May 29, 2024 • 59 mins
Paul and Skip sit down for a master class in world economics courtesy of Carlos Slim, the business titan named by Forbes as the richest man in the world from 2010 to 2013. Slim opens up about the tremendous responsibility that accompanies his wealth, his outlook for the global financial forecast, and how the rise of artificial intelligence presents an opportunity to re-think the traditional work week.
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Speaker 1 (00:00):
Our Way with yours truly paul Anka and my buddy
Skip Bronson is a production of iHeart Rating. Hi folks,
this is Paul Anka.
Speaker 2 (00:12):
And my name is Skip Bronson.
Speaker 3 (00:14):
We've been friends for decades and we've decided to let
you in on our late night phone calls by starting
a new podcast.
Speaker 1 (00:20):
And welcome to Our Way. We'd like you to meet
some real good friends of ours.
Speaker 2 (00:25):
You're leaders in entertainment and.
Speaker 1 (00:27):
Sports, innovators in business and technology, and even as sitting
president or two.
Speaker 3 (00:33):
Join us as we ask the questions they've not been
asked before, tell it like it is, and even sing
a song or two.
Speaker 1 (00:40):
This is our podcast and we'll be doing it our way.
Speaker 4 (00:47):
We are very clear my family and me. You know,
I think in business is important that the family is
before everything. After family, you go to a business and
then you go to Ukovic. I think that business man
and an entrepreneur that we are creators of well, but
also we managed well, but we are temporary managerself well
(01:11):
because we don't take anything with us.
Speaker 5 (01:26):
Hey Skip, Hey, there he is. There's the guy. How
are you doing?
Speaker 6 (01:30):
You're getting ready to go to our guests. This week's
Homeland Mexico and leave you soon.
Speaker 5 (01:35):
You tell me, yeah, I'm going to Cabo really looking
forward to it.
Speaker 7 (01:38):
I can't believe you're able to get Carlos Slim to
do a podcast.
Speaker 5 (01:42):
I know you're close friends, but you know that's awesome
to get.
Speaker 6 (01:47):
You know, he was You and I sat with our
lists and it's as very diverse one as you know.
And I think that I've leaned on some friends as
you have, and they've both come forward. But I think
that getting Carlos you're going to have a very interesting
conversation and an educational kind of vibe to it, because
(02:09):
the guy at his age is super smart, super sharp,
and he's the humblest guy of that elk, of all
of them that you and I know that I've ever met,
and he's just one of the most beautiful human beings.
He's got all his priorities, but his family's ahead of
all of it. But this guy, you're going to really
(02:30):
sit there and go, Wow, what a superstar.
Speaker 5 (02:33):
This guy is a human being.
Speaker 7 (02:35):
I want to remind him. In two thousand and eight,
I met him, Barry Sterlett. He called me up and
he said, listen, got Carlos Slim. Lady Linda Rothschild and
another friend of Barry's, Rick Earthen, And he said, we're
going to go take a look at some hotel properties
and things we can buy. Carlos wants to invest, and
(02:56):
it's an opportunity to spend time with him. I said,
you're getting fantastic. So on Barry's plane flew to San Diego.
Uh looked at it at the La Consta Resort, ironically,
a place where I used to have a home. Then
we flew up to northern California, and you know this.
At the time, of course, I knew him as the
richest man in the world, and I just couldn't get
(03:19):
over what a humble guy he was.
Speaker 5 (03:21):
Just he was just thoughtful and kind.
Speaker 7 (03:23):
He wanted to hear what you had to say, didn't
want to just talk about himself. He was interested in you,
interested in ideas, and just I thought he was great.
But I got a kick out of it because we
went to a restaurant in La and we had to
make sure that they had a television because the Yankees
were playing. Wasn't it I mean it wasn't the World Series,
It wasn't a playoff game, regular season game. He said,
(03:46):
Oh no, I got to watch the baseball game. So
we were calling all around our you know, assistants were calling, Hey,
what restaurant has a television where we can eat, you know,
watch TV, watch a baseball game.
Speaker 5 (03:57):
So we did that and yeah, yeah, and I know,
I know how close you are to him, and you know, yeah.
Speaker 6 (04:02):
Extremely And you have a pick. Can't you show me
a picture a while? But you've got to bring it
and show it to on the zoom and remind him
because you remember.
Speaker 5 (04:09):
Yeah, I should do the habit. Actually I'm going to.
I'll hold it up to the screen.
Speaker 6 (04:13):
He'll totally remember. His memory is remarkable. And it's just
you know, I got a circle of friends and you know,
you're right in there, and I've just got friends that
are just unreal. And he's just so special to me
because I come to know what a kind of human
being he is.
Speaker 5 (04:31):
And he's very rare, very rare.
Speaker 7 (04:34):
He's known for being wealthy, but he's also known for
his philanthropy. I mean, he has done so much for
so many and I really want to.
Speaker 5 (04:43):
Hear about that.
Speaker 7 (04:44):
I want to ask him about that and hear how
he makes his decisions on you know, where he dedicates
his reasons.
Speaker 6 (04:51):
His family is very involved in that, the foundation his business.
You know, I hang with him, we have dinners, and
I just see exactly intelligent they are. The love that
they have for him and the love they have for
what they're doing is going to be it's just amazing,
you know. But it's gonna be very cool. I'm really
looking forward to this one big time.
Speaker 7 (05:12):
I could also mention the fact that I met him also,
and I'll say this one of your weddings.
Speaker 5 (05:19):
Where I will.
Speaker 7 (05:21):
You're so, I was seated between Carlos Slim and Warren Buffett.
Speaker 5 (05:28):
I mean, how many places do you go where that happens.
Speaker 6 (05:31):
Well, I hope it's the end of it for me.
Speaker 4 (05:34):
You don't for meeting him again and any of that.
Speaker 6 (05:37):
Well, there's one more to go, and that'll be the
final one.
Speaker 5 (05:39):
There you go, one more. Come on, you got you
got a good you got a good girl. Now we
gotta get the best. I got the best.
Speaker 7 (05:47):
And something tells me Warren Buffett and Carlos will be there.
Speaker 6 (05:52):
Uh yeah, they'll get invites.
Speaker 5 (05:55):
Yeah they can get there, they will.
Speaker 1 (05:57):
But you'll be there, my brother.
Speaker 7 (05:59):
You say, but I got off behind marks for you know,
it's funny with podcasts, there are some guests that you get, like,
you know, we had Mark Burnett, he doesn't do podcasts,
you know, other than they really don't. We got Alec
Baldwin in the middle of all the stuff he's dealing with.
But Carlos Slim, I mean, come on, that's no who
else has Carlos Slim on the podcast? It's crazy nobody. Yeah,
(06:22):
I'm really excited about listening to him. This is gonna
be very cool, very different, very good.
Speaker 6 (06:27):
Just sit back and listen and you're gonna love it.
The guy is just full of all good stuff, good stuff.
He's got to beat on everything.
Speaker 5 (06:34):
I can't wait. I can't wait.
Speaker 6 (06:36):
So let's root for the Rangers here, buddy.
Speaker 5 (06:39):
Yeah, I'm doing it full speak.
Speaker 4 (06:41):
Ye, root for them.
Speaker 6 (06:42):
This series is on, as you know, so let's.
Speaker 4 (06:45):
Get it at the end.
Speaker 5 (06:46):
Looking forward to that too.
Speaker 6 (06:48):
Okay, man, Well you travel safe and I love him.
Speaker 5 (06:50):
Okay, thanks, I'll call you from Mexico. Okay, man, love it.
Speaker 1 (07:02):
Hello everybody, it's a Skip and Paul on our way.
And we've been having a great time doing this. We've
had that many friends on and we've had some great,
great interviews. But I must tell you personally that today
is probably the most special the man that you're going
to meet, that you're not going to see a lot,
(07:24):
because he's one of the most humble, sensitive people I've
ever known, a man I've known for years and years.
I want to qualify that he's a great man. He's
someone that I've shared so many hours and days with.
So it's going to be a very warm and friendly
and informative conversation today with someone that I love very
(07:44):
Dearly folks. Carl Slim from Mexico City is on with
Skip and I. Carlos, Welcome to our broadcast.
Speaker 4 (07:53):
Thank you, Thank you very much. Paul, and I know
that you are a really very good friend. That's why
you say so kind and things about me. Thank you
very much for what you have said that in parties,
because we have a great friendship for many years.
Speaker 1 (08:11):
Yes, Alas, I want to go back to the beginning
before we get into business and other amazing things that
I know are about you. Take us back to the
beginning with your dad, how you started and what motivated you.
Speaker 4 (08:26):
My father have a problems with the heart. He has
in partos some problems, important problems, and that's why he
tried to teach us to learn about in my case,
about business, because he know that I like this kind
of activity. And he gave me job, and he revised
(08:52):
my job, and he said that it was good or
it was right, and actually he pus away a little
laughter all the jobs I do. He passed away when
I was thirteen years old, but he left a lot
of values and principles to the family, and especially for me.
(09:13):
It was really very tough to lose my father at
this age. It was painful, and I took like two
years to get back. The issue was not the best
time to lose well, it never really is a good
time for lose your father. But when I was so young,
(09:36):
I stayed two years with big, big problems of pain
and angry. But then I went to high school and
I begin to study and to be good friends and
go to movies. But he left in me a lot
of principles, values knowledge that I still have them very clear.
(10:00):
Many of his words I still to use. We have
them like values in the in the corporations. Two or
three of them they are there, are there two or
three of the ten we have they are very clear there.
And it's very very difficult times.
Speaker 1 (10:20):
What what motivated you, Carlos to succeed when you first
started out in business.
Speaker 4 (10:26):
Well, you know you have a tommage, you have any vocations.
But your personality and your character and your interest and
concerns are getting as time to go by more clear.
And for me at the beginning in the university, when
(10:48):
I was in Integrade, I begin to give the classes
like a professor to to third grade in algebra. I
was happy to teach. I was happy in the university
world like a professor. Then I took two courses, a
small courses about economy and evaluation of projects. I went
(11:11):
also for three months to Chile that was part of
the Latin American economic from the United Nations. And at
the end I took a sabbatic year. In sixty four,
when I was twenty four years old, I decided to
take a sabatic year. I traveled, I read a lot,
(11:32):
and in sixty five I begin my activity like businessman,
creating two companies. One a bottling company that we both
bottling company for Mexican soft drinks that the name was Carritos.
And then I created and founded the in Barzila busaty
(11:55):
that today is a very good financial group and with
a a good choice and a lot of services and
a lot of customers. That was my first two groups.
Then also in the same month, maybe sixty six, I
make a construction company and I make a real estate company,
(12:19):
and I begin to create some companies during these third
years of my business life. Then in the seventies, in
the sixties, I get involved so very strong in real estate,
a lot of real estate around the city, around Mexico City.
And in the seventies I begin to get more involved
(12:41):
in industry, and we get very involved in industry, and
we have a big problem in Mexico in eighty two.
Well was a problem worldwide was the problem of the
external debt. A problem of the external debt was in
eighty two because the inflation in JUS was of two
(13:04):
digits and interest rates that said the federal bank but
was twenty one up of twenty one percent, and you
know twenty one percent is very difficult to be paid
for the governments and for some business after they used
to look for a lot of credit. At Mexico and
(13:25):
other countries of Latin America have the crisis of the
external debts from eighty two until lighty nine, but in
eighty two after the evaluation, they came also the appropriation
of the banks, and nobody wanted to have invelvements and
was really a very very important time for the group
(13:47):
to make investments. And we make a lot of invelvements
in eighty two, eighty three, eighty four, eighty five, et cetera,
et cetera, and we create an important group not only
financial but also indus trail groups. During the eighties, we
get involved in many involve many companies, some of in
(14:11):
the market and other in the stock market and others
in outside the market. The market the stock market, and
we make a very interesting industrial group in the ages.
Speaker 1 (14:24):
Because how many employees do you have all over the
world today, I think.
Speaker 4 (14:28):
We should have like three hundred and fifty thousand, and
with in pasion they will be like sixty thousand already
red tie, but we have like three hundred and fifty thousand,
mainly in Mexico. In our company that we have in Spain,
we have like sixty thousand workers. And we have a
(14:51):
twenty four company telecom companies in Latin America and Austria
and some other countries of Europe, and we have like
three cod the fifty thousand.
Speaker 1 (15:03):
You mentioned earlier, Carlos, the economy, how do you set
the current state of the global economy and what factors
do you believe the most critical for growth in the economy.
Speaker 4 (15:17):
We're leaving an important change, a very important change from
the industrial civilization to the technological civilization for seculary economy
to a tercharry economy. And you know, all civilization changes
create a lot of problems. Many people is living in
(15:38):
so comfort that they don't want to change. And there
is something that I learned with the Alvin Tefler. Alvin Tefler,
I met him in ninety one and we get very
good friends. We talk very often. And his point was
that to move from the agricultural society to industrial society,
(16:02):
it looks like count fifty years to move from the
agricul dural society to the industrial society. There were a
lot of things. You have the Civil War of the
United States where they tied the North of US that
were industrial were in the second secondary steps in the
(16:24):
industrial civilization and the South that were still in the
agricul rural society society and they have you have the
Civil War in the US. Then you have these revolutions,
Diffrench Revolution, in Mexico Revolution, some revolutions that you have
a lot of problems to move from the from the
(16:48):
agricultural to the industrial, and they took a lot of
time to move ahead in the industrial society. Actually, many
countries still are in the agricultural society in big parts.
And now that we are that we begin with this
technological civilization. Services is a society of services and digital society,
(17:12):
whatever do you want to name it. Things are changing,
are changing faster, and the change is creating problems because
governments are not conducting the change. These changes would be
conducted by governments. I will say that the only country
that was clearly moving it and driving it was China.
(17:34):
Other countries of Asia also make the conduction of the
of the change of the civilization. And Albin Alvin Toffler
used to say, actually it says also in a book
in the nineties that Europe will have will will will
have problems to move to the new civilization because they
(17:54):
have a level of level of comfort so big that
they don't want to change. And we already have looked
at in France when they want to increase two years
the age of retirement. How the biggest strikes they have
there and how the people don't want to move, don't
want to change, don't want to change the comfort. And
(18:15):
now we're looking one Europe that is getting back, that
is not moving ahead, let's say not getting back, but
not moving ahead. They are not moving to the new civilization.
That's not good. And you have other countries like China
that moved from the aglicul to ural society, that were
rural areas and auto consumption to a country that is
(18:36):
already with high technology, with a very advanced industry, et cetera.
We are in this change of humilitation. But then recently
in the last few years, China have done very good.
China has done most of its strong development in this
century in the last twenty years fifteen to twenty years.
(19:00):
And uh United States stay behind. Three years ago President
buy and All March thirty one that we need to
go to economic war against Chinese. And before that there
were another problem between the US government and the Chinese.
But now it is clear the Americans look that they
(19:24):
cannot be global and they cannot buy whatever is cheaper.
They understand that they need to have the essential goods
they need to produce in US and now the United
States are strongly making efforts to produce the good that
they need in the US. But also they look in
(19:47):
the partnership that Mexico is having with United States and Canada,
the importance to bring things to produce in Mexico because
they can be all efficient. That China are very competitive
with China, but we are in a near shoring that
you don't need to pay whatever price to bring the
(20:11):
goods from Asia to America. Remember that the containers that
used to be two thousand dollars container the transportation suddenly
China increased to twelve thousand. It was clear that you
cannot buy things that can move the prices of transportation
(20:33):
from one day to another. And that's the big change.
The big change is that we are moving from a
global society now to regional society. No, we have a
region that is North America, Canada, US and Mexico, and
China is doing something there with Russia and other countries
(20:55):
and now they will be regional. But also blow.
Speaker 3 (21:02):
When we got started, I remembered that you and I
had met in two thousand and eight with Barry Sternlicht
and Lady Linda Rothschild and Rick Gerson, and we were
flying around. You were talking now about opportunities and the
way things have changed. You know, we're looking then in
two thousand and eight, we had a bit of a
crisis and there was an opportunity to buy real estate projects,
(21:24):
you know, more efficiently, less expensive than in the past.
And I said to Paul, one of the things that
impressed me so much about you was how humble you
are and what a kind person you are. And you
had great interest in other people, not just talking about yourself,
but more about ideas than things. I'm just curious in
(21:48):
our country today, in the United States, our political situation
is very different than it was back in two thousand
and eight when I first met you. Back then, you know,
the Republican had a point of view and the Democrats
had a point of view. But they can at least
they can at least work together in sort of a
kind cooperative way, even though they had different ideas. I'm
(22:12):
just wondering what you think about what you see happening
in the United States now politically, how you feel about that.
Speaker 4 (22:19):
Let me go a little back. We are very clear
my family and me. You know, I think in business
it's important that the family is before everything. After family,
you go to business and then you go to your hobbies.
I think that businessman and entrepreneurs that we are creators
(22:41):
of wealth, but also we manage the wealth. But we
are temporary managers of wealth because we don't take anything
with us. We are temporary managers of wealth. So that
is something important. Then, in my opinion, the crisis of
two thousand and eight was coming from two thousand. You
(23:03):
remember in two thousand we have a big crisis in
the markets. In March of two thousand, the stock is
changed fall down strongly. The situation economic was very tough.
And you remember we have the Grispan was in charge
of the head. The internet rate was six point seventy
(23:23):
five percent, and then they begin to take down the
interest change to one three one point seventy five in
one year. And then in two thousand and one the
market fall down forty forty percent, thirty percent. It was
a very tough situation for the economy. We were worried
(23:45):
at the fall of the market go to the banks
and to the real estate and make a big crisis.
But the president the Bush begin to be very active
with sending checks back and getting the int rate to
one report to one for seventy five percent interest, putting
(24:06):
a lot of money everywhere. Actually it finished also with
the war in the Irara that was part of that,
and in two thousand and three that things were already okay.
Instead of going and clean up whatever was done before,
it followed the depsits. That's what we have many depsits
and that why the two thousand and eight prices came
(24:28):
and the crisis was thought. Because I think it was
a mistake. They bankropped Lemon, remember now, and then when
President Obama get on charge, he needed to put put
one billion dollars for City Bank, one billion dollars for
General modeors. They he supported many of the business that
(24:51):
was in some bad conditions. I think it was a
difficult moment, but things wal ahead because it as a
good job. But they do for compounds all this in
this moment. I think that in US, and it's not
(25:11):
nice for the world. There is a division in the
country that is not good. You need to be together.
You need to be to be in union, the north,
the South, the center. Everyone should be American. I think
like they used you used to do for many, many
many years, but now it's a big division economical, politically, socially.
(25:33):
I don't know why the division is so growing. And
you have now the competition of the two presidents that
already compete a few years ago. I think that at
the end of the day, the economic will be good.
After the political issues and all these things, the economics
(25:55):
will be in good shape, and Mexico will be part
of this change. I think there will be a big competition,
and I am glad that the competition is in this way,
a big competition between US and China. But the good
thing is because a big competition in technology and economy.
(26:17):
That's the competition that I saw. I see for the
future in more technology, more technology development, and a bigger economy,
stronger economy, and China will do that also. Around geographical
like I was telling now is like I say geographical
(26:38):
group because I think a competition and I think that
US is going to do it better. A few years ago,
I was concerned looking that most of the money that
the big business of US was going to entertainment. I
don't understand why there will be everything in entertainment and
(27:00):
Netflix goes ahead that the others get back and stay
in some way more quiet. But now you are looking
that the technology you are going to go very fast.
You have the report today of a media they do
fantastic and media the chip, the chips and the semiconductors,
they can grow extraordinary in this quart very very very
(27:24):
ski advanced. And I think that the US economy and
the corporations of the US will be doing a good,
very good job the next years. And I think that
will be very important the partnership of Mexico for many
of the of the issues to produce to produce here.
(27:46):
In some ways the US economy, especially in the label,
you have less blue collars, the blue boo collar cap
disappeared the efficiency that they used to have many years ago,
and now you have the employment in services. The labor
is mainly in services, including the Waldmark and MacDonalds and
(28:09):
whatever you like. The Amazon. They are mainly in services,
and the blue collars are not as good as they
used to be. They go to the coffee break, interruption
of work, et cetera. And that's where Mexico can be
very important to make these w It was also important
(28:30):
that the Chinese president went to San Francisco to the
meeting that you have a few months ago, and that
is say later that they are not thinking and they
don't like a cold war world. That's very important. And
they are both country thinking in economy and technology. I
(28:55):
think that's important for them and for the world and
for the for the advanced. Now the intell artificial intelligence
is coming fast and strongly, and immediately you see the
American company is already there. In the American corporations are
already in artificial intelligence. What problem plan we have in
(29:21):
artificial intelligence we can It will increase the productivity and
it will not so slowly disappear many label many labor
will be done with artificial intelligence, not by human beings.
That's why I have a few years many like ten
or fifteen, I don't know how many talking about the
(29:43):
change of labor. Instead of working five days of some
countries are doing for to work three days eleven or
Coward fowers. And in this way you have people that
were Mount Juday well day and people that work third, Friday,
young and Saturday. In this way you multiply the opportunities
(30:05):
of employment. But also instead of retired as sixty five
or sixty sixty five, they need to retire at seventy
five because already. You look at Europe and the US
the cost of the patient funds and you pay the
patients and the health for the family, there are no
funds to pay that. That's why Europe is moving. That's
(30:27):
why the French government went to move two years. And
I think that if the new people that work three
days retired as seventy five years old, you take out
the big problem of the pensions at sixty five, when
people is living ninety years old in su Mari. I
am positive of the near future of Aware countries.
Speaker 1 (31:00):
Carlos. I've spent so many amazing times with you, and
I agree with you on the politics. I think it's
become very tribal in this country unfortunately. But one of
the great moments was the first time you took me
through your museum in Mexico City, which is one of
the most incredible, incredible museums I've seen in modern times.
(31:24):
Your love of art, where did it come from? How
many pieces do you have?
Speaker 2 (31:27):
You know?
Speaker 1 (31:28):
Tell us about how it all started with that love
of art and it culminated in this amazing museum that
everyone I think should see. It's just an amazing experience.
Speaker 4 (31:38):
Well, my wife love art when we went to Colimoon.
We went to the museums in Europe. Every time we
go there, we go to the museums. We may get
involved in some more options to buy so MRK for
our home. But I have a friend that tipasaway, a
(31:59):
young friend, very very intelligent and cured with high levels
of Curtura knowledge, and he recommended me to buy a
collection from colonial art in Mexico. It was in the eighties,
late eighties. I bought the collection. But when I about
this big collection, it was to do a museum. After
(32:23):
I about the collection, I built the I make a
development development in an old factory and I make the
museum there. The inauguration was in ninety four. And then,
looking that people love to go to the museum, I
make another museum in the in the other side of
(32:44):
the city that the museum. You know, the inauguration was
on thirteen years ago, and the people going there well
by by beginning I offered that free, that is free
always all the days, for all the life. My idea
(33:05):
is that the museum is free for the people to
go and to enjoy. And I am very happy to
look that they go, Families, that they go, young people
like they know from schools. That's really really very a
big motivation for me to look how many go there,
(33:26):
how much they enjoy, how clean they have the museum
because they don't. You don't look that they painting badrooms
out or something. And it has more many millions of
people going there, and I am very happy and motivated
to look back. And because of that, I follow, I
follow buying in auctions in many options the art. We
(33:51):
already our our main issue of the foundation is social.
That's why now now we are more focused to the
social issues and we have big programs of education. We
have agreements with the universities of US. We have agreement
(34:11):
for many years we can academy, can academy for basic education.
Mainly we have a lot of agreements to give education.
And we make also by ourselves a lot of training programs.
And these training programs is for people to take this
training program for jobs. That means that if we want
(34:36):
to be in tourism, in the kitchen, in cooking, whatever
he wants to do in mining, in construction, he can
take these courses and with these courses take the job
more easily because he already have training to work. Because
it has been very successful that we work in head
(34:58):
like I say, in in education, in sports, in culture,
in other social issues, human rights, many many things. We
are working in the Foundation, and we're very happy to
do that. We know that the Foundations didn't solve the
problem of employment, but they solved the problem of scaled education, training,
(35:24):
enjoying the museums, enjoying sports. We have a sport, and
we are very glad to develop the society with these
programs of the Foundation. But also we have clear that
the way to wat type of poverty as education and
your work labeled to have opportunities of work.
Speaker 3 (35:44):
So for most of us who learned about you, it
originally happened when Forbes magazine listed you as the richest
man in the world. It was quite an accomplishment, needless
to say. But now you're known so much for your philanthropy,
for your generosity, donating to so many causes. But how
(36:04):
do you decide where you donate your money? There's so
much there's so much need in the world. How do
you decide where to donates?
Speaker 4 (36:12):
Well, first of all, we put the money the foundation.
The foundation have the money there. Second, the Foundation moves
immediately when we have a crisis a problem let's say
the Cura can of Akapulco. The next day we are there.
We are there to support in many ways. Let's say,
(36:35):
first of all detail communications. We go very fast to
make them work again. But at the same day the
problems made. The main problems is food water. We send
sixteen portabilizing machines for water, water and and help food
(36:56):
and then help we make commigations. And then after that
you finished with the problem of the food and the
emergency and the health. That is very important to take
care because in this place and you have a lot
of mosquito and you have another issue in the hospital.
(37:16):
We lend them the motabilizing equipment and for energy also,
and then we also bought from energy to have a
in the in the mobile service faster because there were
not power electric power available. The next step mainly is
(37:40):
make a renaissance of a caul to make a Capuco
come back. A Kapulco was down for many years, and
now we went to we're working for the restoration of
schoolsters and houses, who are taking a big number of
houses like fifteen hundred to begin to make them come back,
(38:04):
to have the ceilings okay, and the we want them
to paint outside in some good colors in some areas
to have the same color. We will try to do
that and we're working still in that. So that's one
of the problems when we have the earthquake of twenty seventeen.
In this earthquake, we put a lot of money. We
(38:28):
invite other people to put money and they put five
five for and we put five for everyone that they
put and we have a lot of money for the
recomperation we finish. Our job is begin the twenty seventeen.
We finished it like two years ago and with the pandemia,
we managed to have a six hundred thirty beds in
(38:51):
the hospital in the unity. No, it's not at that
was the emergency we do. And you know, we find
something very interesting. You remember when they intube the people,
many of them passed away. Instead of using the the intube,
we use something called full tasks of high flue. That
(39:13):
means a respiration with a high pressure to be like
if it's very que and seventy seventy percent of the
people that use this this doesn't need to make to
make the tube until a meet. They put the very
strong fifty and it worked very fast. And uh, we
(39:39):
managed like more than ten thousand people there and it
was very successful. Actually, many of the people that were
there that were more than three thousand people, there were
a lot of people working there. They were the high
quality people working there. And they get sick, some of
them or many of them. And about the pass away.
(40:00):
Another that we used to do is to go to
these james and take out the people that were there
because they were poor and cannot pay two hundred dollars
or three hundred dollars. So the people that were not
with violence and were the first time they had something,
we pay the fire the pianza and we get them
(40:23):
out of jail because they were in the jail because
they were poor, not because they were criminals.
Speaker 1 (40:42):
Your renovation in Acopoco, which you explained to me last
time I saw you, you know, Aco Poco to the
Americans was the place. How long is that going to
take finishing that project? Carlos? And are the cartel will
they be out of that region?
Speaker 4 (40:59):
Look, uh, I think the reparation of hotels and houses
and schools will be finished in my opinion this year
six months maybe maybe this year. The condominiums are more
complicated because they have forty owners and one owner owners
(41:21):
think something and the other thing another. We don't know
if they have insurance, et cetera, et cetera. But I
think the main issue is security and security. There is
the compromise of the government to put many places where
(41:41):
they have the National Guard, and that's not the way
that they put order. But we need to have a
better security situation in a Caulco to make it popular. Actually,
we're planning to make a visit in the first week
of you to look how we are advancing on that.
(42:03):
We have a permanent people there working, but we're going
to make a checkop and maybe the ambassador of US
is coming with us.
Speaker 2 (42:12):
I'm going to be in Mexico tomorrow.
Speaker 3 (42:14):
You're you're talking about Acapulco, where obviously there was a
lot of tourism from the United States. Now I'm going
to Cabo San Lucas tomorrow with friends. I can't get
over what's going on here. It seems like every time
I go there's another hotel, you know, being built. It's
it's just phenomenal what's happened in Cabo. Isn't it remarkable?
Speaker 4 (42:34):
That was a Lucas have done a great job and
like you say, it's growing Extrowdinari Cabs and Lucas. Once
begin the development maybe eighty years ago, I mean a
lot of time ago, but in the last twenty years
it had been very successful. After a Capuco it came.
Do you remember Calcun Yeah, of course can to look
(42:57):
also with big developments, but loss is very very important.
Los Cabos for people of California and some of Canada
is great. We have a lot of development north of
Los Cabos, you know La Pass and there are many
places up near near the California that are beautiful places.
(43:17):
They are doing some developments already there. And now we
are with a new program in Mexico called Riviera Nayarita.
That it is Nayarita. You know Puntamita, Yes, in Punta
Meta and all Bayarda, Porto wa Yarta, Porto wa Yartaa.
(43:39):
It will go north until until some blasts that will
be Rivera Nayarita. There are like four big developments coming.
Puta Meta still is going to do two hotels and
if you put me is beautiful and only way to
the north have you full beaches. And it's another new
(44:03):
big development. It's already big and old YadA. It is
a very big development already, but it is going more
to the Nayarit Rivera Nayarita north because Porto Kalisko, near
the middle and north of Calisco is nayari and that's
(44:26):
also what we are calling Rivera Nayarita.
Speaker 1 (44:29):
Are you putting a road? Didn't you tell me last
time I saw you? You're building a road from south
to north or north to the south.
Speaker 4 (44:37):
We make we make a road from the airport of
Puerto Aayarta to the to the airport of the peak
in Nayariit. That's all the way, all the Rivera Nayarita
is taking there. It's beautiful this road because you you
move from Tomarria part to other places and suddenly you
(44:59):
find we see in prot of you, it's a beautiful road.
Speaker 3 (45:03):
There's so many beautiful places. I went to San Miguel
and I couldn't get over how beautiful it was.
Speaker 4 (45:08):
There's a lot of population of retired, retired people living in.
Speaker 3 (45:15):
There are so many people in California that always went
to Hawaii. That was where we went, and now you know,
more people than ever before going to Mexico. You know
the people are so kind, you get amazing service. The weather,
of course is wonderful, and the fact that it's so
close in comparison to going to Hawaii, it's just a
(45:35):
much better choice for a lot of the people who
live where I do in Los Angeles where Paul lives,
pretty pretty easy to get to.
Speaker 4 (45:44):
Fantastic what happened there, the way they grow the hotels,
because of land, the houses, everything, but totally they are
doing things in the in the in the Sea of
Fortees there are a beautiful place in development, and in
La Pace it's also growing. And then you have Loretto
(46:06):
that is beautiful, but it is not enough airplanes going there,
but it's beautiful, and there are golf courses, a big
beautiful mountains. It's beautiful and you find a lot of
of sea life. Actually the blue the blue whales water
in the December any February year near around Loretto. But
(46:31):
you always find animals in the sea and you see
whales and dolf a lot of golf in. I think
it's a beautiful larry and near near California. When you
have Pelippe, you have in Senada, and Pelipe has not
grown as much it should be done. And you have
(46:53):
also the other side of the of the of the sea,
you have a sonora that also beautify for places. We
have to have better security all around because there are
these problems. I tell to some people of the US government,
you stay with the with the drug and the money,
and were staying with the arms and the bayous. We
(47:16):
need to put order there in the two sides now
not so much heart coming here and not too drugs
going there.
Speaker 3 (47:23):
You have so many interests, it's just yourself fascinating. Your
business are baseball. But my question do you still I
know you have had an investment in the New York Times.
Are you still an investor in the New York Times?
Speaker 7 (47:38):
No?
Speaker 4 (47:39):
No, We we get involved to support New York Times.
To remember they have a big problem, yes, and they
are not having a financing, but we get financing. We
have some convertibles, but it's completely a financial issue. We
don't want to be in the in the world. We
don't want to be giving opinions. We don't get We
(48:02):
are in business and we don't want to get involved
in media. Accepting like investments. We already make a big
invevement on those times in you not by the one
of Spain, the newspaper of Spain Spain. Yeah, we have
involvements there, but nothing to be in the media politically.
(48:25):
We don't want to be in media.
Speaker 1 (48:27):
Charlos, how would you describe your your leadership style with
everything that's going on, what is your style of leadership?
Speaker 4 (48:35):
Well, I have people in charge and I have the fortune.
It was a big fortune that my sons like like
to work in business, like to be in business with
the principle and values that we are. Also, my sony
laws are involved. Now, my grandchildren are getting involved. Actually
(48:58):
there are already two grands beginning to get involved and
with a lot of responsibility. And well, I think that
that's very important.
Speaker 1 (49:08):
Everybody should know that it's twenty one grandchildren and amazing
twenty three now, an amazing family. They are so close.
And I went to Carlos's birthday party a few months ago.
They had a big party at the museum for him.
And the love with that family and all those grandchildren,
(49:29):
I mean, you have to be the proudest man on
earth because it's so evident how much love they have
for you. The kind of family life you have.
Speaker 4 (49:38):
Carlos, family is the first thing, and I have the
fortune to have the love of them and that each
love is that everyone love each other. That's right, that's
very because you love each other. And now we have
a new member of the family called I am grand grandfather.
I have a girl three months old and everyone looks.
Speaker 1 (50:02):
That's right. We were talking about that when she was
about to come into the world a few months ago.
Congratulations again. But what a family, Carlos. To see that
is just heartwarming, heartwarming.
Speaker 4 (50:15):
Thank you, thank you for the very It's the best
bit I mean, you can have, without doubt, the low
family and the love between remembers each other. Actually, also
there is a very good relation with the other family,
my brother's owns, my brother children, they have also a
(50:37):
very good relation with them. Is a big family loving
each other.
Speaker 5 (50:41):
Can see that, Yeah, no, wonderful, that's.
Speaker 4 (50:44):
That's so great without jellous without them, buy that's right.
With a nice communication rare.
Speaker 1 (50:50):
In today's world, Carlos, Carlos, there's any specific goals that
you have right now at this point in your life,
any projects, goals, projects that are are important in this environment.
Speaker 4 (51:02):
Well, we want to to increase the activities of the foundation.
We need to do more, We need to do that
mainly in Mexico. We want to work harder in the foundation,
especially health, education and civil rights. But also we are
(51:25):
getting involved in a new activity. We're working in in gas,
in gas production of gas and energy. We are doing
her themical energy erthermical that means that we take it
from from steam underground hertermical and we're producing also gas
(51:55):
and we are looking in the way to make some oil.
We think that guys will be a great substitude for
the plans of energy and we are working on that.
But also we have obviously we are working strongly to
(52:16):
increase the activities of the bank. We have grown important
way the last two years. Especially it's a good bank,
a big bank, but it's getting stronger and higher. And
we are also working stronger in the telecommunication business. And
thetel communication business we have like twenty four countries and
(52:40):
we are working hard to have a better service and
to go very advanced in the technology we give them.
We gave et cetera, et cetera. And we are also
in other in other business like real estate. We have
a company working in the environment very strongly in the environment,
(53:00):
that is recollection, recycling and incineration of the garbage and
we have operations in US. We are also in management,
water and construction. In construction, we have two companies, one
in Spain and one in Mexico that have a big
(53:21):
work in construction.
Speaker 1 (53:23):
We didn't talk about Russia, and I was just wondering
what you're feeling is as to where that's all going
to work out with Russia.
Speaker 4 (53:31):
Well, I think Russia is a very important country with
a lot of resources. I think that the problem of Russia,
that maybe it will be changed, is that they still
have agricultural mentality. We were talking about the agricultural society,
industral society, and the technological society. If you look the Chinese,
(53:56):
the Chinese fly away from the primitive agreeful out of
consumption and rural to a very advanced technological country and industrial,
modern industrial county. And Russia is still there, still thinking
in the oil and gas and looking for bigger territory
(54:19):
in the industrial society. Nobody thinks to increase the territory. Actually,
US that took so much territory from Mexico finish in
the nineteenth century. We need to assay agree to society.
But now nobody in the world, I look, excepting Russia,
one to increase the territory. But you are looking to
(54:40):
do is to increase your market, to increase your economy,
to increase your technology, to increase to make that your
population get out of poverty. Because poverty is not only
a problem of social justice and ethics, is a economic needs.
You need to have people out of poverty for part
of the economy, to for part of the market, to
(55:04):
be part of the education and employment, et cetera. But
in Russia they maintained strong oil and primary products, primary
basic problems, army, war and looking for territory. That's the
(55:24):
old issue. That's not the way to develop a country.
I think Russia has very smart people. Actually, the Russians
that have gone out of Russia are developing technology. Many
things of technology are developed by by Russians outside. You
remember that in the types of communies maybe fifty years ago,
(55:45):
we talk about the Russians that were very good for
mathematics and science and all this. Well, we need I
think it's the change that we need to have. I
think actually, maybe put in now that he's friend of
the President of China, Tea should explain the President of
China how technology is important, how is not territory. Important
(56:08):
and importance is to have growing an economy, to have
a better income to people. I think Rugia need to
make these changes.
Speaker 3 (56:17):
Well, we've taken so much of your time. I can't
get over how generous you've been with your time with
us and how much we appreciate and know you. And
I could have an argument. Who's a better friend to Paul?
He he's my very dear friend. But he loves you
so much. The way he talks about you is is
very endearing. Is he He just cares about you and
(56:39):
loves you so much. He loves the time he spends
with you. I know that it means so much to him.
Speaker 4 (56:45):
One of my my concern is that my best friends
live outside Mexico. My might have even my my brother Paul.
I have also a very great friendship with with Aker.
(57:12):
You know, with Aker that was in charge of AT
and T and then from General Motor. But it was
in Bad Jake. It's zero Bay in Spain. It isn't
great because you don't we see every two months, every
I don't know how long. But thank you for the conversation.
(57:32):
It was for me very interesting to talk about so
many things. Thank you, Thank you Chris, we thank you
so much. You know I love you and for you
to do this for me, I only know that people
are going to learn so much about things that they
were privy to reach the vast majority. So from Skip
(57:55):
and I, we thank you so much and I'll hope
to see you very soon.
Speaker 1 (57:58):
My brother.
Speaker 3 (58:01):
And dios Tabandiga meant.
Speaker 1 (58:10):
Our Away with Paul Anka and Skip Bronson is a
production of iHeart Radio.
Speaker 3 (58:15):
The show's executive producer is Jordan Runtog, with supervising producer
and editor Marcy Depina.
Speaker 1 (58:22):
It was engineered by Todd Carlin and Graham Gibson, mixed
and mastered by the wonderful Mary Dude.
Speaker 2 (58:30):
If you like what you heard, please subscribe and leave
us a review.
Speaker 1 (58:34):
For more podcasts on iHeartRadio, visit the iHeartRadio app, Apple Podcasts,
or wherever you listen to your favorite shown
Speaker 4 (59:02):
Pa
Our Way with yours truly paul Anka and my buddy
Skip Bronson is a production of iHeart Rating. Hi folks,
this is Paul Anka.
Speaker 2 (00:12):
And my name is Skip Bronson.
Speaker 3 (00:14):
We've been friends for decades and we've decided to let
you in on our late night phone calls by starting
a new podcast.
Speaker 1 (00:20):
And welcome to Our Way. We'd like you to meet
some real good friends of ours.
Speaker 2 (00:25):
You're leaders in entertainment and.
Speaker 1 (00:27):
Sports, innovators in business and technology, and even as sitting
president or two.
Speaker 3 (00:33):
Join us as we ask the questions they've not been
asked before, tell it like it is, and even sing
a song or two.
Speaker 1 (00:40):
This is our podcast and we'll be doing it our way.
Speaker 4 (00:47):
We are very clear my family and me. You know,
I think in business is important that the family is
before everything. After family, you go to a business and
then you go to Ukovic. I think that business man
and an entrepreneur that we are creators of well, but
also we managed well, but we are temporary managerself well
(01:11):
because we don't take anything with us.
Speaker 5 (01:26):
Hey Skip, Hey, there he is. There's the guy. How
are you doing?
Speaker 6 (01:30):
You're getting ready to go to our guests. This week's
Homeland Mexico and leave you soon.
Speaker 5 (01:35):
You tell me, yeah, I'm going to Cabo really looking
forward to it.
Speaker 7 (01:38):
I can't believe you're able to get Carlos Slim to
do a podcast.
Speaker 5 (01:42):
I know you're close friends, but you know that's awesome
to get.
Speaker 6 (01:47):
You know, he was You and I sat with our
lists and it's as very diverse one as you know.
And I think that I've leaned on some friends as
you have, and they've both come forward. But I think
that getting Carlos you're going to have a very interesting
conversation and an educational kind of vibe to it, because
(02:09):
the guy at his age is super smart, super sharp,
and he's the humblest guy of that elk, of all
of them that you and I know that I've ever met,
and he's just one of the most beautiful human beings.
He's got all his priorities, but his family's ahead of
all of it. But this guy, you're going to really
(02:30):
sit there and go, Wow, what a superstar.
Speaker 5 (02:33):
This guy is a human being.
Speaker 7 (02:35):
I want to remind him. In two thousand and eight,
I met him, Barry Sterlett. He called me up and
he said, listen, got Carlos Slim. Lady Linda Rothschild and
another friend of Barry's, Rick Earthen, And he said, we're
going to go take a look at some hotel properties
and things we can buy. Carlos wants to invest, and
(02:56):
it's an opportunity to spend time with him. I said,
you're getting fantastic. So on Barry's plane flew to San Diego.
Uh looked at it at the La Consta Resort, ironically,
a place where I used to have a home. Then
we flew up to northern California, and you know this.
At the time, of course, I knew him as the
richest man in the world, and I just couldn't get
(03:19):
over what a humble guy he was.
Speaker 5 (03:21):
Just he was just thoughtful and kind.
Speaker 7 (03:23):
He wanted to hear what you had to say, didn't
want to just talk about himself. He was interested in you,
interested in ideas, and just I thought he was great.
But I got a kick out of it because we
went to a restaurant in La and we had to
make sure that they had a television because the Yankees
were playing. Wasn't it I mean it wasn't the World Series,
It wasn't a playoff game, regular season game. He said,
(03:46):
Oh no, I got to watch the baseball game. So
we were calling all around our you know, assistants were calling, Hey,
what restaurant has a television where we can eat, you know,
watch TV, watch a baseball game.
Speaker 5 (03:57):
So we did that and yeah, yeah, and I know,
I know how close you are to him, and you know, yeah.
Speaker 6 (04:02):
Extremely And you have a pick. Can't you show me
a picture a while? But you've got to bring it
and show it to on the zoom and remind him
because you remember.
Speaker 5 (04:09):
Yeah, I should do the habit. Actually I'm going to.
I'll hold it up to the screen.
Speaker 6 (04:13):
He'll totally remember. His memory is remarkable. And it's just
you know, I got a circle of friends and you know,
you're right in there, and I've just got friends that
are just unreal. And he's just so special to me
because I come to know what a kind of human
being he is.
Speaker 5 (04:31):
And he's very rare, very rare.
Speaker 7 (04:34):
He's known for being wealthy, but he's also known for
his philanthropy. I mean, he has done so much for
so many and I really want to.
Speaker 5 (04:43):
Hear about that.
Speaker 7 (04:44):
I want to ask him about that and hear how
he makes his decisions on you know, where he dedicates
his reasons.
Speaker 6 (04:51):
His family is very involved in that, the foundation his business.
You know, I hang with him, we have dinners, and
I just see exactly intelligent they are. The love that
they have for him and the love they have for
what they're doing is going to be it's just amazing,
you know. But it's gonna be very cool. I'm really
looking forward to this one big time.
Speaker 7 (05:12):
I could also mention the fact that I met him also,
and I'll say this one of your weddings.
Speaker 5 (05:19):
Where I will.
Speaker 7 (05:21):
You're so, I was seated between Carlos Slim and Warren Buffett.
Speaker 5 (05:28):
I mean, how many places do you go where that happens.
Speaker 6 (05:31):
Well, I hope it's the end of it for me.
Speaker 4 (05:34):
You don't for meeting him again and any of that.
Speaker 6 (05:37):
Well, there's one more to go, and that'll be the
final one.
Speaker 5 (05:39):
There you go, one more. Come on, you got you
got a good you got a good girl. Now we
gotta get the best. I got the best.
Speaker 7 (05:47):
And something tells me Warren Buffett and Carlos will be there.
Speaker 6 (05:52):
Uh yeah, they'll get invites.
Speaker 5 (05:55):
Yeah they can get there, they will.
Speaker 1 (05:57):
But you'll be there, my brother.
Speaker 7 (05:59):
You say, but I got off behind marks for you know,
it's funny with podcasts, there are some guests that you get, like,
you know, we had Mark Burnett, he doesn't do podcasts,
you know, other than they really don't. We got Alec
Baldwin in the middle of all the stuff he's dealing with.
But Carlos Slim, I mean, come on, that's no who
else has Carlos Slim on the podcast? It's crazy nobody. Yeah,
(06:22):
I'm really excited about listening to him. This is gonna
be very cool, very different, very good.
Speaker 6 (06:27):
Just sit back and listen and you're gonna love it.
The guy is just full of all good stuff, good stuff.
He's got to beat on everything.
Speaker 5 (06:34):
I can't wait. I can't wait.
Speaker 6 (06:36):
So let's root for the Rangers here, buddy.
Speaker 5 (06:39):
Yeah, I'm doing it full speak.
Speaker 4 (06:41):
Ye, root for them.
Speaker 6 (06:42):
This series is on, as you know, so let's.
Speaker 4 (06:45):
Get it at the end.
Speaker 5 (06:46):
Looking forward to that too.
Speaker 6 (06:48):
Okay, man, Well you travel safe and I love him.
Speaker 5 (06:50):
Okay, thanks, I'll call you from Mexico. Okay, man, love it.
Speaker 1 (07:02):
Hello everybody, it's a Skip and Paul on our way.
And we've been having a great time doing this. We've
had that many friends on and we've had some great,
great interviews. But I must tell you personally that today
is probably the most special the man that you're going
to meet, that you're not going to see a lot,
(07:24):
because he's one of the most humble, sensitive people I've
ever known, a man I've known for years and years.
I want to qualify that he's a great man. He's
someone that I've shared so many hours and days with.
So it's going to be a very warm and friendly
and informative conversation today with someone that I love very
(07:44):
Dearly folks. Carl Slim from Mexico City is on with
Skip and I. Carlos, Welcome to our broadcast.
Speaker 4 (07:53):
Thank you, Thank you very much. Paul, and I know
that you are a really very good friend. That's why
you say so kind and things about me. Thank you
very much for what you have said that in parties,
because we have a great friendship for many years.
Speaker 1 (08:11):
Yes, Alas, I want to go back to the beginning
before we get into business and other amazing things that
I know are about you. Take us back to the
beginning with your dad, how you started and what motivated you.
Speaker 4 (08:26):
My father have a problems with the heart. He has
in partos some problems, important problems, and that's why he
tried to teach us to learn about in my case,
about business, because he know that I like this kind
of activity. And he gave me job, and he revised
(08:52):
my job, and he said that it was good or
it was right, and actually he pus away a little
laughter all the jobs I do. He passed away when
I was thirteen years old, but he left a lot
of values and principles to the family, and especially for me.
(09:13):
It was really very tough to lose my father at
this age. It was painful, and I took like two
years to get back. The issue was not the best
time to lose well, it never really is a good
time for lose your father. But when I was so young,
(09:36):
I stayed two years with big, big problems of pain
and angry. But then I went to high school and
I begin to study and to be good friends and
go to movies. But he left in me a lot
of principles, values knowledge that I still have them very clear.
(10:00):
Many of his words I still to use. We have
them like values in the in the corporations. Two or
three of them they are there, are there two or
three of the ten we have they are very clear there.
And it's very very difficult times.
Speaker 1 (10:20):
What what motivated you, Carlos to succeed when you first
started out in business.
Speaker 4 (10:26):
Well, you know you have a tommage, you have any vocations.
But your personality and your character and your interest and
concerns are getting as time to go by more clear.
And for me at the beginning in the university, when
(10:48):
I was in Integrade, I begin to give the classes
like a professor to to third grade in algebra. I
was happy to teach. I was happy in the university
world like a professor. Then I took two courses, a
small courses about economy and evaluation of projects. I went
(11:11):
also for three months to Chile that was part of
the Latin American economic from the United Nations. And at
the end I took a sabbatic year. In sixty four,
when I was twenty four years old, I decided to
take a sabatic year. I traveled, I read a lot,
(11:32):
and in sixty five I begin my activity like businessman,
creating two companies. One a bottling company that we both
bottling company for Mexican soft drinks that the name was Carritos.
And then I created and founded the in Barzila busaty
(11:55):
that today is a very good financial group and with
a a good choice and a lot of services and
a lot of customers. That was my first two groups.
Then also in the same month, maybe sixty six, I
make a construction company and I make a real estate company,
(12:19):
and I begin to create some companies during these third
years of my business life. Then in the seventies, in
the sixties, I get involved so very strong in real estate,
a lot of real estate around the city, around Mexico City.
And in the seventies I begin to get more involved
(12:41):
in industry, and we get very involved in industry, and
we have a big problem in Mexico in eighty two.
Well was a problem worldwide was the problem of the
external debt. A problem of the external debt was in
eighty two because the inflation in JUS was of two
(13:04):
digits and interest rates that said the federal bank but
was twenty one up of twenty one percent, and you
know twenty one percent is very difficult to be paid
for the governments and for some business after they used
to look for a lot of credit. At Mexico and
(13:25):
other countries of Latin America have the crisis of the
external debts from eighty two until lighty nine, but in
eighty two after the evaluation, they came also the appropriation
of the banks, and nobody wanted to have invelvements and
was really a very very important time for the group
(13:47):
to make investments. And we make a lot of invelvements
in eighty two, eighty three, eighty four, eighty five, et cetera,
et cetera, and we create an important group not only
financial but also indus trail groups. During the eighties, we
get involved in many involve many companies, some of in
(14:11):
the market and other in the stock market and others
in outside the market. The market the stock market, and
we make a very interesting industrial group in the ages.
Speaker 1 (14:24):
Because how many employees do you have all over the
world today, I think.
Speaker 4 (14:28):
We should have like three hundred and fifty thousand, and
with in pasion they will be like sixty thousand already
red tie, but we have like three hundred and fifty thousand,
mainly in Mexico. In our company that we have in Spain,
we have like sixty thousand workers. And we have a
(14:51):
twenty four company telecom companies in Latin America and Austria
and some other countries of Europe, and we have like
three cod the fifty thousand.
Speaker 1 (15:03):
You mentioned earlier, Carlos, the economy, how do you set
the current state of the global economy and what factors
do you believe the most critical for growth in the economy.
Speaker 4 (15:17):
We're leaving an important change, a very important change from
the industrial civilization to the technological civilization for seculary economy
to a tercharry economy. And you know, all civilization changes
create a lot of problems. Many people is living in
(15:38):
so comfort that they don't want to change. And there
is something that I learned with the Alvin Tefler. Alvin Tefler,
I met him in ninety one and we get very
good friends. We talk very often. And his point was
that to move from the agricultural society to industrial society,
(16:02):
it looks like count fifty years to move from the
agricul dural society to the industrial society. There were a
lot of things. You have the Civil War of the
United States where they tied the North of US that
were industrial were in the second secondary steps in the
(16:24):
industrial civilization and the South that were still in the
agricul rural society society and they have you have the
Civil War in the US. Then you have these revolutions,
Diffrench Revolution, in Mexico Revolution, some revolutions that you have
a lot of problems to move from the from the
(16:48):
agricultural to the industrial, and they took a lot of
time to move ahead in the industrial society. Actually, many
countries still are in the agricultural society in big parts.
And now that we are that we begin with this
technological civilization. Services is a society of services and digital society,
(17:12):
whatever do you want to name it. Things are changing,
are changing faster, and the change is creating problems because
governments are not conducting the change. These changes would be
conducted by governments. I will say that the only country
that was clearly moving it and driving it was China.
(17:34):
Other countries of Asia also make the conduction of the
of the change of the civilization. And Albin Alvin Toffler
used to say, actually it says also in a book
in the nineties that Europe will have will will will
have problems to move to the new civilization because they
(17:54):
have a level of level of comfort so big that
they don't want to change. And we already have looked
at in France when they want to increase two years
the age of retirement. How the biggest strikes they have
there and how the people don't want to move, don't
want to change, don't want to change the comfort. And
(18:15):
now we're looking one Europe that is getting back, that
is not moving ahead, let's say not getting back, but
not moving ahead. They are not moving to the new civilization.
That's not good. And you have other countries like China
that moved from the aglicul to ural society, that were
rural areas and auto consumption to a country that is
(18:36):
already with high technology, with a very advanced industry, et cetera.
We are in this change of humilitation. But then recently
in the last few years, China have done very good.
China has done most of its strong development in this
century in the last twenty years fifteen to twenty years.
(19:00):
And uh United States stay behind. Three years ago President
buy and All March thirty one that we need to
go to economic war against Chinese. And before that there
were another problem between the US government and the Chinese.
But now it is clear the Americans look that they
(19:24):
cannot be global and they cannot buy whatever is cheaper.
They understand that they need to have the essential goods
they need to produce in US and now the United
States are strongly making efforts to produce the good that
they need in the US. But also they look in
(19:47):
the partnership that Mexico is having with United States and Canada,
the importance to bring things to produce in Mexico because
they can be all efficient. That China are very competitive
with China, but we are in a near shoring that
you don't need to pay whatever price to bring the
(20:11):
goods from Asia to America. Remember that the containers that
used to be two thousand dollars container the transportation suddenly
China increased to twelve thousand. It was clear that you
cannot buy things that can move the prices of transportation
(20:33):
from one day to another. And that's the big change.
The big change is that we are moving from a
global society now to regional society. No, we have a
region that is North America, Canada, US and Mexico, and
China is doing something there with Russia and other countries
(20:55):
and now they will be regional. But also blow.
Speaker 3 (21:02):
When we got started, I remembered that you and I
had met in two thousand and eight with Barry Sternlicht
and Lady Linda Rothschild and Rick Gerson, and we were
flying around. You were talking now about opportunities and the
way things have changed. You know, we're looking then in
two thousand and eight, we had a bit of a
crisis and there was an opportunity to buy real estate projects,
(21:24):
you know, more efficiently, less expensive than in the past.
And I said to Paul, one of the things that
impressed me so much about you was how humble you
are and what a kind person you are. And you
had great interest in other people, not just talking about yourself,
but more about ideas than things. I'm just curious in
(21:48):
our country today, in the United States, our political situation
is very different than it was back in two thousand
and eight when I first met you. Back then, you know,
the Republican had a point of view and the Democrats
had a point of view. But they can at least
they can at least work together in sort of a
kind cooperative way, even though they had different ideas. I'm
(22:12):
just wondering what you think about what you see happening
in the United States now politically, how you feel about that.
Speaker 4 (22:19):
Let me go a little back. We are very clear
my family and me. You know, I think in business
it's important that the family is before everything. After family,
you go to business and then you go to your hobbies.
I think that businessman and entrepreneurs that we are creators
(22:41):
of wealth, but also we manage the wealth. But we
are temporary managers of wealth because we don't take anything
with us. We are temporary managers of wealth. So that
is something important. Then, in my opinion, the crisis of
two thousand and eight was coming from two thousand. You
(23:03):
remember in two thousand we have a big crisis in
the markets. In March of two thousand, the stock is
changed fall down strongly. The situation economic was very tough.
And you remember we have the Grispan was in charge
of the head. The internet rate was six point seventy
(23:23):
five percent, and then they begin to take down the
interest change to one three one point seventy five in
one year. And then in two thousand and one the
market fall down forty forty percent, thirty percent. It was
a very tough situation for the economy. We were worried
(23:45):
at the fall of the market go to the banks
and to the real estate and make a big crisis.
But the president the Bush begin to be very active
with sending checks back and getting the int rate to
one report to one for seventy five percent interest, putting
(24:06):
a lot of money everywhere. Actually it finished also with
the war in the Irara that was part of that,
and in two thousand and three that things were already okay.
Instead of going and clean up whatever was done before,
it followed the depsits. That's what we have many depsits
and that why the two thousand and eight prices came
(24:28):
and the crisis was thought. Because I think it was
a mistake. They bankropped Lemon, remember now, and then when
President Obama get on charge, he needed to put put
one billion dollars for City Bank, one billion dollars for
General modeors. They he supported many of the business that
(24:51):
was in some bad conditions. I think it was a
difficult moment, but things wal ahead because it as a
good job. But they do for compounds all this in
this moment. I think that in US, and it's not
(25:11):
nice for the world. There is a division in the
country that is not good. You need to be together.
You need to be to be in union, the north,
the South, the center. Everyone should be American. I think
like they used you used to do for many, many
many years, but now it's a big division economical, politically, socially.
(25:33):
I don't know why the division is so growing. And
you have now the competition of the two presidents that
already compete a few years ago. I think that at
the end of the day, the economic will be good.
After the political issues and all these things, the economics
(25:55):
will be in good shape, and Mexico will be part
of this change. I think there will be a big competition,
and I am glad that the competition is in this way,
a big competition between US and China. But the good
thing is because a big competition in technology and economy.
(26:17):
That's the competition that I saw. I see for the
future in more technology, more technology development, and a bigger economy,
stronger economy, and China will do that also. Around geographical
like I was telling now is like I say geographical
(26:38):
group because I think a competition and I think that
US is going to do it better. A few years ago,
I was concerned looking that most of the money that
the big business of US was going to entertainment. I
don't understand why there will be everything in entertainment and
(27:00):
Netflix goes ahead that the others get back and stay
in some way more quiet. But now you are looking
that the technology you are going to go very fast.
You have the report today of a media they do
fantastic and media the chip, the chips and the semiconductors,
they can grow extraordinary in this quart very very very
(27:24):
ski advanced. And I think that the US economy and
the corporations of the US will be doing a good,
very good job the next years. And I think that
will be very important the partnership of Mexico for many
of the of the issues to produce to produce here.
(27:46):
In some ways the US economy, especially in the label,
you have less blue collars, the blue boo collar cap
disappeared the efficiency that they used to have many years ago,
and now you have the employment in services. The labor
is mainly in services, including the Waldmark and MacDonalds and
(28:09):
whatever you like. The Amazon. They are mainly in services,
and the blue collars are not as good as they
used to be. They go to the coffee break, interruption
of work, et cetera. And that's where Mexico can be
very important to make these w It was also important
(28:30):
that the Chinese president went to San Francisco to the
meeting that you have a few months ago, and that
is say later that they are not thinking and they
don't like a cold war world. That's very important. And
they are both country thinking in economy and technology. I
(28:55):
think that's important for them and for the world and
for the for the advanced. Now the intell artificial intelligence
is coming fast and strongly, and immediately you see the
American company is already there. In the American corporations are
already in artificial intelligence. What problem plan we have in
(29:21):
artificial intelligence we can It will increase the productivity and
it will not so slowly disappear many label many labor
will be done with artificial intelligence, not by human beings.
That's why I have a few years many like ten
or fifteen, I don't know how many talking about the
(29:43):
change of labor. Instead of working five days of some
countries are doing for to work three days eleven or
Coward fowers. And in this way you have people that
were Mount Juday well day and people that work third, Friday,
young and Saturday. In this way you multiply the opportunities
(30:05):
of employment. But also instead of retired as sixty five
or sixty sixty five, they need to retire at seventy
five because already. You look at Europe and the US
the cost of the patient funds and you pay the
patients and the health for the family, there are no
funds to pay that. That's why Europe is moving. That's
(30:27):
why the French government went to move two years. And
I think that if the new people that work three
days retired as seventy five years old, you take out
the big problem of the pensions at sixty five, when
people is living ninety years old in su Mari. I
am positive of the near future of Aware countries.
Speaker 1 (31:00):
Carlos. I've spent so many amazing times with you, and
I agree with you on the politics. I think it's
become very tribal in this country unfortunately. But one of
the great moments was the first time you took me
through your museum in Mexico City, which is one of
the most incredible, incredible museums I've seen in modern times.
(31:24):
Your love of art, where did it come from? How
many pieces do you have?
Speaker 2 (31:27):
You know?
Speaker 1 (31:28):
Tell us about how it all started with that love
of art and it culminated in this amazing museum that
everyone I think should see. It's just an amazing experience.
Speaker 4 (31:38):
Well, my wife love art when we went to Colimoon.
We went to the museums in Europe. Every time we
go there, we go to the museums. We may get
involved in some more options to buy so MRK for
our home. But I have a friend that tipasaway, a
(31:59):
young friend, very very intelligent and cured with high levels
of Curtura knowledge, and he recommended me to buy a
collection from colonial art in Mexico. It was in the eighties,
late eighties. I bought the collection. But when I about
this big collection, it was to do a museum. After
(32:23):
I about the collection, I built the I make a
development development in an old factory and I make the
museum there. The inauguration was in ninety four. And then,
looking that people love to go to the museum, I
make another museum in the in the other side of
(32:44):
the city that the museum. You know, the inauguration was
on thirteen years ago, and the people going there well
by by beginning I offered that free, that is free
always all the days, for all the life. My idea
(33:05):
is that the museum is free for the people to
go and to enjoy. And I am very happy to
look that they go, Families, that they go, young people
like they know from schools. That's really really very a
big motivation for me to look how many go there,
(33:26):
how much they enjoy, how clean they have the museum
because they don't. You don't look that they painting badrooms
out or something. And it has more many millions of
people going there, and I am very happy and motivated
to look back. And because of that, I follow, I
follow buying in auctions in many options the art. We
(33:51):
already our our main issue of the foundation is social.
That's why now now we are more focused to the
social issues and we have big programs of education. We
have agreements with the universities of US. We have agreement
(34:11):
for many years we can academy, can academy for basic education.
Mainly we have a lot of agreements to give education.
And we make also by ourselves a lot of training programs.
And these training programs is for people to take this
training program for jobs. That means that if we want
(34:36):
to be in tourism, in the kitchen, in cooking, whatever
he wants to do in mining, in construction, he can
take these courses and with these courses take the job
more easily because he already have training to work. Because
it has been very successful that we work in head
(34:58):
like I say, in in education, in sports, in culture,
in other social issues, human rights, many many things. We
are working in the Foundation, and we're very happy to
do that. We know that the Foundations didn't solve the
problem of employment, but they solved the problem of scaled education, training,
(35:24):
enjoying the museums, enjoying sports. We have a sport, and
we are very glad to develop the society with these
programs of the Foundation. But also we have clear that
the way to wat type of poverty as education and
your work labeled to have opportunities of work.
Speaker 3 (35:44):
So for most of us who learned about you, it
originally happened when Forbes magazine listed you as the richest
man in the world. It was quite an accomplishment, needless
to say. But now you're known so much for your philanthropy,
for your generosity, donating to so many causes. But how
(36:04):
do you decide where you donate your money? There's so
much there's so much need in the world. How do
you decide where to donates?
Speaker 4 (36:12):
Well, first of all, we put the money the foundation.
The foundation have the money there. Second, the Foundation moves
immediately when we have a crisis a problem let's say
the Cura can of Akapulco. The next day we are there.
We are there to support in many ways. Let's say,
(36:35):
first of all detail communications. We go very fast to
make them work again. But at the same day the
problems made. The main problems is food water. We send
sixteen portabilizing machines for water, water and and help food
(36:56):
and then help we make commigations. And then after that
you finished with the problem of the food and the
emergency and the health. That is very important to take
care because in this place and you have a lot
of mosquito and you have another issue in the hospital.
(37:16):
We lend them the motabilizing equipment and for energy also,
and then we also bought from energy to have a
in the in the mobile service faster because there were
not power electric power available. The next step mainly is
(37:40):
make a renaissance of a caul to make a Capuco
come back. A Kapulco was down for many years, and
now we went to we're working for the restoration of
schoolsters and houses, who are taking a big number of
houses like fifteen hundred to begin to make them come back,
(38:04):
to have the ceilings okay, and the we want them
to paint outside in some good colors in some areas
to have the same color. We will try to do
that and we're working still in that. So that's one
of the problems when we have the earthquake of twenty seventeen.
In this earthquake, we put a lot of money. We
(38:28):
invite other people to put money and they put five
five for and we put five for everyone that they
put and we have a lot of money for the
recomperation we finish. Our job is begin the twenty seventeen.
We finished it like two years ago and with the pandemia,
we managed to have a six hundred thirty beds in
(38:51):
the hospital in the unity. No, it's not at that
was the emergency we do. And you know, we find
something very interesting. You remember when they intube the people,
many of them passed away. Instead of using the the intube,
we use something called full tasks of high flue. That
(39:13):
means a respiration with a high pressure to be like
if it's very que and seventy seventy percent of the
people that use this this doesn't need to make to
make the tube until a meet. They put the very
strong fifty and it worked very fast. And uh, we
(39:39):
managed like more than ten thousand people there and it
was very successful. Actually, many of the people that were
there that were more than three thousand people, there were
a lot of people working there. They were the high
quality people working there. And they get sick, some of
them or many of them. And about the pass away.
(40:00):
Another that we used to do is to go to
these james and take out the people that were there
because they were poor and cannot pay two hundred dollars
or three hundred dollars. So the people that were not
with violence and were the first time they had something,
we pay the fire the pianza and we get them
(40:23):
out of jail because they were in the jail because
they were poor, not because they were criminals.
Speaker 1 (40:42):
Your renovation in Acopoco, which you explained to me last
time I saw you, you know, Aco Poco to the
Americans was the place. How long is that going to
take finishing that project? Carlos? And are the cartel will
they be out of that region?
Speaker 4 (40:59):
Look, uh, I think the reparation of hotels and houses
and schools will be finished in my opinion this year
six months maybe maybe this year. The condominiums are more
complicated because they have forty owners and one owner owners
(41:21):
think something and the other thing another. We don't know
if they have insurance, et cetera, et cetera. But I
think the main issue is security and security. There is
the compromise of the government to put many places where
(41:41):
they have the National Guard, and that's not the way
that they put order. But we need to have a
better security situation in a Caulco to make it popular. Actually,
we're planning to make a visit in the first week
of you to look how we are advancing on that.
(42:03):
We have a permanent people there working, but we're going
to make a checkop and maybe the ambassador of US
is coming with us.
Speaker 2 (42:12):
I'm going to be in Mexico tomorrow.
Speaker 3 (42:14):
You're you're talking about Acapulco, where obviously there was a
lot of tourism from the United States. Now I'm going
to Cabo San Lucas tomorrow with friends. I can't get
over what's going on here. It seems like every time
I go there's another hotel, you know, being built. It's
it's just phenomenal what's happened in Cabo. Isn't it remarkable?
Speaker 4 (42:34):
That was a Lucas have done a great job and
like you say, it's growing Extrowdinari Cabs and Lucas. Once
begin the development maybe eighty years ago, I mean a
lot of time ago, but in the last twenty years
it had been very successful. After a Capuco it came.
Do you remember Calcun Yeah, of course can to look
(42:57):
also with big developments, but loss is very very important.
Los Cabos for people of California and some of Canada
is great. We have a lot of development north of
Los Cabos, you know La Pass and there are many
places up near near the California that are beautiful places.
(43:17):
They are doing some developments already there. And now we
are with a new program in Mexico called Riviera Nayarita.
That it is Nayarita. You know Puntamita, Yes, in Punta
Meta and all Bayarda, Porto wa Yarta, Porto wa Yartaa.
(43:39):
It will go north until until some blasts that will
be Rivera Nayarita. There are like four big developments coming.
Puta Meta still is going to do two hotels and
if you put me is beautiful and only way to
the north have you full beaches. And it's another new
(44:03):
big development. It's already big and old YadA. It is
a very big development already, but it is going more
to the Nayarit Rivera Nayarita north because Porto Kalisko, near
the middle and north of Calisco is nayari and that's
(44:26):
also what we are calling Rivera Nayarita.
Speaker 1 (44:29):
Are you putting a road? Didn't you tell me last
time I saw you? You're building a road from south
to north or north to the south.
Speaker 4 (44:37):
We make we make a road from the airport of
Puerto Aayarta to the to the airport of the peak
in Nayariit. That's all the way, all the Rivera Nayarita
is taking there. It's beautiful this road because you you
move from Tomarria part to other places and suddenly you
(44:59):
find we see in prot of you, it's a beautiful road.
Speaker 3 (45:03):
There's so many beautiful places. I went to San Miguel
and I couldn't get over how beautiful it was.
Speaker 4 (45:08):
There's a lot of population of retired, retired people living in.
Speaker 3 (45:15):
There are so many people in California that always went
to Hawaii. That was where we went, and now you know,
more people than ever before going to Mexico. You know
the people are so kind, you get amazing service. The weather,
of course is wonderful, and the fact that it's so
close in comparison to going to Hawaii, it's just a
(45:35):
much better choice for a lot of the people who
live where I do in Los Angeles where Paul lives,
pretty pretty easy to get to.
Speaker 4 (45:44):
Fantastic what happened there, the way they grow the hotels,
because of land, the houses, everything, but totally they are
doing things in the in the in the Sea of
Fortees there are a beautiful place in development, and in
La Pace it's also growing. And then you have Loretto
(46:06):
that is beautiful, but it is not enough airplanes going there,
but it's beautiful, and there are golf courses, a big
beautiful mountains. It's beautiful and you find a lot of
of sea life. Actually the blue the blue whales water
in the December any February year near around Loretto. But
(46:31):
you always find animals in the sea and you see
whales and dolf a lot of golf in. I think
it's a beautiful larry and near near California. When you
have Pelippe, you have in Senada, and Pelipe has not
grown as much it should be done. And you have
(46:53):
also the other side of the of the of the sea,
you have a sonora that also beautify for places. We
have to have better security all around because there are
these problems. I tell to some people of the US government,
you stay with the with the drug and the money,
and were staying with the arms and the bayous. We
(47:16):
need to put order there in the two sides now
not so much heart coming here and not too drugs
going there.
Speaker 3 (47:23):
You have so many interests, it's just yourself fascinating. Your
business are baseball. But my question do you still I
know you have had an investment in the New York Times.
Are you still an investor in the New York Times?
Speaker 7 (47:38):
No?
Speaker 4 (47:39):
No, We we get involved to support New York Times.
To remember they have a big problem, yes, and they
are not having a financing, but we get financing. We
have some convertibles, but it's completely a financial issue. We
don't want to be in the in the world. We
don't want to be giving opinions. We don't get We
(48:02):
are in business and we don't want to get involved
in media. Accepting like investments. We already make a big
invevement on those times in you not by the one
of Spain, the newspaper of Spain Spain. Yeah, we have
involvements there, but nothing to be in the media politically.
(48:25):
We don't want to be in media.
Speaker 1 (48:27):
Charlos, how would you describe your your leadership style with
everything that's going on, what is your style of leadership?
Speaker 4 (48:35):
Well, I have people in charge and I have the fortune.
It was a big fortune that my sons like like
to work in business, like to be in business with
the principle and values that we are. Also, my sony
laws are involved. Now, my grandchildren are getting involved. Actually
(48:58):
there are already two grands beginning to get involved and
with a lot of responsibility. And well, I think that
that's very important.
Speaker 1 (49:08):
Everybody should know that it's twenty one grandchildren and amazing
twenty three now, an amazing family. They are so close.
And I went to Carlos's birthday party a few months ago.
They had a big party at the museum for him.
And the love with that family and all those grandchildren,
(49:29):
I mean, you have to be the proudest man on
earth because it's so evident how much love they have
for you. The kind of family life you have.
Speaker 4 (49:38):
Carlos, family is the first thing, and I have the
fortune to have the love of them and that each
love is that everyone love each other. That's right, that's
very because you love each other. And now we have
a new member of the family called I am grand grandfather.
I have a girl three months old and everyone looks.
Speaker 1 (50:02):
That's right. We were talking about that when she was
about to come into the world a few months ago.
Congratulations again. But what a family, Carlos. To see that
is just heartwarming, heartwarming.
Speaker 4 (50:15):
Thank you, thank you for the very It's the best
bit I mean, you can have, without doubt, the low
family and the love between remembers each other. Actually, also
there is a very good relation with the other family,
my brother's owns, my brother children, they have also a
(50:37):
very good relation with them. Is a big family loving
each other.
Speaker 5 (50:41):
Can see that, Yeah, no, wonderful, that's.
Speaker 4 (50:44):
That's so great without jellous without them, buy that's right.
With a nice communication rare.
Speaker 1 (50:50):
In today's world, Carlos, Carlos, there's any specific goals that
you have right now at this point in your life,
any projects, goals, projects that are are important in this environment.
Speaker 4 (51:02):
Well, we want to to increase the activities of the foundation.
We need to do more, We need to do that
mainly in Mexico. We want to work harder in the foundation,
especially health, education and civil rights. But also we are
(51:25):
getting involved in a new activity. We're working in in gas,
in gas production of gas and energy. We are doing
her themical energy erthermical that means that we take it
from from steam underground hertermical and we're producing also gas
(51:55):
and we are looking in the way to make some oil.
We think that guys will be a great substitude for
the plans of energy and we are working on that.
But also we have obviously we are working strongly to
(52:16):
increase the activities of the bank. We have grown important
way the last two years. Especially it's a good bank,
a big bank, but it's getting stronger and higher. And
we are also working stronger in the telecommunication business. And
thetel communication business we have like twenty four countries and
(52:40):
we are working hard to have a better service and
to go very advanced in the technology we give them.
We gave et cetera, et cetera. And we are also
in other in other business like real estate. We have
a company working in the environment very strongly in the environment,
(53:00):
that is recollection, recycling and incineration of the garbage and
we have operations in US. We are also in management,
water and construction. In construction, we have two companies, one
in Spain and one in Mexico that have a big
(53:21):
work in construction.
Speaker 1 (53:23):
We didn't talk about Russia, and I was just wondering
what you're feeling is as to where that's all going
to work out with Russia.
Speaker 4 (53:31):
Well, I think Russia is a very important country with
a lot of resources. I think that the problem of Russia,
that maybe it will be changed, is that they still
have agricultural mentality. We were talking about the agricultural society,
industral society, and the technological society. If you look the Chinese,
(53:56):
the Chinese fly away from the primitive agreeful out of
consumption and rural to a very advanced technological country and industrial,
modern industrial county. And Russia is still there, still thinking
in the oil and gas and looking for bigger territory
(54:19):
in the industrial society. Nobody thinks to increase the territory. Actually,
US that took so much territory from Mexico finish in
the nineteenth century. We need to assay agree to society.
But now nobody in the world, I look, excepting Russia,
one to increase the territory. But you are looking to
(54:40):
do is to increase your market, to increase your economy,
to increase your technology, to increase to make that your
population get out of poverty. Because poverty is not only
a problem of social justice and ethics, is a economic needs.
You need to have people out of poverty for part
of the economy, to for part of the market, to
(55:04):
be part of the education and employment, et cetera. But
in Russia they maintained strong oil and primary products, primary
basic problems, army, war and looking for territory. That's the
(55:24):
old issue. That's not the way to develop a country.
I think Russia has very smart people. Actually, the Russians
that have gone out of Russia are developing technology. Many
things of technology are developed by by Russians outside. You
remember that in the types of communies maybe fifty years ago,
(55:45):
we talk about the Russians that were very good for
mathematics and science and all this. Well, we need I
think it's the change that we need to have. I
think actually, maybe put in now that he's friend of
the President of China, Tea should explain the President of
China how technology is important, how is not territory. Important
(56:08):
and importance is to have growing an economy, to have
a better income to people. I think Rugia need to
make these changes.
Speaker 3 (56:17):
Well, we've taken so much of your time. I can't
get over how generous you've been with your time with
us and how much we appreciate and know you. And
I could have an argument. Who's a better friend to Paul?
He he's my very dear friend. But he loves you
so much. The way he talks about you is is
very endearing. Is he He just cares about you and
(56:39):
loves you so much. He loves the time he spends
with you. I know that it means so much to him.
Speaker 4 (56:45):
One of my my concern is that my best friends
live outside Mexico. My might have even my my brother Paul.
I have also a very great friendship with with Aker.
(57:12):
You know, with Aker that was in charge of AT
and T and then from General Motor. But it was
in Bad Jake. It's zero Bay in Spain. It isn't
great because you don't we see every two months, every
I don't know how long. But thank you for the conversation.
(57:32):
It was for me very interesting to talk about so
many things. Thank you, Thank you Chris, we thank you
so much. You know I love you and for you
to do this for me, I only know that people
are going to learn so much about things that they
were privy to reach the vast majority. So from Skip
(57:55):
and I, we thank you so much and I'll hope
to see you very soon.
Speaker 1 (57:58):
My brother.
Speaker 3 (58:01):
And dios Tabandiga meant.
Speaker 1 (58:10):
Our Away with Paul Anka and Skip Bronson is a
production of iHeart Radio.
Speaker 3 (58:15):
The show's executive producer is Jordan Runtog, with supervising producer
and editor Marcy Depina.
Speaker 1 (58:22):
It was engineered by Todd Carlin and Graham Gibson, mixed
and mastered by the wonderful Mary Dude.
Speaker 2 (58:30):
If you like what you heard, please subscribe and leave
us a review.
Speaker 1 (58:34):
For more podcasts on iHeartRadio, visit the iHeartRadio app, Apple Podcasts,
or wherever you listen to your favorite shown
Speaker 4 (59:02):
Pa
Host
Paul Anka
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