00:32:54 · S5
Ad[00:32:54] S5: do go out and plan to drink, I do a shot of ZBiotics first. And I find that it takes about 30, 40% of the away the next morning, which is worth it for me. The holiday season is officially here, and if you're anything like me, your social calendar is filling up fast. From Friendsgiving with friends to the turkey trot the next morning, these are the moments you don't wanna miss. That's why I make Zbiotics pre alcohol part of my routine before drinking because the best part of the holidays is being present for all of it. Try Zbiotics pre alcohol for yourself. And if you're not satisfied, they'll refund your entire order. No questions asked. Head to zbiotics.com/profg and use the code prof g for 15% off your first order. Support for the show comes from Framer. If your team wants a website that looks and feels handcrafted but is still fast to ship, Framer is built exactly for that. Framer is the AI website builder that helps creators, teams, and businesses ship production ready sites faster than ever while getting every detail right. Prompt, inspect, edit, and publish in one place at a whole new pace. Agents solve the gap between AI generated ideas and production ready website work. The agent works in the same place where the real site is designed, managed, reviewed, and published. It lands on the canvas, stays editable, and can be published when the team is ready. Here's everything that can happen when your team and agents collaborate. You can build custom code components, create a managed CMS content, optimize SEO settings, audit for issues, and ship everything all in one place. Learn how you can get more out of your site from a Framer specialist or get started building for free today at framer.com/markets for 30% off a Framer Pro annual plan. That's framer.com/markets. Rules and restrictions may apply.
00:34:35 · S2, Ed Elson
Ad[00:34:35] S2: This episode is brought to you by Google Chrome. You think you know a browser, but Gemini Chrome? That's new. They can help you with practically anything on the web, like restoring a vintage motorcycle from a 50 page restoration block or finally break down that long article you've had open for weeks. Gemini and Chrome is here for it. Ready to make anything online make sense? There's no place like Chrome. Check responses, setup required, compatibility, and availability varies 18 plus. [00:35:04] S3: We're back with Prof G Markets. What should the Democrats do? Because this is gonna be the defining question over the next several years. And... I mean, the American people have spoken. We don't like data centers. At the same time, we also know that we're technically in a race with China. It would be getting in the way of progress, technological progress. It's just a fact to slow them down or to obstruct them. That's the truth. But the American people don't want it. So what do you do?
00:35:37 · Scott Galloway
[00:35:37] S0: I spent this morning talking to someone who reaches out to me for advice, which is their way of saying, give me money because I wanna run for president. And look, my thought is the following. So first off, the two groups that swung or swung hardest from red to blue, Hispanics and young men. There was a 38... I mean, every group broke to blue, but it was 8% for certain non white communities. It was like 12% for women. I mean, was just really big numbers. Nothing matched how young men broke from red to blue. 38% swing. And the thing about young men, and the second biggest swing was Hispanics. And, essentially, those two groups, they're not triggered by territorial sovereignty in Ukraine or whether or not to have a third bathroom. By the mind, they don't mind a third bathroom. They just don't care about it. They're not they're not animated by this stuff. They're not as big on social issues or foreign policy. Young men primarily vote based on who they think is going to offer them more prosperity and the ability to develop the economic security to start a family. And they're swingers. They'll go one way or the other. And my fear is that the Democrats are going to think they have a mortgage when they just have a renter right now, that they're in a relationship, they're not, they're just dating. Those swingers could easily swing back in twenty four months. So how do we turn it? How do we put a ring on it and maintain the momentum and hold on to those people going into '28? And I think it's the following. I think the Democratic Party needs to move from the party of indignance and obstruction to ideas and growth. I believe it would be terrible for... So for example, people are talking about the new, you know, oh, watch out SpaceX. Right? It's in Texas, and now it's all blue. They would be stupid to do anything to try and be punitive around space. They need growth. And by the way, there's a ton of states and countries that would love to have Space X. Right?
00:37:40 · Ed Elson
[00:37:40] S3: By the way, investors are very worried about that one, down 11% SpaceX on the week. They they think SpaceX is screwed.
00:37:47 · Scott Galloway
[00:37:47] S0: Well, I think there's a lot of reasons why SpaceX might might come under pressure right now. What I'm advising Democrats and what I think we need to do is, okay, you don't wanna go on an impeachment nostalgia tour. This doesn't need to be about... Sure. There should be accountability. I do think people need to be held in front of Congress. I think you have to have accountability and laws such that the markets feel like there are guardrails, such that we don't become like the Russian stock market, and people think if I'm not on the inside, the game is rigged, so they stop investing. I think that's important. But that should be a fraction of the energy and calories here. The majority of the effort should be, okay, how do we provide universal health coverage such that we can take the taxation and incredible spend on our health care from 17% to 15 to 13 to where it is in the rest of the g seven at seven and a half or eight? Never It's gonna get there. It'll probably be 11 or 12 here. How do we create a tax policy that starts to reinvest in the middle class? As a percentage of GDP, wages have never been lower. As a percentage of GDP, corporate profits have never been higher. We need... Quite frankly, we just need to reverse the flows of capital and prosperity from owners to earners who drive prosperity, and consumers who are the reason why the economy works or doesn't work. There needs to be a series of policies that they outline that say, okay... And also show that they're, I hate to say it, more friendly to capital formation and AI spend and more pro business and really concerned or really thoughtful around economic growth. Let's move to a growth agenda from an indignance agenda. And it's very simple. It's one thing to tickle the sensors of upper middle class progressives by saying no data centers or let's tax the billionaires. Okay. Fine. But at the end of the day, if you shoot yourself in the foot and you don't have growth, you become like The UK. And that is if you're not growing economically, you can't pay for your navy. You can't pay for food stamps. You can't pay for vocational program that helps lift people out of poverty. So I think the Democrats need to to absolutely pivot to the middle economically, try and ignore this populist bullshit.
00:40:00 · Scott Galloway
And if you look at the elections, Fox and the media loves talking about the DSA and how crazy they are and their socialists. The majority of the Democrats elected yesterday are centrist, and I think that they need to show a growth agenda. Yeah. It's going to be fun to haul some people in front of Congress and make them answer difficult questions, but the real... The swing voters aren't gonna tune in to C SPAN to see Jared Kushner in front of some committee answering uncomfortable questions. They wanna know. They wanna see that there's growth in their state, economic growth that provides the same opportunities that I had when I was your age to people your age.