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Andrew Yang Podcast

What happens when you give money away? Albert Wenger and Susan Danziger share.

Andrew Yang Podcast

Andrew Yang & Audacy

Society & Culture

4.83.2K Ratings

🗓️ 9 July 2020

⏱️ 53 minutes

🧾️ Download transcript

Summary

Investors and philanthropists Albert Wenger and Susan Danziger join to discuss their efforts to run one of the largest Universal Basic Income trials in the US. They and Andrew unpack why empowering people financially also helps us make progress on women’s rights, climate change, and a number of other social solutions. Watch on Youtube: https://youtu.be/iB6fXcnv6vM


Susan Danziger - https://twitter.com/susandanziger

Albert Wenger - https://twitter.com/albertwenger

Andrew Yang - https://movehumanityforward.com / https://twitter.com/AndrewYang

Zach Graumann - https://twitter.com/Zach_Graumann

Transcript

Click on a timestamp to play from that location

0:00.0

Capital was the defining scarcity of the industrial age, land of the agrarian age, food of the

0:05.6

Forage age.

0:06.6

Now, attention is the defining scarcity.

0:08.8

You can't go back in your life, right?

0:10.5

You can't go back and change what you paid attention to yesterday.

0:14.1

You know, a student who walks into an exam ill-prepared can't go back and suddenly prepare

0:20.6

a nation that goes into a global pandemic ill-prepared can't go back and say, oh, we should

0:25.8

have done more research on coronaviruses.

0:27.8

You just can't do it, right?

0:29.4

So attention is fundamentally scarce.

0:32.4

And the business model of some of the biggest corporations is premised on hogging as much

0:39.1

of that attention as they can because advertising, which is the fundamental business model of

0:44.3

Facebook and Google, is the resell of attention.

0:48.6

It's taking as much attention as you can get and then taking some of it and selling

0:52.2

it to the advertisers.

0:53.8

And that's a lot easier to do by giving you faux outrage and by giving you cheap emotional

1:00.2

things as opposed to saying, hey, why don't you go and actually read this difficult book

1:05.4

or why don't you go and watch this hour-long video that actually explains something in

1:09.0

depth?

1:10.0

That's not in the interest.

1:11.0

In the interest is here's a quick hit and here's another quick hit and here's another

1:14.4

quick hit.

...

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