Andrew Ross Sorkin

We were protecting labor in a remarkable way.

And I think people look back now at that period fondly.

But I also think today, again, in this sort of social media driven universe, you know, everybody wants to be Mr. Beast.

They all want to be you, John.

I mean, they all want to- I don't think so.

I don't think that can be right.

But I have a very unpopular explanation for why that was the case.

All right, let's hear it.

And Paul Krugman disagrees with me vehemently about this.

So just I want to want to posit that so you can throw your tomatoes if you like.

I worry or I'm concerned that this sort of 1950s to call it 1980 period where we had this sort of utopia that we think about.

I don't know if it's really utopia because there was all sorts of civil unrest and other things that took place during that period too.

Right.

It was also a function of the fact that the U.S.

was a monopoly power in the world during that period and was able to effectively charge monopoly rents.

So effectively, the rest of the world after World War II was out of business.

We were not competing with anybody.

We were it.

We were the entire game.

And so we could charge remarkable amounts of money.