Episode
E89: GDP growth negative in Q2, $SHOP layoffs, Alzheimer's fraud, Ginkgo acquires Zymergen & more
1:27:55
Published: Fri Jul 29 2022
Description
0:00 Bestie intros! 2:19 GDP growth is negative for a second consecutive quarter, but is the US actually in a recession? How has the White House controlled the narrative? 22:45 Looking at COVID trends with a post-COVID view: e-commerce, remote work, and how they correlate 36:33 "Inflation Reduction Act", how government subsidies can stifle innovation 59:50 Alzheimer's fraud, Ginkgo acquires Zymergen for $300M 1:17:36 Democrats backing MAGA candidates in primaries vs. more moderate republicans: savvy and cynical or too risky? 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://www.bea.gov/news/2022/gross-domestic-product-second-quarter-2022-advance-estimate#:~:text=Real%20gross%20domestic%20product%20 https://news.shopify.com/changes-to-shopifys-team https://www.google.com/finance/quote/TDOC:NYSE https://www.wsj.com/articles/whats-in-joe-manchin-and-chuck-schumers-reconciliation-deal-on-climate-health-and-tax-policy-11658973323 https://twitter.com/jamiedupree/status/1552406981637545993 https://www.nytimes.com/2022/07/24/world/africa/congo-oil-gas-auction.html https://www.science.org/content/article/potential-fabrication-research-images-threatens-key-theory-alzheimers-disease https://www.nature.com/articles/s41380-022-01661-0 https://www.pharmaceutical-technology.com/news/ginkgo-acquire-zymergen/ https://www.nytimes.com/2022/07/26/us/politics/democrats-john-gibbs-peter-meijer.html https://twitter.com/ConanOBrien/status/1552358211986006019 https://twitter.com/maga_cy/status/1552360064693915648
Chapters
Fieberg talks about a free game about cats he downloaded and is enjoying, as well as his own personal burn rate.
00:00 - 02:02 (02:02)
Summary
Fieberg talks about a free game about cats he downloaded and is enjoying, as well as his own personal burn rate.
EpisodeE89: GDP growth negative in Q2, $SHOP layoffs, Alzheimer's fraud, Ginkgo acquires Zymergen & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
A discussion on the White House's attempt to redefine the technical recession and the simplicity of the past two-quarters-of-negative-GDP-growth definition.
02:02 - 08:28 (06:25)
Summary
A discussion on the White House's attempt to redefine the technical recession and the simplicity of the past two-quarters-of-negative-GDP-growth definition.
EpisodeE89: GDP growth negative in Q2, $SHOP layoffs, Alzheimer's fraud, Ginkgo acquires Zymergen & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The real equilibrium economic growth rate is uncertain because of the absence of an era without federally introduced spending or quantitative easing since the great financial crisis, causing uncertainty around inflation rates and market distortions.
08:28 - 12:35 (04:06)
Summary
The real equilibrium economic growth rate is uncertain because of the absence of an era without federally introduced spending or quantitative easing since the great financial crisis, causing uncertainty around inflation rates and market distortions.
EpisodeE89: GDP growth negative in Q2, $SHOP layoffs, Alzheimer's fraud, Ginkgo acquires Zymergen & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The economy experienced a severe recession in 1981-82 but by 1983, it was recovering with lower interest rates, solving the inflation problem.
12:35 - 20:37 (08:02)
Summary
The economy experienced a severe recession in 1981-82 but by 1983, it was recovering with lower interest rates, solving the inflation problem. Despite the COVID-19 pandemic, e-commerce businesses like Shopify, Peloton, a firm, and ARK are thriving, with stocks trending positively in the market.
EpisodeE89: GDP growth negative in Q2, $SHOP layoffs, Alzheimer's fraud, Ginkgo acquires Zymergen & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Tech companies, such as Amazon, Apple, and Facebook, are grappling with how to approach work in a post-COVID world, with some opting for hybrid models and others struggling to get employees back into the office.
20:37 - 26:37 (05:59)
Summary
Tech companies, such as Amazon, Apple, and Facebook, are grappling with how to approach work in a post-COVID world, with some opting for hybrid models and others struggling to get employees back into the office. The pandemic has also accelerated trends such as remote work and telemedicine, which may stick around even after the virus has subsided.
EpisodeE89: GDP growth negative in Q2, $SHOP layoffs, Alzheimer's fraud, Ginkgo acquires Zymergen & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
With remote work, it's easy to fall into the trap of slacking, spending time on leisure activities such as smoking weed and playing video games.
26:37 - 32:20 (05:43)
Summary
With remote work, it's easy to fall into the trap of slacking, spending time on leisure activities such as smoking weed and playing video games. There's a need for businesses to assess productivity and performance in this rapidly changed workforce to gain a competitive advantage in the market.
EpisodeE89: GDP growth negative in Q2, $SHOP layoffs, Alzheimer's fraud, Ginkgo acquires Zymergen & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The podcast discusses how to successfully manage knowledge in remote work by switching to a right-first culture, developing writing skills, using Notion or Coda page for updates, and implementing peer programming for programming-related works.
32:20 - 35:42 (03:21)
Summary
The podcast discusses how to successfully manage knowledge in remote work by switching to a right-first culture, developing writing skills, using Notion or Coda page for updates, and implementing peer programming for programming-related works.
EpisodeE89: GDP growth negative in Q2, $SHOP layoffs, Alzheimer's fraud, Ginkgo acquires Zymergen & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Joe Weisenthal discusses how both the Republicans and Democrats feel double-crossed by Senator Joe Manchin on the latest infrastructure bill, and how additional distortions have been created in the economy due to government intervention.
35:42 - 39:37 (03:54)
Summary
Joe Weisenthal discusses how both the Republicans and Democrats feel double-crossed by Senator Joe Manchin on the latest infrastructure bill, and how additional distortions have been created in the economy due to government intervention.
EpisodeE89: GDP growth negative in Q2, $SHOP layoffs, Alzheimer's fraud, Ginkgo acquires Zymergen & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Biden's infrastructure plan includes $20 billion in loans to build new clean vehicle manufacturing facilities across the U.S. and $2 billion to revamp existing auto plants to make them clean.
39:37 - 42:53 (03:15)
Summary
Biden's infrastructure plan includes $20 billion in loans to build new clean vehicle manufacturing facilities across the U.S. and $2 billion to revamp existing auto plants to make them clean. Additionally, the plan proposes $10 billion investment tax credits and $30 billion for additional production tax credits to accelerate domestic manufacturing of clean energy technologies.
EpisodeE89: GDP growth negative in Q2, $SHOP layoffs, Alzheimer's fraud, Ginkgo acquires Zymergen & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Consumer adoption patterns show that 5% mass market adoption is the tipping point from early adopters to the mass market.
42:53 - 47:44 (04:51)
Summary
Consumer adoption patterns show that 5% mass market adoption is the tipping point from early adopters to the mass market. The incentives provided by the government can significantly drive sales of new electric vehicles.
EpisodeE89: GDP growth negative in Q2, $SHOP layoffs, Alzheimer's fraud, Ginkgo acquires Zymergen & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
There are opinions that government intervention is not necessary to resolve climate change, because changes are a matter of time and natural evolution.
47:44 - 51:47 (04:02)
Summary
There are opinions that government intervention is not necessary to resolve climate change, because changes are a matter of time and natural evolution. What is important is to change the way things are produced and made, as this will drive the transition toward a better future.
EpisodeE89: GDP growth negative in Q2, $SHOP layoffs, Alzheimer's fraud, Ginkgo acquires Zymergen & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Freebrick and the speaker discuss the potential negative impact of government subsidies on markets, including the distortion of true supply and demand in industries like food, energy, and infrastructure.
51:47 - 58:40 (06:53)
Summary
Freebrick and the speaker discuss the potential negative impact of government subsidies on markets, including the distortion of true supply and demand in industries like food, energy, and infrastructure. They suggest that the government should focus on seeding new markets and identifying quantum leap efficiencies instead.
EpisodeE89: GDP growth negative in Q2, $SHOP layoffs, Alzheimer's fraud, Ginkgo acquires Zymergen & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Funding and grants worth over a billion and a half dollars have been given out for Alzheimer's research programs since the initial paper.
58:40 - 1:04:56 (06:16)
Summary
Funding and grants worth over a billion and a half dollars have been given out for Alzheimer's research programs since the initial paper. However, an analysis published by Science showed that the protein recognition images in the paper were forged, casting doubts on the leading theory of Alzheimer's disease.
EpisodeE89: GDP growth negative in Q2, $SHOP layoffs, Alzheimer's fraud, Ginkgo acquires Zymergen & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
There is no concrete proof that SSRI drugs positively affect depression, despite the billions of dollars invested and the annual earnings of drug companies.
1:04:56 - 1:10:42 (05:46)
Summary
There is no concrete proof that SSRI drugs positively affect depression, despite the billions of dollars invested and the annual earnings of drug companies. Scientists are incentivized to support this research, despite the lack of evidence.
EpisodeE89: GDP growth negative in Q2, $SHOP layoffs, Alzheimer's fraud, Ginkgo acquires Zymergen & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Synthetic biology company, Josh Hoffman and his team set out to create a factory using biology, but discovered that although the science worked in the lab, scaling it up presented a whole new set of challenges.
1:10:42 - 1:13:32 (02:49)
Summary
Synthetic biology company, Josh Hoffman and his team set out to create a factory using biology, but discovered that although the science worked in the lab, scaling it up presented a whole new set of challenges.
EpisodeE89: GDP growth negative in Q2, $SHOP layoffs, Alzheimer's fraud, Ginkgo acquires Zymergen & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The journey from science to technology to industry in synthetic biology can be filled with challenges and errors, often resulting in outcomes different from what was initially expected.
1:13:32 - 1:17:33 (04:01)
Summary
The journey from science to technology to industry in synthetic biology can be filled with challenges and errors, often resulting in outcomes different from what was initially expected.
EpisodeE89: GDP growth negative in Q2, $SHOP layoffs, Alzheimer's fraud, Ginkgo acquires Zymergen & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The Democratic Party is funding MAGA candidates by spending $50 million in the primary season, a controversial move that has raised eyebrows.
1:17:33 - 1:19:46 (02:12)
Summary
The Democratic Party is funding MAGA candidates by spending $50 million in the primary season, a controversial move that has raised eyebrows. While the discussion of SSRIs is still ongoing, this new story has emerged as a topic of interest.
EpisodeE89: GDP growth negative in Q2, $SHOP layoffs, Alzheimer's fraud, Ginkgo acquires Zymergen & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
While Democrats strive to work with more reasonable Republicans like Liz Cheney, they are found funding campaigns for the MAGA candidate, which contradicts their stance against the unprecedented threat to democracy posed by the same people.
1:19:46 - 1:22:45 (02:59)
Summary
While Democrats strive to work with more reasonable Republicans like Liz Cheney, they are found funding campaigns for the MAGA candidate, which contradicts their stance against the unprecedented threat to democracy posed by the same people.
EpisodeE89: GDP growth negative in Q2, $SHOP layoffs, Alzheimer's fraud, Ginkgo acquires Zymergen & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
In this podcast, the hosts discuss the possibility of Trump winning the nomination again and the issues surrounding the media class.
1:22:45 - 1:26:49 (04:04)
Summary
In this podcast, the hosts discuss the possibility of Trump winning the nomination again and the issues surrounding the media class. They delve into the media's coverage of Bezo's tweets about inflation and how it was interpreted as him running for president.
EpisodeE89: GDP growth negative in Q2, $SHOP layoffs, Alzheimer's fraud, Ginkgo acquires Zymergen & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Bloomberg spent $100 million on his presidential campaign but did not make it past the first question of the first debate.
1:26:49 - 1:27:41 (00:52)
Summary
Bloomberg spent $100 million on his presidential campaign but did not make it past the first question of the first debate. He was criticized by Elizabeth Warren and could not come up with a response.