Derek Thompson
๐ค SpeakerAppearances Over Time
Podcast Appearances
Because people are going to pick up the phone and scream at the Biden administration.
A theme from what you just said, and I think a theme from immigration policy in the last few years, is that good politics, good electoral politics, I think, is very responsive to what's happening in the world.
But that can sometimes mean that the policy that emerges from various elections is only
over-responsive, right?
We react, the Democrats react in 2020, in 2021, I suppose, when Biden becomes the president, too much to the Trump example and swing too far to the left.
And then you have, right, Trump coming back into office and his politics is incredibly reactive to Biden policies.
Holding on that idea just a bit, the idea that good politics are reactive, but one outcome of that is that policy can sometimes be overreactive.
Um, you've said that one of the policies you're interested in, if or when Democrats, uh, have executive power again, is you want to target these big mergers that the Trump administration has allowed among his friends.
So for example, Warner Brothers discovery was recently bid on by Netflix, but Warner Brothers will instead go to Paramount.
No surprise.
Paramount is run by David Ellison.
He's the son of billionaire Oracle CEO, Larry Ellison, Trump's friend.
Um,
And regarding these sort of friends of Trump deals, which is a theme that extends beyond Warner Brothers' Discovery Paramount, you said the following, quote, "'Once we take power, whoever the president is, we're going to break up your companies.'"
This is what you told Semaphore.
Continuing with your quote, "'So all the investment you did to create those mergers are going to be for naught.
Your investors are going to be pissed at you, and you're likely going to end up getting fired as the CEO because you wasted so much time and money and corrupted yourself in the process.'"
End quote.
I don't want to suggest that this is an overreaction.
I want to make that very, very clear.