.200
<v Speaker 1>for being here, Thanks for having me so before we

0:31:28.240 --> 0:31:30.719
<v Speaker 1>get into some of the nitty gritty of some of

0:31:30.760 --> 0:31:35.760
<v Speaker 1>the work that you left to your successor, and in

0:31:35.800 --> 0:31:38.800
<v Speaker 1>some cases, I'm curious how pleasantly surprised you are that

0:31:38.880 --> 0:31:41.880
<v Speaker 1>some of your work is continuing. Uh, And we will

0:31:41.880 --> 0:31:46.360
<v Speaker 1>get into that. But you were the youngest FTC chair

0:31:46.480 --> 0:31:49.680
<v Speaker 1>and I guess did you know you wanted to be

0:31:50.040 --> 0:31:51.880
<v Speaker 1>the chair of the FTC? And when did you know

0:31:51.920 --> 0:31:54.360
<v Speaker 1>you wanted to do that? And how does one become that?

0:31:55.120 --> 0:31:58.400
<v Speaker 1>I mean literally, for those that you know, trust busting

0:32:00.480 --> 0:32:03.160
<v Speaker 1>and the demand for government regulation is something that's always

0:32:03.200 --> 0:32:05.200
<v Speaker 1>sort of in the ether, but a lot of people

0:32:05.240 --> 0:32:09.040
<v Speaker 1>don't understand how specifically it would work, how the FTC works.

0:32:09.480 --> 0:32:12.240
<v Speaker 1>How did you know you wanted to do this when

0:32:12.240 --> 0:32:13.280
<v Speaker 1>you were younger?

0:32:13.880 --> 0:32:17.160
<v Speaker 2>Yeah, I've had a somewhat unusual path to antitrust and

0:32:17.200 --> 0:32:20.880
<v Speaker 2>consumer protection. I actually always growing up, wanted to be

0:32:21.000 --> 0:32:24.479
<v Speaker 2>a journalist and was really into kind of research and

0:32:24.520 --> 0:32:27.640
<v Speaker 2>reporting and figuring out how to tell stories that are

0:32:27.760 --> 0:32:31.360
<v Speaker 2>kind of holding power to account. I graduated shortly after

0:32:31.400 --> 0:32:34.120
<v Speaker 2>the financial crisis, and so journalism jobs were pretty difficult

0:32:34.160 --> 0:32:36.960
<v Speaker 2>to come by, and ended up landing at a think

0:32:36.960 --> 0:32:40.760
<v Speaker 2>tank and research organization where my job was to document

0:32:40.960 --> 0:32:44.200
<v Speaker 2>the effects of market consolidation. And so I was doing

0:32:44.240 --> 0:32:47.680
<v Speaker 2>a lot of reporting by talking to farmers, say, and

0:32:47.760 --> 0:32:51.160
<v Speaker 2>figuring out, hey, this big merger happened a few years ago,

0:32:51.680 --> 0:32:53.600
<v Speaker 2>what does it look like to be a chicken farmer

0:32:53.640 --> 0:32:59.400
<v Speaker 2>in today's America. I was on book publishing, rental cars, airlines,

0:33:00.040 --> 0:33:04.080
<v Speaker 2>and really saw how over the last few decades, a

0:33:04.160 --> 0:33:09.360
<v Speaker 2>secret trend across the American economy has been increasing consolidation.

0:33:09.680 --> 0:33:13.120
<v Speaker 2>And so whereas decades ago you would have dozens and

0:33:13.160 --> 0:33:17.080
<v Speaker 2>dozens of competitors, increasingly now you just have a small

0:33:17.160 --> 0:33:20.800
<v Speaker 2>number of companies that dominate, be it in meatpacking, be

0:33:20.880 --> 0:33:23.880
<v Speaker 2>it in airlines. If you go to the grocery store,

0:33:24.400 --> 0:33:26.600
<v Speaker 2>it might look like there are dozens of brands, but

0:33:26.640 --> 0:33:29.440
<v Speaker 2>they're actually just owned by a handful of companies, be

0:33:29.560 --> 0:33:33.440
<v Speaker 2>it for diapers or laundry detergent or snacks. And the

0:33:33.520 --> 0:33:37.160
<v Speaker 2>costs of this are really severe. I mean, Americans pay more,

0:33:37.920 --> 0:33:42.040
<v Speaker 2>wages are lower, small and independent businesses can't compete on

0:33:42.080 --> 0:33:45.560
<v Speaker 2>a level playing field. And yet, at least a decade ago,

0:33:45.640 --> 0:33:48.440
<v Speaker 2>it seemed like something that was really fringe and marginal

0:33:48.440 --> 0:33:51.120
<v Speaker 2>to the public conversation. And so I got really excited

0:33:51.120 --> 0:33:55.240
<v Speaker 2>about the possibility of trying to reinvigorate our nation's anti

0:33:55.320 --> 0:33:57.720
<v Speaker 2>monopoly laws. And that's kind of what led me on

0:33:57.760 --> 0:33:58.200
<v Speaker 2>this work.

0:33:58.960 --> 0:34:01.160
<v Speaker 1>One of the ways that I try to provide optimism

0:34:01.240 --> 0:34:04.200
<v Speaker 1>when I do my talks and explaining the current era

0:34:04.720 --> 0:34:06.760
<v Speaker 1>is I always ground it in, hey, this is kind

0:34:06.800 --> 0:34:09.400
<v Speaker 1>of familiar. And if you look at our politics today,

0:34:09.640 --> 0:34:11.520
<v Speaker 1>if you look at sort of the issue of income

0:34:11.600 --> 0:34:14.760
<v Speaker 1>and equality today, our polarization today, it's very very similar

0:34:14.800 --> 0:34:17.319
<v Speaker 1>to the late nineteenth century, early twentieth century. Right, you

0:34:17.360 --> 0:34:20.200
<v Speaker 1>have the big titans of industry, we have the tech

0:34:20.200 --> 0:34:24.239
<v Speaker 1>brologarchs today, you have you know, you have this sort

0:34:24.239 --> 0:34:27.640
<v Speaker 1>of you know, we had a rise of nativism back

0:34:27.680 --> 0:34:31.480
<v Speaker 1>then that seems to be coming back. Obviously, there's concern

0:34:31.520 --> 0:34:33.800
<v Speaker 1>as we transition. Back then it was a grand economy

0:34:33.840 --> 0:34:36.759
<v Speaker 1>to an industrial economy. Now we're transitioning from an industrial

0:34:36.760 --> 0:34:39.520
<v Speaker 1>economy to do whatever we're going to call us right,

0:34:39.560 --> 0:34:41.760
<v Speaker 1>we still haven't figured it out. Is it a service economy,

0:34:41.840 --> 0:34:44.239
<v Speaker 1>is it a tech economy? However we want to call it,

0:34:44.840 --> 0:34:49.799
<v Speaker 1>And with it will come over time more people noticing, Hey,

0:34:49.800 --> 0:34:55.719
<v Speaker 1>wait a minute, something's off here. Looking at that historical comparison,

0:34:58.160 --> 0:35:00.480
<v Speaker 1>he said, play professor for me. We're am I right,

0:35:00.520 --> 0:35:02.040
<v Speaker 1>and where do you think I'm a little off base

0:35:02.200 --> 0:35:02.960
<v Speaker 1>on a comparison.

0:35:03.239 --> 0:35:05.640
<v Speaker 2>I'm so glad you noted that, because you're right. The

0:35:05.840 --> 0:35:12.000
<v Speaker 2>historical parallels are incredibly striking. It was the Industrial Revolution

0:35:12.360 --> 0:35:16.440
<v Speaker 2>that delivered so many advances for Americans, but also allowed

0:35:16.719 --> 0:35:20.680
<v Speaker 2>a very small number of companies and individuals to concentrate

0:35:20.800 --> 0:35:24.640
<v Speaker 2>a tremendous amount of power. And it was the ability

0:35:24.680 --> 0:35:28.080
<v Speaker 2>of these monopolists and these industrial trusts to abuse that

0:35:28.239 --> 0:35:32.840
<v Speaker 2>power that set in motion of movement anti monopoly movement

0:35:32.960 --> 0:35:35.799
<v Speaker 2>to make sure that government had the tools and the

0:35:35.840 --> 0:35:39.720
<v Speaker 2>authority to check corporate abuse and to try to create

0:35:39.760 --> 0:35:43.759
<v Speaker 2>an economy that's really delivering fairness for everyday people. And

0:35:43.800 --> 0:35:47.240
<v Speaker 2>I think you know, at the FTC, I was able

0:35:47.280 --> 0:35:49.880
<v Speaker 2>to travel the country and meet with a lot of

0:35:49.920 --> 0:35:53.800
<v Speaker 2>communities and try to understand what are the economic points

0:35:53.800 --> 0:35:57.520
<v Speaker 2>that people are facing, and so many of the daily challenges,

0:35:57.960 --> 0:36:01.839
<v Speaker 2>be it, you know, the inability to afford your medicines,

0:36:02.160 --> 0:36:06.120
<v Speaker 2>having to ration things like insulin, to not being able

0:36:06.120 --> 0:36:09.600
<v Speaker 2>to afford your groceries, to having another job offer but

0:36:09.719 --> 0:36:12.360
<v Speaker 2>not being able to switch because you have a noncompete,

0:36:12.400 --> 0:36:16.040
<v Speaker 2>to you know, being abused by your corporate landlord. I mean,

0:36:16.120 --> 0:36:18.799
<v Speaker 2>so many of the day to day pain points that

0:36:18.880 --> 0:36:22.399
<v Speaker 2>are really squeezing Americans and making them feel like they're

0:36:22.400 --> 0:36:24.879
<v Speaker 2>not getting a fair shake no matter how how hard

0:36:24.880 --> 0:36:27.200
<v Speaker 2>they're work than not able to get ahead. I think

0:36:27.280 --> 0:36:30.239
<v Speaker 2>a lot of that economic anxiety is very ripe and

0:36:30.320 --> 0:36:32.480
<v Speaker 2>not all too different from what people were facing a

0:36:32.600 --> 0:36:33.160
<v Speaker 2>century ago.

0:36:33.840 --> 0:36:35.680
<v Speaker 1>I'll be honest, I hear I've heard a few of

0:36:35.719 --> 0:36:37.359
<v Speaker 1>the phrases and words I feel like, and I feel

0:36:37.360 --> 0:36:40.640
<v Speaker 1>like when we all talk about these things, the famous

0:36:40.640 --> 0:36:44.080
<v Speaker 1>Teddy Roosevelt speech, and also otomy right like, I can

0:36:44.120 --> 0:36:46.359
<v Speaker 1>sort of hear some of that language just known and

0:36:46.360 --> 0:36:51.239
<v Speaker 1>what you were talking about. I guess the question, you know,

0:36:51.360 --> 0:36:53.040
<v Speaker 1>one of the things that strikes me about hearing you.

0:36:53.239 --> 0:36:55.040
<v Speaker 1>The way you talk about this is as we have

0:36:55.120 --> 0:36:58.719
<v Speaker 1>this debate on the left about capitalism versus you know,

0:36:58.840 --> 0:37:01.360
<v Speaker 1>is it are we in late today capitalism? Is it failing?

0:37:01.760 --> 0:37:06.319
<v Speaker 1>In some ways you're articulating that, hey, if capital you know,

0:37:06.440 --> 0:37:13.960
<v Speaker 1>capitalism in its purest or free market form should be uh,

0:37:14.280 --> 0:37:18.040
<v Speaker 1>should be egalitarian of sorts. And in some ways we've

0:37:18.840 --> 0:37:22.440
<v Speaker 1>we're perverting capitalism with this consolidation of power. It's not

0:37:23.000 --> 0:37:25.839
<v Speaker 1>that isn't capitalism, right? I mean, it's like I always

0:37:25.920 --> 0:37:29.480
<v Speaker 1>joke the NFL is one of the great socialistic enterprises

0:37:29.520 --> 0:37:32.080
<v Speaker 1>that exists, right, it is not. The teams do not

0:37:32.120 --> 0:37:34.600
<v Speaker 1>compete against each other, right, They share all of their

0:37:34.640 --> 0:37:37.560
<v Speaker 1>revenues equally, and they have marginal ways that they get

0:37:37.600 --> 0:37:43.920
<v Speaker 1>to do this. Do you count yourself as a sort

0:37:43.960 --> 0:37:46.440
<v Speaker 1>of in some ways a pure capitalist who just thinks

0:37:46.440 --> 0:37:47.560
<v Speaker 1>the rules need to be fair.

0:37:48.960 --> 0:37:52.480
<v Speaker 2>I mean, we absolutely need the rules to be fair.

0:37:52.719 --> 0:37:55.360
<v Speaker 2>And one of the key principles that we've used to

0:37:55.400 --> 0:37:59.120
<v Speaker 2>structure our economy is this idea of competition, right, the

0:37:59.200 --> 0:38:02.040
<v Speaker 2>idea that we want to have markets where if you

0:38:02.160 --> 0:38:05.200
<v Speaker 2>have a good idea, if you have the talent to

0:38:05.280 --> 0:38:07.319
<v Speaker 2>kind of bring a new idea to market, bring a

0:38:07.320 --> 0:38:09.800
<v Speaker 2>new business to market. You should be able to compete

0:38:09.800 --> 0:38:12.000
<v Speaker 2>on a level playing field, right, And so much of

0:38:12.040 --> 0:38:15.839
<v Speaker 2>the innovation, the breakthrough advances in our country, be it

0:38:15.880 --> 0:38:19.480
<v Speaker 2>in Silicon Valley, be it in areas like medicines have

0:38:19.600 --> 0:38:22.160
<v Speaker 2>come from upstarts, right, from somebody with a good thing

0:38:22.440 --> 0:38:25.600
<v Speaker 2>being able to fairly compete. And you're absolutely right that

0:38:25.719 --> 0:38:29.120
<v Speaker 2>as our markets become more and more dominated by smaller

0:38:29.160 --> 0:38:33.000
<v Speaker 2>and smaller number of companies, and those monopolies abuse their

0:38:33.120 --> 0:38:36.600
<v Speaker 2>power to squash out their arrivals to kind of rig

0:38:36.640 --> 0:38:40.680
<v Speaker 2>the playing field, we all lose out right. People. People

0:38:40.719 --> 0:38:44.000
<v Speaker 2>feel like it's not fair, and materially the consequences and

0:38:44.040 --> 0:38:47.560
<v Speaker 2>the outcomes are worse for us as an economy.

0:38:48.000 --> 0:38:50.279
<v Speaker 1>Some of the places where I think that there is

0:38:50.320 --> 0:38:54.680
<v Speaker 1>a left right convergence on agreement that the government needs

0:38:54.680 --> 0:38:58.000
<v Speaker 1>to do something is the role of the tech big

0:38:58.080 --> 0:39:01.200
<v Speaker 1>tech companies. Right. I'm going to ask from a very

0:39:01.200 --> 0:39:05.200
<v Speaker 1>selfish point of view, which is media. I look at

0:39:05.320 --> 0:39:08.560
<v Speaker 1>the issue of distribution and we in media, and I

0:39:08.560 --> 0:39:12.560
<v Speaker 1>don't care where you are these days, whether you're at CBSNBC, ABC,

0:39:12.719 --> 0:39:17.520
<v Speaker 1>whether you're an independent substacker or somewhere in between. You

0:39:17.640 --> 0:39:21.880
<v Speaker 1>do not control your distribution. Distribution is in the hands

0:39:21.960 --> 0:39:26.160
<v Speaker 1>of some a handful of tech companies who can dial

0:39:26.239 --> 0:39:29.640
<v Speaker 1>up or dial down the algorithms, and there is no

0:39:29.719 --> 0:39:34.719
<v Speaker 1>transparency and how it works and how it does walk

0:39:34.800 --> 0:39:37.920
<v Speaker 1>me through the difficulties. It is for THETC to play

0:39:37.960 --> 0:39:40.440
<v Speaker 1>a role here in trying to because I just I

0:39:40.719 --> 0:39:43.600
<v Speaker 1>think you've been I think you tried. I think you're trying.

0:39:43.800 --> 0:39:46.520
<v Speaker 1>I think there's some form of this of your successor

0:39:47.200 --> 0:39:51.200
<v Speaker 1>at least keeping some of these cases going. But is

0:39:52.239 --> 0:39:53.880
<v Speaker 1>in my great fear is that we're going to get

0:39:53.920 --> 0:39:58.359
<v Speaker 1>resolution and it'll be obsolete tech that we finally were

0:39:58.400 --> 0:40:01.720
<v Speaker 1>able to you know, we're finally able to resolve some issues,

0:40:01.760 --> 0:40:06.480
<v Speaker 1>but it's no longer the prominent thing. Meanwhile, this consolidation

0:40:06.600 --> 0:40:09.400
<v Speaker 1>of power has destroyed the entire media ecosystem.

0:40:10.880 --> 0:40:15.879
<v Speaker 2>It's a very valid fear, and candidly, I think enforcers

0:40:16.200 --> 0:40:20.680
<v Speaker 2>and policymakers in DC were generally slow to kind of

0:40:20.760 --> 0:40:24.799
<v Speaker 2>recognize the enormous problem of tech consolidation. Right in the

0:40:24.800 --> 0:40:28.680
<v Speaker 2>early two thousands, there was almost this like religious zeal

0:40:28.920 --> 0:40:31.839
<v Speaker 2>that these tech companies were spreading this idea that there

0:40:31.840 --> 0:40:36.080
<v Speaker 2>were these revolutionary companies that were just going to be

0:40:36.280 --> 0:40:39.560
<v Speaker 2>you know, really fantastic for people. And there was almost

0:40:39.719 --> 0:40:43.960
<v Speaker 2>like this you know, move fast and break things type mentality,

0:40:44.440 --> 0:40:47.080
<v Speaker 2>and there was a sense that these markets moved so

0:40:47.239 --> 0:40:50.040
<v Speaker 2>quickly that if anything, it's better to get out of

0:40:50.040 --> 0:40:52.359
<v Speaker 2>the way, that the government should be a stands off

0:40:52.400 --> 0:40:55.120
<v Speaker 2>as possible. And I think what we've seen is that

0:40:55.160 --> 0:40:58.200
<v Speaker 2>there were enormous costs to that. Right, we now have

0:40:58.960 --> 0:41:02.600
<v Speaker 2>just a handful of companies that are controlling key arteries

0:41:02.960 --> 0:41:07.560
<v Speaker 2>of commerce, key arteries of communication, and that functionally means

0:41:07.640 --> 0:41:10.759
<v Speaker 2>that these companies are getting to call the shots on

0:41:11.040 --> 0:41:14.719
<v Speaker 2>slots of business activity. Right. You noted, they're getting to

0:41:14.760 --> 0:41:18.000
<v Speaker 2>effectively call the shots on what content gets heard or

0:41:18.040 --> 0:41:22.439
<v Speaker 2>seen with no transparency and no accountability, right because there's

0:41:22.440 --> 0:41:25.560
<v Speaker 2>no competition in the market. If you don't like what

0:41:25.600 --> 0:41:28.680
<v Speaker 2>a Google algorithm is doing, you don't really have that

0:41:28.840 --> 0:41:32.200
<v Speaker 2>much choice. And that's what was so eye opening for

0:41:32.239 --> 0:41:37.040
<v Speaker 2>me is that there were actually thousands upon thousands of

0:41:37.160 --> 0:41:42.440
<v Speaker 2>businesses that were enormously alarmed and disturbed about the power

0:41:42.480 --> 0:41:46.200
<v Speaker 2>that these tech companies had accumulated because they could only

0:41:46.320 --> 0:41:51.000
<v Speaker 2>their access to customers was entirely dependent on the whims

0:41:51.040 --> 0:41:53.120
<v Speaker 2>of an Amazon or a Google, and I would have

0:41:53.160 --> 0:41:56.200
<v Speaker 2>companies tell me, you know, I woke up today for

0:41:56.239 --> 0:41:58.799
<v Speaker 2>some reason, on Amazon, I went from page one to

0:41:58.880 --> 0:42:02.040
<v Speaker 2>page seven, or on Google from page one page seven.

0:42:02.560 --> 0:42:04.760
<v Speaker 2>And if this does I don't know why, nothing changed

0:42:04.800 --> 0:42:07.360
<v Speaker 2>on my end, But if this doesn't get fixed, my

0:42:07.440 --> 0:42:10.680
<v Speaker 2>business is going to go bankrupt. And you know, I

0:42:10.719 --> 0:42:14.760
<v Speaker 2>remember there was a business who was quoted saying Google

0:42:14.800 --> 0:42:17.279
<v Speaker 2>has more power than the government. Right, the government can

0:42:17.360 --> 0:42:20.520
<v Speaker 2>tax me, but if changes an algorithm, my business is

0:42:20.560 --> 0:42:23.320
<v Speaker 2>going to go under. And so I think people started

0:42:23.320 --> 0:42:26.520
<v Speaker 2>to realize just the enormous power these companies have. If

0:42:26.520 --> 0:42:30.800
<v Speaker 2>it's not how to account can just be extremely abusive.

0:42:31.040 --> 0:42:32.799
<v Speaker 1>Let's good to something. How did we get to the

0:42:32.840 --> 0:42:39.600
<v Speaker 1>point where I have to be I have to consent

0:42:40.680 --> 0:42:45.000
<v Speaker 1>for my data to use an app versus the app

0:42:45.320 --> 0:42:48.080
<v Speaker 1>having to consent to me to get data. Do you

0:42:48.120 --> 0:42:53.400
<v Speaker 1>see what I mean? Like we've totally reversed the permission structure,

0:42:53.800 --> 0:42:58.960
<v Speaker 1>which is I basically I'm being coersed to give up

0:42:59.000 --> 0:43:02.280
<v Speaker 1>something to use a product, right to use a Google

0:43:02.280 --> 0:43:06.920
<v Speaker 1>apport simply to update a product I've already purchased. But

0:43:07.000 --> 0:43:10.400
<v Speaker 1>if I want a free update, I've got to you know,

0:43:10.520 --> 0:43:12.600
<v Speaker 1>instead of you know, I got to give something in return,

0:43:12.920 --> 0:43:14.880
<v Speaker 1>And there's no alternative, like I could say, Hey, I

0:43:14.920 --> 0:43:17.399
<v Speaker 1>don't want to give you this data? Can I buy it? Right?

0:43:17.400 --> 0:43:20.120
<v Speaker 1>They're not even they're not even giving me access to

0:43:20.160 --> 0:43:25.239
<v Speaker 1>this updated version of the apps. How did we get

0:43:25.280 --> 0:43:28.800
<v Speaker 1>here where we're they're not asking us permission, but essentially

0:43:28.800 --> 0:43:29.640
<v Speaker 1>we're being coerced.

0:43:30.800 --> 0:43:35.080
<v Speaker 2>It's a really important question. And a key moment was

0:43:35.440 --> 0:43:39.520
<v Speaker 2>in the early two thousands where some of these businesses

0:43:39.840 --> 0:43:45.200
<v Speaker 2>started adopting business models that were premised effectively on surveiling

0:43:45.280 --> 0:43:47.120
<v Speaker 2>you and harvesting all of your data.

0:43:47.520 --> 0:43:47.680
<v Speaker 1>Right.

0:43:47.719 --> 0:43:51.560
<v Speaker 2>Companies like Google, Facebook decided they were going to monetize

0:43:51.680 --> 0:43:55.880
<v Speaker 2>their companies not by charging customers in terms of dollars,

0:43:56.280 --> 0:43:59.640
<v Speaker 2>but instead by collecting data on them and then selling

0:43:59.640 --> 0:44:02.840
<v Speaker 2>that to advertisers. And what that did from a business

0:44:02.880 --> 0:44:07.160
<v Speaker 2>perspective was create an incentive to collect as much information

0:44:07.400 --> 0:44:10.480
<v Speaker 2>on you as possible. Right, And so they're collecting it

0:44:10.520 --> 0:44:12.960
<v Speaker 2>when you're on their website, but they're also collecting it

0:44:13.000 --> 0:44:17.440
<v Speaker 2>across the internet. Now it can be combined with data

0:44:17.440 --> 0:44:21.959
<v Speaker 2>collected on your phone, including your precise geolocation, and there's

0:44:22.040 --> 0:44:25.640
<v Speaker 2>just a huge business incentive because that's how they make money.

0:44:26.239 --> 0:44:28.920
<v Speaker 2>And it's really striking because you know, America has a

0:44:29.280 --> 0:44:33.799
<v Speaker 2>long tradition of being very skeptical of government surveillance, but

0:44:33.880 --> 0:44:37.600
<v Speaker 2>we are now increasingly being surveilled by these private companies

0:44:38.280 --> 0:44:41.400
<v Speaker 2>and we don't know what's happening with that data. At

0:44:41.400 --> 0:44:44.799
<v Speaker 2>the FTP sometimes found it was actually being sold just

0:44:44.840 --> 0:44:47.400
<v Speaker 2>to the highest bidder, even if that meant selling it

0:44:47.440 --> 0:44:51.080
<v Speaker 2>to foreign adversaries, and sometimes it is sold to the

0:44:51.080 --> 0:44:53.680
<v Speaker 2>government or used by the government, and so it seems

0:44:53.719 --> 0:44:57.880
<v Speaker 2>like there's this whole workaround. And you know, companies have

0:44:57.960 --> 0:45:01.560
<v Speaker 2>adopted this notice and consent where they think if they

0:45:01.640 --> 0:45:04.640
<v Speaker 2>just present you this long terms of service and you

0:45:05.000 --> 0:45:07.480
<v Speaker 2>agree that that means you're consenting. But we all know

0:45:07.600 --> 0:45:10.480
<v Speaker 2>that's a fiction. And as you noted, we have to

0:45:10.560 --> 0:45:13.120
<v Speaker 2>use these services to navigate day to day life, and

0:45:13.200 --> 0:45:14.800
<v Speaker 2>so it does feel like coercion.

0:45:15.960 --> 0:45:21.319
<v Speaker 1>Well, the South Park Boys probably have the best illustration

0:45:21.480 --> 0:45:24.600
<v Speaker 1>of what happens with the agreement. They did a whole episode.

0:45:24.640 --> 0:45:26.279
<v Speaker 1>I have no idea how familiar with that, but this

0:45:26.400 --> 0:45:28.680
<v Speaker 1>is I recommend it. They did this like a decade ago,

0:45:29.440 --> 0:45:31.960
<v Speaker 1>sort of mocking the automate. What do you mean you

0:45:31.960 --> 0:45:34.200
<v Speaker 1>didn't read your permits and services and now one of

0:45:34.200 --> 0:45:37.400
<v Speaker 1>the boys ends up being a human experiment for Apple

0:45:37.480 --> 0:45:39.920
<v Speaker 1>to become a human centipede iPad or something like that.

0:45:40.200 --> 0:45:43.160
<v Speaker 1>I mean, it's absurd, but it was really well, it

0:45:43.200 --> 0:45:48.040
<v Speaker 1>was satire done exactly to point out this absurdity of

0:45:48.200 --> 0:45:51.000
<v Speaker 1>terms and conditions and the fact that nobody actually reads

0:45:51.000 --> 0:45:54.040
<v Speaker 1>it and you have no idea what you've just consented to,

0:45:54.840 --> 0:45:57.200
<v Speaker 1>and this idea that oh it's on you. Oh come

0:45:57.239 --> 0:46:04.520
<v Speaker 1>on like that. That's not where, that's not realistic. What

0:46:05.160 --> 0:46:10.520
<v Speaker 1>let's this you just talked about the hands off approach

0:46:11.400 --> 0:46:15.000
<v Speaker 1>that essentially government decided to take on the tech industry

0:46:15.200 --> 0:46:17.880
<v Speaker 1>in the first two decades of the century. Here we

0:46:17.920 --> 0:46:21.200
<v Speaker 1>are at AI at this moment, and that is exactly

0:46:21.239 --> 0:46:25.839
<v Speaker 1>the same conversation all these AI had, don't regulate us, right,

0:46:25.880 --> 0:46:28.360
<v Speaker 1>And we just saw that bill there was going to

0:46:28.360 --> 0:46:31.359
<v Speaker 1>be an attempt to put a moratorium on state based

0:46:31.400 --> 0:46:34.120
<v Speaker 1>regulations for ten years. As soon as it popped up

0:46:34.239 --> 0:46:37.360
<v Speaker 1>there there were there were at least a few people

0:46:37.400 --> 0:46:40.680
<v Speaker 1>howling about it, and they got stripped out. A reminder

0:46:40.719 --> 0:46:44.080
<v Speaker 1>sometimes transparency is still the best disinfected that you have

0:46:44.239 --> 0:46:48.279
<v Speaker 1>on sometimes on bad policy, but it certainly looks like

0:46:48.320 --> 0:46:50.400
<v Speaker 1>we're about to do the same make the same mistakes

0:46:50.400 --> 0:46:53.360
<v Speaker 1>with AI that we made with social media.

0:46:53.680 --> 0:46:56.440
<v Speaker 2>It's a key risk. And you know, I think we've

0:46:56.480 --> 0:47:00.719
<v Speaker 2>seen some interesting dynamics with AI where some times these

0:47:00.760 --> 0:47:04.920
<v Speaker 2>moments of you know, technological advances and break through advances

0:47:05.360 --> 0:47:08.120
<v Speaker 2>are actually a moment where the market opens up and

0:47:08.160 --> 0:47:11.680
<v Speaker 2>you get new players. And so it was actually you know,

0:47:11.800 --> 0:47:15.799
<v Speaker 2>Microsoft being disciplined by anti trusts that allowed thes and

0:47:15.800 --> 0:47:18.040
<v Speaker 2>the facebooks and the Googles to come in and and

0:47:18.160 --> 0:47:21.480
<v Speaker 2>youer more competition. The risk we're seeing now is that

0:47:21.560 --> 0:47:27.680
<v Speaker 2>this technological revolution will instead allow the existing giants to

0:47:27.880 --> 0:47:30.240
<v Speaker 2>just expand and double down on their power.

0:47:30.920 --> 0:47:33.600
<v Speaker 1>Well let's talk about that real quick, because who could

0:47:33.600 --> 0:47:35.640
<v Speaker 1>start up an AI company on their own? Right now?

0:47:36.000 --> 0:47:38.600
<v Speaker 1>You need to have so much money to get power,

0:47:39.000 --> 0:47:41.759
<v Speaker 1>so much money to get the computer, you know, actual electricity,

0:47:42.520 --> 0:47:46.520
<v Speaker 1>computing power. The barrier to entry is super high. This

0:47:46.560 --> 0:47:49.239
<v Speaker 1>is not so the only companies that can afford it

0:47:49.239 --> 0:47:51.480
<v Speaker 1>are the companies that have already the already have the

0:47:51.520 --> 0:47:52.800
<v Speaker 1>power and the resources.

0:47:52.880 --> 0:47:56.720
<v Speaker 2>Right, That's exactly right. Kind of every step of the way,

0:47:57.239 --> 0:48:00.280
<v Speaker 2>you're basically dependent on the whims of these existing giant

0:48:00.120 --> 0:48:04.759
<v Speaker 2>And I think the other really incredible component here is

0:48:04.800 --> 0:48:07.920
<v Speaker 2>that a lot of these models are being trained on

0:48:08.000 --> 0:48:10.960
<v Speaker 2>people's data. Right, we were just talking about consent and

0:48:11.000 --> 0:48:13.120
<v Speaker 2>the lack of consent. I mean, when I was at

0:48:13.120 --> 0:48:18.680
<v Speaker 2>the FTC, we were talking to creators, writers, graphic designers

0:48:19.000 --> 0:48:21.680
<v Speaker 2>who said, I just woke up one day and my

0:48:21.760 --> 0:48:24.880
<v Speaker 2>life's work had been ingested by this model that is

0:48:24.920 --> 0:48:27.839
<v Speaker 2>now spitting out stuff that is competing with me, and

0:48:27.880 --> 0:48:30.000
<v Speaker 2>it was trained on me, and nobody asked me, and

0:48:30.000 --> 0:48:33.600
<v Speaker 2>nobody paid me. How is that fit? Right? And so

0:48:33.680 --> 0:48:37.360
<v Speaker 2>we've already seen what some of people would call theft

0:48:37.400 --> 0:48:39.640
<v Speaker 2>in terms of just how much of that information has

0:48:39.680 --> 0:48:43.839
<v Speaker 2>already been ingested and monetized without any consent or compensation.

0:48:44.440 --> 0:48:47.400
<v Speaker 2>I think the other potential abusive practice we could see

0:48:47.520 --> 0:48:51.920
<v Speaker 2>is this idea of surveillance pricing. We're not only is

0:48:51.960 --> 0:48:54.480
<v Speaker 2>your data being collected on you, but then it is

0:48:54.520 --> 0:48:59.000
<v Speaker 2>being used against you to price as much as you

0:48:59.080 --> 0:49:01.960
<v Speaker 2>will pay. So imagine you had a death in the

0:49:02.000 --> 0:49:04.400
<v Speaker 2>family and you got an email notice about where the

0:49:04.480 --> 0:49:07.000
<v Speaker 2>services are going to be. You go to buy a

0:49:07.000 --> 0:49:10.000
<v Speaker 2>plane ticket and the airline company knows you are trying

0:49:10.040 --> 0:49:13.279
<v Speaker 2>to get to a funeral, it's an emergency, and maybe

0:49:13.280 --> 0:49:16.120
<v Speaker 2>they'll overcharge you, right, And I think that's going to

0:49:16.160 --> 0:49:18.880
<v Speaker 2>be one of the next frontiers of potential abuse that

0:49:18.880 --> 0:49:20.160
<v Speaker 2>we have to be on guard for.

0:49:20.960 --> 0:49:25.839
<v Speaker 1>Now, this is something you know. Is the FTC set

0:49:25.920 --> 0:49:29.120
<v Speaker 1>up to be proactive or is the entire premise of

0:49:29.160 --> 0:49:34.160
<v Speaker 1>the agency or reactive agency? Right? And I think I

0:49:34.200 --> 0:49:36.600
<v Speaker 1>know the answer to that question, but I feel like

0:49:36.640 --> 0:49:38.480
<v Speaker 1>that's the inherent flaw in the FTC.

0:49:38.760 --> 0:49:41.759
<v Speaker 2>Now, well, it's a good question, and I mean, I

0:49:41.760 --> 0:49:44.400
<v Speaker 2>think what it sounds like what you're suggesting by reactive

0:49:44.520 --> 0:49:47.520
<v Speaker 2>is if the agency is primarily bringing lawsuits, is it

0:49:47.600 --> 0:49:50.680
<v Speaker 2>bringing lawsuits effectively after the fact, once it's too late

0:49:51.280 --> 0:49:54.319
<v Speaker 2>you're going to Yes, No, you're You're right that one

0:49:54.400 --> 0:49:57.839
<v Speaker 2>of the main things the agency does is bring lawsuits

0:49:58.320 --> 0:50:01.200
<v Speaker 2>to kind of go after kind of conduct that's already happened.

0:50:01.719 --> 0:50:04.279
<v Speaker 2>We did also do making and so we can get

0:50:04.320 --> 0:50:07.080
<v Speaker 2>through rules like one of the ones we pushed through

0:50:07.280 --> 0:50:11.120
<v Speaker 2>was a ban on noncompete clauses. These are clauses that

0:50:11.280 --> 0:50:15.280
<v Speaker 2>basically block you from taking a job editor or starting

0:50:15.280 --> 0:50:16.120
<v Speaker 2>your own business.

0:50:16.440 --> 0:50:18.440
<v Speaker 1>It's a huge thing in the media business. It's a

0:50:18.520 --> 0:50:22.239
<v Speaker 1>huge thing in me. Now there's coercion ways to do it.

0:50:22.320 --> 0:50:24.719
<v Speaker 1>You know, they can pay you to be you know,

0:50:24.760 --> 0:50:27.520
<v Speaker 1>to try to try to do that and compensated. And

0:50:27.920 --> 0:50:34.080
<v Speaker 1>is that still legal or noncompete they still compensate. Yeah, no,

0:50:34.200 --> 0:50:34.760
<v Speaker 1>I think if.

0:50:34.600 --> 0:50:37.239
<v Speaker 2>You're compensated, that's a very different situation.

0:50:37.600 --> 0:50:40.160
<v Speaker 1>Believe, not compete without compensation.

0:50:40.120 --> 0:50:44.319
<v Speaker 2>Compensation, and not even for executives in the boardroom, but

0:50:44.360 --> 0:50:48.239
<v Speaker 2>for security guards and janitors and fast food workers. I mean,

0:50:48.480 --> 0:50:50.880
<v Speaker 2>when we were doing this work at the FTC, we

0:50:50.960 --> 0:50:54.520
<v Speaker 2>heard from a bartender in Florida who was being harassed

0:50:54.520 --> 0:50:56.879
<v Speaker 2>at her job. She went to go find a job

0:50:56.920 --> 0:50:59.959
<v Speaker 2>at a different restaurant, and once she was going to start,

0:51:00.280 --> 0:51:03.000
<v Speaker 2>she got hit with a lawsuit for tens of thousands

0:51:03.040 --> 0:51:05.040
<v Speaker 2>of dollars because she had a non compete and her

0:51:05.080 --> 0:51:07.799
<v Speaker 2>original restaurant was trying to block it. I mean, they're

0:51:07.840 --> 0:51:11.399
<v Speaker 2>just such absurd and horrifying stories about how these non

0:51:11.440 --> 0:51:14.279
<v Speaker 2>competes are abused. So we've got put through a rule

0:51:14.360 --> 0:51:17.399
<v Speaker 2>to ban them in the vast majority of contexts, it's

0:51:17.440 --> 0:51:21.440
<v Speaker 2>currently being litigated pushed back against. I think the biggest

0:51:21.640 --> 0:51:25.920
<v Speaker 2>challenge for the FTC candidly is its size. I mean,

0:51:25.920 --> 0:51:30.240
<v Speaker 2>this is a tiny agency relative to its mission and mandate.

0:51:30.920 --> 0:51:35.480
<v Speaker 2>It oversees economic activity across the vast majority of the

0:51:35.560 --> 0:51:39.279
<v Speaker 2>US economy, and at its height when I was there

0:51:39.719 --> 0:51:44.000
<v Speaker 2>was around thirteen hundred people. Now smaller, we've seen, you know,

0:51:44.239 --> 0:51:47.120
<v Speaker 2>a brain drain, a lot of attrition, people kind of

0:51:47.160 --> 0:51:51.200
<v Speaker 2>trying to flee. And it's tough. You know, we've heard

0:51:51.200 --> 0:51:54.600
<v Speaker 2>about DOGE cuts and the agency shrinking further, and so

0:51:54.760 --> 0:51:57.040
<v Speaker 2>I think that's a challenge.

0:51:57.239 --> 0:52:00.319
<v Speaker 1>And yet there is you know, there is a heart

0:52:00.400 --> 0:52:04.600
<v Speaker 1>of of the populist right that very much. You know,

0:52:04.680 --> 0:52:08.319
<v Speaker 1>we're cheering you on when it came to Facebook and that,

0:52:08.560 --> 0:52:11.239
<v Speaker 1>and cheering you on when it came to Amazon. And

0:52:11.320 --> 0:52:15.320
<v Speaker 1>yet it doesn't seem as if that is it doesn't

0:52:15.360 --> 0:52:19.360
<v Speaker 1>seem like that part of that base as a voice

0:52:19.360 --> 0:52:22.360
<v Speaker 1>in this current administration. That's what it's been more lip service.

0:52:22.920 --> 0:52:26.480
<v Speaker 2>It's such an interesting question, and you know sometimes it

0:52:26.600 --> 0:52:29.480
<v Speaker 2>changes week by week, but you're right, it does seem

0:52:29.560 --> 0:52:32.439
<v Speaker 2>like overall there has been a drift right, if there's

0:52:32.440 --> 0:52:36.040
<v Speaker 2>a fight between the kind of populist wing and the

0:52:36.080 --> 0:52:39.440
<v Speaker 2>corporateest wing. It does seem like more and more the

0:52:39.520 --> 0:52:42.440
<v Speaker 2>kind of corporatist wing is winning out. I mean, we

0:52:42.480 --> 0:52:46.000
<v Speaker 2>do see some pushback and kind of efforts to grapple

0:52:46.040 --> 0:52:49.600
<v Speaker 2>through this, you know, at the FTC. I think you're

0:52:49.680 --> 0:52:53.120
<v Speaker 2>right that there was kind of support among Republican members

0:52:53.120 --> 0:52:57.160
<v Speaker 2>of Congress, but there's almost support at a grassroots level, right,

0:52:57.200 --> 0:52:58.040
<v Speaker 2>I mean, I would get.

0:52:58.280 --> 0:53:00.640
<v Speaker 1>More support on the grassroots level, frankly, right, Yeah, I

0:53:00.680 --> 0:53:01.239
<v Speaker 1>think that's right.

0:53:01.280 --> 0:53:04.279
<v Speaker 2>I would get letters from, you know, people saying I'm

0:53:04.280 --> 0:53:08.560
<v Speaker 2>a lifelong Republican, a hardcore free market capitalist, but if

0:53:08.560 --> 0:53:11.960
<v Speaker 2>the FTC bans noncompetes, it'll be the best thing government

0:53:12.000 --> 0:53:16.560
<v Speaker 2>has ever done. I would have Republican business owners coming

0:53:16.600 --> 0:53:21.880
<v Speaker 2>to me nearly in tears, right, independent pharmacists, farmers, saying

0:53:22.000 --> 0:53:24.719
<v Speaker 2>my business is about to go under because of this

0:53:25.160 --> 0:53:29.120
<v Speaker 2>massive middleman that's squeezing me out. And so I think,

0:53:29.239 --> 0:53:32.560
<v Speaker 2>you know, this issue of unchecked corporate power, of monopoly

0:53:32.640 --> 0:53:36.439
<v Speaker 2>abuse has become so acute that it affects every part

0:53:36.480 --> 0:53:39.040
<v Speaker 2>of our country, then there's a lot of support for

0:53:39.080 --> 0:53:39.560
<v Speaker 2>taking it on.

0:53:41.040 --> 0:53:45.320
<v Speaker 1>It sort of in hearing about some of the most

0:53:46.000 --> 0:53:50.800
<v Speaker 1>egregious monopolistic practices, it seems as if it's more egregious,

0:53:50.840 --> 0:53:56.160
<v Speaker 1>the more mature said industry is, So take pharmaceuticals. You

0:53:56.200 --> 0:54:00.600
<v Speaker 1>brought up the independent pharmacy issue versus Frank, you know,

0:54:01.080 --> 0:54:03.360
<v Speaker 1>the two giants, and I guess it's one and a

0:54:03.400 --> 0:54:06.279
<v Speaker 1>half giants, right. I think Walgreens is struggling to keep

0:54:06.360 --> 0:54:10.000
<v Speaker 1>up with CBS. Is it even possible to be an

0:54:10.000 --> 0:54:13.440
<v Speaker 1>independent pharmacist anymore? And is it just that feels like

0:54:13.480 --> 0:54:19.960
<v Speaker 1>an extraordinarily consolidated thing. And what role should the FDC

0:54:20.120 --> 0:54:22.879
<v Speaker 1>have in something like this? On behalf of independent pharmacists.

0:54:24.160 --> 0:54:26.239
<v Speaker 2>So this was a big area of focus for us

0:54:26.280 --> 0:54:31.640
<v Speaker 2>because independent pharmacies, especially in rural area areas, play such

0:54:31.640 --> 0:54:33.640
<v Speaker 2>a critical role. I mean sometimes they are the only

0:54:33.719 --> 0:54:38.080
<v Speaker 2>kind of healthcare provider nearby. And what's been so interesting

0:54:38.280 --> 0:54:42.279
<v Speaker 2>is that communities generally love their independent pharmacists, and these

0:54:42.280 --> 0:54:45.080
<v Speaker 2>independent pharmacists are kind of, you know, offers.

0:54:44.840 --> 0:54:48.040
<v Speaker 1>Kind of like doctors. I mean, look, I'm my my

0:54:48.200 --> 0:54:52.600
<v Speaker 1>grew up in northwest Florida. Pensacola is a pretty mature community.

0:54:52.600 --> 0:54:55.319
<v Speaker 1>But some of the outlier communities where are families from

0:54:55.640 --> 0:54:58.480
<v Speaker 1>very much and there's a you know, small independent pharmacist

0:54:58.880 --> 0:55:01.600
<v Speaker 1>that was like the family called them up right, you know, Hey,

0:55:01.680 --> 0:55:03.799
<v Speaker 1>my kids got a cold. What what should I tell?

0:55:03.800 --> 0:55:06.880
<v Speaker 1>I mean, they treat the pharmacist almost like a doctor.

0:55:07.320 --> 0:55:10.959
<v Speaker 1>That's how important they are, you know. And just see

0:55:11.040 --> 0:55:14.200
<v Speaker 1>I've seen it sook, you know, with an in law

0:55:14.239 --> 0:55:17.880
<v Speaker 1>who was suffering and a prescription ran out on a Saturday.

0:55:17.920 --> 0:55:19.560
<v Speaker 1>They didn't know what else to do, right, and it

0:55:20.120 --> 0:55:23.360
<v Speaker 1>so it really is a community lifeline in these smaller

0:55:23.440 --> 0:55:25.279
<v Speaker 1>and these smaller communities.

0:55:25.160 --> 0:55:28.800
<v Speaker 2>That's right. And a lot of these independent pharmacies are

0:55:28.880 --> 0:55:32.239
<v Speaker 2>being squeezed, not because their communities don't love them and

0:55:32.280 --> 0:55:35.560
<v Speaker 2>benefit from them, but because there are these actors called

0:55:35.640 --> 0:55:39.640
<v Speaker 2>pharmacy benefit managers. There are these kind of middlemen in

0:55:39.680 --> 0:55:43.840
<v Speaker 2>the healthcare system that coordinate between the pharmacy and the

0:55:43.840 --> 0:55:46.000
<v Speaker 2>health insurance and the drug manufacturer.

0:55:46.400 --> 0:55:51.040
<v Speaker 1>Why do they exists? I mean, this is my big question.

0:55:51.080 --> 0:55:53.680
<v Speaker 1>I don't I'm going to I watched a lot of

0:55:54.080 --> 0:55:55.520
<v Speaker 1>you know, if you're living, if you live in the

0:55:55.600 --> 0:55:58.719
<v Speaker 1>DC market, you hear about PBMs. It's the only place

0:55:58.760 --> 0:56:01.680
<v Speaker 1>you hear about it, right, because it's a fight over legislation,

0:56:01.760 --> 0:56:03.480
<v Speaker 1>and they're trying to fight for their existence and all

0:56:03.480 --> 0:56:06.399
<v Speaker 1>of this stuff. And no matter how much I even

0:56:06.400 --> 0:56:08.520
<v Speaker 1>follow the issue, and I like, what the hell are

0:56:08.520 --> 0:56:10.879
<v Speaker 1>these and why do they exist?

0:56:11.239 --> 0:56:13.839
<v Speaker 2>So in theory they came into existence to try to

0:56:14.000 --> 0:56:18.600
<v Speaker 2>make prices lower for people, but there's good evidence that

0:56:18.600 --> 0:56:21.440
<v Speaker 2>they're actually having the opposite effect, right, And so now

0:56:21.480 --> 0:56:25.360
<v Speaker 2>these PBMs have actually vertically integrated with the health insurer.

0:56:25.760 --> 0:56:28.640
<v Speaker 2>Some of them have their own mail order pharmacy, and

0:56:28.719 --> 0:56:31.719
<v Speaker 2>pharmacies will tell us that patients are coming to them

0:56:31.760 --> 0:56:34.839
<v Speaker 2>and saying, Hey, I've been fulfilling my prescription with you

0:56:34.920 --> 0:56:37.759
<v Speaker 2>for years, but I just got this letter from my

0:56:37.800 --> 0:56:41.839
<v Speaker 2>insurance company saying now I can only fulfill this through

0:56:41.840 --> 0:56:44.719
<v Speaker 2>their mail order pharmacy. And guess what. The mail order

0:56:44.719 --> 0:56:47.960
<v Speaker 2>pharmacy is using trucks in the heat, and by the

0:56:48.000 --> 0:56:50.000
<v Speaker 2>time your medicine gets to you, it actually ended up

0:56:50.040 --> 0:56:53.640
<v Speaker 2>getting spoilt. And so they're just all these perversions. The

0:56:53.640 --> 0:56:58.560
<v Speaker 2>PBMs are also responsible for reimbursing the pharmacies. Pharmacies tell

0:56:58.600 --> 0:57:02.120
<v Speaker 2>us they are routinely under reimbursed, and so they're actually

0:57:02.320 --> 0:57:06.960
<v Speaker 2>losing money when they are providing patients with life saving medicines,

0:57:07.000 --> 0:57:09.920
<v Speaker 2>and so it seems like a big, big perversion. We

0:57:09.960 --> 0:57:13.480
<v Speaker 2>investigated this at the FTC. We sued the PBMs for

0:57:13.800 --> 0:57:18.040
<v Speaker 2>practices that we alleged lading drug prices. But there's a

0:57:18.080 --> 0:57:19.360
<v Speaker 2>lot more to be done here.

0:57:28.120 --> 0:57:31.200
<v Speaker 1>Let's talk about the cases that you didn't you weren't

0:57:31.200 --> 0:57:33.720
<v Speaker 1>able to finish, right you, you know, would would have

0:57:33.880 --> 0:57:37.479
<v Speaker 1>liked that more time. And what's going to continue? Where

0:57:37.480 --> 0:57:40.640
<v Speaker 1>are you relieved? Where it looks like the FTC is

0:57:40.680 --> 0:57:41.400
<v Speaker 1>going to stay on this?

0:57:43.640 --> 0:57:47.560
<v Speaker 2>Well, so far we have seen the Facebook litigation continue.

0:57:48.040 --> 0:57:51.520
<v Speaker 2>We s that there was a huge scramble by Mark

0:57:51.640 --> 0:57:54.280
<v Speaker 2>Zuckerberg to try to settle that on the eve of trial.

0:57:54.760 --> 0:57:56.960
<v Speaker 2>They didn't do it. They'll let the trial happen. We're

0:57:57.000 --> 0:57:57.640
<v Speaker 2>waiting to get out.

0:57:57.640 --> 0:57:59.640
<v Speaker 1>It was a cynic. I assumed he was going to

0:57:59.640 --> 0:58:03.080
<v Speaker 1>get it. I'll be honest. I figured somebody would tell

0:58:03.120 --> 0:58:04.760
<v Speaker 1>him what the number was and he'd write the check.

0:58:05.640 --> 0:58:08.600
<v Speaker 1>The fact that it didn't happen was oddly surprising.

0:58:10.400 --> 0:58:12.680
<v Speaker 2>Yeah, it's interesting, and I think we're all going to

0:58:12.720 --> 0:58:16.520
<v Speaker 2>have to be very vigilant about what happens down the line,

0:58:17.080 --> 0:58:20.440
<v Speaker 2>because there is a world in which the FTC wins,

0:58:20.880 --> 0:58:22.920
<v Speaker 2>and then that's another leverage point.

0:58:23.000 --> 0:58:24.800
<v Speaker 1>And is that and they settle anyway?

0:58:25.000 --> 0:58:29.480
<v Speaker 2>Right backed something? And I think that's why a lot

0:58:29.520 --> 0:58:31.440
<v Speaker 2>of this seems like a double edged short, it just

0:58:31.520 --> 0:58:34.760
<v Speaker 2>seems like so much willingness by the White House to

0:58:35.000 --> 0:58:39.240
<v Speaker 2>use law enforcement as a political cudgel to extract favors

0:58:39.360 --> 0:58:43.360
<v Speaker 2>or kind of punt received enemies, and so the potential

0:58:43.560 --> 0:58:46.560
<v Speaker 2>corruption of these cases is a big risk to my mind.

0:58:47.120 --> 0:58:50.920
<v Speaker 2>So far, our lawsuit against Amazon is going forward. Our

0:58:51.000 --> 0:58:54.360
<v Speaker 2>lawsuit against John Deere is going forward. This is a

0:58:54.400 --> 0:58:58.200
<v Speaker 2>lawsuit where we alleged Deer was illegally making it very

0:58:58.200 --> 0:59:02.320
<v Speaker 2>difficult for farmers to fix their own tractors and equipment

0:59:03.920 --> 0:59:06.240
<v Speaker 2>fixed by a deer dealer, which meant not only was

0:59:06.280 --> 0:59:09.680
<v Speaker 2>it more expensive, but you had to wait an incredibly

0:59:09.760 --> 0:59:12.880
<v Speaker 2>long time, and sometimes that would result in farmer's crop

0:59:13.000 --> 0:59:18.400
<v Speaker 2>getting ruined. So that those litigations are still going forward.

0:59:18.840 --> 0:59:22.640
<v Speaker 2>We have seen some backtracking on the consumer protection side,

0:59:23.800 --> 0:59:25.880
<v Speaker 2>which is where we've been very active in terms of

0:59:25.920 --> 0:59:30.480
<v Speaker 2>taking on these junk fees, requiring that businesses make it

0:59:30.520 --> 0:59:33.600
<v Speaker 2>as easy to cancel a subscription as it is to sign.

0:59:34.560 --> 0:59:37.240
<v Speaker 2>A judge just tossed out that rule, and we're going

0:59:37.320 --> 0:59:39.680
<v Speaker 2>to have to see where the FTC stays strong or

0:59:39.720 --> 0:59:40.240
<v Speaker 2>backs off.

0:59:41.040 --> 0:59:43.760
<v Speaker 1>Well, I could, I could, I could go on a

0:59:43.840 --> 0:59:49.360
<v Speaker 1>number that they went the impossibility when you sign up

0:59:49.400 --> 0:59:53.840
<v Speaker 1>for something to then cancel it. It is And it

0:59:53.880 --> 0:59:57.480
<v Speaker 1>doesn't matter whether I'm talking about national season tickets, who

0:59:57.920 --> 1:00:00.480
<v Speaker 1>like they will literally send an email on a notice

1:00:00.520 --> 1:00:03.000
<v Speaker 1>but no link, and then they'll like be on the

1:00:03.000 --> 1:00:05.120
<v Speaker 1>lookout for the link two or three weeks later and

1:00:05.160 --> 1:00:07.440
<v Speaker 1>they don't ever And that's just them, And this is

1:00:07.680 --> 1:00:09.920
<v Speaker 1>this is just an example across the board with these

1:00:09.960 --> 1:00:13.000
<v Speaker 1>subscription services, no matter what it is, right, whether it's

1:00:13.000 --> 1:00:18.000
<v Speaker 1>a small subscription for for for a magazine or something,

1:00:18.080 --> 1:00:21.400
<v Speaker 1>or a large one for a streaming service or season

1:00:21.440 --> 1:00:24.680
<v Speaker 1>tickets or whatever it is, it does seem as if

1:00:25.320 --> 1:00:27.800
<v Speaker 1>that there is a lot of fast and loose when

1:00:27.800 --> 1:00:31.040
<v Speaker 1>it comes to these auto renewals, if you will, and

1:00:31.520 --> 1:00:37.640
<v Speaker 1>that that feels that feels like one of those one

1:00:37.720 --> 1:00:41.240
<v Speaker 1>of those issues that if the government could find a

1:00:41.280 --> 1:00:44.160
<v Speaker 1>way to clamp down on it, it would be enormously popular.

1:00:45.240 --> 1:00:49.120
<v Speaker 2>Yeah, you know, we tried to clamp down on it.

1:00:49.160 --> 1:00:51.680
<v Speaker 2>I mean, I think the idea that companies shouldn't be

1:00:51.680 --> 1:00:55.320
<v Speaker 2>able to trap you in subscriptions is as unobjectionable as

1:00:55.320 --> 1:00:58.520
<v Speaker 2>it comes, frankly, and unfortunately, it's an area where we've

1:00:58.560 --> 1:01:02.400
<v Speaker 2>seen increasing abuse because more and more businesses are becoming

1:01:02.400 --> 1:01:06.840
<v Speaker 2>a reliant on subscription based revenues. So even for things

1:01:06.920 --> 1:01:09.560
<v Speaker 2>like a printer, sometimes you need a subscription for your

1:01:09.600 --> 1:01:10.680
<v Speaker 2>printer to work.

1:01:10.640 --> 1:01:13.920
<v Speaker 1>Right, Can I thank you for bringing that up? That

1:01:14.000 --> 1:01:16.680
<v Speaker 1>drives me bonkers? No, I'm not doing that with your

1:01:16.720 --> 1:01:19.840
<v Speaker 1>tone or subscription. And it's like, it is, like, what

1:01:19.920 --> 1:01:21.320
<v Speaker 1>do you lean I've got to sign up for a

1:01:21.320 --> 1:01:25.240
<v Speaker 1>subscription after I bought your product. That's just a weird

1:01:25.360 --> 1:01:27.440
<v Speaker 1>I am. Now. Maybe I'm just old guy, right and

1:01:27.480 --> 1:01:29.200
<v Speaker 1>I'm just like not used to it, but I'm like,

1:01:29.520 --> 1:01:33.320
<v Speaker 1>it's funny just because I did like a subscription. Really, God,

1:01:33.440 --> 1:01:36.200
<v Speaker 1>you are just nickel and Diamond. It goes back in.

1:01:36.240 --> 1:01:39.120
<v Speaker 1>This may be a tad before your time, but it

1:01:39.160 --> 1:01:41.439
<v Speaker 1>was Circuit City and best Buy used to just try

1:01:41.440 --> 1:01:44.080
<v Speaker 1>to force you to buy these, and Amazon now does

1:01:44.120 --> 1:01:47.240
<v Speaker 1>it too. Actually, if you buy any sort of product, hey,

1:01:47.240 --> 1:01:49.000
<v Speaker 1>do you want to buy insurance on it? Or you

1:01:49.040 --> 1:01:51.240
<v Speaker 1>want to buy a you know, they sort of force

1:01:51.360 --> 1:01:53.440
<v Speaker 1>these back then. It was a bit predatory the way

1:01:53.440 --> 1:01:56.200
<v Speaker 1>Circuit City did it. I think actually the government claimed

1:01:56.200 --> 1:01:57.240
<v Speaker 1>down on them at the time.

1:01:57.920 --> 1:02:01.720
<v Speaker 2>Interesting, and what was really suprising was when we started

1:02:01.760 --> 1:02:06.120
<v Speaker 2>investigating some of these practices. The executives internally were not

1:02:06.280 --> 1:02:10.080
<v Speaker 2>subtle that this was a deliberate business strategy, and sometimes

1:02:10.120 --> 1:02:13.560
<v Speaker 2>they would actually have kind of low level employees saying, hey,

1:02:13.560 --> 1:02:16.520
<v Speaker 2>we're getting a lot of customer complaints that our subscription

1:02:16.640 --> 1:02:20.600
<v Speaker 2>process theems deceptive, where people are being enruled without knowing it,

1:02:20.720 --> 1:02:22.960
<v Speaker 2>or once they're enrolled they can't easily cancel.

1:02:23.200 --> 1:02:24.960
<v Speaker 1>And as you're saying, the execs, let's see it as

1:02:24.960 --> 1:02:26.000
<v Speaker 1>a feature, not a bug.

1:02:26.440 --> 1:02:29.600
<v Speaker 2>Yeah. I mean sometimes, and this happened at Amazon, you

1:02:29.600 --> 1:02:33.200
<v Speaker 2>know where it happened at Adobe, where a lower level

1:02:33.200 --> 1:02:35.840
<v Speaker 2>employee said, let's fix this, here's an alternative, and the

1:02:35.880 --> 1:02:37.960
<v Speaker 2>executive said, no, you know, I think we'll leave it

1:02:38.000 --> 1:02:41.720
<v Speaker 2>how it is. So, you know, I think another component

1:02:41.760 --> 1:02:45.160
<v Speaker 2>here is the courts. I mean the number of rules

1:02:45.360 --> 1:02:48.480
<v Speaker 2>that were pushed through in the last administration that would

1:02:48.480 --> 1:02:51.520
<v Speaker 2>have materially improved people's lives. I mean this click to

1:02:51.560 --> 1:02:54.840
<v Speaker 2>cancel rule, our rule banning non competes. We had rules

1:02:54.840 --> 1:02:58.840
<v Speaker 2>from the Consumer Financial Protection Bureau that would limit medical

1:02:58.880 --> 1:03:01.800
<v Speaker 2>debt from being used on your credit report, that would

1:03:01.800 --> 1:03:06.000
<v Speaker 2>have limited overdraft fees. A whole set of rules have

1:03:06.080 --> 1:03:09.360
<v Speaker 2>been tossed out by courts. Sometimes I think on pretty

1:03:09.400 --> 1:03:12.800
<v Speaker 2>bogus basis. I think there is going to be if

1:03:12.880 --> 1:03:15.080
<v Speaker 2>kind of Democrats get a chance to govern again in

1:03:15.120 --> 1:03:18.880
<v Speaker 2>four years, it kind of broader reassessment of how is

1:03:18.920 --> 1:03:21.760
<v Speaker 2>to govern when you have courts that are so hostile

1:03:21.840 --> 1:03:23.080
<v Speaker 2>to some of this governing.

1:03:23.680 --> 1:03:25.800
<v Speaker 1>Well, you know, some of this stuff though is not

1:03:25.880 --> 1:03:28.760
<v Speaker 1>everybody knows about it, and in some ways, you know,

1:03:29.040 --> 1:03:32.840
<v Speaker 1>what lessons have you learned about how to communicate what

1:03:32.880 --> 1:03:36.240
<v Speaker 1>you're doing, because that sometimes you know, if you can

1:03:36.240 --> 1:03:40.440
<v Speaker 1>communicate it right, well, the public won't, you know, won't

1:03:40.480 --> 1:03:44.360
<v Speaker 1>accept the idea of another administration rolling it back. And

1:03:44.680 --> 1:03:46.680
<v Speaker 1>there were times that I thought, oh my god, you

1:03:46.680 --> 1:03:49.680
<v Speaker 1>guys are doing a tremendous amount of stuff, but it's

1:03:49.720 --> 1:03:52.360
<v Speaker 1>almost like you're over the public's not. There's too much

1:03:52.400 --> 1:03:54.200
<v Speaker 1>and the public's not going to realize what you're doing.

1:03:54.960 --> 1:03:59.040
<v Speaker 1>And if they don't, then it doesn't take root. And

1:03:59.080 --> 1:04:02.400
<v Speaker 1>if it doesn't take root, becomes easy to throw out.

1:04:02.640 --> 1:04:04.560
<v Speaker 1>What what have you? What did you learned ear in

1:04:04.560 --> 1:04:07.160
<v Speaker 1>your four years that if you ever got another shot

1:04:07.160 --> 1:04:10.440
<v Speaker 1>at this, what would you is there is there different

1:04:10.440 --> 1:04:13.440
<v Speaker 1>ways would you would you sort of tackle less at

1:04:13.480 --> 1:04:16.040
<v Speaker 1>any one time? Right? Because there's so much you want

1:04:16.080 --> 1:04:19.160
<v Speaker 1>to do, like, how much do you think the communications

1:04:19.200 --> 1:04:21.320
<v Speaker 1>strategy has to be a part of what you're doing.

1:04:22.520 --> 1:04:25.240
<v Speaker 2>You're right that it's absolutely essential. And you know, the

1:04:25.320 --> 1:04:29.760
<v Speaker 2>ftc U for some years now had had been kind

1:04:29.760 --> 1:04:32.880
<v Speaker 2>of in the shadows, uh, you know, people didn't know

1:04:32.960 --> 1:04:35.480
<v Speaker 2>what it was, what the agency did, and so it

1:04:35.520 --> 1:04:38.040
<v Speaker 2>was a bit of a departure candidly when I was

1:04:38.040 --> 1:04:41.000
<v Speaker 2>there for for the FTC to be as out there

1:04:41.040 --> 1:04:43.360
<v Speaker 2>as it had been. And we did that for a

1:04:43.400 --> 1:04:47.360
<v Speaker 2>couple of reasons. One was I think in DC sometimes

1:04:47.360 --> 1:04:51.120
<v Speaker 2>there can be this tendency to over index on kind

1:04:51.120 --> 1:04:54.120
<v Speaker 2>of the expert class for how we understand the economy,

1:04:54.600 --> 1:04:57.200
<v Speaker 2>and that can create certain blind spots where you really

1:04:57.200 --> 1:04:59.680
<v Speaker 2>have to talk to people and understand what is people's

1:04:59.680 --> 1:05:02.960
<v Speaker 2>lived in experience to understand what those pain points are.

1:05:03.000 --> 1:05:05.760
<v Speaker 2>And so we did listening sessions, We did regular open

1:05:05.800 --> 1:05:09.080
<v Speaker 2>commission meetings where anybody in America could sign up and

1:05:09.280 --> 1:05:12.960
<v Speaker 2>talk to the Federal Trade Commissioners, and just really broadened

1:05:13.240 --> 1:05:15.760
<v Speaker 2>the voices we were hearing to make sure we had

1:05:16.560 --> 1:05:19.959
<v Speaker 2>a real three sixty view of the economy rather than

1:05:20.520 --> 1:05:23.280
<v Speaker 2>of you that was dominated by the kind of lobbyists

1:05:23.280 --> 1:05:27.280
<v Speaker 2>and the lawyers and the kind of class. But it

1:05:27.320 --> 1:05:29.480
<v Speaker 2>was also to be able to communicate, right, I mean,

1:05:29.520 --> 1:05:32.720
<v Speaker 2>the FTC is the agency where if it's doing its job,

1:05:33.000 --> 1:05:36.200
<v Speaker 2>if it's taking on monopolies and corporate law breakers, it

1:05:36.280 --> 1:05:39.360
<v Speaker 2>is going to face pushback from those corporate interests, and

1:05:39.400 --> 1:05:42.000
<v Speaker 2>you need to make sure that you are building the

1:05:42.160 --> 1:05:46.200
<v Speaker 2>countervailing support from the people that are benefiting from this work.

1:05:46.880 --> 1:05:49.040
<v Speaker 2>You know, we had a small agency. We had a

1:05:49.040 --> 1:05:52.280
<v Speaker 2>heroic comms team, but it was very small, and so,

1:05:52.520 --> 1:05:54.440
<v Speaker 2>you know, I think figuring out how can kind of

1:05:54.480 --> 1:05:59.200
<v Speaker 2>other players and government and political system alsolifying this will

1:05:59.200 --> 1:05:59.560
<v Speaker 2>be key.

1:06:00.280 --> 1:06:02.320
<v Speaker 1>You know, one of the challenges. It's funny you bring

1:06:02.400 --> 1:06:08.480
<v Speaker 1>up to sort of kind of broaden what the FTC

1:06:08.520 --> 1:06:12.280
<v Speaker 1>folks were hearing about the economy. And one of my

1:06:12.600 --> 1:06:16.280
<v Speaker 1>more complaints about traditional media over the last two decades

1:06:16.320 --> 1:06:18.360
<v Speaker 1>when it comes to coverage of the economy is I

1:06:18.440 --> 1:06:21.080
<v Speaker 1>used to argue we don't cover the economy, we cover markets,

1:06:21.960 --> 1:06:27.200
<v Speaker 1>and the CNBC afflication of business coverage right when I

1:06:27.280 --> 1:06:30.160
<v Speaker 1>was you know, coverage of the economy was much different

1:06:30.200 --> 1:06:32.920
<v Speaker 1>in the eighties and nineties, and then when we all

1:06:32.960 --> 1:06:37.480
<v Speaker 1>became so market focused, Right, there's a part of me

1:06:37.560 --> 1:06:40.720
<v Speaker 1>that thinks that it almost made people more comfortable with

1:06:40.800 --> 1:06:44.120
<v Speaker 1>consolidation because consolidation was good for the stock market than

1:06:44.160 --> 1:06:46.520
<v Speaker 1>stock market was good for retirement. Like we sort of

1:06:46.560 --> 1:06:54.240
<v Speaker 1>perverted what even economics reporting was right. The economy is people.

1:06:54.640 --> 1:06:57.720
<v Speaker 1>The economy is not markets. And the only business coverage

1:06:57.720 --> 1:07:00.600
<v Speaker 1>in mainstream media today is markets. Right, whether it's Fox

1:07:00.640 --> 1:07:04.200
<v Speaker 1>Business Channel or SANBC, you don't really get the same

1:07:04.280 --> 1:07:08.200
<v Speaker 1>kind of consumer protection coverage that used to be quote

1:07:08.240 --> 1:07:11.080
<v Speaker 1>unquote business coverage. Now it feels like it's all about

1:07:11.080 --> 1:07:12.320
<v Speaker 1>markets and all about equity.

1:07:13.280 --> 1:07:16.120
<v Speaker 2>That's such a profoundly important point, and I think one

1:07:16.160 --> 1:07:20.040
<v Speaker 2>of those kind of hidden shifts that does really have

1:07:20.320 --> 1:07:23.720
<v Speaker 2>enormous downstream consequences for how policy makers, even as you said,

1:07:23.840 --> 1:07:26.880
<v Speaker 2>understand what the economy is. Right, and if you're just

1:07:27.040 --> 1:07:30.720
<v Speaker 2>using for your understanding of the economy the stock market

1:07:30.760 --> 1:07:33.040
<v Speaker 2>as the key proxy of whether people are doing well

1:07:33.160 --> 1:07:35.840
<v Speaker 2>or not, we're going to miss a lot. And sometimes candidly,

1:07:36.280 --> 1:07:38.800
<v Speaker 2>stock prices go up because companies are doing things that

1:07:38.800 --> 1:07:41.800
<v Speaker 2>are profitable for them but actually bad for regular people.

1:07:42.080 --> 1:07:44.880
<v Speaker 2>And so not only can it be inadequate, but it

1:07:44.880 --> 1:07:48.520
<v Speaker 2>can sometimes be you know, the inverse, and so I

1:07:48.600 --> 1:07:50.560
<v Speaker 2>think that's a problem. And I think, you know, one

1:07:50.560 --> 1:07:54.320
<v Speaker 2>thing that's been interesting is this broader conversation now happening

1:07:54.760 --> 1:07:57.880
<v Speaker 2>in DC but across the country about how it is

1:07:57.920 --> 1:08:00.680
<v Speaker 2>it that that people should govern and how is it

1:08:00.760 --> 1:08:03.160
<v Speaker 2>that people should kind of win elections. And it does

1:08:03.200 --> 1:08:07.840
<v Speaker 2>seem like those people who are focusing on listening to people, right,

1:08:07.880 --> 1:08:10.920
<v Speaker 2>we just had money when in New York City he

1:08:11.040 --> 1:08:13.520
<v Speaker 2>went to all cards and asked them, Hey, what is

1:08:13.520 --> 1:08:16.439
<v Speaker 2>it that's making your business? Right, kind of that on

1:08:16.479 --> 1:08:21.360
<v Speaker 2>the ground level economics, economy reporting, and to bring to

1:08:21.400 --> 1:08:24.439
<v Speaker 2>it a sense of curiosity, right, just like there's a

1:08:24.479 --> 1:08:27.639
<v Speaker 2>lot we don't know in DC, and making sure we're

1:08:27.640 --> 1:08:30.080
<v Speaker 2>actually going out there and asking people who are kind

1:08:30.080 --> 1:08:32.800
<v Speaker 2>of experts in their own domain. So I think we

1:08:32.880 --> 1:08:33.640
<v Speaker 2>need a lot more of that.

1:08:34.720 --> 1:08:36.760
<v Speaker 1>So one of the things that I've I sort of

1:08:36.760 --> 1:08:38.680
<v Speaker 1>get on my hobby horse about when it comes to

1:08:38.840 --> 1:08:43.519
<v Speaker 1>government regulation is algorithms. I don't see any good that

1:08:43.520 --> 1:08:47.320
<v Speaker 1>comes from an algorithm personally, I understand, you know, and

1:08:48.000 --> 1:08:51.200
<v Speaker 1>I feel like they're you know, I don't want an

1:08:51.240 --> 1:08:54.360
<v Speaker 1>algorithm trying to suggest what I might like. I want

1:08:54.360 --> 1:08:57.400
<v Speaker 1>to decide what I like, and then I might say Yeah,

1:08:57.479 --> 1:09:00.280
<v Speaker 1>let's personalize a search, and you go ahead and me

1:09:00.360 --> 1:09:03.160
<v Speaker 1>stuff that's similar to this. But I want control of that.

1:09:03.880 --> 1:09:06.439
<v Speaker 1>If I'm going to sound a little rubish and go

1:09:06.479 --> 1:09:08.360
<v Speaker 1>ahead and say it, which is, God damn it, I

1:09:08.400 --> 1:09:13.720
<v Speaker 1>want my government to I mean, who's who's regulating these algorithms?

1:09:13.960 --> 1:09:17.880
<v Speaker 1>They're black boxes and it is it is. How I

1:09:17.920 --> 1:09:20.599
<v Speaker 1>interact with Google is different than somebody else interacts with Google,

1:09:22.240 --> 1:09:25.160
<v Speaker 1>and I have nobody sort of I have no idea

1:09:25.200 --> 1:09:28.599
<v Speaker 1>whether I'm I'm getting a fair look or not because

1:09:29.120 --> 1:09:32.719
<v Speaker 1>I don't know how the algorithm works. Do you should

1:09:32.760 --> 1:09:37.320
<v Speaker 1>the act? Who should and should government basically be in

1:09:37.400 --> 1:09:39.320
<v Speaker 1>the business of regulating algorithms.

1:09:41.400 --> 1:09:43.160
<v Speaker 2>It's a great question, and I think one of the

1:09:43.280 --> 1:09:46.920
<v Speaker 2>places where it's most acute right now is when it

1:09:46.960 --> 1:09:50.840
<v Speaker 2>comes to kids. Right there's been a huge epidemic of

1:09:51.439 --> 1:09:56.360
<v Speaker 2>you know, social media addiction abuse on these platforms, and

1:09:56.439 --> 1:09:58.760
<v Speaker 2>parents feel like they don't have any control of what

1:09:58.800 --> 1:10:02.719
<v Speaker 2>their kids are seeing. And these companies, again, their business

1:10:02.760 --> 1:10:08.000
<v Speaker 2>model is to monetize data. And it's been shown that

1:10:08.160 --> 1:10:12.679
<v Speaker 2>the content that is does best is oftenheims the content

1:10:12.720 --> 1:10:16.360
<v Speaker 2>that is most divisive or most inflammatory.

1:10:15.960 --> 1:10:19.439
<v Speaker 3>Because there's exspectives of you, all right, the incentives to

1:10:19.479 --> 1:10:21.840
<v Speaker 3>keep you on the platform, to see more advertisements, to

1:10:21.840 --> 1:10:26.400
<v Speaker 3>see more whatever, and well, okay, you've learned human psychology,

1:10:27.400 --> 1:10:31.040
<v Speaker 3>and if you're using human psychology against us, that's I

1:10:31.080 --> 1:10:32.320
<v Speaker 3>thought that was manipulative.

1:10:32.600 --> 1:10:34.840
<v Speaker 1>I thought that was something that the FDC was supposed

1:10:34.880 --> 1:10:36.200
<v Speaker 1>to say, No, you can't do that.

1:10:37.280 --> 1:10:39.600
<v Speaker 2>I mean, we've had executives from some of these companies

1:10:39.880 --> 1:10:43.759
<v Speaker 2>acknowledge publicly that some of the techniques that they're using

1:10:43.920 --> 1:10:48.240
<v Speaker 2>are basically similar to how people are designing slot machines

1:10:48.360 --> 1:10:51.760
<v Speaker 2>for gambling in terms of like they're designed to keep

1:10:51.800 --> 1:10:55.519
<v Speaker 2>you addicted. And so the fact that we haven't had

1:10:55.720 --> 1:11:00.599
<v Speaker 2>kind of extensive government involvement here, I think is creating

1:11:00.640 --> 1:11:02.400
<v Speaker 2>a lot of pain and going to lead to a

1:11:02.439 --> 1:11:04.520
<v Speaker 2>lot of problems.

1:11:05.080 --> 1:11:08.960
<v Speaker 1>We got a few more minutes here. Who owns data

1:11:10.479 --> 1:11:13.920
<v Speaker 1>and where should you know? So Frank McCort, the former

1:11:13.960 --> 1:11:17.479
<v Speaker 1>owner of the Dodgers, was working on something called Project Liberty.

1:11:18.360 --> 1:11:20.559
<v Speaker 1>He wrote a piece he was now, I think he's

1:11:20.560 --> 1:11:22.639
<v Speaker 1>trying to be one of the folks that might buy TikTok.

1:11:22.680 --> 1:11:28.439
<v Speaker 1>We'll see, but he's actually, you know, he he he

1:11:28.600 --> 1:11:30.880
<v Speaker 1>has pitched this idea that data should be in a

1:11:30.920 --> 1:11:34.240
<v Speaker 1>public trust that Amazon should known data, Google should know

1:11:34.240 --> 1:11:37.160
<v Speaker 1>own data that you know, they essentially should license the

1:11:37.240 --> 1:11:39.200
<v Speaker 1>use of data, but that data should be almost like

1:11:39.200 --> 1:11:44.920
<v Speaker 1>a public utility. I guess what would that could that happen,

1:11:45.040 --> 1:11:46.920
<v Speaker 1>what would that look like? I mean, at what point,

1:11:47.080 --> 1:11:49.840
<v Speaker 1>you know, I've been waiting for my data built privacy

1:11:49.840 --> 1:11:52.840
<v Speaker 1>Bill of Rights to be passed by a Congress for

1:11:52.880 --> 1:11:56.000
<v Speaker 1>the last twenty years, and it's not happened. I think

1:11:56.640 --> 1:12:00.000
<v Speaker 1>we inherently and here's what's sort of frustrating. Individual data

1:12:00.200 --> 1:12:07.479
<v Speaker 1>is worthless, collective data is infinitely valuable. It seems that

1:12:07.520 --> 1:12:10.559
<v Speaker 1>we've got that this is sort of one of the

1:12:10.600 --> 1:12:14.920
<v Speaker 1>hardest issues to tackle, and yet it's at the heart

1:12:14.920 --> 1:12:17.960
<v Speaker 1>of almost all of these current antitrust conversations.

1:12:19.920 --> 1:12:22.000
<v Speaker 2>You're right, and the companies will say that they own

1:12:22.080 --> 1:12:25.400
<v Speaker 2>the data, effectively, that once they have collected it, that

1:12:25.479 --> 1:12:27.519
<v Speaker 2>it is their property, and there are all these basic

1:12:27.600 --> 1:12:29.400
<v Speaker 2>questions about, well, how does that work if it was

1:12:29.439 --> 1:12:32.160
<v Speaker 2>actually my data, but now it's being complete your data,

1:12:32.680 --> 1:12:34.840
<v Speaker 2>you know. To my mind, that's a key question. But

1:12:34.960 --> 1:12:38.160
<v Speaker 2>another key question is should some of this data be

1:12:38.240 --> 1:12:41.760
<v Speaker 2>off limits for monetization in the first place? I mean,

1:12:41.800 --> 1:12:44.360
<v Speaker 2>at the FTC. We would do investigations where we would

1:12:44.439 --> 1:12:49.960
<v Speaker 2>find that companies like health apps, we're collecting sensitive information,

1:12:50.080 --> 1:12:54.720
<v Speaker 2>health information from people and then selling that on to

1:12:54.800 --> 1:12:57.400
<v Speaker 2>these data brokers and then you know, all sorts of

1:12:57.439 --> 1:12:59.960
<v Speaker 2>bad actors could get their hands on it. We had

1:13:00.600 --> 1:13:05.800
<v Speaker 2>geolocation from your phone being sold, including to stalkers and abusers.

1:13:07.160 --> 1:13:09.760
<v Speaker 2>There's just huge risks here. And so one thing that

1:13:09.800 --> 1:13:12.840
<v Speaker 2>we did through some of these law enforcement actions was

1:13:13.439 --> 1:13:17.280
<v Speaker 2>say that for sensitive data, for data about your browsing

1:13:17.360 --> 1:13:21.280
<v Speaker 2>history on the internet, your precise location, your health, that

1:13:21.360 --> 1:13:25.200
<v Speaker 2>data by default cannot be sold. That unless you are

1:13:25.280 --> 1:13:29.280
<v Speaker 2>affirmatively agreeing and consenting to that data be sold. The

1:13:29.360 --> 1:13:32.400
<v Speaker 2>default is it cannot be And so you know, I

1:13:32.400 --> 1:13:35.320
<v Speaker 2>think we need some more of those bright line rules

1:13:35.439 --> 1:13:39.120
<v Speaker 2>to get past this fiction. The default is everything is

1:13:39.160 --> 1:13:42.200
<v Speaker 2>collected and sold. And then we need to think about

1:13:42.200 --> 1:13:44.479
<v Speaker 2>some of the business models and the monetization and the

1:13:44.520 --> 1:13:46.479
<v Speaker 2>algorithm and how all of that fits together.

1:13:47.439 --> 1:13:51.600
<v Speaker 1>Look, I give Apple credit the ask app not to track, Like,

1:13:51.880 --> 1:13:54.840
<v Speaker 1>why was that so hard? Why is that so hard?

1:13:54.880 --> 1:13:57.680
<v Speaker 1>And is that now I've heard that there are a

1:13:57.760 --> 1:14:01.360
<v Speaker 1>whole bunch of small I guess in gaming companies, you know,

1:14:01.400 --> 1:14:04.200
<v Speaker 1>who may who made money simply on quote unquote free acts,

1:14:04.560 --> 1:14:09.920
<v Speaker 1>right that it hurt their businesses. I'm not shedding a

1:14:09.960 --> 1:14:12.920
<v Speaker 1>tear over that. If that's how they if that was there,

1:14:13.200 --> 1:14:16.679
<v Speaker 1>if that was their north star and how to make

1:14:16.720 --> 1:14:17.679
<v Speaker 1>money for their business.

1:14:19.680 --> 1:14:21.680
<v Speaker 2>Yeah, I mean, I think what was so striking is

1:14:21.720 --> 1:14:24.720
<v Speaker 2>once Apple introduced that. I think they reported that over

1:14:24.840 --> 1:14:28.160
<v Speaker 2>sixty percent of Americans chose not to have their data,

1:14:28.479 --> 1:14:31.679
<v Speaker 2>you know, shared, which is very important because sometimes hear

1:14:31.680 --> 1:14:34.800
<v Speaker 2>from these companies as well, Americans don't really care about

1:14:34.800 --> 1:14:37.040
<v Speaker 2>privacy because if they did, they wouldn't agree to use

1:14:37.040 --> 1:14:39.800
<v Speaker 2>all our services. And as we started off with, you know,

1:14:39.880 --> 1:14:42.519
<v Speaker 2>the consent here is a fiction, and when you actually

1:14:42.520 --> 1:14:45.760
<v Speaker 2>get people to overwhelming there is.

1:14:45.960 --> 1:14:48.640
<v Speaker 1>Some generational data on this. You know, my kids, I

1:14:48.680 --> 1:14:50.120
<v Speaker 1>have an eighteen year old and twenty one year old,

1:14:51.840 --> 1:14:56.080
<v Speaker 1>they're you know, they they're sort of they're weirdly more

1:14:56.160 --> 1:14:58.800
<v Speaker 1>comfortable with more of their data out there, you know.

1:14:59.040 --> 1:15:02.920
<v Speaker 1>And now I would argue, well, they've been sort of

1:15:03.200 --> 1:15:07.720
<v Speaker 1>you know, they've been sort of trained, if you will. Unfortunately,

1:15:07.920 --> 1:15:10.040
<v Speaker 1>you know, and maybe that's on me as a parent,

1:15:10.120 --> 1:15:12.800
<v Speaker 1>didn't realize how much this was happening, right, You just

1:15:12.840 --> 1:15:16.000
<v Speaker 1>don't fully appreciate it until they're like, yeah, you know,

1:15:16.360 --> 1:15:19.719
<v Speaker 1>this is the price of doing business and on the internet,

1:15:20.120 --> 1:15:24.519
<v Speaker 1>which you know, you know, I guess that's what these

1:15:24.520 --> 1:15:26.800
<v Speaker 1>big tech companies are counting on, right, that we're just

1:15:26.880 --> 1:15:29.160
<v Speaker 1>going to be we care about using the products too

1:15:29.240 --> 1:15:32.880
<v Speaker 1>much to worry about the personal stuff.

1:15:34.160 --> 1:15:36.679
<v Speaker 2>Yeah, I mean, I think sometimes this is also true

1:15:36.680 --> 1:15:40.160
<v Speaker 2>where privacy can sound kind of abstract, but once you

1:15:40.280 --> 1:15:42.840
<v Speaker 2>lay out how this data can be used against you,

1:15:43.439 --> 1:15:46.519
<v Speaker 2>including by setting a specific price for you that is

1:15:46.560 --> 1:15:48.160
<v Speaker 2>different from the price you're friends.

1:15:47.960 --> 1:15:50.719
<v Speaker 1>Or surveillance pricing, like how do you well? That feels

1:15:50.760 --> 1:15:53.160
<v Speaker 1>like how are you going to be able to prevent

1:15:53.200 --> 1:15:58.519
<v Speaker 1>that without sort of micro managing and regulating algorithms in general? Right?

1:15:58.560 --> 1:16:01.439
<v Speaker 1>I mean, isn't that that to me? That gets that

1:16:01.560 --> 1:16:04.280
<v Speaker 1>to why I want this? And I know the tech

1:16:04.280 --> 1:16:07.040
<v Speaker 1>companies would find this invasive and onerous because they don't

1:16:07.040 --> 1:16:11.559
<v Speaker 1>want to admit how manipulative, intentionally manipulative these algorithms are

1:16:11.680 --> 1:16:12.400
<v Speaker 1>being built to do.

1:16:14.200 --> 1:16:16.880
<v Speaker 2>That's right, and there are real battles happening, I mean

1:16:16.920 --> 1:16:20.640
<v Speaker 2>in state legislatures in Congress. It does it's clear that

1:16:20.680 --> 1:16:23.439
<v Speaker 2>whenever lawmakers have tried to do something here. There has

1:16:23.479 --> 1:16:27.799
<v Speaker 2>been ferocious pushback, farrocious lobbying, and just a clear example

1:16:27.840 --> 1:16:31.880
<v Speaker 2>of companies using their economic power as political power.

1:16:33.360 --> 1:16:35.439
<v Speaker 1>Let me get you out in here on this. How

1:16:35.479 --> 1:16:38.720
<v Speaker 1>can the average person keep an eye on this or

1:16:39.439 --> 1:16:42.760
<v Speaker 1>this issue of surveillance pricing? Just my guess is this

1:16:42.800 --> 1:16:44.760
<v Speaker 1>is something that's going to become a bigger issue. It's

1:16:44.760 --> 1:16:46.320
<v Speaker 1>not going to go away. It's actually going to become

1:16:46.840 --> 1:16:51.719
<v Speaker 1>more as this happens. Is there any good consumer tips

1:16:52.800 --> 1:16:57.320
<v Speaker 1>to sort of to you know, double check to see

1:16:57.320 --> 1:17:00.000
<v Speaker 1>if this is happening to you.

1:17:00.040 --> 1:17:02.360
<v Speaker 2>Yeah, it's a great question, and it's ultimately not something

1:17:02.400 --> 1:17:04.880
<v Speaker 2>that can be fixed by us as individuals. Really, do

1:17:04.880 --> 1:17:06.439
<v Speaker 2>you need the government to kind of come in and

1:17:06.920 --> 1:17:09.400
<v Speaker 2>work on our behalf? I mean, you know there are

1:17:10.479 --> 1:17:13.920
<v Speaker 2>browsers that are more designed for privacy and more designed

1:17:13.920 --> 1:17:16.120
<v Speaker 2>to limit how much data can be collected on you.

1:17:16.560 --> 1:17:20.200
<v Speaker 2>They recommend kind of clearing your cookies to try to

1:17:20.240 --> 1:17:22.360
<v Speaker 2>limit collections. So you know, there are things on the

1:17:22.400 --> 1:17:24.840
<v Speaker 2>margins that people can do to try to protect more

1:17:24.840 --> 1:17:28.599
<v Speaker 2>of their privacy. But it's tough, and I think kind

1:17:28.600 --> 1:17:31.519
<v Speaker 2>of telling lunched officials to kind of work on this

1:17:31.640 --> 1:17:32.040
<v Speaker 2>is going to.

1:17:31.960 --> 1:17:35.639
<v Speaker 1>Be key if it sounds like I've always joked that

1:17:35.760 --> 1:17:37.599
<v Speaker 1>thank God for the EU. They seem to care about

1:17:37.600 --> 1:17:42.360
<v Speaker 1>my privacy more than my United States government? Does you know?

1:17:42.439 --> 1:17:45.400
<v Speaker 2>It's an interesting question. They do have this, this GDPR.

1:17:45.840 --> 1:17:48.240
<v Speaker 2>I think there are split opinions on how effective it

1:17:48.280 --> 1:17:50.719
<v Speaker 2>has been. Some people have said, Okay, it's just created

1:17:50.720 --> 1:17:54.120
<v Speaker 2>this kind of endless set of clicking, and we don't

1:17:54.160 --> 1:17:55.839
<v Speaker 2>know if there are actually any.

1:17:55.800 --> 1:17:59.280
<v Speaker 4>Serious contract company hate it. The tech companies hate it.

1:17:59.520 --> 1:18:03.559
<v Speaker 4>And if they hate it, I'm like, well, maybe you

1:18:03.600 --> 1:18:06.000
<v Speaker 4>know they're squealing. That tells me something.

1:18:06.760 --> 1:18:09.200
<v Speaker 2>Yeah, yeah, I know the US is behind on this one.

1:18:09.240 --> 1:18:10.920
<v Speaker 2>We don't have any federal privacy lows.

1:18:11.000 --> 1:18:18.080
<v Speaker 1>So what's next for you, Leanah.

1:18:15.640 --> 1:18:18.240
<v Speaker 2>You know, figuring out how to continue this work. I

1:18:18.240 --> 1:18:22.760
<v Speaker 2>think there's a huge movement afoot, candidly to figure out

1:18:22.760 --> 1:18:24.880
<v Speaker 2>how do we have our government be more responsive on

1:18:24.920 --> 1:18:28.519
<v Speaker 2>these economic power issues. I'll be teaching anti trust law

1:18:28.520 --> 1:18:31.680
<v Speaker 2>and so excited to help train the next generation, but

1:18:31.840 --> 1:18:34.840
<v Speaker 2>very interested and how do we make sure that people

1:18:34.880 --> 1:18:39.040
<v Speaker 2>in DC are really hearing from people across the economy

1:18:39.080 --> 1:18:40.760
<v Speaker 2>and as you put it, you know, not just using

1:18:40.800 --> 1:18:43.559
<v Speaker 2>the stock markets as a barometer for whether the economy

1:18:43.640 --> 1:18:45.400
<v Speaker 2>is working, and how do we make that better? How

1:18:45.400 --> 1:18:46.120
<v Speaker 2>do we govern better?

1:18:46.600 --> 1:18:49.879
<v Speaker 1>Yeah, I'm unfortunately worried that the c has been captured

1:18:50.080 --> 1:18:51.720
<v Speaker 1>a little bit on this, that there's a little bit

1:18:51.720 --> 1:18:56.080
<v Speaker 1>of bipartisan capture on markets, on tech, on fear of

1:18:56.200 --> 1:18:58.880
<v Speaker 1>China being used. Right, every time they want to stop

1:18:58.880 --> 1:19:00.400
<v Speaker 1>a rate, no, no, no, no, that is going to

1:19:00.439 --> 1:19:06.360
<v Speaker 1>bet us. It's almost used as a threat. So I definitely,

1:19:06.479 --> 1:19:08.200
<v Speaker 1>I definitely think that you're going to have plenty of

1:19:08.240 --> 1:19:11.680
<v Speaker 1>people very curious on what you do next and how

1:19:11.760 --> 1:19:15.000
<v Speaker 1>much you can amplify it. So good luck and and

1:19:15.680 --> 1:19:18.400
<v Speaker 1>enjoy the person you teaching this fall. You're going right

1:19:18.479 --> 1:19:22.840
<v Speaker 1>back into it. Yeah, all right, Well, there's there's nothing

1:19:22.840 --> 1:19:25.559
<v Speaker 1>more uplifting than teaching college kids. That's what I have

1:19:25.640 --> 1:19:29.040
<v Speaker 1>found in it. No matter how cynical you get, right,

1:19:29.560 --> 1:19:33.200
<v Speaker 1>it sort of it gives you hope. So enjoy that

1:19:33.280 --> 1:19:35.679
<v Speaker 1>time back in academia. And I hope we talk again.

1:19:36.400 --> 1:19:37.080
<v Speaker 2>Thanks so much.

1:19:46.680 --> 1:19:49.040
<v Speaker 1>So I hope you enjoyed the conversation with Lena Kahan.

1:19:49.200 --> 1:19:51.880
<v Speaker 1>I want to you know, one of the things that

1:19:51.920 --> 1:19:56.280
<v Speaker 1>we dabbled in on is the issue of AI right

1:19:56.320 --> 1:19:58.840
<v Speaker 1>and what what is government's role and how are consumers

1:19:58.880 --> 1:20:02.240
<v Speaker 1>going to get protected as we advance in AI And

1:20:02.880 --> 1:20:05.360
<v Speaker 1>as I was preparing, I stumbled on something. And this

1:20:05.439 --> 1:20:08.080
<v Speaker 1>is going to be come across a bit self surfing serving,

1:20:08.120 --> 1:20:11.040
<v Speaker 1>and I apologize in advance. I'm not usually interested in

1:20:11.080 --> 1:20:15.720
<v Speaker 1>trying to insert myself into a story, says the guy

1:20:15.760 --> 1:20:19.599
<v Speaker 1>that's trying that's broadcasting on YouTube. But I take anyway,

1:20:19.720 --> 1:20:21.559
<v Speaker 1>So go ahead and stark at me. I get it,

1:20:21.760 --> 1:20:24.479
<v Speaker 1>but in all seriousness. So what happened earlier this morning?

1:20:24.520 --> 1:20:26.519
<v Speaker 1>I was preparing my interview of Lena Khan and I

1:20:26.520 --> 1:20:28.360
<v Speaker 1>had interviewed Jonathan Canner, who was the head of the

1:20:28.400 --> 1:20:33.120
<v Speaker 1>Anti Trust Division during the previous Justice Department, and it

1:20:33.160 --> 1:20:36.240
<v Speaker 1>was an interview I conducted with him when NBC owned

1:20:36.240 --> 1:20:39.080
<v Speaker 1>my podcast, And so I was looking for it, right,

1:20:39.160 --> 1:20:41.559
<v Speaker 1>did the old fashioned Google search? Right, They're seeing if

1:20:41.600 --> 1:20:44.320
<v Speaker 1>I could find it somewhere archive. I just wanted to

1:20:44.320 --> 1:20:46.880
<v Speaker 1>see if I could find transcript something of it. And

1:20:46.920 --> 1:20:49.120
<v Speaker 1>as I'm you know, I rarely I hadn't Googled myself

1:20:49.200 --> 1:20:51.840
<v Speaker 1>in a while. I was just doing Chuck Todd podcast

1:20:51.920 --> 1:20:54.920
<v Speaker 1>Jonathan Canter, right, And as I'm typing, you know, Google

1:20:54.960 --> 1:20:57.519
<v Speaker 1>will helpfully give you other things as you type a

1:20:57.560 --> 1:21:02.400
<v Speaker 1>person's name, and suddenly the words Duck Todd illness shows up,

1:21:02.400 --> 1:21:05.000
<v Speaker 1>and I'm like, I wonder what that is. I was curious,

1:21:05.000 --> 1:21:07.760
<v Speaker 1>so I hit it. And now, of course everybody has

1:21:07.840 --> 1:21:11.439
<v Speaker 1>experienced the Google the way the Google pages work. Now

1:21:11.439 --> 1:21:15.400
<v Speaker 1>you get the AI, you get Gemini's quick summary of

1:21:15.520 --> 1:21:20.880
<v Speaker 1>the search in your thing. And so when you do

1:21:21.080 --> 1:21:27.040
<v Speaker 1>Chuck Todd illness, here's what happens. The AI overview ends

1:21:27.120 --> 1:21:29.120
<v Speaker 1>up saying the following. Chuck Todd, the former host of

1:21:29.160 --> 1:21:31.799
<v Speaker 1>Meet the Press, is publicly disclosed that he has Parkinson's disease.

1:21:32.240 --> 1:21:34.839
<v Speaker 1>He revealed his diagnosis in twenty eighteen after being diagnosed

1:21:34.880 --> 1:21:37.800
<v Speaker 1>in twenty thirteen. While specific details about the progression of

1:21:37.840 --> 1:21:40.160
<v Speaker 1>his illness are not widely publicized, there have been reports

1:21:40.160 --> 1:21:42.519
<v Speaker 1>of symptoms like fatigue, any way changes, as well as

1:21:42.520 --> 1:21:47.400
<v Speaker 1>a decrease in public appearances. Okay, there's nothing about this

1:21:47.479 --> 1:21:49.320
<v Speaker 1>is true. I don't I'm not going to say it.

1:21:49.320 --> 1:21:52.280
<v Speaker 1>I don't feel like i've been you know, this is defamatory.

1:21:53.720 --> 1:21:58.120
<v Speaker 1>I don't have Parkinson's disease. I get a physical anyway.

1:21:58.400 --> 1:22:00.360
<v Speaker 1>My point is, none of this is true. I've not

1:22:00.400 --> 1:22:03.280
<v Speaker 1>had any illness. I would tell you. Is there something nothing?

1:22:03.840 --> 1:22:05.680
<v Speaker 1>You know, I've had a few kidney stones that I've

1:22:05.720 --> 1:22:08.519
<v Speaker 1>gone public with. I've not gone what I've gone. I

1:22:08.520 --> 1:22:11.200
<v Speaker 1>think I'm up to nearly a year without a kidney stone,

1:22:11.280 --> 1:22:14.120
<v Speaker 1>but I frequently get those. That's about the worst health

1:22:14.160 --> 1:22:19.040
<v Speaker 1>problem I've had to deal with. And I'm sitting here going,

1:22:19.040 --> 1:22:21.640
<v Speaker 1>wait a minute, this is in a this is the

1:22:22.560 --> 1:22:25.240
<v Speaker 1>AI search. And then of course you can do Chuck

1:22:25.320 --> 1:22:28.360
<v Speaker 1>Todd illness update. And then it claims Chuck Todd, who

1:22:28.360 --> 1:22:31.200
<v Speaker 1>was diagnosed with Parkinson's disease in twenty thirteen, has publicly

1:22:31.200 --> 1:22:34.120
<v Speaker 1>acknowledged his condition and has been managing it while continuing

1:22:34.160 --> 1:22:37.519
<v Speaker 1>his media career. I have never publicly acknowledged this because

1:22:37.560 --> 1:22:41.479
<v Speaker 1>there is nothing to acknowledge. And then it says he

1:22:41.560 --> 1:22:43.639
<v Speaker 1>shared his diagnosis in twenty eighteen and has since been

1:22:43.680 --> 1:22:47.120
<v Speaker 1>involved with the Parkinson Association of Central Florida, even serving

1:22:47.120 --> 1:22:51.120
<v Speaker 1>as president in twenty twenty one. Not true, says Todd

1:22:51.160 --> 1:22:53.800
<v Speaker 1>has spoken about his low gluten free diet. That is true,

1:22:54.040 --> 1:22:58.320
<v Speaker 1>and his exercise routine. That is true, but everything else

1:22:58.479 --> 1:23:02.479
<v Speaker 1>is not true. It appears that there is a gentleman

1:23:02.520 --> 1:23:04.519
<v Speaker 1>with the first name of Todd who's involved with the

1:23:04.520 --> 1:23:07.760
<v Speaker 1>Parkinson Association in Central Florida, So that got conflated. The

1:23:07.800 --> 1:23:10.920
<v Speaker 1>point is is that here I am, who is going

1:23:11.040 --> 1:23:14.360
<v Speaker 1>to you know, where does one go? I have sent

1:23:14.400 --> 1:23:17.920
<v Speaker 1>a note to Google to say, hey, this is all wrong.

1:23:18.160 --> 1:23:19.800
<v Speaker 1>I don't know how much more to tell you this

1:23:19.840 --> 1:23:25.040
<v Speaker 1>is all wrong, and you know it's it's it gets

1:23:25.040 --> 1:23:26.719
<v Speaker 1>into a large you know, this could have been something,

1:23:27.120 --> 1:23:30.160
<v Speaker 1>you know, truly defamatory, could have been something horrendous. You

1:23:30.160 --> 1:23:32.760
<v Speaker 1>could be accused of a crime. You know where do

1:23:32.840 --> 1:23:33.599
<v Speaker 1>you who?

1:23:34.040 --> 1:23:34.280
<v Speaker 4>You know?

1:23:34.439 --> 1:23:37.600
<v Speaker 1>Do I can I control what is said about me,

1:23:37.800 --> 1:23:40.080
<v Speaker 1>especially when it's not true what is said about me?

1:23:40.120 --> 1:23:42.360
<v Speaker 1>And look, as somebody who's been a public figure, there's

1:23:42.360 --> 1:23:44.840
<v Speaker 1>been plenty of garbage said about me that hasn't been true,

1:23:44.880 --> 1:23:46.840
<v Speaker 1>plenty of garbage that has been set about my family

1:23:46.840 --> 1:23:49.240
<v Speaker 1>that isn't true. And for the longest time we all

1:23:49.280 --> 1:23:51.680
<v Speaker 1>just sort of ignored it. We figured, oh, you know,

1:23:51.880 --> 1:23:54.160
<v Speaker 1>it sort of will go, you know, the non truth

1:23:54.200 --> 1:23:56.960
<v Speaker 1>stuff just sort of goes away and dies. But what

1:23:57.000 --> 1:24:00.000
<v Speaker 1>has happened with these all these AI tools, these large

1:24:00.160 --> 1:24:04.200
<v Speaker 1>language models have trained themselves on the garbage that has

1:24:04.240 --> 1:24:07.200
<v Speaker 1>been saved on the internet. So even if you know,

1:24:07.280 --> 1:24:10.040
<v Speaker 1>take Gemini. In this AI business, it's probably eighty five

1:24:10.080 --> 1:24:13.719
<v Speaker 1>percent correct, which is B plus right BB plus material.

1:24:13.880 --> 1:24:17.040
<v Speaker 1>The problem is that fifteen percent that is wrong taints

1:24:17.080 --> 1:24:20.200
<v Speaker 1>at all. And this is the inherent flaw right now.

1:24:20.280 --> 1:24:22.559
<v Speaker 1>I think in where we are in AI, I hope

1:24:22.560 --> 1:24:25.240
<v Speaker 1>this is a good lesson right, like the Grock incident

1:24:25.640 --> 1:24:28.040
<v Speaker 1>with how quickly you know? And Elon Musk wanted to

1:24:28.040 --> 1:24:29.920
<v Speaker 1>do He didn't like the answers that groc was giving

1:24:29.960 --> 1:24:31.559
<v Speaker 1>and he wanted to give new answers, and suddenly he

1:24:31.640 --> 1:24:38.680
<v Speaker 1>created a Nazi AI persona you know I. You know,

1:24:38.960 --> 1:24:42.360
<v Speaker 1>maybe by sharing this story more people will to understand

1:24:42.400 --> 1:24:44.720
<v Speaker 1>is that that AI is not all knowing A has

1:24:44.720 --> 1:24:48.200
<v Speaker 1>got a lot more flaws right now, and an inherent

1:24:48.240 --> 1:24:51.400
<v Speaker 1>flaw is what you the data you have trained the

1:24:51.479 --> 1:24:57.240
<v Speaker 1>AI on right. And Google doesn't fully appreciate that there

1:24:57.320 --> 1:25:00.519
<v Speaker 1>is a lot of garbage, particularly about public figures that

1:25:00.600 --> 1:25:06.200
<v Speaker 1>isn't true for a variety of reasons, right, And nobody

1:25:06.280 --> 1:25:09.960
<v Speaker 1>is saying they have to fact check everything, but you know,

1:25:10.000 --> 1:25:15.639
<v Speaker 1>there's got to be some form of of truthiness that

1:25:15.640 --> 1:25:18.599
<v Speaker 1>that is there, and a consumer, whoever it is, an

1:25:18.680 --> 1:25:23.680
<v Speaker 1>individual has got to have some right to correct you

1:25:23.680 --> 1:25:26.960
<v Speaker 1>know a right to get this, you know, because this again,

1:25:27.600 --> 1:25:32.160
<v Speaker 1>I you know, this is not being accused of having

1:25:32.160 --> 1:25:34.280
<v Speaker 1>a disease that you don't have, is not you know,

1:25:34.320 --> 1:25:37.519
<v Speaker 1>it's not going to you know, cause me problems personal

1:25:37.680 --> 1:25:41.280
<v Speaker 1>whatever it is, that's not the issue. I don't. You know,

1:25:41.320 --> 1:25:43.160
<v Speaker 1>this is not fair to people that are dealing with

1:25:43.160 --> 1:25:46.240
<v Speaker 1>Parkinson's whose stories should be told and who's you know,

1:25:46.320 --> 1:25:49.519
<v Speaker 1>should be and things like that. So I just wanted

1:25:49.520 --> 1:25:52.200
<v Speaker 1>to share this story because this is a warning. All right,

1:25:52.560 --> 1:25:56.519
<v Speaker 1>AI is very flawed right now, Okay, I have a

1:25:56.560 --> 1:26:01.880
<v Speaker 1>personal experience with it, and clearly Google's AI is not

1:26:02.160 --> 1:26:05.040
<v Speaker 1>as and yet what is Google doing every time you

1:26:05.080 --> 1:26:08.320
<v Speaker 1>do a Google search it produces the AI overview. First,

1:26:08.400 --> 1:26:11.479
<v Speaker 1>I watch my son. He just takes AI overview and

1:26:11.520 --> 1:26:15.080
<v Speaker 1>just assumes it's fact. And you know, like the early

1:26:15.200 --> 1:26:19.240
<v Speaker 1>days of Wikipedia, there's a lot of manipulation still out there.

1:26:19.280 --> 1:26:21.559
<v Speaker 1>I'm not saying that over time this won't get better

1:26:22.120 --> 1:26:24.839
<v Speaker 1>as these AI, but to put it out there in public,

1:26:24.840 --> 1:26:26.679
<v Speaker 1>I mean, this is what happens when these tech companies

1:26:26.800 --> 1:26:30.519
<v Speaker 1>essentially want to test their technology out in public, sort

1:26:30.560 --> 1:26:34.400
<v Speaker 1>of let it all crowdsource the problems away. Well, there

1:26:34.439 --> 1:26:38.840
<v Speaker 1>are people that get caught up in that crowdsourcing of

1:26:39.280 --> 1:26:44.240
<v Speaker 1>information where you may defame them, you may harm them,

1:26:44.600 --> 1:26:47.040
<v Speaker 1>you may do harm to them, or you may cause

1:26:47.080 --> 1:26:50.760
<v Speaker 1>them so much anxiety they do self harm. So I

1:26:50.800 --> 1:26:55.719
<v Speaker 1>share the story. I hope Google. I am happy whoever's

1:26:55.760 --> 1:26:59.280
<v Speaker 1>listening from Google, I am happy to participate. So you

1:26:59.320 --> 1:27:02.640
<v Speaker 1>guys need to figure out why how this happened. I'm

1:27:02.720 --> 1:27:05.479
<v Speaker 1>happy to help out in any way if I can

1:27:05.560 --> 1:27:09.519
<v Speaker 1>help you, Because look, I'm not an AI skeptic. I

1:27:09.560 --> 1:27:12.160
<v Speaker 1>want to. I want to. This is a probability. You know,

1:27:12.640 --> 1:27:15.360
<v Speaker 1>I know what AI is. It's not intelligence, it's not

1:27:15.720 --> 1:27:19.639
<v Speaker 1>you know, a robot. It is simply probability. Uh, it's

1:27:19.720 --> 1:27:23.160
<v Speaker 1>it's a probability, uh, sample of of what you know,

1:27:23.600 --> 1:27:26.559
<v Speaker 1>what's likely to be said next, what's the next word,

1:27:26.560 --> 1:27:29.559
<v Speaker 1>et cetera. So I'm you know, I'm I am pro

1:27:30.360 --> 1:27:32.960
<v Speaker 1>the concept of continuing to try to make this work.

1:27:33.600 --> 1:27:38.879
<v Speaker 1>But it's possible. We haven't fully uh Uh. This stuff's

1:27:39.280 --> 1:27:42.960
<v Speaker 1>half baked and it's being released to the public, probably

1:27:43.080 --> 1:27:44.840
<v Speaker 1>in an attempt to try to catch up to the

1:27:44.880 --> 1:27:47.600
<v Speaker 1>folks over at Open AI. Why why Google's doing this

1:27:47.640 --> 1:27:49.519
<v Speaker 1>and all this stuff? And they're pushing it out there

1:27:49.960 --> 1:27:52.720
<v Speaker 1>for for a variety of reasons on that. Maybe it

1:27:52.720 --> 1:27:55.439
<v Speaker 1>has to do with making it look like they're on Hey,

1:27:55.520 --> 1:27:58.479
<v Speaker 1>we have AI tools too, but I'm here to tell

1:27:58.520 --> 1:28:03.200
<v Speaker 1>you this AI tool ain't working the way it's supposed to.

1:28:03.920 --> 1:28:06.960
<v Speaker 1>And anybody that's been in the public space, like myself,

1:28:07.000 --> 1:28:10.120
<v Speaker 1>who has had so much bullshit written about them, stuff

1:28:10.160 --> 1:28:12.080
<v Speaker 1>that's not true. This is how it can all get

1:28:12.160 --> 1:28:18.760
<v Speaker 1>cobbled together and create literally a fictional story that the

1:28:18.800 --> 1:28:20.680
<v Speaker 1>only thing that is correct is that I've worked for

1:28:20.800 --> 1:28:24.280
<v Speaker 1>NBC and my name is Chuck Tad. All right, let

1:28:24.320 --> 1:28:27.240
<v Speaker 1>me deal with a couple of questions there. So, Helena Khan,

1:28:27.600 --> 1:28:29.360
<v Speaker 1>I didn't I would have told you about that, but

1:28:29.360 --> 1:28:31.000
<v Speaker 1>I didn't want to make the interview about that. But

1:28:31.560 --> 1:28:35.120
<v Speaker 1>the FTC come on, Where where do we go as

1:28:35.160 --> 1:28:42.080
<v Speaker 1>citizens to essentially correct when our persona is misidentified and

1:28:42.120 --> 1:28:48.800
<v Speaker 1>miss h and frankly just wrong by the by by

1:28:48.840 --> 1:28:51.519
<v Speaker 1>one of these big tech companies on this front. All right,

1:28:51.640 --> 1:28:58.320
<v Speaker 1>let's do a couple of ask Chucks, Ask Chuck. Okay,

1:28:58.600 --> 1:29:02.000
<v Speaker 1>first question comes from the Essa in Charleston, South Carolina,

1:29:03.120 --> 1:29:08.200
<v Speaker 1>home arguably to one of the best eating towns in America,

1:29:09.640 --> 1:29:12.000
<v Speaker 1>probably at least you know, in the top five, not

1:29:12.600 --> 1:29:15.040
<v Speaker 1>tops of New Orleans. But it's if I said about Charleston,

1:29:15.120 --> 1:29:19.120
<v Speaker 1>it's New Orleans without the refraff, and yet some of

1:29:19.200 --> 1:29:20.880
<v Speaker 1>us do like the riffraff in New Orleans. Don't get

1:29:20.880 --> 1:29:23.400
<v Speaker 1>me wrong, but here's the question. If the Trump administration

1:29:23.479 --> 1:29:25.880
<v Speaker 1>is so adamant about deporting violent illegal criminals, why didn't

1:29:25.880 --> 1:29:28.519
<v Speaker 1>they start by clearing out the prison system. Republicans love

1:29:28.520 --> 1:29:30.599
<v Speaker 1>to use Lake and Riley as their example for ridding

1:29:30.640 --> 1:29:34.400
<v Speaker 1>America of this dangerous criminals, but her killer, Jose Antonio Evara,

1:29:34.520 --> 1:29:36.320
<v Speaker 1>is still sitting in a Georgia prison living off of

1:29:36.320 --> 1:29:38.800
<v Speaker 1>taxpayer dollars. It seems that if Republicans were serious about

1:29:38.800 --> 1:29:40.840
<v Speaker 1>cleaning up fraud, waste, and abuse, this would be a

1:29:40.880 --> 1:29:42.880
<v Speaker 1>good place to start. Instead of rounding up migrant workers

1:29:42.920 --> 1:29:45.160
<v Speaker 1>from the fields they are working in people off the

1:29:45.160 --> 1:29:48.400
<v Speaker 1>streets who may actually be US citizens. Am I missing something, Vanessa,

1:29:48.439 --> 1:29:51.000
<v Speaker 1>You're not. You know, I don't have a good answer

1:29:51.080 --> 1:29:54.439
<v Speaker 1>to this question other than boy, that's a really What

1:29:54.479 --> 1:29:57.160
<v Speaker 1>I want to do is send this over to whoever's

1:29:57.160 --> 1:29:59.840
<v Speaker 1>going to interview Christino next. Right, this is a ter

1:30:00.479 --> 1:30:02.600
<v Speaker 1>question that needs to be asked if I get an

1:30:02.640 --> 1:30:06.080
<v Speaker 1>opportunity to ask anybody in the in the DHS system,

1:30:06.160 --> 1:30:09.519
<v Speaker 1>whether it's Stephen Miller, who I may you know, whether

1:30:09.520 --> 1:30:12.519
<v Speaker 1>it's for my newsphere show or here So I did.

1:30:12.600 --> 1:30:15.240
<v Speaker 1>It's a terrific question and I want to know the

1:30:15.240 --> 1:30:18.080
<v Speaker 1>answer to that, and hopefully somebody listening also wants to

1:30:18.120 --> 1:30:22.040
<v Speaker 1>know the answer to that. That is a outstanding observation.

1:30:22.960 --> 1:30:26.439
<v Speaker 1>Second question comes from Jeff H. By the way, like

1:30:26.520 --> 1:30:31.280
<v Speaker 1>you know, if you're absolutely right sidey, that seems to

1:30:31.320 --> 1:30:33.439
<v Speaker 1>be would probably I bet you if you pulled that question,

1:30:33.640 --> 1:30:40.000
<v Speaker 1>should American tax dollars be used to how's criminals who

1:30:40.200 --> 1:30:43.280
<v Speaker 1>are here illegally? I have a feeling I know how

1:30:43.360 --> 1:30:47.599
<v Speaker 1>that would how that poll question would go. This next

1:30:47.680 --> 1:30:49.800
<v Speaker 1>question comes from Jeff H. He says, what do you

1:30:49.840 --> 1:30:52.720
<v Speaker 1>think about eighteen years for term elaments on senators and representatives?

1:30:52.720 --> 1:30:54.920
<v Speaker 1>We've got to get people out of these positions before

1:30:54.920 --> 1:30:57.760
<v Speaker 1>they become decrepit. Jeff, here's all I want to tell you.

1:30:57.840 --> 1:31:03.200
<v Speaker 1>I'm on Monday next week. I'm dropping an interview with

1:31:03.439 --> 1:31:09.080
<v Speaker 1>Larry Lessik, who is a Harvard Law School professor who

1:31:09.479 --> 1:31:16.120
<v Speaker 1>is focused and he's got this campaign finance law that

1:31:16.200 --> 1:31:20.280
<v Speaker 1>has passed in Maine that the Feds are that some

1:31:20.400 --> 1:31:24.480
<v Speaker 1>are trying to say is unconstitutional. But if they successfully

1:31:24.600 --> 1:31:26.240
<v Speaker 1>argue their case, he thinks he might be able to

1:31:26.280 --> 1:31:31.280
<v Speaker 1>make super Pack essentially obsolete right by limiting all donations

1:31:31.280 --> 1:31:33.200
<v Speaker 1>to super packs to five thousand dollars. I'm not going

1:31:33.200 --> 1:31:35.960
<v Speaker 1>to get into the details of this, but in that conversation,

1:31:36.600 --> 1:31:39.200
<v Speaker 1>Larry and I talk about the idea of a constitutional convention,

1:31:39.400 --> 1:31:42.720
<v Speaker 1>because ultimately term limits would have to be put in

1:31:42.760 --> 1:31:46.560
<v Speaker 1>the constitution. That the only way you can make it constitutional.

1:31:47.479 --> 1:31:50.120
<v Speaker 1>And there's a lot of argument to be made. We're

1:31:50.280 --> 1:31:53.519
<v Speaker 1>due for a constitutional convention. Deal with campaign money, right,

1:31:53.600 --> 1:31:55.960
<v Speaker 1>things that the Supreme Court is said is unconstitutional, deal

1:31:56.000 --> 1:32:00.160
<v Speaker 1>with campaign money, deal with age limits, term limits. It's

1:32:00.200 --> 1:32:02.240
<v Speaker 1>you know, maybe you do it as age limits we have,

1:32:02.560 --> 1:32:05.040
<v Speaker 1>we have age minimums to run for office, right, twenty

1:32:05.040 --> 1:32:06.920
<v Speaker 1>five for the House, thirty for the Senate, thirty five

1:32:06.920 --> 1:32:09.679
<v Speaker 1>for the presidency. I'd argue those are kind of obsolete now,

1:32:10.120 --> 1:32:13.200
<v Speaker 1>you know, you know, should there really you know, maybe

1:32:13.240 --> 1:32:15.519
<v Speaker 1>you just if you're eligible to be in Congress of

1:32:15.560 --> 1:32:18.080
<v Speaker 1>twenty five, why is there you know, why make a

1:32:18.080 --> 1:32:20.519
<v Speaker 1>difference on the Senate and the presidency at that point.

1:32:20.920 --> 1:32:24.000
<v Speaker 1>But if you're going to put in age maximum, since

1:32:24.040 --> 1:32:26.880
<v Speaker 1>age minimums are in the constitution, age maximums have to

1:32:26.920 --> 1:32:28.960
<v Speaker 1>be in the constitution. So I think this is a

1:32:29.520 --> 1:32:31.759
<v Speaker 1>is it eighteen years? I think eighteen years for instance,

1:32:31.800 --> 1:32:34.080
<v Speaker 1>is a I'd call that a generation right? And is

1:32:34.120 --> 1:32:36.599
<v Speaker 1>it eighteen years collectively? Right? That? Or is it eighteen

1:32:36.640 --> 1:32:40.920
<v Speaker 1>years in each chamber too? That that's another question that

1:32:41.600 --> 1:32:44.960
<v Speaker 1>some might have. But a good constitutional convention, balance budget

1:32:45.000 --> 1:32:47.360
<v Speaker 1>amendments another thing where you might have some some people

1:32:47.360 --> 1:32:48.800
<v Speaker 1>on the right want this, some people on the left

1:32:48.840 --> 1:32:52.240
<v Speaker 1>want this, you know, just like the original constitutional convention,

1:32:52.439 --> 1:32:57.439
<v Speaker 1>you would get some interesting compromises. And I'm going to

1:32:57.520 --> 1:33:00.760
<v Speaker 1>leave it at there. This is the long one. And

1:33:01.400 --> 1:33:04.120
<v Speaker 1>on that so I've got a bunch of other questions.

1:33:04.160 --> 1:33:06.760
<v Speaker 1>We'll save it. We'll save it for We'll save some

1:33:06.800 --> 1:33:08.439
<v Speaker 1>of them for next week. I promise you know me,

1:33:08.520 --> 1:33:11.280
<v Speaker 1>I will get to all of them. That is the goal.

1:33:11.360 --> 1:33:14.000
<v Speaker 1>All right. With that, I hope you enjoy your weekend

1:33:16.360 --> 1:33:19.080
<v Speaker 1>and I will see you in about seventy two hours

1:33:19.160 --> 1:33:20.759
<v Speaker 1>or so until we upload again.