Scott Galloway

In the emotion I registered from them,

is that they're very worried and they're actually in a weird way, it's like you don't appreciate something until it's gone.

They miss the old America.

And I think that there's a certain kind of bereft, like, we're fond of America and we hope that it is still America.

Whenever they but I got some questions about that, about how the tech come off the rails about.

I'm like, OK, but you have to couch it in the following context.

I get a little bit defensive around this and you get that a lot.

How did American Tech Brothers become so terrible?

I'm like, okay, just to slow your roll a little bit, in 1995, GDP per capita and hourly wage was about the same and productivity was about the same between Europe and the US.

The US has blown away Europe.

I mean, up 20 or 30% while Europe is flat.

And most of that is capital formation in tech.

Anthropic, which was founded five years ago, if it had been founded in Europe, it would be one of the five most valuable companies in Europe.

I'm like, for all the villainy or villainy or bad vibes that you're getting from tech, keep in mind,

These companies have created unbelievable economic value that has, quite frankly, left you in the dust.

Just the IPOs of Anthropic, OpenAI, and SpaceX, if they go through, are estimated to earn or raise about $250 billion.

Just those three companies.

Do you know how much money was raised in the capital markets in the UK last year?

Yeah, a couple of billion.

Now granted, that was an especially weak year.