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The establish is a good word to use. They used it in Britain. You live there, right? That's they call you that all the time.
Yeah, that's one of those words that I should never ever say for anti-circum stats.
I'm Cara Swisher. And I'm Scott Galloway. And welcome to the first, resist and unsubscribe live events at the Pantages Theatre in Minneapolis. There. Thank you for showing up tonight and helping us support the Immigrant Law Center of Minnesota.
Recording tonight's show, we'll run it on the Pivot Podcast Audio Feedon on our YouTube channel. We're going to do a lot tonight. We'll talk about some headlines just like we do on a Pivot Show and Scott will give us an update on the massive impact. Of resistance and unsubscribe, people have questions and Scott's going to answer them and how much it's made. It really has, and I'm glad he's to be here to support it for him.
But first, we have a special guest. We're going to chat with tonight. We always have a special guest. You don't know about, please give around applause to Governor Tim Walls.
“Wow, maybe you should tell Klobuchar, you changed your mind.”
No, this is what happens when you don't run, I guess I don't know. Oh, so. Oh, suddenly you're popular. Yeah. Okay.
All right. I think we're going to start. After questions, we've done this on all the tours that we've had and we've had a great time and we had lots of governors and various things. But first things first, what was your immediate reaction to Christy Nums departure? Self deportation?
Well, I was trying to act all serious and say, you know, I'm not a petty person. And then I checked myself and I said, in this case, I'm petty as hell.
“Oh, so it was, and I was saying this that I knew Christy Nums a member of Congress and when they get in the orbit of Donald Trump because we, I think you would have considered as friends at one time.”
We authored some legislation around water quality and things like that. And then all of a sudden, it turns into this. And but I think for me, what happened here in Minneapolis was so far beyond the pale that the sense of the sense of anger I had towards her that whatever happens isn't enough. That's kind of the feeling I'm had whatever she has coming yet. So with justice, but you said last week that Secretary Nums should probably get used to spending more time in Minnesota.
So we've got, we've got to get accountability. How are you planning on getting that? Well, look, there's, and I would make my pitch to to the U.S. Congress.
Especially with, with her, I guess replacement in Mark Wayne who I know too.
One name, we all get in that.
Yeah. I'm making my pitch to them. I know he's having a problem with the border between names. Yeah. They can't, they can't, they can't do, they can't fund these people.
And they can't give them without putting guardrails back around.
“And I've been, I think, minisotans are demanding before they do anything confirming someone else.”
We need to make sure they give us the investigations we need here, bringing those people back. And, and holding accountability, the, the both physical and moral injury that's happened to this state demands that justice be carried out. So look, whether it's, you know, whether it's County Attorney with Mary Moriarty or Keith Ellison, both have talked about it, both are incredibly talented. And both of them will get justice.
And it's, of course, with with Renee and Alex, but this people in Minnesota know, there are literally hundreds, if not thousands of things that were done to minisotans, both physically, mentally, economically, somebody has to pay. Somebody has to pay a price. Do you, do you, do you imagine trials with her?
I mean, she will say she's acting, she was acting at Stephen Miller's best. Well, it's out of my wheelhouse, not being an attorney. But we all know in history saying you followed orders didn't get shot anything. Just following orders didn't get you out of anything. And somebody issued those orders, and she was more than happy to,
to tell us she was in charge as she rode her horse around telling us that. So, so yes, I think, you know, when you're an elected office, and you can make mistakes or whatever, but this was not mistakes. This was a blatant violation of human constitutional rights of minisotans. And she spoke to that.
And I was in Congress last week too. And mine went a little better. I think than hers went. Yeah. But she claimed that everyone knew on this.
But I will say this.
“Yes, I think that we need to find out there.”
There certainly needs to be investigations. And if those lead to indictments trials and imprisonment for the people who did these crimes, that needs to happen. But can I get one? But I would just leave with this.
It all goes back to the top. This is Donald Trump's. Started this. Donald Trump did this. Let me ask my question.
Scott, Scott, we'll have one. They're trying to quate her with the right. I've noticed this saying the fraud around this ridiculous commercials,
the $200 million given to a friend of hers and some fashion,
or Coralian, Lundowski's. They're trying to quate it to what happened here. Fraud that happened here. Like if we go for fraud there, we got to go for fraud. With Christy.
There's a big difference in fraud and corruption. People stole from the people of Minnesota. And those people are in jail. We'll continue to do that. Ironically, the amount that we know with our feeding our future scandals,
exactly what she spent on the writing the horse scandal or whatever it was. But this goes a lot deeper where people in government, directing money towards their clients. These were criminals that stole from Minnesota and Minnesotans caught them and put them in jail.
So it was on the pretense of this. And there's folks that need to be accountable. I said to all the Minnesotans over the next 10 months. My job is to make sure, again, I am not going to apologize.
That Minnesota has incredible social service programs that lift people up.
Feed hungry kids. Put people in. I will. I will tell you it is my responsibility to make sure those programs are secure as possible. And that's what we're doing.
So they're not interested in any of that. And this, that's the way they go to Louisiana. But that's another. Straight up corruption of people taking money. And, you know, they, the false sense of they come here.
They, you know, right wing social media. Here in Minnesota, there are folks that invited those people here. There are people here in elected office who will not condemn what happened to Alex and Renee or Liam or anyone else. And their accountability will come in November. But there still needs to be other. Other avenues to make sure that justice is served.
Scott. If a mayor calls you and says we have word or suspicion that ice is about to. Have an equivalent private presence. So what happened to Minneapolis? What advice would you have specifically?
“What do you think you got right and given, you know, you were in sort of uncharted territories?”
What did you get wrong? What would you do more of what would you do less of if you were advising a mayor about to face? Just to be clear, Governor Excuse me. What happened right and why they left was because of the people on the streets. It wasn't the elected officials.
They left because of that.
And.
Parent teacher organizations that turned into food banks and, you know, soccer and basketball Carpools that turned into protecting children and parents surrounding schools. And what I would tell them and I don't know if you can you can't replicate it immediately. But that old adage that all politics and all action is local. Minnesotans take that to local to your house and the house next to you and the house next to you.
So my take is make sure as elected leaders that you're watching where the organic leadership is coming from. Make sure you're not doing anything to interfere with that. And we were getting a lot of feedback from folks on the streets. And to be prepared and make sure that that you are ready to make. These decisions that need to be made without any coordination like everybody in this room knows.
Never been in a soda nose.
We always work with the federal government in the FBI sex trafficking, you know, drug trafficking things like that. They came in here and tried to make the case that we don't cooperate with them. And I'm telling you this at the end of the day when Donald Trump and Tom Holman stand up and say, Well, you know, Minnesota finally cooperative. That's why we're leaving.
We didn't change one damn thing we were doing before because our job is not immigration report. We are not going to spend our resources going after people who are trying to follow the path towards citizenship and get here. So Mike Mike advice to them is stay in your lane. There's nothing you're going to do like all of a sudden we would say, Oh, sure we're going to start giving you names or something like that.
The thought of that these states that are saying because when the president called me said, Well, we didn't have this problem in New Orleans or, you know, somewhere else. And I said, I said, why I said, you didn't shoot people in the face in those states. You didn't do things.
“And I said, any ask what's wrong with the people in Minnesota?”
And this was on the call. I said not one damn thing is wrong with the people in Minnesota. So it's it's being organized. It's being ready as elected officials. And I think what we learned in Minnesota, the coordination between different levels of government, because I think it was within a matter of minutes of of Renee's murder that Mayor Fry called right away.
And things were starting to be put in place, but just to be very clear. State and local governments were following the leads of the organic leadership on the streets and watching what did that.
And that actually, by side, it gives so it's one of the most important parts of this.
And I think most of the country got a lot of inspiration from it. But Minnesota and the cooperation with the federal government didn't seem at that point cooperative, at least with Greg Bavino, may he, whatever, and Pete. I know it's an easy one. He'll be on dancing with the Nazis someday. But, and with cash, Patel, as it turns out, if you'd give him a sterly beer, he would have been fine.
He likes beer. Chugs it. What? Like a fresh, what call is that? That's how it chugs.
Like a flank you're like, oh, we're a bad chug. What adult goes into a locker room that you had nothing to do with. And acts like it had to do with you.
You know, here's my take on this for what it's real. I was telling them backstage. He said, well, we got to be afraid.
I said, I don't care. I can say whatever I want right now. And so my thing is, here's something we have to bring back. Shame has to be something. These people don't feel shame. You have to be ashamed of yourself.
“I think the problem is you're dealing with people who are shameless.”
And I say that about the tech people. So if they don't have shame, they are shameless. So Minnesota residents, as you just know, they're just going to say that arrests are reportedly still happening every day, particularly in the suburbs. Talk about what local authorities are doing about it.
And then White House borders our Tom home and promised Minnesota would be down to 150 as agents by last week. Has he kept that promise? No, I don't believe so. And this is the other thing. It's very difficult for us to confirm that.
And one of the things is, I again, whether there is 650 here or not, the threat of them being here and the mental stress that puts on, especially our immigrant community. It doesn't really matter whether they're here or not.
It's interfering with their life. It's causing trauma. It's doing all of the same damage. And so I, no, I don't believe they probably have. They, they look, all of us here know.
She did not get fired because of what happened here. She got fired because of those ads. And they left Minneapolis not because they did something wrong. They left because it became politically damaged to them. I believe if they get an opportunity again,
they will do the same thing somewhere else.
“And that's why Minnesota, as I told you this,”
I was in Idaho last night for the Idaho Democratic Party. By the way, 1,200 people largest has ever been. 800 waiting to get their Idaho Idaho.
Every single, every single one of their,
they're outnumbered 102 to 13 in their legislature.
The Democrats are, but they have candidates in every single district. But when we got, we got to town. The Minnesota flag was unfurled on buildings as a sign of resistance. So. So I, it's talk about the Democratic Party on more metal level.
You went from almost being vice president to facing impeachment articles in your home state. And a lot of good luck with that. And a lot of people would argue that as bad as the Republican Party is, what makes a lot of progressives angry is the Democrats don't seem to quite frankly have their act together. We, we want to join a resistance.
But quite frankly, we want to, we want to join a more competent aggressive resistance. As someone who was on the front lines, right? You're the home of the Bob's blood. What observations and what advice would you offer to Democratic leaders around building a resistance that people are just quite frankly more excited to join. And have a more full, more full-throated response to being a part of.
No, I agree. Well, look, I've said it here and I might be the wrong person to say this because I, you know, I accept my responsibility because we would not be in this crap show if we had, if we had one.
“But what I think the Democratic Party is is one is.”
We're prisoners to kind of norms, morays that are out there. We're prisoners to our institutions. And I will give you this and I, the tech folks drive me as crazy as they do you. The one thing they possess and I will tell you, I don't do this on more of a rule follower. This idea of totally breaking something.
Now, I would usually think if you break it, you have a better plan to go forward. Democrats tend to be, you know, we got to listen to the system. We have to send a strongly worded letter. People are sick, a strongly worded letters. And I made this case.
I made this case in in 22. I said, if we're going to ask Minnesotans to vote for us and give us a try effect. And this was with Melissa Horton and Kerry D. Seek in the leadership there. I said, there, yes. And those two women knew it.
The Democratic Party, Scott, I think in the past has been. People want to see a direct connection to what they voted for and what they've worked for to an improvement in the life and the things they asked for. And I remember after that legislative session in 23, where we did paid family and medically fed our kids, you know, did child tax credit, 2040.
That whole listening, new flag, all of those things. I had a young staffer who worked on my reelection campaign on that. And we did cannabis and everything. And he looks at me and he said, well, this wasn't that hard. We got all this stuff done and I'm like, god dang, we've been at this for 20 years.
“But it was a real telling moment on this is, if you want to get people excited,”
you want to have them believe, then actually do something.
And here's what I say, I'm not going to give Donald Trump credit for anything.
But what I have learned from what they did, if they can break every institution to try and go into people's houses or to kill people in the streets or go into wars that are illegal, then we should be able to break all the norms to give universal health care. Break 'em off to protect things that we want. So who do you imagine best represents that right now in the Democratic Party?
Here's my take on this. I think right at this point and I think it's healthy. I think we should all agree. We need as broad as possible as we go past the broadest possible people out there as we move to 28. I don't know if that person's out there yet, but what I started last January,
I was doing town halls in West Virginia, Ohio, where I was saying, by the way, everybody's telling you, you know, the road to, you're, the road to totalitarianism, I said is littered with people telling you're overreacting and I said, we're not overreacting. I was encouraging everybody to enter the fray and fill their lane. Because I find great joy every day.
I regave a new some stuff that he's doing. There's joy in hitting him at that. There's, there's JB Pritzker's out there. There's a lot of people out there.
I don't know who's doing it, but here's what I learned.
Donald Trump can suck up so much oxygen. There isn't one single person that is kind of the counterweight to that. But what we saw in Minneapolis is strengthen numbers, strengthen unity. And I want a bunch of folks out there. We just have two more questions for you.
What does that mean for your political future? Well, I have 10 months to continue to build what we've done in Minnesota. Right, month 11.
“So yeah, I think I still have a voice to go out there and make the case to get young people involved again to get like in Idaho.”
That is pretty encouraging to be in there with 1200 people in Idaho who are sick as hell of what's going on. And they were there to, you know, what can we do about it?
How do we get organized?
So I think for me taking that message getting out there. I want to get out on the road after this and do some more and to help. And my goal is just to make sure and Scott, your point was there is not only to elect a Democrat. I want to make sure that that person we elect, we hold them accountable to passing the things we know we need to get done. How long have we fought on this health care thing?
The days of arguing that are over whoever wins in 28 in early 29 better fix the health care system in a way for people better strengthen middle class. I want to be part of that. Are you interested in that? Would New Hampshire be a place you might stop? Are you interested in running? I just interviewed Gavin. He died.
No, I am not. But I am interested in being a part of it. And in the ambassador's ship to the Bahamas, if that's available. Okay. All right.
I have one last question.
“Herschel Walker, by the way, is the ambassador to the Bahamas?”
Just so you. So, so. The last question is the Republicans using the scandal to it was partially one of the reasons you left, I think. Or maybe it wasn't you can correct me. But Republicans say the scandal proves Minnesota's social safety net is broken and Democrats say it proves we need better oversight, not fewer programs.
What is concretely changed since these stories broke and these and every state has it? Well, they broke five years ago and focused on it. And I remind people that we told the Department of Agriculture and they didn't do anything. But I all on this. What's changed is as we have pre-approvals.
We have things in place, but again, as you see this, they are not interesting stopping the fraud. They're interesting and taking away meals from kids. They're interested in taking away Medicaid from kids. And this is why this is not a victimless crime and it's why I'm so angry about this because it weakens people's trust in the institutions that are absolutely needed. What I would assure them is there's numerous things.
I will fix this. They won't. They've got corruption. But what I can tell you, we're not going to move one inch. We have the most generous social service programs and there's a reason that we rank at the top on our main category.
So my job is to clean those programs up, make them more secure, but I totally reject where they're at.
And to be lectured by people who spend a quarter billion on horses,
to be lectured by the crypto broids with Don Jr or whatever to watch the Trump family make money. And I remind people on this. I was the guy who authored the members of Congress shouldn't be able to trade stocks or own stocks. And I thought it was, I'll just leave you with this. That difference between fraud and corruption.
I really thought it was a flex when the Wall Street Journal did a big breaking story when I got on to the ticket and said, "We believe in our analysis that Tim Walls is the poorest person to ever run for vice president." Well, you didn't elect me to get rich, you elected me to do the job. And so I'm not going to, I'll take my beating, but we're not going to do it. So last question, you've had a rough year or you've had a stressful year.
“What advice would you have for young people who have this incredible scent and a professional life, which you have had?”
And then you faced a disappointment and you faced a tremendous amount of stress.
I was, we were talking backstage and I said incorrectly, I always feel like I know what to do, which is dangerous.
And I remember when I saw the situation here, I remember trying to put myself in the shoes of a government leader. I just would have been so flatfooted, I just wouldn't have known what to do. I can't imagine the stress and quite frankly the disappointment you have likely registered personally the last 12 months. How do you deal with that? What is your own process for managing stress and disappointment? And what advice would you have for young people who have mostly just known success and then face real stress and disappointment?
Well, I think the way you do look good. Yeah, it's like great. Thank you. Have you considered running for Governor California? Yeah, there you go. No, look, I approached this job. I was 40, a school teacher in Mancato. I had no political experience, no money and no connections.
I approached it as an opportunity that if I had a skill set that could help and it's the same way I told the vice president. I said, you pick the person who gets you elected. If you want me to go to Omaha and get a point, I'll do that. You just tell me what to do.
So I always approached it as its publics.
If this isn't my, my concern this year and especially around making a decision to run again. My number one concern was we needed to hold the seat, not for me to set the seat, but for us to hold the seat. And now Republicans are totally screwed because they're not going to win any elections in Minnesota. And so I, here's my advice to young people.
“And I've told my team this in these jobs and the decisions you have to make or whether it's at 4 a.m. to know your best friend had been killed or to watch George Floyd or those things.”
You elected me to make those decisions to best my ability, surround my seat people who could make good decisions. But I say the way you manage the stress on this is, as I know we make every decision in the best interest of Minnesota's.
We try and do it as ethically and as obviously following the law as possible.
That's the way you sleep at night knowing you did the best you possibly can.
And that because I've asked, I don't know if some of these people sleep in it might be what you said they're shameless. They don't have a conscience, but I would tell young people and it's what we need. They've got horrible role models right now in many cases, but there are public servants out there serving and there's numerous ways you can do this, whether it was to be on those streets. Whether it was to be in those food banks, whether it's be standing at the bus stops helping kids, whether it was be writing letters, whether it was be donating to the immigrant law center who's doing incredible work.
“Find a way to find a way to contribute because I think what what Donald Trump did and what social media in a modern world is done.”
Why we should be more connected. We feel more isolated and I always said this as a coach. I knew this that people it wasn't about the exes and owes it was about being part of something bigger.
And I know that sports gets overblown the analogy, but you get a pass, but go ahead. Trump figured it out. People go to those rallies because it's a place they want to go. He even gave him a uniform in the red hats and he made him feel like they were part of something. What you saw in Minneapolis was community is still real. It is still there. There are still places you can go places you can contribute. Find your community contribute to it. Make a difference because I think all of us know every research does this. It's far better to give and to help and minisotans, by the way.
None of this surprised the people in this room because it's all a correlation to highest voter turnout, highest volunteer rates, highest donations to charity. We do. And happy. Very, very last question. Are they still weird?
“If I had to do it again, I think I would have used Harsher language, but don't norm. Yes. They are cash but tell that little dude jumping around.”
I just don't know where. We have to and again, there's something about it that belonging whatever and I don't want to say it like flippantly or whatever, but people want to be part of an organization that they're proud of that things are happening. We have the capacity to do that and one of the things is more challenging for us. They set a small parameter and you either conform or you're out of the cult with us. We're proud of our broad big tent. But that also means we're going to have to figure out ways to make people feel more, more a part of it.
And so I think there's there's somebody out there. Look, there's a lot of exciting people out there.
And again, I swear this got that I would never, Beethoven works one of my dearest friends.
And after the last time Beethoven ran, I said, I'm not putting another penny in Texas dammit. It's taken money away. Now we got James Taylor Rico. I said, okay, I'm putting a penny in there. Anyway, I want everybody to thank Governor Waltz. Thank you, Governor. Yes, great. Thank you. Thank you. That was great. We really appreciate it. I liked his socks, his Minnesota socks. Did you see them? You want to see mine? A little different. It says 100% that bitch.
I'm not running anything but my mouth tonight. Anyway, all right, when we need to take a quick break and when we come back, we'll get to some of the latest headlines. Report for this show comes from Indeed. If you're looking to hire top tier talent with expertise in your field, indeed says they can help. Indeed, sponsored jobs gives your job the best chance at standing out and grants you access to quality candidates who can drive the results you need. Spend more time interviewing candidates who check all your boxes. Less stress, less time, more results. Now with Indeed, sponsored jobs. And listeners of this show will get a 75 dollar sponsored job credit to help get your job the premium status it deserves.
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Visit stonyfield.com to find stonyfield organic yogurt near you. Scott we're back recording live from the pantages theater in Minneapolis. Let's get to some news starting with target tarjay. It's one of the biggest employers here I know I know it's one of the biggest employers here in Minnesota has been getting heat for not pushing back on ice. And the Trump administration to Minnesota target employees who are US citizens were detained by federal agents back in January fueling protests and boycotts.
Target's new CEO gave an interview to the AP this week. He said the company is working to quote wind back trust and the employee and guest safety is there quote north star.
I have never heard such fucking nonsense in my life like I interview a lot of people and I knew Brian corner who used to run it for a long time.
I covered retail and I thought that opportunity was that interview was the worst interview I've seen in a while. It said nothing it was all talking points it went out on no limbs it was not brave it wasn't genuine. And people have a great emotional relationship with target they have over the years I mean there's other issues they have but. I thought it was a real missed opportunity for a CEO not to have a fresh start Brian had been tarnished and rightly so for dumping gay flags. Unless if that's the biggest deal in the fucking world.
And and it was an opportunity at missed obviously there's secular issues happening around retail but target for a while was really on a on a tear your thoughts. Yeah last century yeah. Like target target's a great company they carved out a great position the last 20 years they've returned about 7% a year.
“S&P's up 16% Walmart's up 23 so the bottom line is target is vastly underperform the market and that's what's such a shame I look at this through a shareholder lens.”
That was a big opportunity because I think the biggest commercial opportunity I've been saying this for six months is for someone to elegantly in a non personal way. Basically to say no and demonstrate that we have stronger fidelity to our stakeholders and the constitution without being personally vindictive around the Trump administration. This is a huge opportunity and it looks like Dario Amode is taking it in the last week when he's kind of refused to comply with certain Trump administration.
He's since backpiled a little bit but the annual occurring revenue of anthropic is gone from 14 to 19 billion.
So the opportunity for someone to push back was enormous and quite frankly the CEO target missed an enormous opportunity because right now with the city deserves is spine.
Not spin and this was just such a lost opportunity and I'm going to name drop...
This was a press release that was gang banged by about a dozen eight hundred dollar in our communications consultants that were worried about. Corrective different interpretations are used to ride CEOs press releases in their IR and like no more than two people can work on this because we'll get diluted into nothingness. And also what I like to remind CEOs of is when they get stressed out about saying something or potentially offending shareholders and like dude you're already rich and you're going to be dead soon.
So why wouldn't you say something this was such an enormous opportunity to say to basically stand up for employees.
“He would have been a national hero so many people would have said you know what I think I'm going to shop and target this week.”
This was the mother of all missed opportunities for shareholders. So why do you again besides the. I like that spine not spin you spent all day thinking that one up. I like it. I didn't ministerial it, but when you have that when when when when they didn't do that because again there are secular issues around retail we all know and we are aware of it.
And that even while my which was the juggernaut is only up 23%. But what would you this person worked as work there most of his career right as a career person. How difficult right now is it for CEOs to do things like that because you don't you can say you're going to be more and more of them. And Dario did back pedal a little bit like he said he's called Trump a dictator which is technically accurate. Yeah, but they but they but he kind of walked back saying I shouldn't have been so rash.
He's still doing the government for the behavior. But we've talked about this look what's needed is the following there's a lack of leadership amongst. So I'm friends of the kind of Jeffrey's Holland fell to run the leadership course of Yale who brings together the largest convocation of CEOs in the country.
“And I've been having dialogue with Jeff and I said Jeff you're the hero we need because the reality is you have to be empathetic.”
To it's very hard to go first right now.
And that is if you go first and you say I'm the president's enemy the largest customer in the world. Is the US government and also has the ability to basically new to your company and you do have a responsibility to employees and shareholders. So what's needed is collective action and that is somebody has to get 10 50 100 or the Fortune 500 CEO is to basically put out, you know, a real ladder saying this is just gone too far. And there are certain constitutional and democratic and civil rights that have made these companies the best performing companies.
Best performing organization in history is the US military the second best performing organization in the world is US corporation. And one of the reasons it's performed so well is basic separation of government and business uniform systemic laws that you get to a blind by your your compliant to but also you have the same treatment. And they could just put out a fairly a letter that says we're just not down with what's going on. And it needs to be 50 of them because right now what they all say and I've heard from probably about 20% of the companies were asking to resist and unsubscribe from.
And they all make a book point they're like it's really hard to go first.
So there's a lack of leadership or there's an opening for someone to organize a group of them to push back. But the fact that effectively in the last week, I think anthropic has become more valuable than open AI. You're going to see more knows all of a sudden a bunch of CEOs are going to reach down and find these spherical things and decide to speak up. Well, it's speaking of which let's go over anthropic the Pentagon is officially labeled as a supply chain risk. But the company says it won't impact business partners as much as pet excess implies.
And the band will only apply directly to contracts with the department. I'm going to call them Department of Defense because I feel because it's like the Gulf of America. Dario a Modi is also apologizing as he said from memo he basically said the White House punished anthropic for not offering quote dictator style praise. What is happening here there's a person as I've talked about the guy in the middle Michael who is a tech person. Yeah, who got who had to leave Uber under very bad circumstances including reporting by a organization I ran.
And really a bullying toti is how I would describe them. But he exact lets use him pretend he knows what's happening. Do you think he's they're going to try to go harder on anthropic now and what is the price because he did pull back some. What do you think went into that from a.
“I think they're distracted and the only way the only thing I'm fairly certain of is that.”
Again, I'll go back to my consulting desk. Actually a wonderful kid Ari is here as used to work with me, kid he's now three kids lives in Minnesota.
That means you're old but go ahead.
But I always used to say before we'd go in to talk to a board or management who's in the room that's not in the room.
And that is there's always a context or atmospheric in a room companies are highly politically charged places with leaders who have a disproportionate amount of influence even when they're not in the room. I'm like we're going in and we're talking about you commerce or shareholder value but who's in the room that's not in the room.
“And I believe almost every decision being made by this administration is two people who are in the room and not in the room.”
And that has been ever you see anyone dealing with the press or congressional testimony Roy Cohen is in the room. And if you look at Roy Cohen's record was Donald Trump's mentor. Attack attack attack insult lie deny never acknowledge attack attack deny insult. And basically that one of the greatest random motions of the U.S. government is there used to be a certain decorum and civility when you testified in front of Congress. We weren't that nation that broke into fist-to-cuffs where starts worrying water each other.
That's gone because Roy Cohen is in the room. The second person that is present in every room right now right every decision is Jeffrey Epstein. And I believe and I've said this over and over that there are two very or three very smart people armed with every LLM monitoring the temperature of the proximity between Trump and Epstein's name in the news. And when it gets above a certain temperature, they then ask the LLM for what action would create the most controversy. No matter how ridiculous it is, we're taking tariffs of 50% on Spain.
We're going to invade Cuba. It's start calling someone racist names that will push the temperature down again. I think that Roy Cohen and Epstein are literally in every room. So who is in Pete Heck's restroom besides Jack Daniels? No, really is this friend from high school.
I don't, I think. And probably grammar school looking at him. Yeah, I think that Dario's going to get let off the hook because my prediction is in the next two to four weeks. Other CEOs are going to step into the void, the vacuum of leadership here. So he'll get some help.
I think he'll get some cloud cover from other firms that will start saying anything. Any prediction of what firm that would be? I'm not going to be Jeff Bezos. I don't know. I really don't know. I feel like it might be Ted Serandos or someone like that because he doesn't give a fuck now.
Yeah, Ted is in a position to do it now. I mean, in fact, we're going to diversity here, but walking away. It's so funny if you wrote a book called the worst acquisitions in history. You just might as well call it Warner Brothers. And by the way, I wrote that book.
“You did not read it because you don't remember that book.”
The book on AOL. Yeah, I wrote too. Yeah. I was called there must be a pony in there. I was having a bottle of Lancers and watching and listening to Cisco when I read that.
Okay. And the English beat. All right, I finished up. I got this story.
But effectively, they walked away from $120 billion deal.
So they have $120 billion. They're stocked up 24% since walking away from a deal. I'll know the 60 billion. So my suggestion to Ted is, you know what? You've just saved $182 billion.
You know, it's worth $178. Disney, which has the most defensible business in all of entertainment, which is the parks. The reason I bring that up is, again, Warner Brothers is about to be the worst acquisition in history. Yeah. There's absolutely, there's a, there's a basic rule.
Sherry Redstone, Edgar Bronfman, Jr. Now David Ellison, the wonderful thing about income inequality. Unfortunately, because of our tax structure, we create Dynasties. But when we had a more sane tax structure where we taxed estates, because we didn't believe in Dynasties,
it had, we had didn't have such adequate control income inequality.
“Because here's the thing, rich, the kids of rich people are usually fucking idiots.”
And they usually spend, they usually spend all of their dads money, because they're under the impression that being rich makes them smart. And they start making really stupid decisions. Yeah, that's been my experience.
I always say, to one of them, I can't remember who it was.
One of these kids, I said, you know, it's that you were born. The only people paying these prices in media are the children of rich people. They are, but I mean, their ideas, they were born on third base, and they think they've hit a home run. And they haven't, and it will be a disaster.
You're right, speaking of unusual people. Some Elon Musk news. He was in a courtroom this week. Investors are suing him claiming his 20, 22 tweets about pausing the Twitter deal. Tank the stock price and cost them a ton of money.
Elon's defense, he says, he put the deal on hold, because he generally had concerns about bots and fake accounts. If the jury doesn't buy it, he could be on the hook for close to a billion dollars in damages. He's managed to, to anxious his way out of so many lawsuits. The Petal lawsuit, the other one where he said 420.
What do you think about this one? He really missed behaved in this case. He was forced to then buy it, of course. He literally fits the SEC definition of insider trading and market manipulation. If I had said, if I was on the board of a public company and said,
Made an announcement, tweeted that we had just.
That I was buying the company for $420 a share of the 60% premium and the funding was secured. And that wasn't true.
“I would never be on a public board again much less be an officer.”
And most likely I'd end up in jail. We have sent people to jail for much less than this. And this is the problem with this level of massive income inequality. And that is generally speaking, the one way AI might help is AI might actually be a means of enforcing the law unilaterally, which it is not now.
Because the reality is the top 1% are protected by the law,
but they're not bound by it and the bottom 99 are bound by the law, but not protected by it. And Elon Musk represents that in spades. And so what? Because most of the penalties from the law are civil penalties.
And there is no penalty big enough to get meta to stop putting out content and convince his teenage girls to stop cutting themselves. And there's no penalty large enough, no fine large enough, for Musk to stop lying and committing the types of SEC violations that the rest of us have to play by.
So what's going to happen here to him? Because he'll say he was concerned about Bazi. He had an ironclad deal with no due diligence that he agreed to. At some point, the laws, the penalties have to be a percentage of your wealth or the market cap of the company.
Because he might be fined as much as a billion dollars. If you have the average household wealth of a family in America, $120,000, that's equivalent of a $550 fine. Yeah, he's going to be a trillion-hour with the space-- So who cares?
He doesn't care. And he just throws money on lawyers at it. So do you think he'll win this case? Because he's won them all. I don't know enough about it.
What do you think? I think he might win it again.
“And I think he always manages to squeeze out of things.”
And he says, oh, he just didn't mean to say it. And he had real concerns. And we talked about this at the time. We're like, he's going to have to buy it. And we don't care what he says.
Oh, the court, the Delaware court was not impressed with him. He did not want-- he tried to do everything. He realized in a manic state, catamine. He did-- Yeah.
Twitter was worth $44 billion. And then when he sobered up, he's like, oh, and he did everything to try and get out of it. And the Delaware chancellor said, I'm just not that impressed by you. These agreements into the board-- the board of Twitter's like,
if this-- we don't care if this guy's really fucking high. If he wants to pass this much money, just send an agreement that they are tied. And they did that. And they wouldn't let him out of it. Because they knew that they was buying a $18 billion company for $44 billion.
Yeah. But he of course sailed out of that because the banks didn't foreclose on him.
“They did it because they wanted the next deal.”
And to be fair, the company is the form better than they thought. And he moved it into-- you don't know how it's performed. Well, Twitter-- most of the metrics are lower significant. The my understanding is advertisers have returned. That's not your answer.
My understanding is the business sucks as it always did.
And the numbers are down and threads owned by-- Huge inroads-- is now bigger than Twitter. It's still-- I mean, people still-- there's a lot of politicians on it, which-- and press that continue to stay on it. Scott and I left a long time ago, despite enormous audiences there.
I mean, this sincerely-- and I talk about this a lot. I struggle with anger and depression. And I try and go through a series of things that will be an unlock. And I try to keep track of what causes when I go dark. And one of the things I realize about fourth is a 20 to 25 very analytical.
20 to 25% of the time when I went dark. It was fucking something that happened on Twitter. Yeah, you used to get it. So I stopped using Twitter about three and a half, three years at last world cup. My suggestion is one of the most secretive things you can do
if you're mental health is not beyond Twitter. Yeah, I would agree. I would agree. I have not missed it. One bit.
I had-- I continually have tech pros saying you're really missing out. And what's there? And I'm like, oh, someone not calling me a Kant 50 times a day. I'm good. I'm real good with that.
What? Why does that make me happy? I don't know where that-- The word we need to be established is a good word to use. They used it in Britain.
You live there, right? That they call you that all the time?
Yeah, that's one of those words that I should never ever say
for any circumstance. Yeah, please don't even do see you next Tuesday. Yeah, no, no. Anyway, you are not word. I can.
And I use quite a bit. Anyway, all right. Next story, more than 1,500 transgender people in Kansas woke up this week to find their driver's licenses are now legally invalid. All thanks to a new state law enforcement to get new ideas that reflect the gender they were signed at birth. The law also has what critics are calling a bounty provision.
Where anyone who encounters a trans person in a public bathroom feels aggrieved can actually sue for damages. Courts are already pushing back with legal filing on the law something designed to, quote, "Discriminate against and dehumanize transgender people you think." These anti-trans laws are popping up across the country again.
We'll pushing back on this via winning or losing strategy for Democrats.
Obviously, the sports stuff did stick.
But as we get closer to mid-terms, this particular thing seems the most dehumanizing thing.
And the second thing is trying to, you need your license to vote.
People are immediately without a license or real idea to fly and everything else.
“And it's really, I think it's one of the coolest things that I heard to do to transgender people”
as yet among the many cruel things people do. Any thoughts about how to deal with a story like this? Be careful, Scott. So something David from said, kind of summarize how I feel about the Democratic Party right now. And that is if progressives won't enforce the border fascist will.
And we stick out our chin and we lose our fucking minds when we try to pass legislation that demands corporations have third bathrooms. Or when we let a trans woman, and I realize this is a wrong crowd for this, but I want to speak as I would anywhere else. Or we decide that a trans woman can compete in a woman's entity to a meet
on progressive look around cautiously and then applaud and call it inspiring. So you're telling me all metals, endorsement contracts, professional contracts,
all money, college scholarships are ultimately going to go just to people born with penises.
We lost our fucking minds. And then they move in and see an opportunity to demonize the community. And just quite frankly, cover it and respond with hate.
“So I think with the Democratic, and I'm torn on this, I think with the Democratic community”
needs to be thoughtful, it's like, look, we have civil rights. This is a community that deserves the same dignity as every other community. But no, we're not going to make it our front and center issue. This should be settled law and move on. But it's not settled.
They took away their licenses. This is where it goes. That, but the law in my opinion, my read of the law is there's no legal justification for taking away their licenses.
But don't make it the platform for the whoever's running for president.
I just think, these, I think a lot about, you know, I think a lot about masculinity. And I hadn't noticed them. And loosely speaking, I think of it as acquiring skills and strength in the service and protection of others. You don't, you might disagree with the trans community. You might not believe in a gender athlete, whatever your beliefs are.
But if you think of yourself as a man, right? And you see this kind of demonization? It doesn't matter your political views. You move to protection. This is just straight victimization.
So, where I land, where I land is, this should be settled law. Of course, you don't take their driver's license away. That's just stupid. But don't make it, don't make it the lead and opening debate for the presidential election. Because this is a community that, this is, I get it.
This is a really tough one. But we really screwed up on this one. And there are a lot of Americans that have a different viewpoint on this. But in my view, this is something where we say, all right, let's be reasonable. We're going to afford this community the same rights and dignity as every other community.
But it's not going to be a part of our platform that we like. I do think they're trying to, definitely trying to get us to stick our chin out.
“That same time, this, I think it actually is very helpful when they do this bounty provision thing.”
It just seems fucking mean. Like, I think just like everywhere else. Prosecution for no reason. It's, I think it had residents here in Minnesota. I didn't live here, but that definite.
North Dakota passed a law for no free play law, whatever it's called. So no trans athletes in high school. And then when they were asked to find a trans athlete in any high school, they couldn't find them. Yes, that's correct.
There's six of them. Anyway, it'll be an interesting thing going forward. But it's, it's stronishingly cruel and I think it will hit back at them, especially these bounties. I think there's a real trend that I think you and I talked about was.
A lot of people have immigration issues, a lot of people have this. And there are a lot of people who were sort of pro-Trump or voted for Trump. To me has said, but not this way, right? And I think there's a great deal of political strength to be saying, "Okay, you can have that view, but you really want to do this to people.
Do you really want to do that?" And I think Minnesota was sort of the absolute place for people who are like, "Are you fucking kidding me?" Like that kind of thing. And I think it does have resonance, especially when the citizens fight back
in a way that has a lot of dignity and grace and suffering also at the same time. So last one, this one is for you and it's our friends at the Minnesota Star Tribune, which we love. Minneapolis now leads the Midwest in only-fans subscriptions, according to new data from only-guider.
I didn't even know there was like a data for only-fans, but out of 167 cities, Minneapolis ranks fifth in the country per capita, and sixth in the world,
Minnesota Minneapolis residents spent more than $14 million on only-fans in 2...
First of all, what the fuck is going on with all of you?
“And Scott, will you be staying a little longer at Minneapolis?”
Yes. So I'm fascinated with only-fans, not for the reasons you think. It's exactly for the reasons you think. It reflects a lot of things about our society and economics. It's so 84% of the creators are women, 80% of the revenue.
I'm sorry, 80% of the creators are women, 84% of the revenue comes from men. It's the highest per employee revenue company in the world right now.
It's a bigger business in the New York Times at 7 billion.
And the number of registered users is greater than the population in the United States. It's effectively a transfer of it's basically the monetized health care in the United States. We monetize rage with social media and our monetizing male loneliness. And I think it's a symptom of something much more insidious and frightening. And that is young people aren't having enough sex.
And a lot of it is because young men are not leveling up and taking as much. They're taking way too much risk online, and they're not taking a risk enough for a scoff line. And I've found people when I say this, but I hold to it. I think we need to go.
“I think we need to celebrate young men's hornyness.”
But we need to celebrate it offline. And what I would say is that the killers of masculinity are the indoors. A lack of exercise, blaming immigrants, blaming women, and porn.
I think our killers of masculinity.
And I'm very good at doing. I'm going to bring this story back to myself. When I was about 24 years ago, I was at the Raleigh Hotel at the pool. On Sundays, they have a DJ day. And there was just a scorching hot woman.
And I said to myself, before I leave, I promised myself I was going to speak to her. And I'm going to speak to her. I'm going to speak to her. I'm going to make the approach. I promise I'm going to do it.
And without the benefit of alcohol, I'd check and doubt. Because I'm just not that interesting without alcohol. And so I went to get my car. And I had the valley ticket. Not that off fuck.
And I ran back in. And I went up to her and I showed her the valley ticket. And I said, I promised myself I was going to say hi to you. And I almost loved. Anyways, 18 months later, we gave birth to a son whose middle name was Raleigh.
[ Applause ] And let me be less aspirational here. I wasn't looking at her thinking I want lower rates on auto insurance. [ Laughter ]
“I think embracing or hornyness and wanting to have sex is a wonderful thing.”
It encourages you to level up. It encourages you to shower, it encourages you to have a plan. It encourages you to develop a kindness practice. It encourages you to work out. It encourages you to get girl friends who can teach you how to behave around women.
And when they see you're a decent dude. Maybe introduce you to some of their friends. Men need to level up. And the motivation for leveling up quite frankly is being so horny you're willing to take risks. Oh, wow.
[ Laughter ] And when you're quite frankly, jerking off twice a day to porn, which unfortunately through AI is getting more and more lifelike and more and more seductive, it's going to reduce your ability to do one of the most wonderful things in the world. And that is make your own bad porn.
[ Laughter ]
And let me just -- let me just finish this first.
I'm waiting for this, Dan. [ Laughter ] Well, let me just finish with this. I hate the Insel movement. In voluntarily sell a bit like it's soldered.
You face so many obstacles that you've just given up and you were like a badge of honor. Well, guess what? 99% of men through 99% of history have been in voluntarily sell a bit. I was in voluntarily sell a bit for the first 19 years of my life. [ Laughter ]
And this is what men do. They level up, such that they can be voluntarily in sell a bit. So the fact that, okay, welcome to the fucking work week, dudes. Level up, women are leveling up. That means you've got to raise.
You've got to level up, right? Develop the attributes. I coach young men. I call the rule of threes. If you work out at least three times a week and have data on this,
you spend at least 30 hours a week working outside of the house. And three times a month, you put yourself in the company of strangers in the agency of something bigger than you.
Church group, writing class, nonprofit, whatever it is.
And you're willing to talk to people and endure rejection, express friendship, express romantic interest.
Every father has an obligation to teach his son how to express romantic interest while making that woman or that man feel safe.
“That is an obligation you have to 45% of men, 18 to 22, have never asked a woman out in person.”
And there are not enough men leveling up and realizing at some point, if you do those three things, you win the top 5% of men. And what I tell these young men is that if you win the top 5% of young men for long enough, you will be trust me voluntarily in celibate. And the most wonderful thing in life, the most wonderful thing in life is building a life with a partner. And guess where it starts when dudes are really fucking horny, embrace their hornyness. All right, the theory of horny from Scott Galaway.
It's why we put a man on the moon and have vaccines. It was guys who wanted to get laid. In any case, many apples were going to let you off the hook because it's super cold here. But when the weather is lovely like today, you better get out there and fuck.
Apparently, according to Scott Galaway, I, of course, have never had a problem attracting people, but it's not going to happen for you tonight.
I'm going back to his house tonight, but I'm never happening. No, I can't even let me grow up. You always bring this up when it's loud. I don't, I have no idea what it's like, whatever. I mean, it's like, you're the reason I became a lesbian.
We'll take one more quick break and we'll be back with Scott's update on the impact of resist and unsubscribe. Support for the show comes from BMC. Before you trust A.I. to make your business decisions, before you can reliably scale automation across every workflow. Before all your data pipelines are connected with intelligence, your business faces some complex challenges ahead. Namely, tackling things including orchestration as a competitive advantage inifying your modern and legacy systems or transforming your main friend.
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Okay, so the agenda, why we did this, the weapon that's hiding in plain side,...
Okay, so what we don't recognize is we have a weapon hiding in a plain side. And that is the most radical act in capitalism is non-participation. If you go all the way back to COVID, which is the most quite frankly crispest, biggest government action in history, it wasn't against tens of thousands of people were dying, it was because GDP crashed 31%. The only time to trump administration responds is when the markets crashed.
“I start thinking, how can we send a signal to CEOs and to the president about our objection, what's taking place here?”
We want to rewire the incentives. Right now, the incentive for all CEOs in tech is to just comply. It's just to be of sequester to the president. We need to figure out a way, such that when CEOs, instead of complying, instead of providing data for surveillance, whatever it might be, they think there's a damp, potential downside to this.
And then also just personally, I have found that action absorbs anxiety. This is the first time in my life. I've had trouble dissociating from what's going on politically. And also, I think there's way too much courage behind a mic and behind a keyboard. And more of us need to have our off mic and our off keyboard actions,
foot to some of the virtue we claim to have when we get in front of a fucking keyboard. So, in a capitalist society, consumer spending, two-thirds, we are consumer driven economy. And also, the wealthiest among us are controlling more and more.
“So, if you want to hit the wealthiest you go after stock prices.”
And then, effectively, again, when we saw it was a greatest political response in history was when GDP crashed. I want to rewire the incentives, apologizing being redundant here. So, it's the weapon hiding in plain sight, economic strikes.
It really is a powerful lever.
And this is a brief history of economic strikes. And the one I was point to is the Montgomery bus strike. And there was a very cinematic moment where a courageous woman refused to give up her seat. A few months, economic strike, where approximately 300 cars a day, organized by a young revenue Martin Luther King, gave people carpools such that they didn't have to take the bus.
And, essentially, the municipal system started losing a quarter of a million dollars a month, and then after 13 months, they gave in and they desegregated the bus line. So, it needs to be sustained. And, essentially, our president does not seem to be moved by outrage. Not as much by protest and not as much by the Supreme Court, not as much by even his own Republican party.
He seems to be moved quite frankly by markets. And when he is withdrawn from discussions of annexing Greenland, or of crazy terrified is, it has been one thing has happened. It's been when the market has crashed. So, how do we send this signal to him?
“What I think is the soft tissue of the market right now is it's too concentrated.”
And that is somewhere between a third and 40% of the stock market, the S&P, is just a handful of companies. So, that's the soft tissue. We go after these companies, and then we go after the soft tissue of the soft tissue. And that is subscriptions. And again, these companies make up most of the market.
So, when Netflix just announces that for the first time they've lost subscriptions versus gaining them,
they lose $58 billion in market cap.
More recently, team mobile was supposed to do add 506,000. This is from a newspaper a couple weeks ago. They only added $495,000 to just an 11,000 Dalton subscriptions. They lost $30 billion in market cap. So, the amount of power we have when we strike the artery of these companies,
the organs of our corpus and government, with a blow around subscriptions, it really is the most impactful thing we can do relative to the amount of consumer disruption. Okay. So, what you're going to find when you go to resistant unsubscribe like me is you might even save some money. I found out that I had four AT&T contracts that for blackberries and iPads that would have been in landfills for 10 years.
So, these companies are smart and they make it very hard to unsubscribe. So, basically, the site is meant to navigate you to a link such you can unsubscribe really easily. And what we have found is that of the people who go there, approximately 5% actually unsubscribe, versus 4% in an e-commerce site.
And we have driven approximately one and a half million,
we're coming up actually on two million unique side visits without. Thank you. But the most exciting thing is we haven't spent a single dollar because neither alphabet or meta would take my money because it was quote unquote political in nature. Yeah, anyway.
So, how did we drive traffic? The thing that drove the most traffic was an article posted at NPR.org.
I was not expecting that.
I've also built a calculator where if you go on and type in who you're unsubscribe from,
and the size of your social media footprint, it will give you a sense for the economic impact. So, I'll give you an example. If you have, if you and your family or you have a decent sized social network, and you unsubscribe from chatGPT, $240. Based on the size of your social network, if it's decent, you get another three people.
So, four people unsubscribe, and that's $960 in lost revenue. Because this company is trading at 40 times revenues, that is essentially about a $38 or a $40,000 hit to their market cab, just with you unsubscribe and then posting it on social media. Again, this is needs to be a sustained effort of small actions adding up over 13 months.
So, Instagram, we have huge views and pick up because we had some celebrities talk about it,
and then tried to, the cloud cover, actually I did a month doing a bunch of research on protests, as media coverage, we've pelted you with this before. I've been a total horror, I'm going on everything right now. But media coverage is important, because if you look at when ABC acquiesce input camele back on the air, it was actually when unsubscribe were going way down, but the media coverage had picked up because it hurts morale internally.
So, what's next? So, what I'm trying to do is figure out a way to sustain this movement, and I'm going to be hiring someone full-time and recognizing that we had some good momentum, and we don't want to give it up after a month, and try and add some innovation to it, and continue to drive traffic to the site.
Also, where is that kind of red line, right? Like, what was your sort of last-draw moment? And for me, quite frankly, it happened here. When we had a member of the cabinet described a nurse taking care of veterans as a domestic terrorist, I just can't-- I want you to know, and I'm fairly confident of this, I don't have research.
“I think there are tens of millions of Americans that just feel your fucking rage right now.”
[ Applause ] Okay. [ Applause ] So, we have a lot of companies. We're going to spend a few weeks focusing on one, specifically chatGPT,
and an unsubscribe movement around chatGPT. Also, I think there's essentially we get poor if we don't have systemic laws that affect all companies, when we start punishing some companies and rewarding others, with one of the reasons that America trades at the highest P multiple. In other words, if you create a dollar at target,
the shareholders get $27, whereas retailers in Japan get much less and in Germany.
And one of the reasons, great research universities, incredible risk aggressiveness,
deepest pools of capital. But the reason we have the deepest pools of capital is because of those things, but also rule of law, where they believe that if they invest in a company, they know what the company is going to get to do, or it'd be enabled to, or be restricted to, because the laws are supposed to be applied equally.
So when we have these one-off punitive efforts, the result in CEOs bending in need of the president, it not only is embarrassing and not only denies us of our civil rights and our civil liberties, it's going to make us poorer over the long term. And we don't realize how good we've had it for so long. Effectively, if you think of it, we have $5 million for every startup in this nation.
Europe has one million. We have five times the amount of risk capital here,
“and I think it's in large part, because until recently, we had a set of consistent,”
systemic laws that applied to everybody in terms. If, if Palantir or Andero want to make weapons, or provide the government with information to surveil citizens, if it's legal, they're allowed to do it. But at the same time, if a company doesn't want to work with the department of defense, they're allowed to do that as well.
And the big myth over the last year is that the markets have performed well. If you look at the crash in the dollar, we're 21 out of 23 right now. We have underperformed every market, except for New Zealand and Denmark since President Trump. That was inaugurated. What I would say is one of my role models around this is Heather Cox Richardson.
I think it's really easy to be reproved. [applause] I got about two minutes from our wrap-up.
“I think it's really easy to be resigned or bereft to the notion that we're in uniquely dark times.”
That this is the worst it's ever been. That just isn't true. This nation has survived plague, civil wars, world wars, unbelievable economic disasters.
We were in turning families because they were Japanese and what was effective...
Not that long ago, and many of those families had sons serving in the European theatre. But what happened to each of those instances is that Americans were equal to the moment in our democracy came back stronger. And effectively, that's the question now. Are we equal to this moment?
And my fear is that people such as myself that effectively I would describe my economic history is unprecedented typhoon like winds in my sails, while paying the lowest taxes in history.
Never asked to serve in the military.
Never really asked a volunteer, incredibly low tax rates. Free education, UCLA and Berkeley, unbelievable technology paid by middle-class investors at DARPA. I got assisted lunch. I got pelgrance.
“And I've paid, I think, my average tax rate.”
And I talk openly about this has been about 20% for the last 10 years. So in some, and I think there's a lot of you like me in this room. I have a debt. Our objectives are to send a signal to consumers that they have a weapon hiding in plain sight. And to create a series of incentives among CEOs that there's a downside to enabling this to prey behavior.
The weapon hiding in plain sight is economic strikes. Most radical act in a capitalist society is not participation.
I talked a little bit about what we built.
And we're going to continue to innovate around it and continue to try and drive traffic to it. I'm going to hire full-time resources in probably focusing on a narrower set of companies to send a stronger signal. And what I would ask each of us, and I think we've been inspired by some of the sacrifice of many of you have demonstrated. What I'm asking of a lot of people, especially my generation, is do you have a debt? Are we equal to this moment?
Thank you. [Applause] All right. Thank you, Scott. So, again, one of the things you can go to Scott's site,
Resistant and Unsubscribe from one thing that you don't fucking need. And you don't need it all. That's all. And it does build. There is one of the great things about Minneapolis was there's a stone soup quality to all this.
We all can contribute. There's talking to your legislators. It's talking to people at work, talking to your community, organizing community groups, things like that.
And the most important thing, the absolute most important tool in your entire kit beside your wall and everything else is to vote.
Voting is the most critical and important tool in this to do. Scott always surprises me with things like this. And I think it's really important, and you can ask a million questions of why it won't work. But Scott says, "What could go right?"
“And so that's how you should think about it.”
People of Minnesota, thank you so much from the rest of us. Thank you, Minnesota. [Applause] When history is written, this will be one of the main stories of this era. And I'm telling you, it's changed, everybody's, it has.
You don't think it has. The sacrifices, but more of it, even if it seems like an incredibly steep price to pay. Across the country, people, it inspired people in a way that is, I think, going to change things rather significantly. But it's not over. Just remember, there's still these sons of bitches keep coming.
Anyone who's, in any marginalized group, like they keep coming. And so you've got to keep vigilant against what they're doing. And don't assume they're ever going to go away. And so it's, that's true. That too.
So keep going, Minnesota. We have got your back. We really appreciate this.
“And we're so thrilled to have done this here.”
And we will be back this year. And you can catch tonight's show on YouTube and in your podcast feeds. That's all the time we've got for today. Thank you, Minneapolis. Thank you, Minneapolis.
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