The Power of Debate: Fostering Civic Capacity and Tackling the Fentanyl Epidemic with James Fishback

Truth with Vivek Ramaswamy

Vivek Ramaswamy

Business, News, Government

4.7 • 1.2K Ratings

🗓️ 24 April 2023

⏱️ 71 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this engaging episode of "The Vivek Show," host Vivek Ramaswamy and guest James Fishback, investor at Greenlight Capital and founder of the nonprofit organization Incubate Debate, discuss the power of high school debate in fostering civic capacity and addressing critical issues like the fentanyl crisis. They cover topics such as the Federal Reserve, the impact of AI on education, and the rise of tribalism in politics. Fishback shares his experiences in founding Incubate Debate, which aims to break financial barriers and provide opportunities for young Americans to engage in open dialogue, and highlights the urgency of combating the deadly fentanyl epidemic. -- Donate here: https://t.co/PE1rfuVBmb For more content follow me here: Twitter - @VivekGRamaswamy Instagram - @vivekgramaswamy Facebook - http://facebook.com/VivekGRamaswamy Truth Social - @VivekRamaswamy Rumble - @VivekRamaswamy -- James Fishback founded Incubate Debate in 2019, a non-profit organization aimed at making debate accessible to students of all socioeconomic backgrounds and political beliefs. Incubate has welcomed thousands of students from all over Florida to its tournaments, workshops, and camps, all at no cost. The organization's proprietary debate formats make it easy to learn and hard to master, requiring dedication and a willingness to continually strive for improvement. James Fishback, born and raised in Davie, FL, started Incubate Debate after serving as a volunteer debate coach and competing in high school debate. -- Time-codes: 00:00 - Vivek Ramaswamy's introduction and background 00:14 - The difference between capitalism and democracy voting systems 00:35 - Introducing James Fishback and his background 00:08:21 - Conversation with David Einhorn on the Federal Reserve 00:09:20 - Debate coaching during COVID 00:11:52 - Hosting free debate tournaments with Incubate Debate 00:16:14 - The impact of debate on civic culture 00:17:22 - The rise of tribalism in politics 00:18:11 - Changes in high school debate 00:20:55 - Loss of free speech in high school settings 00:23:46 - The first in-person debate tournament in Glades County 00:24:31 - Biased debate topics 00:26:41 - The Trojan horse model of the illiberal left 00:29:18 - Navigating biased debate topics 00:30:57 - Racial equity as a tiebreaker in debates 00:31:41 - The concept of "tyranny of merit" 00:33:18 - Alternative approaches for underserved students 00:36:55 - Addressing the extracurricular gap 00:37:43 - Minds changing during debates 00:39:50 - The Florida parental rights bill 00:41:53 - Upcoming debate topic: AI and education 00:42:49 - Reforming the Federal Reserve 00:46:33 - Micromanaging inflation targets 00:51:45 - The importance of civic capacity 00:52:31 - Launch of "Not Even Once" School Assembly Series Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So I began my career as an investor. I've started a number of companies along the way and the company I most recently started was an asset
0:14.4	management firm called Strive to compete against the likes of Black Rock and Vanguard and others who were promoting
0:21.5	ESG values in capital markets.
0:23.6	But that gave me a front row seat to seeing what one kind of voting looks like.
0:30.0	The way voting works in the market is that the person who has the most dollars gets the most
0:36.5	votes.
0:37.5	Whether that's a consumer that decides which product rises to the top, whether it's a shareholder that gets to decide who gets to be elected on the
0:45.4	board of Apple or in the board of Chevron or Exxon or any other company, it's not that everyone who's
0:50.8	a shareholder of Exxon gets an equal say, no, it's the fact that
0:54.7	somebody who holds the most shares that's invested the most capital in Exxon has that say.
1:00.5	That's just the way capitalism works is it's a one dollar one vote system and that's okay
1:05.6	when you're talking about which products rise to the top when which ideas at a shareholder
1:11.7	ballot rise to the top.
1:14.9	But in our body politic in a constitutional republic,
1:18.3	like the United States, underpinned
1:20.0	by a democratic process, we use a different system.
1:23.2	It's a one-person-one-vote system
1:26.4	that shouldn't be adjusted upward or downward
1:28.8	by the number of dollars you control in the marketplace.
1:31.8	That's actually one of my main issues
1:33.2	with the rise of so-called ESG and stakeholder
1:36.7	capitalism trends in corporate America.
	...

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