The idea of encouraging space exploration makes perfect sense to me. I stopped spending money not because I was waiting for a better deal but because I couldn't find anything useful to spend money on. Consumerism is not only meaningless, it's harmful. I couldn't care less for another t-shirt, car, or gadget when the ones I already have work perfectly fine and buying new ones just uses valuable resources and adds to our landfills. Space exploration excites me though. It fires up our imagination and actually gives purpose to our research and to our spending. Universal top quality education and universal top quality healthcare excite me also. Those are goals worth pursuing. ❤️
@MrPaweee
4 жыл бұрын
Great points, something to think about.
@loungelizard836
4 жыл бұрын
Yes,. until so.ethingtruly revolutionary comes out there is no reason to spend more than needed. Many consumers are getting wise it advertising and desire implantation!
@danchatka8613
4 жыл бұрын
Thank you for interviewing Chamath Palihapitiya. He's one smart dude.
@mr.h.8915
4 жыл бұрын
Loved every minute of this interview. Thanks Anthony, Thanks Chamath !
@lalmanigarg5687
4 жыл бұрын
Wow. This guy is great and courageous to talk his heart.. good to listen him..
@petem2198
4 жыл бұрын
At a time where you can't trust what you read, see or hear re: the market...Chamath's well informed views are a breath of confronting fresh air
@irvlennert3674
4 жыл бұрын
I knew Chamath Palihapitiya was a smart dude, he's the reason I watched the interview but, this interview made me see Anthony Scaramucci in a much more positive light than I would have put him in ever before!
@NandishPatelV
4 жыл бұрын
Chamarth is incredible! How does he weave all these disperse ideas together into a coherent and articulate story?! I wonder if he school teacher's report predicted this outcome. :)) Keep Smiling
@JonathanMichaelJM
4 жыл бұрын
This Chamath guy's intellect is NEXT LEVEL. Juts shows you that if you LEARN & know more you can DO more. I would reckon he spends a lot of time reading. He's inspiring because he's well informed across almost every domain.
@konkyolife
4 жыл бұрын
I have a total bro-crush on this guy. So easy to understand.
@ggrthemostgodless8713
4 жыл бұрын
Right on... I was about to post something similar.
@junooni0073
4 жыл бұрын
Chamath is in a different league. You can tell the mooch doesn’t have the same knowledge base and understanding of the government, tech, politics, and socioeconomic elements
@SammyC27
4 жыл бұрын
Mooch tweeted the other day that Ronald Regan was "never unkind". lol
@raul45612
4 жыл бұрын
mooch did a great job though, as an interviewer he was really good
@dhowto3005
4 жыл бұрын
Thank you Mr. Palihapitiya! This is why I am long SPCE. It's because it needs to be done.
@gihannanayakkara8375
4 жыл бұрын
Every time I listen to Chamath I learn something. Proud of you fellow Sri Lankan 🇱🇰 Smart investor who doesn’t look at quarterly profits like most of the hedge funds. He really needs to contribute to the development of his investment while earning profits! World needs more Palihapitiyas
@nickking6371
4 жыл бұрын
Scaramoochi speaking word for word this whole conversation things i talk about. I love both of these guys. I would love to see yang, elon, cuban and scott galloway also in conversation with these guys.
@ShutThePuck
4 жыл бұрын
I don't think regular people are saving more. 70% of Americans earn less than $50k/year, of those about 43% earn less than $25k/year. Household debt is at an all time high $14tn with the rate of delinquencies in credit card and auto loan debts increasing. 40% of Americans had less than $400 saved before this pandemic. Yes if you look at average disposable income you'll be given a figure of $3-4k a month, but this is severely skewed to the top earners. The situation is very fragile in the US. There is hardly any social mobility, wages adjusted for inflation are stagnant or decreasing and everybody wants more than they have so they borrow to finance a temporary lifestyle or superficial improvements and this tightens their ability to save and spend for years upon years because their wages do not go up in any meaningful way. And honestly what alternative do most people even have? Save for 10-20 years for a deposit on a house that'll take 30 years to pay off? This isn't realistic. Why are millennials marrying later, marrying fewer, and having less children? Because hardly anyone is financially stable, the independent struggle for financial stability is exacerbated in a relationship, and raising a child through poverty and hardship is not something people want to undertake in the 21st century if given a choice.
@sahajdhungana1140
4 жыл бұрын
Great point, I have no idea why they assume that people are saving when they clearly aren’t
@marytakahashi4275
4 жыл бұрын
We keep talking about inflation like it actually matters. I doesn’t. If they cared they would have tried to pay off out large debts to China, who owns most of our countries debts. But it allows them to maintain a need for fiscal responsibility at the cost of lower US earners. The stagnation of pay has to do with spending money not on people but on buy back to pad and inflate stock prices for the shareholders who have in essence taken all the risk out of the stock market by job loss and job insecurity of the workers who should, because of their work, be given stability not the other way around.
@ralphschraven339
4 жыл бұрын
People have never had more buying power. The idea that people are having less children because they don't want to raise them in poverty misunderstands the nature of societal behavior and the economic situation we're in. What you call poverty would be called filthy rich 150 years ago. And, even more importantly, the dirt-poor have always procreated *far more,* rather than less, than the rich. The biggest difference society has faced in relation to marriage, children and the age at which people get a job and move out of the house, is that of directionless education. Never in the history of mankind has it been the norm to be completely free in choosing your own education and job. Virtually limitless personal freedom has changed the societal landscape, especially for the young. The decrease of societal pressures to get a job, get married and have kids at certain ages has dissipated in favor of the belief system that surrounds individualism. This is not by definition a good or a bad thing, but understanding these changes and where they have come from goes a long way to understanding the economic situation. People who don't save any money aren't "poor", they're just dumb. They have goods, and a lifestyle, that can only be supported by a certain amount of wealth, but they don't have any money because they have no financial skills and self-discipline.
@joanblond8527
4 жыл бұрын
@@marytakahashi4275 The question is this: If a corporate chief refuses to engage in stock buy-backs, how can he effectively spend that money to build his company and hire workers? This may not be an easy task. It takes a lot of sophistication and knowledge to know how to spend money in a truly productive fashion. I know I certainly couldn't do it. Experience has taught me that I'm a lousy businessman. (The tax cuts for the rich may have been a really lousy idea!)
@pokiblue5870
4 жыл бұрын
anyone know how I can invest in * Social Capital * company ? is there a stock symbol or siteweb where i can give my money to them so i can get a return on longterm ?
@vasanthaskanda5
3 жыл бұрын
Great visionaries . We hope politicians will listen to these guys .we have to let great teachers teach.This will help human beings to develop and find their place in the world.chamath said he was lucky enough to go to a good school and university for $ 10,000.The reason for good school and bad school depends on the teachers who teach with genuine will of the Governments and universities to help these kids who come there to learn and find a vision so young minds can make a meaning in their journey of life.capitalistic individuals with great visions will take us to other worlds.This will save the future of humanity.
@kiranvrao9714
3 жыл бұрын
Thank you
@Independent365
4 жыл бұрын
Never heard Scaramoochi sound so smart lol. Im impressed
@moloko5
4 жыл бұрын
Proves it was an act. It's pretty cynical really, the way this shit happens.
@cp987
4 жыл бұрын
Yang 2024
@kobismith
4 жыл бұрын
Let the airlines, corporations and hedge funds fail! Luv this guy. Straight Alpha Male telling it like i t-i is!
@riumudamc4686
4 жыл бұрын
Have a Zoom meeting with Tokyo and skip the flight
@sbIvanov
4 жыл бұрын
Not all can be done on Zoom ;)
@TheAchonx
4 жыл бұрын
What about the ramen?
@maheshkumar-kg6nw
4 жыл бұрын
I see chamath, I click!
@danielsciarra6869
4 жыл бұрын
Yes !
@jboyce007
4 жыл бұрын
Chamath "I've been in Vegas alot" Palihapitiya
@choski76
4 жыл бұрын
he has money to 🔥.
@rickdias08
3 жыл бұрын
@@choski76 my guess is he's playing blackjack and not losing much
@rhythmandacoustics
4 жыл бұрын
Chamat has read things recommended by Peter Theil I see.
@camerondoughty7794
4 жыл бұрын
Reminds me of Jeff Booth's Book 'The Price of Tomorrow'
@designerspen7420
4 жыл бұрын
Great conversation! thanks for sharing
@nikramburn
4 жыл бұрын
This guy!!!! 🙌🏽
@cellocovers3982
4 жыл бұрын
20:20 Trickle down innovation
@Ryan-ws2uk
4 жыл бұрын
Awesome interview, great questions. Looking into SALT now!
@gruberjohn1
3 жыл бұрын
The most important aspect of capitalism is the TRUTH that consumer decisions are the engine.
@MtMeadow
4 жыл бұрын
“Hope is not a strategy” “Space travel is valuable from a hope perspective”
@celebrityauthor7942
4 жыл бұрын
With underlying benefits, such as numerous new industries and innovations.
@cellocovers3982
4 жыл бұрын
Hope is a perk, not the only focus
@elvisj7139
4 жыл бұрын
Tremendouy interesting conversation. Too bad many won't understand this level of analysis.
@alexh.4842
3 жыл бұрын
Chamath is optimistic
@torinoconnor4296
4 жыл бұрын
Don’t hack Switch Stop
@jonbecherer5103
3 жыл бұрын
Thank you for sharing this
@ulissemini5492
4 жыл бұрын
lol first interview i've seen where the anchor has worse video quality then the guest
@justintyme7228
4 жыл бұрын
So the recommendation of Mr. C.P. is UBI, more spending, etc right out of the FED's playbook to generate inflation? People are just saving too much? It seems to me that the VAST majority of people in the US have not seen their incomes keep pace with inflation over past 40 years, cannot even cover a $500 emergency out of savings; they are increasingly using credit to pay expenses, financing cars out to 8 years and have little to no retirement assets. But the solutions he offers are more inflation????? What am I missing here???
@mattpatrick2564
4 жыл бұрын
Supposedly, we have no inflation but it’s a lie. We changed the definition and when you compare real inflation with GDP our economy has been in a depression since prior to the financial crisis. The percentage of government spending as part of GDP is growing; we are becoming a nanny state like our European friends over a 25 year period.
@tayloranderson456
4 жыл бұрын
“The difference between truth and popularity” Well put. I think between all the relatively new and free information sources that distinction has become harder to filter than ever
@ggrthemostgodless8713
4 жыл бұрын
"... ideologically promiscuous..." And so it begins, that is the only way to be, take the best of anything you live and learn, of any economic system, any philosophical system. What works well works well if it fits where you are.
@cokechang
4 жыл бұрын
39:16 i hope that sound is not what i think it is
@alvinrodgers934
3 жыл бұрын
I make money by following Chamath.
@davidonewayticket3388
4 жыл бұрын
This guy is sharp!!! We need a guy like this in the White House.. oh wait NVM we can't even get past a simple issue such as racism so America will not understand 7 out 10 of his words.
@user-wr5wm7gm7u
3 жыл бұрын
الشخص الي مسوين ويا لقا اخترق قناه زينب صباح
@Danny_6Handford
4 жыл бұрын
Ever since life first developed and evolved on earth, all life has had to compete for survival. Ever since humans started to dominate life on earth, they too had to compete for survival. There has also been a tendency for humans to compete in trying to conquer, dominate and control other humans and get other humans to be servants and slaves. Humans have also created caste and class systems and have an amazing talent to tell fascinating and conflicting stories that have also been used to dominate and control other humans. For most humans, life has always been a struggle and a competition for survival. If there is any chance for humans to live on earth in a fair and peaceful way without abusing or killing each other and destroying earth’s environment in the process, science, reason, logic and critical thinking along with democracy are the best systems that have been developed to try and achieve this goal. I am hoping that the explosion of information technologies like the internet can help and inspire all human life on earth to live together in fair, peaceful and sustainable ways for as long as possible. Nothing is really sustainable. Everything has a beginning and an end including the planet earth. Life on earth is not sustainable forever. It will eventually end. Humanity’s challenge and goal is to try to make life sustainable on earth for as long as possible and when it is no longer possible hopefully have figured out how to continue to survive somewhere else in the galaxy.
@arundass9025
4 жыл бұрын
great value here wow!
@loungelizard836
4 жыл бұрын
This is the same Scaramicci? He is so reasonable and intelligent now that he's away from D.C.!
@TheHeretic435
3 жыл бұрын
as a youth i used to weep in butchers shops
@jav555666
3 жыл бұрын
I was thinkn. Him &yang would be badass....then the interviewer mentioned Yang.......yang-gang 2020 :(
@guillaumejutras6503
4 жыл бұрын
Wow I can't believe you guys had to power and authority to get an interview with Chamath. Is he a SALT investor?
@swatisquantum
4 жыл бұрын
Guillaume Jutras true. Also the questions were awesome without the SJW WOKE bullshit. salt elevated in my mind.
@Leoninmiami
4 жыл бұрын
Thanks for the great discussion! Wondering if it would be best to deal with any grand attempts at fixing things at the state level vs the national level. MJ took off in Colorado and then it spread to other states. But if one had tried that at all those other states that now have it from the beginning, things would not have gone (and didn't go) so smoothly. Would this be a better approach. Start ones grand theories at fixing anything in a state that is likely to support it instead of forcing on states (and people) that from the outset would hate it but may want it later.
@janfm8670
4 жыл бұрын
I really appreciate his comments and direction of thinking. Creating a level Plainfield for youth through free education etc is critical. Where he is conflicted in his argumentation is the topic of climate change and space travel. We fly too much already and the savings of emissions by electrification of transport will be undone when pursuing fast space travel or space tourism. No one should have the right to fly to Japan in 2 hours in order to be back for dinner and by it causing big-time pollution for everyone. That's not progress. What's you argument?
@Mike-fk9xj
4 жыл бұрын
Watch everyday astronauts video on rocket pollution. It's way less than you think.
@Emma95able
4 жыл бұрын
Rockets use liquified nitrogen as fuel and not oil..so the emissions are much..much less
@CheekyFest
3 жыл бұрын
How have your hopes, ideas, beliefs changed between May 2020 - Aug 2021 ?
@web2yt488
4 жыл бұрын
4:00. Describes current system. No dramatic solution is required, just constructive tweaks.
@Euri_EE
4 жыл бұрын
Wow. The boomers may be dinosaurs but so are these guys. Completely out of touch. Good luck in the future. You guys are going to need it.
@sahajdhungana1140
4 жыл бұрын
Why are these people worried about deflation? The FED has been printing money like crazy, it’s textbook inflation. Love Chamath, but his economics could use some more work. American are not saving and neither are businesses. That’s why everyone almost got wiped out by this virus. Would love to see Peter Schiff debate Chamath
@TInyK12
4 жыл бұрын
We are currently in a deflationary environment.
@xdude57
4 жыл бұрын
I think you need to make a distinction. - asset vs income - Fed money trickle down economics creates asset inflation. - people’s income however doesn’t go up but down because demand destruction and that causes deflation
@TInyK12
4 жыл бұрын
Avacodo correct and if the fed balances money printing with money supply and credit we won’t get much inflation....we’ll see.
@iceman2921
4 жыл бұрын
Inflation in certain areas. Velocity of money is low.. more inflation will hit later...
@crystalclean9775
4 жыл бұрын
Dude... Peter Schiff???? Peter spends decades losing money for his clients, the guy makes his clients money once in a decade while charging them 1.5% fee. His inflation thesis never came to fruition, the guy thinks people still interested in hoarding yellow rocks in a world of wonderful technology and space traveling. The guy wants to go back to the 30s riding donkeys and shooting buffalos, where he's the king of the world sitting high in is pile of yellow rocks. Technology has been deflationary for decades and lower velocity of money exacerbates deflation. The money created by the fed is only marginally bandaging the wealth destruction occuring at the moment. Forget Peter Schiff and move on the 21st century
@bubblybull2463
4 жыл бұрын
Well, getting money in the hands of the consumer is one part of the problem. The second part is incentivizing them to buy products that are produced in the country. If consumers spend their cash on Chinese, vietnamese or indian products because they are cheaper, it‘s only going to drain the money out of the country.
@robbybobby6277
4 жыл бұрын
Automation and AI is the main need for UBI. We are in the beginning stages of a new industrial revolution. From a manufacturing market one to a technological market. There will be a lot of political, economic and social upheaval and turmoil as we get through the initial phase of this transition. Transiting from a physical, bricks and mortar economic model to a digital one. I actually think crypto currency and digital banks will be a big part of the future economy, myself. The growth we saw with Bitcoin is literally the tip of the iceberg. This transition and economic process is already beginning. Coronavirus has just exploded the dilemma, sooner.
@PA-eo7fs
4 жыл бұрын
UBI is a tax on business. As american business becomes less competitive (more expensive) how will they compete overseas or domestically with other firms?
@robbybobby6277
4 жыл бұрын
@@PA-eo7fs When automation is in full swing there will be millions of jobs lost anyway. So there will be no incentive, in the way of jobs, for consumers or money to even support such businesses because they won't be creating jobs at all, basically. Yet they will still certainly be benefiting from the government and consumers who do have money and jobs, the few that there are still left. Tell me, how would Capitalism or these businesses survive in such an economic and social environment? This will be a global change btw. It isn't reserved to any one country. All of the developed and developing economies will be affected by it. Not simply the USA. Even China or India, for example. So where will these businesses relocate to exactly and what consumer market will buy their products or goods and services? Will the left over labour market be a large enough consumer market? I guess that's up for debate but that would definitely lead to inflation of prices, even if it was. Is that a good scenario for business? It isn't just about the work, or consumer. It is a symbiotic relationship, the economy. If there is a level playing field for most large companies, it should not affect competitiveness too much. Quite the opposite, a smaller labour market would increase it, if it was a situation that played out across the majority of the global economy.
@Wishmegoodluck
3 жыл бұрын
dont worry about coming for dinner
@ggrthemostgodless8713
4 жыл бұрын
How is inflation good for the people?? I can see how it is good for governments and investment banks etc ... but for normal everyday consumers, how is that a good thing??
@locksherlo6102
4 жыл бұрын
Interesting life perspective and policies
@alvinspenker6731
3 жыл бұрын
To bad Chamath is a naturalized citizen. Otherwise he should run for president. I’d vote for him.
@marc9999
4 жыл бұрын
People assuming that deflation is coming, but the truth is we just don't know. Who says that people won't keep spending on random entertainment?
@sebucwerd
4 жыл бұрын
People don't spend on Entertainment. KZitem is free, Netflix is practically free
@TrillEverything
4 жыл бұрын
@@sebucwerd Exactly... You can.buy the new Avengers movie for $5.99 on Netflix/Demand TV or wait 3 months and they show it for free. Chamath explained this clearly.
@photinoman
4 жыл бұрын
Is this the place to talk salty?
@DrAAAli
4 жыл бұрын
Chamath is the modern day young Buffet.
@xdude57
4 жыл бұрын
Not really. Virgin galactic is a speculative investment. That Warren wouldn’t have made.
@cokechang
4 жыл бұрын
The Keynsian madness is running wild in this interview....let's build a space army just for the fun of it!
@marc9999
4 жыл бұрын
Someone should ask him whether he's conscious that if we all decide to withdraw 15% of our money from the bank, the system collapses instantly. It only works as long as people are willing to trust in the ponzi.
@ralphschraven339
4 жыл бұрын
@@marc9999 It seems like you fundamentally misunderstand a couple of things: #1: The fact that the system can't deposit a large percentage of everyone's money does not make it a risky or bad system. It's like filling water into a pool. And let's say refilling takes 5 minutes from a gargantuan basin. However, this can only refill 100 pools at once. If you need a drink, there needs to be some amount of water in the pool. "But what if an entire nation visits these pools all at once and drains hundreds and hundreds of them at the same time?" Well, they won't, that's not how human behavior works. And if they do, then yes, people will have to get in line. If I were a policy maker, I'd probably ensure that if a percentage withdrawal is exceeded and the bank is now acutely lacking liquidity, I'd enter a maximum withdrawal amount to ensure everyone gets to drink and live but nobody gets to fill their own olympic pool "because they can". Also, banks can borrow money if such events do occur, but obviously, if this were to happen on a global scale, additional measures would have to be taken. In which case, the banks I think would be the least of our concern as global chaos leading up to such an event is probably more tumultuous than only being able to withdraw 10,000USD from your account. #2: Ponzi schemes have absolutely nothing to do with fractional reserve banking. In a ponzi scheme, new investors pay for the older investors, until eventually, momentum is not sufficient to sustain the growth of the pyramid and the whole thing busts. In fractional reserve banking, money is being leveraged, and utilized, in order to make more money. The principal difference with ponzi schemes is that the banks are generating a percentage ROI on their financial services and products, not on a promise that they're magically going to multiply the money by getting even more people to hand over their money. Banks use the limited risk of a bank run and options to borrow money from central banks if this does occur to leverage their equity and use it to create more value. It would be a ponzi scheme if they gave you 10% interest on the basis of "if you find 5 more people to give us their money we can keep doing this forever!" which is essentially how a real ponzi scheme like Bitconnect works.
@oluniranolutimayin5551
4 жыл бұрын
I can’t ever get over his explanation on “Truth and popularity”
@sudarparakalan499
4 жыл бұрын
where does stock market go from here?
@Monopolist91
4 жыл бұрын
Expansion of the money supply IS inflation. Whether is shows up in consumer goods, asset prices, or if it's exported to China is irrelevant. All bad for the dollar. Analysts used to give a rip about the money supply numbers, probably wise if they start again.
@manuellopes3690
4 жыл бұрын
I got here late, my take is that savings are bad. Stop holding cash. Lets promote assets: stocks.
@neilgordon5356
4 жыл бұрын
They seem like really good dudes.
@nazifatasnim1006
4 жыл бұрын
He is hacking KZitem channels!!!
@tvardalos
4 жыл бұрын
Global Debt to GDP is the canary in the coal mine. As of Pre-Covid Jan-2020 it was 322%. Global Monetary Reset is gaining potential as a] global currencies are being debased and b] global GDPs contract and c] the USA consumer market continues to isolate itself from production nations.
@potato2941
4 жыл бұрын
how about instead of UBI, just no income tax on your first 55k? I just can't see giving everyone 1k per month for doing nothing, ending well, and make 32 hours per week full time.
@frontlineatni
4 жыл бұрын
because automation and AI will reduce the value of your economic contribution to zero, meaning you won't be paid 1000, let alone 55K per year. hence, UBI. the most visible examples of this are at retail stores and fast food restaurants. call center jobs will be added to that list soon, along with certain types of accounting and aspects of lawyering. simply put, human beings won't be efficient enough to add economic value, so people will need a livable wage of some sort instead of being discarded and left to languish.
@kickass911
4 жыл бұрын
Caregivers? Mothers? Volunteers? Students? The negative income tax doesn’t cover everyone and requires bureaucracy . Also 1k a month just give you the basic. No one can live with 12k a year in the US. Let me ask you, are you gonna stop working once you receive UBI? It actually contrasts with unemployment where it incentivizes you to not work. UBI is universal, everyone gets it and it provides no incentive for not working.
@ralphschraven339
4 жыл бұрын
@@frontlineatni The current estimates are that automation will displace 75 million jobs but generate 133 million new ones worldwide by 2022. By the time AI can do virtually anything that we can as a human, we will be living in a hyper-advanced technological society where resources are not an issue. Resource distribution as-is has little to nothing to do with AI taking over jobs as it's just not a significant factor as of yet.
@PA-eo7fs
4 жыл бұрын
@@frontlineatni What you don't understand is, the free market allocates to the best option. UBI is a window for foreign countries to increase GDP because it makes american goods and services more costly, thoughts?
@greghelton4668
4 жыл бұрын
Your question shows you don’t understand UBI. Suggest you watch some Yang videos.
@jraffo9687
4 жыл бұрын
5:45 Way simpler story about higher savings rate is that it's a result of inequality, more money in the hands of net savers, it's definitely not that the average American has been saving more - household debt is through the roof and the median family has less in savings than they did decades ago. I don't think the idea that the deflationary cycle is the result of free-ish tech products is accurate.
@fikrfackr735
3 жыл бұрын
Anyone here from antik mahmuds vid 😂🤣
@avocado4662
3 жыл бұрын
Anthony is a chamath fanboy. :)
@THeXDesK
3 жыл бұрын
#SPaCX
@christopherarmstrong2710
4 жыл бұрын
31:30 Education
@SquidStuff
4 жыл бұрын
He’s the guy who is hacking some youtube channels and making bitcoin scams!! Screw him.
@torinoconnor4296
4 жыл бұрын
Save Switch Stop
@bluesky5900
4 жыл бұрын
did he give any hints on IPOB target in this interview?
@neilbarnard735
4 жыл бұрын
Bright Guy
@m.m7md585
3 жыл бұрын
هذا مو باك قناة زينب وفاتح بث الاثول 😁
@Scorch428
4 жыл бұрын
isnt that the dude from the crypto youtube channel? Am i seeing things??
@Scorch428
4 жыл бұрын
Krown's Crypto Cave hmm...maybe thats not him...damn, i thought for sure
@QQQBall
4 жыл бұрын
Why is it always people have to spend and not save? One aspect of the current situation is that demand has been pulled forward. Why is deflaltion bad? Well, its not; however, in this system debt is so high that debt cannot be serviced. Those businesses fail - that is really an open economy. What the guest is suggesting is not an open capitalist society. I know Mr. Paliaptiya is wealthy, but what created this super-cycle is too much leverage and too much debt. Inflating teh currency supply is not without costs as savers have their holdings devalued.
@PhilippeLarcher
4 жыл бұрын
20:50 not low earth orbit
@thebookkeeper8404
4 жыл бұрын
Palihapitiya - a socialist capitalist - I love this guy!!!!!
@Monopolist91
4 жыл бұрын
Another keynsian. “We’re a consumer driven country. We need to get enough money in the hands of people where theyre not psychologically incentivized to save but to spend”. Does that not sounds sinister to anyone else? Growth and production comes from saving and investment. Not mindless consumption. And this guy wants to close the income inequality gap. How naive..
@Dpaq13
4 жыл бұрын
I believed he's saying once people have enough savings and investments they can spend more. I agree skipping over savings right to spending is not healthy in and of itself.
@rhythmandacoustics
4 жыл бұрын
Usually yeah savings do drive growth but these days credit creates growth.
@biggusriggus7150
3 жыл бұрын
Exactly mate. Low interest rates make “buying” cheaper than ever - leading to nonproductive activity. Can’t spend your way out of something like that.
@joewilliams1358
4 жыл бұрын
The notion that deflation pressure (debt, tech, excess supply) is outweighing inflation pressures (credit creation, geopolitics, wage growth - China, environmental destruction burden/tax) is hilarious. People spend their money on 1) rent/mortgage, 2) utilities, 3) food, 4) assets, 5) experiences, 6) discretionary. Businesses are the customers of Tech, the consumer is the product (hence why its 'free').
@chrismcardle5137
4 жыл бұрын
There is no analysis whatsoever here, just a narrative, and one that is rather bizarrely disconnected from reality. The rise in asset prices is not due to a broad based move to savings, it reflects a system that is rigged to flow productivity gains to financial assets, and those are massively concentrated in a tiny and shrinking number of hands. Further, what drives the business cycle is debt, and household debt has been expanding. Both of those foregoing facts correspond with the fact that for the vast majority of people, wages have been essentially flat for 40 years. One cannot even unpack the garble about the fed and money printing is somehow fueling a deflationary supercycle. That is utter gibberish, particularly when he's saying in the next breath that the UBI is a potential solution. The UBI is literally congress telling the Fed to "print money" and give it to people. Speaking of UBI, Chamath's take on UBI - that why it is intriguing is because we should be trying to juice consumer spending - is unsurprisingly wildly distorted from what that policy proposal is intended to accomplish (never mind the fact, by the way, there are problems not worth going into here with the UBI as a policy). Chamath is genuinely inspiring when he talks about committing to solving the hard problems we face, rather than focusing on getting rich off some new technological bauble; that makes this mish mash of nonsense borderline disturbing to listen to. One hopes he isn't becoming just another rich guy who thinks he's got all the answers and has wrapped his head around every subject (because, rich), but it sure looks that way here. www.newyorkfed.org/microeconomics/hhdc.html
@dlk4996
4 жыл бұрын
Could you do an Interview with Charles Hoskinson ?
@hantusmostert
3 жыл бұрын
who will store fresh water underground. It's going to be scarce
@MG2.5.4.
4 жыл бұрын
1. Create a business (problem) and get rich while doing it. 2. Exit that business and realize gains. 3. Start poiting fingers at the business you just got out of and make it a governmental problem. 4. Invest in a new emerging (unnecessary business) 5. Ask the government to fix the problem you initially created by spending money for the benefit of your new business. Repeat....and repeat...and repeat. Being born poor doesn’t mean you understand being poor. These people (in essence very smart psychopath that are also narcissistic) should not be allowed to have a say on how the world should change. We should ask those hundreds of millions that live with less than 2 dollars a day instead. Not going to happen unfortunately. They are just afraid the pitchforks are coming at them soon. They have no interest in fundamental change. It is all just a PR exercise.
@smotretvseru
4 жыл бұрын
The definition of business - is solving problems, nobody will buy anything from you if you creating problems for your customers more than you solving them. And there are no unnecessary functioning businesses - if you have customers, than someone needs you. That`s why 99% of businesses closed very quickly - they were unnecessary for people. If you want to call business a problem you have to explain your logic.
@broccolifarts4531
3 жыл бұрын
13:13 He talks as if he thinks it's not contrived.
@mlayton1904
4 жыл бұрын
Anthony is out of his league. Way, way out.
@JourneysTravels
4 жыл бұрын
Interviewer needs to shut up so the featured guest can talk… Big ego
@AhsanY2K
4 жыл бұрын
can you fucking stop. They are time-boxed to 40mins
@surendrashekhawat4155
4 жыл бұрын
Ego is the enemy.
@choski76
4 жыл бұрын
chamath had a list of things to change, education being number one. we never got to hear the rest. he has a list and it's probably an important list of ideas.
@edkalski4530
4 жыл бұрын
I didn't think the American people have been savers. The money ended up going into Wall Street. That is why the market went up so much over the last decade.
@kc6071
4 жыл бұрын
exactly we need spenders
@grizzlymartin1
4 жыл бұрын
@33:30 the “answer” is simple: Make “it” not matter. And you/he described this already: publicly funded lifelong universal education. Just like Ray Dalio says “...a basic you can’t fall below...” When “the people” have what they need, the needless disappears. Why? Because it’s NOT NEEDED!
@indieguy103
3 жыл бұрын
Nice the anchor found a potato to film his bit with
@ntmg90
4 жыл бұрын
I respect the opinion, but I have to disagree, the Economy must change the purpose, to save more, less economic activity and make this planet live longer, otherwise, 200 or 300 years for now, our future generations will be facing an problem worst than Covid19, because our notion of economy is to increase money velocity, which translates of more good and services are bought, more resources are wasted. I agree with UBI, not for the reasons that he presented, but for the human kind afford to live with the basic needs.
@shirandesilva68
4 жыл бұрын
Human beings are ill, only because they do not know how to be still, we are still evolving creatures yet to civilise why? as long as there is poverty hunger famine starvation rationing war police military we are far from being conscious. We still have to remember there are 7.4 Billions unknown possibilities or 7.4 billion unknown problems it is down to everyone of us to become conscious and create a way values that can sustain how we are going to live the next one day. It is a nice place to sit at a high pole and see everyone bellow. What really matters is the earth that is going to support us all. Do we have enough water enough clean air clean enough land to grow food that can provide health without a pill ventilator drug. Most important question have to got the education in line with current values not the historic values, Politics current values. Have we produced healthy enough children or are they fit to exist and intelligent enough to exist the next challenge? or will they need tablet glass of wine or some other supplement to keep their mental atrribuites fully alert> If you are looking for a world with pleasantness in you have you provided the kids and created a environment that those kids can feel sense touch smell hear pleasantness?
@ralphschraven339
4 жыл бұрын
I understand what you're saying literally but I have absolutely no idea how you would relate this to anything that any person can tangibly change. Pills bad, education bad, society change fast, must adapt, otherwise bad. It's sort of an essay that hinges on incoherent verbal diarrhea if I may be so frank.
@troyhampton5339
4 жыл бұрын
🙄
@mattb6646
3 жыл бұрын
Oh boy I can't wait until we only have one "choice" for a type of politician, democrat or democrat... fuck that. Bad enough we only have 2 "choices" right now. Maybe guys with money should stop trying to bend the world to their will
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