On the eve of America’s 250th birthday, Tom and Drew take stock of what actually built the most prosperous nation in history — and what’s quietly tearing at it. The through-line: a rising socialist movement that says it’s fighting for the working class, and the mechanism that shows it robs them instead. They trace it from the “overproduction of elites” driving the DSA, to the one American town that ran the most sincere socialism experiment ever attempted (and what happened two years later), to why inflation is the real theft from working people.
Plus: what China understands about energy that’s left the West rationing AC, the truth hiding under Trump’s growth numbers, Michael Saylor’s high-wire bitcoin bet, Palantir CEO Alex Karp’s CNBC blow-up over who really owns your data, and the collapse of free speech playing out in the UK.
00:00 Intro
06:00 The foreign-born American Vs the rise of socialism
15:56 The “overproduction of elites” behind the DSA
25:22 Why inflation is theft from the working class
30:17 New Harmony: America’s most sincere socialist experiment (1825)
51:10 How taxes actually work — and who really pays
1:06:17 Mamdani’s AC tweet and What China understands about energy that we don’t
1:19:00 Trump’s economic claims — and what the growth number hides
1:26:14 Michael Saylor, bitcoin troubles
1:33:09 Alex Karp’s CNBC crash-out on AI
1:51:58 The UK and the erosion of free speech
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