
The "Woke" Capitalism Game With Vivek Ramaswamy
Capitalisn't
00:00
Can the Federal Reserve Be the Basis for State Action in the Guse of a Private Company?
The argument is really simple if the government can't do something under the Constitution then the government cannot deputize a private company to go do that same thing instead. There's a case called Brentwood which lays out the standards for finding state action in the guise of a private enterprise and what we see with modern big tech censorship today is not one of those conditions met two or three of those conditions. The White House boasting every day every week nowadays about working with social media companies to remove misinformation or hate speech as defined by the White House. Couldn't you argue that that same legal argument could reply to the existence of the big banks?
Transcript
Play full episode