E41: Vaccine policy, Big Tech, DeepMind's latest breakthrough, wealth creation, opportunity & more
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Exacts, I am going to give you a thousand dollars each to the charity of your choice for every correct answer. ket. Ten thousand.

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Hey, everybody, hey everybody, welcome to your favorite podcast, the all in podcast. We talk about the economy, technology, politics and more. Basically anything that's in the news with us today.

I get the queen of kin wa himself, David fried burg, Harry doing David. I'm hanging in there today. Are people are looking for the dog.

Where's the dog? marti? He's sitting .

here on the four. Marty, come on, come, come. And from a random pala ACE somewhere in the world, the dict himself, to moh Polly hopital how you do and see.

uh, i'm doing great you do I got another dog up .

while you're italy.

Uh I went to um the breeder that I got ockrent from and SHE had a three year old that was not really you know ever gna become breeding dog whatever. So I adopted the three year old old, he has a parasite, so he's been pulling everywhere, everywhere.

That's a great information for the call over the all over the cases, all over the castle.

Fantastic liquid pop, by the way. Uh but we finally diagnosed that today and he's going to the to the vet um to get some liquids and to get the parasite expunged from his body.

Ah okay, thank you for that information. I don't know what is you. Nobody cares.

And I have see how you were doing. I thought you were just going to say, great. I didn't know we were going to go straight .

to the we're got a new dog too. You did. And it's also it's been kind of a disaster.

The kids were liked that we found this like new golden that is really calm you know like she's just super low energy and comes like perfect for us, am I? I don't know. I think that is like the puppies kind of asleep.

You know, like it's going to wake up there, you know, no, this is like a special dog. It's like, really, well, well, so anyway, we get IT sure enough, like a week later, the puppy wakes up and she's eating everything in the house, destroying everything. It's a so now where where is .

that dog number two or three for you?

It's dog two with the for dog one was a rescue dog who's gray. So dog number two is now .

getting trained, David, sexes with us, of course, the rain man himself. And in related dog stories, ah, I put all the girls to bed, and then I hear screaming. I get up.

I run outside. Literally, the new bulldog, who is nine metal maximum, went on. You know, one of his running fits.

One of my daughters falls at a bed, gets like a Bruce on her, like lower back, and she's whaling. The other daughter feels terrible about IT. And then the dog decides that he is going to projectile vomit everywhere all at the same time. You guys have had, these moments were like, it's just complete our .

k 鸭子 OS K S chaos。

It's K S dog plus kids equals chaos, chaos.

So, but would any of us have in any other way? I love the combo of dogs and kids. It's just the best class.

Dogs are amazing.

and kids, especially when you bring in a new dog or a pup into the house, it's chaos, but it's a really beautiful chaos.

Well, you know what I think also is, like, think about how overrated everything in life is. Like all my god, this place with the post in italy is the greatest life changing being. And all this movie was incredible.

It's the best movie ever made, and it's never the best movie ever made. All the best possible. It's great or whatever. But I think kids and dogs are underrated univerSally. I have as many .

kids as you can possibly biologically have and can economically. Effort is one opinion. And uh, the more dogs are Better.

I love dogs. Yeah all right. Um I think we should start with the cover cases because this is impacting everything from the economy to people's decisions, touching on people's freedoms.

And it's hard to know where to start here, but I think facts are always a good place to start here. In the united states, we have gotten covey cases to that twelve thousand a day average. I was pretty amazing and I looked like I was going to go straight down smooth selling um and we had had deaths down and around.

Uh I saw some seven day averages where we were one hundred fifty, two hundred. Now the weekends are kind of weird um in terms of reporting, but the seven day average today is at two hundred forty eight and in other words, it's been flat for a month. When you do this, sign this according to the new york time statistics and google, you can search for google and and you'll find these have some great data that we'll just put right in the search result.

However, cases have gone from this twelve fifteen K A day average soaring in just thirty days to sixty two thousand a day and a seven day average of forty thousand. So we're basically tripled the number of cases. Cases trial traditionally debts by something in the neighborhood of ten days.

Uh, I think i'm correct. freedoms. G, so what do you think is actually going to happen here? We're we're going to get up to ten, one hundred thousand, two hundred thousand cases a day and maybe double the number of debt from the people .

who are not accent ated yeah you know the current logic on this is that there will be um because of the number of people that are generally infected and are spreading what is now even more infectious variant of covered the people that are not acco ated are um starting to get a higher rate and that's where the debts are starting to come from so um yeah we will see death climb.

And I think like we talked about last time, we're starting to see even gave in an interview after day in california talking about how you know there is on the table that we may go back to certain restrictions, uh, behavioral restrictions, mah media. So there's gonna be a set of reactions. And I think as we talked about last time, we saw the market start to react to the potential of that on monday.

Uh and then very interestingly, kind of reverse course tuesday and everything came back whenever is freak out on monday after they saw the weekends data which showed the cases are climbing like crazy. The U. S. But I think the conventional al wisdom is not that many people are going to die.

Therefore we're not going to see, you know uh political leaders, uh force restrictions that are kind of uh gna damage the economy and gonna start to walk what I think israel's calling the gold online, which is balancing the economy with the the help of the citizens. Y so um so you know what we'll see um it's gna come down to policy. But I think from a death perspective there will absolutely be rise in debt now as unvaccinated people are the going to be the balls debt. And this thing is spreading again among the people that .

haven't been vaccinated. And then fact, this becomes now a great russia test of what do you see, uh, in this data and in this moment, because it's a pandemic, as many people are saying now, think this is becoming the me or the catrice, it's a pandemic of the unvaccinated. So people have chosen to opt in to this pandemic, and then a group of us have chosen to not be part of that.

You were part of IT, even as a accent ated person, but you're feeling great. You're back to a hundred percent. So what do you think should happen in terms of closings or shut downs or mask Mandates, which you take on the pandemic of the unvaccinated?

Well, I think we need to differentiate between uh, public policy and private behavior. So ah after last weeks episode where I said delt version real, this can be a huge Spike cases. Unfortunately, I thought we had this thing wiped you know a few weeks ago.

Now I think the data showing something different there is a lot of common or saying sex you've turned you've been blue pilled. No, I think there's a difference between acknowledge ing was going on and then having the the policy conversation around IT. I think the difference now from last year, I mean, there's a couple of things.

One is that we do have vaccines. So I think for most people, getting vaccinated will take the worst risk off the table. The other is we know so much more about what works and what doesn't work.

And so lockdowns don't work if, you know, if they ever did they. We now know, looking at from what different states did last year, that they don't make a difference. There's no reason to go back to that policy. But also, I mean, I would even say on .

mass IT should be, do we know that? I I so sure of that.

Yeah, I think so because the thing that the government planners never taken into account is that privates citizens are going to adjust their behavior in both directions. So in florida, they didn't have Mandates, but people are at race, took, you know, extreme precautions. They would either lock them so down, or be based facilities about wearing a high quality mask.

By contrast, in california, we had the most severe lockdowns, but they were never really feasible. So there's ten pages of exceptions. People didn't really abide by them.

And then on top of IT, you know, you have all these mass man dates, but if somebody works like a sock loosely, a fixed to their face, does that really protect them? You know so you know people if they are if they're not interested in complained with these Mandates, they do have hearted way. I'm not convinced that the Mandates work in the first place.

Um so the smart thing to do here is just to have recommendations and let private citizens decide what their responses gonna be. We know now so much more about the risk that we all face then we did a year ago, and so just let private citizens decide. I may not even say on on vaccines. I i'm pro vx. I don't really understand where the anti vax people are coming from, but i'm kind of done wasting my breath try to convince people to get vacated on this show who don't want to get accepted, you know, if they don't want to send those doses to the helping world where they're gesture .

for them only as future of you. You agree with taxes position that less, and citizens are just going to have to make their own decision here. Leave everything open and let's not have the economy collapse again. And people, people are smart enough to make their own decision. And is this framing of this is a pandemic of the unvaccinated the correct framing?

Well, I am really of two minds there. There is the part of me that says that um you have to give people the right to make their own decision. The problem is that in this pacific case there's so much transmissible and um as a result of that, how this thing can mute that I think that public health has to take a priority um over any individual. Individuals rights in in this very specific narrow, narrow case because .

the delta variant is so transship transmits simple people are going to have to lose some freedoms, is one of those showing a vaccine quire. When you go to uh.

when we need that, you wouldn't need that if everybody was vaccinated or you have to go through a lot of hops to be unvaccinated as an example. I mean and and the reason is because the longer you allow distinct to float around in the petry dish of the unvaccinated, you're increasing everybody's risk and is where I think individual freedoms, as long as as a trample on collective freedom, then I think live and let live.

But I think on this specific issue, uh, I think that it's it's it's unconscionable to be in a situation where um we are fighting basically a time function where at a certain amount of time, you're going to have a variant that that is you know basically will overcome all the vaccines we have, will uh kill enormous numbers of people, including the vaccinated, will literally shut the economy down. And that's a probabilistic event now. And I don't like the fact that i'm suspected to that because of a bunch of people who Frankly, aren't doing IT for medical or religious reasons, they're just watching fox news and just spouting off.

I agree that we're at risk there, but we're also at risk from a vaccine to people in the rest of the world. So delt very came from india. The lamed very, and I think the wrong came from perou.

I mean, the fact the matter is unvaccinated people everywhere, our potential petridis is for the virus. So i'd rather I an this is why we need to send those unused doses that, by the way, or at risk of expiring, we know. I mean, there was A A tweet about this recently.

There's huge stockpiles of accent in the U. S. Are going to waste right now. We should ship those anywhere in the world .

that people are ready to actually to mexico, in canada. In canada. I think this month going, even though we go out off to a massive head start going to, uh, clips us in terms of the percentage vacation.

Let me ask IT more pointed tly, should a should teachers be public school teachers be forced to be vaccinated? Should you be forced to have a vaccine card to get on public transportation airplanes or you know take buses, no longer all buses, a long hall trains ah and then third, should you be forced to show a vaccine card to get on to go to sporting events or concerts, let's go through those three so your personal freedom ends. You're going to be forced if to having you want .

to participate in a public construct, you want to consume a public resource. Or if you, anna, provide a publicly funded good, then it's the broader publication ghz that um are superior to your individual rights. Otherwise, work at a charter school where it's not required, watch the fucking in concert from home or drive your car, use a bicycle or take a uber the end.

So yeah, do you think and that framework.

So I I understand that argument. I would a differentiate between public and private requirements because I I don't like the idea giving government the power to force ably stick a needle in your ARM um so much said you can .

stay home where you can take your .

bicycle reasonable .

that you don't get to go to a warrior game because you're unvaccinated.

I I think you know that the world stadium is is privately I owned the team is private. So I think that I think that private company should be able to set up their own rules for the benefit their employees.

And about ines because that is O K, is there's a limited number of them.

Yeah, I think so lies .

should be able to force IT. Now what about .

school teachers? They they force, but they can set the requirements for you to board their planes.

And what about public schools? should. If so, lets do teachers and students. Should teachers be forced to get a vaccine if they want to come in, said if they want to work unions was .

that they wanted to be at the front of the line for accent es, which is an initial anymore because we have so many. So I don't think that's a serious now now requiring the kids to have vacation ated is um that that would be the real policy .

question and the tack should feature be forced to get the vaccine yes or no?

You just kind of brushed over yeah you put for force no. I mean, I think it's important just just you know pinpoint like forcing teachers to get vaccinated in order to you know work at the school. I just want to to highlight the president is that right? Which is um know you just said you don't want the government to tell people that they have to go get a shot in the ARM. If someone has A A personal choice that they don't want to get that shot, does that mean mean that they you know should lose their job as a public servant?

I am I am saying that I look.

you said it's not a big deal, but like if there's one or two teachers that say, you know what, that is a big deal to me. I different. I ve set a reason .

why I don't want to get shot. I I think those teacher, is that an assumption of risk? I mean, if they've decided they're going to assume the risk, you don't come crying to us when .

they get sick. You know that was a great vector exposure of a in all .

of these situations. There's an always a very um obvious and justifiable exception for religious and medical reasons to not be vaccinated, not just for this but for anything else. So I struggle to understand why all of a sudden people who don't have a fucking clue about science or all of a sudden these armchair scientists who can judge whether or not a vaccine is appropriate for them, where they probably already gave vaccines of all other kinds to their kids and themselves. They probably take all other kinds of advice from doctors. But on this one specific issue, they narrow ly say, you know what, i'm an expert enough, because i'm watching this television show i've made a decision that to me makes no sense.

Yeah look I I actually agree with you. I'm in the camp of um that everybody boring. Some you know um highly specific medical condition that render you and eligible should be getting vaccinated. So I agree with you about what the right answer is, but I do think that when IT comes to government, it's it's a more complicated question about how much power you give to government to force people to engage in, you know, behavior that I want to engaging. Can you a question private organza are they agree .

on private organza, but we do have to make some decisions on public transportation tion, and we do have to make decisions about teachers and we're going to have to make decisions on students.

So um could you bench the teachers, uh who or or otherwise penalised them who are not vaccinated? You know there are sometimes where you know a cup or a teacher is put in a you know not in the classroom, not on the beat for whatever reasons, sometimes disciplinary but for other reasons. Could you just say, listen, if you're not going to vaccinated, you're going to not be in the classroom. You not going to, you'll be a remote teacher. And we're gonna create two classes here.

I I don't think there are many teachers who don't get vaccinated. But but I look, I think the virus is everywhere now, a system demise. And so to single out like one particular group and set down on your opinion.

So you're saying teacher should not be forced.

I'm saying that I mean, if they work in a private school, the prime school could definitely .

require IT public only. Now we all it's a really complicated a question .

because I think there are clear public benefits to everyone getting vaccinated by also don't really like empower ing government to force you because look, it's like everything else. The government may be right in this particular case, but what else is going to do with that power? And you know, I don't like giving government that power.

So look, is a complicated question. I don't you know it's not I I would probably air on the side of not letting government force people to do IT. But but I bit luck. I think it's a close call. I do think it's a close call.

Trouth force the teachers to have accident or not?

yes. And the reason is because these kids are already being left behind even when school is functioning Normally. And you can see that in the test cores you consider in our readiness, you can see in our ability to uh actually do the jobs that are required.

Um we are not doing what we need to do as IT is in the absence of a pandemic. And now you introduce a reason for folks to basically check out and not appear. And what do you guys guess how how many years were lost in these fifteen months when kids were at home? I would say not fifteen months. No, it's more two years, two and half years.

three years to the academy story, depending on what grade they are. What did your kids miss graduation that they missing your prom? They miss their S A T I M.

Wouldn't they miss in terms? Yeah I think is a good point, which is that if that that when government is the employer requiring IT on their employees because IT leads to Better outcomes for that institution, that is a little different than government just Mandating that you jesica canos private citizens have to go get a shot in your ARM, right? I mean, so there is a slight difference, like military for instance, right? The military probably once a vaccine, everybody so that if they need to be ready for a combat situation, they're not like incapacitated by an outbreak of covert right.

So I think there we're getting into shades of grey here from a public policy perspective. You I don't want uh teachers missing school because you know for weeks at time because they didn't do the obvious ously in cove vaccine. So look, I think there are some really good polite policy arguments there but I think again, the the one place right to say government is clearly overstepping as if they just said, listen u private citizen, not an employee, the government has to go get vaccinated as much as I would like everyone to do get vacated. I don't want to give government .

that kind of power present, biden could legally require military members to give accent ated, but so far he has declined to do so. July ninth, new york times, freeburg, where do you stand on this? Trios says he's all in your teacher.

You have accelerated end. Sax is kind of close, but is a little concerned. What do you say friday?

I mean, another way to frame IT is that there is a new qualification for a job like, you know, this qualification to be in the military. You have have certain physical capabilities. Jason, I don't know if you would qualify. I don't think guy would. I think I can do like .

for total different reasons, your inability to .

fight or throw a punch would be, no, maybe J, K, L could eat the enemy.

Just me. I would be .

great in the military cooking.

Private joke private A I think the reason the sensitivity .

to IT is because there are existing teachers in jobs and then you're telling them that in order to keep your job, you have to go get a vaccine. Now if if we were to have zero teachers today, and we were starting a public school system from scratch, and you said, here's one of the qualifying criterion to be to a school teacher, you have to have an education degree. You have to have maybe a masters degree education.

You have to have appropriate qualifications and training and certification. Oh, and by the way, you also have to have a vaccine. If that becomes the criteria. I think people find IT less offensive. It's the fact that we are now saying that there are people that are being told that you have to go get a shot in order to keep your job um and that's the complicating thing that I think people are trying to way through. I don't think I I don't think that if you were to say, like, look, it's obvious that the qualifying criteria to be in the military, you have to be able to run and do push up or or whatever the cricket might be um but if you impose that on people that were already in the military, then you're gona kick a bunch of a amount. People would be up in arms about .

IT if you have A D M. I recall.

Yes and that's the concern. I think that arises with you imposing these kind of um you a personal body uh uh crate ia uh upon you know specific jobs when people are already employed in that job. Um and there there's absolutely no answer, right? Like if you're gonna do IT, you're going to a have incredible backlash in trouble, in pain. Um and if you were not in a circumstances we can build these organizations and these institutions from scratch.

Look, there's a lot of um social issues where particularly on the liberal side, people do not want the government uh, prohibiting them from getting certain medical procedures right. Well um you know I say it's even more in this talking .

about people transitioning or .

know or the issue of abortion. You know very happy social issues with people are saying the government should not have the right to legislate what happens with, what happens with, what happens with my body, right? Well, force a giving government the power to forcibly inject you with something is, you know, that is that is invasive. And so I do think there are like rights implications to that.

But I want to be very clear, if you want the services that are offered to you by the collective whole, if you want to consume and be a net drag on the resources that we share, then you need to sign up for the contact that we all sign up for. That's that's my overarching argument. The thing with abortion were am.

On the other side of the issue, just to be very clear, is like IT is a woman's body. I don't think I have any right to what he does. I don't understand what he goes through.

I don't understand what situation she's in. I don't think I have the judgment to do that. I should be put back on her and her decision to Carry or not baby doesn't theoretically come with a probabilistic c chance that I may die. IT does not right.

But when you .

choose not get accent ated to a highly transmissible respiratory disease that could kill me or you, yeah.

i'm not saying that I have to say.

but I do think I should have to say here that all of something going to consume the same that I consume where i've signed up to that contact for public health .

based on all this. Here's where I come to, what if we gave teachers and offer rap? Listen, if you um you you need to be vaccinated to be in the classroom.

If not, you're going to get a one year e out or whatever, one month or two months for every year of service. If you've been with us for twenty years, you can get two months a day and or you can say if the virus is spreading at under this rate. In other words, you know we've got under one percent of the population infected or whatever the the criterias, then you can come to work in the classroom. But if this thing is spreading, you're out and that's IT and there's an offer and peer to to save this .

point OK unless there's a narrow like look like I do think you can be a conch of objective for legitimate ons. Again, like we we have with these very specific definitions for religious or for health specific reasons that you that you don't get vaccinated, I think they should be respected. It's not that cohorn people were talking about is everybody else that right now wants to not think for themselves and as a result, put everybody else and themselves in danger yeah .

I think the most compelling part of your argument, moths, is that is the health extract, right that that that each person's decision does have an impact on whether they could be transmitting, you know, multiplicity, contagious particles. And this is why I was in favor of a mass Mandate at the begin. The pandemic is is not just an individual decision. Your your choice actually does affect whether other people get sick. So you know, this is why I just .

went very yes, exactly potentially .

high benefit were very cost, I think weren't. But the thing that maybe I did initially taken into consideration is know people complied in such a half hearted way. I mean, I do you think the mass makes a difference if it's an eighty five quality mask that you put on correctly, right? But when people to strap a socks to their face is loosely fitting and then you don't give a shit, I mean, does that really make a difference? I mean.

i'm very scupper let me ask your question sex and then we were free, broken. Then we will flip to the next topic. If we were on our third pandemic, let's go for bit. A second pandemic starts a totally different one, you know, ebola type or something. And we're on the fifth variant and people are dying at a higher rate to your calculus change sex.

The the downsides that the cost of you know not not imposing those more restrictive regulations goes up considerably. I mean, definitely my thinking today is highly influenced by the fact that, that if you're vacated, you're call IT ninety five percent likely to be taking the most deadly or serious risk off the table. And so the people who are choosing not get vicinity are essentially assuming the risk. You it's it's like smoking in a way where when I made the movie for smoking, Christopher kley told me his author the book and he said, look, there's something unique ly american about defending people's right to do something that's manifestly harmful, right you the main character and thinking for smoking is a spokesman for big tobacco and he's engaging and political spin but his argument is, look, people have the right to engage in this behavior even if IT is note, be harmful to them. Maybe amErica is only placed in the world where people buy into arguments like that but I do um I you know look that is that is um that's freedom is laying you'll do stupid things you know and and so we have to weigh the benefits of of freedom against the against the cost and by the way.

sorry, can I just say something um smoking is a perfect example because as you know there is now A A non trivial amount of law around the liability related to individuals that enabled a second and smoke, both the smoker but also other things condo boards, other places where all of a sudden you didn't choose the fucking have tarr and naked teen bar.

Ten years my dad worked in bars where a people IT was a cloud of ske for thirty years, thirty years, right? They told him he was essentially a song.

not the detrimental activity of the time. Remember, we've socialized the cost of treatment for people uh, through public health systems. And because of that, it's not just an individual choice. If there is a socialized cost for everyone that's now got to paid the Price.

But the government is so omi present all of our lives, there is always going to be a social cost to any bad choice people make. And to mos point, I mean, everybody uses government services to some degree, so that alone can be the reason. I do agree that no.

but behavior. David, what about people speeding on highways at one hundred twenty .

five miles an hour? I O, O, I think I think math is right that the smoking example is a good one. We do regulate second smoke because there's an external ality, there's a health externality, everybody else if you smoke in a public place.

And so we restrict that. But we don't make smoking illegal. We don't stop you from doing IT in your own homes in private places. And the argument is, listen, if you want to do something that's harmful primarily to you, that your choices in american, you know, and I know people, a lot of people don't like that actually. This is, I posted a tweet that .

I got because an opinion is wrong doesn't mean IT should be censored. Just because the behavior is harmful, does that mean IT should be prohibited? Just because something is beneficial, does that mean IT should be required? right? It's a completely reasonable tweet.

Yeah I thought that was a pretty offensive energy tweet just um reminding people that just because again something is positive doesn't mean you force people to do in this because some behavior is harmful you you don't ban IT. I think smoking is A A great example of that right we let people engage your behavior that's harmful to them because freedom is a value internet of itself. Um for this I was attacked as a selfish assess um by the other pod and I really can personal .

and professor call tex .

professor what .

call takes that literally made of an index of all .

of professor gees you know takes that maces would be incredible and amazon a loses its money and ya ta he's kind of obsess with youtube. Mh ah who just got to show cancel on blue bar but they were a little care whisker was called sax and assad tiger was .

bizarre that they would get so triggered by this indefensible tweet. But I think what you see here is an example of the way that the woke mind thinks.

which is, I don't is wall.

are you Carry me? He is like, she's like the madam. Do far to .

the work .

revolution, which was this character in the french revolution who had knitted the names of the next person to be guillotined and know one of the the, the leaders of the sense q loss. No, look, care is constantly jining up the mob to try, you know.

guiltiness non what person you .

trying to .

curry favor with got the .

effect.

So we're all .

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What's your other choice being a winner on the sidelines?

What we have said on the show is that we have a moral imperative to to get back to Normal, do we not? That is what we've said. And for that, you you basically saying that, that is a lathom's covered position, right? That we are basically we don't care if you will get sick die because a coffee that's not true, you know.

we just have about here. I think we should make people get vaccine.

You're pretty close to getting people vaccinated. I ask you, zx, if there were three more variants and this was an acute situation you said you would force.

or if you had, if we had A A variant of covet that was as dead as ebola and as transmissible as delt veran IT want percent changes the game. There's no .

question about willing to change the government's ability to put .

a shot based on it's A A yes, it's a benefit. And but look, I give freedom a lot of weight and part of my calculation is the fact that I can get vaccine to take to most likely take the most serious risk off the table. So while I I am impacted to some degree by other people's choices, I much less impacted now that .

we but you about this, I still have a problem with the way you're thinking about this because you're using you're reviewing this as a Linda problem. This thing is transmuting.

And so I know your math, but there are still billions of people all over the world who are unvaccinated and will be Better off focusing on getting them a martial plan for the vaccines. All these unused doses were wasting our breath in the united states trying to get these vaccine. Has a ten or anti vacation people to get vaccine.

Did you guys see that? Um uh a manual of france, uh you know basically title gold's restrictions around access to public places, uh going into bars and cafes. They are basically put all these rules in place that you have to be vaccinated.

You did IT in a public address. Ss, on T, V, twenty two million people watch. yes.

And then after he did this, suddenly the vaccination sign ups went up to, like twenty thousand a minute. They got four million people sign up to get vaccinated. You to get.

go to the cafe. I mean, in france, what's the point of being alive?

And then let me throw what blanket on a, the framing of this, on whether all of this talk about forcing vaccinations even make sensor as possible. I have been collect three events over the last mother, two, where I was required to be vaccinated. And I literally just took a photo of this index card that I got from this person and sent IT to them, which I could go make a kingo's or I could print at home.

So I, my point is I don't think that there's not a great digital system today to enable the level of that we're actually talking about. How are you actually gonna that people go to the warriors game are actually vacation mated? How are you actually gonna?

They did did that matters is work. And they they literally had you pull out your and they match your name to your vx card. And I think printing out of vx card and faking a kind of fine could be a ten thousand dollar fine. And so you would do you like anything else? You could make a bogus drivers .

like it's not digital, right? There's no there's no kind of centralized system where we know who's actually been vaccinated, who's not. So so much of this is just just like analog paper trail thing of like here's a piece of paper that has unvaccinated.

I think that you're you're never gonna really close the whole I misting. Now you certainly will see the sort of psychological behavior that they saw on france, which is you just announced to the restrictions. You announced these rules. Everyone signs up for some number of people will sign up. But you know i'm not sure this actually ends up becoming this truly enforceable mechanism behavior in society uh, over the next, uh, a short while me maybe over time we digitize all this stuff that will say.

yeah the best case area is that because delta so transmissible, we get to hurt community because all the people who didn't get vaccinated just get IT and get the natural .

and body we that we have. Sixty percent of adults in the united states have had one shot or more, which is why debt probably aren't going up because that's like seventy five percent in people over sixty eighty. So freeburg in your estimation, as our science guy with what we have, like, thirty million people who have been infected, uh, that we know of, you ve got a trip of that number, right? Because these people who we don't know, and then you have sixty five, you have sixty percent, so we gotto be in the range of seventy percent have been exposed or been vaccinated. So what when does IT kick in or are we experiencing, you know, um heard community right now .

with these low debt? Um we talk about this before but there are um you know there's a spectrum of infection, right you can have viral replication happening in your body and then your body cleared out the virus before you even know because you ve got an of fancy bodies to that particular strain of variable, a virus before your body even you know you start to feel symptoms and there are cases where the virus kind of replicated in an uncontrolled way for a period of time and you have incredibly bad symptoms and you have information, all the stuff that follows um and so you know in terms of uh how you measure this stuff, it's really difficult to say that you're gona stop all viral replication by getting a certain number of people to be to have been exposed as we've seen, even when you have a broad and diverse anti body um pull in your body because you've been exposed to a vaccine, we are still seeing that some of these variants can break through for some period of time because there's not enough of the anti bodies that can actually buy to that specific variant.

And so the rate of transformation slows, the rate of, uh, severe infection goes weight and so on. So it's not as binary as, hey, we hit heard community and now were done IT IT. Seems this is, you know, as we talked about earlier and as I think everyone is coming to terms, this is gone to be an endemic virus. And that means that it's going to be circulating in the population in the modest way, causing sometimes severe, sometimes you know, modest outbreaks for likely a very long time, no matter how many people get IT, no matter how many people get vacation.

because you have one level, should we ignore IT? At what level should we just say, listen, that is the steady state. How many cases a day, how many death a day, do you think is the steady state that we should just say we just go to work and ignore IT?

I am a brutal, cold hearted liberata on this point and I have we first talked about this last year. I've always been of the mind that we need to baLance the um the follow on life effect and from the economic fallout associated with making certain behavioral changes and restrictions relative to the actual loss of life. right? So you can never go.

I I I really think this point about zero oh ism, and this term about zero ism is an important one. You can never get to zero cases. What is the acceptable number of cases and what is the cost to keep that case low down? The baLance of those who is a very difficult leadership decision.

put a number on IT.

It's about saving lives, right? So like there are a certain number of people whose lives are going to be ruined, who are, some of them will commit suicide. Some of them will. What is the economic cost of that first? Is the economic cost of the loss of life first.

The same is what is the number we had an average of two hundred fifty death, two hundred fifty thousand cases, known cases a day at the peak. We had an a peak depth of forty, one hundred hundred day. We are now at two hundred people dying a day.

And you know, thirty thousand cases. Is there a number at which you say, let's just focus on getting back to work? And is that number where we are now trying to get again.

I wouldn't simplify IT to those data points. What I would do simplify, I would look at, you know, at what age of people dying, how many life fears are we losing and how can we address the acute populations that are at risk, the acute populations that are Better potentially going to be exposed, manage those populations differently than you manage, the broader population that has a lower likelihood of of death and a lower likelihood atal.

And the restrictions that you then impose to, you know start to manage, uh, the risk of the exposure to different populations gets weight against the saving of life and the loss of life in both circumstances. So it's it's not easy, right? I never one wants to some this holding up to how many death of days appropriate. That's not the right answer, right?

What you're saying, how many that .

part of IT is so obvious, right? That and we should have known this last summer, the obvious part being that what you want to do is focus your prevention on the part of the population that's the most at risk. And what do we do with lockdowns? We literally locked down the entire population.

Every business IT was completely insane. We should have focused IT on protecting the most out rss populations, isolated the sick or the people at greatest risk. Not everybody was just insane. And I think I can't believe we're still having that conversation .

a year later. Can I before we move on to the next topic, I can I read the best? Can I read the best, best comment from sexes? tweet.

So sexy tweet, because an opinion is wrong, doesn't mean that should be censored. Just because the behavior harmful doesn't mean that should be prohibited. Just because something is beneficial doesn't mean that should be required. The best response goes to distantly social rumpole, whose full name is at vender shirk, who said, this message brought to you by the generic self serving platter tude to the, we now return you to your regularly scheduled episode of the blind soap Opera with the plum sisters.

Well, yeah, I look, there's an element of truth to that, which is I almost in tweeted as I thought I was too much of a platte tude, but the fact that people on the other side got so triggered by IT shows why IT was actually useful to tweet. That is, they think that if you're calling for any modicum of freedom or return to Normal, you're basically a selfish as sell. I mean, it's insane. I mean, they want to stay in this world of zero. Is cove restrictions forever?

We a ve on five minutes to covers. I think if this is in the influence of plus or minus one hundred percent zone. We got ta pick a number where we decide we're moving forward as a society.

And you know local communities can make decisions if they have outbreak. But I kind of think if this is within you know two x of our yearly deaths from you, influenza, just a Normal cold, I think we move forward as best we can. Do we want to go to china, cuba?

I think just go a quick before we move away from this. I really wanted just highlight the deep mind announcement from this morning because I think it's actually quite the tracking of variance and what's been going on OK. So this morning, you know deep mind which publish, uh, alphago ld, we talked about this a few a mind .

on by google.

It's A A I ARM. It's it's an A I R M owned google. And they they basically took protein structure and uh, try to predict what a protein looks like physically as a function of, uh, the D N A R R N A that codes the amino acid that make up the protein.

And so again, like when you have a string of amino acid, they they combine and they fold into a way that's really hard to predict, and that's the shape of the molecule that we call the protein. And then that does something in the and historical. We've had very hard time understanding how genetic code translate into physical structure of protein, which would allow us to predict what that protein can then do in the body. So the morning deep mind incredibly published a data abase would be predicted structure of every protein in the human body. And in ten other species, using this this capability that they now have.

what does that .

mean in english? And so you know what this means is we now have A A physical model of every protein that human DNA can make. Um and that model would allow us to basically now predict what that does, how IT does IT and how certain drugs can bind to those proteins and how certain drugs can affect those proteins and how we can alter human health by um uh making uh new molecules or adJusting the genetic code to change the shape of those proteins and specific and targeted ways. So it's an incredible data set that was just a published.

It's almost like, you know, releasing the rosette stone in my opinion, uh, in terms of we now have this ability to translate man genetic code into the physical form of the molecules that run our body and do things in our body. They did IT for ten other species and they said that they're going to publish this protein databases and scale IT for all other species of wife that we have the sort of data set around um for at which they expect will achieve over a hundred million unique proteins in the database over the coming months. Freely available and searched.

And let me just explain, I I know on a model lock here, so win the model. It's a it's a good one. But let me just explain why this is relevant.

The delta variant, what IT is, is you know the the SARS coffee to R N A sequences, about thirty thousand base pairs long, ten percent of those are about three thousand base pairs make up the spite protein which is the protein at the tip of virus that the current virus that gets into the cells and um you know for every ten people that are infected with corona virus, there's about one nuclear aside mutation. One of those base pairs changes and the virus of walls and we don't know how that change in the genetic code translate into a different structure of the protein. And so we suddenly discover empirically, and you know, by looking around sudenly, all these people are getting more infected than we're getting infected.

Before we look at the genetic code, where I go, here's the changes that happened. But we could have, with this capability from alcohol, predicted what changes make the spite protein do a Better job binding to human s two receptors on the cells and getting IT to cells. And what other changes could be made in the whole genome of the south kobe to virus that could cause this virus to be more transmitted ble and more deadly, all these sorts of factors, because we can now estimate the physical form of that protein by changing the base pair.

And so this tool that was released today, I think, highlights that over the next decade, these sorts of things that are going on with viruses mutating and various occurring um Better affecting our population can be Better estimated and track digitally and that gives us the ability to start to prepare tools and defense mechanisms against them uh with new drugs and new variant models and new um vaccines well ahead of the oh my god, we just got hit with a nuclear bomb. Let's clean up the best kind of in the future. So it's an exciting day, an exciting moment.

Would they have been released this, David, if IT hadn't been for cove IT coming out, do you think deep mind just pivoted their entire group up because they have about a thousand people, I understand. And by the way, they pay something in the order of six or seven hundred thousand a year on the average. And there are many people there who are getting paid millions of dollars a year. So just think about the scale of what google is spending on this because they shifted a large number of people to work on this.

You guys, because I have long the roots at google, and I will tell you that the value system of people know the present and the public think what they want, but I think that the value system of people there um drove them to realize the importance of this work they're doing with alcohol. And IT is important for humanity and IT is important for the health broadly of people.

They have kept IT all inside and used that to build therapeutic drug companies and make money from that. And I think the importance of this discovery in this capability um was um was realized and is published for that very reason. There's a lot of work that deep mind does to optimize ad targeting and ads pending and all the stuff.

And they make tens of billions of dollars of incremental revenue for google per year based on those capabilities. And then there are these things that benefit all of us. And by putting this out publicly, it's a great good for humanity.

And you know they're making a freely available and search able um and so I I don't think that covet kind of investigated this because theyve been working on this for very long time since before COVID. And this is a very hard bio ological problem that that is key of understanding biology and how biog works has been going on for decades. They've unlocked IT with software and they're making IT freely available. Um and you know there will be hundreds of drug companies that will now start because of the data.

say this is a MIT for uh to society, to humanity. IT does not change the fact that google spending up well over a billion dollars. You're in deep mind and doing projects like this. This is change. Any you're thinking about breaking them up or you know how we look at big .

tech question? No, because where does we .

learned something very disturbing .

about big tech this week? actually? Um this is quite a bombs shell that gene poole drop from the White house press briefing. We got to talk about this. He just sort of casually mentioned that, oh yeah, by the way, the administration is flagged, pose for a social media company for big tech companies that .

take down to remove accounts if .

c accounts and pose yeah and he just mention so oh yeah, the big tech companies are very, you know, eagerly CoOperating with the administration to take down these counts accounts. He even said that when one of these companies takes down in an account, the russia do IT to implying that the White house is providing the central corporate .

role in the censorship.

The .

block list, let's take the most charted view here. I know that it's very easy to make this a lever is right? Their censoring yai a trump band. But if somebody was saying this was micro, this was an account that was claiming that microchips were in the vaccine, would IT not be, how would the? And there was hitting scale. We know what would be the way for the White house to inform social media that there was an account that was saying, falsely, that micro o chips were in there and that that was trending.

The White house officials are free to about their statements and their position, but this is different. This is the White house coordinating behind the scenes .

with big tech companies. With that up behind the scenes are saying.

you're doing IT right here to everybody in the behavior and which is why such a bomb. Sha, look.

even the if you were president and there was an account on facebook, youtube, twitter that was saying there was .

a microchip from bill gates, this a, this is a blant violation of .

the people's first.

and tell them how the first amendment gives you the right to say things that are untrue. IT is not the business of government to declare what is true and what is false. But even, even though even the not done, even the s lu came out of retirement. We we haven't hurt from them for the last year.

during any of the S U.

We have to hear for them during the past year, during all of this mattie s been going on with accounts being blocked and ghost they finally came out of retirement to say that at that this is a danger violation of people's first moment rights. You cannot have the government saying what is true and what is false and then denied people the right um to express their opinions based on what the government thinks is the truth.

And by the way, there's been a very subtle change here in the language is being used. If you remember what the argument used to be that we have to stop this information is now it's shifted to if to stop misinformation. So those two things are very different, kind of like that well as kind of like the difference in the term of quality versus equity.

They sound similar, but they actually mean very different things. So this information is actually a campaign of of purposeful campaign of propaganda. Lies, usually put forward covertly. So as the fs b, you are some intelligence agency putting out what's putting out this information, usually under false account.

So in that case, we can say, no, you can do that because you can engage in deception around who you are, right? But misinformation is simply information as being put out that Frankly you disagree with, okay. And or could be designed ably wrong.

We're you're kind of framing that way. You could be you're putting out information like there is a microchip in the vaccine that is explicitly known to be wrong.

The little league theory was concerned information by the people three months ago OK.

Let's take the special example there a micro chip. If IT was the case that they said there's a microchip in the vaccine, would you be OK with the White house contacting. So be IT of saying, hey, you got these accounts that are saying this a microchip you might want to to look into IT. There are saying take IT down to take a look into IT.

That's not the White houses business. I believing the microchip theory. No, of course, that is absolutely ridiculous. But IT is not the business .

of government to .

be telling social media who to ban and who to a blockly st.

I think they didn't tell to band. I think they told them to be aware of I D go get him up. I think your framing wrong .

sex note for socky said that when one side takes IT down, they should take IT down and then buy in on top of IT comes out and poor currency on the fire by saying that social media sites are literally killing people by allowing, by allowing this misinformation .

so here on the.

this is the present .

of united states using the bully popt to call social media, uh, sites mass murderers by virtue allowing people to have free speech. Trump never use language that in temperature, I don't remember him ever call .

me american companies .

act because you can a stranglehold on distribution because IT will get perverted. And then we either have people we like or people we don't like in these positions of power, or people we like or people we don't like regulating, and it's constantly flipping and we're all just doomed and bound to get fucked over. So back to the thing that feedback product before, I think alcohol is incredible.

I think google has been an incredible company. They make money hand over fist. They waste an enormous amount, money and all kinds of trash.

So it's good that they were actually able to do something useful here. I generally think that companies are google and facebook and amazon unfortunately do not allow. The constructed form of capitalism that people want in today's ety that just .

too big drama makes a great point, which is we got these big technology who become gatekeepers over content. okay? And what the administration has done and their alliance congress is hang a sort of damocles s over the heads of these big tech companies.

Theyve appointed lean a con to be the enforcer of the ftc. You've got there six pills in congress right now. They have ve held congressional hearings around taking away section to thirty protection, which is very economically advantages for these big tech companies.

So they physician the sort perfectly over the heads of big tech companies, threatening to break them up and rain them and and then genoc I in the White house go them and say, we want you to take down these accounts that we don't agree with. This is misinformation. okay?

That is a huge danger to free speech. It's basic. Like administration saying to these beta companies, nice little social network you've got there. Be a real shame of anything happened to IT. Look at what's going on.

Don't you want them broken up?

I do want them broken up at what I do.

So which is if you want them to hold the sword, or do you .

not want them to hold .

the word actually want the sort to come question.

I'm trying to .

moderate your freeboard.

I do give a good time about spent all .

day on his phone. He has not dialed into this park.

I thought we just went over the alcohol stuff way too fast. I mean, the arguing over freedom of speech is happening, and all of this debate freely, berg, at the same time that we are making incredible life changing moments for humanity. Two different companies went to space last week with civilians.

And then we are basically, uh, defining the blueprint for the human and every other species on the planet. And we're fighting over people too stupid to take a god and vaccine that would save every boy's life and let us continue on. And people are dunking on BIOS for not reading the room modern if you saw this feedback. G but how do you think about space race in relation to reading .

the room of progress technologically um will only the with capital so you can assume that that progress no, it's not like someone stumbles into a cave and discovered a rocker's or stumbles into a cave and discovered alcohol. Uh there are years of toiling and laws like Edison did making the light bulb. Um Edison had to raise a tune of money, uh, to get that light bulb uh project off the ground. And if you guys haven't read, trying remember the the biography is, uh, wizards of something. Um wizards got wizard of the title to get biography medicine and uh you know and and I feel like work this moment .

where the vision of mental .

park yeah I think that's the of the park the amount of capital that IT takes to make this breakthrough at alphabet or wam o uh or what baths and and elon are doing um is so extraordinary that you have to be in a position where you can fund this work. You're not going to get a bunch of kick starters to fund a space sex like project or uh you know blue gin like project.

And so I think that the benefit of scale that comes out of some of these businesses is that we can do research and development and we can progress our capabilities of the species forward in a way that would have never been possible, if not for the capital assistant in the ability for these businesses to accumulate a large enough pool of capital to take on multiple billion dollar bets. And like tim said, waste a lot of money and lose on nine out of ten of them. But if that one billion dollar bet works, it's worth five hundred billion dollars.

And that money continuously gets reinvested. And look at what google did with way. No, they put over a billion dollars in that project before everyone woke up and said, my god, self arriving as real as possible and a kick started an industry and I I just feel like the amount of money and and not mention the fact that like these are free markets, so these businesses, google, you don't have to search on google, you don't have to buy for my amazon, but everyone benefits from searching on google, everyone benefits from buying on amazon.

And the capability of these businesses is rooted entirely on the fact that consumers are choosing to use their products and their services because they are so good. And so I don't feel like these guys are um screwing people over. You can consider the small business model is being like you hate.

Maybe we shouldn't have had small business retailers for as long as we did because at some point, distribution was going to be economically advantaged by being centralized, and therefore, all consumers are going to benefit by centralizing. Is there really a right to maintain local distribution sites that we call small businesses that should remain in business forever? Maybe there's a way to help them transition into a new business model in new market but saying with what happened with the taxi industry, technology will force these evolutions. The capital accumulate in the capital can be invested in things that we would have never imagined um on a smaller scale. But go head you up.

No, I do think sympathetic to what you are saying. I do think that if you look at every platform innovation that ever happened, so whether it's you know we go from no print to print you know to newspapers, the radio to television, you've always first started with a pencil that was very much firmly in the cap of centralized, uh, monopolistic or oligopolies c uh, kind of early outcomes and either throw legislation or through innovation than the pencil swings to decentralized.

That's typically happy, right? And you can look at all of these industries that's gone through that. So IT tends to reason that technology will be not to similar to those things.

And everybody says the argument is, well, no, because technology has these specific features of network effects and lock in. But I think that portrays this idea that legislation that you can come and just basically destroy the china and the chinese shop and you have to just start all over. So it's likely that we're going to a move to a place that's a healthier outcome for everybody.

And obviously, we want things like alf to exist. We want things like we have to exist. The question is, how should they exist? And if they come out of the god will of google, IT is just so easily as likely that some other person, let's say, IT IT wasn't soda and ruth per, but two other people who didn't like IT, these things could have been a very different forms in shapes and not existed all. And I think that's the arbitrary nature of IT, which is not necessarily free market capitalism .

that doesn't benefit us. Should we each of be upset that baths is going to space in spending tens of billions of dollars that he made from amazon?

He like bad press conference that just be clear, at the end of the day, he has wanted to do this his entire life. He built an incredible company. He was able to take a lot of that capital and invested in IT.

He's invested billions of dollars and other things, ten billion dollars and climate change. His x wife is invested, you know, six billion dollars just last year alone in all kinds of good works. So those two individuals, because of their success, I think we will generally do and have done the right thing, let's like attacked and views with a horrendous press conference where he just provides in his venders.

Well, I think you said that you know the the thing that he said around, uh, you know, I just want to thank the customers and the employees for paying for this IT sounds a flippant and IT didn't really acknowledge the incredible amount of heavy lifting and hard work that he did acknowledge in the clip from two thousand and charlie rose, right? So if you if you actually played those two things back back, side by side, you'd say, is this the same person? One was thoughtful, extremely respectful. The other one was, now maybe he was just to emp ed up. I mean, I could see how you could be super high.

We are cloud nine thirty .

and and so he he just wasn't thinking about IT, but you know honestly, like he is smart enough and that team is part enough to say we're assuming you're coming back. So here's some fucker talking points. Wanted to you just look at those on the way down as you float down to earth, unless just make sure we nail this and put our best fit forward. That is where I think he probably had some regrets based on how people reacted.

This BIOS um spacelike was a real raw shock test because he took heat from both the right and the left. But the criticism was very different. The critique I heard from the right was that he's having some of my life crisis.

The rocket looked too much like a palace. Okay, fine, whatever that the cricket m from the left was. Um IT had much more to do with a real contempt for private initiative and private enterprise. You could almost see them being horrified and dismay that know why was he doing this with his own money? You know if this has been a NASA flight, I don't think they would have a problem with IT.

And so you see here that even though buzot has been so much more effective using his own money uh, to do this, the the left just reflexively hates that and and and they kept saying, well, how dare he used this money, the money he could have been used on something else. So much Better that argument. I think it's wrong in a couple of respects.

IT basically implies that the pervyse of these social programs are Better distributors of society resources than our greatest inventors. And I don't think that's true. You look at these social programs, they want to keep doubling down on.

They're not working. You know these programs, our policy towards homelessness is not feeling because a lack of funding. There's a tremendous amount of funding in phanish o there's spending sixty thousand dollars per tent per year, this spending three thousand dollars in social services for homeless person per year.

Lack of funding is not the problem. The approach is the problem. We spent something like twenty five thousand dollars per pil and per pupil in california schools. The test scores are going down. So know these people who are criticizing buzzards don't know what to do with the money.

They don't know how to stand any Better.

They're not getting executing. However, a pizza s or elon, these are two of our greatest inventors. Let them go. Let me go. Because you, they are pushing the boundaries. And I do believe there will be great engineering and scientific breakthrough that come as a result of what they're doing with the snow space race.

It's also super uninformed, if correct me, if i'm wrong here, but they were saying that they they should have been doing more in issues on earth if you actually and they were kind of a talk me about climate change in the use of these views to get to space a number one, uh the the rocket ship fuel. My understanding in these is less than the what happens in the seven forty seven to put that inside.

And then second, elon has done more for global warming with tesla than anybody in the in the battery packs. I think in modern society, I can't think of somebody in the private sector who's done more. And then has there's ever been a there's never been a gift of ten billion dollars to one cause, let alone one cause, which bazo gave, which was primate change body? Nobody hasn't.

You would know. China, I thought Richard britain in had done a lot global. I thought he was very involved in the carbon uh, credit space.

I think that we're witnessing something that can best be described as people who have reached a point in their life where they realized that they're impotent, getting incredibly angry at people who are willing to be wrong, but wanted just have a chance to be on the field and try, and I have the freedom to do so. And that just literally infuriates a certain class of people. IT proves itself up by what David said.

We are not in the funding crisis. We are running ten twenty trillion dollar deficits you know or sorry ah ten you know hundreds of billions of dollar death is is ten twenty trillion dollar debt levels that are increasing every year. We have a surface of money.

We print money whenever we want. We don't have a shortage of money. We have a shortage of capable people who know what to do with that money. And in the absence of people being able to do things, they would rather other people not do things, not because it's not the right thing to do, but because that makes them feel impett right.

And and and so what what what is driving that? I think you there is a real contempt for private initiative. And and Jason, you're right.

You see IT in the hatred towards elon. Nobody has done more to actually reduce carbon emissions than elon. I mean, even the best is period in the story. I mean, the bezers gift to some philanthropy. I don't know that's going to make a difference or not. You're write that he's putting his money where his mouth is on that issue, but it's in dispute able that elon, the electrical industry would not exist without elon. And yet there is contempt in a rid for the fact that he did this to private initiative.

If the government, he does IT in a way that is not checking the boxes for this cohorn people who feel incredibly insect fragile emotionally, they don't like that he says what he wants. They don't like that he does what he wants. They don't like that he dresses the way he does. They don't like any of IT because it's not conforming enough.

It's not about the look people about the money. That is if that's been .

A I don't think that's what IT is at all. No, I actually think what IT is, is psychological IT is nothing about money. I think what we are witnessing, and I think social media has just blown the cover of IT, is a psychological awakening that people have, which is that they were comfortable knowing that there is a classic insiders and a huge cohort of outsiders, and they just believe the world would function as IT. Should now you see people migrating through this membership, achieving enormous amounts of success, basically eclipsing every single inside are possible by orders of bag ude. And IT breaks people's brains because they don't like IT.

because now they think.

why didn't happen to me? Why not me? And the thing is because you're not capable and at somewhere around you, I didn't try .

I that .

is not with the agency.

I mean, look, every day, every day, the greatest thing that i've learned about the public markets now having been, you know purely on the early stage technology side, building, running than investing, is I get a mark every day right now to do both businesses. I get a score card every day. And some days I really think to myself, maybe i'm just not good enough today.

And I say to myself that is true today. And then the the the difference is tomorrow I have a choice, which is I wake up and I decide and i'm gonna back at IT or not, and i'm not a game, and i'm not gonna hate on other people who had a good day today just because I had a bad day. And that's what I think we're going through.

We're going through. And social media allows you to happen, and IT allows you to put IT out there. You can hide behind the screening. You can basically say whatever you want, prevent this P2P frustration was journalists doing in.

of course, of course.

because these journalists .

are doing IT to, with there, just so bitter that they feel dunking on. The greatest inventors of our time is the productive use.

The difference is, journalists do with the real screen name under the guys of journalism. Everybody else does IT with the fake screen name, and it's all just a bunch .

of rolling in order to do something really great like basis or like elon, you have to believe that you have agency over your own life. You have to believe that you can accomplish great things. You have to you act with with purpose.

And is that really what we're teaching kids to the today in schools? What we're teaching them is either victims or impressor some intersections framework. We're not teaching them about earn success for teaching about privilege, which is is presumptively ill gotten.

And it's all about a transference of privilege and and basically money from people who are oppressors in this framework to people who are victims. But no one's talking about how you actually create change. Is success, ability, abundance? It's all a negative sum. It's always a negative sum.

Game freeze ahead. I did expect to the kim cda hand sex tape. I think that there was this moment where someone who was didn't do anything, didn't have a career, wasn't doing anything worth wise, but was kind of a suda celebrity for being a celebrity like the paris call riche era, right?

Like, uh, folks who don't really have much to talk about except that there are the ones that people are talking about. And then that sex tape turned into a super star and then he became a billionaire. E A few hours later.

And so um you know there is this kind of points moment, I think, where folks are like, wait a second, you don't have to do anything to get really rich in this country. You don't have to do anything to achieve all this fame. Therefore, the x the kind of assumption is, hey, you know what? There are people that just get stuff and get to do what they want to do and the rest of us don't.

Um and I do think that social media is the magnifying glass that takes those those moments and makes them very big. And kind of that becomes the assume standard when the reality is, I mean, all four of us work really fucking hard. All four of us came from nothing. I don't know about sex. But mean, the rest of that was an .

immigrate doctor from south africa. He moved .

to the south. I mean, I think all of us graduate a college deeply in debt, and then we all worked our way out of debt. And we all found ways to work really hard and find opportunities for ourselves in this incredible country.

And to build value and to build business is to realize those returns. And we don't start out as a etes. We were never elite.

We were always the struggling, you know immigrant entrepreneurs that got ourselves to where we are because we claud and we post and we fought and we had great. We had determination and we had smarts and we had put in the effort. And I think that that's not really associated basis and sorted iron.

And I don't think that there is any standard of a lem that double them like maybe the british, british monarch, these kind of inalienable rights to have the freedom that they have. And I think and I think that that's so important because people miss that point and they think that kim cardamon, or the random bolt of lightning or the elite, is that the cut and doubt upon people. In a way, it's unfair, missing situation. They missed .

the situation. So couple things. Kim kash an, may have gotten some initial fame because of her sex tape, but fuck if she's not an incredible business person. Because from there to now, that's execution. There's a lot of, there's a lot of toiling hardware, good decision making games SHE fucked and nail IT.

Was I lucky to have actually joined facebook versus myspace? Yes, but when I was there, did I fuck and hit the cover of the ball? God, Daniel, you know, was i'd lucky to have started social capital and be able to raise capital? sure.

But then did I have to help find the team, coach that team, work with them, make good investments that's fucked in hard. And I think what people forget is that this takes a lot of hard work, that there's all kinds of levels of success that you can be proud of, all kinds of different accomplishments. What I loved this when freeburg used us and elon and bases in the same sentence, because I catch myself or i'm ashamed sometimes, like I am not as good as those two guys.

So how dare I use my name in the same sentence? Is their name. And then I think, wait a minute, what the fuck am I crippling over? Like this is insane in any way they perform.

We've all made IT sure there's different degrees, but it's beyond that. IT matters at this point. And this is what I think we're living in, a society where IT really distorts you.

So if how do we change IT enough, how do we change people from thinking that it's random and that you can do IT because group people who are OK. But there are a group of people who believe the system is rigged, that I cannot become from off.

And I out.

I can't get out. How do we change that?

The wingers and the complainers and the haters are stuck in a massive rut. And I think the thing that happened that I said at last, pod al, said again, and maybe I just say every working pod IT is not about winning and losing. IT is about trying and learning.

And that is a huge thing. It's about a learning mindset. It's about this idea. Things are changing, so fuck and fast. The only thing that I can do to stay safe is to learn how to learn, because things will constant be changing underfoot.

But what do you say to the single mother with three kids? Who is in a town where the the factory shutting down and she's losing her job and .

SHE doesn't the resources to move. SHE is not the person .

that hates you on moscow, their institutional ruts.

Yes, I understand these are two completely different topics. My point is, if you go online, IT is filled with be a small cohering people that are positive and then a large cohering people that are silently trying to just gain information and and a small vocal minority of bitter people who can't do shit and all. I'm talking to people who knows if they are privilege, but I think, I think that these people have been checked x four lives.

They tried to play the team sports they were told to, they went to the schools. They try to do the the c fa, the M, B, A. This is the that nothing worked for them.

They work in an environment where they don't feel any equity. Actually, this is where equity is important. They feel disfranchise and they're angry. And as a result, they just want everything to be different so that nobody wins because they can't win. But if they were winning, they would be the first one to say, shut the fuck and door behind me, convinced of one hundred years.

The irony is that the people who are talking about all went to these are lead institutions and and they imbibe these ideologies and philosophies. And I think the people who have been successful went to those, not in all cases, but they went to those places and then rebel against IT or just shut IT out.

Here's what we should do. Here's what we, we should all contribute five or ten million box into we should call pag is we should use page is to infiltrate all the fake screen named on twitter and then index cited linked to figure out where they all went to school and what they do and just published database of all the haters.

What I mean, it's how funny with that I I is, is very interesting because i'm watching a group of these complainers leave traditional mainstream media, because I am focused on journalist, because I was one and i'm watching them leave journalism, a small group of them, and become entrepreneurs on substance or their own products. And I feel like there's a little group of them who are realizing, holy shit, I can make a million dollars if I apply myself, and I quit in new york times, and I go start my own, own publication.

right? And I actually say something interesting. French ated not just towing the party line .

of the new york. There's a whole little there's a little crack .

here in this way. I'll say, i'll say they are just as successful of zeal on mosque. He and jeff bezel, the the financial quantum may be different, but I bet you the personal fucked and satisfaction quantum is the same.

And this is key. This is the key. You could be running a five hundred thousand dollar your business, and you could feel like a million.

You have a nice house, you have a nice family. You employ a couple of people, you provide a good life. You do what you want to do when you want to do IT. The sense of freed that comes with that. And agency, an agency is the same as them. And maybe in some ways, the super Richard guys in the world to actually have less agency than these guys would because there are so no scheduled and people are coming after them all the time.

One of my big take away from being in the tech industry for twenty years is that if you're smart working and don't have behaviors that sabotaging yourself, you will be successful in this industry. You know, over two decades. I mean, I just not how could you not you have such tailwinds at your back.

There's so much value being created. We saw over the past year more money, more lp dollars have gone into venture capital by far than any other year. And more money, more returns is coming out.

That's why more money the call, when you say anybody could be successful by showing right.

you said. But the first part is the critical part you just said who are not prone to self sabotage. There is an enormous number of people who are prone yourself. I was one, I am still one.

but I W ego blew up.

That's true.

But I think he blew IT up because either was creative of destruction. I think he wasn't enjoying IT.

and he needed to start talking about the public icy .

center but the blowing up when you how do you reconcile the blowing up of the firm to off .

whatever number later? This is all old news that I know the amount of success in capital and money that we've made who is undisputed able and um i've made IT under all kinds of weather conditions so you know with all kinds speaks for itself. But the problem is again, if you ask an average person, I don't think they care.

I don't think they know. I don't think they have an opinion. If you ask some, you know, blood and here .

interested in how you reconciler look back on. And now it's so much distance.

i'll tell you from an outside perspective of high reconcile mah decision there is, I think that as you become more successful, you're tolerance for doing stuff you don't want to do really goes down.

goes zero.

At first he has got to a point where didn't to do up.

but that is a character zone as well. Sometimes in your career, you have to make a, and in your personal life, you have to make a tough decision. And there, there is no good outcome, there is no good way, but there are these moment where you got a rock falling on you from one side, the rock falling on you from the other side, and you're gona have to make a tough decision to get out of the way.

I said to myself a long time ago that if I was ever lucky to actually be wealthy enough, where um my wealth would change by a meaningful amounts, every order of magnet de, I would do something different um and so you know you can do the fucking and math so there is why is this interesting being .

friends with you and watching IT and then also I hate to give fill that I credit .

IT but being friends .

with film helm youth and watching him set outrageous goals for himself in poker. I just do you know what you ve got to set some outrageous goals for yourself, and that's how I sort of work through. As I just said, I want to number one at everything I do. I want to be the largest syndicate, the most cases, prolific investor.

The other, I realized that I was basically going to become, you know, a billionaire because of my facebook C I fuck and quit. And the crazy thing about IT I left so much, stuck on the table, is a two, three billion dollars of fuck and stuck. I couldn't care less.

And then and then, you know, once I figured out that there was something that you can do with capital that even more meaningful than just investing in companies at a small scale. But now you can, you know, control companies and really allocate and shape how economy flows. I made a difference set of decisions.

And now here, and if I increased by another order, makes you don't make a difference set of decision. And that's poorly understood by folks. Because, again, IT doesn't map into a world view.

But the point is IT maps into something that keeps me whole and saying, and IT allows me to not be zero. Some about everybody else is success. And that's what I think we need to teach people try stuff. It's OK to fail because that as long as you're not selves appetizing yourself, David said, is so well, you will eventually be successful .

whatever you learn. David, you know this next chapter being an investor .

capital locator, you let me yeah David, what I said I said .

just yeah no.

it's what I said. I mean, just well, I mean, the thing that's happening right now is just the tech economy is coming bigger and bigger. Is this an explosion? There's an explosion in the number of unicorns, explosion in the amount of funding that's available, explosion in the amount of returns being generated.

Um there are now so many VC that VS are literally throwing money at people. I mean, any half decent idea now get funded. The idea that somehow this ecosystem is a leaders or exclusive, it's absurd, right? I mean, you've got microbes now, who, you know, one has to go to send to wrote anymore, right? I mean.

there are so many, nobody is a ghost town member. Traffic jam, I want. I went down the other day and there was no traffic.

Speaking at stanford, literally, I was like, i've got to put fifteen minutes into my drive to get through that santo. Because I was at eight thirty. I zipped downs and or road to stanford, there was two cars.

The tech ecosystem is so osmotic. C, it's so premiere in terms of allowing new people. And in fact, it's sucking in all the talent they can find because I can't hire enough people, even in the worthy economic conditions. And yet, when IT comes to talking about social and politic, talking about opportunity and social political terms, the only thing you ever hear is that, you know, the ecosystem is somehow a leaders or exclusionary.

And I think that's old. That's old news that might have been valid fifteen, twenty years ago. I know when I went to the road for the first time, fifteen twenty years ago, IT was a bunch of White partner who went to stanford or had A M B. A from, you know, harvard. But that's not the case now is a bunch of people rolling funds and microwave thing .

in between in being a social justice warrior that you've just missed that there is like basically infinite opportunity. You know then it's on you. You're sabotaging yourself. And then five, ten years later, you're still stuck in that role and then and then you become litter and then you become .

Better to a point, for how hard was IT for you to leave google? What was that like?

I was at google for two and a half years. Uh, I had had gone to, I joined before the I P. O. I was a couple hundred employees, just thousand employees, and then we public, I got this huge bonus from sergey to stick around, uh, when I was thinking about, I mean, for me, IT was like a seven figures. IT was yeah IT.

IT was a couple thousand shares of stock and like twitter and fifty thousand dollars of cash and I gave IT up um you know be worth a lot of money but I just felt like I learned so much at google and I had such an appreciation uh, for the team there in the company and by the way I work google of the company went public and I could buy a house and me, he was an incredible moment for me. And and and I suddenly felt what you all talk about, which is this freedom in my life. Suddenly I had.

Hit that that the next plateau of wealth, where I now had a couple hundred thousand dollars of network and I could leave, or I guess I had over a million dollars of that word and I could not leave and go do something I wanted to go do with my I know I had a couple hundred thousand years and I can go leave and do what I wanted to do, which was to build my own business and have the freedom to make decisions and um and so I honestly felt like really fine just leaving all that money behind. I left I left millions of dollars behind uh for when I left google after being there for two and a half years to start my company. Um and you know IT was a struggle, right like I mean you guys know building a business which I did from two thousand and six to twenty thirteen um was a nightmare every day was a nightmare I say uh in entrepreneurs and I said is publicly before.

But IT feels like every day you're taking a step backwards and one out of five days you take a five step lead forward. So at the end of a week you're one step ahead of where you started. But your existential memory is that your facebook everyday, every day, and suddenly you wake up. And seven years i've gone by, you're like, oh, shit, we've got an amazing business and someone wants to buy IT for a billion dollars. And um if you don't have the great magots uh and the determination to push through those those daily battles and and deal with that that hardship, uh, you know and I don't think that being in the comfort of the big system of google felt right for me. I think being in the playing field and battling in that every day is right from um and so I was the right IT was the right call for me obviously work out but you know still I make choices in my life in terms of what do I want to do, do I want to go live yet or have some luxury or do whatever. And i'd prefer to just make great businesses, turn science into commercial opportunity and that .

I do I I just wanted to send out to the whole panel. Do you ever think you know, having hit the home runs and having the cash to literally retire at this age and then just, you know, keyboard or do whatever, do you ever think about retirement and not going to work?

fuck. No.

no. Yeah.

you want you feel you want to work harder yesterday yesterday as an example, was an incredible day because I was able to um bicycle with net and a the Youngest to go get a gea lot. I had a kick off meeting for I had a kick off meeting for a startup that doing something incredible um in batteries where you know starting from scratch series a confounders me and the other in the other director and we're starting literally starting. And I remember the feeling of having done this now thirty or forty times and is the best feeling and and then I had a call because i'm trying to put more than a billion dollars to work in a different battery idea uh and I thought to myself, god like I am so fucking lucky um and it's IT was a grind long day and i'd never felt more thankful so why would I in A E and and I I feel to so blue sax everything about hanging up um or are you .

more motivated to go to work every day or you annoyed yeah I mean the thing that give .

me the most energy right now is we're in a private data on calling near this up that we and I it's good, is getting Better every day and i'm really enjoying tinkering on IT. And I feel like the kind of like ker.

by the way, you're a good product. No, we try to hire sex. Is VP a product .

at facebook? what? Yeah, what would that have paid him?

There is two thousand sets at seven billions. Two thousand?

No, no, that. So I got to be my own boss and that was Better, you know? So I don't know. I I wouldn't have made as much money. But look, i've done, like you guys i've done, made lots of decisions that may be less money.

If I just say a paypal for twenty years, my stock would been worth many, many billions, right? That's why I tell people don't sell everything. Let your winners write at least partially.

Yeah, I really looked like I was an investor in facebook. If I just kept all of that stock, that would be worth a billion dollars today. So I prety crazy. Well, sell some, just don't sell everything.

That's my new philosophy.

Yeah, your point about to to your point about what gives me enjoyment. I mean, i'm really having fun tinkering with this APP. And you know what is like? It's like it's like a new season.

If you are like the NBA or something, it's like can we make a championship run? Can we get one more ring, you know and so you're like, you know, be like saying to somebody, hey, you already got you know to N, B. A in NBA champion here.

You got three rings. Why do you want to fourth? You know and it's like, are you kidding me? While i'm still in this league, i'm Young enough and healthy enough to make a run at one more, one more ring. How could you not want to do that? You know.

you gotta go for IT, and I can see you. You're engaged, which is great to say, but I listen this been an amazing episode um we will see you all next week if you like the show. thanks. The end we're .

going to make try try something like that. You wouldn't .

othe wise read love you guys.

but I love you guys.

Love you back to see, love everybody, listening to love everybody.

I mean, literally, if you're listening to this and you are buying into this, that the system is not virtual, don't be a troll, don't be a dush, like the system is not rigged. If anything, the system is rigged for you to participate and succeed, join the party.

The system is valuable. The system is, if you want to change the world. The system is malleable enough that if you pursuit in the right way, you can make, you can make a dent.

You can, ah, who is this? Who is this little? Hi, look at happy you are. Who is the best dad, 我是 that。 See you next time .

your.

Winter, man.

We open sources to the fans and .

just got crazy with.

Like sexual attention that just need to do somehow .

that your b we need to .

get more.