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/MikeSylvan Referenced in the show: WSJ - Lake Tahoe Property Sells for $1.6 Million in Bitcoins https://www.wsj.com/articles/lake-tahoe-property-sells-for-1-6-million-in-bitcoins-1407534997 The Changing World Order by Ray Dalio Chapter 2: The Big Cycle of Money, Credit, Debt, and Economic Activity https://www.linkedin.com/pulse/money-credit-debt-ray-dalio/ Show Notes: 0:00 Reflecting on the controversial Robinhood interview, iterating on the show format, getting back to basics 10:52 Chesa Boudin cancelled on us, radical DAs & local prosecution in SF & LA, why criminal justice reform resonates 34:44 Breaking down the Facebook/Google situation in Australia, understanding fair use, potential saving grace for traditional media? 47:26 Vaccine update, conditioned fear sustaining post-vaccine 58:58 Fan Q&A: what the besties are investing in over the next decade, anti-portfolio, biggest current portfolio risks, what would you teach every 12-year old
The All-In team, consisting of Chamath Palihapitiya, David Friedberg, David Sacks, and Jason Calacanis, introduce the episode and engage in playful banter.
The Friday episodes of this podcast allow the hosts to step back and observe what's happened before diving back into the action, providing a similar experience to a basketball timeout during a game.
The guest on the podcast accomplished his objective, which was to run out the clock without saying much, much like he did in front of Congress. However, the guest got himself in trouble in a moment during the podcast.
The podcast hosts discuss the importance of having ground rules for selecting and spiking episodes based on their alignment with the show's values, and issue a challenge to Chesa Boudin for a debate on his policies in San Francisco.
A discussion about the criminal justice system's impact on the cycle of recurrence and repeat offenses, as demonstrated by two cases involving deaths caused by drugged-out hit-and-run drivers who were repeatedly caught but not charged by local prosecutors.
The debate around District Attorney George Gascón centers on his progressive policies and their effects on crime in Los Angeles. On one hand, there are those who believe that drug addiction should be treated with rehabilitation rather than incarceration, while others argue that Gascón's policies have led to an increase in petty crimes committed by drug users.
The US criminal justice system requires reform to provide opportunities for criminals to reform and become productive members of society. Despite complex competing interests that have led to its current state, there may be attempts at federal-level reform under vice president Kamala Harris.
The criminal justice system has shown its racial biases, where people of color end up spending years in jail for a bag of weed while criminals under the influence of drugs and alcohol run free. The for-profit prison system has provided a weird incentive where the revenue is based on the number of prisoners, and there is a lack of focus on reformation, which may lead to a significant reform in the future.
In this episode, the concept of fair use in media is discussed, highlighting that there is no specific number of characters or percentage of the original work that can be used to clear oneself of fair use. The podcast also explores how traditional media is promoting censorship while condemning Facebook's decision to censor links to avoid paying royalties.
The solution to the ongoing dispute between Facebook and news publishers could be for publishers to unite and confront the social media giant, demanding a fee for the use of their content. This would require a balance between the free market and government intervention.
The media organizations that theoretically could benefit from this are frankly just going out of business anyways.
As COVID vaccines remain in storage in California and vaccine distrust among Americans rises, experts question when life will return to normal. While there is fear and skepticism, lessons from past crises suggests that trust can be regained.
Childcare workers, nannies and chefs are among those who can get vaccinated if they want to in the current vaccination rollout. Market forces are also at play to ensure that vaccinations are available to those who want them.
Driven by the success of PayPal and Slack, the speaker believes that sticking to ideas longer yields better results, and predicts that by 2050, traditional animal-based agriculture and manufacturing will be replaced by systems using genetically-engineered microbial organisms, revolutionizing the production of goods, materials, and food with greater environmental impact, job opportunities, and cost-effectiveness. Furthermore, current production restrictions are predicted to fade away as they become obsolete due to an exponential increase in supply.
The episode discusses how a company's social impact can affect its valuation and how investors perceive their worth. They also dive deep into different industries and how social impact can drive the success of a business in financial, healthcare or climate change industries.
The biggest risk to the world's trading blocks is posed when the US dollar is no longer the world's reserve currency and the US government is bankrupt. There will be a move towards major trading blocks in the world, and a spike in real rates would be the biggest risk to all of it.
The key to success lies in the ability to learn quickly and learn any skill, even at a 60-70% mastery level. Bioengineering and the opportunities that arise from it are areas to consider in the future. With only 45% of countries being democracies, we may face various crises, such as financial and societal crises, growth in authoritarianism or hybrid regimes, and pushes for socialism and inflation.
Molly is taken before the podcast begins while David Zaks is challenged to say I love you, while the team talks about their firmware upgrade and the Besties, Leasties, and Righties of the podcast.