Quote · All-In with Chamath, Jason, Sacks & Friedberg
World's First Trillionaire, Anthropic Fable Banned, The New Oligarchs, Iran Peace Deal
Where this was said
The New Oligarchs, America's incoming politburo, and learned helplessness
At 7:44 · chapter starts 2:41
Chamath shares his childhood on Canadian welfare, arguing the threshold for learned helplessness is far lower than people think, illustrated by his father's cycle of dependency.
Chamath Palihapitiya recounted growing up on approximately $17,000-$19,000 per year in Canadian welfare with a family of 5, arguing even that modest amount was enough to trap his father in dependency.
Chamath's family received $17,000-$19,000 in Canadian welfare — not enough to live on, but enough to trap his father in a cycle of dependency. The threshold for learned helplessness is far lower than people think.
