All-In with Chamath, Jason, Sacks & Friedberg

Key Takeaways

DOGE is forcing the essential question: “What is the essential role of government?”
- The people who are complaining the loudest about DOGE are probably the ones who have committed the most fraud
DOGE found USAID making some interesting payments:
- $1.5 million to “advance DEI in Serbia’s workplaces and business communities”
- $2 million for sex changes and “LGBT activism” in Guatemala
- $70,000 for production of a “DEI musical” in Ireland
The corrupt USAID payments force the question: “What is the real grassroot support for these left-wing policies all over the world?”
“We know that the US government runs a $2 trillion deficit every year; we’re in debt almost $40 trillion. We also knew that anytime anyone tries to cut anything in Washington, the whole city screams bloody murder. So the question is, why? Well, now we know: the money is all going to them – it is round-tripping to them.” – David Sacks
USAID paid $8 million to Politico and several million dollars to the BBC; this may help to explain why certain political controversies, such as the Hunter Biden laptop story, were buried during the 2020 election cycle
The Democrats have lost their way because they have forgotten “kitchen table issues” – the things that regular people care about and discuss at their kitchen tables
“A sovereign wealth fund would be a stealthy way to create industrial policy in America.” – Antonio Gracias
- A US sovereign wealth fund can serve as a rainy-day fund for the nation and a place to store the enormous amounts of revenue that can be created from pro-energy policies
Unleashing the American Productivity Machine: AI will cause job loss, but the amount of productivity that it will also enable in the US economy will be extraordinary
GLP-1 drugs aren’t just for weight loss and appetite control – they might protect the brain and heart but could come with risks for digestion, kidneys, and the pancreas

DOGE vs USAID, Crypto Framework, Google's $75B AI Spend, US Sovereign Wealth Fund, GLP-1s

Podcast Notes Playlist: Business