The Daily Beast Podcast - Why Trump Ignored Musk's Drug Spiral: Prof G

Episode Date: June 8, 2025

Joanna Coles welcomes Scott Galloway—the irreverent marketing professor, tech provocateur, and self-declared “really f***ing rich” man—to understand into the dark ballet between DonaldTrump a...nd Elon Musk. Galloway calls Musk to a “rabid addict with a checkbook,” and unpacks how Tesla’s collapsing brand is a case study in boardroom paralysis, loyalty bought with billions, and a CEO in free fall. He then turns his fire on Brand America, the Democrats’ allergy to confrontation, and why the resistance feels like a “rebel force without Luke Skywalker.” It’s a high-octane, unfiltered diagnosis of power, cowardice, and the price of silence. Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript
Discussion (0)
Starting point is 00:00:03 I'm Joanna Coles, the chief content officer of The Daily Beast, and you are probably doing your dishes as I speak to the Daily Beast podcast. You may be dancing, you may be singing, you may be putting your daughter to sleep, but you're very welcome to stay and listen to today's guest who we love. It's Scott Galloway, the brilliant marketing professor at NYU Stern School of Business. He's the co-host with the brilliant Kara Swisher of the Pivot podcast. He's also got a podcast with Anthony Scaramucci. about the future of young men. He's a crazy lateral thinker, and I love talking to him. So let's get into it. Enjoy. Great. Okay, let's get into it. We have Scott Galloway, the guru of marketing, and frankly, an old friend. Scott, one of the things that I'm fascinated by is how almost anybody
Starting point is 00:00:56 that works for Donald Trump comes away scarred by it. Last week, we saw him wave off Elon with a key. There was a couple of days of silence and then suddenly Elon bounced onto Twitter with endless criticisms of the big, beautiful bill. Where do you see this relationship between the two of them going? You know, it's difficult to predict. It's difficult to predict the actions of a drug addict. We as Democrats like to think that we're above everything and are worried we're not going to be invited back to some kind of cool bridge tournament or the White House correspondence dinner
Starting point is 00:01:32 so we don't call a spade a spade. I would be very happy never to go to the White House Correspondent's dinner again. It's the longest dinner in Christendom. There you go. I have had people in my life who are addicts. And when they jump the shark and become seriously addicted, they're not exactly known for their consistency. And so on one party, you have Elon Musk who is a rabid addict,
Starting point is 00:01:53 but he's an addict with a huge checkbook so they're afraid of him in a platform. So they're sort of dancing around them. This is essentially you're a manager, Joanna. Now, you know, what you try to do as a manager when you fire someone is you try to make it such that they don't hate you. You try to say, okay, this isn't working, but we're going to give you severance. And it's the kind thing to do. And we're going to speak well of you. And please sign this non-disclosure agreement and this non-disperagement agreement.
Starting point is 00:02:15 This happens every day in corporate America. And so the Trump administration, I think, is politely trying to put him to the side, but hope they maintain good relations. So he'll continue to open his checkbook and he won't go nuclear on them. And he kind of already is. I think he called it a disgusting abominate. nation, the tax bill. And Trump, as you referenced, the seduction of power is incredible. If someone called me up and said, we want you to be Secretary of Commerce and I didn't agree with their proposals or their policies, it's very tempting to believe, well, I can be the person that
Starting point is 00:02:45 figures it out. Right. Called to the White House. So I don't, I empathize with people who go to work for the president. But the majority of them, Governor Haley or Secretary Haley, better known as Nikki Haley, was one of the few people I can point to that actually got out without being striped. and that is they usually come away with their reputation. I don't think how does Secretary Rubio recover from this? But let's just focus on Elon Musk for a second because we know that his business, Tesla in particular, has been very badly impacted by he's going to work for the White House. If you're managing the brand of Elon Musk, how do you help him in this moment where he's really
Starting point is 00:03:22 become a despised figure by many, many of his customers? An intervention in rehab. He's a drug guy. addict. But there's no sense that he thinks he's a drug addict. There's no business strategy here. His sales are off between 30 and 75% across countries in Europe. They're down 11% of America. There is no automobile company in the world whose revenues are crashing faster than Tesla. Its revenues are down 20%. Ipsos brand rating has taken the brand from the eighth most aspirational brand in the world to 95th. I don't think Exxon saw the type of brand erosion during the Valdez disaster that Tesla has incurred.
Starting point is 00:03:59 If you're his board at Tesla, if you're at NeuroLink, if you're at SpaceX, should they do an intervention? Well, there should, and there's the reality. This should is that when he committed securities fraud on Twitter, they should have fired him. The reality is when he's being sued concurrently by two separate women for sole custody of his child and it's spilling into the public sphere. The reality is when he shows up to a space ex-all-hands meeting ridiculously fucking high. The board should have weighed in.
Starting point is 00:04:26 But here's the problem. We all really like money. And his boards have made tens, if not hundreds of millions of dollars. So they all feel a certain loyalty to him. If someone makes you really rich and provides your children with incredible opportunities and gives you a larger selection set of mates than you deserve, you're really loyal to that person. And so the fiduciary responsibility of these directors has been, we've blown way past that. Joanna, if someone gives you two or three hundred million dollars to put up with this bullshit,
Starting point is 00:04:52 you're going to put up with it. But it's also possible that I might be looking at my Tesla shares, if I'm a board member and thinking they're worth half as much as they were this time last year, I need to get this guy into rehab. And also, don't they like him? Isn't there a sense in which they actually care for him? Or does money just trump all of it? Yeah, money trumps all of it.
Starting point is 00:05:11 Money trumps all of it. Okay, so what about brand America? You're living in London now. Europe has obviously in the middle of a massive sea change in its relationship with America. how has the brand of America itself changed? Well, if you think about, I always try to look at stuff through the lens of shareholder value. Price earnings multiple on the S&P, on average, the 500 best companies in America is 26, meaning for every dollar of profits we managed to generate from our great companies,
Starting point is 00:05:41 we're awarded with $26 in value that are used to grow, used to pay employees, used to grow retirement accounts. And in Germany, it's 22, Japan, 18, Europe, most of Europe, as I'm a lot of Europe, as I whole is around 15 or 14 China's 14. Now, why do we trade at such a higher multiple on the same dollar profits? The world sees us as being more risk aggressive, more willing to take risk with our capital. It sees a more entrepreneurial culture. It sees incredible IP at the hands of the best universities in the world. It also sees rule of law and consistency. And also we're generally thought of as the good guys. My last company, which I sold for eight times revenues, because one, I'm remarkably fucking talented. But two, when I walk into LVMH or Toyota or Samsung, they're like,
Starting point is 00:06:22 oh, he's American. They will uphold their laws. They're generally, they're obnoxious. They're bit imperialist, but they're good guys. At the end of the day, they're trying to do the right thing. This reputation for consistency and rule of law has gone out the window in the last 115 days. And as a result, you're going to see giant multiple contraction where we become more in line with other markets. I believe that our stock market will go flat potentially for the next 10 years because flows of capital into the U.S., which have been extraordinary over the last 15 years, are beginning to reverse flow. Institutional interest in investing in the U.S. is at a 30-year low right now.
Starting point is 00:06:58 Interest in index funds in Europe is at a 20-year high. So you're seeing the rivers of capital flow out because brand America no longer means consistency and it no longer means rule of law. If you just look very basically to the things that define the 20th century, it's World Wars 1 and 2. And Germany's big mistake at a very rudimentary level was declaring war on the world. They declared war on everyone. So Trump's instincts to isolate China are, I think, are the correct instinct. There is an asymmetric trade relationship there.
Starting point is 00:07:32 They are taking advantage. They steal our IP. But if you really wanted to isolate China, would you also go to war with everyone all at once? Would you start declaring war on Mexico and Canada and Europe at the same time? Well, is he actually declaring war, or is he just hogging attention and flooding the zone with bad ideas that people take too seriously? Well, there's two things there. One, these levels of terror are a form of economic warfare.
Starting point is 00:08:01 They're going to reduce the prosperity of people all over the world. Well, including America, right? Oh, the definition of stupid is doing something that harms others while harming yourself. This literally fits the definition of stupid, but it is going to harm people in China, people in Belgium, people in Mexico, people in Canada, don't know how to plan their business. They don't know whether to ramp up or ramp down production. They don't know how much money to borrow based on what the tariffs might be tomorrow. He has announced tariffs 50 times or the reduction in tariffs 50 times.
Starting point is 00:08:28 So nobody knows how to plan against their business. Now, to your point about whether this is bluster, the best trade in the financial markets here today has been called the Taco Trade. And that is Trump always chickens out because essentially he will announce a trade tariff against Apple or the EU, Apple or EU indices stocks go down substantially. And then trader sweep in and go, this is bullshit. He will fold, right? And the stocks will recover. And that trade has yielded billions of dollars.
Starting point is 00:08:58 And let me go, I'm paranoid. And this might sound like conspiratorial theory, but it doesn't mean I'm wrong. I don't believe he really cares about getting American prosperity back. I think he's invented these tariffs as a means of creating market volatility that results It's an ability for him and his cronies to trade based on material, non-public information, and create tens of billions of dollars in trading volume. When you have the Attorney General, the nation's top top, Pam Bondi.
Starting point is 00:09:27 Selling her shares in Donald Trump media, the morning that he announces these tariffs, which take the market down, that means all insider trading criminality is no longer in effect. So, Scott, why is it you pointing this out and not the Democratic? Because we're fucking neutered and worthless. Because we have Charles Schumer who lightens up, brightens up a room by leaving it. And leader Jeffries, who's a good man, but should be in the house, we are totally leaderless. And Speaker Emerita Pelosi, who herself is engaged in massive insider trading.
Starting point is 00:10:05 We are leaderless. We are the most ineffective resistance. We are the rebel force minus Luke Skywalker and Chewbacca. We are ineffective. If the election were re-held today, and I'm embarrassed to say this, Trump would likely win again. I think he might win with more votes. Because America has said we would rather have an autocrat and a strong man in someone who appears to be keeping his promises, even if those promises are vile and bad for us in the long term, then weak, whiny bitches. That's who we are right now.
Starting point is 00:10:37 We're clutching our pearls, but don't offer solutions. don't offer effective pushback. We are the party of the strongly worded letter. Well, thanks, Senator Schuber. That's going to help out. So, yeah, right now America has opted for an autocrat over weakness. And Democrats, by the little definition of weakness, come to life in a party.
Starting point is 00:10:57 Well, Trump also seems to be flooding the zone with bad ideas. And yet, I don't know what the Democrat ideas are now. I don't know where they stand on almost anything other than you can still get canceled for using the wrong pronoun. That's exactly right. One of my suggestions, I'm addressing the Democratic Congress tomorrow on a Zoom like this one.
Starting point is 00:11:18 I think they should propose. What even is the Democratic National Congress? It's a group. I've done it before. It's basically a group of Democrats who show up at, the last time I talked to them was about technology and AI
Starting point is 00:11:30 and they do kind of a luncheon learn where they bring in somebody who talks about a specific issue. I don't know. The last time I did it, about 20 or 30 senators in Congress people showed up. I don't know how many people are going to show up tomorrow.
Starting point is 00:11:41 But my basic suggestion is the following. And I have access to a lot of congressional people, not because my ideas are good, but because I'm really fucking rich, which is what it takes to get access these days. How rich are you? Scott, you talk a lot on pivot about being rich. How rich are you? I do really well, Joanna. Like, what do you want to know? Well, you just, you introduced it into the conversation.
Starting point is 00:12:00 You said, I'm really fucking rich. I'm curious because you talk. Do you want a number? Of course I want a number. What's the point? Otherwise, if you're going to declare you're rich, you need to take. tell us how rich you are. What is your definition of really fucking rich? Having an absence from stress around anything economic, being able to do whatever you want and have freedom from any economic
Starting point is 00:12:21 stress, which in the United States has a lot of money. So from your point of view, that's a mental place as opposed to a number. I've spent my whole life stressed out around I was going to take care of my mother, I was going to be able to afford to have children, how I was going to not have to lay off people because I'd over-invested in my own companies, how I was not, first thing I felt when my oldest son had the poor judgment to come rotating out of my girlfriend was shame because I didn't have money because I'd fucked up and lost everything in the great financial recession. So I've had a tremendous amount of anxiety. The biggest anxiety in my life growing up was me and my mom didn't have enough money.
Starting point is 00:12:58 So it's been a huge source of anxiety. So rich for me means the following. One, an absence from stress. And two, it gives me the ability to do remarkable things to fly on my plane, to can, leave when I want, say no to anything that doesn't sound interesting, and to give money away, which makes me feel masculine and like a fucking baller. I know you gave a big grant, $20 million, I think, to Berkeley. So that gives us some context.
Starting point is 00:13:22 All right, let's go back to the DNC. My proposal is the following. They should have their own big, beautiful tax bill. The white space for politicians right now is to be the adult in the room. Come up with your own tax bill. Are we going to raise taxes or cut spending? The answer is yes. Corporations at their lowest tax burden since 1929.
Starting point is 00:13:42 An alternative minimum tax against all corporations of 30%. An alternative minimum tax for anyone over $10 million in earnings of 60%. By the way, you lose nothing. If you're making more than $10 million a year and you lose 60% of it, no decrease in happiness according to Israeli psychologist, Daniel Kahneman, in every study done on psychology. We need to massively increase our tax draft. avenues. We're going to need to cut Social Security. We're going to need to raise the age limits. We're going to need to means tested. Joanna Coles or Scott Galway should not get Social Security. We're going to absolutely need to hold military spending at level for the next 10 years. Hope that we have two to three percent growth. Take our deficit, our annual deficit from $2 trillion to about $800 billion to $300 billion and by 2038 have an actual budget surplus. Again, we'll see interest rates come down, which will increase the interest costs, which are now greater than
Starting point is 00:14:34 defense costs and we need massive expenditures on vocational training new housing such that young people can find someone fall in love mate and have a reasonable chance of having housing we need nationalized health care we pay 13,000 dollars per person every other G7 countries pay $6,500 for better outcomes lower infant mortality less obesity 350 million people times a $6,500 savings over the next 20 years you'd have to do it gradually results in about two and a half trillion dollars and we have to have our budget deficit solved. But we don't want to have a fucking adult conversation because Democrats,
Starting point is 00:15:10 basically Republicans are here to serve the top 1%. I've uploaded my taxes into chat GPT last night. And if this tax bill goes through, I'm going to save $1.4 million this year in taxes. And Democrats just want to cater to special interest groups by doling out money and pretending and thinking that social virtue is more important than actually increasing the material or psychological well-being of Americans. There is an operative. for someone to be the adult in the room and say, yeah, here is our proposal to this bill. And they would dominate the media or our response to this bill, our alternative to this bill. They would dominate the media because both Fox and CNN would hold up the big badass bill or the big adult in the room bill versus the big beautiful bill and say, okay, this is reasonable.
Starting point is 00:15:54 These people are being adults. I think America is ready for an adult conversation because that $2 trillion a year in deficit that we are racking up is nothing but a tax on your case. kids and my kids, it's going to come to fruition in three, five, ten or twenty years. We are being incredibly irresponsible right now. Scott, hold that thought. We're going to hear from some sponsors. We love our sponsors, but now we're back to talking to Scott Galloway. But Scott, you're sounding like the adult in the room. Why aren't you running? It used to be that people would go into business. They would make a lot of money and then they would go into public service. Is that something you're considering? I mean, sincerely, Joanna, look at my life. Would you run
Starting point is 00:16:35 for office if you were may? Well, I'm listening to what you're saying about being the adult in the room. You have a plan. You have what actually sounds a bit like a stump speech. And I think you would enjoy it. You're very good with people. You love an audience. You're thoughtful. You've run a series of businesses. You've got exactly what many people would think is the perfect resume for, you know, Senate, for governorship, even for top job. I want to go to Cannes with you and have Rose. And I, You know, make inappropriate jokes. But you could do that at the White House, Scott. Hold on. I'm going to go. I want to go to Kygo at the Spotify party.
Starting point is 00:17:13 I may or may not do X. I did mushrooms last night. I don't like people. I'm not good with people one-on-one. I should not be running for office. And here's the other side of this. You're fantastic with people one-on-one. What are you saying? Everybody wants to sit next to you at a dinner, Scott Galloway. Hold on because the perception is, is I'm much more interesting than I actually am. And also, Joanna, to be clear, Senator Michael Ben, Senator Amy Klobuchar, Senator Mark Warner, Mayor Pete, Governor's Whitmer.
Starting point is 00:17:41 I'm a big fan of Governor Newsom. To believe that we don't have fantastic people already in the government is just to be in denial. Governor Westmore, this guy's a fucking baller. This guy's great. Richie Torres, outstanding. The way I put my narcissism aside, I'll be honest. I've had people call me an offer to raise me $10 million if I put in $10 million to run for president. I said, I'm not going to win. And they said, no, it's about shaping the conversation.
Starting point is 00:18:08 And quite frankly, my narcissism takes over and I consider it. And then I realize that if I don't have a vision for America and I don't want to sacrifice my lifestyle and there are other outstanding people, the best, most patriotic thing I can do is to get on podcasts with Joanna Coles and use my time, treasure, and talent to get one of the many outstanding Democrats elected to office. That's how I can be the biggest patriot as opposed to going on my midlife crisis tour, run for president. And I will see you and can, Joanna. And I will be the person there that'll get fucked up, have a great time and not worry about being, I don't know, pillory. Also, I'm sensitive. I'm prone to depression.
Starting point is 00:18:47 I don't need Fox News shit posting me all day long. That would bother me. I'm not one of those people who things just roll right off of. So for my own pleasure, my own mental health, I have 14 and 17 year old boys. Can you imagine what people would say about me and what they would hear about me? So no, this is my job is to get great people. elected, not to run. All right.
Starting point is 00:19:08 The only thing I would say, one of the good things about Donald Trump being elected president is it's very clear that people have now moved beyond demanding a perfect person to run in politics. They want someone with energy and with ideas. We may think those ideas aren't good ideas. But do you have a favorite couple of current governors or senators or people out there that you think would be a good team to run for 2028? I think there's a lot of outstanding.
Starting point is 00:19:36 I'm interviewing Governor Whitmer tomorrow or Thursday on the podcast. I'm bringing Governor Moore on. I'm a big fan. Governor Moore. Oh, Governor Moore. Westmore. When you said it, it sounded like Governor Moron. Yeah, that's not good.
Starting point is 00:19:51 Yeah. Versus governor less. Westmore used to be at Robin Hood, of course. I think America's very luxist. I think Governor Newsom gets on the stage with J.D. Vance, and I think every gay man and woman in America goes, I like the cut of his jib. I think that he could be our next person. What about straight people? Because I totally take your point about gay America loving Gavin Newsom, but that's not big enough to get him elected.
Starting point is 00:20:12 I think I think that Governor Newsom, I'd love to be, and I like the governor a lot. And if he decides to run, I'll get involved in his campaign. No one had heard of Bill Clinton. No one had heard of Barack Obama. But they ran this amazing process that vets people like no other process. We should have let the process run. Instead, we anointed Secretary Clinton. I still think she would have won anyways, and she was probably the best candidate for the job. But I'm excited about somebody I haven't even heard of yet. The Democratic primary, when we let its freak flag fly,
Starting point is 00:20:46 and we have tons of debates in town halls and find up who's willing to put up with a bullshit of talking to some Joey bag of donuts in aisle and pretending to give a good goddamn about corn subsidies. That matures an outstanding. candidate. And we are, we haven't, we do, the Democrats have a really strong bench. And I will give a little bit of money to all of them. And as they, as people emerge, I'll get behind them. And I will devote, I'm going to take the majority of 2028 off to try and get a Democratic nominee elected president.
Starting point is 00:21:17 Okay. All right. Fair enough. I wanted to ask you before we go, you have talked a lot about elite universities. And clearly they're one of the great exports of the United States. Trump has very publicly gone after Harvard. As we know, you have also gone after Harvard. You've often complained that it's very limited to get in there. And actually, if they wanted to, they could open their doors and admit many more students. Where do you think this battle with Harvard and Trump is going to go? So the reason I'm here with you and the reason I get to live the life I live it's because when I applied UCLA, it had a 76% admissions rate. And I was one of the 24% that got rejected, but I appealed and I got in.
Starting point is 00:22:02 The acceptance rate this year will be 9%. Harvard's acceptance rate is 5%. And they're proud of it. Well, if you're an alumni and it gets harder to get a degree, the value of your degree goes up. Once you buy a house, you show up to local review board meetings and get very concerned with traffic and get in the way of new housing permits. It's a rejectionist, exclusionary, LVM-M-H strategy that America is adopted with elite universities at the tip of the spear.
Starting point is 00:22:27 Harvard has $54 billion in endowment. They lit in 1,500 people, which is what a good Starbucks and Chipotle serve each day, maybe combined. They could let in 15,000 people and not sacrifice inequality. So the question is, if you had a drug that made you more likely to be wealthy, less likely to kill yourself, more likely to get married, more likely to stay married, less likely to have diabetes, more likely to pay a lot of taxes. and you had a pill.
Starting point is 00:22:54 Would you hoard that pill? That pill is called elite higher education. And we purposely constrain artificially create scarcity. I'm not suggesting you need to let in everyone, but Dartmouth has an $8 billion endowment. They led in 500 kids, and it's in the middle of fucking nowhere. They could build buildings and attract faculty and have 1,500 and 2,000 kids.
Starting point is 00:23:16 And for those of you like me that are going on college tours, which is nothing but artificially manufactured, created stress, for parents and middle class households who weren't as wealthy as me, who hear fucking Duke in Chicago talk about a 4% admissions rate despite sitting on multi-billion dollar endowments. These institutes of higher education have to decide the following. Are they public servants or fucking Chanel backs? I get that you can't let in everybody, but if you're sitting on the GDP of Costa Rica in the form of an endowment and you have grown your freshman class by 4% over the last
Starting point is 00:23:52 40 years, see above Harvard, you are no longer a public servant. Now, with respect to Trump and Harvard, under the false flag of anti-Semitism, which does exist at elite universities, they're cutting off 90% of medical research or 90% of the funds they're cutting are medical research. And one of the greatest returns on investment in history is funding for medical research, technology research, the results in weapons and the spillover of those weapons, whether it's DARPA, whether it's GPS, turns into the iPhone or the internet. So this is just stupid. It's a false flag.
Starting point is 00:24:26 Trump can't claim to care about anti-Semitism and then take a $400 million plane from the political mouthpiece and funder of Hamas. He doesn't give a shit about Jews. And all of my Jewish friends that I went to college with who voted for Trump, well, could you have been more fucking stupid? This guy doesn't give a shit about us or Israel.
Starting point is 00:24:43 Notice how we avoided Israel or Turkey on his big Mideast tour? Why? Because Israel's a democracy and is not going to build him a building in exchange for political favors. So the notion that this has anything to do with anti-Semitism is incredibly cynical and absolutely false. They don't care about anti-Semitism. They care about going after what they see as a center of woke ideology and distracting us from what will be
Starting point is 00:25:08 the biggest transfer of wealth, from poor to rich, from young to old, from the future to the past, which is this tax bill. It will not be held up. It will be swatted away in court because it's illegal and Harvard has a lot of powerful alumni, but it'll get us to look away. It'll be a weapon of mass distraction from this unbelievably stupid transfer of wealth from the young to the old that is may pass in this tax bill. All right. So, Scott, then briefly, if you're Harvard, are they doing the right thing? Do you like the way they're responding? What would you do if you were running Harvard? For the first time of my life, and I never thought I'd do this. When I spoke of the 90th, Second Street, why last or last month, I wore a Harvard shirt. I think they've taken a real stand here.
Starting point is 00:25:50 Joanna, you know these people. 499 of the S&P 500 CEOs think they should be president. They wake up in the morning and they look in the mirror and they go, hello, Mr. President. And here's what leadership is, which is the primary attribute for being president. It's doing the right thing when it's really hard. And I'm now going to list all of the Fortune 500 CEOs who's spoken up against this slow burn towards fascism and have totally, and want to pay some homage to the incredible system and fundamentals and constitutional rights that have made them billionaires. Here's the list. Okay, we're done.
Starting point is 00:26:23 Right. And they have all shown no leadership under the auspices if I need to be a fiduciary for my shareholders. Well, guess what, Tim Cook, you may not be allowed to marry a man if this bullshit keeps going on. Well, guess what, Jamie Diamond, this economy might crash and your kids might have 14% mortgage interest rates, if you don't grow a fucking pair and start speaking up against this fascist. Fascism is bad for business in the medium and the long term, even if it's good for you in the short run just to stay out of his crosshairs and keep quiet and give a million dollars to his
Starting point is 00:26:52 inauguration campaign. The lack of leadership across corporate America is stunning. So I salute President Garber and what Harvard is doing, pushing back and saying, no, we're not down with this. We're going to fight it. It will be swatted away in courts. They do not have the legal authority to do this, this is about some sort of dystopian mind control or going after what they see is the central epicenter of wokey ideology. It has nothing to do with anti-Semitism. Do these institutions have a problem? Yeah, they're exclusionary. They have let diversity go so far out of fucking control. It's turned into anti-Semitism and it's turned into, you know, accidental racism. The snake is eating its tail. But we need more leadership. We need people to stand up and say, hey, we're Nike.
Starting point is 00:27:36 immigrants are important, competition is important, and what's going on here is un-American. And you know what would happen? A bunch of people with money, i.e. Democrats, would buy more of their products. The biggest commercial opportunity of the last decade is for a company to step into this void and elegantly say, we are not down with rounding up citizens. We are not down with rounding up and putting minors and zip ties. We are not down with taking people with the wrong tattoo and sending them to concentration camp. And yeah, I use that term. Concentration camp. means a place you send people such that they don't have the same protection and rights from from the place you ship them from. It wasn't an accident that Auschwitz was in Poland. And nobody is fucking speaking up. And the people I am most disappointed in is rich Democrats who clutch their pearls in private at dinner parties, but don't say a fucking thing because they know we're all about to get richer with this tax cut.
Starting point is 00:28:26 This is an unholy alliance between Republicans and the president and the top 1% of Democrats. But that's not the only reason that people don't speak up. It's because Trump targets people and he gets them on X. He gets them on truth social. He frightens them. And people have become weirdly frightened of an online digital mob. I find it very difficult to understand. Okay.
Starting point is 00:28:48 But what's the point of having money if you're going to cowtow? Steve Bannon said on his podcast, the Trump administration should sue me. Okay. Guess what? I have enough money to shove a digital wallet up my ass and piece out to do buy with tens of millions of dollars. No woman in my life is never going to have access, not have access to family. I could be in deepest, reddest Mississippi. And if someone in my life becomes pregnant, I can handle it because I have money. America's rights and constitutional protections
Starting point is 00:29:18 have become a function of how much money you have. The top 1% are protected by the law, but they're not bound by it. Whereas the bottom 99% are bound by the law, but not protected by it. But, Scott, you must like, I am, be very cognizant of people who've got plenty of fuck you money who are very fearful of Donald Trump. They're fearful of him meddling in their business. They're fearful of them, of him targeting them online. Yeah. And if people in every society that has fought back against apartheid or fascism, an autocrats playbook is to reward your supporters with billions of dollars, let them insider trade, support their crypto scans, pardon them if they give you $50 million, and to try and intimidate and threaten people who speak up. So again,
Starting point is 00:30:03 it's it's yeah it's never the wrong time to do the right thing and leadership is doing the right thing and I realize I'm doing a lot of virtue signaling right now but I have so I have such an incredible life because of the freedoms and protections and opportunities that people who have made these types of sacrifices if I if if the wealthiest Americans who think this is bullshit and a slow burn towards fascism don't speak up then they're essentially desecrating the memory and the fortune that has gotten them to this place. So I, there's such a lack of courage and cowardice. Also, just let me be sexist here. Where the fucking men, Joanna? The whole point of prosperity is to protect people. It's not even women are under attack. It's more mendacious than that. It's poor women.
Starting point is 00:30:50 It's an attack on poor people. And what's the point of pretending to be masculine and aggregating resources if he can't protect people? Where are the fucking dudes here, Joanna? You and me are both asking that question. I think they're sitting on their bed hoarding the money under the mattress and keeping very quiet indeed. Scott, it's a great pleasure to see you. I know you're running off to see Pierce Morgan. Please give him my best regards. And I will look forward seeing you in Cannes.
Starting point is 00:31:18 See in can, Joanna. Thanks for your time. My friend at the hotel to get up. You know it the most. Congrats on your success. And you're under you, Scott. Very nice to see you. Thank you very much.
Starting point is 00:31:27 Thank you, Joanna. And run for office, Scott. run for office. Three words, run for office. I think Scott should run for office. I think he's got the brain power. I think he's got the success behind him. And I think he's got the disruptive instincts that the Democratic Party actually needs right now. I do think one of the advantages of having Donald Trump in the White House is that we've gone past the point where we have to have perfect people in power. So Scott enjoys a drink. He wants to go to can. He wants to hang out with rock stars, Donald Trump's hanging out with Kid Rock.
Starting point is 00:32:04 If you have been, thank you for joining us. And don't forget to leave us a comment on YouTube. We try and look at all of them. I respond to as many as I possibly can. They're very helpful for figuring out what questions to ask and what you're interested in. And I love mini conversations that go on between listeners. Don't forget to subscribe to The Daily Beast.
Starting point is 00:32:23 It's super simple. Just go to DailyBeast.com. And don't forget, be Beast. This podcast was produced by Devin Rogerino and Anna von Erson. Want more great listens? Check out our comedy podcast, The Last Laugh, and our star-studded The Daily Beast podcast at the Daily Beast.com slash podcasts. If you enjoyed this episode, consider becoming a Daily Beast subscriber.
Starting point is 00:32:48 Subscribing is the best way to feed the beast and support all of your podcasts as we cover what might become the darkest timeline. Head to the DailyBeast.com slash membership slash podcast. and sign up today.

There aren't comments yet for this episode. Click on any sentence in the transcript to leave a comment.