The Prof G Pod with Scott Galloway - No Mercy / No Malice: A Touch Better

Episode Date: July 23, 2022

As ready by George Hahn. Follow George on Twitter, @georgehahn. Adrift: America in 100 Charts is available for pre-order here. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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cards, savings accounts, mortgage rates, and more. NerdWallet, finance smarter. NerdWallet Compare Incorporated. NMLS 1617539. I'm Scott Galloway, and this is No Mercy, No Malice. We're publishing a book this September, Adrift, America in 100 Charts. Today, an excerpt from our book as read by George Hahn. Of all media channels, I find writing books the most difficult and rewarding, a decent metaphor for anything. I believe each of us has a camera in our brain that earth based on how much or little value we're adding. I work out a lot to fool my brain into believing I'm hunting or building housing, and write to stay in mental shape. So I've committed to writing a book every 18 months until I start the march to the next thing. That last sentence

is disingenuous. I don't believe there is a next thing. Anyway, my next book, Adrift, America in 100 Charts, comes out September 20th. It's a narrative told through, wait for it, charts. The data presented in the charts isn't neutral or infallible, but it can be clarifying and might even create common ground. Between now and the release, I'll share a few excerpts from Adrift, because they're good, and I hope they'll encourage you to buy a copy. The first excerpt is from Chapter 2, The World We Made. In this section, I step back and recognize the extraordinary virtues of our age. I was on CNN with Michael Smirconish last week, following Steven Pinker.

Professor Pinker believes, despite all the negative news, the trend line is upward. It's unlikely we'll ever see the headline, Things a Touch Better Today, globally. This chapter takes an optimistic stance, not easy for me, as Steven does, and acknowledges that despite our myriad challenges, the world is becoming a better place. The following excerpt is from Adrift, America in 100 Charts by Scott Galloway, which will be published by Portfolio on September 20th, 2022. Chapter 2, The World We Made. The ascent of the American economy after World War II, coupled with the advances of technology, brought unprecedented prosperity not just to the U.S.,

but to the human race. It's tempting to let the costs of that prosperity obscure it, but a sober accounting of America and the world today would be incomplete without recognizing our enormous gains. The world is significantly wealthier, freer, healthier, and better educated than it was 40 years ago. In 1980, over 40% of humanity lived in extreme poverty. Today, less than 10% does. In 1980, 44% of humanity had no democratic rights. Today, it is less than 25%. A child born in 1980 had a life expectancy of 63 years. A child born today should live a decade longer. In 1980, 30% of people 15 years and older had no formal education. By 2015, that share had been cut in half. These were global gains, but America lay at the heart of them.

U.S. innovation in everything from transport to advertising supercharged the consumer culture of the post-war era into an upward dance between demand and manufacturing agility. The billions lifted from poverty since 1980 post-war era into an upward dance between demand and manufacturing agility. The billions lifted from poverty since 1980 were largely in Asia, and their means of ascent was making consumer goods for U.S. and European markets. Those same economies are today converting to knowledge work and middle-class lifestyles, in substantial part on the foundation of digital technologies developed in the former orange groves of the Bay Area. We tend to focus on things that did occur, but we shouldn't overlook crises that were averted. The demise of the Soviet Union posed an apocalyptic risk. By 1989,

the Soviets commanded 39,000 nuclear warheads and the world's largest standing army. Managing the sudden collapse of one of history's largest empires could have gone very, very badly. At one point, the Soviet government sold 20 naval combat ships for cases of Pepsi, but post-war institutions crafted and nurtured by the Western nations held firm.

For better or worse, it's both, the headline change is increased global connectivity. The term globalization has been loaded up with the anxieties of our era, but it represents a profound change in the human condition beyond the concerns of the moment. Never before has human knowledge been so widespread, nor have creators from artists to manufacturers had access to such a breadth of markets and competitors.

Modern civilization rests on a foundation of unprecedented, once even unimaginable productivity. The rebuilding of Western Europe and the conversion of the U.S. wartime economy after World War II doubled the globe's annual economic output in less than a decade. By 1960, the world was producing 20 times as much as it had in the early 19th century. Then, as the relatively easy gains from the post-war boom wound down, the real miracle happened. From 1980 to 2004, the world's economic output doubled again, from $35 trillion to $70 trillion. In just 24 years, a single generation, as much economic potency had come online as had taken the human species its entire history to accumulate. Today, the world generates roughly as much output in a month as it did in the year 1950. In less than 40 years,

billions of people have improved their lot and escaped extreme poverty. That's a low bar, $1.90 per day, which is subsistence living, even in low-cost economies. But it's still a change for the better, unlike anything in history. The rolling back of poverty has been particularly remarkable in China. In 1990, 750 million Chinese lived below the international poverty line. Today, it's less than 10 million. Most of these people still have low incomes,

but the economic engine they're a part of continues to churn. In 2019, there were 100 million households in China with wealth of more than $110,000. The modern world order has ample flaws, but sometimes the scale of our achievement is so vast, it becomes a static backdrop we lose sight of. Thanks to substantial improvements in health care,

sanitation, education, and economic opportunity, people all over the world are living longer. In the U.S., life expectancy increased from 70 years in 1960 to 79 years in 2019. Globally, the increase has been even more dramatic, from just 53 years in 1960 to 73 in 2019. Infant mortality has been cut by two-thirds since 1990. Disease and war claim fewer lives. This is the ultimate measure of prosperity and human accomplishment. More life. More life. I like that. Next week, I'll return to everything that's wrong. Half full or half empty is a matter of perspective. My night was ruined by my boys,

who don't listen and only speak to me when they need something. However, that also suggests we've raised confident boys who no longer need us and indicates their parents are able to give them things our parents couldn't for us. My evening's ruin is a function of how wonderful the baseline has become. People who need and love me, and let me need and love them back. Life is so rich. What software do you use at work? The answer to that question

is probably more complicated than you want it to be. The average U.S. company deploys more than 100 apps, and ideas about the work we do can be radically changed by the tools we use to do it. So what is enterprise software anyway?

What is productivity software? How will AI affect both? And how are these tools changing the way we use our computers to make stuff, communicate, and plan for the future? In this three-part special series, Decoder is surveying the IT landscape presented by AWS. Check it out wherever you get your podcasts. Hey, it's Scott Galloway. And on our podcast, Pivot, we are bringing you a special series about the basics of artificial intelligence. We're answering all your questions. What should you use it for?

What tools are right for you? And what privacy issues should you ultimately watch out for? And to help us out, we are joined by Kylie Robeson, the senior AI reporter for The Verge, to give you a primer on how to integrate AI into your life. So tune into AI Basics, How and When to Use AI, a special series from Pivot sponsored by AWS, wherever you get your podcasts.