Tech hosts struggle to understand public anger
The hosts of the All-In podcast, David Sacks, Chamath Palihapitiya, Jason Calacanis, and David Friedberg, recently discussed the election results in a post-election breakdown podcast episode. Throughout the episode, they seemed to be on the verge of grasping why Americans are mad, but struggled to understand who they’re mad at.
The four hosts considered whether they are out of touch or if the general public is misinformed. David Sacks said, “We lost a huge part of our base.” He attributed this loss to the mainstream media, which he claims hates them.
Jason Calacanis responded, “And they’re 90 percent left, so it is what it is.” Sacks added, “Without them, we don’t have any media that supports us,” seemingly unaware of the existence of conservative media outlets like Fox News.
Election Analysis
The podcast hosts advanced their theory of the case about what happened in the election and what Trump could do next to “save his legacy.” Calacanis suggested a policy of “But there’s something special about watching smarmy Silicon Valley weirdos who sound like they haven’t spoken to anyone who hasn’t founded a startup in several decades advance their theory of the case.” He caught himself, perhaps realizing that most people don’t think of their paychecks as their “revenue” because they are not businesses.
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Palihapitiya said something must be done to “allow the wage earning class to feel more ownership of the United States economy.” Calacanis has come to the realization that “the bottom half of non-equity holders are mad.” Sacks attributed the wave of discontent to “this narrative around affordability plus the perception of the lack of affordability” that has put the public “in a very ornery mood.”
I mean, in fact it’s quite good.”
Data shows this is deeply out of touch with what people across the country are experiencing: More than half of Americans can’t afford to have an emergency fund or save for the future, and most Americans report having to cut back on their lifestyles to afford to live. Housing affordability is at crisis levels.
