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The Prof G Pod with Scott Galloway

Elitism: Money vs. Influence

The Prof G Pod with Scott Galloway

Vox Media Podcast Network

Careers, Entrepreneurship, Business

4.64.1K Ratings

🗓️ 13 August 2020

⏱️ 48 minutes

🧾️ Download transcript

Summary

Scott shares his thoughts on the possibility of Twitter acquiring TikTok and proposes a company that he thinks would be a better acquirer. Scott also addresses Amazon wanting to turn abandoned JCPenney and Sears stores into fulfillment centers. His main takeaway — warehouse space is the new black. Then, Joel Stein, an American journalist and author, joins Scott to discuss his latest book, “In Defense of Elitism.” Joel gives us the definition of elitism and explains how it’s playing out in our political environment. Office Hours: SPACs, how a company like Kohl’s can compete with the retail giants, and what skills make an employee stand out. Joel's podcast recommendation: "The Good Fight" hosted by Yascha Mounk. Please take our quick survey to tell us how we can improve The Prof G Show: https://forms.gle/xVRfqCKrrNr9xzor5 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Episode 22, it was incorrectly reported that the average age of a Vietnam foot soldier was 19. It was actually 22.

0:06.7

I don't know about you, but we are feeling 22. That's a reference to a Taylor Swift song. I am so down with the young people. A catch 22 is a

0:13.5

paradoxical situation from which an individual cannot escape because of contradictory rules or limitations.

0:18.7

You must have experience to get a job, but without a job, how do you get an experience? The atomic number of titanium is 22. When I was 22,

0:26.0

I spent my fifth year at UCLA watching the Planet of the Age trilogy over and over and smoking a lot of pot and look at me now.

0:32.0

We're now the 183rd most downloaded podcast in the United Arab Emirates. I am feeling 181. Go, go, go!

0:40.2

Welcome to the 22nd episode of the Prop G show. In today's episode, we speak with Joel Stein in American Journalist and author.

0:56.2

He's an all-around hilarious guy. I would never write that. Someone else wrote that for me. What would I write?

1:01.2

Joel Stein is the kind of guy you'd like to do MDMA with. He is interesting and insightful, funny, irreverent, fearless.

1:08.2

The kind of guy that was always caring, the best bud in college and then end up being much more successful than all of us.

1:15.2

He's an interesting guy, someone you'd want to roll with. We talk with Joel about his book, In Defense of Aledism,

1:21.2

as well as what other power structures are at play in our current political environment.

1:26.2

Let's bust right into what were the biggest stories or the most under reported stories. TikTok is again to recap.

1:34.2

The president has decided he's a real estate broker and wants to get involved in basically a socialist construct where the means of production are controlled by the government.

1:43.2

He's decided that TikTok should sell to an American company and he wants to pick which company and then Twitter decides to enter the fray and says they're having conversations.

1:54.2

We put another way, Jag Dorsey, who gave what was one of the most unsatisfying interviews I've ever heard with the daily where he would just talk really slowly and thoughtfully and say we need to do better as a firm learning.

2:09.2

If there's one thing I wish we could do, oh, shut the fuck up you and your rage machine. What is any of this?

2:15.2

It is Cheryl Sandberg with yoga pants boss. It's still a rage machine. You haven't done a damn thing and not doing a damn thing with a nose ring in an earnest and thoughtful voice still means see above.

2:28.2

You haven't done anything, but that's neither here nor there actually it's more there than here, but Twitter announced they were in discussions potentially with TikTok to acquire them.

2:39.2

This is the ultimate jujitsu move and by the way when I say jujitsu don't feel triggered I'm actually showing respect for the Japanese are formed uses the competitors weight with non weapons to do some sort of incredible I'm going to take your weight your momentum and use it against you the Chinese.

2:56.2

As is the case across almost everything geopolitically right now have pulled this ultimate gang sujitsu move and said okay if you're going to force us to sell to a company president Trump we're going to sell to Twitter which effectively means with the market capitalization of 25 or 20 billion dollars when TikTok likely goes for 30 to 50 that the combined companies bite dance would be the primary shareholder or put another way.

3:20.2

Oh you're forcing us to sell to an American company I got an idea will effectively sell to a company smaller or worth less than us thereby meaning that we're effectively acquiring that company I think this is just such genius Twitter needs a full time CEO potentially Vivian Papis the general manager of TikTok US could become the CEO of Twitter they need a full time CEO half of success showing up meeting the jack Dorsey.

...

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