back to indexTrump's Mandate: An Extinction-Level Event for Federal Bureaucracy
Chapters
0:0 Friedberg's thesis
4:29 Chamath's highest beta transition picks
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Biology called evolution and a lot of people think evolution is this continuous process, but it's not 00:00:08.820 |
evolution is this process by which there is some significant growth for a period of time and 00:00:15.120 |
Then there is an extinction event or an external force 00:00:18.960 |
That causes what ultimately becomes what's called punctuated equilibrium 00:00:23.320 |
So the whole kind of system resets and then the healthier stronger species 00:00:27.760 |
Survive and they grow and they persist and if you look at the 00:00:31.800 |
first chart Nick that I pulled up this will just show you guys past extinction events large amounts of 00:00:38.600 |
biomass over the past half billion years get wiped out when these extinction events occur and 00:00:43.760 |
then evolution occurs because the species that can survive the extinction of hand persists in the environment and they grow and 00:00:51.480 |
That's how evolution kind of actually takes place is there's an external force that changes what survives and what doesn't it's kind of a testing 00:00:59.080 |
Force if you look at federal spending and this is a crazy link 00:01:02.760 |
but here's federal spending over the last couple of decades and I 00:01:09.860 |
Much of the bureaucracy many of the jobs created many of the spending programs many of the operating models many of the behaviors 00:01:20.560 |
species or species within this ecosystem that have kind of grown a lot over the last few decades and 00:01:25.960 |
I think what Trump's mandate was by the people 00:01:29.040 |
and people don't want to hear this and they don't like it, but his mandate was to be kind of the extinction event and 00:01:41.560 |
whatever bureaucratic systems exist within the federal government that can withstand the scrutiny of 00:01:46.560 |
The individuals that Trump is going to put in charge of each of these agencies 00:01:50.320 |
That they can survive and they can come out the other end 00:01:53.560 |
There is certainly some degree of strength and resilience and hardiness. This is not about right or wrong 00:01:59.280 |
This is a deserve to exist if they think this is gonna bring in this is gonna bring in the most 00:02:04.160 |
Disruptive force that federal agencies have ever seen and the intention with Trump isn't defined 00:02:09.440 |
Some person to keep running things the way they have been run in the past his 00:02:14.080 |
mandate from the people who elected him based on the message he put out there is to do the opposite which is to go in and 00:02:19.600 |
Be as disruptive and damaging and destructive as possible. And whatever comes out the other side will be stronger will be harder and 00:02:26.280 |
Theoretically will be you know more resilient and I think that that's the event that's underway 00:02:34.640 |
Now the people who are getting exactly what they want in 00:02:38.560 |
Trump's candidacies are the Democrats they were saying Trump is gonna put a bunch of crazy lunatics in office and he's gonna make them the 00:02:45.600 |
Cabinet and they're good and there and now they're able to kind of clap their hands and say we told you so we told you 00:02:50.200 |
So and I'm not sure that if they're really getting the message 00:02:53.560 |
Which is that the intention here isn't to keep things running the way they have been running 00:02:57.680 |
But to really fundamentally test the systems and test the systems with the most challenging 00:03:03.560 |
Oppositional forces the systems have ever been tested by which is the candidates or the individuals that he's putting in charge of each of these 00:03:09.200 |
Agencies, so I'm not saying it's right or wrong one way or the other 00:03:12.720 |
But I'm making an observation that this is gonna be kind of an extinction level event 00:03:16.760 |
That Trump's decisions on who he's putting in place. I think are gonna drive an outcome on the other end 00:03:22.040 |
That's gonna make the government look very different and I you know 00:03:26.000 |
I'm not gonna sit around and say this person's good this person's bad because I don't think the point is to find someone that's quote 00:03:31.880 |
The intention is actually quite different and the outcome may actually be positive for America if you fast-forward a couple of years in 00:03:38.480 |
some cases and there's some cases where things could get really messed up and people could suffer and jobs will be lost and all sorts 00:03:45.760 |
We cannot continue the way we have to with respect to federal spending with respect to federal spending 00:03:51.040 |
bureaucracy and inefficiency in the federal government and so something has to happen and if this is the path by which this gets resolved in 00:04:00.120 |
This this particular administration, which is probably two years, maybe four. Maybe this is what has to happen 00:04:09.880 |
Metaphor here that we're sending meteors into each of these departments to blow them up and see if they survive an extinction level 00:04:17.600 |
Event I saw you nodding. Do you think this is an interesting framing great take? I have nothing to add to Friedberg state 00:04:24.200 |
Got it. Who's your favorite? Yeah, you asked me the question. I answered who's your favorite? 00:04:29.480 |
Well, I think let's take you on and Vivek off the table because that's an obvious one that we're behind since the beginning. Yeah 00:04:36.280 |
And we know and we all support the idea who's not against more efficiency 00:04:40.000 |
I mean, you have to be an idiot to be against efficiency. It's like the easiest one to say you love 00:04:43.680 |
I think the highest beta pick so far has been Bobby Kennedy. I think the second highest beta pick is 00:04:52.680 |
Explain highest beta pick in this context, please. I think the third is Tulsi Gabbard 00:05:00.640 |
Enormously positive two or three Sigma outcome, but there's also the chance that it can really not work. Hmm 00:05:10.040 |
That was exactly why I picked Bobby Kennedy because he's gonna shake it up 00:05:14.320 |
Right Peter Thiel just did this podcast with barry weiss and it was fantastic by the way, highly recommend highly recommend. He's awesome. Yeah, the 00:05:21.600 |
One of the great things he said is that he was talking about science 00:05:26.360 |
But I think the example works here as well, which is that we didn't have enough skepticism and we had too much dogma 00:05:32.520 |
he was talking about sort of like the the death of science and 00:05:36.560 |
I think that that idea applies here as well, which is that the federal bureaucracy has not really been challenged 00:05:50.240 |
He basically said like what when you on the one hand there's going to be radical transparency 00:05:57.560 |
Case law that we can use to kind of try to really dismantle 00:06:01.520 |
the government apparatus and they're putting themselves on a shot clock to do it by 00:06:06.360 |
2026 for the 250th anniversary, so I think I'm really predisposed to this idea that 00:06:15.800 |
It'll force the government to be very resilient at the end of this process and I think that's a good thing and it'll probably be 00:06:24.200 |
Very different than what it is on the way in and I think that that can be very positive