Chamath Palihapitiya on SPACs, Bitcoin, and the New World of Finance

Published on
November 20th, 2020
Duration
64 minutes


Chamath Palihapitiya on SPACs, Bitcoin, and the New World of Finance

The Interview ·
Featuring Chamath Palihapitiya

Published on: November 20th, 2020 • Duration: 64 minutes

Chamath Palihapitiya, CEO of Social Capital, gives Raoul Pal, Real Vision CEO, an inside glimpse of the seismic forces that are radically transforming the investment landscape — from SPACs and tokenization to data autonomy and virtual learning. Palihapitiya argues that old structures of capital formation, which prioritized buybacks rather than Research & Development (R&D) and "efficiency" rather than resiliency, will give way to a new future in which fintech companies will replace "too big to fail" banks, green energy will de-escalate geopolitical tensions, and tokenization will serve as a digital ledger for every financial transaction. Palihapitiya and Pal discuss the role of Bitcoin in this new world, and Palihapitiya advocates for a form of Universal Basic Income (UBI). Filmed on November 16, 2020. Key Learnings: The old ways of managing companies and allocating capital were unsound, and COVID-19 has laid bare the fact that the "emperor has no clothes." With radical change is on the horizon, investors should embrace these technological transformations in order to become a magnate of the future.

Comments

Transcript

  • DM
    David M.
    3 December 2020 @ 18:15
    What is he talking about running a furnace from PV's..... This is crazy talk. We will never transition to a less energy dense form of energy i.e. solar or wind, it's just not possible. The climate change issue could be solved if the planet just embraced an 80 year old technology called nuclear.
  • Hv
    Hannah v.
    24 November 2020 @ 02:40
    I get “imposter” vibes from CP... seen 3 different interviews of his, and something just doesn’t sit right. Maybe the low-grade anger/frustration dressed up as outrage? Or the neatly boxed up platitudes culminating in “then we’ll all get along and save the planet!” Or maybe the incongruent wealth/näivité mixture? I can’t put my finger on it... Always love Raoul though.
    • LS
      L S.
      3 December 2020 @ 17:58
      RP doesn't really fit this mold, maybe because he's a half-breed like me, but guys of indian descent throughout my professional career easily have the most insecurities of all - with the backdrop that a lot I've met had accomplished quite a bit. I think they are among (in America) the most spoiled of all and retain weird caste ideas and such, from the immigrant parent culture. Certainly this is not all, but I'm just saying it is clear and outsized. I'm sure that's what's going on with your suspicion, Hannah. You can guess why in other ways, if you wish.
  • MH
    Martin H.
    24 November 2020 @ 03:29
    More climate religion, talk about fact denial!
    • LS
      L S.
      3 December 2020 @ 17:54
      Yes, the idea that central banks, governments and COVID plandemic responses are not more dangerous to humans than some made up religion is breathtakingly stupid in terms of trying to be part of the "club." I wonder if they really believe the world is ending on the basis of climate fluctuations in 10 years ... I guess maybe if you classify warming as nuclear war, sure. SMH
  • MH
    Martin H.
    24 November 2020 @ 03:41
    "Nobody can disagree that any of these things are bad" REALLY? I wish I could be as rude as you have been in this interview about your views here.... but they'd delete it. You really need to get out of your bubble and look closer FFS.
    • LS
      L S.
      3 December 2020 @ 17:53
      So true. We get chided all the time but if a bubbleonian says them, it's all good. Credit to Amish above for the term. (-:
  • AD
    Amish D.
    26 November 2020 @ 19:03
    Chamath is obviously intelligent, but he is a creation of the Fed's endless bubbles over the last 20 years. I agree with some of the things he says, but his support of and enabling of a criminal fraudster like Elon Musk has made me lose respect for him. Also this recent tweet from him is one of the dumbest things I've ever heard. "Eventually, stocks can trend back to 10-20x sales, but when you’re trading 30-80x, it’s an incredible opportunity to aggressively expand/consolidate a market" Trend back to 10-20x sales? Are you fucking serious? This guy is your typical Silly Con Valley kool aid drinking bubbleonian. Raoul, if you interview him again, you need to call him out on this stuff.
    • LS
      L S.
      3 December 2020 @ 17:51
      Amish, very sharp points and criticism. Especially your first line. I started laughing at the "bubbleonian" moniker to put a cherry on top. Great stuff.
  • TL
    Timothy L.
    1 December 2020 @ 21:25
    I did not like this interview. He's insightful on tech and social media, but: 1) It''s kind of hard to listen to a guy talk about how he learned to be humble early on in his career and then go on to call everyone who disagrees with him a "fucking idiot" and how everyone who's not "pragmatic" just needs to shut the fuck up. 2) He's naive to think we'd have peace in the Middle East just by moving away from dependence on oil. 3) He appears not to know what the word 'literally' means. 4) Harvard is full of "dipshits" and "fucking morons"... I don't doubt that there's a valid point there about elite education, but come on. Tell me the person who says that isn't just bitter and resentful about something. 5) I'm always suspicious when people talk about how what everyone else needs to do is to be pragmatic and reasonable (and maybe "shut the fuck up" otherwise). Usually all this means is that everyone else should value things the same way the speaker does, but it's cloaked in the guise of "being reasonable". I'm all for reasoning, but pretty much the first step in any kind of compromise is to recognize that not everyone has the same priorities as you do. For example, he says it's disgusting that rich people have the right to keep their kids rich and the right to keep their kids powerful. Ok, what's the alternative? Should we confiscate wealth? Should we make it illegal for parents to spend money on their kids' educations? I agree that there's a problem with elite educational institutions and would be fine with getting rid of legacy admissions, but educational imbalances are an immensely complex issue. And would Chamath voluntarily put his own children at a disadvantage or not give them the best opportunities he could (which doesn't have to mean bribing admissions)? I kind of doubt it. On a SAAS business model for education, Chamath says about in-person education, "we were really paying for social interaction; I don't think we were ever paying for education." That's amazingly naive. I don't even know where to start. First, education is about more than learning facts and models, and that socialization is probably just as important as the learning of the facts and models. Second, his kids have a stable home, I'm sure. So many other kids don't and can't learn from home the way his kids can. Online education works best for individuals who are motivated and understand why they're there, what they're there to do. Autodidacts and Real Vision viewers are probably among those groups, but a whole lot of kids and college students are not.. Third, there's an interpersonal aspect to education that is almost completely absent on Zoom and can't be replicated outside a classroom. I teach at the college level, and I've seen the difference. If you disagree, that's fine, but I'd just ask why you disagree. re: the speculation at the end about how in-person socialization might not be all that important in the future: Chamath speculates that the brains of humans 500 years ago and today are very different in terms of needs and capabilities. That's complete nonsense. A 2020 brain supports a 2020 psychology/psychological profile and a 1520 brain a 1520 psychology, but human neuroanatomy and neurophysiology have not changed in 500 years and will not change in the next 500 years. Human beings are not going to adapt to being less social and more wired; we'll just be more anxious and depressed to the extent that we have less real social interaction. The human brain likely evolved in large part to facilitate social interaction. We're social creatures. We need social interaction, so there will be no human thriving and no eudamonia without it. (Read some Aristotle, guys. He was smarter and wiser than 99.999% of the human beings who've ever lived.)
    • LB
      Lorenzo B.
      2 December 2020 @ 10:47
      Wonderful analysis, Sir very glad you took the time to share it. thank you.
    • LS
      L S.
      3 December 2020 @ 17:48
      Yes, it is really scary that since many of these guys are so wealthy they have a platform - but wisdom is severely lacking on many levels. It actually would in fact be the prediction by the wiser ancients that people would bring smarts and monetary success along with a large lack in understanding what humans are and wisdom among us.
  • TW
    Troy W.
    3 December 2020 @ 09:16
    I like some of the things Chamath spoke about however very little of his idea of implementation of those ideas. To believe for one second that the outcomes would be different by putting money directly into individuals hands rather than into money creators hands astounds me. Money is never the main issue, it's the outcome of the main issue, which is habits or behavior if you like. Good habits lead to good outcomes, bad habits lead to bad outcomes. Handing people money will NEVER change that. In fact it will reinforce bad habits. Meritocracy is still the most efficient distributor of wealth. The better you do the more you get. What we need to focus on as a society is more efficient ways of providing equality of opportunity. Equality of outcome is a fools mission. When will we learn that, given equal opportunity, the outcome is up to the individual. Only the individual is responsible for their failure or success. It cannot be socially engineered. There will be a perfect solution the day that the planet is populated with perfect people.
    • LS
      L S.
      3 December 2020 @ 17:44
      One of the best summaries of the basic and fundamental truths of life that has to be revisited. The old, rich and the guilt ridden often ruin this for the rest of us, I'm sad to say - usually as pawns of the real fear and control mongers.
  • DM
    David M.
    3 December 2020 @ 17:28
    The advocation of health passports by a billionaire who has the power to concentrate power is frightening. We are on the path to a technocratic, AI dependent future that is going create unfathomable division. Chamath shrugs his shoulders in a 'health passports are the logical and inevitable path' sort of way, but it absolutely is not. We have been lied to from the beginning this pandemic and the people watching this video should call it out, as they probably have more influence than the average citizen. We are on the cusp of a new paradigm.......and I get the sense there is going to be an enormous struggle coming up.
    • LS
      L S.
      3 December 2020 @ 17:42
      Yes, it is disgusting. The most ironic thing of all is that Bitcoin is the way out of exactly the same situation or mentality that has caused the elite/central/globalist response, which is based on control and central planning. Yet we still can't shake the power brokers to wake them up on what's going on; all they see is $ either way.
  • SD
    Shayne D.
    3 December 2020 @ 04:42
    I wonder how many billionaires are in the comments section? My contribution is that we need human interaction to socialise us. If the keyboard warriors said in person what they say online they would get a smack in the mouth. That keeps us in check. Not the actual smack, but the possibility of it if we go too far. Old psychology experiments show we are more cruel and willing to inflict pain when removed from the victim. Social media is the latest evidence of this.
    • JS
      John S.
      3 December 2020 @ 16:19
      So is your position: 1) Because he is a Billionaire his arrogance, clearly on display to many who watched the video is socially acceptable? 2) If we say or write something another does not like, physical assault is warranted and an expected outcome? I agree with you, anonymity behind the computer often compels people to type things they would not say in person but this does not mean that the sentiment of the typist is incorrect. I am afraid Mr. Palihapitiya's presentation was off putting to more then a few viewers as evidenced by the comments. Maybe you and he should consider why that is the case rather than just assuming it is rank jealousy or justified because he has a fuck ton of money and that those who did not care for his talk, deserve a bitch slap.
  • KL
    Kalle L.
    3 December 2020 @ 09:15
    Hi, thanks for a great conversation. I just want parents to know about khan academy, a free online education platform. Super pedagogical and great teachers.
  • JS
    John S.
    2 December 2020 @ 22:39
    I hated this and frankly after watching it I am not sure I want to be a member of Real Vision and pay after my $1 for a week. If I wanted videos on personal morality and ideas on social engineering I would sign up for regular videos from the BIS and the rest of the JMK fan club. The apparent indolent attitude of these two men towards the surveillance state joining hands with big business to manipulate people through financial handouts for what Big Brother(them not me) decides is right for us, is disturbing to say the least. They are right the current system is very broken but the guest seems to be very happy to "let people decide" as long as he is the one of the people who gets to decide on the next system to manipulate people with free shit so the decide what he wants them to. I learned NOTHING from this lecture other than something about Armenia, mental health tips, nonsense about climate change and this guy thinks pretty much everyone but him is an arrogant asshole. He must be alone a lot.
  • TE
    Thomas E.
    20 November 2020 @ 22:27
    I really like this guy. Hope RealVision has him back on in the near future. I agree that education is ripe for disruption and I agree if you are top notch teacher you should be able to distribute lessons that people pay for and you should have the potential to earn a ton of money if your lessons and teaching style is effective and gets results. Of course this would upset the current education establishment and teachers unions but all dinosaurs will die at some point.
    • MW
      Max W. | Real Vision
      20 November 2020 @ 22:47
      This already exists in Asia to some extent for English teachers and college entrance exam teachers who have good track records. I saw some articles back in 2013-2014 about teachers earning millions. It's amazing that it tends to be in subjects or for tests that demonstrate a clear return on your investment.
    • TE
      Thomas E.
      2 December 2020 @ 16:18
      Max - I saw the same thing or similar article. It was about a teaching in South Korea who has a tutoring business. Earns millions each year because he has so many subscribers. It also helps that education is taken seriously in South Korea. I think most kids there spend like 12 to 14 hours a day studying. I think that's probably over-kill but when compared to the average kid in the USA who goes to "school" for 7 hours a day and his parents get the teacher fired if their kid has homework it's no wonder education in the USA is inadequate.
  • GB
    Grzegorz B.
    30 November 2020 @ 02:52
    CHAMATH is very smart guy but politically very naïve. Middle East turmoil has nothing to do with oil.
    • LB
      Lorenzo B.
      1 December 2020 @ 14:32
      totally agree I can't grasp if it's his naivety speaking, or his Marketing-Persona. With all the due respect for his achievements and for many of his thought-provoking ideas and chats, Chamath falls perfectly into the Populistic spectrum of our Zeitgeist
  • MM
    Magnus M.
    1 December 2020 @ 04:45
    Wow, I started off enjoying the interview, but got more and more annoyed as things went on. Unfortunately this guy is a hypocrite. He calls other people 'morons' and 'fucking idiots', who should just go crawl back into the uninformed holes they came from and shut up, but then he proves to be so full of his own opinion of his own intelligence and knowledge, that he turns out to be completely off-putting. He admits that he owes much of his success to the Canadian welfare system and then turns his back on it, except that he then wants to change the world into 'Canada-Plus'. Although he said many things that was thought provoking, his apparent arrogance eventually only made me wish he would his own advice and shut up.
  • MB
    Matt B.
    22 November 2020 @ 11:03
    Oh boy - who let the Infowars squad in? If anyone here wants an echo-chamber that reinforces preconceived ideas, ZeroHedge and Breitbart are out there for you. If you’re after having your perspective challenged and hearing views that aren’t yours so you can be better informed and make an informed refutation, stay tuned. Running around name-calling and insulting people isn’t really going to help enlighten anyone. Respectful disagreement is a fine art and we should all practice it.
    • MB
      Matt B.
      22 November 2020 @ 16:41
      I am just loving that this post calling for "respectful disagreement" has so far got more down-votes than up. Hilarious!
    • MB
      Matt B.
      22 November 2020 @ 17:01
      I'm also enjoying very much that Chamath's call for "centrism" has been labelled as "communism". Everything has become so binary and tribal it would be depressing if it weren't so hilarious.
    • SG
      Steve G.
      24 November 2020 @ 02:37
      What sites do you frequent for news o wise one?
    • JM
      Jonathan M.
      30 November 2020 @ 10:25
      Breitbart is more of a news source than any organization I can think of
  • EA
    Erlend A.
    29 November 2020 @ 16:52
    Fantastic, thanks!
  • DF
    David F.
    29 November 2020 @ 11:34
    I've really persevered to find time to watch this conversation in full, because I feel Chamath does talk so much sense. It was enormously worthwhile making the time. Thanks
  • RS
    Ramsey S. | Contributor
    28 November 2020 @ 15:34
    Great discussion. One of my favorite RV interviews
  • XS
    Xin S.
    28 November 2020 @ 07:03
    Going back to his comments about his thought about the future, he seems to endorse tyranny. He wants to fully control normal people's life and living activities and makes the decision for them because he thinks he can make a better decision than other people. He is a true socialist. I have unfollowed him on Twitter.
  • XS
    Xin S.
    28 November 2020 @ 06:58
    Read through the first about 10-20 feedback, makes me feel better now because general people seem to see through his fakeness. Have two questions to ask Mr. Palihapitiya, has he filed his Canadian personal tax return each year as a resident? If not, he has personally benefited the Canadian welfare system, when he could pay back, he chooses to stay away from the high tax country. And how could he lecture and endorse socialism? if he truly endorses socialism, he should move back and live in Canada. My second question is why he moved to the US and obtained US citizenship? Since the US system is so corrupted, why Canada underperforms so many years and in so many factors.
  • JT
    John T.
    28 November 2020 @ 02:28
    Great interview. Chamath is a true thinker. I look forward to seeing him on here again.
  • Dv
    Daniel v.
    27 November 2020 @ 14:25
    "I find that a lot of people in Bitcoin, and it's so funny because many of them got them after I did...they are just so arrogant about it..." One of the worst interviews i've seen in a long time. Sorry guys.
  • Dv
    Daniel v.
    27 November 2020 @ 14:19
    The guy is only complaining about everything.
  • AM
    Alastair M.
    26 November 2020 @ 23:32
    Raoul, festival goer, I suspect so...playground fighter, i doubt...
  • EF
    Ed F.
    26 November 2020 @ 00:26
    Chamath is a true thought leader. He is so many steps ahead of everyone else and operates across so many fields. One of the best people RV has interviewed.
  • GE
    Gene E.
    25 November 2020 @ 15:36
    Thanks @RaoulPal and @ChamathPalihapitiya, for the great interview. Great observations. points of view, and landscape. Btw, I agree with the fast “cut them a check” distribution method. The money has to be given out fast, just drive down the streets with dump trucks and throw 100s out. This get’s the population some physical exercise scrambling for bucks; toss out in the population centers right in front of the businesses who need support; people feeling the euphoria of fast money, don’t contemplate how to spend it a long time. It just gets spent right away. This feeds the population and state and local tax departments when they need it. Trickle down doesn’t work because it moves too slow. The money enters a slow moving corporate administrative process. The hoped tricklers, have no urgency to deploy it. They didn’t need it in the first place. They frequently get to ‘C’ level status by being conservative with capital allocation. The new easy money isn’t viewed any differently. So stimulus either doesn’t take place, or it takes so long to deploy, the crisis has gotten worse or we’ve limped through it. The trickle down philosophy didn’t work. It was a “let’s see what happens” project. Ok, we see it didn’t work. Time to try something else. We also need new intermediate and long time horizon areas to spend and deploy capital, to employ people and hopefully benefit society. Incidentally, #climatechange initiatives fill that bill. An ideal economic balance takes place when pace (velocity of spend) and direction is in synch with goals that help all areas of society and those collective goals are expressed and targeted. Oh, and @ John P., @Alan S., et al., sometimes feeling passionate, extreme, or revolutionary powers you to accomplish your goals. Teams that are in this mindset can be virtually unstoppable. They feed off each others energy. Money is secondary. The energy is so high because you feel you are doing what no one has ever done before and you get caught in, and drive the euphoria. This is startup nirvana, in the flow, in the zone. Gene Evangelist
  • WB
    William B.
    24 November 2020 @ 00:58
    Why is consumer choice good in finance but not in education? Why should we have thousands of banks but only a small number of highly paid educators?
    • BN
      Benjamin N.
      25 November 2020 @ 12:03
      Banks create personalized/tailor made services. Education during the pandemic is more like netflix. Why wouldn't you watch the video or participate in the program of the best teacher available?
  • EC
    Edward C.
    25 November 2020 @ 09:40
    Some interesting comments but something just doesn't sit right. Need to watch it again. Quite abrasive, enjoyed lecturing Raoul.
  • RS
    ROBERT S.
    25 November 2020 @ 06:54
    Chamath is one of the biggest charlatans of them all. Go back and read his twitter posts from 2018 onwards, he couldnt have been more wrong about essentially everything, yet still continues his disarming know it all approach to living and investing virtuously.
  • MY
    Michael Y.
    25 November 2020 @ 05:38
    He went right for the jugular during this last segment on education. It was something along the lines of dip shits. But essentially, crushing caste systems and classism, something that is as real in America as it is in England; albeit slightly less stodgy. Some of those points were really powerful.
  • JL
    James L.
    22 November 2020 @ 08:26
    climate change, covid is all govt scam. can't believe you guys are down for this totalitarian garbage
    • DS
      David S.
      23 November 2020 @ 03:18
      A hospital drive by might help. DLS
    • KH
      Ken H.
      24 November 2020 @ 15:58
      I didn't expect a comment like that at RV
    • JL
      James L.
      25 November 2020 @ 03:54
      yeah, ive been to many hostpitals thanks. you can continue to be stupid, enjoy it.
    • JL
      James L.
      25 November 2020 @ 04:09
      always amazes me that the people who pretend to be the smartest always fall for media bs. grow up and open your eyes. go talk to real doctors.
  • JH
    Joel H.
    24 November 2020 @ 07:47
    Here's the best answer to climate change that I've heard. Don't feel like the answer given in this interview was quite as detailed or thoughtful: https://www.youtube.com/watch?v=PPQ8AyJzBNk&ab_channel=TheUnpluggedObserver
    • MH
      Martin H.
      25 November 2020 @ 02:44
      Jordan actually thinks.
  • TR
    Thomas R.
    24 November 2020 @ 21:45
    These are the World Cup Quarter Final interviews. Thankfully they don't happen every week. Great conversation! Thanks Team RV!
  • AP
    Alfonso P.
    24 November 2020 @ 21:36
    irreverent, challenging, defiant, excellent!, that is the RV experience and at the end Balance....
  • AV
    Arnold V.
    24 November 2020 @ 20:59
    Ottawa hear! Great to hear you enjoyed your stay in Canada. Really liked your blunt manner and direct language Chamath! Great discussion and great viewpoints.
  • SG
    Satvinder G.
    24 November 2020 @ 19:25
    Chamath is a great thinker. Fabulous interview!
  • CP
    Christopher P.
    24 November 2020 @ 19:00
    Loved it!
  • KH
    Ken H.
    24 November 2020 @ 14:55
    One of the best things on RV yet!
  • AD
    Anthony D.
    24 November 2020 @ 09:48
    This was powerful enjoyed it very good levelling needed in society
  • AS
    Alan S.
    23 November 2020 @ 05:21
    Chamath is always good value but there's an unspoken truth here. While I loved the mutual respect that clearly exists between these 2 I have little doubt that when Chamath condemns the Bitcoin zealots, Raoul falls into that category, too. I hold BTC and hope it prospers but I have constant doubts about it, doubts that BTC evangelists often sidestep because they're so caught up with its magnificence.. If you read this Raoul, love the glory of crowds, too. I also went to Live Aid and Queen at Wembley - I still have my tickets !
    • RP
      Raoul P. | Founder
      23 November 2020 @ 10:59
      Im not a bitcoin zealot but I do know and incredible trade opportunity when I see it! I still have my tickets and my program (its framed on my wall).
    • RS
      Richard S.
      23 November 2020 @ 15:17
      it sounded to me like Chamath was also positive, but saying not to damage adoption by revealing your true passion. Better to underplay it, propose a more moderate position, and this will be a more acceptable adoption model for a massively larger number of people.
    • AS
      Alan S.
      24 November 2020 @ 09:24
      hi Richard, Chamath used to own a vast amount of BTC but is now highly sceptical. I've watched him talk about it many times - he holds a small amount in case disaster strikes the world cos he thinks it's a good hedge. And that's it. He firmly refuses to follow its movements and tells his kids to talk about sth else if they ever engage him in conversation about its movements.
  • ph
    phil h.
    24 November 2020 @ 09:17
    Appreciate these views so much
  • CS
    Christopher S.
    24 November 2020 @ 04:27
    "Take this vaccine and give us all of your data or you're a fucking idiot. People who are smart are moderate." Ok
    • JH
      Joel H.
      24 November 2020 @ 07:35
      'those fucking idiots need to be unemotionally, DAMNIT!' UNEMOTIONAL!!'
  • JH
    Joel H.
    24 November 2020 @ 07:20
    I have really mixed feeling about Palihapitiya. Some of his conclusions seem too simplified, which concerns me. I am really glad that RV got him on here for sure though, there's alot of food for thought in this interview, but also seems like there's a window here on how top down thinkers are thinking about what going on in our world right now. Hope RV can have him on again a couple of years in the future.
  • JP
    John P.
    23 November 2020 @ 05:08
    Bitcoin should be presented pragmatically. But I don’t think it can removed from its extremist core without losing its essence. You saw this with implementing segwit vs Segwit2x and the bitcoin cash fork. Without strong ideological viewpoints, a compromise here could have derailed bitcoin. Bitcoin has succeeded because the community around it has good ideas and a good ideological approach to our flawed economic/monetary system. As more people get involved in bitcoin, there will unfortunately be an influx of bad ideas and these ideas need to be cast aside. I personally don’t care if BTC spends 20+ years getting to $1 million per coin. If the community becomes tainted with bad ideas, it won’t ever get there.
    • AS
      Alan S.
      23 November 2020 @ 05:16
      wow, flawed argument. You're equating "strong ideological viewpoints" with extremism and zealousness. They're very different. Therefore you come across as someone denying the truth of what Chamath voiced. PS - I'm a BTC holder and want it to thrive but I have some scepticism too
    • JP
      John P.
      23 November 2020 @ 07:01
      I'm purposefully re-framing extremism as a strong ideological viewpoint. I'm not sure when you got into bitcoin but if you read up on the history it has long had a zealous core crowd. The extremism is an absolute good thing, they have been right every step of the way.
    • AS
      Alan S.
      23 November 2020 @ 07:12
      yep John P, you're the very extremist type that Chamath is talking about and just because BTC has kept going up doesn't mean it always will. As I said, I hope it will, but you need to keep your mind open to the possibility that Bitcoin is the same as Dutch tulips and could one day collapse spectacularly.
    • JP
      John P.
      23 November 2020 @ 19:53
      Alan, you are missing the point entirely. The extremist ideology is not about belief that the price will go up or down or be a fad. As an example, I actually sold nearly all of my bitcoin in Dec 2017 and Jan 2018. I also made trades around it prior to that, it is, after all a speculative asset. What the extremism or zealotry is about is maintaining Bitcoin's core ideology of decentralization and freedom. It is inherently compatible with anarchist and libertarian viewpoints. Without this connection Bitcoin would cease to be Bitcoin. Would you own bitcoin if the codebase was mostly maintained by JP Morgan and B of A? Would you own it if all the new macro players successfully lobbied for some bureaucratic entity to maintain node control? Would you own if someone like Chamath conspired with a bunch of industry players behind closed doors to unilaterally change the code because they thought it was "pragmatic"? Bitcoins entire value proposition is that it exists outside of the system. Making it part of the system turns it into nothing. Buying bitcoin is about financial autonomy and wealth preservation necessity, not creating some asset to pump and dump to your grandma.
    • CP
      Chamil P.
      23 November 2020 @ 23:58
      I guess it comes down to balance! BTC doesn't need to compromise and should stay true to it's core. However, perhaps every other project that tries to do things differently doesn't need to be attacked either. Experimentation is good. Just let most of happen on other projects instead.
    • JP
      John P.
      24 November 2020 @ 06:34
      I agree conceptually Chamil, but the crypto space is also full of scams and scams that don't know they are scams. There's a long standing viewpoint that altcoins only exist to take your bitcoin. Overtime this has continually proved to be true. That's not to say other projects aren't interesting from a technical or conceptual standpoint, but the few that are interesting never seem to get as much credit as the outright scams.
    • AS
      Alan S.
      24 November 2020 @ 07:17
      no John, I'm not missing the point at all, you are. I never said the extremism was "about belief that the price will go up or down or be a fad". You say "What the extremism or zealotry is about is maintaining Bitcoin's core ideology of decentralization and freedom" That's your view but once again you present it as an incontrovertible truth. This discussion is heading nowhere useful, so I wish you good luck!
  • MH
    Martin H.
    24 November 2020 @ 03:29
    Surely crypto currencies kill banks entirely? Won't we see decentralized lending platforms acting as a liquidity brokers between parties seeking to lend or borrow money? Doesn't this redefine banking period?
  • MH
    Martin H.
    24 November 2020 @ 03:12
    Many Americans I had talked to prior to the Trump episode saw it as one party with two faces in front of one machine. They really felt that their vote didn't matter and Repub/Democrat didn't matter. Window dressing for the most part.
  • MM
    Mark M.
    24 November 2020 @ 02:26
    “Be Seeing You” -The Prisoner
  • MJ
    Marc J.
    21 November 2020 @ 23:13
    In an ideal world...
    • MJ
      Marc J.
      21 November 2020 @ 23:23
      sorry, had to switch off with 21 minutes remaining. I have personally studied 'climate change'. It's government sponsored terrorism and all involved should be tried in a court of law for terrorist activities, including Hollywood activists. And that little Swedish girl should sue the shit out of everyone who has brainwashed her, including said Hollywood actors.
    • MT
      Mike T.
      23 November 2020 @ 10:54
      so you have personally studied climate change? Hmmm. How about publishing your work for all to critique? Hopefully it will be substantial and thorough and much more than purely citing opinions of others. Please show us what YOU have found out.
    • MJ
      Marc J.
      24 November 2020 @ 01:15
      Mike T, The problem is too much BS. I can't do your research for you but I can suggest areas that you can look in to. Has the IPCC model accurately predicted the last 10 years of climate change? How does the IPCC measure carbon content in the atmosphere? Does their model pre-predict previous climatic changes (e.g. does it pre-predict the maunder minimum?). What weighting does the IPCC give to variations in solar emissions? Have a look and let me know what you think.
  • vt
    vernon t.
    24 November 2020 @ 00:22
    many kudos to both for providing much to think about
  • JK
    Jonathan K.
    23 November 2020 @ 23:33
    Love the honesty. He just doesn't pull punches because he obviously isn't beholden to the media/politicians/public as most people. Keep this guy on RV. Lets hear from him 4x per year please! His mind obviously moves so fast, it would be good to hear what he is thinking often.
  • KL
    Kim L.
    23 November 2020 @ 19:52
    One thing about behavioural economics and governments. Governments around the world are already implementing behavioural economics in their policies. Governments, in the UK, Canada, Australia - they have behavioural insights units to design behavioural informed policies. This has been happening for about 7 years now. The most famous team is the Behavioural Insights Team (BIT) which spun off from government awhile back.
  • KL
    Kim L.
    23 November 2020 @ 19:36
    Great Interview. Love the phrase - when you fail, you learn. Same is true about investing.
  • OP
    Oso P.
    23 November 2020 @ 19:04
    this was one of my favorites so far. In real life I am isolated from intelligent life forms, so this channel is a lifeline. Big Up Chamath and the RV crew for putting all this together.
  • TZ
    Todd Z.
    23 November 2020 @ 17:11
    Great discussion. Appreciate it when an interview reframes an issue to make you look at something a completely different way, even when you agree or disagree with the topic. Will be listening to this one again.
  • WM
    William M.
    23 November 2020 @ 15:51
    Great interview!
  • Sv
    S v.
    22 November 2020 @ 20:58
    Enjoyed this interview - however Armenia makes no sense... it’s clearly not just hours or sun light that is important but also land mass to build the infrastructure on...
    • CP
      Chamil P.
      23 November 2020 @ 03:59
      I think he may have meant Yemen. https://www.weforum.org/agenda/2018/05/these-20-water-stressed-countries-have-the-most-solar-and-wind-potential#:~:text=Yemen%20has%20the%20highest%20average,stressed%20and%20least%20developed%20countries.
  • CP
    Chamil P.
    23 November 2020 @ 03:58
    Excellent interview! Thank you Raoul and RV. I did not expect to see climate change being such a hot topic in the comments though. Chamath's message was pretty simple. It was all about balance, avoiding extremism and learning. I'm still astounded that there are so many people who are not even willing to consider alternative forms of energy and new ways to do things. Surely when the future of the planet is it at stake, we should consider all options. If the scientists are wrong, we are still likely to end up with a much cleaner and more livable planet and a vast array of new technology. Chamath even raised the geopolitical power balance which I had not considered previously. If the climate change deniers are wrong however, the price we will all have to pay will be much larger.
  • AE
    Abou E.
    22 November 2020 @ 11:48
    I think chamat is wrong when he said Armenia is the country that gets the most sun. Just looking quickly at a map, Armenia is just north to Iran and Turkey ans is very small. May be he mixed the name with Algeria, the largest country in Africa by area and its approx. 2/3 of its area is desert. I could be wrong. My be Chamat can comment?
    • CP
      Chamil P.
      23 November 2020 @ 02:21
      May be he meant Yemen? https://www.weforum.org/agenda/2018/05/these-20-water-stressed-countries-have-the-most-solar-and-wind-potential#:~:text=Yemen%20has%20the%20highest%20average,stressed%20and%20least%20developed%20countries.
  • ZG
    Zeca G.
    23 November 2020 @ 01:26
    Bitcoin (BTC) and Tesla (TSLA) are changing the world and are fully unstoppable by now. Chamath saw it all coming.
  • ND
    Nicole D.
    23 November 2020 @ 00:56
    Really great talk, thank you Raoul and Chamath!
  • RB
    Rahul B.
    22 November 2020 @ 22:56
    Amazing. Two of my favorite guys in the world.
  • AS
    Ash S.
    22 November 2020 @ 21:04
    So good!!
  • WB
    William B.
    22 November 2020 @ 19:16
    Great interview! Opened my eyes to a lot of new ways of thinking. At the end of the interview I even started thinking about the practical/stoic philosophers, e.g. John Stuart Mill, etc..
  • AB
    Andrew B.
    22 November 2020 @ 18:52
    Holy fucking shit. I wanted to clap at the end. Great stuff guys. Amazing.
  • DB
    Daniel B.
    21 November 2020 @ 20:59
    I enjoyed this. I have begun to look at green energy as just another scam for Bill Gates and the like to apply their well rehearsed 'disaster capitalism' opportunistic play book, especially when you get into the nuts and bolts of biofuel. But there does seem legitimate hope in solar. It's not perfect, a bit of a way to go, but I'd never really considered the ramifications for peace in the middle east [although does seem kinda obvious in hindsight]. Insightful. Thanks guys
    • LK
      Lauri K.
      22 November 2020 @ 16:35
      The BIG problem is the storage of energy. Oil is the Earth's most efficient way of storing energy. We need a technology to replace it before we can shift away from it. Currently there is no such technology. The discovered lithium reserves don't even enable the total electrification of our cars, let alone all our energy needs. This is where the capital should be allocated before we build windmills and solar panels to everywhere.
  • NJ
    Nesko J.
    20 November 2020 @ 10:18
    The highest average annual hours of sun are found within the Sahara Desert region and the US, the sunniest country on Earth, according to the World Data Center for Meteorology Top places and countries: https://www.currentresults.com/Weather-Extremes/sunniest-places-countries-world.php
    • LK
      Lauri K.
      22 November 2020 @ 16:27
      Generating electricity with solar cells is a combination of light emission and temperature. The best location have plenty of sunlight while having a cold tempertaure. The efficiency drops drmatically when the temperature rises. Thus highlands like in Chile are the best places for solar panels.
  • NN
    Noel N.
    22 November 2020 @ 16:23
    This has got to be one of the top interviews of this year. Thanks Raoul and Chamath
  • PF
    Patrick F.
    20 November 2020 @ 19:21
    #GlobalWarming is far from an accepted theory. In fact it was so unsellable that they now call it #ClimateChange. For Silicon Valley they've drunk the Leftist Koolaid. Strange to hear an engineer say Carbon at 400 parts per million is an issue. It's plant food. Solar cycles are a more likely cause of warming/cooling cycles. Solar/Wind power are so inefficient in many parts of the world. Not to mention the fragility of solar panels covered in sand, and windmills killing millions of birds. Renewables are not the solution.
    • LF
      Liam F.
      20 November 2020 @ 21:18
      Taking care of the environment and not shitting up the air and water we breathe and drink is just a smart idea. To this end, I'll take Pascal's wager on the environment and climate change any day. To be incorrect means that we end up with a way cleaner environment and more efficient use of resources. On the other hand, if we play the alternative hand and are wrong, we're in for a nasty mess of mass migrations, die-offs, war, famine, and disease. IMO, climate change is THE existential threat of our time. Nothing else even comes close. Happy to be 300% wrong on this assertion BTW. The reason for changing terminology from "global warming" to "climate change" is multifold: 1) It's a more accurate description of what's observable 2) Warming is a gradual phenomena. What's a degree or two amongst friends? Human psychology doesn't register small incremental--yet catastrophic--change as a problem (see boiling frog). The changing climate is more immediate, visible, and violent. Talk to farmers. Talk to people who work outdoors. Come spend a summer in California. Talk to some polar bears. Etc...
    • TE
      Thomas E.
      20 November 2020 @ 22:25
      Regardless of your belief or lack thereof in climate change you have to agree that pollution is bad. I agree solar and wind aren't the answer. Perhaps part of a mix of solutions but renewable are the answer not fossil fuels. Nuclear fusion is the solution and some believe we are less than 10 years away. There are some incredibly smart people working on solutions and I think some will be found and when they are fossil fuels will be obsolete.
    • LK
      Lauri K.
      22 November 2020 @ 16:15
      I am sure everyone is against pollution and unnecesary emissions. But the wind and solar are not sustainable. If you look at wind, the lifespan of a mill is around 25 years, after which its unrecyclable waste. Also the energy production of windmills is so variable you really cannot replace other energy forms with it by itself. This has led to increased carbon emissions in Germany, after they decided to replace nuclear energy with wind and solar. This also resulted in the highest electricity cost in Europe.
  • PJ
    Peter J.
    22 November 2020 @ 15:49
    Loved this interview, spot on re the dogmatic v pragmatic approach to BTC. Although, as a gold holder of long standing it also exists in that community. Blinkered thinking is an anathema wherever it exists.
  • AD
    Antonio D.
    22 November 2020 @ 13:05
    Incredible, this touched on topics about the world rather than just finance and economics. One of the great interviews of RV. Bravo - Raoul and team.
  • SB
    Samuel B.
    22 November 2020 @ 12:58
    He is factually incorrect that people are not fighting over resources but instead power and psychological needs. Living in "the bad part of town" around loud, aggressive people and/or in small apartments with thin walls is very much a resource problem. Cheap weed and taco bell in section 8 housing is hardly a "substitute" for a house, wife and 3 kids, a year of savings, and confidence in income. They pretended to pay and we pretended to work is how that ends. Rome fell because they couldn't afford to pay for security = soldiers and police. He really doesn't understand the societal purpose of revenge. Marketing is not going to solve these problems. The promises of security and prosperity are now and forever recorded on the internet.
  • PF
    Patrick F.
    20 November 2020 @ 18:45
    Silicon Valley envisions a world where people get vaxxed every time the Govt. claims there's a virus? One that 99.9% recover from anyway? And co-worker drones demand you have it? Over and over forever? A Vaxx that has zero liability and is full of what exactly? This is a Dystopian vision.
    • MW
      Max W. | Real Vision
      20 November 2020 @ 20:36
      Have you heard of the flu shot? https://en.wikipedia.org/wiki/Influenza_vaccine
    • SS
      Stephen S.
      21 November 2020 @ 01:46
      Yeah I was listening to that thinking if that is what is required to visit an office I’d probably just rather not work in it.
    • PP
      Patrick P.
      21 November 2020 @ 13:42
      Hey Max .. Flu shots are a crap shoot ...influenza virus rapidly changes. While their effectiveness varies from year to year, most provide modest to high protection against influenza. And in some years no protection at all.
    • MB
      Matt B.
      22 November 2020 @ 11:10
      Has anyone here studied immunology, pathology and virology - ie are your views based on your own knowledge? I studied all three and my favourite classes were - molecular biology - genetics - inflammatory reactions - immune system - how to brainwash the world with vaccines and microchips - virology
  • AT
    Anthony T.
    22 November 2020 @ 06:49
    Love reading the comments here. So many people getting triggered it's funny
    • MB
      Matt B.
      22 November 2020 @ 11:04
      Pass the popcorn
  • FS
    Fernando S.
    21 November 2020 @ 22:13
    "I might have gotten too big for my britches" Proceeds to call everyone idiots
    • DP
      D P.
      22 November 2020 @ 09:17
      Some like Chamath who I'm sure felt discounted by his surroundings much of his existence will always be a bit edgy. He likely used his anger as an energizer to help him overcome all of the hurdles on his way to where he is today.
  • NR
    Nathan R.
    21 November 2020 @ 14:39
    RV has truly lost its way. I won’t be renewing. Congratulations to Grant Williams. Good sell.
    • RD
      Ryan D.
      21 November 2020 @ 15:25
      Why do you think he left? I still enjoy both. RV seems to me to be a little more Alt CNBC now with it separate subs etc and I think maybe Grant wanted a truly more accessible democratic platform. Just speculating....
    • TP
      Timothy P.
      21 November 2020 @ 18:12
      I have to say I've toyed with downgrading to essential. In the beginning, the lineup of guests were unparalleled and it was worth the cost. Now, I feel like I'm watching attempts to fill the content pipeline, but not much thought given to the depth of those participating. Compare the production quality from the early days to now. It isn't just that its all devolved into Zoom-esque video squares, sometimes with audio that is poorly calibrated and mixed, its just that the same care that was put into the product isn't the same to the end-user. I'll hang in there for a bit longer, but if we keep getting all kinds of random interviews I don't really see the point in paying for it.
    • PB
      PHILLIP B.
      22 November 2020 @ 05:28
      Bye.
    • BP
      Bryce P.
      22 November 2020 @ 07:52
      Amen. I'm kind of disappointed I renewed myself. Not sure yet if I'll be renewing next time though. RV won't let you call people idiots or cuss here. Plus they will censor your comments too. However, billionaire guests can cuss and call people names no problem. Now don't get me wrong I could careless if guests call people names or drop the F bomb every other word. Same goes on the message board I could careless what people write. Just let me do the same especially since I'm paying to be here. It reminds me of that scene near the end of Tombstone where Doc Holiday is visited on his death bed by Wyatt Earp. In the course of chatting Doc says "it appears my hypocrisy knows no bounds."
  • TC
    Tom C.
    22 November 2020 @ 00:52
    Pretty arrogant guy, I guess I'll see you in 5 years when the $ collapses and the fraud that is "clean energy" collapses and crude is back above 100$
    • BP
      Bryce P.
      22 November 2020 @ 07:23
      Most likely correct, Tom. Just more globalist garbage. On a side note I can't wait for the religion of "climate change" to be exposed for the fraud that it is that will lead to the enslavement of humanity. WAKE UP!!!!
  • GA
    Gerald A.
    21 November 2020 @ 07:12
    Chamath is in the business of rare earth metalsmining and refining. So he knows that so-called green energy really isn't green. Rare earth metals mining and refining is pretty much the most environmentally toxic form of mining and refining. One of the dirty little secrets (there are others) that the green energy industry doesn't talk about, since most of the toxic destruction and radioactive lakes are in China, out of sight and out of mind. No need to educate or scare or outrage Greta. All forms of energy come with signficant environmental tradeoffs. The so-called green energy industry refuses to be honest with theirs.
    • PB
      PHILLIP B.
      22 November 2020 @ 06:19
      You were doing ok with your comment until you politicized it.
  • EK
    Euna K.
    21 November 2020 @ 04:20
    Great advert for smug, arrogant techno-Communism.
    • CG
      Christine G.
      21 November 2020 @ 06:36
      Wow. I think you might profit by listening to this with an attitude of curiosity. Good luck.
    • JD
      James D.
      21 November 2020 @ 18:39
      He's obviously a brilliant person. I would like to hear an alternatives to government run health care and education system. Solve this and you are rich!
    • PB
      PHILLIP B.
      22 November 2020 @ 06:15
      Yeah, the current system is working out so well for so many. Not sure why anyone would waste time listening to new ideas since we live in the best of all possible worlds. Too many fresh, new, and dangerous, ideas covered here. This interview should be censored, removed from the platform as it has the potential to provoke conversations and get people thinking.
  • MD
    Matt D.
    22 November 2020 @ 05:47
    Great interview Raoul and Chamath. Very provocative in a positive way - and I have read about 4 comments and am not surprised. Which is good - passion and belief v extremism ? Thought it was interesting the claim that Silicon Valley has a positive attitude towards failure. Perhaps a slight divergence from that attitude is their overt belief they can censor material on their own platforms (including apps with Apple). This interview probably needs a few more hours/days of discussion. Thanks again. Cheers.
    • MD
      Matt D.
      22 November 2020 @ 06:04
      Interesting to see the comments below - there seems to be a slight theme in them, and the people saying it seem to be speaking from experience (history). It seems finance/money/efficiency (=cost) is going to be the arbiter for future change which is a negative in my opinion. The conclusion of this will be it will get to the point that you will be owned! Literally. Give it time. Intelligence is for some reason becoming far to highly rated these days. Intelligence develops an arrogance that we are beginning to see these days too. Isn't it often the way - two extremes yet the desired outcome is actually the center, the balance....
  • IW
    Ian W.
    22 November 2020 @ 06:01
    I was deeply dissatisfied by the lack of thoughtful response to Raoul's question about the erosion of personal liberty (near the 41 minute mark). While I agree with his later point that vocal minorities exist, and that the sensible view often comes across as rather boring/moderate, the dismissal of a legitimate concern is a bit disturbing.
  • DW
    Donald W.
    20 November 2020 @ 23:48
    Mr. Palihapitiya likes to call everyone talking about subjects on which they know nothing "fucking idiots" and then he makes a fucking idiot of himself by talking about "climate change", a subject on which he obviously has no understanding. Carbon dioxide is not a pollutant and has nothing to do with "clean air". In 1988 Dr. James Hansen gave a dramatic testimony before Congress and said computer models that he and other scientists came up with predicted drastic warming of the Earth with rising CO2 levels. The NASA head of climate climate research in the 1970's was Dr. Roy Spencer. Dr. Spencer felt that the land based temperature recording stations were frequently too close to population centers or the land was now surrounded by farm land rather than wooded areas when first installed. These problems would make the data unreliable and show warming where there was no true warming. Dr. Spencer convinced NASA that we needed a satellite system to monitor changes in the atmospheric temperatures. more accurately. The satellite system was activated in 1979. Fast forward to 2020 and all of the 1988 computer models overestimated the warming by 100%. Dr. Roy Spencer parted from NASA when NASA began telling bold faced lies about the accuracy of the models. Spend a few hours reading Dr. Spencer's blog and you will find that he is a totally honest scientist telling us that we are probably wasting money. The one scientist who has published the most papers on the subject is Dr. Richard Lindzen of MIT. Dr. Lindzen said the computer models were terrible from day one. We do not have a single scientific article which proves that man made CO2 is responsible for any of the warming. The world has spent a trillion dollars fighting an unproven problem. Then after reading Dr. Spencer's blog and maybe one of Dr. Lindzen's interviews, I would suggest that Palihapitiya watch the documentary "Planet of the humans" produced by Michael Moore. Wind power from gigantic windmills being "green" is the scientific fraud of the century. To mine the ore, truck the ore to the steel mill, turn the ore into steel in huge furnaces, transport the steel to factories to assemble the windmill, build a huge concrete base (cement production produces a large amount of CO2), you end up with a CO2 footprint larger than any CO2 savings by building the windmills. Germany found out that winds are less in the winter when they have a peak demand for energy. Now they are buying natural gas from Russia. And why are windmills called renewable when they break down in 20 years and need to be replaced. There is also a major cost in disposing the windmills. Photovoltaic energy has a future if we can build panels that are not full of toxic chemicals. We are creating a future environmental disaster with old panels being tossed into landfills and polluting ground water. We also need to find better ways to store the energy. People need to understand the CO2 footprint of mining Lithium. China burns coal to power the plants which refine the lithium, and coal burning produces true pollutants. Solar panels are also not renewable energy. The panels wear out, and so do the batteries used to store the energy. Electric cars being "green" is another fraud when you calculate the CO2 produced making the huge battery that has a 10 year life span, and the electricity used to recharge the battery comes from burning fossil fuel 70% of the time. Palihapitiya may be a financial genius, but on "climate change" and "green energy" he is a fucking idiot.
    • PB
      Paolo B.
      21 November 2020 @ 01:19
      Yes that study was indeed from the 1970 but disconfessed by subsequent data. Models we have are actually getting adjusted as acceleration is higher than anticipated. NASA has a website with tons of information on that: https://climate.nasa.gov/ You can argue for or against of course. But data are data and Chamath has shown the ability to go to the core of a problem - first principles thinking. I highly respect the ones that have this ability.
    • MS
      Michael S.
      21 November 2020 @ 13:02
      You nailed it... He is a “Fucking Idiot” Elitist
    • PB
      PHILLIP B.
      22 November 2020 @ 05:51
      Are you maybe confirming your own biases? A line in the interview salient to how your comment looks was: "The loudest people are never the smartest people."
  • JH
    John H.
    22 November 2020 @ 05:48
    Education and Climate change are topics in "the great reset" conversion, can we get more speaker to talk about this "great reset". Love to learn more about it.
  • MD
    Matt D.
    22 November 2020 @ 05:47
    Great interview Raoul and Chamath. Very provocative in a positive way - and I have read about 4 comments and am not surprised. Which is good - passion and belief v extremism ? Thought it was interesting the claim that Silicon Valley has a positive attitude towards failure. Perhaps a slight divergence from that attitude is their overt belief they can censor material on their own platforms (including apps with Apple). This interview probably needs a few more hours/days of discussion. Thanks again. Cheers.
  • SS
    Scott S.
    22 November 2020 @ 01:41
    Chamath clearly knows nothing about working and business in the middle east. When the gift of easy money from oil runs out, the region is finished.
    • PH
      Place H.
      22 November 2020 @ 04:19
      Lol at Saudis making the investment to exploit free sunshine that drenches their peninsula into cheap energy for additive manufacturing. They would rather spend that oil money on welfare for the 15,000 Saud clan's infinite demand for Ferraris and Lambos and yachts and solid gold toilets. That ain't changing til the oil runs out.
  • DS
    David S.
    22 November 2020 @ 01:39
    This was extraordinary. Great questions and thought-provoking discussions and insights. Chamath is a powerful, innovative thinker and actor in the marketplace today and the RealVision platform offers a superb, long-form, engrossing way to engage with him. This is why I subscribe. Thank you.
  • DS
    David S.
    21 November 2020 @ 20:36
    Excellent interview. In a representative democracy the elected officials needs to make rational decisions. The joining of the middle right and the middle left helps eliminate radical policies. Currently the bifurcation of We vs. They in Western democracies results in the polarizing of the electorate to get the votes needed to win. Selling fear motivates voters and devoles into tribalism. IMO the fundamental voter anxiety in the West is a declining standard of living for many citizens and their children - an existential threat. In the US election both parties offered different solutions to solve this problem and used fear to motivate voters to vote for them. I say all of this to illustrate the engineering/rational approach will solve many problems much better. The problem is getting representatives to work on rational solutions when pandering to their base and party will get them reelected. Thanks. DLS
    • GA
      Gerald A.
      21 November 2020 @ 21:12
      The technocratic fascism of the neofeudal oligarchy sounds so pleasant and seductive the way Chamath (and Raoul) describe it. They are two of the "nicer" advocates of it...benevolent neofeudalism. The flaw is that it is impossible to keep neofeudalism benign. Nudging and prodding with behavioral analytics and a UBI to pacify the debt serfs. Liberal democracy (or the rule-of-law) is an unstable equilibrium solution for human affairs It takes tremendous energy and effort to sustain it. But Central Banks have obliterated any possibility of sustaining it, by undermining the rule-of-law through the destruction of the fundamental economic rule-of-law, sound money. Neofeudal oligarchy (the rule-of-men) is the stable equilibrium state throughout history. Liberty democracy was an exceptional state of history. The is no "classical liberal" middle left anymore. There is the populist right, the populist left, and the neofeudal oligarchy. The destination is know. All the remains to be determined is that path to the destination. Classical liberals will have to hide out in the catacombs.
    • DS
      David S.
      21 November 2020 @ 22:33
      Gerald. A. - Thanks for your comment. I do not disagree with much of your present position. I normally go along with Montesquieu who, I believe, said all types of governments will pass and recycle. For me, I like the rule of law as I prefer to live where I know the ground rules. If someone will make me number one and I set all the ground rules, I will consider a change. Have a great weekend. DLS
  • JW
    Jared W.
    21 November 2020 @ 20:28
    Enough with calling everyone an idiot.
    • FS
      Fernando S.
      21 November 2020 @ 22:11
      nah man this techno expert is smarter than you so it must be good for you. you must just be too dumb to realize how stupid you sound. this guy might be smart but what a douche.
  • PP
    Patrick P.
    21 November 2020 @ 16:00
    It's always easy to spout out what should be done and how it will all neatly come together.... It's a different animal when you're in charge and constrained by laws and large groups of detractors. I always love these tech guys that were in the right place at the right time and now consider themselves genius.
    • FS
      Fernando S.
      21 November 2020 @ 22:06
      seriously good luck getting 'conformity as a feature' without some sort of revolution first
  • DB
    Darron B.
    21 November 2020 @ 21:26
    What an inspiring interview. Such a great thinker
  • MB
    Matt B.
    21 November 2020 @ 14:07
    Blimey. Is this guy smart or what? I have the good fortune to know a very many smart people in finance, tech and other industries. But this guy is stand-out smart. Take notes. Learn every word. And then try to imagine how to do it yourself.
    • MR
      Michael R.
      21 November 2020 @ 21:16
      Better still is that Chamath is straight up with what he thinks and backs his argument.
  • RH
    Ron H.
    21 November 2020 @ 03:42
    Intriguing conversation full of great insights, and an incredible backstory. Though to push back on some overriding themes, while Silicon Valley is a full of optimism, and beliefs in the inevitability of progress and the ability to solve intractable problems, this also seems to be the source of a major, pervasive blind spot. The STEM-ification of the world can produce some good, but probably not if it comes at the expense of humanism, which I'd argue it has to date. Extremism has, in fact, been encouraged on Silicon Valley platforms as 'a feature' to drive engagement; it's not a bug or a byproduct. The surveillance state has, in fact, been powered by the wink-wink, nod-nod backdoor access to their deceptively invasive products and practices. Inequality, and the extremism that it engenders, has been driven by their ruthlessly monopolistic (and lobbying) practices, which by the way stifle the innovation they are supposedly known for. This is all as much a part of the SV ethos as 'the acceptance of failure'; theirs is a very mixed bag. Not to say that Chamath himself is implicated in any of this, but calls for centrism can ring a little hollow coming from this general direction to the skeptics among us. They are, in a sense, of way of avoiding asking the deeper questions, such as: why there is so much extremism in the first place, why is it rising, what are we actually going to do about it, and why does democracy seem to be waning around the world? Martin Luther King, who ought to know, said that 'riots are the language of the unheard'. We can listen to that wisdom, or we can dismiss it. I think it's quite clear which of those is the path to finding real solutions. Technology is very powerful, we all agree. Perhaps it is inherently amoral. But it is very debatable, and not at all clear, that this power has to date been used morally, or to make the world a better place and actually solve real problems. I can use the internet, and do, to download some of the greatest books every written on Project Gutenberg, only to see that fewer than 1,000 people globally have downloaded the same book. Compare that with the viewership of the latest viral product of psychological warfare, or incitement to violence that Facebook uses to generate millions in ad revenue. Technocratic management in politics can also produce some good. But, its track record lately is far from that. Maybe MBS 'get's it', but he also chops up journalists who are critical of him.
    • SS
      Stephen S.
      21 November 2020 @ 19:58
      Would have to agree here.
  • VG
    Viktor G.
    21 November 2020 @ 19:22
    Middle East and Afrika are not as great for solar panels as one may think. They've got lots of dust which is an issue for their own efficiency. Secondly, the logistics of electricity is not there to make it a globaly distributable good.
  • MR
    Michael R.
    21 November 2020 @ 18:57
    Great conversation. So valuable to hear Chamath's opinion. Gets one thinking differently about issue like climate change. Such a breath of fresh air.
  • SS
    Stefanos S.
    21 November 2020 @ 18:42
    Top! Keep up with the great content!
  • RR
    Ryan R.
    21 November 2020 @ 18:34
    @Chamath I like your sweater. Where can I get one? Also what are you most focused on learning right now?
  • EM
    Elizabeth M.
    21 November 2020 @ 17:27
    Fabulous interview, thank you for making it available to everyone!
  • SN
    Simon N.
    21 November 2020 @ 17:27
    Chamath is so smart and matter of fact - I learn more in an hour listening to him than my whole school education and the guy is just getting started. Thank you Chamath for giving your time to ordinary folk and your kids are luck to have a billionaire father who isn't an asshole!
  • SW
    Steve W.
    20 November 2020 @ 10:32
    47:30 Chamath seems to find this acceptable, I find it horrifying
    • KP
      Krishna P.
      20 November 2020 @ 18:00
      I think what he meant was providing a pragmatic way to the next solution rather than saying "We are scr***** in the current system and need to jump ship." Does not help the transition but makes the other side defensive to get on your view. Part of the challenge for us who have seen Bitcoin is a lack of understanding of what hard assets are and how BTC addresses it. Maybe that is also one starting point.
    • JE
      Josef E.
      21 November 2020 @ 17:15
      Thanks Stephen you are so right.... that is terrifying and against all basic human unterstanding. I did quit after that.... so many lies that sound plausible just to reset a new utopia.
  • GS
    Greg S.
    20 November 2020 @ 19:36
    Is Climate change a problem. As a fellow engineer I say probabilities suggest so. But to say that PV or wind is cheaper than fossil is disingenuous. Germany has the highest penetration of renewables on earth and (wait for it) the highest retail rates in Europe. If there is a negative externality associated with fossil (like acid rain in the 70's), lets tax it for social redistribution and let the market solve the problem. If levied this tax 40 years ago (even longer) when we first identified the potential problem, we might have fusion already. Think of the growth possible associated with that b/c of how GDP needs energy for growth.
    • PB
      Paolo B.
      20 November 2020 @ 21:57
      Actually I am pretty sure retail rates are higher in Denmark. In Germany 53% of the rate is taxes levies surcharges to accelerate conversion as you can check on BDEW website. Basically forces grid operator to buy at certain price. You will see these policies coming to a country or state close to you very soon too imo. In terms in cost per Kw produced solar is already cheapest as per worldwide data after nuclear plants... but is not an easy transition and it will take time. I believe "acid rain tax" are there to certain respect in some countries. But again these are not addressing the core issue. Finally it doesn't mean oil will disappear and you ; it is not a 0n Off button is just there is the need to achieve certain ratios.
    • DW
      Donald W.
      21 November 2020 @ 00:21
      Read my post at 18:48 today. The global warming fanatics have had the world spend a trillion dollars on an unproven problem. And "fucking idiots" like CP are fawned over when he spouts pure garbage because it is politically correct. Burning coal produces sulfur dioxide and nitrogen dioxide which cause acid rain. Clean air restrictions in the US and Europe forced coal power plants to scrub these chemicals from the exhaust along with other pollutants such as mercury. Burning coal is being phased out rapidly due to the high cost, and is being replaced with burning natural gas. China is still building new coal power plants in China, and they are building coal plants in many other countries that have sources of coal. The lovely "green" Aussies exported 70 billion Aussie dollars worth of coal in 2019, a new record and double the amount exported in 2016. The Paris Accord would give our money to China so the poor Chinese can build better coal power plants. Wind and solar are not "green" , and CO2 is not a pollutant. You might want to research which country led the world in reducing CO2 production, and then research why. Hint, it wasn't solar panels or windmills.
    • PB
      Paolo B.
      21 November 2020 @ 16:57
      CO2 is a gas that above a certain level is incompatible for the survival of human kind and all related phyla (not just ours). Again, https://climate.nasa.gov/vital-signs/carbon-dioxide/ Fun fact: in the 1970 many thought tobacco was a healthy habit.
  • JB
    Jonathan B.
    20 November 2020 @ 15:17
    Legend. Glad to see the VC heavy weights coming on with Chamath and Rabois. Would be incredible to get Bill Gurley or Peter Thiel on RV.
    • HD
      Haley D. | Real Vision
      20 November 2020 @ 15:35
      Great suggestions! On our list...!
    • SM
      Steve M.
      20 November 2020 @ 20:43
      Definitely Thiel; A U.S. first pragmatist perspective would be really interesting to hear his vision. Also to echo the other comments - Chamath is incredible - one the biggest forces for *actual* progress today.
    • VK
      Vaclav K.
      21 November 2020 @ 16:01
      Peter Thiel would be great. Much freer thinker than most.
  • KB
    Kevin B.
    20 November 2020 @ 11:28
    somewhat smart guy, but once you go political your done with me, holeyer than though attitude, he has "no real vision"
    • PP
      Patrick P.
      21 November 2020 @ 15:55
      It's always easy to spout out what should be done and how it will all neatly come together.... It's a different animal when you're in charge and constrained by laws and large groups of detractors. I always love these tech guys that were in the right place at the right time and now consider themselves genius.
  • RP
    Robert P.
    21 November 2020 @ 15:52
    What a fucking great video. Thanks
  • MG
    Matthew G.
    21 November 2020 @ 10:27
    This is one of, if not the best interview that I have listened to on RealVision.
    • MB
      Matt B.
      21 November 2020 @ 14:08
      Agreed.
  • JA
    Jeff A.
    21 November 2020 @ 14:07
    Such a a smart guy without common sense. Good luck replacing fossil fuels with solar or wind short of some major technological breakthrough. Fossil fuels are a form of Superconcentrated solar power. Never going to be able to run a steel furnace on wind or solar. Our only option to fossil fuels presently is nuclear power.
  • SB
    Sean B.
    21 November 2020 @ 11:31
    I have heard Chamath on CNBC a few times and saw him on the movie, Social Dilemma, but had no idea of his backstory or personality. It was really great to hear his perspective on ideas that are increasingly becoming more relevant today. Thank you RV for again providing long form, non-argumentative interviews.
  • NM
    Naresh M.
    21 November 2020 @ 06:51
    I learnt of Chamath first at a cnbc interview and after which I became very curious about his personality, his constructive vision & roles he participates in shaping our world and the path he creates to better the lives of next generations. I'm from Chennai living in Thailand since 1985. Chamath is a universal visionary has a way of viewing things from the bottom most particle of earth. Cheers Raoul for the best interview on RV as every word he says makes my intelligence only get better and I feel a purpose arousing in my mind like I want to have a second chance in life. I adore him as my best role model.
  • DM
    Dom M.
    20 November 2020 @ 15:03
    We need more Canadians like him and Keith.
    • PF
      Patrick F.
      21 November 2020 @ 02:38
      They leave and never come back. Given how grateful he was to Canada, that seemed incongruent.
  • RW
    Richard W.
    21 November 2020 @ 01:22
    Too good
  • JT
    John T.
    21 November 2020 @ 00:51
    Interesting perspective. I can't wait till we can get younger voices into US politics. Our 70+ year old masters just don't get how the economy works today.
  • JC
    John C.
    21 November 2020 @ 00:14
    Wow. You are very smart Chamath. @Raul felt like you were really enjoying listening to his rifs :)
  • eh
    eric h.
    20 November 2020 @ 23:20
    chamath is brilliant. I love him.
  • ML
    Marc L.
    20 November 2020 @ 23:18
    Such a wide-ranging display of first-principle thinking. Fantastic interview, brilliantly conducted by Raoul.
  • DB
    David B.
    20 November 2020 @ 23:09
    Great job of just letting him run Raoul. When you have someone that brilliant that can articulate their thoughts so eloquently, no need to interrupt the flow. Awesome.
  • SV
    Santiago V. | Contributor
    20 November 2020 @ 23:07
    Wonderful! I really enjoyed this.
  • DB
    David B.
    20 November 2020 @ 23:06
    I could listen to Chamath every day. Please run for POTUS, the world would be a better place. Awesome interview.
  • AM
    Alexander M.
    20 November 2020 @ 23:05
    What an amazing conversation to witness. Sooooooooo much to absorb from it. Such wisdom and common sense. Compared to these guys politicians are fools, as we are for empowering them. Thank you gentlemen, it's been a loud wake-up call.
  • NZ
    Nathan Z.
    20 November 2020 @ 22:46
    I do appreciate that proprietary videos are the bread and butter of RV, but giving away this illuminating video for free on YouTube would be a gift to the world
  • TW
    Tom W.
    20 November 2020 @ 22:36
    I think Chamath's thoughts on so much are correct. But a couple of us post, more tactfully than I, that his starting thought that Star Trek’s Borg collective is the solution…. may not be for us. This seemingly inevitable solution we are marching in goose step to is the reason so many of us oldies are saying “I'm glad I'm old". A few have written all this started in earnest when a billion word “we are watching you” congressional bill was drafted and passed within hours of 9/11 (Spend some time thinking about this and the way bldg. 7 came down). Thought on one of his many expletive riddled thoughts: Although most extremists do seem to be counterproductive, Chalmath’s definitive language on the subject leaves no room for Eratosthenes who surely remains on Chamouth’s shitlist for the extreme fringe suggestion that the world is round. Sagen’s and, 20 years later, deGrasse Tyson’s Cosmos suggest many more socially unacceptables for this list. Remember that I started by saying he is right about the problems. His opening solution? Well… “Resistance is futile”. I also think he is right in that we will evolve…. And eventually evolve out of his opening solution.... as stated below, dinosaurs will---eventually-- die. In the meantime, as a George Orwell Nineteen Eighty-Four reward for disliking this post, Chamouth and Xi Jinping will both send you one “token” for a vaccination.
  • AG
    Andrew G.
    20 November 2020 @ 22:10
    What a gem of an interview. Watched it twice. Real Vision would be good value at ten times the subscription price.
    • DA
      David A.
      20 November 2020 @ 22:18
      Hold on. Don't encourage them!
  • dw
    douglas w.
    20 November 2020 @ 22:11
    Both of you killed it, thank you.
  • LF
    Liam F.
    20 November 2020 @ 21:37
    Nice to see someone who thinks comprehensively about economics AND society in a comprehensive, systems-based way AND is willing to call BS on the shit-show.
  • JC
    Jas C.
    20 November 2020 @ 21:35
    fantastic.
  • pt
    popejumpingjohnpaul t.
    20 November 2020 @ 21:06