The All-In Podcast

Freedom vs. Safety and the Future of Policing: Axon CEO Rick Smith joins Friedberg

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(0:00) $AXON CEO @AxonRick joins @friedberg

(2:39) History of TASER/Axon: brink of bankruptcy to IPO

(9:05) Going public during the dot-com crash, selling to police, battling shorts and an SEC investigation, pivoting to software

(20:47) Creating the police body cam, surveillance state concerns around Flock

(35:25) Freedom vs safety, Skydio deal, Taser drone project controversy

(45:24) Future of robotic systems and drones in policing

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Chamath: “I got it totally wrong. This election was a complete and total repudiation about the state of the economy. The economy is broken.”

“What I don't think I understood clearly enough, and I think that this election has made it extremely clear, is that since COVID, we have moved past political ideology.

And I want to say this again, I do not think Democrats or Republicans matter. That is my real takeaway after this election.

There is a central bloc of people that vote on the prescient issues of our time. What are these people voting for? I think what they are shouting now, they were trying to signal, and now they are shouting, is a broad-based belief that the economy has completely decoupled from reality and is broken.

The economic reality in America is broken.

There is a small percentage of people, the four of us on this pod and all of our friends, who are the asset owners of America, and we have benefited in every weather condition.

When rates were zero, we benefited because we were able to build our businesses with very cheap capital. When rates were high, we benefited because we had pricing power. And in every condition in between, we've all managed to continue to accumulate and grow assets, but we are few and far between.

And then there's everybody else who are wage earners, and the structural capacity of the American economy to support and grow wage earners is broken.

I don't think this has anything to do with socialism. I don't think the far left won particularly more than they were expected to. I don't think the far right won particularly more than was expected.

This was a complete and total repudiation about the state of the economy. The economy is broken.”

David Sacks: Trump Can Save His Second Term by Ending the Iran War

Sacks:

“Your question was, ‘Can Trump fix this?’ I think absolutely.”

Jason:

“What's your top three things he can do to fix it?”

Sacks:

“Just get out of the war. That's my number one, my number two, and my number three.

Because what will happen, the price of Brent crude will drop precipitously.

On the day of the election, the price of Brent crude dropped 10%.

Is that because something changed in the Strait of Hormuz? No. It's because the market started to price in the mere possibility that the war would end sooner, and we got a 10% cut in the price of Brent crude.

It will go from $110 to $70 (per barrel) if this war ends. Gas prices will drop. Diesel will drop. The price of food will drop.

And then the underlying strong economic growth, the GDP growth, and the employment picture, which are still robust, will come into focus. And I think that Trump's popularity will rebound and be back in the 40s.

That's the thing we need to do. And if we don't do that, if the war continues, the Republicans will continue to bleed popularity.”

NEW EPISODE: All-In Podcast Reacts to the Midterm Blowout