Snapshot · Pivot
Elon Musk reportedly spent $250 million to influence the last U.S. presidential election; Scott Galloway speculates he could spend $1–10 billion on the midterms.
Where this was said
At 53:29 · chapter starts 51:40
An audience member from Australia asks about redistricting and voting rights. Kara lays out her three-part diagnosis of America's democratic rot: gerrymandering, Fox News, and social media [1] — Kara Swisher "There's three things I think have hurt our country more than anything. One is gerrymandering, two is Fox News, and the third is social medi…" 52:16 . She notes Republicans have overreached in redistricting and are beginning to pay for it in special elections, while Democratic enthusiasm is surging even among voters who don't love Democratic candidates — Trump is shedding base voters from Latinos to young men. Scott raises the stakes further with a theory: Musk called Trump and offered to bankroll the midterms in exchange for the SEC and NASDAQ granting Tesla inclusion in the NASDAQ 100 index — a favour worth $10–30 billion in incremental demand for his float and $20–40 billion to his personal net worth [2] — Scott Galloway "Scott Galloway's theory: Musk offered Trump a deal — engineer NASDAQ 100 inclusion for Tesla to boost his net worth, and Musk will spend $1…" 52:42 . Having spent $250 million to influence the last presidential election, Musk with a trillion-dollar war chest is, Scott argues, the most dangerous X-factor in U.S. democratic history.
Scott Galloway's theory: Musk offered Trump a deal — engineer NASDAQ 100 inclusion for Tesla to boost his net worth, and Musk will spend $1–10 billion on the midterms. Citizens United makes this legal. Musk influenced the last presidential election with just $250 million.
A total of 8 states have filed lawsuits against social media platforms, including an ongoing case in Tennessee, using product liability and public nuisance theories to seek accountability.
France built 56 nuclear plants in the 1970s and now has the cheapest energy in Europe, making it independent of Russian or Middle Eastern energy geopolitics.
Estonia has a single tax form, a law preventing the government from asking citizens for the same information twice, and a flat rate of tax — enabling competitive taxation.
Portugal's Lisbon, once a city with a major heroin problem, legalised drugs and redirected enforcement spending into rehabilitation and housing, dramatically reducing crime.
The first Boland Amendment banning CIA and Defense Department funds for the Contras passed the House unanimously — yet the Reagan administration ignored it.
Over just two years, Saudi Arabia alone donated $32 million to the Contra rebels, giving loosely affiliated factions millions they had no way to spend on arms.
The National Endowment for the Preservation of Liberty raised $6.3 million for the Contras but only $3.3 million reached them — a shockingly low 52% program expense rate.
Richard Secord and Albert Hakim marked up their arms shipments to the Contras by as much as 300%, making enormous personal profits from the covert operation.
Lieutenant Colonel Oliver North, tapped to run the entire covert Contra support operation, had no prior experience in covert operations whatsoever — he was learning as he went.
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