Silicon Valley's Moral Compass: Wealth vs. Values

In contrast with yesterday’s guest, the Paris based Financial Times writer Simon Kuper, the newspaper’s London based columnist Jemima Kelly hasn’t quite given up on the United States of America. Trump, she suggests, might be the end of the line for the MAGA movement. Indeed, like another recent guest on the show, former Wired editor Peter Leyden, Kelly suggests that the Republicans might be flirting with the destruction of their brand for the next political generation. Unlike Leyden, however, Kelly isn’t particularly bullish on the future of the Democratic Party, arguing that there is a desperate need for a formal national opposition to Trump’s MAGA Republicanism. And in contrast with Leyden, Kelly doesn’t see much of an opposition - moral or otherwise - from seemingly spineless tech billionaires like Mark Zuckerberg or Marc Andreessen.

5 Key Takeaways

* Kelly is most concerned about Trump's "utter disregard for the legal system and the kind of lawlessness" that characterizes his second administration.

* She believes Democrats lack cohesive opposition structure, noting America could benefit from a shadow cabinet system like the UK's to provide clear alternative voices.

* Kelly predicts "MAGA is going to finish with Trump" as there's no viable successor who can match his charisma and stage presence.

* She criticizes tech leaders like Mark Zuckerberg for capitulating to Trump, questioning how they justify abandoning values for business interests.

* Kelly argues that maintaining moral principles is crucial for Democrats, as sinking to Trump's level only erodes institutional trust, which has already been significantly damaged.

Full Transcript

Andrew Keen: Hello, everybody. It is Wednesday, April the 23rd, 2025. Headlines today remain dominated by Donald Trump. Every story above the fold, at least above the digital fold in the Financial Times, seems to be about him. Yesterday, we talked to FT columnist Simon Cooper, a Dutchman living in Paris, who had an interesting piece earlier this week suggesting Americans should move to Europe, indicating the American dream was over. Cooper seemed to relish this news. Today, we're talking to another FT columnist, Jemima Kelly. She's based in northeast London, in Hackney, and she's talking to us today from the FT offices in the heart of London City. Jemima, what's your take on Simon's column this week? Is it indeed time for most Americans to move to Europe?

Jemima Kelly: I thought it was a very interesting column. I'm particularly interested in this idea that you discussed on your show about the brain drain that has been going in the direction of America and that might start to come back in the other direction, which I hadn't really properly considered before in those terms. But I must say that I'm not really a fan of encouraging people to all be digital nomads. He's actually followed it up with a piece today about how to be a digital nomad in Paris. I'm not really a fan of that kind of lifestyle because I think that it means people aren't particularly invested in their local communities, and I think it makes a bit of a crappy neighborhood if everyone is just working their own jobs. The dream of earning a US salary while working remotely living in Europe—I'm just like, please don't do that because then we're just importing inequality.

Andrew Keen: Although to be fair, was Simon actually saying that?

Jemima Kelly: I think he did say that the ultimate life, the ultimate arbitrage was doing that. And it's true, it is the ultimate arbitrage. It's just not one that I would particularly want people to pursue. It's like the Airbnb culture—it's destroyed a lot of cities and priced out local people, meaning certain cities you visit have no locals, just tourists, which is quite crap as a tourist.

Andrew Keen: I guess the other critique of Simon's piece, which is an extension of yours, is for Americans who don't like Trump—and there are many, including myself—it's not time to move to Europe. It's not time to retreat. It is time to stay and fight and try to change America. So there's no reason why you have to shift. Jemima, you're a columnist at what you call on your X account "Friends of the Deep State" (FT). I'm using you as the voice of the European deep state. What's the take from London on Trump on April 23, 2025? It's so hard to make any sense of it. In a meta sense, in a structural sense, what's your take on what's happening?

Jemima Kelly: I'm going to answer that in three parts. First, the "Friends of the Deep State" is obviously a reference to Liz Truss, who referred to the FT as the deep state.

Andrew Keen: I want to come on to Truss later, another rather clownish character, your version of Donald Trump.

Jemima Kelly: Yes, Britain's proudest export. Second, I would probably not want to speak for Europe or Britain. Maybe I can start by saying what I think the mood is.

Andrew Keen: You live in Hackney in northeast London, so maybe you can speak on behalf of Hackney. What's the take on Trump from Hackney?

Jemima Kelly: Just utter dismay. And I mean, I would say that's probably the mood I'm getting, even from people who thought there was too much hyperbole used about Trump in the run-up to his election. I didn't think comparisons to Hitler were particularly helpful.

Andrew Keen: You're not alone. We've had that conversation many times on the show. I strongly agree with you.

Jemima Kelly: So while there were people who were very hysterical about the idea of a Trump 2.0 being worse than the first time, I think so far, it does seem kind of worse, doesn't it?

Andrew Keen: I'm asking you.

Jemima Kelly: I would say there is a sense that things are quite scary at the moment. I think what I personally find most worrying, and that many balanced people are talking about, is the utter disregard for the courts and the rule of law. I was amazed looking at Truth Social earlier. I saw a post from Trump about an alleged MS-13 gang member.

Andrew Keen: The Venezuelan who was illegally extradited or seized and taken to El Salvador.

Jemima Kelly: I think this guy is actually Salvadoran. Trump has posted a picture of an alleged knuckle tattoo with four symbols which some people have extrapolated to mean MS-13. It's very obviously just computer-generated text superimposed on the image. Trump has posted it and appears to believe this is actually tattooed onto the man's knuckles, using that as justification. I think the utter disregard for the legal system and the lawlessness of Trump 2.0 is for me the most disturbing aspect because where does that end? It's just utter chaos.

I might write this week about how Trump sees the world as just deal-making and transactions. The ends will always justify the means. He's openly saying he's going to keep pushing as hard as he can to get what he wants. But his followers, who are constantly rushing to justify everything he does, including his vice president, are glorifying the means themselves, which Trump himself doesn't even really believe in. People are willing to take what he says at face value and make it happen, like Vance going to Greenland on this supposed visit.