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Chamath support ×1 ▼ on 🏛️ Socialist policy turn across the industrialized democracies E234 · 2025-07-04 ▶ 32:11

And I think when everybody realizes that the alternative is essentially some insane form of socialism and redistribution, I think the alliance will hold and that they'll find some common ground.

Friedberg support ×3 ▼ on 🏛️ Socialist policy turn across the industrialized democracies E234 · 2025-07-04 ▶ 44:32

And that's why I'm so convinced that there's a rise in socialism in this country because in this sort of an inflationary environment, like we're seeing so far this year, you don't see it in the dollar inflation numbers. You see it in the dollar currency numbers. You're going to say, man, I need an alternative.

Chamath oppose ×2 ▼ on 🏛️ Socialist policy turn across the industrialized democracies E233 · 2025-06-28 ▶ 56:10

I think the three of you guys are a little exaggerated, to be quite honest. I mean, all the rhetoric sounds very clever, but I don't think it's accurate. I think the way that I see it is more nuanced than this.

Sacks support ×2 ▼ on 🏛️ Socialist policy turn across the industrialized democracies E233 · 2025-06-28 ▶ 48:13

they don't see that socialism always fails wherever it's tried. San Francisco went through this. I mean, it was a doom spiral. Now, I think we've turned the corner. LA is in the midst of going through it, and a large portion of LA just burned down because there's no water in the fire hydrants. Basically, all the public services have been looted. And New York is about to learn this for themselves.

Friedberg support ×3 ▼ on 🏛️ Socialist policy turn across the industrialized democracies E233 · 2025-06-28 ▶ 42:02

For me, it feels like actually a little bit of a beginning of a wave that's going to continue to sweep over this country starting in cities. And I think that we're at the very early stages. I think we'll look back and I jokingly say that Kamala Harris is going to look like a conservative candidate pretty soon.

Friedberg support ×2 ▼ on 🏛️ Socialist policy turn across the industrialized democracies E222 · 2025-04-05 ▶ 1:34:11

And that's why I said my contrarian bet for this year was this rise in socialist policy and the response to some of the actions the administration might take. But we'll see how it goes out.

Chamath support ×2 ▼ on 🏛️ Socialist policy turn across the industrialized democracies E218 · 2025-03-08 ▶ 1:18:01

The individual governments of Europe are vibrant and powerful. The European Union itself was created almost without any real teeth. And so what happened is the folks there started to pass inordinate numbers of laws. And that has made it really complicated to be a European company, a European citizen. And that has to get sorted out.

Friedberg support ×3 ▼ on 🏛️ Socialist policy turn across the industrialized democracies E215 · 2025-02-15 ▶ 33:23

You know, GDP per capita in the EU, $60,000 a year, GDP per capita in the United States, like $82,000, but GDP per capita in India is $2,500 and China's $12,600. There's a greater incentive in those countries to manifest upside than there is for the United States and the EU who are more worried about manifesting downside. ... And the countries that are more techno-pessimistic are unfortunately going to find themselves asking for greater government control, government intervention in markets, government's creating jobs, government making payments to people, government's effectively running the economy.

Chamath support ×2 ▼ on 🏛️ Socialist policy turn across the industrialized democracies E203 · 2024-11-08 ▶ 27:26

They're not going to attack. If you think that the intelligentsia, quote unquote, the Bill Gates, Reid Hoffmans of the world that funds, Dustin Moskovitz that funds the Democratic apparatus at the highest level, if they can't change, what are the odds that the state infrastructure or the local infrastructure changes?

Friedberg reversal ×2 ▼ on 🏛️ Socialist policy turn across the industrialized democracies E203 · 2024-11-08 ▶ 1:34:40

My big prediction over the next few years is you will see a more centrist Democratic Party as they try and re-incorporate.

Sacks support ×2 ▼ on 🏛️ Socialist policy turn across the industrialized democracies E193 · 2024-08-23 ▶ 1:04:28

I think that Elizabeth Warren and Bernie sanders are now the thought leaders and really the beating heart of the Democrat Party. I think what's happened is the Republican Party has moved to right-wing populism, and the Democrats in response to that have concluded that they need to basically move to left-wing populism in order to compete with that. So both parties are becoming fairly populist. Now, what does left-wing populism mean? It basically means soak the rich, right?

Friedberg support ×3 ▼ on 🏛️ Socialist policy turn across the industrialized democracies E193 · 2024-08-23 ▶ 1:17:41

And I was looking at the total GDP of the United States is $25 trillion. The federal budget for next year is proposed to be $7.2 trillion. And state and local budgets combined is about $4 trillion. So if you look at government spending, it's about half of GDP now

Chamath oppose ×2 ▼ on 🏛️ Socialist policy turn across the industrialized democracies E187 · 2024-07-12 ▶ 1:01:58

I do think Friedberg is touching on something, but I think the explanation doesn't have to be this idea that people are embracing socialism.

Sacks oppose ×2 ▼ on 🏛️ Socialist policy turn across the industrialized democracies E187 · 2024-07-12 ▶ 51:57

Yeah, look, I don't think that the use demand for socialism is what's driving the results in France at all.

Friedberg support ×3 ▼ on 🏛️ Socialist policy turn across the industrialized democracies E187 · 2024-07-12 ▶ 47:00

But really what I think we're seeing is a much bigger shift where there's this bigger battle between socialism and free market democracy.

Chamath support ×2 ▼ on 🌍 Germany slides into recession because it can no longer get cheap energy E144 · 2023-09-01 ▶ 31:11

why Germany has such a difficult issue is because they turned off NatGas, they turned off the reactors, and there's just not enough solar installed right now. It's also a cloudy country.

Sacks support ×2 ▼ on 🌍 Germany slides into recession because it can no longer get cheap energy E144 · 2023-09-01 ▶ 31:03

Well, this isn't preventing Germany from sliding into a massive recession because they're not able to get cheap energy anymore.

Chamath reversal ×2 ▲ on 🏛️ Ukraine endgame is an organized negotiated detente, not a Ukrainian win E134 · 2023-06-24 ▶ 23:38

Because on the one hand, if you take the Russia incident and the Ukraine War, what you saw was that there were ample numbers of off ramps that we chose, frankly, to not take so that we could engage our enemy in some long drawn out war on the hopes that it just depletes their resources. That's kind of rolling the dice, I think, in a very dangerous way.

Sacks support ×3 ▲ on 🏛️ Ukraine endgame is an organized negotiated detente, not a Ukrainian win E134 · 2023-06-24 ▶ 16:17

Where it stands right now is that around 18 or 19 days into it, it has produced minimal gains. In fact, it's been somewhat of a disaster. It's hard to get conclusive estimates of personnel and material losses, but I think as many as a quarter of the tanks and armored vehicles have already been destroyed, and the casualties may be as high as around 10,000 out of an army that was trained up for this purpose of around 50,000.

Sacks support ×2 ▲ on 🏛️ Ukraine endgame is an organized negotiated detente, not a Ukrainian win E128 · 2023-05-12 ▶ 1:02:51

and Ukraine's going to win this war, and instead, it looks like it's being destroyed, Ukraine is. So, this war is turning into a debacle.

Sacks support ×2 ▲ on 🏛️ Ukraine endgame is an organized negotiated detente, not a Ukrainian win E126 · 2023-04-28 ▶ 1:08:58

It looks like Russia is certainly not losing the way they used to be. They've captured 90% of Bakhmut, which has been the most violent, bloody battle of the war. And Biden at this point has no strategy to bring that to an end. In fact, he's rejected multiple attempts at a peace deal. And so now it looks like it's the Chinese who are in the driver's seat, potentially putting together some sort of diplomatic settlement.

Jason support ×2 ▲ on 🏛️ Ukraine endgame is an organized negotiated detente, not a Ukrainian win E120 · 2023-03-17 ▶ 1:25:39

The war is going to end there because we're not funding this. And the American public is not going to want to see tens of billions of dollars go into Ukraine and to fund this war in year two or three.

Sacks oppose ×2 ▲ on 🏛️ Ukraine endgame is an organized negotiated detente, not a Ukrainian win E115 · 2023-02-11 ▶ 14:02

And I think the longer this goes on, the more dangerous it is.

Friedberg oppose ×3 ▲ on 🏛️ Ukraine endgame is an organized negotiated detente, not a Ukrainian win E115 · 2023-02-11 ▶ 22:53

I don't think that there's much of an incentive or a motivation to back down, because this conflict creates a significant amount of debt owed back to the US.

Friedberg oppose ×2 ▲ on 🏛️ Ukraine risk is already ring-fenced - even a nuclear incident barely moves markets E113 · 2023-01-27 ▶ 1:15:40

there may be a Franz Ferdinand moment here, where one thing goes too far and triggers a cataclysmic outcome. And in this case, the cataclysmic outcome is tactical nuclear weapons.