Tap to unmute

How Did America Go “Adrift?” Scott Galloway Explains | Amanpour and Company

Share
Embed
  • Published on Oct 2, 2022
  • While the current social and economic crisis in the United States seems complex, our next guest believes it can be fixed. Marketing professor Scott Galloway examines the future of the country in his new book "Adrift: America in 100 Charts." He joins Hari Sreenivasan to discuss the implications of a shrinking middle class.
    Originally aired on October 3, 2022.
    ----------------------------------------------------------------------------------------------------------------------------------------
    Major support for Amanpour and Company is provided by the Anderson Family Charitable Fund, Sue and Edgar Wachenheim, III, Candace King Weir, Jim Attwood and Leslie Williams, Mark J. Blechner, Bernard and Denise Schwartz, Koo and Patricia Yuen, the Leila and Mickey Straus Family Charitable Trust, Barbara Hope Zuckerberg, Jeffrey Katz and Beth Rogers, the Filomen M. D’Agostino Foundation and Mutual of America.
    Subscribe to the Amanpour and Company. channel here: bit.ly/2EMIkTJ
    Subscribe to our daily newsletter to find out who's on each night: www.pbs.org/wnet/amanpour-and-...
    For more from Amanpour and Company, including full episodes, click here: to.pbs.org/2NBFpjf
    Like Amanpour and Company on Facebook: bit.ly/2HNx3EF
    Follow Amanpour and Company on Twitter: bit.ly/2HLpjTI
    Watch Amanpour and Company weekdays on PBS (check local listings).
    Amanpour and Company features wide-ranging, in-depth conversations with global thought leaders and cultural influencers on the issues and trends impacting the world each day, from politics, business and technology to arts, science and sports. Christiane Amanpour leads the conversation on global and domestic news from London with contributions by prominent journalists Walter Isaacson, Michel Martin, Alicia Menendez and Hari Sreenivasan from the Tisch WNET Studios at Lincoln Center in New York City.

Comments • 1 323

  • Marilyn Howard
    Marilyn Howard Month ago +300

    A stable healthy middle class is vital to having a thriving society.

    • Diane Sparkle
      Diane Sparkle 19 days ago

      @Mellie that's actually changing!

    • Mellie
      Mellie 19 days ago +3

      It's obvious yet most Americans and Brits vote against their best interests and continue to do so. We have become complacent and allowed politicians to lie to us and we do nothing but elect them again! Why we do the same thing over and over again is quite insane.

    • Diane Sparkle
      Diane Sparkle Month ago

      @Andre Coleman you have to have lots of money for THAT GROUP to care about you!

    • Andre Coleman
      Andre Coleman Month ago +1

      @tammy burke Same here, Sister. I lost $250 thousand in real estate in 2008 following people who said they had my back.I thought I knew what I was doing. I didn't. I lost everything. I finally have a decent job but I'm 63 and have nothing but this job. Nothing. I've been working since I was twelve and I'm tired. I'm worried. Now a certain group wants to cut social security or eliminate it totally. But what about me?🤔 I paid for share.

    • MTMG
      MTMG Month ago +2

      The health, wealth, and power of a country is determined by its middle class.

  • Rndmflw
    Rndmflw Month ago +256

    I am glad someone is finally getting these issues out in prime time. Thanks Scott Galloway. Excellent interview. Thank you.

    • Angela Cooper
      Angela Cooper Month ago

      @James Dolan Thank you so much for that, James 😊 It’s much appreciated ❤️🙏🏻😊

    • James Dolan
      James Dolan Month ago +1

      @Angela Cooper Kudos to you Angela. If you don't mind me saying, you are probably the exception, not the general rule.

    • Angela Cooper
      Angela Cooper Month ago

      @James Dolan Turning off their phone and picking up a book would be a good start. Also sitting quietly to meditate to focus on themselves and the best next step forward would be greatly beneficial.
      I know what it is to be that person. I had a lot of internal work to do to figure out how to get on track and move forward. But that’s a personal choice, and I had to really go deep and retrain myself to not see myself as a victim (super easy to fall into that gorge). Once I took responsibility for my part in the negative experiences of my past (and they were BIG), learned to disengage from emotional reactivity (from both myself and others), I grew more and more grateful for everything that is so, so good in my life. I don’t give a hot hoot what celebrities do or don’t do, but dammit…I canNOT quit watching those cat videos. Gotta get your kicks somewhere…😉 But it IS a personal choice to get yourself out of a bad situation. I certainly didn’t deserve the BS that I’ve had to wade through and heal from, but it’s only made me a better mom and person. Gratitude and intentionality go a long way. ❤

    • GMW
      GMW Month ago

      Even though this is supposed to be about where America went wrong, no opportunity can be missed to demonize Russia and praise mrna vaccines.
      Maybe look at the military industrial complex and the pharmaceutical industrial complex to gain some insight into where America went wrong.

    • James Dolan
      James Dolan Month ago

      @Christopher Paladin Ah, but what's to be done to bring the underpaid working poor currently doing menial jobs into the middle class? IDK.

  • J. Curtis
    J. Curtis Month ago +169

    He is so right about the disastrous effects of scientifically-refined rage marketing on our rage-addicted, increasingly misinformed, increasingly stressed, financially insecure populace. Those who have figured out how to profit by setting us at each other's throats will turn out to have been the most devastating and successful cabal of enemies to ever walk among us -- the elderly Australian fascist being the worst of the lot but still only one of many.

    • J. Curtis
      J. Curtis 15 days ago

      @Ken Branaugh I wish I could disagree!

    • Alison James
      Alison James 27 days ago

      I see we are slooooowly waking up to this. We need to take back the media en-masse. Quit fighting amongst ourselves, and target the true enemy: corporate bribery of politicians and legal corruption. Is there any politician running on this?

    • J. Curtis
      J. Curtis Month ago

      @Dave Byrne A chilling thought!

    • Angelica Freund
      Angelica Freund Month ago

      Please wake up to the fact that they are Deliberately setting us Against One Another. Get the facts...not what you are told by the far right media. We can only maintain a Democracy if we as a People are Not Divided. Don't fall into their trap.

    • Freyja Wired
      Freyja Wired Month ago

      @Dave Byrne I believe they already have for quite some time. News Room Grooming, isn't making up the same insane Q leaning conspiracies and political and personal attacks on any "other" spun into the opposition. it's pretty transparent one was taking the longer stroll to crazy town but was priming their viewers for more and more insane propaganda.
      it's been done crossed over and jumped the swamp!

  • Rosalee Fyffe
    Rosalee Fyffe Month ago +125

    Key word: accessibility. Give citizens “accessibility” to higher education and a career path and they will reach for it. Great discussion!

    • DandyLandPuff Plays Minecraft
      DandyLandPuff Plays Minecraft 8 days ago

      Here back in Canada after living in the USA off and on for years. USA residents are on edge because of the lack of capacity because every last bit of value is stripped away. Here healthcare is not perfect but not soul crushing problem as in the US. There are plenty of trades jobs that pay high school graduates 6 figures. Public schools include lots of exchange students from wealthy families overseas.

    • David Quinn
      David Quinn Month ago +1

      It's already accessible. You can start at community college, open admission and very cheap, and then transfer, even to UCLA. 4 year colleges see CC transfers very kindly. Or go to another campus. UCLA is crowded past the breaking point, not everyone can go to that one or those few old colleges!

    • Christine Fury
      Christine Fury Month ago +1

      @macgp44 well stated! It’s been decades in the making.

    • macgp44
      macgp44 Month ago +3

      It's a lot more complicated than that, Rosalee. Galloway identifies many of the factors that have caused a large shift in wealth toward the already wealthy, which is also an older demographic, but I didn't hear any clear solutions. Capital gains taxes are much lower than income taxes and that's not fair, yet neither republicans nor democrats have made any move to rectify this over the last 40 YEARS. Why? Their donors prohibit it. Ditto for mortgage interest deduction and many other policies that favor the haves over the have-nots. Neither Galloway nor the interviewer talked about how to change the fact that the corporate-owned repub-dem duopoly will not do anything to change the current situation and we will continue to go "adrift". Galloway talks like he's really concerned about the shrinking middle class but his proposals don't match up. The usual "more education" recommendation is a false solution. We currently have millions of well-educated people who can't survive economically because of the high cost of housing, energy, and paying off student loans, and they pay a higher percentage of their income in federal income taxes, state income taxes and sales taxes than a millionaire does. More education won't change that.

    • Christine Fury
      Christine Fury Month ago +2

      Im tired of hearing trade schools are the solution. Unions are the solution! If your state has a “right to work” law then it makes unionizing very difficult.

  • Daniel
    Daniel Month ago +122

    About as sane an approach as I've heard. The shareholder class will fight every attempt to rebalance and rehabilitate our society as we continue to accellerate the march toward a planet that is inhospitable to human existence.

    • Tim Richardson
      Tim Richardson 25 days ago

      Makes no sense, if you have a 401(k) or an IRA then you are the shareholder class. If you don’t have a 401(k) or an IRA yet then you will in a few years.
      This is the artificial dichotomy of “rich” versus “poor”.
      Very few young people have assets.

    • rhmendelson
      rhmendelson Month ago +5

      This is a great synopsis and SO on point!

    • 1bannock
      1bannock Month ago +8

      Well spoken. In the end the shareholders class I’ll gotten gains won’t be worth a tinker’s dam when or if this society collapses due to climate change.

  • L. W.
    L. W. Month ago +315

    Reagan and others like him giving tax cuts to wealthiest and legal rights to corporations have brought about the breakdown of social care for each other.
    I graduated from California without student debt before tax cuts killed public college support.

    • Adam Jacobs
      Adam Jacobs Month ago +1

      @Scott Hullinger didnt read this either. keep writing. good exercise.

    • Scott Hullinger
      Scott Hullinger Month ago

      @Adam Jacobs - I'm employed by no corporation, and I'm nobody's traitor. But what's YOUR problem?
      You made it just WAY too easy for me to make it easy for you to tell me to fuck off. Positively GRAND!

    • Adam Jacobs
      Adam Jacobs Month ago

      @Scott Hullinger nit reading this. youre a corporate tool abd oartisan traitor.
      fuck off

    • Scott Hullinger
      Scott Hullinger Month ago

      "the concentration of power and the subjection of individuals will increase among democratic nations...in the same proportion as their ignorance " - - Per Adam Jacobs, further up above ...
      Well well well ... Tell me, Adam Jacobs ... what are the current vile results of "the proportion of their ignorance" of the current Democrat party? Those results are blatantly obvious, and are staring you in the face. So tell me, what the hell are they?
      WHO is currently being subjugated? I'll tell you - American citizens who elected idiot Joe Biden, you and yours.
      We are ALL being subjugated via evil works . . . and also via blatantly militant stupidity.

    • Scott Hullinger
      Scott Hullinger Month ago +1

      @Adam Jacobs - You're the only guy in America who would call a tax cut a curse. You're stupidity is seriously way off the scale. OF COURSE a society should be egalitarian, but your way of defining "equality" and your method of achieving it is beyond insane. Hey, and tell me why the hell we should be egalitarian if it does not mean - your words - that everyone has the same amount income. I don't give a shit what the goals of Socialism or Marxism are. But if neither one results in improvements for citizens on a personal level - which is very true of both of them - then there is no reason whatsoever to implement them. NO SOCIETY on earth has ever survived admirably with Socialism or Communism. How would you like to have the extremely his tax rates of Scandinavia? And those nations barely have a defense budget like the USA has always had. And don't forget - The USA uses our military ONLY for self defense, or in concert with the self defense efforts of other worthy nations.
      Administrations like Joe Biden's are specifically designed to divide citizens. Biden gives people reasons to fight, and then he's stupid enough to be the referee to watch over the problems which he is responsible for creating in the first place! Example ... ?
      Our current shitty economy! Biden created it, and it was NOT by accident. Biden takes a shit on us ... and it was NOT by accident.
      This sure as hell ain't a case of ... "Oops? Sorry folks, I made a little mistake there."
      EVERY single measurable thing under Joe Biden is FAR WORSE than it was during Trump's tenure.

  • Andrea Daerice
    Andrea Daerice Month ago +49

    More great content from Amanpour and Co.! This is such important information, I'm glad someone is airing it. Hari Sreevnivasan is an excellent interviewer. I always enjoy his work.

    • tony garcia
      tony garcia Month ago

      Amanpour is a Socialist. A mixed message by Galloway

    • kt
      kt Month ago

      Hello beautiful lady you look sweet, where are you 🥰?

  • David Schilter
    David Schilter Month ago +67

    YES! Pop culture romanticizes going to college. But as a US college professor I would guess that at least half of all college students in the US are better would have been better off going to learn a trade (vocational training). I'm not saying the Europe is perfect, but it has got that part right.

    • David Quinn
      David Quinn Month ago

      @Kayzy R why a gap year? We have many top high school students who are ready to start college right away and undergo that learning process right away, don't waste their time. And we don't make any final classification. A tradesperson can go back for an academic degree starting part-time at affordable community college, and meanwhile he or she has learned and practiced a real skill, not a "gap year".

    • Mark Pogo
      Mark Pogo Month ago +1

      Corporate America and the stock market have ruined our economy and they need to pay for it.this bs about we can't afford social welfare and programs when we give more money to them

    • Richard Dixon
      Richard Dixon Month ago

      Right on!

    • David Schilter
      David Schilter Month ago +2

      @Kayzy R Absolutely! That way we have more paths open to people, respect for trade schools, and more time for kids to decide what is best for them (unlike in Japan and some parts of Europe where it's done well before the end of high school). I grew up away from Europe and missed out on my year of social/military service, but there is definitely something to be said for 'finding yourself', especially if it's also while doing something constructive for society.

    • Kayzy R
      Kayzy R Month ago +5

      So many students are “late bloomers.” Aside from the imminent collapse of society along with climate change calamity, most people are living longer. Ideally, we’d have a gap year followed by an affordable liberal arts education before classifying everyone.

  • Lee Hoffman
    Lee Hoffman Month ago +80

    I couldn't agree more with the idea of engaging in a meaningful way with people of different cultures. What did it for me?... I worked as the Broadcast Manager onboard the cruise ship Crystal Harmony for 4 years, sailing around the world and working and living together with staff and crew members from 40 countries. I can't tell you how much that changed my life and outlook on the world. Best thing I ever did. :)

    • Angelica Freund
      Angelica Freund Month ago

      The more we travel and engage with people from other cultures/ countries it becomes obvious that they are much like us...they love their children..their families and just want a better life for themselves. The governments mostly do not reflect the people. But they all want a democracy...so we must stick together as a United People if we are going to preserve out Democracy

    • David Quinn
      David Quinn Month ago +1

      I agree that's a great experience, but that's not what he wants people to have. He wants people to be US-focused and deal with the same old social issues we have shoved in our faces already.

    • Jim Perdue
      Jim Perdue Month ago +5

      @Carol Hernon I think "wisdom" comes from intellect and experience. Book learning is great, but w/o real world experience, it's value is limited. I learned this on the job when recent college graduates were hired and they thought they knew more than those of us who had doing the work for years. Most of the time, they came to value our experience.

    • Carol Hernon
      Carol Hernon Month ago +1

      @Jim Perdue It is, I believe, but it’s anecdotal, isn’t it? I have more varied experiences & know it taught me a lot more than people I’ve known who have less experiences, ie, living in & visiting many cities around the country, but living 3 different states in the West & moving around in them; haves changed jobs & learned various professions, & not working my way up in any of them; a handful of times being in love with men different from each other; experiencing deaths of loved ones from which I sought learning from & from what emotional & psychological affects they had on me.

    • Carol Hernon
      Carol Hernon Month ago +3

      That would be very interesting to read about.

  • Elin Johnson
    Elin Johnson 25 days ago +127

    "NO RECESSION FOR BITCOIN AS U.S. GDP SHRINKS, ZIPMEX FILES FOR BANKRUPTCY "
    I saw this coming and I told my few friends about getting into crypto with me when I first started but they neglected my advise, now crypto is the only safe heaven right now

    • Eduardo Silva
      Eduardo Silva 25 days ago

      I will testify this week by the grace of God, invested £1000 as it's my first time trading with her

    • Eduardo Silva
      Eduardo Silva 25 days ago

      It's nice to see positive reviews of this Mrs Cathie Wood

    • Andrew Jason
      Andrew Jason 25 days ago

      The fact that I was able to withdraw without any issue is what I love about trading with Mrs Cathie Wood

    • Andrew Jason
      Andrew Jason 25 days ago

      I'm from south Africa, I heard about her too on RU-clip and I connected with her, right now she manages my investment and I trust my investment only with Mrs Cathie Wood

    • Mary James
      Mary James 25 days ago

      She's a great personality in the States

  • DBRising
    DBRising Month ago +61

    Just spoke with a friend who said her son applied to FIFTEEN colleges. Safety schools, geographically different schools versus home, likely acceptance, reach schools like UCLA. Thirty years ago I applied to two and was accepted. One in state, one out.

    • David Quinn
      David Quinn Month ago

      All true, but what suggestion does he have? UCLA is crowded past the breaking point already. Not everyone can go to UCLA, and you don't need to, to have a solid undergrad curriculum in most fields. What we don't need is the fluff fields that don't lead to useful skills beyond what's common sense or easily learned on a job.

    • Fred Lindberg
      Fred Lindberg Month ago +5

      Yeah, acceptance rate (accepted/applied per college) is mostly a function of how many colleges each student applies to, not of how hard it is to get in. More interesting is which fraction of applicants overall gets into college.

    • Gary Noone
      Gary Noone Month ago +2

      Same here in 1976 when I was applying. Applied to two colleges, both here in San Diego.

    • CaptainReedo40
      CaptainReedo40 Month ago +6

      This is because of exclusivity but also because there are modern systems which allow students to click-to-apply to additional schools. So just like on Amazon, a lot of the friction or hard work of filling our forms, has been reduced to one additional click, to apply.

  • Bryan Smith
    Bryan Smith Month ago +29

    Best guest in a long time. He tells the bitter truth about the hidden, and Black Magic results of social media.

    • Gladys Alicea
      Gladys Alicea Month ago

      Yes, an admitted capitalist speaks the truth. Doesn't get much better than that.

  • CalliopeLyric
    CalliopeLyric Month ago +702

    People don't realize that the disillusion that led to a Trump presidency stemmed from the disappearance of the middle class. I'm from the rustbelt & people around here work VERY hard & they've long seen the returns on that "sweat" investment diminishing. It's nice to see economists (other than just Robert Reich) talk about what we've all been seeing for decades. And when the powerful ignored the plight of the majority of the population, that population lost faith in our leaders. A lot of them felt like Trump was an outsider who actually cared about them. Of course, they were wrong. Trump only cares about Trump. But, it was that disillusionment with everyone else which gave Trump an opening. So, ultimately, if you want to end Trumpism, you need to actually hear what the would-be-middle-class has been trying to tell Washington for decades.

    • T. Dmytryshyn
      T. Dmytryshyn 3 days ago

      @kristi schrittwieser And whose fault is it that the middle class is on the decline? You can go right back to Reagan and trickle down economics. That policy made the rich much richer and it decimated the middle class because that money never trickle downs. The rich stick that money into off shore accounts or the buy back stock and their employees and the rest of the economy don't see a cent.

    • kristi schrittwieser
      kristi schrittwieser 4 days ago

      @Linda Lee I disagree. I think the country was ripe for Trump. We have a sinking middle class and a huge demographic change. He new how to talk to the ppl. Hilary Clinton didn't even go to the Midwest. You are wrong a happy country does not invite in Trump. America first sounds good to millions who have lost their jobs. America has had millions of middle class fall through the cracks in the past ten years at the same time China has actually brought billions into their middle class. They have a thriving middle class similar to what the US had in the 50s and 60s. Each president Democrat and republican has increased the pay gap. Oddly enough Obamas presidency saw the largest pat divide out of every president. They are all war mongers and wealthy. They can't even fathom to know how most of the country lives. I think it's over for the middle class. You can't turn around 40 years of chipping a way at one group. The pandemic has hit the middle class and poor quite badly. Upper middle class and up will enjoy America the rest will struggle. No one is turning this around

    • kristi schrittwieser
      kristi schrittwieser 5 days ago +1

      Of course nobody like Trump is elected into office with a happy country. Every president has ignored the middle class both republican and democrat

    • Kat Deluxy
      Kat Deluxy 5 days ago +2

      Thanks to republicans and trickle-down economics and only helping the rich. These people keep voting against their interests, then become disillusioned and then get mad at the wrong person

    • T. Dmytryshyn
      T. Dmytryshyn 7 days ago +1

      @BusterBrown And the Republicans worship him like a god. And what a mess he made of things. His policies decimated the middle class. He brought in trickle-down economics that benefited the rich and dropped the standard of living for everyone else. We never used to see the separation of rich and poor that we see today.

  • Erik The Viking
    Erik The Viking Month ago +63

    Companies would rather spend their money on stock buybacks to artificially prop up their share price for bonuses instead of investing in R&D.

    • Idonea Mycheldever
      Idonea Mycheldever Month ago +1

      Yes, and the R & D are funded by the American people and they should see a share of that wealth when the final product is then privatised. It's as if the government has been allowing corporations to steal the wealth of the American people since the 1970s.

    • Bernard Barry
      Bernard Barry Month ago

      Yeah doing it for bonuses should be regulated but there’s nothing wrong with buy backs in principle. Not every company needs more R&D. Returning capital to shareholders means they can put that capital at a company that does need R&D.

  • Karen Abel
    Karen Abel Month ago +32

    Excellent interview of one of the smartest professors of our times.

    • Jon Stone
      Jon Stone Month ago

      Are you kidding? That doofus actually said "the US government is the most noble organization in history." I went back and listened to him again to make sure I heard right. There are lots of people in other countries who would dispute that ridiculous claim.

    • samuel glover
      samuel glover Month ago

      Who thought Michael Bloomberg would be the best choice for president. Right. Galloway's major talent is hyping himself and his inane books.

  • Philip Comer
    Philip Comer Month ago +29

    Scott is the man! Excellent interview and points! No doubt that we need to reform our education system to provide affordable, equitable access to education to young people. A country cannot afford to have uneducated, frustrated, disheartened citizens who have so much to contribute to society. An educated person contributes to society rather than burdens it. It is the unremarkable citizen like Scott who in the end surprise us and become remarkable.

    • David Quinn
      David Quinn Month ago

      It already is affordable and accessible. But not all the colleges are called UCLA, and he thinks everyone should go to UCLA, or something.

    • Becca_SoCal
      Becca_SoCal Month ago

      Completely agree! An uninformed, undereducated or uneducated (bc we’re not doing a good job of educating people who migrate here, which Germany is good at) is a citizenry that can be manipulated, exploited and are subject to being steered by populist leaders in the wrong direction. Further, undereducated people typically vote against their own interests bc they don’t understand what they’re voting for and how their government works. Not good for us.

  • Adam Marshall
    Adam Marshall Month ago +78

    Man, Scott Galloway has a lot of good ideas.

    • Becca_SoCal
      Becca_SoCal Month ago +1

      He really does! I just bought his book. This is the kind of person, American, thought leader I want to support 😊

    • tony garcia
      tony garcia Month ago

      Ideas yes, But no platform. How about running for office and putting his head on the block like Trump did for all of you leftists on the site to blame him and Reagan instea of the Global society New World H Bush and cronies are responsible for

    • rhmendelson
      rhmendelson Month ago +4

      Right?!! I like how pragmatic and optimistic he sounds. It’s a breathe of fresh air!

    • Jim Hazel
      Jim Hazel Month ago +3

      His ideas are not necessarily new but Galloway is really good at connecting the issues, trends and facts in a more positive way. I have long felt or known most of what he is saying but could never in million sick days on a computer make that much sense of it.

  • Clara Bow
    Clara Bow Month ago +71

    The downfall started and continues w/ Reaganomics and the trickle down theory of economics. Next time you see a homeless person go shove a bunch of money in a rich person's mailbox and see if it helps a poor person.

    • Angelica Freund
      Angelica Freund Month ago

      I seriously believe this has been the agenda in this country longer than that. The rich have been manipulating their control for hundreds of years in this land.

    • tony garcia
      tony garcia Month ago

      Oh BOY!

    • Gladys Alicea
      Gladys Alicea Month ago

      So true, and. once Reagan fired all the air traffic controllers, which they were sure wasn't going to happen, it became a free-for-all on labor unions. Once a huge part of the middle class, they don't exist anymore. Amazon recently fired 50 unionized employees because they wouldn't work inside a warehouse on fire.

  • J. M.
    J. M. Month ago +46

    This is so true and at the same time so depressing, my wife and I are Health Care professionals in our sixties with just a middle class income so we're not wealthy at all. But at least our modest home is paid for we drive older cars that are paid for and we have a fair amount of savings but of course most of that is in index stock funds or bond funds so that's always at risk. The good news is we have enough money to buy a small house in the mountains of Costa Rica and plan to be living there full-time before the next election in 2024. I don't see the US going anywhere but down, and I feel bad for the younger generation who are getting screwed by Rich folks. The really bad news is that we are headed towards global ecological and economic collapse in less than 10 years and then we're all screwed...

    • Ken Branaugh
      Ken Branaugh Month ago +1

      Nice

    • Albert Seligman
      Albert Seligman Month ago +3

      @Jane Delaney It's complicated! I bought a nice house outside of Cordoba AR before I retired. I left the US and fixed it up nicely, and just then the President died in office and his wife,Christina Fernandez, took over. She instituted currency controls, so I could no longer withdraw money from my US accounts in AR. So I sold the house and left for Chile, because I like the pacific better than the atlantic anyway. So all's well for over 10 years until the second Piñera administration, and he throws the country into turmoil and completely mishandles Covid. We could only leave the house for 2 hours at a time twice a week for months. So as soon as I could, I left for Spain with some friends, where I am now.

    • Jane Delaney
      Jane Delaney Month ago

      @Albert Seligman Where did you go?

    • Jane Delaney
      Jane Delaney Month ago

      @Gladys Alicea Where did you end up?

    • Albert Seligman
      Albert Seligman Month ago +2

      @Gladys Alicea I left in 2008, best thing I ever did too.

  • TruthIsFree
    TruthIsFree Month ago +13

    Excellent interview - these points are all dead on. As an early Gen Xer, I never quite understood why America shunned the age old notion of mentorship of the next generation and switched to exploitation, but I experienced this throughout my career. Galloway mentions how barriers were set up using education as a hurdle instead of a launching point, but there is another aspect to this as well: Certifications. I find it stunning how many certification have been created in the last fifty years which do nothing but prevent people from easily switching career tracks. There was nothing quite as frustrating as interviewing for a job (which I was overqualified for to begin with), only to be barred entry due to some obscure certification. Also, I totally agree with his point about Americans treating each other as the enemy. I am floored to regularly see (especially right wing) people who have nothing but hate towards their neighbors, while simultaneously believing propaganda from a proven tyrant (Putin).

    • Mr Messenger
      Mr Messenger 2 days ago

      Really strong points here.

    • dino0228
      dino0228 25 days ago

      @Objective Truth I think the whole topic is too simplified. Of course, most people are friendly at a one-to-one level. But we are at a point as a country where we can easily descend into a messy, unofficial civil war - in no small part because of the Republican strategy to win no matter the cost, for their bottom line: to keep the wealthiest wealthier. The GOP should have imploded by now through sheer numbers of people who are not among the wealthiest. But half of America hasn’t figured that out yet; instead, they’ve bought into the rhetoric of the Republicans’ most powerful tool: Fox News and its ugly stepchildren on social media. To Dems, especially since the events of the past 6 years, people have to *want* (in some conscious or unconscious way) to believe the falsehoods they hear. They’ll get fired up about some fabricated “war on Christmas,” for example. They’re getting some twisted satisfaction from it. Deep down, whether they know it or not, they are likely ruled by fear and/or greed and/or racism and/or misogyny and/or just plain gullibility (at best). And that’s why Dems don’t want their kids to marry them. They can’t- or won’t- wake up to reality.

    • Objective Truth
      Objective Truth Month ago

      I hear you but I hesitate to guess who hates who more. He stated that 54% of democrats would not let their children marry a republican. I’m sure that stat is higher than the other way around. My son-in-law refuses to even become friends with his next door neighbors who are the same age and have child same age as his because they are republican. By the way, my wife and I know the neighbors and are friends with them and they are super nice.

    • X vonPocalypse
      X vonPocalypse Month ago +1

      Zelensky is a vestal virgin?

  • guru47pi
    guru47pi Month ago +18

    I love how direct he is in saying "my profession, my generation, my business field, and my tax bracket are fucking over everyone else. This isn't working for everyone else, we need to change this." Very refreshing to get honesty and solutions!

    • samuel glover
      samuel glover Month ago

      That must be why he thought that Michael Bloomberg should be president. Galloway's always been full of $hit.

  • Joyce J
    Joyce J Month ago +25

    I just read Evil Geniuses The Unmaking of America by Kurt Andersen and it goes into detail of how and why this has been happening. It was the conservative response to the freedoms of the 1960's and a very enlightening book.

    • Barbara Smith
      Barbara Smith 27 days ago

      "Excess of democracy" 1960s according to those who didn't like it.

    • Tommy. Bee. .
      Tommy. Bee. . 28 days ago +2

      Yes..go to the Library ..
      Chapter 10..Raw Deal..1980s..

    • Llywelyn Gruffydd
      Llywelyn Gruffydd Month ago

      Yes neoliberalism came out of the 1970s as a response to the politics of the 60s and the antiwar movement and captured the Republican Party with Reagan. But did the book explain how the same ruling group captured the Democratic Party in the 90s with Clinton? That seems to be the part that mainstream Democrats are confused about.

  • Christine T
    Christine T Month ago +32

    One of the most intelligent and valuable conversations I've heard in a long while.

    • Christine T
      Christine T Month ago

      @Ken Branaugh Several things are going on in the U.S. simultaneously. First, we are a well-trained population but an undereducated one. Starting with Generation X (me), we've been taught to push buttons, compute numbers, and inventory trinkets but not taught to think, which accounts for the second problem: political "leadership" - lol. Our political representation reflects us: overly simplistic, singular-minded, and fearful. We aren't voting for well-rounded thinkers because we're not that. Our politicians desire status and money; hence they're more interested in taking $$ from corporations and political PACs versus doing what is best for their constituents and their country. Finally, we're a relatively young country compared to many others worldwide. You would think (no pun intended) that we would look to past histories of other nations to learn and do better. Nope. So that's that. One thing about human nature, though... once we hit rock bottom, we tend to course correct, but we must endure a lot of pain before anything like that happens. I honestly don't know what or where our pain threshold is in this country, but we're about to find out.

    • Ken Branaugh
      Ken Branaugh Month ago +1

      Why is it so rare to hear a good speaker in this country? Is it that hard? Or is there some sickness in the culture? All I see on tv is Kelly Clarkson re runs when I turn the TV on. It really is a horror.

  • Mr. Bill
    Mr. Bill Month ago +35

    Very bright guest. We need more in media to pursue these issues discussed.

  • ninemoonplanet
    ninemoonplanet Month ago +40

    The US economy is likened to a tree, put the value into the roots, apprenticeship, skills training, and the real value of people like teachers, and the tree springs to life. Top load the tree by allowing all riches to be at the top, the tree falls over.
    People need to find ways to excell, as carpenters, as workers, as other occupations outside IT. Not everyone has an interest in computer coding.
    Value the productivity with appropriate wages, starting at $23/hour for "unskilled" work. Actually there's no such thing, but it's a labor market box.
    Capital gains should be taxed, especially over a certain threshold, so that money will go to better schools and teachers so the country gains a bett future.
    Top heavy trees fall down, break, frequently die.

  • Martin P
    Martin P Month ago +19

    I am an American retiree in Southeast Asia. While Social Security may be a huge wealth transfer to the older generation it is curious to see so many of them seeking to live outside the US because that SS doesn’t amount to much and America has become unaffordable for them.

    • abc68099
      abc68099 Day ago

      Yes, I resent SS being called a "wealth transfer" as if it is "an entitlement". It is pooled taxpayer money. No one whined when those of us who are baby boomers were putting money in that pool. Makes me feel uncomfortable.

    • mart2020ful
      mart2020ful 7 days ago

      One trouble is, is that millions of people on ss were unable to put money away for a retirement. That's why it was created in the first place.

    • Da Lor
      Da Lor 23 days ago +1

      Same here. I retired at 66 but calculated I would have to work until age 75 to live at the same level we now live in Thailand.

    • J K
      J K 25 days ago

      The age should've been raised decades ago.

    • David Radtke
      David Radtke 28 days ago

      It was enough for grandma…until going to a nursing home. Ate up at her savings, insurance, home equity etc.

  • Kirk R
    Kirk R Month ago +8

    This guy is great, he speaks intelligently about real problems. Keep going, Mr. Galloway!

  • VGER
    VGER Month ago +73

    Universal health care and universal mental health care would go a long way to relieving stress on the American people so that we can focus on rowing in unison.

    • Autumn Aarilyn
      Autumn Aarilyn 29 days ago

      @Sukhbir Sekhon No, just ban drugs and controlled substances and tie it to religion and nationalism. If somebody does need a rescue, I'd consider a "soft lien" payment plan to pay it back. I wouldn't force a foreclosure on their property but weekly payments in perpetuity until paid off. Pot smokers for years have had the "hippie stereotype" and just reinforce the pothead as someone who wants to be high when everyone else is busting it at work.

    • Sukhbir Sekhon
      Sukhbir Sekhon 29 days ago

      @Autumn Aarilyn
      Are you going to ban mountain climbing or any sport because they all carry some element of risk to life and limb which means they'll have to use health services. Would you ban sugar or any foods linked to heart disease. And are you going to ban old age which is the major cause of health problems. I can't quite envision the world you seem to want.

    • Autumn Aarilyn
      Autumn Aarilyn 29 days ago

      @Sukhbir Sekhon I've heard of prohibition and your gonna have to enforce these bans with more police. I'm not a libertarian; I'm conservative/authoritarian.

    • Sukhbir Sekhon
      Sukhbir Sekhon 29 days ago

      @Autumn Aarilyn
      Have you even heard of the prohibition era in usa? Do you call call yourself a libertarian BTW?

    • Autumn Aarilyn
      Autumn Aarilyn 29 days ago

      @Sukhbir Sekhon Yes, marijuana related items by prescription only. Alcohol and tobacco should be considered the same legal status that marijuana formerly was. Misdemeanor to sell and violation on first offense of possession. No cashless bail for illegal sale!

  • Cher Piette
    Cher Piette Month ago +93

    greed of the mega rich is drastically reducing the middle class.

    • Steve Chance
      Steve Chance Month ago

      And stupid people vote for the Party of the Rich because they (wrongly) believe that they will one day be rich.

    • TrumpstersAreTurds
      TrumpstersAreTurds Month ago

      ABSOLUTELY

    • kt
      kt Month ago

      @J W This is not tinder bit she's beautiful as well

    • J W
      J W Month ago +1

      @kt Is this Tinder? 😂

    • kt
      kt Month ago

      Hello beautiful lady you look sweet, where are you 🥰?

  • Guardian Angel
    Guardian Angel Month ago +9

    Fascinating analysis. Prof. Galloway never disappoints.

    • Bill Vegas
      Bill Vegas Month ago

      Meh, George Carlin said all this 20 years ago. He's Capt. Obvious to me. Not to mention he avoided the real problem... corruption.

  • Marilyn
    Marilyn Month ago +1

    I’m so glad to hear realistic and practical ideas and solutions for today challenges. I’m in agreement and feel the need to work on this locally.

  • grace cuneo
    grace cuneo Month ago +12

    Professor Galloway you get an A++++ on the assignment. I love and listen to the Pivot podcast (People should subscribe if they haven't already), can you just tell Kara to stop interrupting so much? Haha. Thank you for the countless gems and pearls of wisdom!

    • Dave Byrne
      Dave Byrne Month ago

      I think the interruptions are crucial. Get him to slow down and take a breath. His own podcasts are just so difficult to absorb as they just gush for 30 mins without a breath. They are exhausting. Pivot has the balance just right.

  • E
    E Month ago +1

    "Adrift" sees the forest through the trees. It really does appeal to liberals and conservatives alike. It's a a very compelling and interesting analysis of our current society. For what it's worth, I'm quite conservative and one of my best friends is quite liberal (Yes, it's an unusual friendship these days, but I cherish it.) and we are both new fans of the book and author.

  • Dale Nielsen
    Dale Nielsen Month ago +16

    Brilliant. Accurate. Hard hitting.

  • kelleymckell
    kelleymckell Month ago +3

    Yes to some kind of national service and the dangers of social media. Mr. Galloway really has some excellent observations and solutions. Excellent guest!

  • Chuck Kottke
    Chuck Kottke Month ago +20

    This is somewhat convoluted, but I think what is at the root of our problems is the need for a government where we all count, not one bought and paid for during every election cycle by the investor club in the 1%. Missing from our constitution is the essential right to fair elections, including the ability to limit money pouring into campaigns, because whoever pays in has the tax legislation written for them, along with everything else. All rights are guaranteed by our government, but if that government is controlled by a wealthy minority, it cannot guarantee rights protections whenever those rights interfere with the desires of the 1%. So is money free speech, or does money ultimately stifle the speech of most Americans? First comes the right to a fair elections process, essential to ensuring honest government that can then protect speech, press, assembly, economic equity, and so forth. 🗽🇺🇸

    • Ann Bunting
      Ann Bunting Month ago

      @samuel glover Your comment suggests that you have different information - please offer that ?

    • samuel glover
      samuel glover Month ago

      Blithely skipping over essential facts is a Galloway specialty. It's distressing to read the comments and see how many people are charmed by this self-promoting professor of shilling.

    • Joe Vignolo r4u
      Joe Vignolo r4u Month ago

      You make a good point. I kept waiting for Scott Galloway to say this but he never did. The rich have weaponized the political system against everyone else. And the rich have also weaponized the legal system against everyone else. The rich can afford to buy lots of politicians and lots of lawyers and the rest of us can't. They get favors and accommodations average people don't get because we can't afford it.

  • Mary Hoshizaki
    Mary Hoshizaki Month ago +6

    Really, really important issues. I would love to hear/see more about this.

  • Living  in the Forest
    Living in the Forest Month ago +12

    This is the most brilliant person I’ve heard in a long time I’m going to get this book he just nailed everything.

  • Kenneth Johnson
    Kenneth Johnson Month ago +1

    This may be the best channel available the internet. Thanks for so many thoughtful and enlightening interviews.

  • Griffin C.
    Griffin C. Month ago +2

    The man is a longtime Business School professor. Far as I can see, MBAs and the corporate managerial class have devastated this country by squeezing profiting out of workers, customers, the environment, lobbying, and offshoring. But please Scott, lecture younger generations on the need to hustle more. That advice definitely works at scale in your system 🙄

  • Audra Eden
    Audra Eden Month ago +13

    Watched it twice so far, there'll be more. It’s brilliant.
    Using Share Arrow above to forward this piece. It’s like driving somebody to the polls.
    Each one, teach one.
    We got work to do….this will inspire.

  • KesArt
    KesArt Month ago +9

    The disconnect between the actual practical worth of work to society and the actual rewards obtained for various kinds of work should appall Americans. Those who feed the nation, care for its children, heal its sick, educate its youth, etc., will likely never accrue the kind of wealth realized by A-list movie stars, "supermodels," the top one percent of "influencers," top-tier male athletes and the CEOs of mega-corporations. Yet were the very survival of the United States at stake, which group would be absolutely necessary and which could be jettisoned and the nation still survive quite well?

    • KesArt
      KesArt Month ago +1

      @Tom Birney I couldn't agree more: I retired early to help raise my granddaughter and I would not trade the time I spent--and continue to spend--taking care of her for all the riches of America's Silly-Cone Valley.
      Cheers

    • Tom Birney
      Tom Birney Month ago +1

      @KesArt. Agree with ur "Those who feed...care...heal...educate..." I am certain that in the US compared to entire world population is still amazingly elite. Black and Brown grandparents still care for their grandchildren not ONLY because the expense for corporate child care is out of reach, they do it for themselves to add meaning in their lives. Very wealthy white grandparents sit in luxurious Retirement Compounds with activities directors and memory care and temporary rehab wings on site. They are on the whole, more depressed and slip into permanent memory care units compared to their Black and Brown compatriots.

  • Sonia O'Neal
    Sonia O'Neal Month ago

    Thank you for a substantive discussion. I thinks it could help if the mainstream media present episodes of Civic education/ information rather than repeating outrageous sound bites and subtitles that sullen the minds of listeners.

  • Brian
    Brian Month ago +8

    Man this guy gets it . He makes so much sense.

  • Larraine Mac
    Larraine Mac Month ago +4

    Amazing discussion. This guy is great.

  • Alexander H
    Alexander H Month ago +33

    My suburban school system is obsessed with academic programs, awards and prestige. In the meantime, the behavior problems are rampant and so is depression in the students and parents.

    • David Quinn
      David Quinn Month ago

      So do you think the most academically advanced, who rarely get in trouble, are causing others to misbehave? Are those others mad that some kids are better in academics than they are? They'll have to come to terms with it and find their own areas of strength. For some it will be trades, not academics. Maybe we should have more tracking so that a bunch of the kids in the HS don't get so frustrated, because we must not hold some kids back to soothe the rest.

    • Becca_SoCal
      Becca_SoCal Month ago

      And that’s exactly the problem. They’re causing our country extreme long-term damage. What will help is if each of us don’t fall into this thinking and frankly express your thoughts otherwise amongst your friends and those people you’re close to.

  • Linda Thompson
    Linda Thompson Month ago +4

    There are many circumstances that do not fit your data. Social security is a scheme we put in place where folks contribute and then get repaid at the time of retirement. Be careful that older folks are not blamed. Years of government policy and actions have created this mess. With such divided devotion to so much one sided media and talk fests online and on radio. I like your analysis. Good, balanced overviews of our issues is so important. I hope your optimistic view turns into some wise moves, as you articulated. I agree with your ideas , making community could make a huge impact in many areas. Thank you for doing this.

  • Angela Cooper
    Angela Cooper Month ago +1

    This. THIS! Wow, what a fantastic conversation. If we as a collective can move in the direction that this author is suggesting? Right there…there’s the glimmer of hope. Definitely going to pick up the book, and thanks for this interview. Quite literally this was a great way to start off my week. Thanks again. 🙏🏻😊❤️

  • terriej123
    terriej123 Month ago

    When even this man is saying this, & saying it clearly with receipts & all, you know that the problem has become dire & undeniable. I hope that Mr Galloway’s writing will move the people whom it’s intending to move. As we desperately need for that to happen. I just gotta say though, for all the talk of bootstraps, it sure seems like what these old folks have wanted all along was for their kids & grandkids to have little choice but to need them.

  • Erin Devine
    Erin Devine 28 days ago

    As a college professor, I can speak from experience: everything he is saying with regards to how we should overhaul higher education and create more accessible avenues to alternative opportunities like apprenticeships is dead on correct.

  • Time4Peace
    Time4Peace Month ago

    This is spot on.. after the social platform infested our social networking, people are more than ever are suspicious and defensive to each other. Division and isolation is stronger than ever. This is all done on purpose ... to weaken us as a country... desperation creates willing subjects. So sad. We are all too happy to be depend on technologies, this has got us no where. Morals, virtues, and philosophy has nearly disappered. We need healing from within and stop watching so much TV! Get off social networks! Boycott these monsters

  • Source
    Source Month ago +3

    Finally someone who has the answers that makes sense. 🙏🏻👏

  • Irene Swain
    Irene Swain Month ago +12

    Great to hear solutions and good ones!

  • Kevin Chen
    Kevin Chen Day ago

    Scott Galloway. This literally lifted my spirit to the highest it's been all year. Thank you!

  • Jay Umble
    Jay Umble Month ago +1

    This interview is incredible and everyone in America should hear this. Sobering on so many levels.

  • rabukan 58
    rabukan 58 Month ago +62

    Galloway is pretty much right on, but when he says that SS is a transfer of wealth from younger to older generations, he neglects to say that this is because Reagan and Republicans pushed 401K’s over corporate pension programs in the 1980’s and have destroyed the pension system that used to work so well. Now, the elderly rely on SS much more than they used to as most middle class retirees have no other sources of income and cannot afford to live just on their SS paychecks. 401K’s have been a disaster as most Americans have no idea how to manage their pension funds. And after paying into SS for their full working lives, older Americans have to get a return on what they paid out for some 40 years. The problem with SS isn’t the elderly withdrawals, but the lack of taxation on the wealthy and corporations to help pay these system costs.

    • John Burns
      John Burns 27 days ago

      Then push that helped create the 401K disaster can be traced back to Nixon's time. That was when the masquerade began.

    • patricia campbell
      patricia campbell Month ago +3

      exactly he completely omits the neo liberal policies that created all of this

    • rabukan 58
      rabukan 58 Month ago +7

      @David Powell I voted for Reagan the 1st time because Carter drove the debt up from 600 billion to 800 billion in 4 years. It took 200 years to get to 600b, and Carter raised it by 1/3. But then Reagan came along and raised it fro 800b to 2 trillion in 4 years! I did not vote for him again. When he left office, the debt was 3 trillion and we went into recession. I was an Economics student at the time. Except for HW, who did raise taxes and lost because of it, Republicans have been a disaster economically for the poor and middle class.

    • David Powell
      David Powell Month ago +4

      Reagan's economic policies were viewed by many as revolutionary at the time. Individuals wood have "freedom" to make their own decisions, etc... It has not worked out well for many. Certainly not "trickle down" economics. Wage stagnation is the story of my working life.

    • Chris B
      Chris B Month ago

      Galloway looks at the picture through his lens of a privileged white man. Does he really think social security was funded by older folks in the 1950s, 1960s, 1970s, etc? Of course not. He's got his point to support.

  • Scott Haley
    Scott Haley Month ago +3

    Spot on, Kudos! Our society has become atomized, & High Tech is a big reason for that. Gizmos have replaced relationships and meaningful group interactions of all kinds. The Education profession is making things even worse. A paradigm shift is needed ASAP.

  • Christina Olds
    Christina Olds Month ago +4

    I have many friends in Germany, England, Belgium, Australia, and New Zealand. Half of them went to college to become "professionals" and half of them went to schools to become apprentices in their chosen trades, whether construction, auto mechanics, electricians, graphic designers, plumbers, aviation technicians, etc. They were able to choose their education paths by the time they were juniors in high school. This seems so brilliant to me. We need trade schools! And how wonderful it would be if we had a national work program as he described! I wish I could get my Republican friends to watch this interview but, alas, the majority of the ones I know would discount it the moment they see the "PBS" logo. What a damn shame. I'm incredibly worried about America right now.

    • phiksit
      phiksit Month ago

      The "right" has no interest in solving problems... only holding, controlling and concentrating power and wealth.

    • kt
      kt Month ago

      Hello beautiful lady you look sweet, where are you 🥰?

  • Samantha Ball
    Samantha Ball Month ago +1

    As someone getting older (thirty-one) I will never understand “closing the door” on the people behind you. I go out of my way to help and celebrate the success of the younger generation- I feel pride in them succeeding…. Damn shame more don’t feel the same.

  • Terry Dillon
    Terry Dillon Month ago +25

    Hey, I am a senior I only earn $ 1125.00 a month which is my social security and a tiny little pension. I spend everything on groceries and rent. A friend gave me a deal on rent, or I would be in deep trouble. I stopped taking my medications , they probably were not good for me anyway. Maybe 1 was helpful. I only took 2, thank heaven. I don’t have a Primary care doctor, They stress me out. I go to minute clinics. They treat you with respect. There are many like me out there. But I am grateful for what I have.

    • Sydni Moser
      Sydni Moser Month ago

      At your income bracket you are eligible for Medicaid along with your Medicare which will allow you to pay very little for your drugs and all your medical needs. You should not forgo your needed meds!

    • Karen L
      Karen L Month ago +5

      Glad to hear you appreciate what you have. But you deserve more after a lifetime than just making it by. We should do better as a whole.

    • samuel glover
      samuel glover Month ago

      Galloway says you're a looter and a deadbeat. Consider the source.....

  • Summer
    Summer Month ago +4

    Thoughtful analysis, “What’s the point of all this if our kids are depressed.” The ‘all this’ includes the fundamental tenets of American capitalism. How can we be the wealthiest nation in the world and not provide healthcare to all members of society?

    • yoga dave
      yoga dave Month ago +1

      Because healthcare is a large part of that gdp. Lol

  • David Harvell
    David Harvell Month ago +2

    What disturbes me is that this has been obvious for a long time, and we had an offramp twice. There was a candidate in the 2016 and 2020 Democratic primary who was addressing this topic directly. The response from party leadership was "how do we stop it." Both parties have embraced Reaganomics wholesale, to our detriment, and have drawn the battle lines on culture war issues.

    • Ron Wilson
      Ron Wilson Month ago

      Yes that candidate is a Democratic Socialist. Because its a system that works In Europe as well in different forms elseware.

  • Target Audience ⁿ
    Target Audience ⁿ Month ago +8

    In 1971 I walked out of High School into a UNION sawmill job in the Pacific Northwest. On day one, I earned as much as most teachers were paid. I had full healthcare paid. Full dental. Full eyeglasses paid.
    The difference between 1979 and today ??
    Is in the number UNION JOBS that went to Japan, Taiwan, then later China, India, and Mexico.
    REAGAN destroyed my UNION, fully 120,000 workers lost protection. Lost the POWER that dictated the region I grew up in.
    The billionaires that own the timberlands and Sawmills ascended while workers descended into mandatory overtime, no senority rights. Wages evaporated along with healthcare. And even more disturbing, the Rise of Psycopathic Bosses. Bosses that would have been fired OR never been promoted because UNIONS wouldn't tolerate it. Without unions the workplace is run on fear, brownosers elevate . Corrupt morals flower. Backstabbing becomes an art form.
    Milton Friedman ECONOMICS was the broom Reaganism used to SWEEP away social democracy that created the ONLY American-golden age- 1938 thru 1979.
    We imagine greatness even as the monopolists cut us up into pieces of hate, envy, militarism.
    The internet crushes SOCIAL DEMOCRACY....with simpleton rhetoric ❗
    Only the Rise of UNION POWER will tilt the scale back to fair pay, healthcare, and senority protected job.
    This u.s.a. is a cesspool compared to the 70s

    • Sydni Moser
      Sydni Moser Month ago +1

      Absolutely correct. Corporations do not pay their workers a fair wage and can get away with it. Sadly, most of these union jobs were in manufacturing, and they hardly exist in the US anymore.

  • Thunder Puck
    Thunder Puck Month ago +11

    Wow. "Trickle down doesn't work" explained perfectly.

  • Jessica Harper
    Jessica Harper Month ago +19

    Nice video from starting to ending, nevertheless as the economy crisis keep rising, one needs to have different streams of income, a well detailed diversified investment portfolio in the financial markets is needed to survive, as well as secure a profitable investment future!

    • Savoir Rare
      Savoir Rare Month ago

      Wow! This chain is hysterical. Love seeing every single account was established a year ago with 0-3 subscribers and up to 1 comment😂. It’s almost like it’s a bot network. I’ll bet the people are AI generated too. Good thing we can’t tell the difference!

    • Helen swagger
      Helen swagger Month ago

      Wow she must be genius for people to talk this good about her ❤️✅

    • Noah Oliver
      Noah Oliver Month ago

      I'm happy to see Mrs Mercy Larry mentioned, she is recognized in the society, my spouse recommended her to me after Investing £2000 and she has really helped us in times of this bad pandemic crisis

    • Daniel Garcia
      Daniel Garcia Month ago

      A friend that I referred to Mrs Mercy Larry just received €16,000 profit after 21 days of investing I became jealous....lol

    • Toby Alex
      Toby Alex Month ago

      I received my notice 2 weeks ago with no alternatives I thought my life was gonna end, until someone referred her to me, she's a real life saver

  • Jan Thorpe
    Jan Thorpe Month ago +8

    Hopeful. This is the reality. I am 72 and one of those who has fallen through the cracks time and time again. Due to unfortunate bouts of bad luck I never maintained forward motion in acquiring financial comfort. I did have 2 + yrs. college to be an early childhood asst. Did not pay or offer job security. Someone has to drive the bus which pays better. 😼

  • Myron Schabe
    Myron Schabe Month ago

    A voice of sanity! Really great! Totally agree with the service year, though I would suggest expanding it so that anybody at any age could take that service year....as I don't think young people are the problem relative to the polarization it is older people...also I know so many that kind of have a mid-life crisis and just revamping their life would be so beneficial not to mention folks that are depressed and having a hard time...just being able to do something different and engaging with other people fixing problems would be so beneficial to someone like that.

  • Higzee
    Higzee Month ago +2

    "The most noble organization in history". This actually made me laugh out loud.

  • masterchinese28
    masterchinese28 Month ago

    Dr. Galloway is always a fascinating interview.

  • Davere Tash
    Davere Tash Month ago +6

    This needs to be fixed right now because we are being suckered into death and decline.

  • das
    das Month ago

    "Downward social mobility"was thoroughly, exposited by Charlie, of the S.F.R.P. in Wit Stillman's timeless surrealist "coming-of-age" comedy _Metropolitan_ (1990) of course they were also" unappreciative or sober of their blessings " Few arbiters would submit that film, but not for lack of classé .

  • lobopix
    lobopix Month ago

    [08:57] Scott: *"What's the point of any of this if our kids are depressed and people can't find partners" and loneliness is going through the roof.* So well said. Let's get back to common human, ecologically human baselines beginning with investment in communities and their literal Life-support environment from which they can sustain themselves. One of the largest, most easily solvable problems for both local Systemic Sustainability and the mitigation of Climate Chaos, is the fact that *by far the most car journeys (70%) **_to go to work are to other neighborhoods._* Our investment in a community other than our own is reduced to a 'professional' 9-5 workday. That's it.
    If people worked in their own neighborhoods they'd have an automatic eye out on their own community's overall well-being including its services, environment (parks etc) and deterrence of thefts perpetrated by outsiders. Their children and elderly would be automatically safer. Taking care of any family problems is a walk or very short ride away. People would feel more relaxed and less depressed knowing that their loved ones, and others they care about in their locality are minutes away from them if they need them.
    It goes without saying that people don't sh*t on their own doorstep so their local environment would be maintained to the standard that they mutually agree on. All this and much more could be had if there were greater investment in local people and their communities. The benefits would outweigh the costs a thousand-fold....

  • marshall drummond
    marshall drummond Month ago

    Thank you for a meaning analysis of the “social ladder” which is often ignored. Your higher Ed criticism smacks a bit of elitism. Attendance at UCLA is not essential unless a student aspires to be a physician, attorney, dentist, actor (news anchor), etc. As president of a state university for decades I can assure you that we keep acceptance rates well over 50%, graduate legions of school teachers, allied health workers (RN’s, Lab Techs, pharmacists) engineers, etc. most of whom end up middle class. Additionally, there are over 100 community colleges in California located near to where most residents reside offering a wide spectrum of 2 year technical degrees and easy pathways for 2+2 journeys to 4 year degrees. You should consider the poor motivation of our secondary systems which mostly lack life/career guidance, setting the expectations of students towards their future lives in the Middle Class, and the pathway to achieve success. In California access to higher education is not the problem.

  • jabbermocky
    jabbermocky Month ago +9

    The finance industry forcing a murderous game of "musical chairs" on basic housing has really hurt the working people of the USA. The prices of rents and homes have skyrocketed while more and more Americans are strained to near starvation or made homeless by insanely high prices. that's just GREED. Say it. Doesn't feel very nice to admit it, eh? Older middle class people got super greedy. The majority of working people under 65 got poorer than their elder siblings while working harder for less pay. Then their kids got poorer than them. Something of a Ponzi scheme is going on. Only a few septuagenarians + are feeling "comfortable" now. Regulate greed.

    • Ian Davies
      Ian Davies Month ago

      Exactly. It’s yet another Ponzi scheme, exported to the world. The world needs basic housing, but builds for upper middle class. Huge, unproductive, unearned wealth shift.

    • ninemoonplanet
      ninemoonplanet Month ago +8

      Do a bit of research on REIT, Real Estate Investment Trusts, where ultra-wealthy corporations own up to 40% of ALL housing stock in the USA. "American Homes 4 Rent" is just one, BlackRock another.
      These trusts buy houses by the hundreds, for cash, "bundle" them into stock market packages, sell and buy for pure profit.
      Each "trade" on the stock market increases demand for profits. House prices rise, rents too.

  • richard simms
    richard simms Month ago +2

    What an intelligent, excellent and knowledgeable guest. Very good interviewer too.

  • Optimal Performance Consultants

    This is an incredibly enlightening interview, typical of @amanpour et Al. “Prosperity alongside depression”. Are key decision makers listening? This is incredible and data borne discussions.

  • Michael
    Michael Month ago

    8:05
    “We need to fall back in love with the unremarkables”
    It should be the title of his book.
    It is absolutely true.
    American would not likely be in the political/social crisis they are in, if the Gov had taken better care of the majority working class.
    Period.

  • Gino Gina
    Gino Gina Month ago +3

    Even if we increased the minimum wage to $23 an hour, that still equates to an annual salary of $46K - not a living wage in or near any urban center.

  • RitaMarieWeiss
    RitaMarieWeiss Month ago +1

    As one of those "richest elders" you talked about .. you might one to re-think that .. most of the people I know are not that rich .. I have 4 degrees .. worked in public ed .. and never made over $50,000 .. and depend on social security b/c we were forced into 401k instead of savings .. thanks to government failures to maintain what was once a solid system of savings .. where after earning / saving $100,000, you would earn 10-15% interest .. now we depend on the vargarities of the wealthy wall streeters .. musk / buffets / gates / dimonds / welch .. not necessarily "rich elders" .

  • perf b
    perf b 8 days ago +1

    we need more public intellectuals like prof Galloway, calm and insightful with some hard data

  • Jay Ski
    Jay Ski Month ago +1

    When it comes to social media, what's missing are editors. And an algorithm can't take their place. That's why when he shows us that a lie spreads 6 times faster on Twitter than the truth, it makes sense. It's the difference between reporting versus gossiping. During the old newspaper days, you had to pitch your story to your editor, corroborate your assertions with more than one source, verify your facts, and it was only news the day it happened. You didn't repeat it day after day unless there were new developments. In the social media world, you are your own editor (or lack thereof). But if something strikes a chord, true or not, repetition is your key to success.

  • Just My Opinion
    Just My Opinion Month ago

    Thank you for sharing this interview. I want to read Mr Scott Galloway's book. I agree with his take on the deliberate plundering of the middle class.

  • GRJ2733
    GRJ2733 Month ago +1

    Hari Sreenivasan is the best interviewer anywhere in the media, although sometimes his fairness is difficult.

  • A Puzekat
    A Puzekat Month ago +6

    I know he’s a writer but he’s a great speaker.

  • steve miller
    steve miller Month ago +1

    I have been a sometime follower of SG for a while. The guy delivers the goods.

  • Jeremiah Glass
    Jeremiah Glass Month ago

    Love Scott Galloway….great to see him on your show…

  • Stephen Kunst
    Stephen Kunst Month ago +1

    Even though this guy has many good ideas, he continues the idea that all who go to college are sanctified and should be rewarded, while the economy still (in his words) 2/3 of the economy's workforce does not benefit if they had a college degree. Devaluation of the many skill sets needed to run our economy continues in the mind set of the chattering class. For them college is a form of country club where only the non college population will always be 2nd class citizens.

  • John Benson
    John Benson Month ago +4

    This would be an interesting discussion about how to rearrange the deck chairs, but the iceberg is literally in front of us and we need to focus on it first.

  • Idonea Mycheldever
    Idonea Mycheldever Month ago +1

    This gentleman is full of great ideas. Thank you!

  • Tamar 4272
    Tamar 4272 Month ago +1

    So true , parents & grandparents had affordable housing , unions jobs with healthcare , reasonable college tuition for their kids , strong communities , and as they grew older they had the safety net of their pensions , social security and Medicare waiting for them .

  • Swiss Kiwi
    Swiss Kiwi Month ago

    Thank you!
    Very informative and on point and touches on so many of the essential issues.
    Buy the book people!

  • Theresa M
    Theresa M Month ago +3

    Really appreciate this author. The social security comment however is inapproriate. People give into social security when they work and recieve it when they retire. It is government mismanagement that allows the excess money from a larger generation to be spent elswhere so it's not available when those people retire.

  • Osnosis
    Osnosis Month ago +3

    The saddest thing here is that I remember teaching exactly this in 1982, and being scoffed at (at a major university Econ program). So now you have 40 years to unwind. Good luck.

  • DR E
    DR E Month ago +10

    Excellent presentation!

  • samuel glover
    samuel glover Month ago +2

    Just so people know, Galloway thought *Michael Bloomberg* would be just the guy to "save America". Before Bloomberg's vanity presidential campaign mercifully and hilariously flamed out, Galloway was pushing for him. And let's not forget that it wasn't so very long ago that Bloomberg went on the record to celebrate how NYC real estate was becoming the investment/tax dodge of choice for billionaires the world over. Yeah, Galloway's the champion of ordinary people, sure.
    Galloway's major talent is self-puffery (he is, after all, a "professor of marketing"). Take anything he says with a metric ton of salt.

    • mark miller
      mark miller Month ago

      Don’t let the presenter (Galloway) get in the way of the data presented…there are compelling data to show what happened and what can be done to get Americans back in one team.

  • Kevin Duffy
    Kevin Duffy 26 days ago

    "We truly have a regressive tax system." Besides the inconvenient fact the top 1% pay nearly 40% of all income taxes, the problem isn't the distribution of taxation, but the LEVEL. High taxes support a government that sticks its nose into every nook and cranny of the economy. This is why the middle class is shrinking. Go ahead, target the rich. A) They'll leave. B) You'll destroy the golden goose, accelerating the decline of the middle class.

  • Crystal Solana Bryan
    Crystal Solana Bryan Month ago +1

    My mother saw that my generation, GenX, was the first to not do as well as our parents and it depressed her, so much that she was treated for depression. And it was guilt over what would happen to me.

  • Joan Turri
    Joan Turri Month ago +5

    @10:40 that's the key and it cuts across every sector of society. It's called pretending that the problems are so mysterious that we can't even understand them let alone solve them. The pharmaceutical industry thrives on this and they know exactly how the body works physiologically because they fund all the PRIVATE research.

  • Bipolar Bear
    Bipolar Bear Month ago +1

    "Our problems are man-made - therefore, they can be solved by man. And man can be as big as he wants. No problem of human destiny is beyond human beings. Man's reason and spirit have often solved the seemingly unsolvable - and we believe they can do it again." - President John F Kennedy

  • Cyphermunk
    Cyphermunk Month ago

    I did the Peace Corps for a year in NYC through the New York Restoration Project. $7/hr and hard work outdoors in the summer. Still one of the best memories I have a friends for a lifetime.