Hasan Piker x Tom Bilyeu: Why Gen Z Is Turning to Socialism - The Battle Over Banking, Inflation & the American Dream PT 1

Tom Bilyeu's Impact Theory

Impact Theory

Education, News, News Commentary, Philosophy, Technology, Society & Culture, Business, Self-improvement

4.7 • 5.1K Ratings

🗓️ 19 August 2025

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome to a provocative two-part special on "Impact Theory with Tom Bilyeu" featuring Hasan Piker, the fearless streamer, progressive commentator, and cultural critic known for his passionate takes on economics, politics, and the future of America. In Part 1 of this episode, Tom and Hasan pull no punches as they dive into the resurgent interest in socialism among young people, the perceived failures of capitalism, and the real roots of economic disenfranchisement. Hasan lays out the generational pressures facing the youth today: from unaffordable housing and wage stagnation to mounting inequality and corporate monopoly power. The conversation unpacks the intrinsic mechanics of both capitalism and socialism, exploring themes of wage labor, class tension, and corporate consolidation. Tom and Hasan dig into the impacts of banking, the Federal Reserve, and money printing—questioning whether the real culprit is capitalism, unchecked banking, or something deeper in the way we organize our economy. Together, they debate innovation, government intervention, and what really drives prosperity—and who’s left behind. SHOWNOTES 00:00 – Welcome & Why Young People Turn To Socialism06:30 – The Banking System, Money Printing, and Federal Reserve20:01 – Asset Inflation and the Housing Market34:10 – Homes as Speculative Assets and Social Mobility42:49 – Addressing Fringe Perceptions of Socialism Follow Hasan Piker:Twitch: https://www.twitch.tv/hasanabiTwitter/X: https://twitter.com/hasanabiInstagram: https://www.instagram.com/hasandpikerTikTok: https://www.tiktok.com/@hasandpiker CHECK OUT OUR SPONSORS Vital Proteins: Get 20% off by going to ⁠https://www.vitalproteins.com⁠ and entering promo code IMPACT at check out Allio Capital: Macro investing for people who want to understand the big picture. Download their app in the App Store or at Google Play, or text my name “TOM” to 511511. SleepMe: Visit ⁠https://sleep.me/impact⁠ to get your Chilipad and save 20% with code IMPACT. Try it risk-free with their 30-night sleep trial and free shipping. Tailor Brands: 35% off ⁠https://tailorbrands.com/podcast35⁠Shopify: Sign up for your one-dollar-per-month trial period at ⁠https://shopify.com/impact⁠Hims: Start your free online visit today at ⁠https://hims.com/IMPACT⁠. Even Realities: Smart glasses, real style ⁠https://evenrealities.bio/6e396d⁠ What's up, everybody? It's Tom Bilyeu here: If you want my help... STARTING a business:⁠ ⁠⁠join me here at ZERO TO FOUNDER⁠ SCALING a business:⁠ ⁠⁠see if you qualify here.⁠ Get my battle-tested strategies and insights delivered weekly to your inbox:⁠ ⁠⁠sign up here.⁠ ********************************************************************** If you're serious about leveling up your life, I urge you to check out my new podcast,⁠ Tom Bilyeu’s Mindset Playbook⁠ —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you. ********************************************************************** Join me live on my⁠ Twitch stream⁠. I'm live daily from 6:30 to 8:30 am PT at⁠ ⁠⁠www.twitch.tv/tombilyeu⁠ ********************************************************************** LISTEN TO IMPACT THEORY AD FREE + BONUS EPISODES on APPLE PODCASTS:⁠ ⁠⁠apple.co/impacttheory⁠ ********************************************************************** FOLLOW TOM: Instagram:⁠ ⁠⁠https://www.instagram.com/tombilyeu/⁠ Tik Tok:⁠ ⁠⁠https://www.tiktok.com/@tombilyeu?lang=en⁠ Twitter:⁠ ⁠⁠https://twitter.com/tombilyeu⁠ YouTube:⁠ ⁠⁠https://www.youtube.com/@TomBilyeu Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Since 2008, the U.S. has recklessly quadrupled the money supply, and the result is not just inflation.
0:07.9	It's an entire generation getting battered by the financial system.
0:11.9	Today's guest, Hassan Piker, is one of the biggest voices on the American left.
0:15.7	He believes capitalism has failed young people, that greedy corporations and corrupt politicians are strangling their opportunities,
0:23.1	and that government intervention is the only way to fix it.
0:26.1	I see the root cause, and thus the solution set, very differently.
0:30.7	And that's exactly why I wanted this conversation.
0:33.7	In this episode, we go head to head on the real mechanics behind wealth inequality, why housing
0:38.7	has become the make or break asset for the middle class, and whether socialism can actually
0:44.3	deliver positive change in the messy reality of modern economics.
0:48.7	Without further ado, I bring you Hassan Piker.
0:53.4	Why do you think so many young people are turning towards socialism?
0:59.3	That's the first question you got for me.
1:01.0	Out of the gay, man.
1:02.2	Yeah, I mean, I think it's pretty obvious.
1:05.0	It's because capitalism is failing them.
1:07.1	It's failing everybody, not you and me.
1:10.0	It's not failing either of us. We've done quite
1:12.1	well for ourselves, but it has been a spectacular failure for the average person and therefore
1:17.8	people are understandably looking for alternatives. Young people in particular, especially
1:23.0	those who are just coming out of college or they're just going into college, they look at the
1:29.8	opportunities that they have, or rather they don't have, and they realize that the future is grim.
	...

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