Vivek Ramaswamy
๐ค SpeakerAppearances Over Time
Podcast Appearances
So historically, the way the market economy is supposed to work is the shareholders hold the firm accountable. Instead, you have a lot of these concentrated financial actors that are voting their shares on behalf of the everyday American or the pension fund holder in a way that has resulted, I do think, in some level of inefficiency.
So historically, the way the market economy is supposed to work is the shareholders hold the firm accountable. Instead, you have a lot of these concentrated financial actors that are voting their shares on behalf of the everyday American or the pension fund holder in a way that has resulted, I do think, in some level of inefficiency.
So historically, the way the market economy is supposed to work is the shareholders hold the firm accountable. Instead, you have a lot of these concentrated financial actors that are voting their shares on behalf of the everyday American or the pension fund holder in a way that has resulted, I do think, in some level of inefficiency.
So wherever you look in our country, the rise of this managerial class, right, wherever you see the rise of bureaucracy, the American citizen tends to lose in the end. The And so my general form of solution is, as a first step, take a jackhammer to the bureaucracy, take the savings, and put them in the pockets of everyday citizens. Real quick, real quick. And good things are going to happen.
So wherever you look in our country, the rise of this managerial class, right, wherever you see the rise of bureaucracy, the American citizen tends to lose in the end. The And so my general form of solution is, as a first step, take a jackhammer to the bureaucracy, take the savings, and put them in the pockets of everyday citizens. Real quick, real quick. And good things are going to happen.
So wherever you look in our country, the rise of this managerial class, right, wherever you see the rise of bureaucracy, the American citizen tends to lose in the end. The And so my general form of solution is, as a first step, take a jackhammer to the bureaucracy, take the savings, and put them in the pockets of everyday citizens. Real quick, real quick. And good things are going to happen.
On that, you said BlackRock, what did you say? State Street, Vanguard, all of these companies. And that's where a lot of this ESG stuff, by the way, came from too. Like these environmental and social constraints on these firms came from the same firms that in many ways were using that as a smokescreen to be able to actually fail to vote in the way they should be.
On that, you said BlackRock, what did you say? State Street, Vanguard, all of these companies. And that's where a lot of this ESG stuff, by the way, came from too. Like these environmental and social constraints on these firms came from the same firms that in many ways were using that as a smokescreen to be able to actually fail to vote in the way they should be.
On that, you said BlackRock, what did you say? State Street, Vanguard, all of these companies. And that's where a lot of this ESG stuff, by the way, came from too. Like these environmental and social constraints on these firms came from the same firms that in many ways were using that as a smokescreen to be able to actually fail to vote in the way they should be.
The capital owners, you can call them the capital owners, because right now they call BlackRock and Vanguard the shareholders. That's the shareholders in air quotes. The actual capital owner is totally disconnected from it. Are not seeing what they want reflected. Exactly.
The capital owners, you can call them the capital owners, because right now they call BlackRock and Vanguard the shareholders. That's the shareholders in air quotes. The actual capital owner is totally disconnected from it. Are not seeing what they want reflected. Exactly.
The capital owners, you can call them the capital owners, because right now they call BlackRock and Vanguard the shareholders. That's the shareholders in air quotes. The actual capital owner is totally disconnected from it. Are not seeing what they want reflected. Exactly.
I strongly believe that's the case. I wrote a couple books about it. I also started a competitor to BlackRock called Strive just a few years ago. So I care about trying to solve these problems at best I can through the market.
I strongly believe that's the case. I wrote a couple books about it. I also started a competitor to BlackRock called Strive just a few years ago. So I care about trying to solve these problems at best I can through the market.
I strongly believe that's the case. I wrote a couple books about it. I also started a competitor to BlackRock called Strive just a few years ago. So I care about trying to solve these problems at best I can through the market.
But one of the reasons I entered politics is there's only so much you can do through the market when the root cause of why these firms are structured this way is actually traces back to the regulatory environment that creates the incentives for that type of consolidation in the first place.
But one of the reasons I entered politics is there's only so much you can do through the market when the root cause of why these firms are structured this way is actually traces back to the regulatory environment that creates the incentives for that type of consolidation in the first place.
But one of the reasons I entered politics is there's only so much you can do through the market when the root cause of why these firms are structured this way is actually traces back to the regulatory environment that creates the incentives for that type of consolidation in the first place.
Now let's get back to the show. A summary of my worldview is bureaucracy is bad, all else equal, and it harms the very people it's supposed to harm. Do you think you're radical? In the sense that America's radical. Sure. I mean, America is a radical idea.
Now let's get back to the show. A summary of my worldview is bureaucracy is bad, all else equal, and it harms the very people it's supposed to harm. Do you think you're radical? In the sense that America's radical. Sure. I mean, America is a radical idea.