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.
00:40:38 · Ed Elson
[00:40:38] S3: I agree to an extent. There are some elements on which I disagree. On the on the data centers, you know, I look at... I don't think that we're seeing, like, a populist lurch to the left. I think a lot of these candidates have been massively mischaracterized about what their policies actually are. And I'll just give you an example. Like, Acton in Ohio. She has backed a moratorium. And a lot of people say... I mean, some people support that. They hear that. Oh, great. I hate data centers. Great. But I think a lot of people hear that and they say, oh, she's a populist idiot. She must be a socialist. She just hates data centers. And the truth is she has backed a conditional moratorium unless the developers of the data centers cover a 100% of their utility costs. And that to me is sensible regulation. You are saying, here's the framework. You're not allowed to do it unless it actually benefits the American people. And I look around at a lot of these candidates, and I see a very similar thing. I mean, I look at El-Sayed as an example who was immediately dubbed DSA socialist whack job and jihadist terrorist. I mean, that's a little easier to see as crazy because it's like, okay. You're just racist. But in terms of the socialism, it's like this guy has specifically said, I am not a socialist. I am not affiliated or in the DSA. I am a Mhmm. Capitalist, and what I am for is regulated capitalism, which is what we are all for. That's exactly what we're going for. And so I look at a lot of these people, and I'm like, these are actually overwhelmingly reasonable people who have... I mean, even AOC, she said woke one point o was done. It's like, I actually don't see a problem with any of these people. I think they're being caricatured as these crazy people who are taking these things into this crazy direction. It's like, actually, most of the people that I'm looking at, a lot of these candidates are sane. The only thing that makes people anxious is that they are fiery and strong. And to me, that's actually important, and we need that. And this is where I think... I mean, it sounds like maybe we overlap in what we think about the impeachment and the prosecution. I agree that that shouldn't be your number one priority. Your number one priority needs to be go after the economic problems, figure out housing. We need to build more homes.
00:43:08 · Ed Elson
We need to address inequality, but I think you need prosecution and retribution because what has this guy done? Crimes. I mean, just flat out. And by not prosecuting crimes, you're giving in to politics by saying... I mean, it... To me, it's disrespectful of the law not to prosecute the shit out of this guy. And I agree performative impeachments and congressional hearings where some Democrat gets their moment to be cool and get their clip. Fuck that. But this guy clearly committed crimes. I mean, we'll see. Let's see the evidence. But you need to prosecute these people. You need to bring Gail Slater from the DOJ into Congress and ask what happened. Why were you ousted right after you tried to investigate the Trump administration? Why why was Meg Ryan ousted from the SEC after she tried to investigate Trump and his insider trades? Why were CFTC officials told to stop investigating the the billions of dollars in oil trades that were very unusually timed right before Trump went and changed his decision on Iran? Like, these are these are just crimes. And so I hope that the Democrats don't give in to being seen as being politically biased, by not prosecuting the law. And I hope that they're actually very strong and resolute in that. I hope it doesn't mean that it's the only thing they do, but I actually do wanna see some prosecution.
00:44:33 · Scott Galloway, Ed Elson
[00:44:33] S0: I I agree with with most, if not all of that. And... But I... The way I would position is not as retribution, but as accountability. And, you know, let's look at all of the stock trades. Let's bring in experts. Let's talk about... Let's bring in maybe certain family members and say, what exactly was the deal? Why did you... Someone who has no background in money management get $2,000,000,000 and what was given... What was returned in exchange for that? When the entire group investigating, the entire crypto fraud group at the SEC was eliminated. Okay. I mean, you're right. There's just a ton of... At a minimum, the American public needs to understand what happened here. Also, in terms of rail politic, I think as Democrats, it would be a mistake to go on an impeachment nostalgia tour. And to be blunt, I think Americans and Democrats have to get used or come to grips with the fact that Donald Trump probably is not going to be prosecuted nor go to jail. [00:45:26] S3: While he's president. Right?