This is a special edition of Macrovoises with hedge fund manager Eric Townsend.

The premier financial podcast targeting professional finance, high net worth individuals, family

offices, and other sophisticated investors.

Now for this special edition of Macrovoises, here's hedge fund manager Eric Townsend.

Macrovoises All Stars Episode 75 was recorded on November 4th, 2019.

I'm Eric Townsend. All-star Dr. Pippa Moundgren is back with us today.

This episode of Macrovoises is brought to you by top traders onplugged.com,

which happens to be my favorite podcast when it comes to quant and rules based investing.

Check them out, you'll be glad you did.

Pippa, I want to talk about the massive civil unrest and the upcroppings of civil unrest

all around the globe. We've seen in Chile, in Bulgaria, in London, where you live as a result of

Brexit. I just saw this morning a video on YouTube showing a Hong Kong lawmaker having one of

his constituents literally bite the guy's ear off and spit it on the floor in a subway station.

That kind of thing, I mean, I lived in Hong Kong. It's a very civilized place. That sort of thing,

violence of any kind almost never happens. And in broad daylight on YouTube, they're biting law

makers ears off. What the heck is going on? And maybe we should get away from the nitty-gritty of

this to the big picture. What's driving the whole world into this massive upcropping of civil

unrest around the globe? What's the big picture here? So I still think that at the core, the problem

is the breakdown of the social contract. And by that, I mean, there's always some kind of a deal

between citizens and the state. Citizens agree to abide by the law in exchange for an education

system in exchange for a military that protects their national security interests. They agree to,

you know, pay taxes in exchange for certain benefits. It's always a trade-off, but every community

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