Vulcan Materials Company

Chamath support ×2 ▲ on 🏛️ Infrastructure trillions get captured by the contractors E66 · 2022-02-05 ▶ 40:24

There's a term in Washington, which is called the Christmas tree bill. And the infrastructure bill is an example of that, which is this is not a directed shot on goal. What this is is a random tree that you go and hang little things on top of. ... And so to your point, the fact that Ryan can say there's 17 billion dollars allocated to something like ports, but it's unclear to him who's an expert in the space where that money goes and how it's spent gives us zero chance of figuring this out.

There's $17 billion allocated to ports. I went and read it and I couldn't find any money that was going to be spent on building ports. It was like, study this. ... it's like things like, oh, each state must create our supply chain readiness report about it's like, what are you talking about? ... But like to then create studies and consultants, I don't know that any of it's going to hit the ground and shovel.

Friedberg support ×2 ▲ on 🏛️ Infrastructure trillions get captured by the contractors E56 · 2021-11-20 ▶ 1:05:32

we don't need yesteryear's infrastructure. We don't need last century's infrastructure. New bridges and toll bridges or whatever nonsense is going to get inflated as a result of this recent infrastructure

Chamath support ×2 ▲ on 🏛️ Infrastructure trillions get captured by the contractors E56 · 2021-11-20 ▶ 53:41

the procurement process is the furthest thing from a free market where you essentially have these licensed people that are allowed to provide services. And so if you actually have the key critical input to making something possible, you have to get bundled in through contractors and subcontractors and general contractors who each take their five and 10 percent.

Sacks support ×2 ▲ on 🏛️ Infrastructure trillions get captured by the contractors E54 · 2021-11-06 ▶ 1:13:19

I think what's going to happen in the wake of this election is that this infrastructure bill is going to sail through. Because one of the crazier things that the progressives were doing was holding that bill hostage. ... Because a lot of those programs are going to be popular in a state like Virginia.

Friedberg support ×2 ▲ on 🏛️ Infrastructure trillions get captured by the contractors E28 · 2021-04-01 ▶ 42:48

But the question of where those dollars actually go ultimately, if you kind of look at how government contract work is done, there will be a few people that own the majority of these contract service providers that will benefit heavily from this capital coming out of the government's coffers and will go into their bank accounts.

Chamath support ×2 ▲ on 🏛️ Infrastructure trillions get captured by the contractors E28 · 2021-04-01 ▶ 44:25

How much of it will go into like lining the pockets of shareholders and folks in very specific companies who just print an enormous amount of profit over the next few years? Probably another 150 or 200 billion.