Kara Swisher · 34:26
We don't have the money for it right now. Also, that that said, doctor Jill Biden is an education expert. She she may weigh in on some of this, do you think?
Scott Galloway · 34:33
Yeah. And by the way, I didn't I didn't... It was a thoughtful question. That sound... That man sounded really nice. So I don't I don't... A really good question. Another really stupid thing, Forgiving everyone student loans.
Kara Swisher · 34:44
Oh, yeah. That's what they're trying.
Scott Galloway · 34:44
You know what? We're a capitalist society. And my dad my dad said this to me when he moved here. He's like, America's a terrible place to be stupid. I think we put for profit schools out of business. I think it is morally corrupt what we've done. But there's a lot of people who make stupid mistakes, and they paid off their student loans. What do you say to them? What do you say to them the day after they pay it all off, and then you come in and forgive everyone's student loans? You expand social service. You you expand national service, and you you come up with a lot of ways to serve your country and get really aggressive loan forgiveness. But you just don't show up and start bailing people out of their stupid positions or their stupid decisions. It was a stupid decision for a lot of people to take on the student debt they did.
Kara Swisher · 35:22
I don't know if it's stupid. I think people have
Scott Galloway · 35:24
Well, pranking the hopes and dreams. I agree. We gotta we gotta
Kara Swisher · 35:26
hit it from bunch friends. There has to be creative ways to do this. You're right. There has to be... And the second is, like, it just needs to be cheaper. It just needs... They need to be more broad, more different ways to go that doesn't cost an arm and a leg.
Scott Galloway · 35:38
I had student debt. Did you have... Well, you didn't. You're rich. I had student debt, but my student debt after undergrad and grad was a total a total of $17,000, and I could afford to pay that back because my total tuition my total tuition for undergrad and grad at UCLA and Berkeley, get this, total tuition was $7,000.
Kara Swisher · 35:55
Amazing.
Scott Galloway · 35:56
So we need to move back
Kara Swisher · 35:57
to get my kid to go to
Scott Galloway · 35:59
To UC?
Kara Swisher · 35:59
Public university. No. We we... Well, when we were in California, but no. It it doesn't matter.
Scott Galloway · 36:04
You're not going forward? Anyways He's
Kara Swisher · 36:05
paying your salary, Scott. Anyways That's what I'm doing right now.
Scott Galloway · 36:08
Yeah. By the way, return all my salary. But anyways Oh my god. The there's a huge opportunity here, and that is to take some of this money and dramatically expand public land grant universities where two thirds of America's youth are educated, and to upgrade technology. If you double if you just take 50% of classes online, you effectively double supply. We need some class traders to get rid of the most unproductive, immoral union in the world, tenure. And we need to take these great universities, the University of Texas, Cal State, Michigan, University of Florida, back to where they were such that good kids, not just freakishly remarkable kids, have a shot at an outstanding education at a good price. It doesn't need to be free. There's no reason... I worked my ass off to get through UCLA, but I could do it, and there's nothing wrong with that. That teaches you character. That teaches you sacrifice. It's not your birthright to go to college. So it's... There's there's a shade of gray here that nobody on the left or nobody on the right wants to talk about. They either wanna say free college or, you know, they... It's like, well, okay. Let's be more thoughtful. Defund defund the police. Well, no. We don't really wanna defund the police.
Kara Swisher · 37:11
Smaller group of people. Most people want police reform, and that's Agreed. Legitimate and reasonable.
Scott Galloway · 37:15
Agreed. Okay. Sorry. I got I got a little rant
Kara Swisher · 37:17
that one. That... That's just an ad. Like, you you know, it's just an ad. It's just an ad.
Scott Galloway · 37:21
It's a call sign. Yeah.
Kara Swisher · 37:22
There are lots of people who think that, but vast majority of people sit right in the middle, which is reform.
Scott Galloway · 37:28
College. Why don't you just give more money to rich people?
Kara Swisher · 37:30
Cheaper college. They want times it's more affordable. College. And more than What
Scott Galloway · 37:34
would be more important than the cost? You know what the noneconomic cost of the current CAS system called higher ed is? Spring used to be a nervous but joyous time to find out where you're going to school. Now it's the season of despair where you've got to sit down your little girl who's played by the rules, done a great job, and you can't afford to send her to school. Yeah. And we need to dramatically expand enrollment such that people that go get downshifted to a near Ivy like experience with Ivy like prices, basically all over America, the real moral corruption here is through a cartel system, and this total drunk on exclusivity bullshit complexion of academics where we ridiculous. We're we're charging people Mercedes for Hyundai's. Yeah. We're charging people $58,000 a year to go to shitty
Kara Swisher · 38:14
and they take 100% get a leg up.
Scott Galloway · 38:16
And this notion that if you failed as a parent, if you don't send your kid to college, so, okay, they didn't get into a good school, so I'll send them to a mediocre one and pay a $250,000, which I have to mortgage my house. There's
Kara Swisher · 38:26
no I do think one of the messages we have to give to people... I don't think college helped me one bit in my current job or anything else. I don't think it helped me one bit. Like, it's Well,
Scott Galloway · 38:34
I gave you a credential. Would you have gotten jobs?
Kara Swisher · 38:35
No. No. It didn't help me get jobs. It was the work. It was always the work. Never. Maybe
Scott Galloway · 38:40
those were way You don't think first two or three jobs you had, you you didn't get... Needed that credential?
Kara Swisher · 38:45
At the time, college I went to Georgetown was not considered that.
Scott Galloway · 38:48
But you went to journalism school at Columbia. Right?
Kara Swisher · 38:51
Yeah. But it didn't get me any jobs.
Scott Galloway · 38:52
Yeah. But the education and the networking probably helped a lot.
Kara Swisher · 38:55
Was... I wish I had took that money and put it into Apple. That's what I wish.
Scott Galloway · 38:59
Right. That's interesting.
Kara Swisher · 39:00
A 100 didn't help me one bit.
Scott Galloway · 39:02
Well, one of the benefits, one of the silver
Kara Swisher · 39:03
linings Lots of here other things help me.
Scott Galloway · 39:05
One of the silver linings of this pandemic is the fact that we do need to bust out of this notion that the only on ramp to success is a college, a traditional college degree. And more importantly, we need to convince the greatest wealth creators in the history of mankind, The US corporation, to stop forcing everyone to have a degree from an elite university. That there are other Agreed. Other ways, other means of adding value in a company. I Yep. Look, I used to be I always tell parents, a great plan B is to send your kids to school if you can afford it. But we need to fall back in love with the unremarkables, let more kids into college at a reasonable price, and also find other things, vocational schools, junior colleges, different types of certification, and different on ramps for people who don't necessarily wanna go to college.
Kara Swisher · 39:48
A 100%. These are very high paying jobs. They can be very high paying jobs and necessary. And they don't immediately get, get digitized, the plumbing, electrical work.
Scott Galloway · 39:58
By the way, Sundar Pichai totally played to my emotional needs and launched this $300 Google certification program for UIUX and product management. Has is that actually happening?
Kara Swisher · 40:08
I don't know. I'll check. I'll call them. I'll call them and find out.
Scott Galloway · 40:11
Were they toying with my emotions? Were they flirting with me?
Kara Swisher · 40:13
They they... Yeah. They think about you every day.
Scott Galloway · 40:15
I think so. That's all.
Kara Swisher · 40:16
I think so. Listen. We're gonna take one more quick break.
Scott Galloway · 40:18
Oh, yeah. I'm on their I
Kara Swisher · 40:20
think I... Forgot. I wanna let Scott hear hung up. Yeah. Yeah. Alright. Scott, one more quick break. We'll be back for predictions.
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— Predictions segment begins —
Kara Swisher · 41:17
Okay, Scott. I have a prediction, but you go first. You go first.
Scott Galloway · 41:21
I wanna hear yours. I I always suck all the oxygen out of the room.
Kara Swisher · 41:24
No. Alright. This is what I think. I just I just did an antitrust panel for the American Bar Association, a lot of big thankers, and they didn't welcome my opinions about Google and everything else, just FYI. This was a lot of people who who get paid to let mergers sail through or help mergers sail through. I think there's 600 plus tech mergers that have gone through without any kind of stoppage. And I I... Anyway, I was I was talking to a whole bunch of people there, and and one of the things that I got the sense of is that they're gonna let the Google Fitbit merger go through with Halo and the other things. They... They're gonna let that one plaster.
Scott Galloway · 41:58
So under the auspices, so the best way to predict the future is to make it? I think you know something.
Kara Swisher · 42:03
I think I might.
Scott Galloway · 42:04
Right. So Fitbit's gonna go through.
Kara Swisher · 42:06
I think it's gonna go through.
Scott Galloway · 42:08
Yeah. That's that's interesting. I don't know.
Kara Swisher · 42:10
Tell me why it's interesting.
Scott Galloway · 42:12
Well, I I don't know enough about antitrust to think, Is this is this monopoly abuse? But just as just as Apple is going vertical with search engines and with chips, Google, What's interesting about Google is they're the only big... Really, they haven't gone vertical into content in terms of streaming video. And they also... They've tried with the Pixel, but they really haven't done much in terms of or had much success in terms of hardware. I guess Nest, what would you say is their hardware? Nest. Yeah. Yeah. So Fitbit, it wasn't a big acquisition. Wearables, everyone else is getting into wearables.
Kara Swisher · 42:49
Yeah. You got Amazon. I'm wearing Amazon Halo.
Scott Galloway · 42:51
You're wearing a Halo? Mhmm. Obviously, the I... The Apple Watch, not the iWatch, Apple Watch. So I guess they could say, look, our competition's all in this space. Yeah. Yeah. That's interesting. What did they buy it for? They only bought... They bought it for scrap. Right? 4 or 500,000,000?
Kara Swisher · 43:04
Yeah. And actually, it's the best one on the market, really. I I... Although I have to tell you, I really like this Amazon Halo, except for it's listening to me right now and you and me right now. I just... I'm gonna turn that off in a minute. But I have to say it's the best one. I've... I I... You can see it right here. It's the best one so far. It's still a little thick, but I have to tell, compared to all the others, it's it's the one I don't notice. Fitbit is also quite good. Still also thick, but quite a good one. And, but the amount of information they're getting is really disturbing, I have to say. The tone of voice thing. You know? If I pull up my thing right now, I'll
Scott Galloway · 43:36
see saying, just It you are a German lady, Anne.
Kara Swisher · 43:40
And lady. Okay. So today
Scott Galloway · 43:45
Good stuff.
Kara Swisher · 43:46
So today Yeah. Oh, look at this. I'm happy today. It's 12% happy, seven... Oh, 5%
Scott Galloway · 43:51
not down your happiness?
Kara Swisher · 43:53
Oh, yeah. No. It's the tone. It's my tone. So let's see. I was irritated ten seconds ago. I was irritated ten seconds ago. That makes sense. Friendly, two point five seconds ago. Aggressive, 2.8 ago. So during our thing, I'm happy. Yeah. I'm aggressive and friendly, and I'm irritated.
Scott Galloway · 44:16
Wow.
Kara Swisher · 44:17
That is
Scott Galloway · 44:18
You just described 80% of my sex.
Kara Swisher · 44:20
Anyways Exactly. Discouraged. Oh, I was also discouraged. There you go.
Scott Galloway · 44:25
Unconfident. That was hilarious. With an experience that was discouraged.
Kara Swisher · 44:29
Today. But right now, I am... What time is it right now? Come here. Over here. I'm happy now. Look at this. You make me... I'm irritated. No. I'm mostly irritated.
Scott Galloway · 44:36
Happy and irritated. And irritated.
Kara Swisher · 44:39
Stubborn and dismissive. It's really kind of crazy. Anyway
Scott Galloway · 44:42
What does all that mean? Okay. My personal
Kara Swisher · 44:44
have a body fat thing too. Really? You can take a picture. You take a picture of yourself and load it up to Jeff Bezos.
Scott Galloway · 44:49
Oh, yeah? Yeah. Mhmm. Bezos doesn't have body fat.
Kara Swisher · 44:52
You have to be pretty naked to do to do that. I'm comfortable with my nudity.
Scott Galloway · 44:56
I'm more comfortable with my nudity. It's other people who aren't comfortable with my nudity. Anyway, prediction. I already said this. So Amazon's up 20% in the next seven weeks till its next earnings call, it maybe hits 4,000. The pandemic trade only gets stronger. Yeah. And unfortunately, it's gonna be really... It's a... It's... There's terrible things that are gonna drive this. But you have this perfect storm, savings rate, nowhere to spend it, a Christmas that always involves discretionary spending.
Kara Swisher · 45:32
Money in the bank for a lot of wealthy people.
Scott Galloway · 45:33
Money in the bank, and then a supply chain that can handle flawlessly. But the majority of ecommerce sites are going to be overwhelmed, and they're going to start sending out emails saying, we're not sure you can get it there in time for Christmas. And there's going to be one place that says, we'll get it there early, COVID free, and at a good price. Boom. I mean, it's just gonna be staggering the business Amazon is gonna do in the next six weeks.
Kara Swisher · 45:56
Okay. Well, there you have it. That's a really good one. We have two good ones. We have two good ones. We will talk about apple chips later because it's an important story. We'll talk about that Monday.
— Predictions segment ends —
Scott Galloway · 46:05
What do got planned for the weekend, Kara?
Kara Swisher · 46:08
Organization of my house and stuff like that. Getting ready... My son's coming home for a couple of weeks. He's gonna
Scott Galloway · 46:14
From NYU?
Kara Swisher · 46:15
From NYU. Yeah. He's gonna stay for December because he wants to see his friends, and all his classes online. They're gonna hopefully go back online in January... He doesn't go back till mid January. So Yep. Hopefully, things will ease off a little bit. But New York's been pretty good, honestly. He's he's had a good time there, and he's making friends, and he doesn't have COVID, and they have very low rates. So you were wrong about that one,
Scott Galloway · 46:33
unfortunately. You know what? I was a 100% wrong. And to be fair, NYU's testing Really this is all public. It's been very robust, and their positivity rates have been, like, point zero one percent. They've done
Kara Swisher · 46:46
They're like Taiwan. Her behavior Taiwan. I have to say. I thought they would because I watched as they rolled it out, and I was pretty pleased with, how they're doing it. And, again, you know, I think Louis is being social, but they're being very careful, and they're doing a lot of testing, and they're following up very quickly. And so I feel pretty good. And so his... One of his classes, they're all going remote now because of this rise in New York. And so I... He's just gonna stay home with his mama.
Scott Galloway · 47:10
That'll be nice.
Kara Swisher · 47:11
Yeah. Yeah. So I'll be around not doing much of anything. Alright, Scott. That's the show. Thank you so much. It's a very enjoyable show. Email us with
Scott Galloway · 47:19
You're two percent gratified.
Kara Swisher · 47:21
Let me see. Let me look. What is Jeff Bezos? Tell me I am irritated and gratified. Email us with questions about companies and trends in tech and business at pivot@VoxMedia.com. We love your questions. Whatever you wanna ask. Thank you so much from Australia. We really appreciate it. Michael from Melbourne, which is a beautiful city, by the way, one of my favorites in that... Of that continent.
Scott Galloway · 47:42
The nicest city in Australia. Underrated. It's a wonderful city.
Kara Swisher · 47:46
Wonderful. They have that market there. I love everything about Melbourne. My my nephew lived there, so I went and visited him once. Alright. Lead us out, Scott.
Scott Galloway · 47:53
Today's show was produced by Rebecca Sinanis. Fernando Finite engineered this episode. Erica Anderson is Pivot's executive producer. 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 or 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 German lady or lesbian. Kara, have a great weekend.
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Scott Galloway · 49:25
online
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