The Prof G Pod with Scott Galloway
00:10:32 · Heather Cox Richardson
[00:10:32] S5: I'm gonna react by starting with the eighteen fifties. The question that was answered was not human enslavement. The question that was answered was whether or not the government should protect property that privileged a very few people or whether it protected the good of the community, whether it protected everybody else. And that's where we get and why it becomes such a big deal that the Gettysburg Address in November 1863 talks about a new birth of freedom and the protection of a government of the people, by the people, and for the people. Because remember, before that, the elite enslavers who controlled the White House, the Supreme Court, and the Senate were very clear that no matter what people wanted... There's a very famous speech. This no matter... It doesn't matter if 99% of American voters want something, they can't have it because the constitution very explicitly prevents the government from doing anything but protecting property. So what Lincoln is really doing is he's bringing white voters, the white male voters in those days, of course, on board, not by saying we're going to get rid of human enslavement on any moral issues, but rather we're going to get rid of the power of that small group of elite southern enslavers to control the American political system and make you end up working for them. And then if you if you redefine that, then I think you look at this moment and you see a very similar question. And I won't speak to France because I am not a specialist in France, and it has its own history, of course, including a very public displays of disaffection with the the government. But I think you are seeing in any number of issues in The United States today, And I think the fight against data centers is the symbol of that, this idea that we do not want a government that reacts only to a very few people in power, because what we're seeing is more pushing back against billionaires than pushing back against retirees, for example, who in fact... Many of whom, in fact, aren't really hurting with the potential cuts to Social Security and Medicare and Medicaid and so on. So I think I... If you switch that lens a little bit, it's just always the the same story. A few people want everything, and the rest of us would like a government that actually serves our needs as well.
00:12:43 · George Hahn, S0, S2
[00:12:43] S3: We'll be right back. [00:12:51] S0: Support for the show comes from USA Facts. I've interviewed countless politicians, and if there's one thing we all find disconcerting is when they butcher the facts with some biased half truth. Give us a break already. So when I had the chance to debate conservative podcaster Ben Shapiro, our natural response was bring it on. Why? Because it was sponsored by USA Facts, and each debate segment started with a presentation of government data and facts, employment, government spending, income data, housing, and more. The topic, the American dream. Is it still within reach? We argued. We found some common ground. We actually debated, and there were no personal attacks. Watch the full debate on The USA Facts YouTube channel. We think you'll find it unlike any other debate. That is entertaining and informative. We hope you check it out. [00:13:42] S2: This episode is brought to you by Indeed. You're ready to level up your business, but the pressure to find the right person to make that happen is intense. Indeed sponsored jobs can help carry the load. It boosts your job post to help it reach quality talent fast. Cut through the chaos with Indeed sponsored jobs. Get a $75 sponsored job credit at indeed.com/podcast. Terms and conditions apply. Hiring now? Then this is a job for Indeed sponsored jobs.
00:14:13 · S0
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00:15:24 · George Hahn
[00:15:24] S3: Welcome back. Scott's entrance versus incumbents argument has a very obvious test case in housing. We talk a lot about how housing is one of the clearest indicators of the separation between earners versus owners in our economy. On Tuesday's bonus episode of Conversations, Aziz Sunderji, author of The Home Economics Substack, and Kyla Scanlon, economic commentator and host of the new podcast, Best of Luck with Kyla Scanlon, explained to Scott where young people are getting pushed out the most.
00:16:02 · Aziz Sunderji
[00:16:02] S7: Yeah. I mean, I think America does have a really complicated relationship with housing because, you know, Derek Thompson has talked about this before, housing has to be both a speculative asset and a place to live. And I think for a lot of people, a lot of their wealth is wrapped up in the house. So they're gonna push back against anything that they think can threaten that. And increasingly, that's turning towards the stock market. Stock market wealth is becoming more and more of people's total net worth. But I think that for younger folks, like, they look at the refusal to build, and when they look at older folks, you know, just saying, like, no. You can't build near us. Like, we don't want this housing near us. I think it can feel like everything is sort of working against you because what you've been told from... Since you were little is that in order to be a successful person, in order to reach this American dream, you have to buy a house. And, you know, I'm 29, and I don't I don't know when I'm gonna be able to buy a house. And I I know a lot of people in this situation, and more and more people are starting to lean on their parents for financing a home or leaning on some sort of outside help. And I think that's the really hard part is that housing is the foundation of the economic ladder. And if people feel like they can't climb up a bit, they're just gonna be like, well, you know, maybe it doesn't make sense for me to work really hard at my job, and it doesn't make sense for me to get married. It doesn't make sense for me to build this economic future because I don't feel stable. And I think for older folks, they were able to benefit from the post World War two boom. You know? I feel like there was just so much policy that worked in their favor, and that's why people over the age of 55 have so much wealth in The United States.
00:17:42 · George Hahn
[00:17:42] S3: Aziz spent fifteen years in research at Barclays and later worked as a data journalist at The Wall Street Journal. He wanted to put the current crisis in perspective, so he read the group an article from The New York Times.