All-In with Chamath, Jason, Sacks & Friedberg E88: First principle politics, China chaos & outlook, state of private/public markets & more
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Jul 22, 2022 Dive into the chaotic political landscape as hosts dissect the cynicism driving today's parties. China faces growing unrest amid economic challenges and a shrinking population. Explore the monumental $1.7 trillion loss by BlackRock and the state of investment markets. The impact of automation reshapes jobs, while Amazon's healthcare move raises eyebrows. Plus, brace for insights on venture capital dynamics and the complexities of political endorsements that shape both policy and public perception.
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Pelosi's Chip Stock Trades
- Paul Pelosi traded chip stocks right before a House vote on subsidies for chip companies.
- This looks like corruption, and mainstream media is ignoring it, claims David Sacks.
Inefficient Chip Subsidies
- Providing subsidies to chip companies like Intel and NVIDIA for onshoring chip manufacturing is inefficient.
- Tax breaks or other incentives might be better, suggests David Sacks.
Better Incentives for Onshoring
- Instead of handouts, incentivize onshoring with low-interest, long-term loans.
- Include warrants to potentially profit, similar to Tesla's successful loan repayment.