Kara Swisher · 44:31
Let me just say, Governor DeSantis, you suck in terms of
Scott Galloway · 44:34
Well, here's here's where we are, and it speaks to a larger problem.
Kara Swisher · 44:37
I don't care if you don't have enough of them. Your your systems suck. Even if you're telling me no, you're not explaining how I can get But on a
Scott Galloway · 44:44
this is part of a forty year screed started by Reagan where government is incompetent, so let's defund them, which leads to a self fulfilling prophecy about ineffective government. And this whole notion that we're going to decentralize everything and leave it up to the hospitals is nothing but similar to Facebook, abdicating responsibility. And Governor DeSantis is this big, we're going to let the hospitals figure out the vaccination websites. You know what? We need scale. We need the federal government. The federal government is really good at some things. They are really good at defending our borders. They are really good at ensuring that you can't segregate schools. The federal government is outstanding at a lot of things. And guess what?
Kara Swisher · 45:24
Needs be federalized.
Scott Galloway · 45:25
This needs to be federalized.
Kara Swisher · 45:27
And You know, it's so... You can fill out a form to get an am... I can get a ginger ale during this show from Amazon right now. Come on. We know how to do this. And now every single county is making its own list system. This is just astonishing. And by the way... And Florida in particular, you wasted five hours of my life last night, and I still wasn't able to figure out the... Anyway, thank
Scott Galloway · 45:46
you. Come down to Miami. Let us make it up to you. No. Know. Come down to Miami.
Kara Swisher · 45:50
No. Not coming to Florida. Anyway, we were gonna... We'll discuss... We're gonna discuss the algorithms. We've gotta move on, but asking these companies to readjust their algorithms, we'll see about that.
Scott Galloway · 45:58
Do know who you would love?
Kara Swisher · 45:59
We'll see about that. What?
Scott Galloway · 46:00
The new mayor of Miami.
Kara Swisher · 46:02
I have talked to him. He and he texts me all the time. I did a little column I quoted him in.
Scott Galloway · 46:06
He's good.
Kara Swisher · 46:07
Francisco Suarez, right?
Scott Galloway · 46:08
Suarez, Mayor Suarez. He wants us by the way.
Kara Swisher · 46:11
He's very eager.
Scott Galloway · 46:12
Mayor Suarez wants me. Speaking of
Kara Swisher · 46:14
texting in the middle of the night, he texts them.
Scott Galloway · 46:15
Yeah, I like it. He's like all over you.
Kara Swisher · 46:18
He's very nice.
Scott Galloway · 46:19
He wants the jungle cat and the dog to host an event in Miami. Perhaps
Kara Swisher · 46:22
we will.
Scott Galloway · 46:23
Perhaps bring your sunblock.
Kara Swisher · 46:25
If they don't give my mother a vaccine, no, they can't. I'm not coming down there. God, I don't want them Did to help I know your
Scott Galloway · 46:32
mom was in Florida?
Kara Swisher · 46:32
She's in Vero Beach. Just don't drive around in your car nearby, she has a car. So that's even... Just stay away.
Scott Galloway · 46:39
Just I'm stay not lucky. That's not a car. It's a weapon.
Kara Swisher · 46:42
It's a... She's a weapon.
Scott Galloway · 46:43
It's a weapon.
Kara Swisher · 46:44
Alright. So we're gonna move on and take a listener mail question. Let's go.
Scott Galloway · 46:49
You've got you've got... I can't believe I'm gonna be a mailman. You've got mail.
Speaker · 46:54
Hey, Karen Scott. This is William calling from Connecticut. I'm a recent college graduate who has found himself unemployed due to the pandemic. I'm viewing this as a time to reinvent myself and maybe dive into something new. If you were in my shoes, what industry or sector of the economy would you choose to start a new career in? Something that has large potential upside and will be prevalent for years to come. Thank you.
Kara Swisher · 47:21
Interesting. I'm gonna answer this first because I am teaching a course at University of Chicago, and I just last night talked to a dozen students. Yes.
Scott Galloway · 47:28
The phone. University of Chicago?
Kara Swisher · 47:30
Yeah. I'm a professor. I'm professor Carraso.
Scott Galloway · 47:32
Are you are you lecturing or you're adjunct?
Kara Swisher · 47:33
What's the deal there? I am a... I did a fellowship We're doing it. I... We should have been in Chicago, but I... Because I love But we cannot go. So it is it is via virtual. And I spent... They have these office hours where I talk to students literally on a Zoom for twenty minutes each. And all of them were asking this question. So I'm gonna answer this first. Yeah. Climate change tech. Thank you. Climate change or food tech? That's where I would go into. It's a really interesting area. It's highly competitive in terms of there's gonna be lots of companies in here, and I would focus on investing in climate change, fig... Figuring out the problems, whether it's things like cleaning up the mess, like carbon capture or solar or I just... That's where I would head. I think that's where... Obviously, the Biden administration's putting a lot of money into it. Sheldon White house stopped doing his speeches now because he feels like we're on a better track. I feel like that is an area of great promise. Thank you. All right, Scott, you do it because you're an actual professor.
Scott Galloway · 48:41
Well, get, my office hours, kids don't come to talk about brand strategy or strategy. They come basically to ask this question over and over. Think the most exciting areas, I agree with you, those are both great areas. I personally think that the greatest opportunity or the reshuffling of stakeholder capital will be in the largest part of our economy and that's healthcare. We're about to see 17% of our GDP dispersed from doctor's offices and hospitals to homes. And it's not only a fantastic opportunity economically, it's an opportunity to take primary care and push it out to people who end up in the emergency room because they're under insured or intimidated. A woman who has a child that suffers from diabetes spends twelve weeks of her life every year managing that child's diabetes. And let's be honest, it's almost always the mom. And most of that time is spent commuting to and from the doctor's office and then waiting in the waiting room of some specialist. So it's not only a huge opportunity, you're going to see $3,000,000,000,000 reallocated away from the medical industrial complex. So get in between healthcare and technology. My industry, ed tech, $750,000,000,000 in The US, a couple trillion dollars. It's not sustainable. There's no reason that kids should be paying 7,000 to take my course, two eighty kids, that's $2.1.2000000 for twelve nights of this. And think about it, all you have to endure is an ad from ZipRecruiter. What a deal. But EdTech is huge. Also just some lifestyle stuff. Get to a city, give up on the myth of balance, work your ass off, invest in relationships, see opportunities to help other people as an opportunity. And also Kara, spend less time on your phone and have more sex, specifically attached to a relationship, attached to a relationship.
Kara Swisher · 50:25
Alright. Just don't call them incels. They're not incels.
Scott Galloway · 50:27
When did incels become a
Kara Swisher · 50:29
special Text. Industry I'll show you. I'm gonna send you. I might
Scott Galloway · 50:32
have argument. Where were you when I was 19? I didn't realize I needed protecting and was deservative of carrots. Insolence. I didn't know I was a thing.
Kara Swisher · 50:40
As usual, typical white man is like make a mistake and then get def... My son did this last night. Same thing. Like I, he wasn't supposed to be at my house, Virginia. He was supposed to be at my ex's house. And so I work late and then I get home. He's like, why aren't you here? Because he had told me that morning he wasn't going to be there. And I was like, but you told me he wasn't. And then it was, he was, he was mad at me for something he did. I'm just, I am so good at dealing with men who are, do this, who displace their anger. So don't even.
Scott Galloway · 51:09
Need it. My angers are embers that actually inspire a lot of professional exec. I'm so upset I'm not more successful that I try to be, I think anger is actually very motivating.
Kara Swisher · 51:19
It's not actually not anger that you all have, by the way. It's insecurity and that you, where is mom in the case of my sons? And in your case, where is Kara? To slap the Come on. The Jesus out of me.
Scott Galloway · 51:31
Angry, insecure men, I. E. Men? What do but it's you insecurity. Those men that have testicles. Yeah. That's a bit redundant, isn't it? Insecure, angry men.
Kara Swisher · 51:40
Not everybody. With many people, it's because they're insecure and that's where rudeness and anger comes out of, or say
Scott Galloway · 51:48
unforgettable I hate myself less and less every day.
Kara Swisher · 51:50
Do you what? I'm glad that Stephanie Ruhl was attacking you too.
Scott Galloway · 51:52
Yeah, she's like, now she's coming out.
Kara Swisher · 51:53
She's worse.
Scott Galloway · 51:54
What's the deal? But it's out of
Kara Swisher · 51:55
Perhaps you the deserve it. Perhaps you deserve her. This is someone who cares about you and doesn't want you to like drive yourself into a wall.
Scott Galloway · 52:03
I just wrote back. I appreciate you looking out for me. I need these guardrails. Oh my god. How inappropriate.
Kara Swisher · 52:09
How inappropriate that I'm Do this. I knew you would do this. It's not because she's a woman. It's because she's a badass. Stephanie Rule is a badass. And if she's badassing you, I'm good with it. I'm feeling good with it. Anyway, Scott, William from Connecticut, I... We... I say climate change check, or or food. I say tomato. Scott says. And and the the one of the other thing is an unconventional skill we have that you think people should be learning for the market. Just creative thinking. Not learning Chinese. Maybe you could learn Chinese, I'm
Scott Galloway · 52:37
sorry, creative thinking. Creative thinking. That's your advice.
Kara Swisher · 52:39
Yes, yes. I don't think
Scott Galloway · 52:41
people That's will right up there with Ivanka's advice to just do something different. Creative thinking. Oh, that's actual.
Kara Swisher · 52:46
You mean you mean senator?
Scott Galloway · 52:47
Thank you.
Kara Swisher · 52:48
You mean senator Ivanka? Oh my god. She cannot be senator. I'm sorry. I I would go down there and
Scott Galloway · 52:54
knock George
Kara Swisher · 52:55
to say, not for Marco Rubio either. Let's find someone else that maybe you could run.
Scott Galloway · 53:01
What could what could happen? Would be outstanding. The police commissioner
Kara Swisher · 53:04
from Orlando. Oh, yes. Let's get Val Dem... Let's back her. That's who we back to get of these two.
Scott Galloway · 53:09
Be fantastic.
Kara Swisher · 53:10
Grifters. We need to get rid of the grifters and put in Val Demings.
Scott Galloway · 53:13
Thank you very much. I agree.
— Predictions segment begins —
Kara Swisher · 53:14
Anyway, Scott Kara. One more quick break. You have a have a prediction. When we get back, you're gonna make a quick prediction.
Scott Galloway · 53:20
Good.
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Scott Galloway · 53:36
got a
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Kara Swisher · 54:20
Okay, Scott. Prediction time. You have a very short amount of time. What's your prediction? We're going to see the SEC all day to day. That's my prediction.
Scott Galloway · 54:26
We're going see the SEC and FINRA weigh in here, but they'll weigh in on both sides and there'll be some sort of regulation or some sort of new guide rules, but it'll impact the existing players recognizing the new guys aren't doing anything different. I think they'll get that. Two, the more interesting thing is just as Roblox has dispersed creativity past Activision or Blizzard such that creators have a platform and can build their own games and then let kids decide what games get oxygen, just as TikTok has built a platform such that Jeffrey Katzenberg doesn't decide who the creators are, Greenlight or CAA, consumers get to decide what content or creativity gets oxygen. We're going to see some sort of platform create the opportunity to micro invest in influencers. And there's some very talented people doing fundamental analysis and also quite frankly, figuring out tools of influence and persuasion to create alpha and generate returns in the market. And somebody, some very smart entrepreneur is going to figure out a platform that lets you take five, 10, a 100 and disperse it to a group of individuals, kind of what I'll call creators or investors This for
Kara Swisher · 55:34
has been tried many times, you know that. This has been something, but go ahead.
Scott Galloway · 55:37
I think the time is here though. I think the technology is here and I think you're going to see a platform that lets you participate in this. Most of us don't have the skills, the time, the inclination,
Kara Swisher · 55:49
are,
Scott Galloway · 55:50
take or initiative and start figuring this out.
Kara Swisher · 55:51
I've literally written about this like ten years ago. This was this idea of new, I remember being at Sundance and they were talking about this issue of people being behind the scene. You know what I mean? Like, that you could you could fund in different ways. And at the time, they went right back to the old funding method and it wasn't available. But you're right. There's kind of an interesting, you know, Patreon... Pete doesn't get enough credit for a lot of the changes it's made, this... These constant ideas. But there there were ideas before Patreon like this, and some of some of these others, the Kickstarters, the in... Indiegogo, and stuff like that. It it... It's ripe for how things are funded. It's... The issue is I think there's some regulatory issues around investments and things like that, but it is an interesting time to do that. That's a good prediction.
Scott Galloway · 56:34
That's what'll happen. As soon as this airs, I'm gonna get about a 100 DMs and tweets saying it already exists and it's called this. I bet it's out there. We just haven't heard of it.
Kara Swisher · 56:46
No. There there had been. I've been... I've I've written about it, but it's just how you fund movies. You're right. It has to change rather drastically, and it has been. It's such a weird system. It's such a weird relationship based, you know, bring a rich guy in. Oh, there's a guy from Russia. There's a guy from China. There's a guy from Saudi Arabia. That kind of thing. It's it's off... It's always a guy, by the way. So I think it's a really interesting area. And we'll see we'll see if you can really break. Speaking of of industries that have stayed in the in the dark ages much too long, although there's been lots of changes by some companies, it still does operate a lot in the way it used to. Anyway, Scott, thank That's you so the show. I feel like we've settled our differences, and I'm glad about that. And, I hope you don't do it today. I I... This was a real Step
— Predictions segment ends —
Scott Galloway · 57:33
away from the keyboard.
Kara Swisher · 57:35
But you gave a very good explanation and I appreciate that. So anyway, I'm sorry for the people that are mad at him. I I feel your pain, but here's the deal.
Scott Galloway · 57:44
You know, the dog deserves it. Every once in a while, every once in a while, the dogs should get, you know, a little paper whap on the nose.
Kara Swisher · 57:49
No. No. Whap. They told me to beat the living crap out of you, just so you know, but I did not wanna do that. Anyway, go to nymag.com/pivot to submit your questions for the podcast. The link is also in our show notes. Scott, read us out.
Scott Galloway · 58:02
Today's show is produced by Rebecca Sinanis, Ernie Intertot, engineered this episode. Thanks also to Hannah Rosen and Drew Burrows. Make sure you subscribe to the show on Apple Podcasts or if you're an Android user, check us out on Spotify frankly wherever you listen to podcasts. If you like the show, please recommend it to a friend. Thanks for listening to Pivot from New York Magazine and Vox Media. We'll be back next week for a breakdown of all things tech and business. Less phone, more sex. Less phone, more sex.
Kara Swisher · 58:30
Why not both, Scott? Why not both?
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