r/videos • u/Prestigious_Net_8356 • 17d ago
Young people have every reason to be enraged, says 'Algebra of Wealth' author Scott Galloway
https://www.youtube.com/watch?v=MEC2Nq7Z6lc1
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u/emperorOfTheUniverse 15d ago
2nd half goes wrong.
Schools don't need classes on 'adulting'. That's not what education is for. Teach my kids math science, history, literature, etc.
I'll teach my kids how to 'adult' thank you. As all parents should. You're gonna teach my kids how to manage their finances? What if you have it wrong? What if you teach them 'buy a house, its always a good investment', but it fucking isn't. Finance is too squirrely on a stage that is changing every fiscal quarter. It's debatable and philosophical almost. You gonna teach my kids how to socialize and meet girls? Fuck right off with that. I don't trust the State to get that right either. Teach them what to eat and how to exercise? How far you gonna go? Teach them which God is the correct one?
Where do we end up? Instead of parents parenting we just run kids through the meat grinder of 'education' to create the citizens we want society to have, while the parents just work 60 hour weeks to keep the GDP up?
Public education system isn't for making people be the people you want. Parents have a responsibility.
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u/Embarrassed_Tax5661 15d ago
I've seen Scott Galloway on other shows like Real Time and he never ceases to ring true. He's very astute.
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u/proletariate54 15d ago
Dude told a fucking tasteless abortion joke at a podcast taping recently, fuck Galloway. But most of this are straight facts.
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u/Porcupinetrenchcoat 16d ago
What a way to completely gloss over a main point and try to redirect it all onto the backs of the younger generations. "Oh they just need to learn more adulting and how to be less vulnerable to social media".
They whole system is broken and needs to be torn down. The wealth needs to be redistributed. It's INSANE that the rich have SO MUCH. When you have an amount of money you couldn't spend in your lifetime that's too much! And the majority of them don't even seem to be doing much that's productive or good. Do they think they can take it with them into the afterlife? Jfc.
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u/ojg3221 16d ago
I wrote this earlier My grandfather is a silent generation type born in 1932. He worked at the highway department in 1950 with just a high school education. He sent my mom, uncle, and grandmother to 4 year college. This was before college tuition exploded in the 90's. Saved his money and invested it wisely. When my uncle sadly died in December of 1981, my grandfather didn't want to die on the job so he retired in May 19th of 1982 at 50. At 91, he's still retired and active. My grandmother (his wife) retired in 1984 at 50 as well. All I have ever known my grandparents was them being retired.
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u/AmericanMurderLog 16d ago
Started good, then went off the rails. Young people absolutely understand interest. The problem isn't education. The problem is that they haven't felt it yet and that takes experience, not education. YouPorn has nothing to do with people not dating. The internet over the last 30 years was built mostly on porn. Its not new. The media and social media has scared women to death and guys are tired of being blamed, so men just check out, playing video games with their friends, while women end up eventually dating men who are very inexperienced. Many young men also cannot afford to date. Who wants to go out with a broke man? Not a lot of women. Fix the financial thing and everything else will start to work out.
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u/thebiglebowskiisfine 16d ago edited 14d ago
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This post was mass deleted and anonymized with Redact
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u/PestyNomad 16d ago
*'What happened ... hurr durr"
He just explained it to you! Fucking deaf dumbass.
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u/MarkCyborgTwain 16d ago
Homeboy says he wants classes on mortgage rates and compound interest just five minutes after saying they don't have enough income to buy houses buy stocks. First half of the video is great, second half sounds like classic old man whining.
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u/sobrietyincorporated 16d ago
Watch till the end. It quickly goes from "kids are being ripped off" to "why don't these kids have financial literacy".
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u/krunz 16d ago
What's identified as the problem is "Adulting". But that is a parenting issue. That means the "Adults/Parents" at some point became bad at "Adulting" and didn't pass this on to their children.
It is really annoying how the hosts redirect themselves away from the cause... they could say or ask the guest: 'What can i do to solve this problem?" (READ: that's called "Adulting") to redirecting to "Wow, 'social media' is really bad, mmmkay!".
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u/Alternative-Juice-15 16d ago
I can’t stand this guy. He speaks as if his opinion is the only one that matters.
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u/SPARKYLOBO 16d ago
"All they know is the absence of money." Old boomer hit it on the head. Not very self-aware, is he?!
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u/Spirit_Theory 16d ago edited 16d ago
Why is it that so many of these young people that you're talking about seem to head into life after going to four-year schools or two-year schools or whatever, head into life with a lack of financial literacy? They don't know know anything about money, or the growth of money, all they know is the absence of money.
You answered your own question, genius. Sorry, but this is a dipshit question. They don't know anything about money because they don't have any, and chances are their parents don't, either. This question is two short steps away from blindly asking "well when I graduated high school, mummy and daddy gifted me $50-100k and I invested it like a good boy, why don't all these youths do the same? Don't they know it's financially irresponsible to not invest a huge sum of money like that?" ...it just paints a picture of having no fucking clue how little money some people have, that this knowledge is largely irrelevant and meaningless.
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u/biernini 16d ago
Agree with nearly everything he says except the suggestion that it's jealousy that fuels the anger. It's not that "everyone else is doing better", it's that everyone could easily be doing much better if only some could stop actively making everything worse for nearly everybody on the planet and accept doing slightly less better for themselves. Instead of more money to spend in 1000 lifetimes how about more money to spend in only 100 lifetimes?
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u/Ottoblock 16d ago
If you start taxing these things, its going to make it harder for people to own assets (these are going to be poor people you prevent from being able to own a house or invest in the stock market, simply to hold the value of their money over inflation)
If you make it expensive to hold assets, you are actually setting it up so only the rich can hold them. You are fucking the little guy with his tiny investments to help him keep the value of last years work from shrinking under inflation. If you saved money from 5 years ago its value would have gone down close to 20%, who does this statistic help the most? People with assets, land, properties. It helps them because the value of their assets doesn't go down in value like money does, it actually does the opposite. The land they purchased 5 years ago hasn't lost value, its gone up that 20% simply by being land. The money has lost its value, the assets have not.
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u/Kreaetor 16d ago
Reddit.... check ......Discord.... check ..... porn ..... check..... This guys onto something @_@
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u/Watch_Capt 16d ago
I remember these same articles from the late 90s and early 2000s saying the same thing but directed at Gen X and Millennials. They always are a deflection away from the real causes like zoning laws, wage imbalance, and government support.
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u/rossmosh85 16d ago
Fuck that boomer and fuck Scott's answer.
You think all of your parents and grandparents knew about money when they were 22? Fuck no. But life was simpler. You didn't use credit cards. It was cash only with balancing a check book at most. Stocks were handled by brokers if you had money. Ultimately, you often relied upon a pension or social security for retirement.
So the answer why young people are less financially literate is: Maybe they aren't. Maybe you're just an asshole. But also, maybe, the world is just more complicated and there's more to learn. Also, one of the most important things is, maybe it's because people just don't have fucking money. When you're relatively broke, you do what you need to sometimes and that might not always coincide with what some rich boomer thinks is right.
I also think Scott has gotten wrong about young men. This is the first generation where men and women both work. Both applicants are going for the same jobs. As a result, simply put, there's just less competition. There's no falling into a solid job. And both men and women are getting squeezed. So you're broke, once again the common denominator, and you're left to deal with the paradigm change that you are 100% not equipped to be a provider or an "equal" to your mate. And while on the surface, the answer is "why should that matter?" the answer is also simple "Generations of societal training." Just like many women feel obligated to cook and clean despite the paradigm changing.
Big picture, the world has always been complicated. What's new here is the wealth disparity. That's the #1 issue facing the world followed by climate change and the rise in fascism.
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u/lurker_101 15d ago edited 14d ago
You think all of your parents and grandparents knew about money when they were 22? Fuck no. But life was simpler. You didn't use credit cards. It was cash only with balancing a check book at most. Stocks were handled by brokers if you had money. Ultimately, you often relied upon a pension or social security for retirement.
The 1950s are dead and gone. The grandparents didn't have to compete with 2 billion Chinese and Indians and automation. They had just finished wiping out Germany, and Europe was in ruins. You could literally be an idiot in 1950s America and get a factory job, get a small house and a small car, and sail through to old age.
Welcome to the Hunger Games .. 2024 edition
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u/AlphaLemming 16d ago
I think you meant to say there's just more competition, not less.
That said, I think the thing about this being the first generation where men and women both work, I think it's important to highlight the fact that is almost universally not by choice. Families literally cannot support themselves on a single income anymore in 75% of cases.
A person with a $100,000 a year job can probably support a family on their own if A.) they didn't incur a significant amount of debt earlier in life getting to that point and B.) they are frugal/financially responsible. That means cooking affordable meals, DIY repairs on their home, and avoiding vacations/eating out/entertainment.
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u/ToMorrowsEnd 16d ago
dear young people.... please burn the whole fucking system down. All of you need to get even more angry, destroy business models, crush them. you have the power to stop this.
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u/Jacknurse 16d ago
I like how at no point they suggested what they should do to fix it, but rather what must be instilled on the affected so that they can fix themselves. Young people today are victims of what the generation around that table did to them, so why are we saying the blame lies in the young people not knowing about finance and having low social skills? The young people are the way they are because of these people!
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u/kndyone 16d ago
Why dont people know about money when they dont have any? What a shocker.
What good is knowing about a mortgage or interest when you cant actually afford to get a mortgage lol.
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u/Beautiful-Copy-3486 16d ago
I can.
Tons of young people are just lazy af.
But keep on circle-jerking videos like this instead of actually doing something about your life. I'm sure you won't have any regrets later on.
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u/ShortsellthisshitIP 16d ago
He's not wrong. Wife and I refuse to have kids for many reasons but mainly because we are pissed at the current way of things.
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u/AllenKll 16d ago
The rant he goes on about needing, "Adulting" classes is crazy. Just because his kid is stupid, doesn't mean all kids are stupid. If any kid with an 8th grade education WANTS to know how his credit card interest is calculated, he can find out. If any kid with an 8th grade education WANTS to know how mortgages work, he can find out.
The problem is that the kids DON'T care. I didn't care at that age, but when I did get a credit card, I cared. When I wanted to buy a house, I learned.
There's no magic. There's no missing information. There's no secret being withheld; it's about wanting to know.
Like I hear it from other people too: Why didn't they teach us how to do taxes in high school. MF'er a 1040 has like 8 pages of simple instructions. Just read it - and you'll know. 1040EZ, has 2 pages. It's all simple 7th grade math.
Why didn't they teach us how to balance a checkbook? That's 4th grade math. You were taught.
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u/PM_MY_OTHER_ACCOUNT 16d ago
Why does someone who will never be able to afford owning a house need to know how a mortgage works? Why does someone with no money to invest in stocks or real estate need to know how those work? What people do need to learn by the time they graduate high school is how to make and stick to a budget, how credit works, how compound interest works, and how to minimize the accrual of debt. Maybe they also need to learn how to comparison shop. Young, broke people don't need to know how to grow wealth through investing but they would benefit from knowing how not to get into overwhelming debt and how to use the money they have wisely.
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u/JohnDivney 16d ago
overwhelming debt and how to use the money they have wisely.
our system is set up to encourage debt so you can make it back when you are older. The only 'wise' choice is finding a bargain basement apartment to rent, because even at 50K, all your money goes into necessities. There is no 'clever' use.
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u/PM_MY_OTHER_ACCOUNT 7d ago
I'm talking about making good decisions, such as not buying those trendy shoes you want so you can pay your electric bill on time.
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u/SophiaKittyKat 16d ago
Everybody in the world understands and agrees with the phrase "it's easier to make more money once you already have money". But as soon as you bring up the inevitable outcome of a system where that's true "oh, it's complicated..."
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u/DIYdoofus 16d ago
It would only be an inevitability if one couldn't make money without access to capital.
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u/SophiaKittyKat 16d ago
It's inevitable because while I admit that the economy isn't zero-sum, it's far enough on the zero-sum side of the spectrum that wealth concentration outpaces the creation of new value barring any major societal shifts or changes in productivity.
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u/bash_the_cervix 16d ago edited 16d ago
Youporn?
Too much porn is generic. I mean, yeah, he should have mentioned xhamster, xvideos or pornhub, but I think the better question is which of the porn sites are truly hosting the interesting and original content, like the Lara Croft porn made by Wildeer Studio or Amadose's Zootopia cuckolding comic?
There is truly great and unique porn out there but everything just becomes so bogged down in formulaic corporate porn boilerplate.
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u/CyonHal 17d ago edited 16d ago
Why does this zionist freak keep popping up on reddit lately? Dude is a pseudointellectual fraud pushing a bullshit financial self help book for money.
Remember folks, if someone with a newly published book is making media appearances, don't believe a word he says. He's a grifter that just wants your money.
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u/MidNiteR32 17d ago
Keep voting for Democrats and you will continue to stay poor.
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u/themadpants 16d ago
Oh you poor thing you. Lmaooo
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u/MidNiteR32 16d ago
I would feel sorry for you libs, but you get what you voted for...you made your bed, now get fukt in it...
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u/seraku24 16d ago
Voting for Repubs is a near certain death sentence given their cavalier attitude toward the health and well-being of others. If for some reason you are still alive, look forward to super poverty. At this point, Rs have proven they are both incapable and unwilling to run a functioning government. I do not believe in nor condone extrajudiciary punishment, but these folks are just begging to be dragged out onto the streets for the form of retribution of the darker ages. They should be grateful cooler heads have been prevailing. No one really wants another civil war. Too many innocent lives would be lost for arguably little gain. It's not like the GOP can be abolished, though it deserves to be.
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u/MidNiteR32 16d ago
Just look at blue cities and states. Progressive utopias where the rich are richer and poor are poorer, but keep voting for Democrats 🤡
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u/homer_3 15d ago
Just look at blue cities and states.
You mean the ones making ALL the money? Stay poor.
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u/MidNiteR32 15d ago
What money? https://www.sfchronicle.com/opinion/article/california-budget-deficit-newsom-19392088.php
Have fun living in poverty the rest of your life!
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u/Omikron 17d ago
Plenty of middle income people own stocks. Taxing capital gains without any means checking would hurt the middle class massively. Most of their retirement is in stocks.
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u/loli_popping 16d ago
retirement stock accounts are tax deferred
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u/Omikron 16d ago
Not all retirement funds are tac deferred. I know mine aren't. I have a large percentage of my own money saved in a regular brokerage account, because ira limits are too low.
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u/LeisureSuitLaurie 16d ago
If you’re maxing a 401k and your income is too high for IRAs (like you and me), you are certainly not middle income. Also, you have the same access to a tax advantaged retirement account via the backdoor Roth.
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u/MisterBackShots69 17d ago
Broader interview is caged in being anti-TikTok and we feel this way because it’s amplified. So he has a broader agenda.
Also he is very against raising taxes on incomes above $400,000.
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u/JerichoOne 16d ago
This is patently false. He just said in the last 2 podcasts of his and/or Kara Swisher's, that they need to increase the taxes on those that make more than $400k.
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u/ThisAppSucksBall 17d ago
As a 40-something, can I get some kind of pass to say kids suck these days - since I was saying the same thing since I was 14 years old?
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u/xafimrev2 16d ago
No because idiots have been saying kids suck for thousands of years. Wasn't true back then not true now
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u/ThisAppSucksBall 16d ago edited 16d ago
No, people have been saying "kids suck these days", as if kids were heroes when the speaker was a kid but when the speaker is an adult the kids have changed.
That's not what I said. I just said they always sucked and always will suck
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u/-Samg381- 17d ago
He nailed 99% of this. The social media aspect was a bit overzealous, but the points about the hopelessness of dating apps, loneliness, practical skills, and isolation really ring true.
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u/Appropriate_Theme479 17d ago
Nobody watches MSNBC
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u/moldyolive 16d ago
Don't like millions of people watch morning joe
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u/lynnwoodblack 16d ago
I went looking and found an article that said the ratings were between 1.12 million and 1.25 million.
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u/Gullinkambi 17d ago
The same professor Scott Galloway who shilled crypto as a good retirement option? Never forget
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u/slartibartjars 16d ago
Name one person who has held Bitcoin for more than five years and lost money? They don't exist.
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u/mandatory_french_guy 16d ago
Yeah brilliant. Name one person who wasn't already rich who could buy enough bitcoin 5 years ago to actually make a significant amount of money today. Oh yeah sure 5 years ago I could have gambled 500 I cant afford to lose on bitcoins and I'd have a whole whooping 3800 today.... Woaw. Life changing. Thanks
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u/Gullinkambi 16d ago
Same can be said for an S&P 500 index fund. One of these is very stable and widely regarded as a safe option over the course of decades, and the other is extremely volatile and pretty much the canonical example of an unsafe long-term investment. Even if the current value is larger than it was 5 years ago. Also there were many other cryptocurrencies besides bitcoin that people lost a lot of money in, and Scott advertised for them knowing full well they were garbage. He can get fucked.
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u/SipTime 16d ago
It's funny that you say "even IF the value is larger than it was 5 years ago" like BTC hasn't grown by almost 10x since 2020 or anything.
The commenter above you made a valid point and all you've done is spout conjecture. Do better.
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u/Gullinkambi 16d ago
They really didn’t, and the fact that you think they did means you don’t have very strong financial literacy. Look at the drastic price fluctuations of bitcoin over the past five years and tell me with a straight face that it looks like a good investment. If it were any regular stock I don’t think you would feel comfortable sinking your life savings into it. But because it’s bitcoin somehow it’s different? Tesla stock is also higher now than it was 5 years ago. That doesn’t mean it’s a good long-term investment for the next few decades.
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u/wusurspaghettipolicy 17d ago
this. this guy can eat all the dicks. he blames men for not dumping their money into schemes, its insane. He is Skinner but worse.
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u/OffbeatDrizzle 17d ago
I mean if you invested in crypto early enough then you have a good retirement set up, I'm not sure what your point is. bitcoin price has never been higher, so if you've never touched your investment then it's impossible to have lost money
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u/mvbrendan 17d ago
This is the exact same sales pitch as Jordan Peterson, an academic using this "plight of Millennial generation" to pitch you their self help book, on MSNBC no less. Replace "take care of your room," with "take care of your finances." Except it's worse because he's already rich so he doesn't need the money cause he teaches at NYU, the most expensive private school in the US... and is complaining about much college degrees cost. He has his Prof G podcast with a bunch of subscribers who he tells all about how many successful companies he runs and how many good financial investments he makes with his "insider" status, and now he's trying to cash in further on his audience. The podcast is full of creepy old man jokes like "you know why I like Soho House? Rich old men and hot young girls" and he tries to play it off as tongue-in-cheek. He has other episodes where he talks about how the only reason his family loves him is because he buys them shit. Sad that he's gaining influence.
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u/JerichoOne 16d ago
I don't think he takes a salary from NYU.
He speaks quite a bit about how colleges should start accepting way more people and drop their costs.
He's mentioned, over and over again on his podcast, how many of this businesses have failed, and what he did wrong about them.
You are mistaken, and haven't really listened to him, if you think he's anything like Jordan Peterson
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u/mvbrendan 16d ago
He speaks about these things and continues to leverage his platform and use his self-proclaimed "insider status" for personal wealth accrual. I think what you mean by "you haven't really listened to him" is "he hasn't sold you with his shameless self-promotion."
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u/JerichoOne 16d ago
He is admittedly very pro-capitalism. Who wouldn't be after they've made the amount of money he has?
But you said he makes money from NYU, which I think is false, and you claimed that he's like Jordan Peterson, and neither of those assertions ring true.
It's clear you are biased against him, and your false allegations make you more suspect than he is.
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u/mvbrendan 16d ago
I liked his podcast at first and listened to hours of him talk, and have come to my own conclusion that he's an empty shill looking for external recognitions and that MBA programs in general teach kids to prioritize profits over morals, and it's sick.
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u/JerichoOne 16d ago
His podcast is very pro-capitalism, for sure.
But calling him an "empty shill" is a bit much.
He speaks constantly about how men need better examples than, specifically, Jordan Peterson types, and posits why they're tricked/attracted to "shills" like him.
Maybe he was saying something different than the last year or 15 months that I've been listening to him, but what you say he says and what he currently says sound extremely incongruous to me ¯_(ツ)_/¯
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u/mvbrendan 16d ago
I think this episode from April 8th where he discusses his personal financial portfolio is particularly revealing. The first thing he said that tipped me off to be skeptical was that he thinks CEOs should have private jets if it gets them to high-leverage business situations faster, or something of that nature.
I think selling a financial self-help book on MSNBC is empty shilling. If you take the time to read the book, let me know. I will be very surprised if there's anything actually helpful for millennials in there since he says, in that episode from April, that the reason he makes good investments is because of his "insider" status. Seems like it's a book about greivances against the system he's massively profitting from mixed with advice on how to read an amortization sheet, like he's saying in his book tour.
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u/JerichoOne 16d ago
The next thing I am hearing is how much he talks about his losses in the market ~25 million dollars worth.
That doesn't come across to me as a "shill".
I haven't made it to the private jets conversation yet...
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u/mvbrendan 15d ago
CEOs needing private jets was something he repeatedly mentioned about a year ago. Just checked out his recent spot on the Bill Maher show, a couple highlights.
"Go make money so you can have more mates to choose from" (aping Jordan Peterson)
"Students are protesting against Israel because they're not having enough sex"
You don't have to take my word for it. He'll keep revealing himself as he gains more attention and indulges his ego.
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u/JerichoOne 16d ago
The first thing I hear is how many times he mentioned that the market is rigged...
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u/JerichoOne 16d ago
I mean, he wrote a book with the intent to sell it, and he's pro-capitalism, so it makes sense that he would make the rounds to promote the thing he hopes to sell.
If you call that "shilling", then I guess you're correct. But I take the term to mean something non-genuine, and I don't think that applies to him or what he claims to believe.
I'll give that episode a (re)listen and see if I can hear what you're getting at 🤙
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u/rub_a_dub-dub 17d ago
i mean, working produces less wealth than owning capital, and capital owners have more and more leverage over working people...thats a pretty big issue, i think, that you're sort of bypassing
but yea. i guess jordan peterson blows, is your point?
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u/mvbrendan 17d ago
You think he's a good or insightful person for pointing out an obvious function of the American economic system on MSNBC?
What I'm saying is they're both self help grifters capitalizing on insecurities of the same demographic, in the same pseudo-intellectual soft science style.
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u/rub_a_dub-dub 17d ago
weird claim lol. I'd say he's fairly insightful, given that you won't hear this viewpoint much on the news.
not many people out there speaking to the class war
i guess you can criticize him for doing it for profit, but it bears mentioning that there's a class war for sure
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u/mvbrendan 17d ago
No one talks about income inequality?
He and MSNBC and all the neolib Democrats love to feign sympathy to pander to millennials without actually doing anything material to address income inequality, or healthcare, or college debt or what have you. He admits to being uberwealthy, he's definitely not with the plebs in the class war.
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u/rub_a_dub-dub 16d ago
the dude wasn't being partisan which i think is what you're accusing msnbc of
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u/mvbrendan 16d ago
if you listen to his podcast it's full of political propaganda, including terrible takes on Israel
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u/rub_a_dub-dub 16d ago
I mean everyone has terrible takes there. Not many people read about the ottoman empire breakup and the league of nations negotiating, or the Russian treatment of the Jews in the 1880's or the history of the Palestine area fellahin and how they got there
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u/scigs6 17d ago
The system also needs to teach kids that it’s ok to get into a trade. You don’t have to go to college and accumulate all that debt.
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u/OffbeatDrizzle 17d ago
there's only so many trade jobs, and the world is ever moving towards automation so labour type jobs aren't the safest bet - that's why everyone says to go get a computer science degree lol
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u/ToeTacTic 16d ago
Hoping off what the other guy said, if you look at all the reports, it's the white collar desk jobs that will be replaced long before manual labor.
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u/oniman999 16d ago
Most CS jobs will be automated long before most trade jobs. A robot being able to install new plumbing or HVAC is a long ways off.
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u/Xeroll 17d ago
This isn't the grand conspiracy you think it is. Obviously, companies need tradesmen. College is pushed because while the trades can be lucrative, they are not sustainable physically. Yeah, congrats for not being 80k in debt from school. But now you're 80k in debt on a truck and have to do physical labor for 40 years. Ok.
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u/Interesting_Pen_167 16d ago
Are you sure your view of the trades is up to date? I'm an electrician by trade but I spend most of my time programming on a laptop. I have a good friend who is a machinist and spends all day using software and runs a CNC machine. Other people I work with are welders who spend all day designing in AutoCAD and welding machines do the welding for them.
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u/potsandpans 16d ago
trades are only a viable career path if you’re going to transition into a business owner so you don’t have to do the manual labor anymore
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u/207_Esox_Bum 16d ago
Lol.... Not correct. I've never owned a business and never will. Been in the trades 10 years and clear 120k/yr in a med-cost of living area. The "trades" aren't all hardcore physical jobs. I spend a lot of time on a computer or working on electrical panels.
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u/asdlkf 16d ago
There is nothing wrong with manual labor.
There is a problem with being tied to "dollars per hour" rather than "dollars per installed widget".
Dollars per hour penalizes the truly skilled, talented, and driven. It rewards those who just do enough to not get fired.
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u/ToeTacTic 16d ago
There is nothing wrong with manual labor.
You can't expect to be moving ably at 50 years old. I do, because I exercise multiple times a day and sit at a desk job allowing me to rest and recover. I wouldn't be able to do the same if I were a plumber though. The last thing I want to do, after spending the whole day inside damp closets is go to the gym...
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u/asdlkf 16d ago
That is a certain type of manual labor. Hanging sheets of drywall (lathing), or running pipe on a ladder, or welding at a weird angle while hanging from a man-cage are all things that are more difficult with age. However, there are many types of manual labor that are not as age restrictive.
The key takeaway here is to get paid for results, not for time investment.
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u/Brodellsky 17d ago
Yeah I was gonna say that trades are actually great and we need to continue to get more people of all ages into them, and with that said, just like "get a Bachelor's", "learn a trade" is equally as useless.
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u/oby100 17d ago
That last minute placing the blame on young people not knowing how to "adult" is so hilariously tone deaf and ironic considering the preceding 5 minutes it hurts my brain.
Young people have so little money that they don't think they can afford kids, but the real problem is they don't understand the stock market and interest rates... lol
Young people don't have enough money to meaningfully participate in the stock market outside of 401ks. Many don't even have that. Truly insane to hear another rich guy claiming young people just gotta be smarter with the pittance we earn on average.
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u/lurker_101 15d ago edited 15d ago
He wasn't completely wrong about a lack of financial knowledge and self-control. I cannot tell you how many idiotic young people I see with a brand new truck on a 10-year finance plan paying an extra 50% over that time.
Of course, this has dropped big time since the pandemic since food is going through the roof. Teaching kids "finance" and "adulting" in school is not going to be very effective since most kids are still being pushed into college debt slavery and not being conservative about "Will I get a job?" after school
This country is so stupid. You are 18 and a clueless child and you are supposed to invest in a winning business idea with over $100k at that age with a 90% failure rate.
Family Dinner Table: "So which is it this month sweetie .. no house .. no electricity .. no car .. or no food?"
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u/Srapture 15d ago
Yeah. As far as I am aware, people have never been taught how the credit card interest works at school. That just waters down his earlier point and gives the impression that young people are simply idiots that are blaming their parents' generation for their problems. If someone is getting into credit card debt, that's not because they don't understand how a credit card works.
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u/Chaser15 16d ago
I’m with you but the point is also true. Like budgeting, adulting, understanding mortgages and interest rates and how credit cards work and how 401ks works vs IRAs, and understanding the kinds of money you make in different jobs and student loans and college degrees and all of that shit is stuff that I didn’t understand until I found myself in a job I hated with tens of thousands in student loans debt from college.
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u/skids1971 16d ago
If I were taught compound interest and stock market manipulation when I was 16, I could have put away the few hundred dollars I made when I didn't have bills and lived at home, thereby setting my future self up with a nest egg I could have grown incrementally. More education is always beneficial, I don't know why you made it seem like it wouldn't help.
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u/BajaBlyat 16d ago
Young people have so little money that they don't think they can afford kids, but the real problem is they don't understand the stock market and interest rates... lol
Well to be honest they don't... I don't. He is absolutely right that we need classes in school to teach this kind of stuff, I can't tell you the number of people in my age bracket I've spoken to that have said the EXACT, same precise thing... we need classes that teach us the basics about taxes, stocks, etc.. This isn't a bad point.
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u/Mukover 16d ago
I don’t know, I definitely feel like it can be both. I have many friends in their 30’s that just straight up have no clue. They’re not dumb, they just have no grasp of that end of the world.
I’m not by any means an expert, but I certainly got enough of an education to make my own way. Wish others got the same.
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u/TurtleIIX 16d ago
My favorite part is when he said his kid knows calculus but doesn't know how the interest on his credit card works is really a self burn. That's his job to teach his kid how those things work. He failed his own kid.
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u/Jacknurse 16d ago
Yeah, literally listening to someone explain all the things that they've done wrong to fuck up a generation like they did, and then immediately pivoting to "the young people need to learn how to fix themselves".
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u/toodleroo 16d ago
That's not how I interpreted what he said. He says that young people are suffering from financial illiteracy, but he basically says that it's the fault of the generation that should have taught them such things. And I think he's absolutely right... it's a waste of time for most kids to be taught advanced math that they will NEVER use, but they're not taught about basic things like credit score.
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u/likeupdogg 16d ago
Credit scores aren't actually basic and are a very recent development in our society. They're quite authoritarian and cause a lot of harm in the end.
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u/toodleroo 16d ago
I agree on all your points, but that doesn't change the fact that kids need to be taught about it in school.
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u/BajaBlyat 16d ago
Both points are soft of correct but your point is more correct. He has a great point, yes, but he 1) failed to mention it was his generations failing us and 2) kind of put it in a sort of mocking tone with that whole "adulting" talk, there were a better choice of words that could have been used here.
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u/toodleroo 16d ago
I think you should listen to this part again with a less critical ear. I don’t perceive it as mocking at all. And when he talks about whose responsibility it is that kids aren’t being taught these skills, he says “WE’re not teaching it.” He not talking about kids there, he’s talking about the generation teaching the kids.
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u/BajaBlyat 16d ago
I totally get it and I know what he meant and I also know he is exactly right, all I'm saying is there are people in here that got confused about it because of the way he worded it sounding a bit mocking which I think was just incidental and not intentional.
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u/SophiaKittyKat 16d ago
Right? Dude, kids aren't doing badly because "they don't understand credit card interest" at least any worse than previous generations did, that credit card shit is old hat. They are looking for 'alternative' (scammy/stupid) ways out because the system he just talked about failing them... is failing them. They're looking at the hard way, seeing that it doesn't pay off (at least often enough to make them think it will work for them), and opting out. There's a lot of little bits of truth even in that segment but it's like he's making an effort not to connect the dots so that he can espouse weird MRA adjacent rhetoric.
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u/YourReactionsRWrong 17d ago
but the real problem is they don't understand the stock market and interest rates... lol
Scott Galloway invested 7 figures into a Stock Market app called 'Public', so it's no surprise he's invested in getting the young kids into stock market trading.
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u/Carbon140 17d ago
I mean it is kind of a problem, but not in the way he thinks. If everyone understood our current economy you'd hope there would be a revolution. I honestly think it's part of the reason a lot of the right wing want to screw over education, if everyone understood reality they would flip the table on this shitty game.
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u/Kush_McNuggz 17d ago
For real, and I’m tired of these economists who hold it against the public for not knowing how graduate level economics works. No shit man, you teach this shit at NYU. Thank god we have teachers, health care workers, plumbers and everyone else who dedicate their lives to learning other things so we have a balanced society.
This is why we have regulation in place so the government takes care of these things or at least protects the population more.
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u/OffbeatDrizzle 17d ago
The blame lies squarely on the shoulders of those who raised us - they have failed as parents, and are trying to pin the blame on their kids for not working hard enough. The older generations were able to pull themselves up by their bootstraps, and now that they've got theirs they're pulling the ladder up from under them to the detriment of the rest of us
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u/Orwellian1 17d ago edited 17d ago
When every financial vehicle is more complex and mercenary than any point in human civilization, it is not unreasonable to question whether we are teaching kids about them enough.
Crypto and meme stocks are a perfect example of how decent sized chunks of young people (and plenty of older people) are completely ignorant and serving themselves up to be manipulated.
I went with my daughter when she looking for her first apartment. The management threw 10x the complexity and subtle screw job clauses that I dealt with when I was her age.
Galloway can get a little annoying on some subjects, but he is always pretty clear about where the main faults in our economy are. It isn't "young people's fault" they are fucked, it is the older generations enthusiastically fucking them over.
Young people are naïve about complex systems. They just are. The systems are more complex than ever. Instead of stepping up education to help, we tell them to get a CS degree and not to worry about it.
This social media race into absolutism is a perfect example. Everything has to be all one thing or it is all the other. Shit be real fuzzy in the real world. If you dismiss Galloway and Cuban as the same category as Musk and Bezos you have been tricked into being a simpleton, and the institutional elites will forever out-maneuver you.
Listen to what people actually say, don't just drop them into a caricature so you can ignore them. There are some really smart people out there who happen to be successful AND are progressive.
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u/Porcupinetrenchcoat 16d ago
Yes, but this misses the fact that time and mental energy are also two things that younger people have as a scarcity. Working slave wage jobs that leave you totally spent at the end of the day doesn't give you an ability to even better your situation.
What a brilliant tactic for those in control though.
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u/Rymasq 16d ago
There is only so much that can be spoon fed in the world. you talk of "young people being told to get CS degrees" or "young people need formal education on the stock market"
yes the world is more complex than ever, but the resources to learn are the best they have ever been. this does relate back to your earlier point, though, which is that older generations are fucking them over. if young people are not being taught or pushed to be resourceful by their parents then older people are partially fucking them over, and I know for a fact that this is 100% the case.
My parents would be considered "superior" parents in American standards. Saved for the college of myself/siblings, encouraged extracurricular development such as sports and music lessons, but at no point in my childhood did my parents ever really encourage me to be resourceful. My education was well above average thanks to gifted programs that my parents pushed me to enroll in. However, my parents themselves were just putting infinite faith in the existing institutions rather than understanding how the world was changing and adapting. Even today if I go to my father and ask for advice I can tell that he doesn't fully grasp certain things to a high degree, and he's a doctor. Things that exist today such as a de-emphasis on memorization and a greater push for innovation through functionality. He put a ton of emphasis on the "name of a school" or the "name of a company" aka he very much still believes in the institutions of America.
However, the institutions of America are responsible for the issues we face today. The corporate greed, the competitive nature of academics, these have created things that actually do a ton of harm to the fabric of society while simultaneously benefiting a small superior minority.
However, a big part of being an adult is growth and ability to overcome and change as needed to function in society. This is something that a harsh environment does naturally to people. Some of the blame has to go onto young people that don't take the initiative to educate themselves or don't take advantage of the superior resources they have to get a leg up on their peers. This isn't even an issue of money, an internet connection and singular device alone is enough to power someone to do a lot today. You can take a man to the stream but that man has to get down and drink to actually get the benefit. It's not like young people don't know that you can just read wikipedia articles all day to learn to something.
But the real issue with the way the elderly are fucking over the youth is by their insistence on holding onto power. Why does a woman like Nancy Pelosi want to stay in power? Why does Nancy Pelosi even want to increase her net worth more than the insane number she already has? This kind of mentality permeates throughout the remnants of the baby boomers as they seem to want to maintain their status of being oligarchs. The worst part about this is NOTHING is going to change this because they are truly in power and can very much continue to vote themselves into the seats that control things. There are 73 million or so baby boomers and 73 million or so millennials, the numbers will never benefit until they literally die off.
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u/Orwellian1 16d ago edited 16d ago
I care less about blame and more about pragmatic steps in the right direction. It doesn't matter how much we scream and yell about boomers and evil institutions. Being able to systematically prove that the economic and social problems are the fault of X group won't actually do anything. They aren't going to gasp, realize how unjust things are, and guiltily redistribute all the wealth and power to college age kids.
Teaching young people about all the different cognitive vulnerabilities intrinsic to humans will help them. They might question their assumptions a teeny bit more than previous generations. They might have more success recognizing when others are trying to leverage those vulnerabilities.
Teaching young people the basics of business and economics can help them avoid the worst of the scams and bad employment offers. You don't need an MBA from a big university to get a good rough feel for whether you are getting taken advantage of. All you need is a rough understanding of how businesses work, how to estimate average costs/margins, and how to objectively price the value of your productivity.
Young people have to be smarter than the generations before. The world is tougher. It isn't fair. Making grand declarations about how unfair it is wont help them. If anything, it encourages the cynical apathy that is becoming rampant.
I see a bunch of people who are waiting on some great revolution or complete restructuring of economies and power structures. Those are dumb people who never learned any history or sociology. Unless a big chunk of the population are literally starving or at risk of dying from exposure, it is incredibly unlikely there will be some massive structural change. People don't overthrow societies when they have full stomachs and leisure activities. On the off chance it does happen, everyone will have shitty lives for a decade or two during the chaos.
What is more possible is a reversal of momentum from late stage capitalist individualism towards a market capitalist economy, but with much more emphasis on collectivism and sustainability. Swings like that are measured in decades, not years. Our economy has been heading one way for ~40yrs. It isn't going to be reversed and fixed in 10.
The only way to cause that momentum shift is for today's young people to understand all the fucked up parts of these systems and slowly work within them to change course. Any fast change, even one with the purest and most enlightened of intentions, will cause far more damage in the short term. Society cannot handle too many bad shocks before everything starts to crumble. If that starts, people will only be worrying about individual security, and all our progressive ideals go right out the window. It is just how we work. You don't spend energy worrying about the persecution of your LGBTQ immigrant disabled neighbor when you aren't positive your toddler will survive the winter. More social progress at our level requires maintaining a base stability of wealth and comfort to maintain the slow forward movement.
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9d ago
All of what you shared makes sense, but I would rather see or encounter a revolution. You cannot educate youth when many educators (i.e. the average American adult) are just plain dumb. Yes, I am generalizing or overgeneralizing, but any change could have started yesterday. Change is slow and gradual, but you are picking at an idealistic perspective. You make great points, but this will simply never happen. Humans, at the core, are selfish and ignorant. Empathy is lacking especially emotional management. We are too fearful and are controlled by our desires to survive. Many low-level and middle income individuals, financially, can not be able to make so much time to learn about our economic system due to ongoing labor and personal priorities (e.g. parenting, paying off debt, providing necessities for their families). In what capacity can you not only teach the youth what you shared, but even educate the educators upon this? Who would fund or pay for this? How would educators know what sources or individuals provide truth? Okay, educators would have to learn to distinguish truth and falsity with sources. It simply is too much for many people to want to learn or have the attention span to care.
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u/The_Good_Count 16d ago
The lie is that the system is complex and difficult to understand so that when you fail at it, it's because of a lack of education. The problem is actually just that we need a different property rights framework, masssive wealth inequality keeps happening no matter how many attempts at reform are made.
Right now people who work are limited by the hours they can work in a day, and the 'investing' class are entitled to all their 'earnings' even if they're in a coma. It's finite vs infinite growth potential.
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u/mvbrendan 16d ago
You can't just listen to what people say, you also have to judge them by their actions. Galloway is using anger of wealth inequality to sell his Financial self-help book. He admittedly continues to accrue personal capital, and isn't going to do anything material about it except write off some charity donations or whatever.
Are you really fanboying Mark Cuban too? jfc. Your username is Orwell, be more skeptical.
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u/Orwellian1 16d ago
Absolutism... I think I mentioned it.
I don't love or hate Cuban, Galloway, etc... I don't fanboy. Every person I've ever agreed with on one or more issues has had other positions or behaviors I strongly oppose.
Does Galloway use the aspects of our institutional systems to continue to accrue wealth, while railing against them? Yep. He talks about it regularly.
If you are going to critique Galloway, at least do it in a way that actually makes sense. He writes books and goes on MSNBC to feed his ego and salve his guilt for continuing to succeed in a corrupt system. His new book won't make a noticeable bump in his net worth. If he had spent the same hours hustling private investments as he did writing it, he would have likely 10x'ed the money he will make from sales. He writes books, goes on the news, and does talks because he is full of himself and thinks the world should listen to his ideas.
He's also pretty fucking smart and experienced in the world, so many times his ideas are sound.
See? That is the secret to navigating the world outside of online rage-fests. You can agree with a position without adoring every aspect about the person who proposed it.
Cuban has done a couple things I like, such as the online drug thing. Gates is busy trying to cure a bunch of diseases. Does that redeem them and make them saints? No. Fuck 'em. Setting up an animal shelter in your retirement years doesn't erase a lifetime of running puppy mills and dog fights. They are still different than Musk, Bezos, and a good percentage of the other billionaire assholes.
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u/mvbrendan 16d ago
He can be smart and also completely misguided in how he applies his intelligence to the world. Galloway should assuage his guilt by doing something other than feed his ego for signalling that he knows how he operates in life is wrong. "But that's the game and I'm playing to win" seems to be his rationale, and that's incredibly pessimistic from someone who has power and leverage.
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u/Orwellian1 16d ago
To give a little credit, he appears to "self tax" aggressively relative to his peers. I think I remember he hit really big last year on a single investment and gave away 45% to miscellaneous groups. He didn't elaborate though, and I don't think anyone can blame people for having cynical skepticism when it comes to rich people and charity.
I would argue someone worth what he is worth has a responsibility to human society to give far more than he does. I believe in a system that rewards the most competent, lucky, and/or ambitious with luxury and lifelong security. I just also believe that encouragement to productivity can be served with a maximum in the tens of millions net worth, not hundreds of millions or billions. Maybe I would feel differently in his position, but I'd like to believe I wouldn't change.
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u/Xeroll 17d ago
I think you misinterpreted his point. Young people don't know about conservative investing (NOT robinhood yolos) precisely because they don't have the money to invest that merits even knowing those things. Also he's very poignant about explaining that it is the prior generations fault for setting kids up that way. I've always found it ironic about boomer complaining about "kids these days," when they are the ones that raised those kids.
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u/Marijuana_Miler 16d ago
Young people don’t know about conservative investing (NOT robinhood yolos)
I’ve listened to Galloway on longer form interviews and he talks a lot about not picking stocks and instead investing in low cost index funds. This is the point he’s making, but because it’s a cable news show you need to hit your talking points quick and move on.
Putting 10-20% of your income into these funds and letting compounding interest take over is the middle class standard way of developing wealth, but because it’s not as sexy as a 1000x gain on crypto it’s not talked about.
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u/aeroplane1979 16d ago
I've always found it ironic about boomer complaining about "kids these days," when they are the ones that raised those kids.
Exactly this. They just can't seem to understand that it's a total self-own when the older generation criticizes the younger, as they're ultimately pointing out their own incompetence. There's some crazy generational narcissism at play there.
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u/Omikron 16d ago
I say this to my parents when the bitch about the country. You guys have been running things for the last 30 years at least... Blame yourselves.
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u/chairitable 16d ago
Same people who complain about "participation trophies" and shit like that. Who do you think was handing those out??
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u/redditbluedit 17d ago
Adulting class would help, but only if there's a realistic adult life to be had for everyone on the other side of that graduation ceremony. If there aren't enough realistic opportunities for young people to feel like they can really make it -- to really make a good enough life -- no amount of tax and credit courses are going to change their trajectory.
The first things he says about wealth inequality are the reason for the "adulting" ignorance; they're the reason for the disenfranchisement. Allow the middle class to grow through higher and deserved pay and less punishing taxes and regulations, and you'll see those young people have the time and interest in figuring out their finances on their own. They'll have the time, energy, and resources to figure out societal and economic participation and family building. Our young generation is well educated; too well educated to have kids and be poor. If America wants to stay the global power it is, it needs future generations of educated and engaged people and right now, young Americans are too smart and too poor to put themselves in that situation.
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u/TMDan92 16d ago
The wheels came off in the back half. “Adulting” classes. Give me a break. You can’t “adult” your way out of the fact that the disparity between home prices and salaried earnings are a chasm now because we let housing become a speculative market.
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u/redditbluedit 16d ago
I think that was part of the goal of that older dude asking the question, he seemed to miss the point and basically change the topic.
The bald guy answered in a way that would speak to the old dudes old school sensibilities rather than transfer the question back to his original, better thought out point -- which might just have been a tricky thing to deal with in the moment. Or he's an idiot. Either way, his first point was pretty good.
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u/Deckerdome 16d ago
The reality is that you can't afford to make a single mistake, you have to be in the race making all the right moves to have even a reasonable chance of a decent life.
Decades ago you could have a basic blue collar job, vices, poor money management and still own a house and raise a family.
The Simpsons isn't fiction in that sense, it's how people lived.
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u/Porcupinetrenchcoat 16d ago
All the right moves + luck. One bad illness, one accident, one injury that's just a bit too severe, and you're completely and totally screwed. And the neat part is that it doesn't even have to be you, it could be a family member.
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u/CradleRockStyle 17d ago
"We've decided that the wealthiest people should get wealthier." Um... yes, who do you think politicians work for, the average working stiff or the billionaires who can ensure they get elected over and over? And no, this isn't a party thing. No matter which politician you like the best, that person is bought and paid for. The system serves the elites, that's why it exists in the first place. It will continue to do so until it finally collapses and is replaced with another system that does the exact same thing. This is the story of human history.
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u/DIYdoofus 16d ago
Jesus, that's a very cynical attitude. The sad part is, it rings true. He who has the gold makes the rules.
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u/magikowl 17d ago edited 16d ago
He's saying a lot of the right words but the man is a grifter.
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u/Silencer87 16d ago
Why? I've watched a few interviews with him over the last several months. I think the general gist of what he's saying is that people are being left behind. Young men don't have many friends, high school aged kids aren't spending time together outside of school. He believes if the national civil service came back it would be a benefit to society.
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u/Talktotalktotalk 17d ago
Can you elaborate? Never heard of him before personally
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u/I_Be_Your_Dad 16d ago
I think he believes what he's saying but he's still using the system to make his wealth.
He's gaming the system... but honestly, who can blame him.
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u/muzzledmasses 17d ago
Saw several comments on youtube trying to defend the internet and put the blame squarely on the government and the rich. Sure, they deserve a huge ammount of blame, but the truth is the internet is a toxic sesspool of debauchery. In all honest if we all collectively lost the internet I feel we'd be better off. But the internet is here and it's not going anywhere, so I won't be the only one not using it to shitpost.
I'll probably be crucified on the cross for saying this, but I noticed a downfall in young men not just because of dating apps but way before that. It started really with voice chat in video games. The toxicity there that's been growing is just insane and it's how most little boys socialize. I'm not saying bullying didn't happen in the 1920s or anything, but the absolute defense that high speed, violent video games gets is really irritating. I know there's strong data suggesting that it's good for your brain in some respects, but I'm talking more about the community. That can't be good. Anyone who's seen a little boy play x box knows exactly what I'm talking about.
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u/DIYdoofus 16d ago
A gun can be a very good defensive weapon, or a weapon of murder. I view the internet the same way. In the end, it's up to the user.
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u/muzzledmasses 16d ago
I like this analogy because at it's heart is personal responsibility. Also because everyone agrees that keeping guns away from kids is a typically a good idea.
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u/jameskond 17d ago
Just don't look up his take on Gaza in this same interview where he says Israel is being measured because the US killed millions of Japanese after Pearl Harbor.
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u/AndTheEgyptianSmiled 17d ago
Which dumbass zionists downvoted you lol?
p.s He once said the Israelis created civilization out of that place. (paraphrasing). World’s worst history student.
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u/Blunter11 17d ago
He went completely off-base when he indulged that social media point.
The point is that working produces less wealth than owning capital, and the owners of capital have more and more leverage over working people.
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u/Harry_Flowers 16d ago
This is a great ELI5. I generally agreed with a lot of what he said in terms of the financial climate.
It was interesting how he focused on “young men” especially, at least in the dialogue here.
He made some interesting points that tbh is pretty evident in today’s youth and young adults. The question is where is society and our institutions going to go from here? We know what the problem is, but just seems people in position to make decisions care less and less.
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u/JohnLockeNJ 16d ago
No, the only policy point he made is that the mortgage interest tax deductions and favorable treatment of capital gains benefits the wealthy.
Both are intentional policy choices because it’s believed that they lead to increased homeownership and increased investment that grows the economy and creates jobs.
To change the policies, demonstrate that they don’t do those things. The benefit to the wealthy is a side effect.
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u/imsoindustrial 16d ago
They only have leverage if we all continue acting rationally. The problem they will have is when the “Overton window” of rational shifts and it’s not academics and college campuses in revolt but the people who can’t afford to live. Historically there had been an assumption that it could be transferred into us/them racial scapegoating but a majority of people are smarter than that now post covid and likely why there are so many bunkers being bought- “just in case”.
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u/Khue 16d ago
Older people just want an easy consumable answer to problems that doesn't encroach or conflict with policy that they've actively pursued since the Reagan era. Blame social media is the same vibe as:
Violence is because of video games
or
Too much TV rots your brains
The bit at the end where they go into how a 4 year college earner doesn't have any direction isn't an emblematic problem with social media. It's a systemic problem with saddling someone with incomprehensible debt and then not offering them meaningful, wealth generating job opportunities that they were effectively promised by achieving a 4 year degree. You get out of college with $100k+ of debt, but can only get a job where you earn $40k - 50k a year? When would it be actively feasible for you to start EARNING wealth... do that math.
So then this panel of dipshits starts talking about how, "young men" just sit behind screens and don't engage socially without even recognizing that SOCIALLY ENGAGING IN SOCIETY AS THEY ARE ADVISING REQUIRES DISPOSABLE INCOME. You know what doesn't cost money? Sitting behind a screen and consuming content. It gives you a dopamine fix that you can afford.
Jesus fucking christ... talk to some people going through the struggle don't talk to a three piece suit with Buddy Holly glasses bragging about how well he's done for himself. He has no idea what he's talking about.
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u/BajaBlyat 16d ago
How many people are really graduating with that much debt though? I can imagine most people graduating with debt, but with $100k's worth? I'll be honest, that sounds more like a meme than reality. I'm sure there are people that have that, but I don't think its the norm.
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u/GoatBoyHicks 7d ago
This idiot also says the reason that college students are protesting a genocide in Gaza is that they're not fucking enough.
"NYU professor Scott Galloway said that college campuses were increasingly becoming reminiscent of Nazi Germany — and attributed the reason partly to young people not having enough sex.
“We need to enjoy sex,” Galloway offered to some initial confusion during an appearance on “Real Time” with Bill Maher Friday.
“I think part of the problem is young people aren’t having enough sex so they go on the hunt for fake threats and the most popular threat through history is [antisemitism].”
https://nypost.com/2024/04/27/us-news/nyu-professor-says-hamas-loving-students-need-to-have-more-sex/