Billionaire Investor: Why I argued billionaires, speculators should get wiped out

Chamath Palihapitiya, Founder and CEO of Social Capital gives insight on how Congress should approach the bailout bills, after his CNBC interview went viral.
About Rising:
Rising is a weekday morning show with bipartisan hosts that breaks the mold of morning TV by taking viewers inside the halls of Washington power like never before. The show leans into the day's political cycle with cutting edge analysis from DC insiders who can predict what is going to happen. It also sets the day's political agenda by breaking exclusive news with a team of scoop-driven reporters and demanding answers during interviews with the country's most important political newsmakers.
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[@FatalHappiness18]

You guys should bring Chamath on as a regular guest he was great!

[@DelvadoMekiatti]

Yes 100%

[@michaelt.5672]

Amen to that. Honest capitalism must have a platform. Then perhaps we can have sinsere discourse between right and left, and see where there is common ground.

[@AmpedUpTech]

But he is a Billionaire. You know how "Busy" they are. Maybe he is a good one though. :)

[@Spad68]

Agree 👍👍

[@rickducharme7429]

Hell, give him his own show!

[@j.s.2767]

its crazy that billion dollar companies can't handle one month or two months off, but they expect the common guy to do it

[@jrm371]

Thank you!!

[@petert1692]

Why? They have become Corporate Welfare Queens and know their cries will be answered by Moscow Mitch.

[@papi944]

👏👏

[@NuKleus1911]

100%. Why don't they have a 6-12 month savings/emergency fund all the financial gurus tell the common people to have? Oh wait, they probably do but they get bailed out so they don't have to use it.

[@moosesnWoop]

They can't though because a lot of the money is meant to be moving through the books or held in stock etc. so they actually do need bailing out because they directly affect jobs and unemployment. It's really fascinating to see the economics of it all and to understand the pivots and strings of how it's all connected. Cash flow is important factor

[@johnjohnson3450]

There is nothing like watching Billionaire-on-Billionaire carnage. Chamath is right, the Fed is maintaining an artificial system and rewarding bad behavior.

[@olusegunadebayo5306]

Started with QE every since then its been crazy.

[@thomashahn631]

The Fed is a hard won political instrument of the billionaire class: why shouldn't it work primarily for their welfare? He's wrong in thinking that magically it will change it's ways.

[@TRIGGEREDHarambe]

Just like how Nanci Pelosi invested a million dollars into Tesla the day before they passed an executive order that would benefit Tesla the most. We need to play all by the same rules, but we don't...Rules for thee, but not for me.

[@mindofmark742]

@@TRIGGEREDHarambe yup, DC is just the legislative arm of the forces that rule the country, it's not the voters. I laugh the hardest at the Democrats though, they celebrate the "blue wave" as a win for the common man, and dance with glee as their lives are made worse. It's okay though, mass job loss and inflation is negated because trans can now win women's sports competitions. Why use your brain when you can use your feelings?

[@lookingforsomething]

Companies that have been worst run are being awarded and companies that have been saving for a rainy day are being punished. Well ain't that the truth.

[@MatthewBaran]

And no legislation to keep them in check because they'll say that's "socialist" or what ever bullshit term

[@lookingforsomething]

@Draco Santino Yeah, America has been in a moral nose dive since Reagan. It's sad to see America slowly grind itself to irrelevance. Really reminds me of the fall of Rome.

[@daveinpublic]

Matti I wonder why more people don’t do something about it. I see comments all over videos and articles, people all know it’s wrong. Can’t we have a private company that’s funded by someone like this billionaire that just tracks the problems and the bad senators and such and make it easily available for people to see come election time? Or whatever else to creatively start making a change?

[@frevazz3364]

The largest donors got the "help" and they got it right away.

[@wise_up_dems.]

Hmmmm, so Kodak, IBM, and Burroughs were rewarded.... where are they?

[@MindandQiR1]

Bernie said billionaires shouldn't exist, but if they were to exist, they should all be like this guy.

[@emhu2594]

no, they should not exist. Period. hoarding resources literally kills the lower and middle classes.

[@tedmaloof234]

And yet Bernie voted to give them trillions, and pennies for the 99% so f him.

[@ivandrago4089]

If someone runs a buisness well, Paying their fair taxes, not screwing anybody over, taking good care of their employees. I don't begrudge them making Billions.

[@twoshedsjohnson8540]

@@emhu2594 How are they "hoarding resources"? Investors actually share resources by investing with entrepreneurs that have an business venture worth investing in.

[@xxxxxx-kk7mh]

@@twoshedsjohnson8540 the rich have way to much money. There wealth should be siezed

[@Swnsasy]

This dude made me get up in my own house and give him a standing O when I heard him on CNBC!! Thank you sir for speaking up for us 👏A billionaire telling it like it is!!

[@nicolaliantonia622]

sure but he is also the guy that was part of facebook at its early stages and took advantage of all the privacy content that you willing gave away so that they could make all this money from ads etc.

[@albertomoreno9795]

@@nicolaliantonia622 he actively speaks against the usage of social media.

[@deathlarsen7502]

You need to get a life

[@Camelotskin]

@@albertomoreno9795 Yeah after he got wealthy he repackaged himself

[@tomwaitsmencse]

Camelot this. This is like bezos’ wife giving away a 30th of the wealth she got from a divorce to make herself feel like a savior

[@apfelala]

Really love this guy, its hard for the average person to understand what is happening financially in this country and he really lays it out well. Palihapitiya to replace Mnunchin.

[@davidcobble2050]

Mnuchin would be in jail if Kamala Harris had prosecuted him instead of pot smokers

[@learntospellpeople]

@@davidcobble2050 👊

[@apfelala]

@@davidcobble2050 You've got that right and she may be the vice president.

[@persebra]

@@davidcobble2050 I will NEVER forgive her for that.

[@bullmoosemedia]

@@apfelala If they chose Kamala Harris as VP then they DEFINATELY want to lose.

[@momobronx7735]

This is the type of billionaire when he speaks I’ll stop and listen.

[@migracing8232]

While covering his ass, you've to be smarter than to believe all these crooked billionaires. He just want to appear holier than the rest in public eye while laughing at us in the back.

[@migracing8232]

AnotherWacko Thank you!

[@curtismccully4828]

AnotherWacko that is a very abstract idea I’d say, Elon musk is making billions while helping the world at the same time, similarly jack dorsey ceo of square and Twitter has done nothing but help the general populace. So I’d say that’s a more on the narrow spectrum of thinking

[@fahimp3]

@AnotherWacko Saagar should have asked him "should billionaires exist?" That would have been an interesting discussion.

[@jlons5586]

@AnotherWacko well I have met poor people that have turned out to be one of the worst pieces of shit, so that can go either way.

[@MKing-xf4hz]

What are they doing with the huge tax breaks they got? Seems they don't like taxes, but love bailouts.

[@briandalton5527]

Yup they only care when they no it’s their last option to stay afloat NO MORE

[@willweed6168]

They also hate socialism except when they are the ones benefiting from it.

[@janeryan2709]

Bought too much avocado toast, I think!

[@jesstiss222]

xr7fan wrong. Many of us are fine with taxes when we can see them being a true social and personal benefit. That, fair laws, and liveable wages itself would prevent much of the need for bailouts, when we're not in a pandemic.

[@jesstiss222]

The greedy love when the masses are taxed in order to fund the powerful class' bailouts.

[@SR-lh4rm]

Chamath out here spitting hot fire like he always does

[@AndreAnyone]

I could listen to this guy talk all day! Preach Brother!

[@katsan88]

Me too! I am even looking to see if he has plans to participate in any upcoming conferences. I swear I will pay the price tag just to hear more of what he has to say.

[@marysouza1882]

I almost forget he's a billionaire I'm glad to see one who isn't a complete psycho.

[@TheBigGSN5]

You're falling right into his scheme. Woke capitalism is nonsense. This guy is still an oppressor.

[@catholicguy3605]

No business is too big to fail. Right now over leveraged corporations need to go under.

[@briandalton5527]

Joseph Fowler Yup agreed they had their chance if they want to stay afloat it should be completely on their backs not ours.

[@McMarvin42]

and decentralized systems need to rise up in their place.

[@5699CAR]

There should have been more guardrails around these bailouts. Similar to what they did in Canada. Pay the employees salary and not just give the money to the company.

[@katiekane5247]

We also could just provide medical care but our govt would rather pay for insurance. It's NUTS!

[@busylivingnotdying]

Yeah, the first order of business should be keeping EVERYBODY who are forced to stay home without pay, compensation for that .. and health care provided OUTSIDE the usual money grubbing system... Next should HEALTHY businesses (who would thrive in a normal economy) be helped with costs that could topple them (rent for empty restaurants; that sort of thing). … Speculators (and "warts" on the economy like the cruise ship industry) should be allowed to "wash away" We would all be better off for it! Note: this is not an "eat the rich" viewpoint. The problem is NOT success or CEO's. All healthy roles in society are appreciated. The problem is MORAL HAZARD among the powerful and DESPERATION among the powerless

[@michaelschuler2711]

@@katiekane5247they should put a cap on how much the medical field can charge. Most of the time when people go to the doctors or hospital they get charged so much money for a few minutes they actually spend in the doctor's office. They usually say your fine and give you some antibiotics and send you on your way unless it's something really serious

[@mojolotz]

That would still get exploited. It is fundamentally wrong to bailout companies in an environment such as the US economy IMO.

[@busylivingnotdying]

@@mojolotz Well, maybe, but no solutions are without downsides… My contention is: where businesses and workers (and the unemployed) have shared interests, they should use government to protect EACH OTHER. Will some exploit this EVEN IF these were healthy solutions? YES, but healthy solutions makes THINGS BETTER If it is better for society to not let a business go under, why not take care of it? If it is better for society that workers don't fall behind, why not take care of it? EVEN SELFISHNESS DICTATES THIS

[@xchazz86]

Billionaires: "But the jobs!" Jobs market: "Corporations wipe out decent jobs from domestic markets to slave labor through outsourcing and automation" Billionaires: "But the economy!" Real economists: "Corporations destroy domestic economies by monopolizing markets and crony financial schemes like stock buy backs." Billionaires: "But the returns on investment and profit margins!" Analysts: "Most returns through high risk behaviours like stock buy backs and tax evasion generate no productivity and the profit is basically a wealth transfer from the real economy to the richest." Billionaires: "But the governemt!" Government: "Agreed, we are completely corrupt and compromised by corporate interests, quid pro quo."

[@shafsteryellow]

Nailed it.

[@duncanbleak3819]

Nice to see a capitalist who isn't a "predatory" capitalist

[@cherokeecharlie4016]

Of course he is. He is just upset he can't buy companies in bankruptcy.

[@briandalton5527]

Not a capitalist never was and never will be you can’t have infinite growth Mother Earth will only be plundered for so long before she kills off the negative and selfish energy.

[@cherokeecharlie4016]

@@briandalton5527 exactly. We have number counters trying to turn a game into an empirical science. There no empirical equality in their equations. Let's be clear, mother earth nor the cosmos cares..matter doesn't care. We should though.

[@WordsofHarmony]

Duncan Bleak a capitalist goal is going to be profit and more capital if it would produce more profit. Predatory is hard to avoid.

[@Lenny1337i]

Brian Dalton Growth is not limited by Resources, but by knowledge. More knowledge increase, if put correctly in place, output. Consider the computer industry, emerges industry as examples. First a lot of material was needed, then through innovation we got oil instead of wood, smaller chips and by now we got tiny chips needing almost no space (compare that to apollo 13) and nuclear. These things are there because of KNOWLEDGE.

[@digiryde]

He nailed it. Trickle up economics.

[@briandalton5527]

The only capital we should be worried about is cultural and useful data.✌🏿❤️🌎

[@proy3]

Almost a year later, he's standing with WSB against short-sellers. Chamath is consistent.

[@SoSayThat]

He also pumps SPAC's which are one of the riskiest investment vehicles in finance. He's smart and I agree with a fair amount of what he says, but don't put him too high on a pedestal, he's out for his own gain not yours.

[@dchung726]

This man needs to be on the joe rogan experience.

[@oscarmart1]

@Richard Dixon have you ever Watched a Joe Rogan interview he bring in top experts of different fields

[@visitperaiagreece]

@Richard Dixon Joe would do well interviewing him.

[@cjstats1514]

@Richard Dixon Not about Joe. It's about the pple that watch

[@twoshedsjohnson8540]

Joe's had Peter Schiff on 2 times now espousing these exact same things, and he's still fairly clueless about how Capitalism is supposed to work. I love Joe, but economics is not his thing.

[@user-ql8ji8dj9u]

@@twoshedsjohnson8540 no one watches joe for joe! We watch for the guest!

[@CodingJesus]

2000 likes 5 dislikes. Looks like Libertarians, Progressives, and Convervatives are all on board with Chamath. I love The Hill.

[@foragingfleur]

Tomer Tzadok the dislikes are crony-capitalist corporatist pigs!

[@MovementWithMo]

Chamath really should be brought on the show more often for a few reasons: 1) he's a billionaire capitalist, the opposite of the narrative usually projected on Rising. Gives fair balance of views and perspective. 2) He doesnt dumb down the language/ rhetoric or gaslight for political expediency. 3) He's very authentic and educates. He doesnt try to patronize when speaking. 4) he's undeniably extremely successful in this system but somehow has maintained some kind of integrity in light of all of it. I dont necessarily adopt his worldview but find can empathize with his approach to power

[@yasmin_thelight6789]

power.

[@balthorpayne]

Good interview. As I've been telling people, since Reaganism, we have seen that America can do a lot with its fiscal policy. If they so chose, the politicians could overnight flip this crisis. Its all about political will. Ideology is a bigger block than finances ever was.

[@notrandom2]

Logic has to take over... It makes no sense to give people access to infinite resources when in reality, said resources are finite, and there are people struggling to survive. Limit the amount of take home profit per business owned, per position held, per year/quarter.

[@therealwokeshow9985]

@@notrandom2 this is the way indeed. Capitalism is flawed in that it expects infinite profit while resources are limited. It not sustainable. At some point, we are going to deplete the world of resources we need trying to prop up capitalism.

[@khrashingphantom9632]

The Real Woke Show Capitalism isn't the inherent problem simply because it breeds competition and further innovation. So within itself it's relatively beneficial, BUT that's not what's going on in the U.S since policies are being written to kneecap innovation, and protect established trillion dollar status quo at the expense of the majority of populace. We don't currently live in a "capitalist nation" we live in a corporate socialist one. For now...

[@Jennifer-wr9si]

the airline bailout makes *even* less sense now given 1) the existential threat of climate change (air quality has improved since lockdown) and 2) a potential reduction in air travel because of greater hygiene concerns and increased reliance on teleconferencing tools

[@autohmae]

In my country they are saying: when the government gives companies money, but maybe we should add requirements to it, for example climate goals for those companies and employing young people so they can get more experience.

[@dr.fawzikatranji4908]

Palihaptiya! Thanks for caring

[@taylor_drift1]

Would love to hear a conversation about this with Chamath and Anand Giridharadas.

[@adfmo2195]

XMorbidKiX yes 👏🏽👏🏽👏🏽

[@briandalton5527]

XMorbidKiX Yeah that sounds good

[@kokoleka808]

That conversation would be such a searing indictment on the billionaire class that the video would be banned on KZbin--or at least shadow-banned.

[@nikhiljagga771]

This

[@BeSkeptical851]

They just print money when they need it.. the "How do you pay for it?" is total bullshit.

[@jlons5586]

And every time that is done the currency loses more and more value!..

[@hectorvega621]

@@jlons5586 Inflation is the word. It happened to Venezuela, and I forgot which African Country had it worst, but both currencies are useless.

[@robertblount1377]

Hector, in todays' economies, when that money is invested in people to be expressed as consumer demand, capitalists respond to that demand with increased production. That increased production (more goods and services for the money to chase) keeps inflation down. It is only when money chases the same number of products that inflation occurs. In Venezuela and Africa, the currency became useless because the printing of monies was not spread amongst the population, so there was no reason for capitalists to create more goods.

[@shafsteryellow]

@@jlons5586 is it really losing value when you improve education, infrastructure and adjust economic imbalances.

[@talyahr3302]

The only billionaire I will accept seeing during the quarantine.

[@talyahr3302]

Thanks everyone for defending me (: But no need. M G is out here spreading unnecessary bad vibes. Obviously he needs more love in his life. I hope you have a good day M G and that you can do some psychedelic mushrooms or something to get your mind back to a place where you can use your voice to spread good vibes instead of bad ones. That power is in your hands and currently, you're not using it well. Doesnt have to stay like that forever tho (: all love

[@rsync9490]

@@GreasyWop They seem to need a lot of assistance from the taxpayer. Mind letting small and medium sized businesses 'do good for the world' for a change?

[@_aiborie]

Still a billionaire though (Hogs resources from an ethical standpoint). But I do get your point.

[@briandalton5527]

Talyah R I am not a billionaire so I don’t know why people keep going for that.

[@briandalton5527]

Whatever guys if you can’t grow up and realize life should be way easier and a wonderful creative and exciting adventure that’s between you in the creator. I know where I stand and will never again live on my knees for the benefit of something or someone else.✌🏿💕😊

[@manuelcastillo5999]

I wish this conversation was longer. Socialized losses, privatized gains.

[@xhagast]

He is absolutely right. Give money to the people and they will spend it and sustain the whole economy. Give it to the elite and they will waste it and ruin everything.

[@sarahoshea9603]

They'll hide it in an offshore account and then hold their hand out for more.

[@xhagast]

@@sarahoshea9603 BOTH hands. And call themselves job-creators.

[@hiphopesq]

Here before any downvotes! Great segment. Keep up the great work y'all!

[@KhromTX]

"LET THE FREE MARKET DO IT'S JOB!" Airlines: wait hold on

[@bobspizza7444]

Don't forget all our car companies Obama bailed out. That was exactly the same thing he is talking about. We the people demand better from our government

[@tiffykitty1694]

This man is my new hero!!

[@JohnnySmoove]

love this dude. these are the kinds of billionaires we need

[@leanmantern2862]

uh no we don't need any billionaires. billionaires are tumors in the economy that need to be removed before they kill the patient.

[@TheBigGSN5]

@@leanmantern2862 You tell 'em.

[@briandalton5527]

I don’t like money it’s pointless money will never influence me so stop

[@loandbehold650]

This has aged beautifully. This man needs to become gov of CA if they know what's best for them

[@5699CAR]

When hearing this, it parallels individuals. The squeaky wheel gets the oil. Not necessarily the wheel that needs it the most.

[@holyromanracist5759]

When the chips are down, these uh, "civilized people", they'll eat each other.

[@audiodramatist]

Keiser Report has been saying this for many years, at least the past 5 years that I know of...

[@autohmae]

As he mentioned in this video, 'the real' capitalists and progressives can agree on a bunch of things. They aren't opposites.

[@Twotter54]

Another great interview. Great job!!

[@ccole1255]

A million seconds is eleven days. A BILLION seconds is 33 YEARS.

[@joshmarden9933]

A trillion seconds is 31,688 years. Exponentially getting fd in the a.

[@jake4024]

Well investors get millions in stock gains and dividends. But when it comes up to owning the risk they want the fed to bail them out smh.

[@mikehydrusko3744]

He makes a really good point about the printing of money and inflation we're facing in the future. The fallout from this will continue to impact the economy for decades to come.

[@2010COpall]

Great interview !!! Rewarding the most counter productive people in our society and economy - and what else would you call those that have needed bailed out 3 times in the past 20 years - is nothing short of one great big, misallocation of resources. Can't continue to reward the counter productive and flat out incompetent.

[@codacreator6162]

Need to get this guy, Anand Giridharadas, and Andrew Yang together in the same room.

[@rileyjamison8824]

One of the best segments you’ve had during the crisis. Thank you

[@rubenespinoza2015]

Been waiting for you guys to invite him to the show. Glad you brought him on!

[@nusoundent.4334]

This is the most currupt session in the history of economic politics

[@seanclarke5915]

That footage really only gets shared amongst media circles with viewerships who would already be agreeable to the message. Sadly, the way online media bubbles work, this message isn't reaching the people that it needs to reach. Hate to say it, but it's tougher than you think to inform people of this type of information.

[@jrad410]

He did say this on cnbc, sure a lot of ppl who disagreed watch

[@brianjoyce9040]

The info appreciated, thx K & S & guest

[@jacobopm]

Great interview and a great guest. I learned a lot about the current situation and the consequences of the bailout. Thank you

[@mackenzie4615]

Saagar not missing a beat on pronouncing Chamath's name lol

[@patriciahuyler4605]

Chamath is my new hero!

[@theworkerhours3141]

lol

[@qarahiyo]

We don't need HEROES

[@dingfeldersmurfalot4560]

Good, clear statement of important points. Thanks for bringing it to us.

[@dwp2659]

awesome segment!

[@MrRasaan77]

really good interview. I feel like this is the warning

[@olatunjiolakunle6908]

Great interview. As a proud capitalist have always said capitalism should be left to run on it own any business that wants to fail due to mismanagement should be left to fail. The fed is one of the problem in America they keep printing money which is going to come back and bite us.

[@ChiefKene]

Damn, that’s crazy. We printed enough money to pay everyone there 2018 wages and cancel student debt. With money still remaining!!? Wtf ...

[@kalatitati8795]

Thank you for letting him talked without interrupting.

[@fidelislobo8933]

Great segment

[@debralee1401]

So how do we move this forward? Very frustrated by what is happening!! Not feeling empowered to have any impact on the corrupt system of government that is heading up so much economic suffering to the ordinary working person. What can I or anyone else do, in the form of activism, to change this???

[@learntospellpeople]

Yes. this exactly! Action needs to taken.

[@learntospellpeople]

To answer the question, it looks like a general strike is the only thing that will bring the oligarchy to their senses and realise they cant keep benefiting at everyone else's expense. That was the main reason FDR had to come up with the original New Deal when the Wall St sociopaths in that day drove the country in a great depression, wasnt it. The only way to make greedy capitalist failures and their craven political enablers see reason is to put the fear into em. But Americans have so little practice in fighting back en masse, often thanks to a complaisant media in collusion with the very thieves screwing the working and middle class. Maybe seeing (once a fkn again) how little the politicans/gov s they 'elected' are willing to do for them vs what theyre prepared to do for the v rich and powerful will finally convince them to revolt or fight back.

[@ZanicaKnight]

I’m so glad he got to share these messages/viewpoints here. Very eye-opening

[@annegeorge5367]

Excellent segment, thank you!

[@paigeu23]

Well I learned something. I really appreciate this segment.

[@cattigereyes1]

IIRS refund is non existent it’s locked me out of a return despite clearly qualified...

[@sophiatesch2494]

I am SO excited that Chamath Palihapitiya was on Rising! Awesome interview, Saagar.

[@ericjohnson6665]

Thanks!

[@fcdraw]

Any company that is bailed out by the government should have their tax rate raised to 90%.

[@briandalton5527]

Move beyond money it’s the only way to save the planet. Earth never had a use for it so why stay stuck there it makes no sense

[@fcdraw]

@@briandalton5527 hopefully one day we can

[@HotBoii91]

Who’s here after he supported us Redditors!?

[@clayre839]

I love the variety of valuable interviews your channel have on the channel.

[@mikael900]

One thing I wish he would have mentioned is that this bailout system in favour of poorly run corporations is not done out of ignorance. The people choosing to funnel countless billions to defunct corporations have knowledge of the ills of that plan.

[@squrielman]

Oh look, airlines are going to layoff people in September. It was like he predicted the future.

[@englishsteve1465]

Badly run companies or those with a product that doesn't sell deserve to go out of business, THAT IS CAPITALISM FFS

[@davidbrowne6371]

Bravo ! It’s about 🤬ing time someone called it AS IT IS !

[@livingitup9647]

Yes, very, very important explanation of the flaws in our capitalist system and the corporate-friendly, national budget-destroying solutions repeatedly crafted by our so-called leaders -- both Republicans and Democrats. Kudos to Saagar for getting this informative interview. Too bad it couldn't have been a longer segment, with more in-depth discussion.

[@Eastbayrob]

Love this dude 👍🏻

[@patbranigan6501]

Who get pensions anymore?

[@nicepokerface3465]

Pat Branigan sad that most don’t when everyone use to get one

[@qbitz08]

Government employees

[@lukebrunner1548]

Thank you Chamath for these interviews. More people need to speak up like this!

[@romanjansen6652]

Thanks for the good journalism and interesting interview

[@roshanicrystal]

Chamath was great!

[@matthewarnold4557]

This guy sounds a lot like my man Andrew Yang.

[@jakewillenbring3078]

Saagar! More Guests like this! He is insightful and thoughtful about how we can progress the working class right.

[@chrisg5227]

I wish you well with all your future projects, Chamath. Thanks for coming on the show.

[@txiatg28]

Th I said the guy I want heading to regulate the corporation.

[@twoshedsjohnson8540]

Saagar says about Chamath's views on letting failing businesses actually fail "...do you represent a newer way of thinking about American business?". This is where we are today...it's actually shocking to hear someone espouse a necessary and crucial aspect of Capitalism...the allowance of failure.

[@trickdawg5521]

I am looking forward to seeing Chamath on the Kaiser Report.

[@TheDocterj208]

Thank you Saagar, I really wanted this guy to more deeply explain his views in this clip

[@nmagain24]

That mean we couldve BEEN paid reparations, when everyone just a couple of months ago was saying how it was "impossible"... smh

[@frontlineatni]

yup. as the man said, it's only a matter of political will.

[@learntospellpeople]

Yeah and its been possible It just doesnt benefit them in any way Whereas they get thrown a few crumbs when they help out the white corp. klepotocracy.

[@learntospellpeople]

@@frontlineatni I believe not only has the political will never been there when it comes to black people, governments/administrations, their agencies, big business and small, have ACTIVELY worked to make sure black people's interests as a whole are NEVER advanced. They ve often purposely sabotaged efforts to uplift and create prosperous communities.

[@commercial09]

People still out here looking for reparations? Damn but the southern states should take care of that right? It wasn't the United States at that time.

[@nenew24]

Exactly.... and reparations is not only slavery, it includes all the sanctioned government laws against us.

[@Animan2006]

!!!!!!!! Chamath Palihapitiya FOR PRESIDENT !!!!!!!

[@Buddfox]

Love Chamath. 🙏❤️. I don’t always agree on his thesis’s- but I can see his logic

[@ivorykhan159]

I so wish that The Hill would date their videos. I had to search the title to get an April 2020 date. Please put dates on your videos, thanks!

[@winstonwins1096]

EAT THE RICH!

[@briandalton5527]

No that’s cannibalism that’s nasty dude

[@starr0401]

"Thank you for having me." -> "Of course." I like the way Saagar ends an interview whenever it seems like he's underwhelmed by the conversation.

[@MahdKxng]

Been following chamath for a few years, one of best modern business minds out there.

[@JC-lh1pj]

Great interview. Thanks.

[@douglachman7330]

Well spoken and much appreciated honesty.

[@HKashaf]

Brilliant, Please have him often.

[@fredyscanlan]

5:10 on is amazing!

[@thomasbeltran5417]

Great show 👏🏾❤️

[@ravineseder3133]

Excellent.

[@thinkerscorner9031]

True and I'm glad he is bringing this up, but we need to apply the same standard to individuals that spend recklessly and don't save for a rainy day when they have the means to. More arguments for UBI.. it's actually the only fair way to help people.

[@Narikvp]

Thinkers Corner ubi is a tool for pacifying workers into allowing their jobs to be replaced by non labor sources (automation). Once we are all on the governments teat the class war will be complete.

[@joshua023156]

Sagaar is a great interviewer he really listens and has great feedback and questions especially w/ this guy who is legit.

[@kkim0221]

We should take an action, not just words!