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Chamath Palihapitiya explains why the social contract is collapsing: "We're at the tail end of a cycle that doesn't work anymore, which is all about this tension between labor, people that do the work, and capital, the people that fund it and then make all the returns." "Over the last 40 years, we've basically gone to this completely upside-down world where capital extracts all of the upside, and labor has extracted less and less and less and less. All of this pushback manifests in AI, it manifests in politics, it manifests in social issues, it manifests in Israel. Whatever you want to talk about, all of these issues, I think, symptomologically, come from this other issue, which is we are out of balance." "This total compact that we used to have, a liberal democracy and a free market, has totally collapsed. There are simple ways to fix that, but that never gets the attention because it's not what you want to talk about." "The attention is here. Vote no to the data center. You know, this model is going to take out all the jobs. You know, this social issue is really important. That war should not be fought. That war should be fought. All of these things, while important, distract us from what the core issue is. The core issue is that we as a society, I think, are out of balance. The natural compact between all of us is broken, and there are some simple ways to fix that compact, get people more invested, get people more engaged in the upside, have people have a positive some view of what's happening, and that isn't happening." — @chamath on @joerogan's Podcast E2494

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