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E28: Current state of public & private markets, Archegos debacle, US debt issues, wealth tax & more
All-In with Chamath, Jason, Sacks & Friedberg
Are We Moving Away From Markets?
I think people, you have to think about the generation of kids that have been raised by boomers. You know, we had all kinds of failure modes growing up. It's because they were raised in a society where they never had to actually learn what functional winning and losing felt like. Or or it's been deeply minimized. We've got this sort of extreme socialist, sort of burney wing of th of the party that is kind of moving away from markets. Look at the free market. In the amazon example, they demanded a 15 dollar minimum wage; now they're still attacking amazon. And chafvesos weliwan'tever going to be enough for them.
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