E46: False Ivermectin narratives, regulatory grift, wartime mentality in solving issues & more | LIVE from TPB Symposium!
01:12:59 Share

Jack out looks like he's going to a night of the rock spiry.

thank.

You O.

Here we go.

Rain man, give.

We force to the fans and .

they got razing.

Thanks for coming. This is the production board symposium twenty, twenty one. Tell us just a little bit about why we're here, David, and and what this is and what IT represents for the production board.

The production boards symposium, second ever. Thank you all for being here. We're excited. We have uh an amazing group of um science, a scientists, engineers, folks from academia, from business, from the investing community, some of our investors. So we're excited to share thoughts and ideas over the next couple days.

Um and thought we would a chase half of you away by hosting the all in pod tonight. So um here we go. great. Uh okay.

So first step in the news, rolling stone, uh, amplifies false. I've reject in story. You are following this to about what you think this, uh, I ve met in controversy and you want a .

little give a little summary of what the issue is before we talk about the hypocras y of IT.

Well on september first okhotsk h station k 4 ran a story and publishing article on ivermectin doses uh backing up rural hospital of the article was titled patients uh over dozing on I reacting backing up role ago home a hospital hospitals and ambuLances first line of the article quote a rural alcohol a doctor said patients who are taking in the home d warmer medication and i've remarked in to fight over in nineteen causing emergency rooms and ambulando back up on september third rolling stone amplify ed the story of its own article uh， the only problem was they treated. They tweet IT with a picture that featured people lined up in the cold IT turns out the picture was people waiting for vaccine shots back in january, not gunshot victims waiting to get into the hospital. And the .

story tally falls. But I didn't .

want to say fake news, but I know .

beyond IT IT was beyond fake news. This was basically adopted up conjured art. Go buy some person trying to inside a moral mania at rolling stone.

Look there you tell me if the the science, this is wrong, there's the home, the whole premises. ridiculous. So i've removed in basically as far as we know because we don't know that much acts on a handful of uh, specific characteristics.

One we know to be, which we don't really express in the same way as like fucking and worms. And so yes, technically, IT can be used as A D warming. But there are four, five other ways in which IT acts, which we don't know anything about because we haven't taken the time to do a broad base double blind study.

So I think the fairest thing to say about ever back in is we don't know what IT is. And so neither the people that proposed to use IT as a solution for for coffee nor the people that real against that aren't really starting from the basis effect. But then what happens is you have these folks who basically are so turned off by the idea that, you know, people aren't getting vaccines.

Es, they were going to use the other thing. They basically doctored up an article that wouldn't be so bad because nobody reads rolling stone, right? It's kind of a.

it's kind of ancient and brand is going there for medical.

But then the problem is you get a handful these folks who think they're really, really smart who amplify IT Rachel meta amplifies IT jimmie kim el does IT on a comedy skit, and then all of a sudden there's this enormous outrage. But the promise you can't put the gene back in the bottle when IT turns out to be a completely fabricated lie.

And then all the people that are proportional to basically push this lie, who now have been outed, have no consequences because they're on the left screaming at the right. And what happened when I was the other way around, we basically started to put people in boxes. We basically kick them off these platforms. And again, so you have this compounding building double standard that to me is the whole the worst part about IT.

David, when we look at uh, the ever mecon story, we also saw joe rogan got covet. That was a big haha moment for a lot of people and he took, i've reject them as part of his treatment. And then people started amplifying that he was taking a worm drug for horses, the warmer d warmer, and it's at best.

and anti microbial juice .

for both situations. And a doctor prescribed to him his thing of suing some folks for for treating this. What what is this overall say about the state of communications around this pandemic?

Yeah, I mean, look, this is really a media story. You had stone publish this article based on a single source. You have this one crank basically saying that emerging rooms are turning away, gunshot victims of people having heart attacks.

okay? And all they had to do, all rolling, don't have to do, was call up any one of these several hospitals. They immediate would have refuted the source, but they didn't do that.

They also could have simply googled the number of toxic iver mecon cases to find out if IT was even paul statistically, that you could have ever mecon overdose as flooding okhotsk spitals. But they didn't do that either. Why didn't they confirm the sources? Because the article was too perfect.

IT confirmed all of their priya, their first prior was about ever meet. And i've been waging this war on iver mecon, claiming is a horsey warmer when it's actually that is one of its purposes, but it's not the only one. IT was a IT was a drug designed for humans and use against parasites.

Now as to moza, we don't know whether it's effective against covet about the dumb eline studies and they will find out, but that was sort of their first prior. And let's face IT, the second prior was that this is an oklahoma, right? And so rolling stone wants to believe you of all these magical idiots out oklahoma eating horse paste.

okay? And that's why they loved this story so much. And that's why Rachel meta, I love the story so much. And SHE then starts spreading IT.

okay? And after he gets called out, including by, say, Green, Green wall, as of last night, he had not taken IT. Now why?

Because he knows there are no consequences for this information in line. why? Because twitter and facebook do not punish people on the reformers information. That is a penalty. They only meter out for people who disagree with their cultural .

and political biases. And another cool that gets.

I don't even think in secret, I just think these people all are part of the same culture sort of meal. You, they all have the same political, cultural bias. And there is never look, where is the twitter warning, the twitter label on the rational metal post even now saying that this tweet, this article is .

this information .

if there .

exists because .

it's inconvenient, it's dynamic, it's words yeah by the way.

you're on the show so um tell me the .

last time we heard a new story that didn't have bias to IT. What was the last general thing that was reported that we didn't feel had the angle that then visited a motion either love, hate or element or not but .

you you can have that reaction facts the wall street journal just now about like the the democrats proposal on taxes I have an emotional reaction to IT.

but it's fact based. I've got one hundred. Is that really was IT .

my reaction or no the story .

yeah they just said .

that the the house proposal are now is to move the cap gains rate from twenty to twenty five, the corporate tax rate from whatever IT was the twenty six and eth. But it's IT. My point is there are articles written by folks who just wanted get the facts across and let you judge whether it's good or bad.

Who knows? Time will tell. Then there are folks that basically manufactured shit because again, I think and I think is math tab, that at this because IT creates more .

romania is but is power of journalism. That's all they have .

left at this point, is just to basically make IT a complete fuck and free for all. And in IT, they still have some kind of relevancy.

I have these old new york times, uh, newspapers like the whole year printed from like one thousand nine thirty six three nine forty four school. I am a huge book and you know but you must .

have been out all the time, but you didn't have time to read those.

Yeah I mean, but you fall through these things, what they are, they are just like all like ticker stories. You know, IT had absolutely no like narrative attached to IT. There was no like these are the people, almost the implicit right and wrong write the implicit morality of every decision, that being, of everything that's being reported on, every feeling. A thing that's going to be left in like ten years is the economist. And then like the mob rule in the meta verse, that's podcast .

where people can discuss these things and maybe a more um honest this few great .

podcast like that mr. Anti facebook did you think .

about this wallstreet journal article says that there's a secret call that basically gets to get out of jail free card on facebook and nobody else us .

millions of people though. Is that right? Yeah, that's a lot.

You work there.

It's exactly the point of in making right, which is that there's two sets of rules. If you are part of the in crowd, if you share the cultural biases, if you're part of the same class, whether it's you so economic, political, whatever that of the people who are doing the content, moderation, doing the censorship, you get a get out jail free card. The rules are different for you.

You can be Rachel medal and post an article as complete option, even after the entire twitter here calls you out. You don't post a correction, but you don't get label, you don't get sensor. But if you're on a different part of the political spectrum, you do I mean, there's two sets of rules.

Yeah I mean, I think I think it's insane. I mean, this is exactly what I think people have been saying for a long time when people say, oh, you know, it's algorithmic, is not really human control. There's there's no real intervention and then you find out there's actually literally something called cross check, which his definition is checked, the hue checking algorithm and override with my own bias. That's that's the definition of what the future.

I mean, whenever we start down the censorship route, like who gets to decide and then what is their motivation? And even if they have pure motivation, there's no way to you know not.

but the platforms die, see everything d platforms and decentralized. And then like all media is through substance or through the call, an up or through other kind of media.

Decentralized crypto w is .

no longer a platform, is no longer a sensor model. What's can end up happening? People going to click on the stuff that they want to hear.

Confirmation bias. It's going to become more extreme. It's going to become, you know, even more heated. There is gonna splinter ing of media creation as there is right now that we see today, right? Every every element of the spectrum will be cut of produced, and you're going to end up clicking on the stuff that great, the great test .

emotion that people like sume. How does the citizen who wants to inactivate themselves from fake news bias? How do you recommend they go after science? And how do they they have to learn the stuff for themselves. They have to try to .

become an expert themselves, how it's hard like anything that right? I mean, they got to be a well, I don't think that that's really um uh it's not to be scouts raging. I just think that it's a lot easier to not do that.

It's it's a lot easier to consume ice cream all the time. It's a lot more fun, but can see you might be all the time and to kind of plan your diet, need healthy and work out and all the sort of stuff. And I think that's really where media, like a lot of things, is headed as we create these kind of feedback loops that are all everything's digital.

everything ends up becoming the feeding. I bet, I bet you, I bet you if you look inside because like now, some rabid politician will get to hold of this facebook ross c thing.

I bet you um if you look in graph, the number of people that were essentially White listed from being able to say whatever the hell they want, vers what was popular on the facebook, you'd see a left verses, right distribution very clearly you'd basically see because if you look at IT now, I think there's a remember his name but he's is a former new york's reporter that tweet out every day um the top ten links that are shared on facebook and it's like a fuck and train rock. It's like one Normal article and then it's like nine like right wind rock every day. And so if you are, you know, a hipp are sitting in east mental park.

You know at some point, like the coffin, your genes are rolled up too tight. The fucking shirt cups are rolled up to tight no. Um and you're just freaking out and then you're like, we need to create something.

What do we call IT and they're like cross check, you know and then all of a sudden what happens is you just start introducing people hoping that then the list that gets published every day on twitter changes. But then what happens actually is you find the exact opposite thing happens, that people are so like they sniff out the bullshit. They're like what is going on here, that then they double down. And the next thing, you know a bench year is nine you know eight of the ten top stories every day on facebook. And that's how you have Donald trump in everything else.

Next topic, well.

good.

Well, I was going, I mean, you to so yeah, look, I think both sides are capable of, both sides of the political spector are capable of spreading misinformation and ulster. And you have to vary your information diet, right? I mean, if all you do is participate in, you know, the right wing or left in echo chAmber, you're gna buy into the iver mecon hoax. You're going story here from rolling stone or whatever IT is. So you have to make an effort to to get to very information .

directly for the lab league theory.

I mean that we now have .

five of these during the pandemic .

and see what what I object to is the fact that the censorship rules only seem to apply to one side of the spectrum is that both sides are capable spreading this information, but only one side is being censored. why? Because the people writing these powerful tech companies agree there are like ninety plus percent of that political .

persuading that is not healthy. Audience, they are.

And you agree how many people agree with sex that trump should be reinstated on.

All people agree that that .

the tech platforms have a political bias company disagree with that thing. Nobody interested to.

Business of facebook. 现在 比如说。

The handle .

for the viewers at home who couldn't .

see .

that because .

I don't know what do you .

have the audience on silica .

scribe to so that's .

why listen one hundred person say, no, it's okay. It's o by everybody else here agreed with that and these are all people who are.

but they know.

they know. So .

how how many, how.

Many, nobody, no, literally only that very in A S A question. I okay.

So we are we are firmly going down because I think it's pretty it's pretty clear to me, I be willing to make the bet that the media is on the side of vaccine Mandates, okay? They want the top down control and the sense of theoretical safety that a vaccine Mandate gives them in their own little bubble. And so that's why they I think they support this.

And I think, you know, blowing up ever macon was kind of a method of many that theyve undertaken to do that, whether we believe in vaccine Mandate or not. But now it's coming. It's coming in the L A.

School district. It's, you know, by ness trying to push this thing through the B, L. S. This is going to be a very, very big deal. What do you guys think is the right thing to do on vaccine Mandate irrespective of all we're going here over .

the next government or private employer Mandates or both.

But we let's walk through that, I mean, see both uh, for the government or government employees to start with that.

But the government Mandate OK IT goes through the B L S. That says any company, public, private, that is one hundred employees or more.

What I mean, I think we all agree that people in the military were people in health care. They should all be vaccinated or they shouldn't come to work.

correct? Well, but that's also not not even enforceable like scan Andrea schon tweed out like he had to take his kid to the urgent care and he walked in and the doctors weren't wearing masks or something yeah and something about .

like not being vicinity doesn't matter or bes to forceful .

kid to the fuck in urgent care. Don't you first need to know what's wrong with the kid? You can't prosecute this person's opinion on masks and vaccines before you figure what wrong with your kid.

What what do you think? Sex, a military service, military health care teachers?

I think the cracks of the issue is whether employers should be allow to require that there there's two issues.

One is whether employers should be allowed to require, which I think everybody agree, not everyone, but but most people I think agree that private employers and you could lump the government with this should be allowed to um test or their employees or require their employee vaccine if they want to and at least I would support that part of IT is let private enterprises require action if they want. If they decide, hey, you want to come back to the office, you could be survey's safety. They can impose those rules.

Now the question is, do we need to go beyond that to have a federal Mandate? And it's not that i'm anti vaccine. I just think that's like an awfully authoritarian thing to do.

And IT raises a bunch of a question. So for example, I have a friend who owns a chain of dry cleaners. Okay, he's got over hundred employees, mostly minor wage and about different locations, about twenty .

percent of his city.

What does i've do? Anything he really long can. Anyway.

so he's the third of most famous three long at americans here anyway.

So he's got one hundred employees, about twenty percent of the marini vx, and they will not get vacine ated. okay? So they will walk out if you know if this is required to would rather get that job all on.

But he can't run his business if there's a twenty percent walk out, he just can't do IT. okay. So now we get to the soft part of the Mandate, which is, well, instead of requiring the vacs, he can do a weekly test.

Well, we did that outside here. Who's going to pay for those test? Who's going to administer them? Is IT like that? A nurse out here with the full, you know, hasnip, yeah, the husband thing. So, you know, that's not cheap.

So how who's going to pay for that? Who's going to do that? What's the documentation around that going na be? Is that get log in and computer system? And what kind of proof is that there are require a trip to the lab, or this thing we can do in five minutes? I mean, look, if we had did done what freebase said a year ago in this pot, we should do, which is have these one dollar five minute test be available everywhere, that maybe that sort of rapid test out would make these many days more portable. But we don't have that yet. Um you the earn enough for these IT.

Turns out we still needed even with the vaccines because no vaccine is going to be a hundred percent effective. And with rice.

my point is we don't really have that solution Operation ized you know having a hard vx Mandate on one hundred million employees of private enterprises know that in a cause, I think, chaos in the economy.

What if we get a variant, David, or give trump, if we get a variant, got forbid that is more dangerous than delta that say IT spreads just as fast, but it's five times as deadly. Is that change your thinking about this Mandate? And where do you stand on the Mandate?

Now I I, I think the Mandate in this very specific neuroscience kes sense, and I think what we should be fighting about is how we actually write IT so that it's not holy expensive. And the reason is because we know that there is a probabilistic distribution of outcomes where a non trivial percentage of them results in the variant that is deadly.

And so we can understand the math and we can understand a sense of time to figure out that if we don't do something and if we don't get to some amount of control around what this is, we're all in really big trouble. So because of that specific thing, I just think this is where in a look, the president has the ability involved, the war measures act, to do all kinds of things that are superNormal. And, you know, we would never say that those abide in Normal times.

And we've created a framework for him to be able to do those things, and not Normal times and vert Normal. I think this is one of those cases just because I don't think the economic consequences and the social consequences, if we let this thing uh, continue to compound and continue to mute IT doesn't make any fucking in sense. We're not .

learning anything. We uh could have used the warming Mandate act across two presidencies to demand some companies make a dollar test. Yeah we have seventy five eighty test approved in germany.

There are down to two or three dollars. Why ah has the fda not um gotten us to that level that germany is at? And why have we done the warm and data? I think we .

have like to the capitalist model of like let the free market tell the government what is the right thing to do. And so then they invite habit and invite the the guys in and they are the White house consorting meeting. Everyone's a little bit chuckling about this like all this is awesome at another two billion dollar pay day, which is what they just got.

I don't know if you saw uh, the the right of today, uh, the federal government is paying walmart for the difference between the whole sale cost of the retail cost that consumers cannot now go by abot sts at the whole sale Price at the store. Two billion dollars tax pair money got when we could have had a bunch of smart scientists get together at the White house with a bunch of engineers take over a in factory and on a piece of paper, print eight billion fucking tests and then chopped them up and distributed them for fifty cents. And instead we have this problem where we're like, depending on the an supply, I could do not of the test kids that are like plastic, this where they make all the like pregnant y test kids all this self and these um this like the commercial model is like tell us how you want to make these tests, tell us what the right model is. And of course, you end up with a thirty dollar test when in germany you can go by a fifty cent path in any liquor store. Um and so it's it's constructive straight .

up corruption.

And if you go back, you know that you x boards named after the three the world named the war which was um set up during .

world war two and pretty humble .

yeah took the war out you know um but IT was but IT the idea was like caddy, take a system of design approach uh to solving kind of big problems and um one of the issues that we had during world war ii with a supply chain problem on making tanks and plans and so they put together a bunch of smart people. Don't know that anyone, you and he, in the factory floor this fuck and there is basically .

a ordinated effort, the birthday um .

but there was a coordinated effort by engineers at the top down to design a system for making these things cheap and fast. And that's an approach that I think we ve lost, right? Like we kind of gave way to this model of A I A feel like you come in and you tell me what you think we should do.

Okay, that's a good idea. Let's take photos and out, matt. We don't have a wartime mentality right now. We haven't had a wartime mentality since cove IT hit. Everyone's continue to tran para around and get reelected. And we're in we're not acting where you like every every time kind of a business or government or any organization goes through a phase and goes through a wartime fazer or a peace time phase, we should be acting like when the world time.

Now can you question .

if you three or four of us.

basically plenty up some money, could you go on print eight billion of these vacant test in the U.

S. You cannot get them approved without B.

F, D. I am not asking for approval.

I'm saying, could you do one hundred percent? And how long you can buy some old figure paper million in three months? I mean, no, actually people in this room who .

can do this in um now isn't there a framework with an F, D, A that basically allows you to effectively experiment on yourself?

There's a compassion is a, uh, it's for drugs, it's for theraputics, not for diagnostic.

So you're saying that if I want to.

you can build A A A diagnostic that tell someone where not they have a less you to get united states. So that's something to be publish. The somebody statement is regulatory capture like is insane to C.

R. I saw, forgot someone we know, tweet this. The who wants to guess the ratio of administrators to doctors in the U. S.

Health care system? Hundred one? Yeah, I saw hundred.

nine hundred to one today. Oh my god. And that is up from five to one in one thousand and seventy. Can I just hundred to one your initial .

tweet at three hundred to one? And IT ended in two thousand and ten before bomber air past. So from three hundred and nine hundred .

was all obamacare. Yeah regulatory atx is check, which by the way.

nothing against obama a care because I think like coming as a canadian ioc believe in subsidies headcase. And I think the the principal of obama care was great but there was one fatal flaw which is a basically said, okay, you know what your cap at the following margin.

And the minute that people said, wait and I can only have a twenty percent gross margin, what do you do? You just jack up Prices to basically jack up revenue because if you can only take twenty percent, you're going to take twenty percent of a bigger number than a smaller number. And so IT completely burn the incentives for any health care company in the united states to do anything other than just basically walk Prices up. And it's funny because if you look at the stock Prices of these companies, you you would have made more money being long united healthcare than you would have been a owning facebook, google, any of these other tech companies last decade. crazy.

Is that a speaking of regulatory capture, tesla, p uh, got left out of this new tax credit or proposed tax credit inc. For electric cars, I don't have you saw that tesla wasn't invited a couple of months ago, two bite and EV summit. Elon responded like, I wonder why I wasn't invited IT turns out it's because they are not a union shop.

Their employees make much more money in. Union employees make uh and but now as a punishment but hold on as a punishment, the twelve thousand dollar credit that they're giving to or the proposing to give to all v manufacturer is only if you have union employees. It's forty five hundred less to tesla. So literally two massive regulatory captures and corruption go or maybe sex.

You no I I mean, I don't have much more to add to that. I mean, you hit the nail on the head. I mean, this is to serve the union is not to serve the clean energy or the EV industry. I mean little bit for EV but is mostly for the unions.

The um on the one hand, what we do is we say that climate change is this existential issue. But then when the rubber meets the road, if you look inside the infrastructure plan today, we unveiled basically how we're going to do all the tax credits. And again, it's just an enormous amount of just sloppy um regulatory capture.

Um we're doubling and tripling credits in certain places where disallowing credits in other places when you follow the dollars, what happens as you can map into companies, those companies tend to be mostly public, large baLance sheet, large lobbying efforts and it's not necessarily the most important companies that matter. So if you know if I said to you what are the most important companies in climate change, you'd probably say, well, maybe it's direct or capture, maybe it's nuclear, maybe it's some other thing that basically helps you go to a different place. And where does all the tax credits and tax dollars go? Sun run, sun power.

These are companies are basically, you know, have this. All the go politics hold strangle hold on essentially installing solar panels and battery walls in homes across united states. And is not to say that that job isn't important, but to basically explicitly block other people out because all the chatter today on um you know or some of the chatter today was around just if this bill passes as written, you're going to see these stocks rip. And so obviously, the positive reinforcement loop of wall street and hetch funds getting behind these companies, their market cap goes up, the email the allocated lobby's go up, and then all this bullshit just continues to cycle through the .

system freebody halfa away, away from small nuclear reactors and fusion just from a science perspective. And then on a regulatory basis.

I don't know enough. I mean, yeah, I look I mean, from what i've seen there, there are great technologies that you know we should be able to kind of realize my understanding and speaking to investor as sum in this room and I know you must look at this area law is um you know there's the the regulatory burden that made is so difficult to launch nuclear. Um technically IT seems like there's great breakthrough.

There was an announcement from a group this past week, C F S yeah on a new um uh superconducting magnet system that they spent years designing. This is a bill gates bed company. Anyone here? Investor, no no, no. And uh basically IT enables like the token ac plasma fusion based systems uh to be kind of reliably produce now.

And so they we've had a proof demonstration of uh of the superconducting magnet system that effectively allows you to control a plasma which is like ten million degree southeast in a little town that spins around and that plans allows you to kind of pull energy out that can be used for, you know, effectively you put a bunch of material, this thing runs and more energy comes out that you put in its magic um and so you know this has been a theoretical kind of concept for decades. Getting the superconducting magnet system to control the classroom in a very small space, uh, using a very small kind of system was proven and now they think that there you know call IT four, five years away, you know by the way, in nuclear always four, five years away. So four or five years away with a grain assault uh from kind of having a demonstrable of uh system. So there's technologies that are clearly like on the bank or or proceeding nicely. But as we know um a lot of a lot of these sorts of technology is similarly your kind of regulatory burden.

We're about a hundred degrees away, I think, from from a Operational functional room temperature semiconductor. And so super sorry. And you know i've told a team that are working with on this project, I don't want to go into energy generation or unless we can do IT in a small form manufacturing thing that can be adopted broadly.

But if you try to go and you know, basically build some distributed energy resource out over here, that powers can point, it's impossible because you run into these people who don't really understand the science, won't take the time. And you know, we've taken so many steps backwards from nuclear that it's probably just onna take decades and it's going to take some catalysts. C climate change event where the only way out is the super abundant energy source where you're willing to basically say fucked we're fucked otherwise .

by the were to go to mars today, you wouldn't be pulling a bunch of fucking, you know oil out of the ground and burning IT, you know, rotating a you should I mean and you wouldn't necessarily I mean be using you know solar at the beginning. But you wouldn't necessarily reliant solar you know the cost of material to transport from here to mars to yield the best energy potential would likely be some sort of nuclear power source, right? Um as IT is in a lot of .

military questions, iran was saved by obama. I mean, just kind of like having we were there, you meaning like he was in that moment, he was able to get that deal with diameter ur, he was able to get these you know tax credits, the the auto bailout, you know, all of that stuff. But then IT seems like we're in middle of a democratic ministration and they may go of the way to basically try to fuck this guy.

I just think it's like become a special interest free for all. There is an article today that the national deficit, the year to date is two point seven trillion. And I think that weren't october first fiscal year says one more month, they'll be about three trillion.

Last year was over three trillion because of coved. There haven't gone to the infrastructure bill yet, just going to another one point two trillion. On top of that. The democrats are saying they want another three and a half, but not all democrats, but think joe mentioned, but another three and a half trillion. And you know, most people can really say what's in that three and ha trillion dollar bill I mean it's we're at twenty eight trillion, I got a national debt I mean and it's all this like special interest ponder well.

I think if you look at the results, the results aren't that correct.

Yeah then on top of that um well you know I understand I mean with restructure of obama care, okay, that's a major item on this called the democrat wish list was to give her own own health care and we didn't even get there okay? But you can sort of stand up. But most people, I think even on the left, can't really say what the big ticket item is that's going to be delivered for the three and half trillion that is proposing to be spent. So um I mean, it's just become this like no special to free freeze.

G, we talked about not having a wartime stance with the pandemic. We don't have a wartime stands with global warming or extreme weather, whichever term you want, should we?

yeah. Yeah, we're burning money at a good. So what's going on right now and actually a lot of what we're going to talk about this symposium over the next day or so is that there is effectively now arranging free market appetite for these solutions.

Um the capital is pouring in, the entrepreneurship is blossoming, allowing the technology is advancing. So you to some degree folks might say, you know this is gna get sold. But there are major infrastructure solutions that are needed for us to accelerate the outcome and win the war.

And those infrastructure solutions aren't going to get funded by soft bank and they're going to get funded by cheatham. They're gonna need to get funded by type of dollars. I mean, you keep you keep building your book like you are.

You will find them in the next decade. But sax, you know of speak to the kind of numbers that I think you know are necessary here. I mean, you think about how much money we spent on code with how any results over the last year IT really beggs the question.

If we were kind of to take an R Y based approach to where we spending these dollars, this would probably be the first of the list. And by the way, the private market and jobs will benefit. And what happened in this this this bill, this infrastructure will is past um this past year that's now been you more kind of definitively drafted is a bunch of infrastructure jobs that are basically given they're not actually solving problems with climate change.

They are not pushing technology forward. They're not creating uh, these alternatives that were just create ten x and one hundred x outcomes. They are yesteryear solutions and they're not going to move the needle enough.

And so you know look, I do think like it's unfortunate, but the climate change war production port is needed to kind of get kind of dollars is motivated that are needed to create the kind of infrastructure to solve these problems. Um despite the free market appetite, the free market appetite, by the way, fuel the outcomes. But IT still needs, uh.

he needs up in behind some of h is IT possible. Just as we're having this discussion here, we're looking at an incompetent, corrupt government that is filled with grifters who are gotten sold and then on the other side and causing matter of problems .

that that a man, I wouldn't say that I disagree that people are corrupt and grifters. I do think that there yeah I I do think that there's a lot of good motivations. I just think that the look there maybe corruption, but I don't think that that's the the universal truth, right? People are generally good.

You you know you we've all made the people, which is it's a point of perspective, right? And and there is perspective. My perspective is that they're all being told by their constituents what they want and they're doing IT or by loving or by lobbies. But at the end of the place to listen to a and at the end of the day, the way that the the system is set up is people get reelected by doing what the the people that are onna vote and put the dollars and put the vote out for them are asking them to do. And that's the way that this is kind of .

resolved itself.

So and by the way, when the war, when wars happened, you know, I guess, when a war happened in the twenty of century, that wasn't the driving force, the driving force was existential, and he was, we have to win the war. And that's the that really needs to be the mindset we all need to adopt today, which is an existent al mindset. We need to win the war. And a campy about what might student are telling me what the lobby as tall.

So despite this either incompetence graph or or if you're more charitable, it's a complex problem to solve. Despite all of that, we have massive entrepreneurship in the country we have of capital allocation, uh, at a extreme violent rate. In fact, a lot of that money is coming from all this money being pumped into the system. So in a way, do you think the only solution we have them off is entrepreneur s in startups who are getting large amounts of money to solve these problems because it's not going to happen by government.

Obviously, we have a ton of great entrepreneurs, and I think that we're doing things we're doing okay. So this is, this is if you look at the internet, in the twenty years that we've been grounding in the the internet, we've had an incredible tailwind that helped us, which is all these people, much like the folks in this room, but in different companies, ten or twenty years earlier than you are now abstracting parts of the stack so that the rest of us could use IT right um and so you know, I remember two thousand and six we were racking and stacking servers at facebook and sanok a me adam d.

Angelo, like where and I was like what the fuck were doing and remember in two thousand and eight what? Adam d. Angelo, he was A C T.

O. The time left he started a company called quora, the Angels, like i'm building on A W. S. And I thought he was a fuck in idiot. I thought, who builds on AWS? You build your own data centers.

Now if you said that to somebody, you would be the idiot, right? So if it's that or it's the tooling and the tool chains that we've been able to build on top of all of that abstraction and simplification has allowed an order or Frankly, probably even maybe two orders of magnet de of entrepreneurship to come. That's also now happening in biotech.

So all of that IT is an incredible progress. The problem now is we used to be a part of the economy that was an after thought we were over here. Politicians didn't need to understand, they didn't need to take the time.

Their first reaction is denial because IT basically pushes up against power, and that really freak them out. But now we're at a point where we are so integral, they need to understand IT Better. Here's a perfect example. Last week, illuminate patterns expired.

So if you're are in the business of health care and if you're in the business of, like you crisper gene therapy, any of the stuff that actually a lot of you guys are involved in, you would love for the fact that you know action sequencing could have a thousand flowers, boom, boom, ninety different methods. The cost of a sequence goes down to a penny. It's not possible today because you have to go through one method ology.

You have one company to work through. You have one set of agents or set of agents at one company cells, and it's basically corner of that can change because of technology because they can then see you go to courts and they win. And so this is where you have to interface with the government and they just need to get smarter because otherwise, there's only so much innovation we can do before their historical legacy. Things like patterns and I P come and bite you in the s sex.

What do you think are is entrepreneurship alone in capital allocation by aggressive, you know, vote for and bold, uh, capital allocators enough to solve the incompetence in washington or the graph? Well.

it's going to have to be. And I mean, here's the good news, bad news. OK had a tweet that kind of went buyer.

So when aniston to happened, we spent two trillion dollars, twenty five hundred american custody, forty thousand wounded, and what have we got one out of IT? The chinese are about to take up residents in poprad in our splendid air force space. And the taliban are one of the best equipped armies in the world. That's basically .

what our .

two trillion dollars got us.

And china is going to build a super way.

Apparently.

apparently the helicopters .

that were left behind non functions.

That's more surprise. I mean, having you seen the photos, then they're all down our uniforms. incredible. Yeah, oh yeah.

Night viag's.

No, no. There was reporting itemizing the inventory, the cash of weapons we left behind. IT was gigantic .

to the question. The good news.

bad is, so that's a bad news. That's what two trillion dollars of government spending got us. The good news is I went back and I looked at how much money has been invest in the veta capital space over that same twenty year period that we were in afghanistan. And IT roughly tilted up about two trillion dollars.

I didn't know that actually, just I added up the charts and about that most of IT was in the last five years because they have actually been a huge acceleration and the amount of money coming into VC over the last several years, the soft bank, the tigers, and so that you know, the mega stage funds. So the truth is for really wait lesson, i'd say a trillion dollars of, you know, early state by true venture money, we be able to create the entire technology ecosystem as we see you today. I mean, not entire.

I get to go back twenty years. There is five years in the late nineties so that the the private enterprise system has accomplished so much with relatively so little of money. You compare the efficiency of that, you almost wonder, how do we squander so much money in afghanistan? They took active looting by many different forces to basic square.

I mean, think about like a little, have to burn money. Every venture, venture back company at every stage in the last twenty years when we spent afghanistan. I mean, how much of that money went to line the pockets of private contractors and, you know, warlords who are paying off?

I mean, IT was a giant clupp cracking OK. So but the good news is, look, we got for the same money of money here, you know, not just here, every every private venture back company. So I do think we are capable of accomplishing great things, but with relatively small amounts of investment. And think good is for that because that's the only thing is producing anything or society.

But but I mean, true, right.

But but but look at lations about to do. They want to stump on all this innovation. I mean, they want to jack up the captains rate to the same to higher the ordinary income. I mean, that is that return on an investment for the for the eventual couple, for the kind of investing talking about that mean they want to make a punitive. Now that's not gonna pass, thankfully, because we got a mention, but that's about IT.

By the way, I I will contract t myself in agree with sex. I do think there will be a hundred x thousand x ten thousand x breakthrough that will resolve a lot of the chAllenges we face as a species on planet earth over the century. We take the time h tomorrow morning, uh, but yeah yeah I by the way, my talk says absolutely nothing about the government and I would greatly against the government that everyone's kind of feeling sad and we sound like a bunch of old guys sitting get the starbuck talking yeah talking about the government now they suck um but at the end of the day. I do think that um the engineering of uh the human spirit and science will resolve the problems that we face the and we are not I want to talk about one .

of by the way.

we should kind .

of questions are from the audience. So if you have a question, i'm going to jump out there now. Yeah, I just stand with the C, C, P, uh, is now a moving to break up.

Alipay is business. This is after jack ma, uh, went on a holiday to learn how to oil paint. Thought extra h well.

I think this is sort of like one other step in what we've been talking about for a while, which is that china is basically becoming um a completely vertically integrated government where the public ican private sector has no real clear delineation. And I think that that actually has one implications to us because they export an enormous amount of technology and building blocks to us, and we have no records if those guys, I ve never change their mind.

And this is sort of what pulls into this next very complicated phase of, uh, geopolitics because, for example, if they decide to cut us off in ours, if they will invade a taiwan, i've said this before, but I think that they will, and we will have no choice except to deploy troops into taiwan. Because in the absence of the silicon that we need from T S M C and a couple of other manufacturers there, we have zero capability here. This is why you see intel have I mean, for any like any second, when you guys hear an intel press release that says they're investing ninety fucked in billion dollars, do you not think where does intel come up with ninety billion dollars? right? This is a pull through from U.

S. Government because IT allows us to start to rebuild an an enormous amount of critical infrastructure that we've left to other people. So you know, china is systematically decomposing and basically destabilizing all the china internet companies.

They're going to control and in bound all of the critical resources. And we're going to have to have these really hard conversations. Unless this is again why I go back to, I don't believe what you said, entrepreneurs are not enough of the solution.

We need the government to step in with intelligence, not with anything other than that. They don't need laws necessarily. They just need to understand the problem .

or get out of the way in some cases.

or step in and for example, like you know, allow the regulate regulatory captured to be disrupted. But they won't do IT because special interests. And by the way, special interests, what do they spend?

You know, if you try to donate to a fuck and congressmen, four thousand dollars, two thousand, five hundred dollars, like these people aren't spending eighty million dollars to defend, eighty billion dollar business are spending eighty thousand dollars. And that's why we can't have progress. That's crazy to .

me actually. That's china's recent actions to basically deprecate entrepreneurship. It's is a continuation.

The transformer talk about on the show next month was saying, I mean, they are bring in these od for nose, these their mobile ah there are olaga s under their thumbs er the thun of the ccp and she's impacting their consulting, control and power and money and is also about the data that was another part of the this new laws they want to get their .

hands on the data that um that we control all the credit data of every single person that uses alipay .

all throughout the south east asia is fucking crazy and they also control and everybody get the same .

ah if unit I would do everything .

that they're doing, which is why it's crazy to us that we are sitting here allowing IT to be done to us. That's what the crazy.

the crazy part is. Now what they .

doing is not illogical, right? What we are doing is ological because we should have a reaction to these things. We should have a point of view. IT can be tactic, sticking your head in the hand. All right.

Who's got a question for one of the us. Is, okay. Try to make IT a tight question.

Talk up the back on. Of course, these bills are incredibly wasteful, but you guys are engaged. So how come you're not looking through him and saying this piece I like this piece is messed up because IT doesn't sound like you've read them either to be to be honest, you I haven't read them.

I rely on these summaries that I get from my team. And to be honest with you, the legibility of these things are incredibly low. And the problem is, every bill that gets written now IT is almost like IT goes through process.

If you take a two page bullet point bill, which is really what senators are on congress, people understand and approve and then outcomes the other and two thousand pages that undigestible. So you're absolutely right. I don't I rely on the summaries. I have zero idea what's really in there.

Let's take another question.

Um i'm alex for anko. You did this poll of whether the media are right, winning leaning or left leaning, and the overwhelming majority said left leaning. But do you think that that's in part because for four years we had been fed so many lies and so much, much misinformation from the extreme right.

David, that question was directed to you.

I mean, look, I think there are plenty of polls. If you go back like ten, twenty, thirty years, there's a media organization, there's a good named prepared elle who is doing studies of media bias. And if you are actually look at how people in the media voted IT was ninety plus percent democrat.

I mean, it's it's been a thing for a long time. And now I came to a head, I would say, during the trump administration because the the press, I think in going after trump gave up something important, which is they gave up their objectivity. I mean, they flatly would, I mean, he was, whether you want to call a from to change syndrome or whatever, I mean, they now saw, as they are duty not to report objectively both sides, but they would just flatly declare a things that trumps ying were false.

You know, you still see this today. I'm not saying that all the things he said we're true, maybe did say false scene, but Normally if you wanted to say that one person saying something false, you will get a source on the other side. And then you can quote them and then that's how you basically construct the article.

And you had the press basically, almost really become unhinged. And I think they kind of rip the empire jersey off their backs um to in order to chase after trump. And I think you know only way they got him um trump was a one term president. But I think that it's really contributed to the polarized media environment we have now.

Any way to get that referee jersey back on the press? You then .

know no .

thanks .

how I mean, you know the .

promise the journalism and media have changed so much.

The nature of Prices changed, right? It's fragmenting and splinter ing much like everything else. There's um you know we talk about this at some of our companies. I keep referring to our companies to find a lot of people here today, but you know, we talk about the fragmentation of food brands, for example, or the fragmentation of people's kind of individual media selection.

The same is happening in the press where you know, you're now kind of gonna pick and choose the five articles you want to read as opposed to buying one of three newspapers and reading everything in that newspaper each day. And I think that's feeling this, which is not necessarily my opinion, accept this before, not necessarily a constructed or design decision of the cordon cordes ss, but it's more of phenomenon that arises from the individual, the consumer media, and they make selections. And that selection bias ends up driving the clicks and the votes and accounts and the prints of that particular former media.

Guess what? We end up using the stuff that trigger us more, makes us feel some stronger emotion. And then I created a feedback loop and that's where this is coming from. And I think it's enabled by the internet, not necessarily bad actors at platform companies, but it's it's inevitable in a decentralized world or a platform the world.

that's the way. And also part of the story is advertising one away as an option as google and facebook took over those markets so they went subscription. And how do you get describes? You pick aside. You can't really go down .

the I want to feel something emotional when I click and buy and spend nine nine cents or whatever. Like it's not I just I don't want to like be bored to death. Everything is so stimulating in this digital world like I want to .

be simulated so there is really in poll that came out today that speaks to this, which is um they asked you know, people on the left, the right, what do you think the country's biggest problem is on the left? The number one answer was trump supporters. So, you know, now on the right, IT was a little bit more varied. IT was the taliban. IT was china, you know, um IT was.

should we be most concerned about objectively for each of you, three things would be concerned about.

As americans think the right answer of fry their side is like the other half of america. And I think that happens because you haven't very information die. You're sitting there watching a one station on cable news and you're being fed, you're being basically being fed this stuff that the others demonizing the other side, right? And you know, the other side is you is being otherizing right?

Let's take two more questions. Nego a trout. This goes back to a point that you made .

about entrepreneurship being enough and bringing the government and think a lot of the topics covered are bringing a lot of government uh support um more involvement. So um from yours perspective, how do we bring in uh maybe new incentives on the government side to bring in Younger people, smarter people, people who are going to make Better change than what we may be seeing today.

I mean, if you look at country countries like singapore, their solution was to elevate the role of government to be so high from a societal value perspective. IT was an incredibly respected role. IT was well compensated, and IT was a thing that was a real jumping off point to other positions of true influence.

Here we started with that idea as so like you know, when you think about what's what played out in the one thousand nine hundred and forties, fifties and sixties, I think we had a lot of that. But then the problem was we had a handful of things that completely perverted the cycle, the Cherry on the cake, I think, where citizens united, that basically just tore the bandit off. Um and we are where we are where it's not clear today that the most intellectual al curious people are in government, nor does IT even get its fair share.

okay. So what do you do about IT? I think that there's an element of IT, which is you have to play the game on the field, which is folks like us.

What I would encourage all of you to do is if you're in a position to actually accumulate political power, you have a responsibility to do so. And IT is directly correlated with money. And so as you find can found companies and you get liquidity, you have a responsibility to be engaged because you will have a lot of voice.

I'm not saying that it's right. I'm not saying that it's fair, but it's the game on the field. The more you spend, the more time you get with all these folks and you should use that. Beyond that, we have to find a way of oriented ting them. So once you get a seat at the table, I think it's about showing them that there's these new one's 的 laws that are a lot less sexy than they want to talk about。 But that actually had real impact sex.

What do you think of senators getting paid like cees? But that helps solve the problem if people could look at and say, well, you paid a half million dollars in that job for a million dollars in that job, but we draw a different calibre of person.

I wouldn't be opposed to that. I wouldn't be opposed to people in government that the two people making more money. I don't know that though, that that really would be the thing that attracts on here.

I think, I think most of those people go into IT for for power. And um here the problem isn't that they're not smart. I mean some them, I guess aren't .

very smart. You also have the lack of you know this they can't make money when they're in. They have to figure out how to make IT on the way out, probably leave somebody .

pay increase is not something I would be opposed to. Um I mean, it's it's hard for them to do because it's easy to campaign against politicians. You want to pay themselves more but yeah, i'd rather pay them more salary so their less beholden to the special interest when they get out of office. But I don't think that by itself is gonna solve the problem.

Let's take another question.

So my question is, how do we get both sides to agree, right? Want to get back to the truth. And in science and economics, we have a way to measure the tooth in science, design, experiment.

And you measure IT against reality. So you both sides can agree, what's reality in economics? The I can make money or not make money, right? You can measure IT against something.

So what can we do to get back to both sides agreeing on what is true? And I the chAllenge that takes more than fifteen seconds to walk someone through the experimental design and the outcome and the action to be taken as a result. Same with, I mean, I I don't know what the viewership is of the economist.

but i'm pretty sure it's been going down there. But is why marked work Better? Thank than politics, right? This is why markets work rather than politics.

With freeze g in order for you to pursue what you want to pursue, you don't want to convince a majority of the country to support IT using to find one person is going going to fund IT. You raise the money. So and and the same is true for every startup. P and that's why progress is made by startups. And now our progress is made.

This is actually, by the way, why don't spend time in politics? We talk about all the time.

no, but because IT IT influence the decision making. I think politics has done more to rekindle my interest in all things technology, and specifically web three point o and defy than anything else, because these last four years have completely convinced me that we need to find a very decentralized way of building the future.

It's gonna ugly. The eighty years exactly in the physical world, there's a bunch of stuff that's onna happen. In the social world, it's gonna related to this defy desecration ation movement.

It's under way. And it's under way because of what we're hearing about happening in china, what we're talking about happening in the U. S. And you know, I know, I know I was I won't give the context.

I was here and I was some people everyday, they were they were a work on my house and they were telling me every single one of them were trading, criticises every single. And the the whole conversation was about crypto. And I don't trust the U.

S. dollar. Everything's flatting away. And I I think politically, we're not really awake to the fact that this is a broad meaningful social movement.

It's playing out with crypto bubbles and N F T and other nonsense but those are short live bubbles. There will feedback loops. Frowsy is happening as the tie rises um and I do think that that is gonna be kind of the big pushing for.

So David is why china said no more crypto.

what are you that that's the big deal. And by the way.

everyone is going to end up saying that me cyp is one point on on movement. So there's political and then there's kind of, uh, economic movements like private initiative. I were irritable. I was called your star as a movement in which I compared. Being, I said, a good start of founders and a Angeles for the cause that is almost like leading a political movement.

You have to go out there kind of have a stomp speech and evAngelized people to your cause, which you is ideally a larger mission and just whatever you know benefits your company right? This is why elon has been able to um you know Frankly White he's going to sell uh so many cars without spending a dime o marketing is because he creates a much larger movement than just what's good for tesla, right? But the the difference I think between some of a private movement and a political movement is this is that when you're successful as a leader of a company, everyone immediately you so now because you unsuccessful everyone else trying to introduce our and electric cars, wherein politics, whenever you start a political organization and equal and opposite organization will spring up to oppose you.

And this is very hard to get anything done. And maybe that way I should be, because we don't want people imposing their political will on us. But this is why I I am a big fan of startups and smart Young people pursuing startups and not politics.

What do you think about decentralized cyp? Do you know finance um in amErica should should be allow IT.

should be tax, should clearly allow IT. Because um this whole cypher stack, this whole deep centralized finance stack that's being built could very well be the future of finance, and we certainly want to be ahead of that curve. Maybe there's some bubbles in here in that, but I think what's really there's certainly a lot of really smart engineers, quoters entrepreneurs are going to that area. So I think IT be a mistake just to discounted. I think we want amErica to be on the forefront of that technology wave, just like every other technology.

I make a prediction, my prediction is in the next twenty years, the dey movement will catalist um a movement against the open internet and IT is because state actors will compete with private actors for this battle between centralized institutional state base control systems. Like I want to have to know your customer if you want to buy crypt on the U S.

Verses all of these offshore places I can go and sign up, get a match of money and trade, never pay the irs accent, and live my life in the either. And the open internet will start to get threatened. We've seen this in the past where proxy servers and D, N, S.

Servers got you know request from the D R J, take down notices. And if that starts to happen where all the servers and all the fiber lines that are uniting in out of the U. S.

And elsewhere start to get kind of tackled like china has a close internet, um you could start to see this become a really ugly battle that that starts to play out. And I think we're not too far. I mean, one of you guys agree, but I think the open internet is to be great background to receive.

The gino battle was over information, money and the I think .

there's really same point there, which is you remember the late nineties, early two thousands, where the big technology investing wave was all about connecting people and goods into seamless global networks. And that's all the investment went today. And behind that was sort of this utopia, an idea that the internet was gna break down barriers and tribal ism and remove geographic borders and create a single connected world.

Well, what what exactly is the bet on crypto today? It's a bet that fiat currencies are going to collapse and determination be undermined by money printing the U. S. Dollar or stopping the world's reserve currency. Most likely that, uh, individuals need to be protected against the rise of the authoritarian state. These are the big themes of crp to, and if you think of major technology investing waves as essentially a prediction market on what smart people think the future is going to look like, it's pretty scary that we're going from utopian technology investing wave to a very discover, an technology .

investing capitalism. You know, if you think about what capitalism is, it's not just to return on investment, but it's the tonne ge of dollars, right? So anyone who's a big investor here um i'll pick out Young because he's on an incredible job.

You know you're putting more and more dollars in for more and more dollars out. That's the pressure, bad. You know these guys are under enormous pressure to get tonnages of dollars through the system in a productive way. And so you know these guys are at the forefront.

Um but when you look at you know most of the projects on salona, they're seated with a few million dollars and these are sixty eighty billion dollar market cat projects um and so I don't know how capitalism survives in that world. Number one. Number two, governance goes completely out the window because you're essentially replacing um a set of norms that we've all agree to about what a company is.

It's an L L C or it's A C corp. That is incorporated with laws. There is recourse for you.

You can go to these places and sue them. Now it's a double. It's a bunch of rules written in a block chain.

Here's how IT all works. Here's how I make my H. R decisions, here's this, here's that, here's the other thing um and then you basically decompose everything into service where it's recursive.

You cannot build with me unless you make yourself buildable to others okay. So when you add all these three things together, I think to me is the most incredibly positively disrupt the force I have seen. I think that will destroy wealth. I Frankly could not give a fuck um and I think it's Better for the world.

Let's take a final .

question like and um and maybe to connect some of the dots you know I think the power of the individual perhaps reflected encrypt has never been greater relative to the power of government right? Thomas treatment, talk about supreme powered individuals twenty years ago. Um whether you're a terrorist or whether you're capitalist, the power of the individual is is um never been greater.

The four of you started a movement earlier this year around what was going on in california, right? A lot of people got excited about the all about what might come next. I think where we fail as entrepreneurs, where we fail as allocators, is we had no strategic plan for california.

We have no strategic alternative plan for america. The parties have platforms. Why don't we put together a strategic plan for the state, a strategic plan for the country that brings in these folks? The production board is a strategic plan for winning world war two, right? And so to cheap point that it's incumbent upon us to get involved.

I think it's incoming upon us to step up what that means to be involved. It's not higher ebb. Yous in D C. It's not you know just show up and vote. But I actually think that the voice that you have Carries a lot of responsibility.

And I think that I would have like to have seen the islands step up and do something to catalist a strategic plan for california, right? Not necessarily endorse candidate, but let a candidate stand on top of that strategic plan. If we really think about decentralized, right, you are.

we n we, we don't have.

as four people are act together, we are still learning because we are like anybody else. And to start up, you stumbled into some success. There's about a million people that will listen, watch, consume this a week and all the polling or all of the data that you pull, it's like new york safran ces go dc. We don't internalize that and use IT for any strategic content. They're still if I could, just to be honest with you, they're still infighting, bitching, complaining, you know, all kinds of fucking nonsense where if you saw the inside of you be like, hey, dip shits, wake the fuck up, get a plan together and act we don't have that .

bread and we disagree on a lot.

That's okay. But what we but we we can we can get away from ourselves. We are learning how to do that um and we've had a bunch of instances where we've had to come together and say, hey, our friendship is the most important.

So let's what can sort this out and we've always being able to sort that out. We're going to get pushed to what every other, you know, start up founder story gets pushed to, which is now what we just going to sit here babbling on for another fucking in three, four years through a pandemic. And you know, maybe you get to two million views, three million views, maybe spotify gives you a deal and you can make ten twenty million box here.

Who the fuck cares? So you're right. We have a responsibility to figure out if we are four reasonable voices in the sea and people are attracted to those voices, what do we use IT for? And we've talked about IT, but we haven't put pender paper.

And finally spent about twenty minutes. We, we, I, I also think we've also tried to experiment a little bit.

David and I collaborated on getting chess, a boot recalled, but in different way.

David sex.

David sax, literally help them start a recalled chess bo and campaign. Gary ten, who listens to the pot, started zone with democrats. And then I tweet, anybody want to donate for an investigative journalists to cover chest buds office because we couldn't find anybody covering IT.

Sixty thousand dollars showed up for that go fumi page and we just gave into a journalist who started this week and she's reported in the first ten days on three different like trade cases in several that have not been followed up on by the da s. office. So that was just a little you know example of dipping our toes and obviously chaos you know being uh pushed to run for governor caught fire like we thought that was a joke.

IT was literally somebody who listened to the pod, put the website up. He twisted as joke and then over its on cnbc but the best thing has been the feedback we've gotten from people like you, bra and everybody in the audience will girly a lot of other people here. And we have thought about, hey, what do we use this platform for in terms of making change. I I think .

that that'll be here to is the right question. In the right.

we should let everybody .

get to people. Thanks the best to jack sax say I .

love you to free said.

but but yeah.

And just thanks for listening .

to the show. Thanks to freedman. G, if you want to make things truly uncomfortable, David love to give a long embrace, a nice hug, tell him.

This mother fucker, he, there's another friend who shown up, he named, who is a side hugger. Nobody likes us who likes a side hug, but I had to force him today because he comes into you like, stand up. I show you he comes in like this, and then he does this, the hip he does.

Nice to .

see you.

That's now looks like he's going .

to night of the rock 再 久。

Thank you. Thank you.

So fucking horrible. Okay, please.

sure. Here we go. All right. Well.

this is been the all in podcast and enjoy your time at the conference.