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All In Podcast Episode 138 Recap and Notes Jul 21 2023

July 21 2023


  • Sacks and Chamath are neighbors in Italy
  • Vivek Ramaswamy!
  • Started as biotech investor at a hedge fund
  • Did law school
  • Then started a company
  • Roivant did well - $10B company now, returned $1B to shareholders
  • Starting 2020 he started getting a more public profile
  • Books - Woke Inc and Capitalist Punishment and Nation of Victims
  • Sees a void in young people
  • Lack of family and religion
  • So sees people gravitating towards causes of race, gender, sexuality, climate
  • What is the alternative?
    • National identity
    • Unapologetically nationalist
    • American exceptionalism - that is his platform
  • Fiscal responsibility and spending
    • Most of national history we have grown 3-4% but now its 1.5%
    • Can’t really cut spending without establishing trust first
    • Drill, frack, burn coal
    • Nuclear energy - double down on this by interestingly shutting down Nuclear Energy Commission
    • Paying people to stay at home is an obstacle for growing GDP
    • Will only promise stuff he can get done as President instead of promising stuff that you need Congress for
    • Immigration
      • Merit based immigration
      • No hard cap - but adaptable
      • US military on southern and northern border
      • Part of merit is not just skills but also civic commitment to this country
  • Foreign Policy
    • Ukraine has become a new religion
    • American exceptionalism - is it foisting our values on others like Afghanistan, Iraq, Ukraine, etc?
      • While not taking care of our backyard - don’t have to go outside to see the third world
    • What to do now
      • Korean War style armistice
      • No Ukraine into NATO, and keep current LOC frozen in return for exiting military alliance with China
    • Will defend Taiwan until we achieve semiconductor independence
  • Why is Trump doing so well in the polls?
    • Same identity crisis?
  • SV Banking crisis
    • Believes govt should have stayed out and people take a 6% haircut
  • Trump thoughts
    • Thinks he was successful
    • ISIS not as strong as earlier
    • Didn’t start a war
    • 30% of the country loses their mind when he becomes President
      • Disagree with policies they might otherwise agree with
    • Bad judgement vs crime
  • Campaign Strategy
    • Grassroots campaign is going well
    • Not getting big checks
  • Department of Education
    • Inverse correlation between how much a public school spends and educational outcomes for those schools
      • Take the difference, split it, in spending between expensive school (bad) and cheap school (good) and invest it for that kid - they get $250K when they become an adult
  • Gender ideology
    • Gay rights vs Trans rights
      • Equivalence with Iran’s position on gay rights
  • Roe v Wade
    • States issue
  • Defense budget
    • Deeply skeptical of military state
    • Would pardon Julian Assange
    • Would pardon Edward Snowden
  • Division within republican party over Ukraine
    • Prioritize another country vs domestic problems
    • Disconnect between GOP base (attendees to some conference recently wanted 95% non-involvement) that doesn’t want to prioritize it vs leaders who do it
  • Covid
    • vaxed against covid
    • Critical of Anthony Fauci
    • Precisely in times of emergency does free speech become more important
  • Italy stories
    • 2 years ago Jason’s photo was used by people to find where Chamath’s beach club was and reached their to pitch their startup
    • Last year Sacks and Chamath met an Australian fan who liked their pod and Chamath said the pod should continue because he likes being famous 🙂
  • Debrief
    • Trump had a big effect on the republican party
      • Nationalist orientation - other countries also went right as a result: Italy, UK, (maybe Spain)
    • Vivek is running a smart campaign
      • Too smart and articulate vs Trump so might not appeal to enough voters
      • If you want to viral you have to lean in on the topics of the day
    • Rumor that Vivek is a Trump surrogate
    • Positive that private people like Trump, RFK Jr, Vivek are rotating into politics - we should not have career politicians
  • Mars pictures

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