WHO’s incompetence, kicking off Cold War II, China’s grand plan, 100X’ing American efficiency | The All-In Podcast

Key Takeaways

  • The WHO was reluctant to announce that COVID was an airborne virus because it would’ve affected the spending and political budgets in all of their member countries
    • “It’s an organization that’s sort of political first and then reverse engineers the science to fit that” – David Sacks
  • “Organizations like the WHO and CDC are political bodies” – Chamath Palihapitiya 
  • “This war will not be fought on the ground with guns. It will be fought with computers and it will be fought with money.” – Chamath Palihapitiya
  • China has 2.8 million factories and 83 million factory workers while the US has only 250,000 factories and 12 million factory workers
  • The US should manufacture key products such as medicine and defense weapons domestically, but it should produce apparel, toys, and other leisure items in other countries 
  • About 70% of 5G chips are fabricated in Taiwan
    • Which helps explains why China doesn’t recognize Taiwan as an independent country, there’s a chance they may try to annex it 
      • If the US shows an hesitation or weakness in defending Taiwan, China will seize it
  • “We have to double down on creating a completely independent food supply inside the United States” – Chamath Palihapitiya

Intro

  • David Sacks (@DavidSacks) is a general partner of Craft Ventures
  • David Friedberg (@friedberg) is the Founder and serves as Chief Executive Officer at The Production Board
  • Co-host: Jason Calacanis (@Jason) is an internet entrepreneur, investor, and author of Angel: How to Invest in Technology Startups
  • Co-host: Chamath Palihapitiya (@chamath), is the CEO of Social Capital

WHO’s Incompetence

  • Roundup is a molecule known as glyphosate and it’s been used as a herbicide for decades
    • Roundup was an effective way to get rid of weeds so that farmers could get more crops per acre
      • David Friedberg says that many scientists and studies have found that Roundup is non-carcinogenic 
        • However, Bayer, the company that owns Roundup, will likely have to pay a $10-15 billion settlement as a function of some research that came from the WHO
          •  “For a long time, I’ve had a bit of concern about how the WHO operates and the process by which they do scientific assessment and validation”  David Friedberg
  • The WHO has been incompetent during the COVID crisis
    • “They were slow on masks and opposed them and I think kind of lied about them” – David Sacks
  • The WHO first thinks about the political effects of rules and then reverse-engineers the science to fit their desired narrative
    • The WHO was reluctant to announce that COVID was an airborne virus because it would’ve affected the spending and political budgets in all of their member countries
      • “It’s an organization that’s sort of political first and then reverse engineers the science to fit that” – David Sacks
  • “Organizations like the WHO and CDC are political bodies” – Chamath Palihapitiya

The Second Cold War Has Begun

  • While the US has been spending trillions of dollars on countless wars that haven’t improved the lives on American citizens, China has been investing trillions into large parts of Southeast Asia and Africa
    • “The United States has to develop a really specific strategic viewpoint on the fact that it is us versus China, whether we like it or not” – Chamath Palihapitiya
      • “This war will not be fought on the ground with guns. It will be fought with computers and it will be fought with money.”
  • Russia is no longer the biggest threat to the US, today it’s China
  • Cold War II has begun:
    • The US has stopped Huawei for installing 5G in the states
    • Amazon has told employees to delete TikTok
      • TikTok has already been banned in India
  • The first Cold War was fought with proxy countries. In Cold War II, proxy corporations will fight one another. 
  • About 70% of 5G chips are fabricated in Taiwan
    • Which helps explains why China doesn’t recognize Taiwan as an independent country, there’s a chance they may try to annex it 
      • If the US shows any hesitation or weakness in defending Taiwan, China will seize it
  • China controls 80% of the supply of rare-earth minerals
    • Rare-earth minerals are crucial to make permanent magnets which is what’s used to make an electric motor work
  • China has 2.8 million factories and 83 million factory workers while the US has only 250,000 factories and 12 million factory workers
  • “You can successfully sustain a cold war with China without global partnership” – David Friedberg
    • Trade creates wealth but it also creates interdependence
      • The US should manufacture key products such as medicine and defense weapons in the states, produce apparel, toys, and other leisure items in other countries 

The US Needs To Act

  • The US needs to support energy independence which will require subsidies
  • “We have to double down on creating a completely independent food supply inside the United States” – Chamath Palihapitiya
    • The US needs to have the capabilities to provide food for 300+ million Americans
      • Companies such as Beyond Meat and Impossible Foods are helping make that happen
  • There are critical technology inputs (5G chips, lithium, etc.) that should be made in the US
  • The one good thing about a Cold War with China is that it might unite both political parties

When Will Schools Reopen?

  • “If you follow this, this is a political decision right. It’s not a scientific decision.” – David Friedberg
  • For a health standpoint, COVID is much more dangerous for elderly people than kids
  • Virtual learning or being homeschooled can be hard for kids because you’re taking them away from their best friends
    • “We’re going to impact an entire generation of kids” – Chamath Palihapitiya 
  • Jason plans to create a mini-school by hiring a teacher and limiting the class to 3-5 kids

Additional Notes

  • “We have scared the American economy and we don’t know the extent of our injury” – Chamath Palihapitiya 
  • Jason, David, David, and Chamath all believe Biden will win the election
    • “People are not voting for Biden, they are voting against Donald Trump” – Chamath Palihapitiya 
      • If Trump wants his debate with Biden, Friedberg says Biden should ask Trump to first release his tax returns
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Notes By Alex Wiec

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