Why Today’s Economy Serves Assets, Not Workers | Harris Kupperman

Harris Kupperman of Praetorian Capital joins Tyler Neville to discuss the concept of "feudalism" in current markets, arguing that economic policies favor asset holders over wage-dependent workers. Kupperman contends that the U.S. economy is being run for the benefit of the S&P 500, leading to suffering for the majority. He points to 2022 as a brief period when Main Street prospered due to demand growth in commodity-based sectors, but this was curtailed by the Federal Reserve's actions. Kupperman suggests that change requires leaders willing to endure short-term consequences for long-term economic growth, highlighting potential opportunities in emerging markets like Brazil and undervalued hard assets such as refineries. He also expresses skepticism about the long-term viability of AI-driven data centers.