Episode
E88: First principle politics, China chaos & outlook, state of private/public markets & more
1:44:02
Published: Fri Jul 22 2022
Description
0:00 Bestie intros 1:45 First principle politics, analyzing each party's cynicism 48:07 Chaos in China: bank protests, housing protests, slowing economic and population growth, future outlook 1:09:21 Automation and the impact of the information economy 1:16:31 BlackRock loses $1.7T of investor money during H1 2021, state of private and public markets 1:36:36 Amazon acquires One Medical Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg Intro Video Credit: https://twitter.com/TheZachEffect Referenced in the show: https://twitter.com/pelositracker_/status/1549535561718714368 https://www.politico.com/news/2022/07/20/biden-pelosi-trip-taiwan-china-military-00047031 https://www.wsj.com/articles/nancy-pelosis-taiwan-education-china-taipei-military-defense-11658265311 https://www.reuters.com/world/us/china-warns-forceful-measures-if-us-house-speaker-pelosi-visits-taiwan-2022-07-19/ https://www.tesla.com/blog/tesla-repays-department-energy-loan-nine-years-early https://housestockwatcher.com/summary_by_rep/Hon.%20Nancy%20Pelosi https://www.thedailybeast.com/democrats-quietly-try-to-jam-nancy-pelosi-on-stock-trading-ban https://poll.qu.edu/poll-release?releaseid=3852 https://www.nytimes.com/2022/07/19/opinion/democrats-far-right-midterms.html https://www.washingtonpost.com/politics/2022/07/19/trailer-desantis-beats-trump-democrats-bet-maga-more-lessons-latest-fundraising-quarter/ https://www.reuters.com/article/obama-abortion/obama-says-abortion-rights-law-not-a-top-priority-idUKN2946642020090430 https://twitter.com/micsolana/status/1549868945640914951 https://www.washingtonpost.com/opinions/2022/07/18/spanish-language-media-disinformation/ https://www.nytimes.com/2022/07/19/world/asia/china-bank-scandal-protest.html https://twitter.com/WallStreetSilv/status/1549790086656581640 https://www.nytimes.com/interactive/2019/01/17/world/asia/china-population-crisis.html https://www.ft.com/content/91441aca-1665-4660-843f-9cf7222becff https://datacommons.org/place/country/CHN https://www.bloomberg.com/news/articles/2022-06-22/china-housing-market-slowdown-drags-economy https://www.wsj.com/articles/chinas-economic-distress-deepens-as-lockdowns-drag-on-11652703162 https://www.bbc.com/future/article/20220531-why-chinas-population-is-shrinking https://data.worldbank.org/indicator/sp.dyn.tfrt.in?locations=cn https://www.wsj.com/articles/xi-jinping-aims-to-rein-in-chinese-capitalism-hew-to-maos-socialist-vision-11632150725 https://www.thinkadvisor.com/2022/07/20/how-blackrock-lost-1-7t-of-clients-money/ https://www.nytimes.com/2022/07/21/business/amazon-one-medical-deal.html https://www.bloomberg.com/news/articles/2022-07-21/ex-coinbase-manager-arrested-in-us-crypto-insider-trading-case
Chapters
The speaker recounts a physical altercation that took place in the Piazzetta while on vacation, involving a woman wearing a white wife beater who was talking back to the speaker.
00:00 - 00:35 (00:35)
Summary
The speaker recounts a physical altercation that took place in the Piazzetta while on vacation, involving a woman wearing a white wife beater who was talking back to the speaker.
EpisodeE88: First principle politics, China chaos & outlook, state of private/public markets & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
A discussion on the political landscape of Ohio in the upcoming elections, with emphasis on predicting the outcome of the race.
00:35 - 03:03 (02:28)
Summary
A discussion on the political landscape of Ohio in the upcoming elections, with emphasis on predicting the outcome of the race.
EpisodeE88: First principle politics, China chaos & outlook, state of private/public markets & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The Democrats have vacated space in the political spectrum, leaving an opening for Trump to appeal to Hispanics, moderates, and immigrants with his messaging of eliminating government inefficiencies and excess spending.
03:03 - 10:53 (07:49)
Summary
The Democrats have vacated space in the political spectrum, leaving an opening for Trump to appeal to Hispanics, moderates, and immigrants with his messaging of eliminating government inefficiencies and excess spending.
EpisodeE88: First principle politics, China chaos & outlook, state of private/public markets & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The government should offer low-interest loans with warrants to incentivize semiconductor manufacturing companies to onshore their production in the United States, according to this podcast episode.
10:53 - 15:22 (04:29)
Summary
The government should offer low-interest loans with warrants to incentivize semiconductor manufacturing companies to onshore their production in the United States, according to this podcast episode. The guest argues that such a move would benefit both the government and the industry, and shares their thoughts on the proposed US Innovation and Competition Act of 2021.
EpisodeE88: First principle politics, China chaos & outlook, state of private/public markets & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The Democrats' focus on issues like the border, crime, and critical race theory is aimed at appealing to the donor class, but the approach could backfire and result in red wave victories in November.
15:22 - 21:33 (06:11)
Summary
The Democrats' focus on issues like the border, crime, and critical race theory is aimed at appealing to the donor class, but the approach could backfire and result in red wave victories in November.
EpisodeE88: First principle politics, China chaos & outlook, state of private/public markets & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The conversation examines the cynicism behind using abortion rights as a political tool and discusses whether the delay in codifying Roe v. Wade was strategic for fundraising purposes.
21:33 - 26:12 (04:39)
Summary
The conversation examines the cynicism behind using abortion rights as a political tool and discusses whether the delay in codifying Roe v. Wade was strategic for fundraising purposes.
EpisodeE88: First principle politics, China chaos & outlook, state of private/public markets & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker believes that the fiscal conservative social liberals is the lowest self-identifying quadrant in politics.
26:12 - 30:47 (04:34)
Summary
The speaker believes that the fiscal conservative social liberals is the lowest self-identifying quadrant in politics. He further added that the Democrats would prefer to appeal to the donors living on the coast rather than winning the issue.
EpisodeE88: First principle politics, China chaos & outlook, state of private/public markets & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Chamath Palihapitiya discusses the need for radical competence, fiscal conservatism, and progressive social change in government spending.
30:47 - 37:45 (06:58)
Summary
Chamath Palihapitiya discusses the need for radical competence, fiscal conservatism, and progressive social change in government spending. He highlights the importance of focusing on needs and efficiency rather than bloated spending and giving in to wants.
EpisodeE88: First principle politics, China chaos & outlook, state of private/public markets & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker believes the progressive approach on issues such as CRT, crime, and borders is intolerant towards traditional Americans.
37:45 - 43:51 (06:05)
Summary
The speaker believes the progressive approach on issues such as CRT, crime, and borders is intolerant towards traditional Americans. However, the speaker himself generally aligns with the socially tolerant position and suggests devolving the right to determine relevant policies to individual states.
EpisodeE88: First principle politics, China chaos & outlook, state of private/public markets & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The first two years of the Biden administration were a missed opportunity due to the belief that the party is too polarized to get anything done.
43:51 - 50:13 (06:22)
Summary
The first two years of the Biden administration were a missed opportunity due to the belief that the party is too polarized to get anything done. The article in the Washington Post indicates that the fake news problem in the Spanish language has contributed to why Hispanics have moved in large groups.
EpisodeE88: First principle politics, China chaos & outlook, state of private/public markets & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The Coronavirus pandemic has led to many problems in China including the decline of the VC industry and the inability of founders to raise money.
50:13 - 54:08 (03:54)
Summary
The Coronavirus pandemic has led to many problems in China including the decline of the VC industry and the inability of founders to raise money. With one person at the top making decisions, the long term implications could be costly.
EpisodeE88: First principle politics, China chaos & outlook, state of private/public markets & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The Chinese economy is facing a fundamental slowdown which affects banking, mortgages, real estate, and the surging middle class, whose expectations of life have risen, and this may be just the beginning.
54:08 - 58:58 (04:50)
Summary
The Chinese economy is facing a fundamental slowdown which affects banking, mortgages, real estate, and the surging middle class, whose expectations of life have risen, and this may be just the beginning. The global slowdown, plus inflation, has caused a stress test on every country.
EpisodeE88: First principle politics, China chaos & outlook, state of private/public markets & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
This podcast highlights the significance of entrepreneurship, high growth companies, and the role of capitalism and venture capital in creating opportunities for global economic growth.
58:58 - 1:04:03 (05:05)
Summary
This podcast highlights the significance of entrepreneurship, high growth companies, and the role of capitalism and venture capital in creating opportunities for global economic growth. It also emphasizes the negative consequences of slow growth in countries without safety nets as their populations age.
EpisodeE88: First principle politics, China chaos & outlook, state of private/public markets & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The increased adoption of manufacturing technology such as 3D printing, automated manufacturing, and bio manufacturing has led to the creation of new service-based jobs that were previously non-existent.
1:04:03 - 1:11:33 (07:29)
Summary
The increased adoption of manufacturing technology such as 3D printing, automated manufacturing, and bio manufacturing has led to the creation of new service-based jobs that were previously non-existent. However, investment in technology has also resulted in job loss in industries that rely on manual labor for production.
EpisodeE88: First principle politics, China chaos & outlook, state of private/public markets & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
This episode discusses how AI can be used as a tool in creative fields such as video game design and film-making, allowing for thousands of people around the world to create incredible movies and other forms of art.
1:11:33 - 1:16:37 (05:04)
Summary
This episode discusses how AI can be used as a tool in creative fields such as video game design and film-making, allowing for thousands of people around the world to create incredible movies and other forms of art.
EpisodeE88: First principle politics, China chaos & outlook, state of private/public markets & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The skills of private and public market investing are different, and one should tend to focus on finding opportunities within series B, C, and D.
1:16:37 - 1:36:52 (20:15)
Summary
The skills of private and public market investing are different, and one should tend to focus on finding opportunities within series B, C, and D.