Vivek Ramaswamy

It was the tail end of the business cycle when wages were growing up, which means they tightened monetary policy right into a natural downturn of the business cycle, which is how you got the 08 crisis, which, by the way, people our age, a big source of inequality was still the aftermath of that great recession after the 08 financial crisis. Yeah. Imagine we had none of that.

It was the tail end of the business cycle when wages were growing up, which means they tightened monetary policy right into a natural downturn of the business cycle, which is how you got the 08 crisis, which, by the way, people our age, a big source of inequality was still the aftermath of that great recession after the 08 financial crisis. Yeah. Imagine we had none of that.

I don't think that's how you got the 08 crisis.

I don't think that's how you got the 08 crisis.

I don't think that's how you got the 08 crisis.

It exacerbated it.

It exacerbated it.

It exacerbated it.

No, no, no. It was actually the Federal Reserve tightening monetary... Anyway, it lasted a lot longer even in the aftermath of it. But my point is, imagine you didn't have any of that regulatory state all in. Fast forward 20 years later, would we have been better off if none of the bureaucracy had even tried to do it?

No, no, no. It was actually the Federal Reserve tightening monetary... Anyway, it lasted a lot longer even in the aftermath of it. But my point is, imagine you didn't have any of that regulatory state all in. Fast forward 20 years later, would we have been better off if none of the bureaucracy had even tried to do it?

No, no, no. It was actually the Federal Reserve tightening monetary... Anyway, it lasted a lot longer even in the aftermath of it. But my point is, imagine you didn't have any of that regulatory state all in. Fast forward 20 years later, would we have been better off if none of the bureaucracy had even tried to do it?

And by the way, just take the money that was spent by that bureaucracy and put it in the pockets of people? Yeah. Yes, we would, actually.

And by the way, just take the money that was spent by that bureaucracy and put it in the pockets of people? Yeah. Yes, we would, actually.

And by the way, just take the money that was spent by that bureaucracy and put it in the pockets of people? Yeah. Yes, we would, actually.

So I think there is... Well, I think the reality is the bureaucracy is what determines that pay, right? I think a lot of... Now, I believe in the market actually working, but... This gets into a separate market structure. So normally shareholders, you're asking the question, I'll give you the answer because it's actually a topic that was near and dear to my heart.

So I think there is... Well, I think the reality is the bureaucracy is what determines that pay, right? I think a lot of... Now, I believe in the market actually working, but... This gets into a separate market structure. So normally shareholders, you're asking the question, I'll give you the answer because it's actually a topic that was near and dear to my heart.

So I think there is... Well, I think the reality is the bureaucracy is what determines that pay, right? I think a lot of... Now, I believe in the market actually working, but... This gets into a separate market structure. So normally shareholders, you're asking the question, I'll give you the answer because it's actually a topic that was near and dear to my heart.

I started a company that was on this very issue. Shareholders are the supposed bosses of a corporation and public companies. It turns out that most public companies have their stock held by a really concentrated small number of firms, BlackRock, State Street, Vanguard among them. They're the ones who are actually voting for CEO pay, not the actual shareholders themselves.

I started a company that was on this very issue. Shareholders are the supposed bosses of a corporation and public companies. It turns out that most public companies have their stock held by a really concentrated small number of firms, BlackRock, State Street, Vanguard among them. They're the ones who are actually voting for CEO pay, not the actual shareholders themselves.

I started a company that was on this very issue. Shareholders are the supposed bosses of a corporation and public companies. It turns out that most public companies have their stock held by a really concentrated small number of firms, BlackRock, State Street, Vanguard among them. They're the ones who are actually voting for CEO pay, not the actual shareholders themselves.