Inflation under the Biden administration peaked at 9%, while the Trump administration has not come close to that figure even in its worst month.
Inflation under the Biden administration peaked at 9%, while the Trump administration has not come close to that figure even in its worst month.
Where this was said
At 2:46:30 · chapter starts 2:43:50
This section covers the most substantive domestic policy ground of the episode. Vance starts from the DSA and socialist fervor among young Americans, arguing they're a rational response to a rigged system — not a policy he endorses but a symptom he diagnoses. He describes a Thanksgiving dinner where a highly paid engineer said homeownership felt like an unachievable dream, and a friend describing the Oceanside, CA street where enlisted Marine children once played — now with houses over $1 million.[1] He draws the historical parallel to the Industrial Revolution: inequality exploded, created the robber barons, and European countries responded with fascism and communism. Pope Leo XIII's late-19th-century encyclical, he argues, identified the 'middle way' between factory child labor and socialism — and that roadmap is what's needed for AI. He describes Foxconn's suicide nets as the direct end result of US trade policy that praised American workers for 'wanting to see their kids' as if that were a flaw. He argues that private sector unions have largely disappeared, immigration floods the labor market with low-wage competition, and monopolist tech companies now rival the power of governments — the same dynamic Teddy Roosevelt confronted with steel trusts. His solutions: modernize unions (citing Oren Cass's flexible negotiation model from European countries), enforce antitrust vigorously against AI monopolists before they consolidate, and restore worker bargaining power through immigration restriction.
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One specific Reddit or Facebook post was responsible for taking Avnish's user base from single thousands to tens of thousands.
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