Scott Galloway
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Appearances Over Time
Podcast Appearances
And people say, well, that's a function of capitalism.
No, it's not.
There's capitalist countries all over the world where, you know, kids don't, you know, one in five households don't have kids who are food insecure.
So I actually, you know, where I land on this is, one, distinctive offering, and you know my feelings about the manufactured scarcity, but on the social side of things, I think it's great that someone can make a trillion dollars.
What bothers me is that they're not taxed at a decent rate, and we don't put the same safeguards or apply the same norms to them, thereby, again, reflecting.
Elon Musk is probably going to decide who the next president is.
I think we're naive to think that he doesn't have that power now.
Yeah, I think that's right.
It's one thing to play the game and make a lot of money playing the game, but it's a different thing to rig the game and make a lot of rigging it.
And that seems to be what the direction we're headed, especially the extent to which
These people like Elon appear to be buying our politics.
I mean, we've seen how billionaire spending on political campaigns has just exploded ever since Citizens United.
And it does result in these regulations, which makes it easier to make huge amounts of money, particularly with this insider trading stuff, which is why I believe that that is probably the biggest issue that we're seeing in the current administration right now.
It's just the total collapse of investor protections and the increase of insider trading.
One final point I just want to point out, related to the circular deal-making that we've described in the past, and this is very interesting, and our research assistant, Dan Chalon, pointed this out, and it's a really good point.
After the S1 dropped for SpaceX, they announced this deal with Google, where Google was going to buy $920 billion per month worth of AI compute from SpaceX.
And a lot of people said, hey, SpaceX has a good business now.
Like, they're figuring it out.
It was very strange, though, because...
We also have to recognize that Google owns 6% of SpaceX.