May 11, 2022 • 42 mins
Senator Tim Scott Refutes Racist Janet Yellin on Abortion. David Marcus Reacts to Patti LuPone and NYC's Lecturing Left. Vivek Ramaswamy Tells Us How He's Taking on Woke Corporate America. Could You Land a Plane in An Emergency? Clay's Thought About It A Lot.
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Episode Transcript
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Speaker 1 (00:00):
Welcome to today's edition of The Clay Travis and Buck
Sexton Show podcast. Welcome back in Clay Travis Buck Sexton Show.
We're rolling through the second hour of the program. Appreciate
all of you hanging out with us. Continue to go
all over the place with the show, try to connect
with as many of you and as many different parts
of the country as possible. I am down on the
(00:20):
Florida Gulf Coast in Panama City Beach. Buck is in
New York City. Tons of Clay and Buck listeners down
here along the Gulf Coast region of Florida, Southern Alabama,
lots of the Red State Brethren, my big SEC football fans.
This is our home base. In many ways. We are
having an awesome time hanging out with you. Great weather
(00:41):
starting to kind of finally turn into spring, maybe feeling
like summer for many of you out there. And as
the summer is starting to get closer and closer, Buck,
the Democrats are turning up the heat. And what they're recognizing,
I think is abortion isn't going to be the Hail
Mary that they thought it was. It's not going to
(01:03):
save them from electoral oblivion this November. And that's because
their abortion position is so extreme, and some of you
out there are saying, hey, I'm not sure whether I'm
seeing this yet. I'm telling you what you're going to
see is the argument that is already occurring, which is,
it's not about Roe v. Wade, it's that your contraception
(01:26):
is in danger, which is a lie. It's that that
gay people in classrooms is in danger what Joe Biden
tried to argue, which is a lie. They are building
extremism in because they're recognizing that most people think, hey,
abortion shouldn't be legal in the seventh, eighth or ninth month,
(01:47):
and they're trying to make Republicans seem like extremists. And
I got to give credit here. There's also an underlying
element that I think it's pretty substantial of abortion. Let's
be honest, that's actually racist. And the eugenics movement that
was much of the basis for abortion planned parenthood back
(02:10):
in the day kind of jumped right into public view
here during testimony in the Senate with Senator Tim Scott
of South Carolina, who confronted Treasury Secretary Janet Yelling on
the issue of abortion. And if you haven't heard this
audio yet, just listen. This is quite the CounterPunch from
(02:33):
Senator Tim Scott of South Carolina. In many cases, abortions
are of teenage women, particularly low income and often black,
who aren't in a position to be able to care
for children, have unexpected pregnancies, and it deprives them of
(02:54):
the ability, often to continue their education to later participate
in the workforce. So there is a spillover into labor
force participation, and it means the children will grow up
in poverty and do do worse themselves. Thank you, let
me let me just this is the truth. I'll just
(03:15):
simply say that, as a guy raised by a black
woman in abject poverty, I'm thankful to be here. Good
moment for Senator Scott. They are really made the point powerfully,
I think for everybody to hear, which is that there's
something really obtuse and evil in many of the arguments
that are being made right and super racist. Janet Yell
(03:36):
and they're like, this is one of the lines that
I think George W. Bush got so right buck the
soft bigotry of low expectations. It was oozing out of
her commentary there. I mean, people should know that, and
they don't. By the way. This is not denied, This
is not contended or contentious. The founder of Planned Parenthood
was a Margaret Sanger YEP, a absolutely genesist, believed in eugenics,
(04:02):
believed in limiting what she deemed quote undesirables, and spoke
to the women's auxiliary of the Ku Klux Klan in
New Jersey to generate support for her movement. She supported
the Supreme Courts nineteen twenty seven decision Buck v. Bell,
(04:24):
which allowed for the sterilization of people who were deemed
unfit without their consent. She was a horrible human being, okay,
and this is the founder of Planned Parenthood. She was
a vile racist. And even there's even if you if
you look at even on Planned Parenthood's side, and you'll
see the stuff clay they've had to say, Yeah, okay,
(04:47):
she was an awful eugenicist, but she did so much
to liberate women. Does anyone else, you know, just just
put this into context for a second. Does anyone else
in conversation in public discourse these these days get that
kind of Oh, but they actually did something we really like,
so we'll forget that other stuff. Absolutely, you know, we're
(05:10):
supposed to remove busts of Thomas Jefferson. But Margaret Sang
and they did city. They did it in New York City.
That's what I'm thinking of. And Margaret Sanger was a
vile human being who believed in destroying undesirable babies. This
is reality, folks, and they still celebrate her and her movement.
(05:32):
It's pretty it's pretty outrageous and appalling when you actually
look into the history. Speaking of which, by the way,
I went to George Washington University in Washington, DC. Buck,
did you see that they're trying to strip George Washington's
name from George Washington University. There was an editorial in
the Washington Post about it, which is amazing because is
(05:55):
the Washington Post therefore calling for the removal of the
word Washington in their newspaper name. And remember Buck, when
everybody said Donald Trump was crazy when he said they're
not going to stop with Confederate statues. If you're gonna
try to tear down the statues of Robert E. Lee
or Stonewall Jackson or James Longstreet or any of these
Confederate generals, then eventually they're gonna come for Thomas Jefferson
(06:19):
and George Washington, and all the left wing libs were like, oh,
Donald Trump is so out to lunch there. This is
such a slippery slope argument. There's no way that's going
to happen. It's happened. And speaking of slippery slope arguments,
I'm telling you this is what they're gonna do. Roe v.
Wade not going to argue about abortion. We're going to
(06:40):
argue about all your other rights that are under siege.
And this is what Mayor Pete is already trying to do.
You'll listen to cut ten here that we've got. What
else is the Supreme Court coming forward? Listen to me
right now. Suburban moms, suburban women. I was talking to
a bunch of moms. There are all different sorts of
text chains and viral threads about how contraceptions under danger
(07:05):
and how now you're not going to be able to
even go out and make birth control decisions on your own.
Those are wise. The Democrats are trying to get you
riled up. You need to be talking to your mom
friends and telling them this isn't true. Here's Mayor Pete
trying to fan the flames. Listen right now, The focus
(07:26):
rightly is on women and the right to choose. And
I will say, you know, for all of my life
and all of modern American history, I think the direction
that we've been going in as a country, the direction
that the Constitution has led us to in the Supreme Court,
has been one of expanding rights, has been one of
(07:47):
expanding freedoms. And suddenly this decision, if this is what
the decision will be, represents a retreat from them. And
if this memo turns into a decision, appears to have
very little regard for precedent. And I'm not comforted by
any of the reins assurances that that would not lead
to other freedoms falling. I mean, this is what you're
(08:09):
going to hear because their arguments are not persuasive. So
what are they doing. They're saying things. This is what
the Democrat playbook right now is unfolding for all of
us to see. You can just watch this day by
day as it goes. They say things that are not
true about the decision. They try to frighten people about
(08:31):
the implications of this. They do this constantly. By the
way they said about citizens United, it would be unprecedented
foreign cash coming into our elections. None of that was true.
What they actually wanted, not to get too deep into
Citizens United, the federal government under the Obama administration held
that they had a right to ban books in advance
of an election from publication, not allowed to publish a
(08:53):
book within sixty days or ninety days, and that was
a federal right in Citizens United, which is crazy. That's
what the Obamas Ama Solicitor General try to advance in
that argument, and the Left just lied about it. Oh
it's foreign money on this, they're lying about it. Of course,
again on a whole range of issues. Their arguments are
super weak. The argument on precedent, this is just this
(09:14):
is like arguing with a toddler, like they just keep
coming back to this precedent. Isn't what they seem to
You know, that word does not mean what they seem
to think it means. It doesn't mean that you can
never overturn something. It doesn't mean that there's that starry
decisis is set in stone. And now with this clay, it's,
oh man, we're not getting people fired up enough over
telling them that they're gonna lose their right to abortion.
(09:34):
We're gonna say you're gonna lose all of these other
rights to contraception. I mean I remember, didn't didn't someone
ask Mitt Romney about whether he wanted to ban I
can think there was am I misremembering this? Didn't Mit
Romney get asked, do you want would you ban contraception?
I mean, this is what there is. There is an
argument that they are trying to make buck and this
(09:55):
to me goes to the point that Roe v. Wade
being overturned is not the electoral strategy that's going to
guarantee them success that many are trying to argue, because
what they're trying to build on is they are saying, well,
if roe v. Wade gets overturned, then Griswold could get
Overturning Griswold effectively is the precedent that allowed married couples
(10:20):
to make birth controlled decisions. And so I think this
is important and I think this is a big conversation
that moms need to be having with other moms, the
same way that I've talked about these COVID restrictions and
the incredibly deleterious impact that it has had on children
and who made that happen. These are conversations that moms
need to happen, need to have and I think Republicans
(10:42):
need to be straightforward, transparent and clear about this. We're
not coming for your birth control, right There's there's no
anti there's no big national decades long anti birth control
and you know for in the home, but that doesn't
even exist. Well, what are we gonna do. We're gonna
like a black market for condoms. I mean, give me
a break, this is absurd. No one actually when they're
(11:05):
trying to sell it, and there are people who want
to sell it, and there are people who are willing
to buy it. And that is why this word of
mouth conversations that moms have, which is in bat like,
if you want to know how every business works buck
that involves children, it's all word of mouth and it's
all mom conversations. And that's why you guys out there
(11:27):
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(13:00):
in play Travis buck Sexton Show. Appreciate all of you
hanging out with us. We roll through the Wednesday edition
of the program. We are joined now by David Marcus,
who has done many things in his life, including being
a theater actor. He's also Brooklyn based columnist and author
of Charade, The Covid Lies That Crushed a Nation. Uh,
(13:24):
and David, we appreciate you making the time to join
the show here. But I wanted to play this audio
for you to see what you thought of this on Broadway. Uh,
there was fury over a mask not being worn correctly.
And I just want to let you react as a
theater guy to what your reaction would be to this.
(13:45):
Let's play it. Put your masks over your noses? Do
you want? Because I will your protect perform? Oh? You know,
why are the rule if you don't want to follow?
(14:10):
By the way, this is my wife's biggest fear. I think,
probably Buck, if she took me to a Broadway play
that I wouldn't be wearing my mask correctly. And I
just started getting screamed at by an actress on the stage. David.
When you hear that, your reaction is what, Yeah, it's amazing.
(14:33):
It is the perfect symbol of why theater is basically
dead in the United States of America, because theaters don't
want to put people on stage who are going to
do an entertaining show for you anymore. They want to
put people on stage to lecture you about how you
should live. Right, don't forget the cast of Hamilton lecturing
(14:54):
Vice President Pence. Right, Yeah, that's what this industry has become.
I spent fifteen years in the New York theaters scene,
and listen, man, Hollywood's progressive, but I mean Hollywood's the
National Review compared to the New York theater scene, and
they've destroyed an industry. And that that was just that
was just a perfect, whiny, screaming example of exactly how
(15:15):
they've done it. I mean, by the way, David, great
to have you on the show man. I live right
next to I walk past a Broadway feed every time
I go to and from my apartment, and there's a
line of people outside. There's these mask minders that have
their masks on outside mind you who who walk up
(15:36):
and down the line. They also do this for the
Colbert Colbert Show whatever, same thing. The mask minders make
sure you are masked up in line outside before you
go in, and then the ushers. From what I understand,
I talked your friend who went to a Broadway show
recently that you know, if you if you're like probably
talking or being annoying things that actually bother normal people.
(15:59):
Now that's not the big deal. If your mask drops down,
you get one warning and then they come over and
basically say, you know, do you want to be expelled
from the theater? I mean, why would anyone put themselves through?
This is what I wanted to like, how can anyone
david the people that are going to these theaters in
New York and there's some other places across the country
where I think this still exists, but nowhere like Broadway.
(16:21):
They're going to crowded restaurants and bars before and after
they sit in the Broadway theater without masks on. No look,
none of it, None of it makes any sense, of course.
But again I think it's down to an American arts
community that are just rule followers that that that don't
(16:42):
even make art anymore. They just kind of like pat
people on the heads for having the right views about
you know, race and gender and masks. I mean, when
I started doing theater in the nineteen nineties in New York, Uh,
you know, the last thing we were ever doing was
thinking about wearing a mask or not getting sick. Were artists, Yeah,
we were dangerous. You know, these people are about as
(17:04):
dangerous as Elmer's Blue. David, we were just talking about
off air because Buck obviously is in New York City, Alie,
our producer, a lot of our staff are there, and
we're doing a one year anniversary event in New York
City soon. And are you concerned, as someone who lives
in Brooklyn, that with COVID cases ticking back up, with
(17:24):
the Biden White House talking about the mid term variant
that might suddenly cause one hundred million more cases, you
still got two year olds that have to wear masks
in New York. To Buck's point, you got actors and
actresses lecturing people from the stage and Broadway productions for
not wearing their masks correctly. Are you concerned as the
summer comes to a close in the next several months
(17:46):
and we moved towards the fall, that insanity is going
to return its full grip of fascist power to New
York City, the place that you live. Oh yeah, of
course I'm concerned. You know, it's not just the place
I live, place that I love, and you know, it's
happened too many times. I mean there were there were
too many times when you know, I'd see Buck and
(18:09):
I'd say Buck, I think where I think we turned
the corner here right at Nope. So yeah, I am
very concerned. I will say though, that on the basic
institutional level, the freak out, for the most part is
calming down. Like you know, my eleven year old had
COVID recently and a year ago in terms of school,
(18:30):
that would have been you know, the end of the
World and everything show, and it's just not anymore. So
I do think that the people who run the institutions
and most of the New Yorkers don't want to go
back to that. But look, if our governor says you're
going back, we're going back. Man. We learned that lesson right.
It's crazy. David Marcus is a columnist for The New
(18:52):
York Post, author of Charade, The COVID Lies That Crushed
the Nation. David, I don't know if you if you
saw it or heard it, but Vouch got an honorary
doctorate at the University of Michigan. I guess it was
over this past weekend, and there was uporious applause for
this guy, like standing ovation and and I just there's
(19:14):
a part of me that I'm never gonna let this
go until the truth about Fauci becomes the overwhelming lore
of the land, if you will, like I just, I
just refuse to let this guy. Not just as a
New York A lot of people listening in cities across
the country had to deal with the lunacy as well,
but in New York it feels particularly personal the Fauci crep. Yeah,
(19:37):
I mean it absolutely does. I mean it doesn't help
that the guys from South Brooklyn, but um, yeah, listen, listen.
There is a certain percentage of the American people who
went to such bizarre, crazy, extreme not leaving their apartment,
you know, washing their groceries, not touching their face, all
(19:57):
of these things, right, who balked the letely into it,
who are never going to be psychologically capable of admitting
that that was a mistake, of saying I refuse to
hug my grandmother for two years. Oops, Right, there's a
lot of people who are just never That's a that's
a big thing to have to face, and I think
(20:19):
a lot of people are just not going to do it.
We already have the studies, guys, right, we have to
John Hopkins study, We have other studies. We know that
Florida didn't have vastly more depths than New York and
did way way better economically. The results of this whole
thing are in. There's just a bunch of Americans who
are never going to accept it. Speaking of that, David,
(20:40):
I'm sure a lot of people saw the Bill Gates
news where Bill Gates basically, along with everybody else who's
gotten four COVID shots, feels obligated to say when he
tests positive, I'm so thankful for my COVID shots, because
otherwise this would be so much worse. I think most
reasonable people out there, and I split this tweet out yesterday, Buck,
(21:02):
if you got a shot for something four times and
you still got it, you would think, what in the
world's going on? How awful is this COVID shot? Will people,
David ever acknowledge that much of what they have done,
whether it's masks, whether it's getting a billion COVID shots
that they really haven't done anything to alter the risk
(21:24):
analysis two year olds wearing masks. The requirements in New
York have done nothing. You just mentioned the divergence between
Florida and New York and all of New York has
done in many blue state cities and regions have destroyed
their economy with no comparative health benefit. Yeah. Absolutely. And
(21:45):
another thing that Gates said this might have been the
same interview, but I believe it was in the last week,
was you know, he said, well, you know, we couldn't
possibly have known at the beginning that the infection fatality
rate was much lower than we thought. You know who
knew that, and I believe March seventh, twenty twenty was
Donald Trump who did an interview with Sean Hannity where
he said he had a hunch that that fatality rate
(22:09):
was much much lower. Why because we weren't testing asymptomatic
people who don't show any illness. Donald Trump was absolutely right.
That was early March twenty twenty. So this idea that
Bill Gates, with everything he has at his disposal, didn't
know this. You know, it really just shows you what
(22:30):
was what was going on here. Check out charade the
covid lies that crushed a nation. David Marcus David, great
to have you all, my friend. We'll talk to you soon. Thanks, guys.
Be well. Look, a regular listener here recently took her
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to save ten percent Clay and Buck rolling on through here.
(24:20):
Thanks for being with us team all across the country.
Our friend Vivek Ramaswamy is with us now. He's the
founder and executive chairman of Strive and the author of
the very excellent book woke Inc. Vivec great to have
you on how you do it? I'm good man. Look
before we talk about the solution to a form of
(24:40):
corporate wokeness, a very powerful, very broad scale one. Can
you can you put into just layment terms for all
of us. The problem here when it comes to wokeness,
woke capital, and how it affects places, massive asset managers,
financial institutions like black Rocks, State Street, what's going on? Yeah,
(25:04):
So look, I think that there's a fiduciary duty problem here.
Where what's happening with these large asset managers Black Rock,
State Street, Vandguard you set them. They manage over twenty
trillion dollars, that is more than the GDP of the
United States. But here's the problem. That money belongs to
everyday citizens. Who's capital they're using to advocate for policies
(25:25):
in corporate America that most of those everyday citizens would
disapprove of. And I think that that is the greatest
fiduciary betrayal of our time that no one has paid
attention to, no one has woken up to, and certainly
no one has stepped up to solve. That's the problem
we're stepping up to solve. And it runs pretty deep.
And I'll tell you how deep it runs, just I
(25:46):
think it's gotten so bad that it borders on an
antitrust problem. Yeah, the Arizona Attorney General has actually launched
an anti trust investigation. He called it boldly, in my
opinion and possibly correctly, the greatest anti trust violation, the
biggest addrust violation in history. Where YA was running you
through a thought experiment here, Imagine the CEOs of say
Exxon and Shell and Chevron got together in a room
(26:09):
and decided that they were going to cut gas production
and gas prices at the pump spike as a result.
That'd be the stuff of movies. Right, people are walking
out with handcuffs. That's not what's happening here, but it's
pretty close where the top asset managers in the world
who own those same firms are basically mandating that they
do the same thing, and somehow we celebrate that. As EESG.
(26:30):
I didn't have a problem. And so what we're doing
is we're bringing a different voice to the table saying
that you know what, if you're a company, you should
focus exclusively on delivering excellent products and services to your customers,
not on political agendas and not on social agendas. And
I hope that's going to be good for restoring the
heart of our economy. Yeah, thanks for coming on the show.
The book was fantastic, Vivec, and I actually have been,
(26:53):
I'm going to be honest with you, until you started
raising the red flag here and pointing out some of
these issues. I went and did my own research. And
the guy who's probably the most powerful that in America
that most people don't know in terms of having influence
here on corporate woke politics is Larry Fink. He is
the CEO of Blackrock, and I think people are still
(27:16):
learning what all of this means. Can you explain where
Larry Think, a guy who is the CEO of Blackrock,
derives his power from and what he's able to do,
basically to bend many of these companies towards his own
political will when many people out there are not even
(27:36):
aware of the power that he wields. Yeah, and look,
I'll quote Charlie Munger and Warren Buffett who said Larry
Think is not my emperor. More recently, I think CEO
is an inappropriate title. Emperor might be more appropriate to
what happened is let's take a walk through history lane
here of the last decade and a half. After the
two thousand and eight financial crisis, right there was a
(27:58):
new demand of American capital saying that greed is no
longer good. You know, we need to find a new model.
Larry Think is the guy who stepped into that void
and turned that into an opportunity, who said that, you
know what, we just have to play a different game
here that we call this stakeholder capitalism. The old left
used to be occupy Wall Street, left knocking on our doorsteps.
(28:18):
Let's put them to one side by now start talking
about social responsibility and preach about the racially disparate impact
of climate change. After you find a private jet the Davos.
This is pretty good work. You blow a smoke screen
that distracts people from the essence of what they were
mad about, and use corporate power to actually advance the
very progressive agendas that used to come after a corporate
(28:40):
power in the first place. And it turned out he
used that as a marketing tool to create the world's
largest asset manager today managing over ten trillion dollars. And
what they do is they show up as the shareholder
and say that you know what, Milton Friedman might have said,
that you, the CEO, owe a duty to the shareholders
and you shouldn't be pushing social agendas. Will guess what,
(29:00):
I am the shareholder, and I am telling you that
you must push these social agendas or else I'm going
to dock your pay or else I'm going to fire
you a CEO, or else I'm going to replace your
board directors. And so most CEOs bend a knee into it.
You're a rulytractical example. Disney. People think that this guy
is just bending the need to progressive employees. Well not
(29:21):
so fast. It's actually a deeper problem. You look at
the top shareholders of Disney, it's none other than those
big three black Rock, State Street, and Vanguards. So this
runs pretty deep. And you think we live in a
system of free market capitalism with competition, will get through
the top shareholders of Microsoft and Apple ar competitors, right,
or Coke and Pepsi or let's just say any Shell
and Exxon or Chevron. These are supposed to be competitors
(29:44):
and economy. It turned out they all have the same
top shareholders. That's the problem here. And so what I'm
aiming to expose and the problem knowledge to expose. But
the solve is that actually, even though folks like Larry
Fink or Black Rock claimed to be the shareholders of
those compani and dictate what those companies do. Actually, they're
not the real shareholder. The real shareholders are the firefighters,
(30:06):
the nurses, the doctors, the small business owners of this
country who unknowingly see their money directed through their four
one ky accounts, their pensions fund accounts, etc. To the
hands of these firms that are voting their shares and
advocating for policies in the boardroom that would make their
blood boil if they actually knew what was going on.
But they don't. And that's why I think transparency is
(30:27):
going to be the key here. And that's why I
think we have a big mountain to climb. And believe me,
it's a big mountain because they have Blackrock aunt of
the firms have mastered the lobbying game, have mastered the
game of government capture. Look at the number of black
Rock alumni that staff the Administration and the White House
and the Treasury Department, in the Council of Economic Advisors.
It is chrony capitalism today. So it is a big
hill to climb. But the thing we have on our
(30:49):
side is that at the end of the day, the
voices of the American people and the desires of the
American people, not just as citizens but as shareholders, are
demanding once they're aware of a new direction, that's what
we're providing. We're speaking of Vivek Ramaswami. Woke Inc. Is
his book, and he's the founder of Strive Capital. And
to that end, more on the solution, Vivek, which you're
(31:11):
trying to build. You've already raised twenty million dollars I
believe for this venture. What's it going to do and
how does it affect the folks out there? I mean,
as you mentioned, if you've got a four oh one k,
it's probably with one of these financial giants. You want
to build an alternative to those woke financial gargantuan companies. Yeah,
(31:31):
so look that's just the seed capital. You know, the
Wall Street Journal broke the story, so we ended up
announcing it a little bit earlier than expected. But at
the end of the day, we should probably talk again
in the third quarter of this year because the thing
we're definitely going to launch our first product, and these
are going to be you know, products that live out
our mission that allow everyday shareholders to have a choice,
(31:53):
that give them an opportunity to be able to help
us realize our mission of bring a different voice to
the table in America. So I'm limited in what I
can say about it right now, but let's come back
in in the third quarter when we said we're going
to launch our first product. And I hope that this
is the beginning of a long journey that actually represents
the voice that most Americans want to bring to corporate America,
(32:14):
which they don't want capitalism to be political. They don't
want the places where they shop, or where they work,
or where they invest to be political. And you know
what I think. You know, it's really important to me
too that this is not just a left wing or
a right wing movement. This is about reviving the heart
and soul of American capitalism itself. Is that by depoliticizing
the private sector, I think the thing that we're going
(32:34):
to be able to do is hopefully recreate solidarity between
different people, irrespective of whether they're on left or right,
or black or white. We come together in an a
political private sector that's supposed to bring us together. We
lost that with the rise of stakeholder capitalism and black
rock led capitalism over the last decade. We want to
restore a new type of capitalism, the classical kind of
(32:56):
capitalism at the heart of American capitalism in the next
decade ahead. So I'll be happy to say more about
that in a few months. I think your battle is
an important one. Also, do you believe that there was
a significant message scent based on what you wrote about
and woke Ink when Ron de Santis fired back against
Disney and basically let it be known that the right
(33:17):
was not just going to continue to cowtow to a
tiny percentage on the left that is woke that had
been driving the trajectory of our country. Yeah. I think
it's a powerful message it. Disney is just a great
example to look at where there's a good survey data
on this. We're over sixty percent of their own customers
were put off by their decision. Okay, So if we
(33:38):
were a shareholder of Disney, the thing we would tell
Disney is knock it off. Three words to bop chaffick.
Not at all. You're alienating your customers. Customer volume is down,
your stock is down more than the SMP five hundred
over the same period, and you have had clear losses
of business benefits in the state of Florida. That's not
what you should be doing if you're focusing on excellence
for your customers. And yet the top three shareholders of
(34:00):
Disney today don't give them that message. Instead, if anything,
if you read between the lines of their comments and
other context, it actually seems to encourage them to exactly
take the kinds of harmful positions that they have. So yeah,
I do think there's a room for political responsiveness and
even legal responsiveness here, but actually the solutions that I
prefer the most are competition through the market itself. All
(34:21):
state actions have unintended consequences, even ones that are necessary
to be taken. That's why I generally prefer, whenever possible,
let's sort these things out through the marketplace of ideas
and through the market itself and actually leave it to
consumers to make the decisions. And I think that's going
to be the way that we hope to reform the
management industry, and not just the asset management industry. That
is the one industry that's upstream of every industry in
(34:42):
the American economy, which is what my real motivation is.
I think the battle that you're fighting is an incredibly
important one. Encourage you to check out WOKE in it's
a fantastic book. He is Vivec Ramaswamy, and he is
fighting the battles that many of us need to be
fighting in both the marketplace of ideas and also the
capitalistic marketplace in general. Look forward to talking to you again, Vivec.
Thank you for having me, guys talk you. Look Mike
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(36:11):
in play Travis buck Sexton Show. When you're finishing off
the Wednesday edition of the podcast, encourage you to go
grab sign up for the podcast. You can search out
my name play Travis. You can search out buck Sexton's name. Boom.
You'll make sure that you never miss a single moment
of the program. Vivic was just great. Also, David Marcus
was fantastic in the second hour. And Buck, we've been
talking about it off the air. There was a story
(36:34):
that both of us could not stop checking out the
details on it. Maybe everybody's thought about it before. Guy
was up in a Cesna plane passenger the pilot has
an emergency and is no longer able to fly the plane,
and the passenger, who had never ever flown an airplane,
(36:54):
put on the headset and air traffic control walked him
through landing the plane. And I'm gonna be honest, this
is something I've worried about before. I had never been
in a situation where I was on the plane and
it was just me and the pilot until recently, just
a couple of months ago, and I legitimately was sitting
(37:14):
in the back of the plane thinking about this. Do
you think you could land a plane if that was
the situation, if the pilot became incapacitated and it was
just you and you had to go up to the cockpit,
do you think you could pull this off? I'm a
confident fellow, Clay, so you know my CIA training would
kick in, which would involve memo writing not plane fly,
(37:35):
Yeah right, but yeah, I think I'd get it done.
You know, I wouldn't bet all the money in the
world on me, though I'm saying I don't know. I mean,
I don't have a lot of confidence in myself. I
had never been in that situation, and the guy who
was flying the plane, I was like, man, I'm glad
he's around my own age, because if it had been
(37:55):
an older guy, I would have been like, Oh my god,
what happens if he has a heart attack? What happens
if something goes on here? I can't think of anything
much more terrifying than suddenly having to climb into the
pilot's seat and land in airport. Can we just think
about there's a moment here where the pilot I mean,
in a medical emergency, he passed out. Yeah, so I mean,
this is like something that you would see in a
(38:17):
movie where all one second the pilot maybe at a stroke,
a heart attack, whatever it may be, out. So it's
not even like the pilot is you know, incapacitated but
awake and can tell you. You know, let's say that
you know, the he had been you know, injured in
some way or whatever. You're alone, you're in that cockpit
and you're going down and you're not gonna make it
(38:37):
unless I mean, and by the way, credit to air
traffic control. Can you imagine your an air traffic control guy.
You're sitting there and all of a sudden, it's like, uh, yeah,
I've never flown a plane before in my life, and
the pilot is knocked out cold and I don't want
to die, so can you please help me figure this out?
Full credit to them. This happened down. It was Bahamas
(38:59):
to Florida was the flight here, and they managed they
managed to pull this one off, which it's pretty pretty remarkable.
I mean, I gotta say, you know, not everybody, not
everybody be able to pull this one off. I mean,
I think also the panic that would set in for
that one moment you'd be like, this is this is rough.
Now I've probably usually gotta get you know, even those
(39:20):
planes are not very big, Buck, right, so even getting
up into the cockpit area with an incapacitated pilot would
be a difficult thing to even pull off. I think.
I think if you're telling me though, if it's a
Cessna and you're only there's only two people in the plane,
which I believe was the case here, that that feels
more doable. Let's just say this is like from the
(39:43):
movie Airplane or something. Let's say you're on a fully
stacked you know, seven forty seven or something full of
people and for some reason it's all on you. You
got your head set on, the pilots are all out
cold whatever that. I don't think I think that I
would just panic. I think I'd have a heart attack.
I don't know, well, I think the bigger and I'm
not an expert. I've never actually tried to, you know,
(40:05):
gone up and even done anything in an airplane. But
my understanding, Buck, is that the bigger the airplane, the
easier it is to fly. Meaning this and our pilot
audience can tell me if I'm a total imbecile here.
Because so much of the big planes is computerized now,
I think it might be somewhat easier to take the controls.
(40:26):
And as obviously a lot that may be true, then
maybe you could hit the auto Maybe they could just say, hey,
hit the autopilot, hit this, hit that, and you're good.
I'm just saying if there were one hundred other people,
there are way more lives at stage. It's way more
stressful than just yourself. But I think it might be
more difficult to land the Cesna because those are less
controlled by the computer technology than it would be to
(40:49):
suddenly find yourself in a seven forty seven cockpit. I
think in fixed wing you would have a shot. I
think if we're talking rotary, you're probably we're probably toast.
So I think the copters are really tough. I know
fixed wing pilots were like, I can't fly. I knew
them in the military. They're like, I'm a fixed wing guy.
I don't mess with those those propeller things. Oh I'm
not only that. I think the time of day matters
(41:11):
the weather, you know, because if you've ever been up
in some of those little planes when when there's a
storm coming through, that is you're bouncing around a lot,
And if you're flying at night, it's a lot different
than flying during the day too. I mean, so this
is a heck of a story, but congratulation. I think.
I think both of them ended up okay. So see,
(41:34):
look we end on a on a happy story. I
believe I believe that they're both. I know the guy landed,
he's okay. I believe the pilot also ended up getting
medical attention or I should just check on this one.
Uh play. We've covered a lot of ground today, my man.
And tomorrow we've got Kennedy from Fox Business of Kennedy Fame,
(41:54):
her own show over at Fox show be talking to
us our buddy Rob Smith, who is a commentator, author,
army veteran, and all the news today. Man, it's going
to be fantastic. Cannot wait. I look forward to continue
to have a good time down here on the Gulf Coast,
appreciade all the people who listen to the show down
here in this market, and man will continue to be
(42:15):
voices for sanity in an insane world, Tomorrow Fleet, Travis
and Buck Sexton on the front lines of truth,
Welcome to today's edition of The Clay Travis and Buck
Sexton Show podcast. Welcome back in Clay Travis Buck Sexton Show.
We're rolling through the second hour of the program. Appreciate
all of you hanging out with us. Continue to go
all over the place with the show, try to connect
with as many of you and as many different parts
of the country as possible. I am down on the
(00:20):
Florida Gulf Coast in Panama City Beach. Buck is in
New York City. Tons of Clay and Buck listeners down
here along the Gulf Coast region of Florida, Southern Alabama,
lots of the Red State Brethren, my big SEC football fans.
This is our home base. In many ways. We are
having an awesome time hanging out with you. Great weather
(00:41):
starting to kind of finally turn into spring, maybe feeling
like summer for many of you out there. And as
the summer is starting to get closer and closer, Buck,
the Democrats are turning up the heat. And what they're recognizing,
I think is abortion isn't going to be the Hail
Mary that they thought it was. It's not going to
(01:03):
save them from electoral oblivion this November. And that's because
their abortion position is so extreme, and some of you
out there are saying, hey, I'm not sure whether I'm
seeing this yet. I'm telling you what you're going to
see is the argument that is already occurring, which is,
it's not about Roe v. Wade, it's that your contraception
(01:26):
is in danger, which is a lie. It's that that
gay people in classrooms is in danger what Joe Biden
tried to argue, which is a lie. They are building
extremism in because they're recognizing that most people think, hey,
abortion shouldn't be legal in the seventh, eighth or ninth month,
(01:47):
and they're trying to make Republicans seem like extremists. And
I got to give credit here. There's also an underlying
element that I think it's pretty substantial of abortion. Let's
be honest, that's actually racist. And the eugenics movement that
was much of the basis for abortion planned parenthood back
(02:10):
in the day kind of jumped right into public view
here during testimony in the Senate with Senator Tim Scott
of South Carolina, who confronted Treasury Secretary Janet Yelling on
the issue of abortion. And if you haven't heard this
audio yet, just listen. This is quite the CounterPunch from
(02:33):
Senator Tim Scott of South Carolina. In many cases, abortions
are of teenage women, particularly low income and often black,
who aren't in a position to be able to care
for children, have unexpected pregnancies, and it deprives them of
(02:54):
the ability, often to continue their education to later participate
in the workforce. So there is a spillover into labor
force participation, and it means the children will grow up
in poverty and do do worse themselves. Thank you, let
me let me just this is the truth. I'll just
(03:15):
simply say that, as a guy raised by a black
woman in abject poverty, I'm thankful to be here. Good
moment for Senator Scott. They are really made the point powerfully,
I think for everybody to hear, which is that there's
something really obtuse and evil in many of the arguments
that are being made right and super racist. Janet Yell
(03:36):
and they're like, this is one of the lines that
I think George W. Bush got so right buck the
soft bigotry of low expectations. It was oozing out of
her commentary there. I mean, people should know that, and
they don't. By the way. This is not denied, This
is not contended or contentious. The founder of Planned Parenthood
was a Margaret Sanger YEP, a absolutely genesist, believed in eugenics,
(04:02):
believed in limiting what she deemed quote undesirables, and spoke
to the women's auxiliary of the Ku Klux Klan in
New Jersey to generate support for her movement. She supported
the Supreme Courts nineteen twenty seven decision Buck v. Bell,
(04:24):
which allowed for the sterilization of people who were deemed
unfit without their consent. She was a horrible human being, okay,
and this is the founder of Planned Parenthood. She was
a vile racist. And even there's even if you if
you look at even on Planned Parenthood's side, and you'll
see the stuff clay they've had to say, Yeah, okay,
(04:47):
she was an awful eugenicist, but she did so much
to liberate women. Does anyone else, you know, just just
put this into context for a second. Does anyone else
in conversation in public discourse these these days get that
kind of Oh, but they actually did something we really like,
so we'll forget that other stuff. Absolutely, you know, we're
(05:10):
supposed to remove busts of Thomas Jefferson. But Margaret Sang
and they did city. They did it in New York City.
That's what I'm thinking of. And Margaret Sanger was a
vile human being who believed in destroying undesirable babies. This
is reality, folks, and they still celebrate her and her movement.
(05:32):
It's pretty it's pretty outrageous and appalling when you actually
look into the history. Speaking of which, by the way,
I went to George Washington University in Washington, DC. Buck,
did you see that they're trying to strip George Washington's
name from George Washington University. There was an editorial in
the Washington Post about it, which is amazing because is
(05:55):
the Washington Post therefore calling for the removal of the
word Washington in their newspaper name. And remember Buck, when
everybody said Donald Trump was crazy when he said they're
not going to stop with Confederate statues. If you're gonna
try to tear down the statues of Robert E. Lee
or Stonewall Jackson or James Longstreet or any of these
Confederate generals, then eventually they're gonna come for Thomas Jefferson
(06:19):
and George Washington, and all the left wing libs were like, oh,
Donald Trump is so out to lunch there. This is
such a slippery slope argument. There's no way that's going
to happen. It's happened. And speaking of slippery slope arguments,
I'm telling you this is what they're gonna do. Roe v.
Wade not going to argue about abortion. We're going to
(06:40):
argue about all your other rights that are under siege.
And this is what Mayor Pete is already trying to do.
You'll listen to cut ten here that we've got. What
else is the Supreme Court coming forward? Listen to me
right now. Suburban moms, suburban women. I was talking to
a bunch of moms. There are all different sorts of
text chains and viral threads about how contraceptions under danger
(07:05):
and how now you're not going to be able to
even go out and make birth control decisions on your own.
Those are wise. The Democrats are trying to get you
riled up. You need to be talking to your mom
friends and telling them this isn't true. Here's Mayor Pete
trying to fan the flames. Listen right now, The focus
(07:26):
rightly is on women and the right to choose. And
I will say, you know, for all of my life
and all of modern American history, I think the direction
that we've been going in as a country, the direction
that the Constitution has led us to in the Supreme Court,
has been one of expanding rights, has been one of
(07:47):
expanding freedoms. And suddenly this decision, if this is what
the decision will be, represents a retreat from them. And
if this memo turns into a decision, appears to have
very little regard for precedent. And I'm not comforted by
any of the reins assurances that that would not lead
to other freedoms falling. I mean, this is what you're
(08:09):
going to hear because their arguments are not persuasive. So
what are they doing. They're saying things. This is what
the Democrat playbook right now is unfolding for all of
us to see. You can just watch this day by
day as it goes. They say things that are not
true about the decision. They try to frighten people about
(08:31):
the implications of this. They do this constantly. By the
way they said about citizens United, it would be unprecedented
foreign cash coming into our elections. None of that was true.
What they actually wanted, not to get too deep into
Citizens United, the federal government under the Obama administration held
that they had a right to ban books in advance
of an election from publication, not allowed to publish a
(08:53):
book within sixty days or ninety days, and that was
a federal right in Citizens United, which is crazy. That's
what the Obamas Ama Solicitor General try to advance in
that argument, and the Left just lied about it. Oh
it's foreign money on this, they're lying about it. Of course,
again on a whole range of issues. Their arguments are
super weak. The argument on precedent, this is just this
(09:14):
is like arguing with a toddler, like they just keep
coming back to this precedent. Isn't what they seem to
You know, that word does not mean what they seem
to think it means. It doesn't mean that you can
never overturn something. It doesn't mean that there's that starry
decisis is set in stone. And now with this clay, it's,
oh man, we're not getting people fired up enough over
telling them that they're gonna lose their right to abortion.
(09:34):
We're gonna say you're gonna lose all of these other
rights to contraception. I mean I remember, didn't didn't someone
ask Mitt Romney about whether he wanted to ban I
can think there was am I misremembering this? Didn't Mit
Romney get asked, do you want would you ban contraception?
I mean, this is what there is. There is an
argument that they are trying to make buck and this
(09:55):
to me goes to the point that Roe v. Wade
being overturned is not the electoral strategy that's going to
guarantee them success that many are trying to argue, because
what they're trying to build on is they are saying, well,
if roe v. Wade gets overturned, then Griswold could get
Overturning Griswold effectively is the precedent that allowed married couples
(10:20):
to make birth controlled decisions. And so I think this
is important and I think this is a big conversation
that moms need to be having with other moms, the
same way that I've talked about these COVID restrictions and
the incredibly deleterious impact that it has had on children
and who made that happen. These are conversations that moms
need to happen, need to have and I think Republicans
(10:42):
need to be straightforward, transparent and clear about this. We're
not coming for your birth control, right There's there's no
anti there's no big national decades long anti birth control
and you know for in the home, but that doesn't
even exist. Well, what are we gonna do. We're gonna
like a black market for condoms. I mean, give me
a break, this is absurd. No one actually when they're
(11:05):
trying to sell it, and there are people who want
to sell it, and there are people who are willing
to buy it. And that is why this word of
mouth conversations that moms have, which is in bat like,
if you want to know how every business works buck
that involves children, it's all word of mouth and it's
all mom conversations. And that's why you guys out there
(11:27):
listening to us right now need to nip this argument
in the bud because it is a lot. Plus, the
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in play Travis buck Sexton Show. Appreciate all of you
hanging out with us. We roll through the Wednesday edition
of the program. We are joined now by David Marcus,
who has done many things in his life, including being
a theater actor. He's also Brooklyn based columnist and author
of Charade, The Covid Lies That Crushed a Nation. Uh,
(13:24):
and David, we appreciate you making the time to join
the show here. But I wanted to play this audio
for you to see what you thought of this on Broadway. Uh,
there was fury over a mask not being worn correctly.
And I just want to let you react as a
theater guy to what your reaction would be to this.
(13:45):
Let's play it. Put your masks over your noses? Do
you want? Because I will your protect perform? Oh? You know,
why are the rule if you don't want to follow?
(14:10):
By the way, this is my wife's biggest fear. I think,
probably Buck, if she took me to a Broadway play
that I wouldn't be wearing my mask correctly. And I
just started getting screamed at by an actress on the stage. David.
When you hear that, your reaction is what, Yeah, it's amazing.
(14:33):
It is the perfect symbol of why theater is basically
dead in the United States of America, because theaters don't
want to put people on stage who are going to
do an entertaining show for you anymore. They want to
put people on stage to lecture you about how you
should live. Right, don't forget the cast of Hamilton lecturing
(14:54):
Vice President Pence. Right, Yeah, that's what this industry has become.
I spent fifteen years in the New York theaters scene,
and listen, man, Hollywood's progressive, but I mean Hollywood's the
National Review compared to the New York theater scene, and
they've destroyed an industry. And that that was just that
was just a perfect, whiny, screaming example of exactly how
(15:15):
they've done it. I mean, by the way, David, great
to have you on the show man. I live right
next to I walk past a Broadway feed every time
I go to and from my apartment, and there's a
line of people outside. There's these mask minders that have
their masks on outside mind you who who walk up
(15:36):
and down the line. They also do this for the
Colbert Colbert Show whatever, same thing. The mask minders make
sure you are masked up in line outside before you
go in, and then the ushers. From what I understand,
I talked your friend who went to a Broadway show
recently that you know, if you if you're like probably
talking or being annoying things that actually bother normal people.
(15:59):
Now that's not the big deal. If your mask drops down,
you get one warning and then they come over and
basically say, you know, do you want to be expelled
from the theater? I mean, why would anyone put themselves through?
This is what I wanted to like, how can anyone
david the people that are going to these theaters in
New York and there's some other places across the country
where I think this still exists, but nowhere like Broadway.
(16:21):
They're going to crowded restaurants and bars before and after
they sit in the Broadway theater without masks on. No look,
none of it, None of it makes any sense, of course.
But again I think it's down to an American arts
community that are just rule followers that that that don't
(16:42):
even make art anymore. They just kind of like pat
people on the heads for having the right views about
you know, race and gender and masks. I mean, when
I started doing theater in the nineteen nineties in New York, Uh,
you know, the last thing we were ever doing was
thinking about wearing a mask or not getting sick. Were artists, Yeah,
we were dangerous. You know, these people are about as
(17:04):
dangerous as Elmer's Blue. David, we were just talking about
off air because Buck obviously is in New York City, Alie,
our producer, a lot of our staff are there, and
we're doing a one year anniversary event in New York
City soon. And are you concerned, as someone who lives
in Brooklyn, that with COVID cases ticking back up, with
(17:24):
the Biden White House talking about the mid term variant
that might suddenly cause one hundred million more cases, you
still got two year olds that have to wear masks
in New York. To Buck's point, you got actors and
actresses lecturing people from the stage and Broadway productions for
not wearing their masks correctly. Are you concerned as the
summer comes to a close in the next several months
(17:46):
and we moved towards the fall, that insanity is going
to return its full grip of fascist power to New
York City, the place that you live. Oh yeah, of
course I'm concerned. You know, it's not just the place
I live, place that I love, and you know, it's
happened too many times. I mean there were there were
too many times when you know, I'd see Buck and
(18:09):
I'd say Buck, I think where I think we turned
the corner here right at Nope. So yeah, I am
very concerned. I will say though, that on the basic
institutional level, the freak out, for the most part is
calming down. Like you know, my eleven year old had
COVID recently and a year ago in terms of school,
(18:30):
that would have been you know, the end of the
World and everything show, and it's just not anymore. So
I do think that the people who run the institutions
and most of the New Yorkers don't want to go
back to that. But look, if our governor says you're
going back, we're going back. Man. We learned that lesson right.
It's crazy. David Marcus is a columnist for The New
(18:52):
York Post, author of Charade, The COVID Lies That Crushed
the Nation. David, I don't know if you if you
saw it or heard it, but Vouch got an honorary
doctorate at the University of Michigan. I guess it was
over this past weekend, and there was uporious applause for
this guy, like standing ovation and and I just there's
(19:14):
a part of me that I'm never gonna let this
go until the truth about Fauci becomes the overwhelming lore
of the land, if you will, like I just, I
just refuse to let this guy. Not just as a
New York A lot of people listening in cities across
the country had to deal with the lunacy as well,
but in New York it feels particularly personal the Fauci crep. Yeah,
(19:37):
I mean it absolutely does. I mean it doesn't help
that the guys from South Brooklyn, but um, yeah, listen, listen.
There is a certain percentage of the American people who
went to such bizarre, crazy, extreme not leaving their apartment,
you know, washing their groceries, not touching their face, all
(19:57):
of these things, right, who balked the letely into it,
who are never going to be psychologically capable of admitting
that that was a mistake, of saying I refuse to
hug my grandmother for two years. Oops, Right, there's a
lot of people who are just never That's a that's
a big thing to have to face, and I think
(20:19):
a lot of people are just not going to do it.
We already have the studies, guys, right, we have to
John Hopkins study, We have other studies. We know that
Florida didn't have vastly more depths than New York and
did way way better economically. The results of this whole
thing are in. There's just a bunch of Americans who
are never going to accept it. Speaking of that, David,
(20:40):
I'm sure a lot of people saw the Bill Gates
news where Bill Gates basically, along with everybody else who's
gotten four COVID shots, feels obligated to say when he
tests positive, I'm so thankful for my COVID shots, because
otherwise this would be so much worse. I think most
reasonable people out there, and I split this tweet out yesterday, Buck,
(21:02):
if you got a shot for something four times and
you still got it, you would think, what in the
world's going on? How awful is this COVID shot? Will people,
David ever acknowledge that much of what they have done,
whether it's masks, whether it's getting a billion COVID shots
that they really haven't done anything to alter the risk
(21:24):
analysis two year olds wearing masks. The requirements in New
York have done nothing. You just mentioned the divergence between
Florida and New York and all of New York has
done in many blue state cities and regions have destroyed
their economy with no comparative health benefit. Yeah. Absolutely. And
(21:45):
another thing that Gates said this might have been the
same interview, but I believe it was in the last week,
was you know, he said, well, you know, we couldn't
possibly have known at the beginning that the infection fatality
rate was much lower than we thought. You know who
knew that, and I believe March seventh, twenty twenty was
Donald Trump who did an interview with Sean Hannity where
he said he had a hunch that that fatality rate
(22:09):
was much much lower. Why because we weren't testing asymptomatic
people who don't show any illness. Donald Trump was absolutely right.
That was early March twenty twenty. So this idea that
Bill Gates, with everything he has at his disposal, didn't
know this. You know, it really just shows you what
(22:30):
was what was going on here. Check out charade the
covid lies that crushed a nation. David Marcus David, great
to have you all, my friend. We'll talk to you soon. Thanks, guys.
Be well. Look, a regular listener here recently took her
car into the tire shop asking for a wheel alignment.
Something was wrong when she was driving, and she knew that,
and she thought it was maybe one hundred dollars fix.
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to save ten percent Clay and Buck rolling on through here.
(24:20):
Thanks for being with us team all across the country.
Our friend Vivek Ramaswamy is with us now. He's the
founder and executive chairman of Strive and the author of
the very excellent book woke Inc. Vivec great to have
you on how you do it? I'm good man. Look
before we talk about the solution to a form of
(24:40):
corporate wokeness, a very powerful, very broad scale one. Can
you can you put into just layment terms for all
of us. The problem here when it comes to wokeness,
woke capital, and how it affects places, massive asset managers,
financial institutions like black Rocks, State Street, what's going on? Yeah,
(25:04):
So look, I think that there's a fiduciary duty problem here.
Where what's happening with these large asset managers Black Rock,
State Street, Vandguard you set them. They manage over twenty
trillion dollars, that is more than the GDP of the
United States. But here's the problem. That money belongs to
everyday citizens. Who's capital they're using to advocate for policies
(25:25):
in corporate America that most of those everyday citizens would
disapprove of. And I think that that is the greatest
fiduciary betrayal of our time that no one has paid
attention to, no one has woken up to, and certainly
no one has stepped up to solve. That's the problem
we're stepping up to solve. And it runs pretty deep.
And I'll tell you how deep it runs, just I
(25:46):
think it's gotten so bad that it borders on an
antitrust problem. Yeah, the Arizona Attorney General has actually launched
an anti trust investigation. He called it boldly, in my
opinion and possibly correctly, the greatest anti trust violation, the
biggest addrust violation in history. Where YA was running you
through a thought experiment here, Imagine the CEOs of say
Exxon and Shell and Chevron got together in a room
(26:09):
and decided that they were going to cut gas production
and gas prices at the pump spike as a result.
That'd be the stuff of movies. Right, people are walking
out with handcuffs. That's not what's happening here, but it's
pretty close where the top asset managers in the world
who own those same firms are basically mandating that they
do the same thing, and somehow we celebrate that. As EESG.
(26:30):
I didn't have a problem. And so what we're doing
is we're bringing a different voice to the table saying
that you know what, if you're a company, you should
focus exclusively on delivering excellent products and services to your customers,
not on political agendas and not on social agendas. And
I hope that's going to be good for restoring the
heart of our economy. Yeah, thanks for coming on the show.
The book was fantastic, Vivec, and I actually have been,
(26:53):
I'm going to be honest with you, until you started
raising the red flag here and pointing out some of
these issues. I went and did my own research. And
the guy who's probably the most powerful that in America
that most people don't know in terms of having influence
here on corporate woke politics is Larry Fink. He is
the CEO of Blackrock, and I think people are still
(27:16):
learning what all of this means. Can you explain where
Larry Think, a guy who is the CEO of Blackrock,
derives his power from and what he's able to do,
basically to bend many of these companies towards his own
political will when many people out there are not even
(27:36):
aware of the power that he wields. Yeah, and look,
I'll quote Charlie Munger and Warren Buffett who said Larry
Think is not my emperor. More recently, I think CEO
is an inappropriate title. Emperor might be more appropriate to
what happened is let's take a walk through history lane
here of the last decade and a half. After the
two thousand and eight financial crisis, right there was a
(27:58):
new demand of American capital saying that greed is no
longer good. You know, we need to find a new model.
Larry Think is the guy who stepped into that void
and turned that into an opportunity, who said that, you
know what, we just have to play a different game
here that we call this stakeholder capitalism. The old left
used to be occupy Wall Street, left knocking on our doorsteps.
(28:18):
Let's put them to one side by now start talking
about social responsibility and preach about the racially disparate impact
of climate change. After you find a private jet the Davos.
This is pretty good work. You blow a smoke screen
that distracts people from the essence of what they were
mad about, and use corporate power to actually advance the
very progressive agendas that used to come after a corporate
(28:40):
power in the first place. And it turned out he
used that as a marketing tool to create the world's
largest asset manager today managing over ten trillion dollars. And
what they do is they show up as the shareholder
and say that you know what, Milton Friedman might have said,
that you, the CEO, owe a duty to the shareholders
and you shouldn't be pushing social agendas. Will guess what,
(29:00):
I am the shareholder, and I am telling you that
you must push these social agendas or else I'm going
to dock your pay or else I'm going to fire
you a CEO, or else I'm going to replace your
board directors. And so most CEOs bend a knee into it.
You're a rulytractical example. Disney. People think that this guy
is just bending the need to progressive employees. Well not
(29:21):
so fast. It's actually a deeper problem. You look at
the top shareholders of Disney, it's none other than those
big three black Rock, State Street, and Vanguards. So this
runs pretty deep. And you think we live in a
system of free market capitalism with competition, will get through
the top shareholders of Microsoft and Apple ar competitors, right,
or Coke and Pepsi or let's just say any Shell
and Exxon or Chevron. These are supposed to be competitors
(29:44):
and economy. It turned out they all have the same
top shareholders. That's the problem here. And so what I'm
aiming to expose and the problem knowledge to expose. But
the solve is that actually, even though folks like Larry
Fink or Black Rock claimed to be the shareholders of
those compani and dictate what those companies do. Actually, they're
not the real shareholder. The real shareholders are the firefighters,
(30:06):
the nurses, the doctors, the small business owners of this
country who unknowingly see their money directed through their four
one ky accounts, their pensions fund accounts, etc. To the
hands of these firms that are voting their shares and
advocating for policies in the boardroom that would make their
blood boil if they actually knew what was going on.
But they don't. And that's why I think transparency is
(30:27):
going to be the key here. And that's why I
think we have a big mountain to climb. And believe me,
it's a big mountain because they have Blackrock aunt of
the firms have mastered the lobbying game, have mastered the
game of government capture. Look at the number of black
Rock alumni that staff the Administration and the White House
and the Treasury Department, in the Council of Economic Advisors.
It is chrony capitalism today. So it is a big
hill to climb. But the thing we have on our
(30:49):
side is that at the end of the day, the
voices of the American people and the desires of the
American people, not just as citizens but as shareholders, are
demanding once they're aware of a new direction, that's what
we're providing. We're speaking of Vivek Ramaswami. Woke Inc. Is
his book, and he's the founder of Strive Capital. And
to that end, more on the solution, Vivek, which you're
(31:11):
trying to build. You've already raised twenty million dollars I
believe for this venture. What's it going to do and
how does it affect the folks out there? I mean,
as you mentioned, if you've got a four oh one k,
it's probably with one of these financial giants. You want
to build an alternative to those woke financial gargantuan companies. Yeah,
(31:31):
so look that's just the seed capital. You know, the
Wall Street Journal broke the story, so we ended up
announcing it a little bit earlier than expected. But at
the end of the day, we should probably talk again
in the third quarter of this year because the thing
we're definitely going to launch our first product, and these
are going to be you know, products that live out
our mission that allow everyday shareholders to have a choice,
(31:53):
that give them an opportunity to be able to help
us realize our mission of bring a different voice to
the table in America. So I'm limited in what I
can say about it right now, but let's come back
in in the third quarter when we said we're going
to launch our first product. And I hope that this
is the beginning of a long journey that actually represents
the voice that most Americans want to bring to corporate America,
(32:14):
which they don't want capitalism to be political. They don't
want the places where they shop, or where they work,
or where they invest to be political. And you know
what I think. You know, it's really important to me
too that this is not just a left wing or
a right wing movement. This is about reviving the heart
and soul of American capitalism itself. Is that by depoliticizing
the private sector, I think the thing that we're going
(32:34):
to be able to do is hopefully recreate solidarity between
different people, irrespective of whether they're on left or right,
or black or white. We come together in an a
political private sector that's supposed to bring us together. We
lost that with the rise of stakeholder capitalism and black
rock led capitalism over the last decade. We want to
restore a new type of capitalism, the classical kind of
(32:56):
capitalism at the heart of American capitalism in the next
decade ahead. So I'll be happy to say more about
that in a few months. I think your battle is
an important one. Also, do you believe that there was
a significant message scent based on what you wrote about
and woke Ink when Ron de Santis fired back against
Disney and basically let it be known that the right
(33:17):
was not just going to continue to cowtow to a
tiny percentage on the left that is woke that had
been driving the trajectory of our country. Yeah. I think
it's a powerful message it. Disney is just a great
example to look at where there's a good survey data
on this. We're over sixty percent of their own customers
were put off by their decision. Okay, So if we
(33:38):
were a shareholder of Disney, the thing we would tell
Disney is knock it off. Three words to bop chaffick.
Not at all. You're alienating your customers. Customer volume is down,
your stock is down more than the SMP five hundred
over the same period, and you have had clear losses
of business benefits in the state of Florida. That's not
what you should be doing if you're focusing on excellence
for your customers. And yet the top three shareholders of
(34:00):
Disney today don't give them that message. Instead, if anything,
if you read between the lines of their comments and
other context, it actually seems to encourage them to exactly
take the kinds of harmful positions that they have. So yeah,
I do think there's a room for political responsiveness and
even legal responsiveness here, but actually the solutions that I
prefer the most are competition through the market itself. All
(34:21):
state actions have unintended consequences, even ones that are necessary
to be taken. That's why I generally prefer, whenever possible,
let's sort these things out through the marketplace of ideas
and through the market itself and actually leave it to
consumers to make the decisions. And I think that's going
to be the way that we hope to reform the
management industry, and not just the asset management industry. That
is the one industry that's upstream of every industry in
(34:42):
the American economy, which is what my real motivation is.
I think the battle that you're fighting is an incredibly
important one. Encourage you to check out WOKE in it's
a fantastic book. He is Vivec Ramaswamy, and he is
fighting the battles that many of us need to be
fighting in both the marketplace of ideas and also the
capitalistic marketplace in general. Look forward to talking to you again, Vivec.
Thank you for having me, guys talk you. Look Mike
(35:05):
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(36:11):
in play Travis buck Sexton Show. When you're finishing off
the Wednesday edition of the podcast, encourage you to go
grab sign up for the podcast. You can search out
my name play Travis. You can search out buck Sexton's name. Boom.
You'll make sure that you never miss a single moment
of the program. Vivic was just great. Also, David Marcus
was fantastic in the second hour. And Buck, we've been
talking about it off the air. There was a story
(36:34):
that both of us could not stop checking out the
details on it. Maybe everybody's thought about it before. Guy
was up in a Cesna plane passenger the pilot has
an emergency and is no longer able to fly the plane,
and the passenger, who had never ever flown an airplane,
(36:54):
put on the headset and air traffic control walked him
through landing the plane. And I'm gonna be honest, this
is something I've worried about before. I had never been
in a situation where I was on the plane and
it was just me and the pilot until recently, just
a couple of months ago, and I legitimately was sitting
(37:14):
in the back of the plane thinking about this. Do
you think you could land a plane if that was
the situation, if the pilot became incapacitated and it was
just you and you had to go up to the cockpit,
do you think you could pull this off? I'm a
confident fellow, Clay, so you know my CIA training would
kick in, which would involve memo writing not plane fly,
(37:35):
Yeah right, but yeah, I think I'd get it done.
You know, I wouldn't bet all the money in the
world on me, though I'm saying I don't know. I mean,
I don't have a lot of confidence in myself. I
had never been in that situation, and the guy who
was flying the plane, I was like, man, I'm glad
he's around my own age, because if it had been
(37:55):
an older guy, I would have been like, Oh my god,
what happens if he has a heart attack? What happens
if something goes on here? I can't think of anything
much more terrifying than suddenly having to climb into the
pilot's seat and land in airport. Can we just think
about there's a moment here where the pilot I mean,
in a medical emergency, he passed out. Yeah, so I mean,
this is like something that you would see in a
(38:17):
movie where all one second the pilot maybe at a stroke,
a heart attack, whatever it may be, out. So it's
not even like the pilot is you know, incapacitated but
awake and can tell you. You know, let's say that
you know, the he had been you know, injured in
some way or whatever. You're alone, you're in that cockpit
and you're going down and you're not gonna make it
(38:37):
unless I mean, and by the way, credit to air
traffic control. Can you imagine your an air traffic control guy.
You're sitting there and all of a sudden, it's like, uh, yeah,
I've never flown a plane before in my life, and
the pilot is knocked out cold and I don't want
to die, so can you please help me figure this out?
Full credit to them. This happened down. It was Bahamas
(38:59):
to Florida was the flight here, and they managed they
managed to pull this one off, which it's pretty pretty remarkable.
I mean, I gotta say, you know, not everybody, not
everybody be able to pull this one off. I mean,
I think also the panic that would set in for
that one moment you'd be like, this is this is rough.
Now I've probably usually gotta get you know, even those
(39:20):
planes are not very big, Buck, right, so even getting
up into the cockpit area with an incapacitated pilot would
be a difficult thing to even pull off. I think.
I think if you're telling me though, if it's a
Cessna and you're only there's only two people in the plane,
which I believe was the case here, that that feels
more doable. Let's just say this is like from the
(39:43):
movie Airplane or something. Let's say you're on a fully
stacked you know, seven forty seven or something full of
people and for some reason it's all on you. You
got your head set on, the pilots are all out
cold whatever that. I don't think I think that I
would just panic. I think I'd have a heart attack.
I don't know, well, I think the bigger and I'm
not an expert. I've never actually tried to, you know,
(40:05):
gone up and even done anything in an airplane. But
my understanding, Buck, is that the bigger the airplane, the
easier it is to fly. Meaning this and our pilot
audience can tell me if I'm a total imbecile here.
Because so much of the big planes is computerized now,
I think it might be somewhat easier to take the controls.
(40:26):
And as obviously a lot that may be true, then
maybe you could hit the auto Maybe they could just say, hey,
hit the autopilot, hit this, hit that, and you're good.
I'm just saying if there were one hundred other people,
there are way more lives at stage. It's way more
stressful than just yourself. But I think it might be
more difficult to land the Cesna because those are less
controlled by the computer technology than it would be to
(40:49):
suddenly find yourself in a seven forty seven cockpit. I
think in fixed wing you would have a shot. I
think if we're talking rotary, you're probably we're probably toast.
So I think the copters are really tough. I know
fixed wing pilots were like, I can't fly. I knew
them in the military. They're like, I'm a fixed wing guy.
I don't mess with those those propeller things. Oh I'm
not only that. I think the time of day matters
(41:11):
the weather, you know, because if you've ever been up
in some of those little planes when when there's a
storm coming through, that is you're bouncing around a lot,
And if you're flying at night, it's a lot different
than flying during the day too. I mean, so this
is a heck of a story, but congratulation. I think.
I think both of them ended up okay. So see,
(41:34):
look we end on a on a happy story. I
believe I believe that they're both. I know the guy landed,
he's okay. I believe the pilot also ended up getting
medical attention or I should just check on this one.
Uh play. We've covered a lot of ground today, my man.
And tomorrow we've got Kennedy from Fox Business of Kennedy Fame,
(41:54):
her own show over at Fox show be talking to
us our buddy Rob Smith, who is a commentator, author,
army veteran, and all the news today. Man, it's going
to be fantastic. Cannot wait. I look forward to continue
to have a good time down here on the Gulf Coast,
appreciade all the people who listen to the show down
here in this market, and man will continue to be
(42:15):
voices for sanity in an insane world, Tomorrow Fleet, Travis
and Buck Sexton on the front lines of truth,
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