In this episode, host Vivek Ramaswamy welcomes guest Michael Lind, acclaimed author of "The New Class War." Together, they delve into the rising divide between the managerial class and everyday citizens across various institutions in America. The discussion uncovers the pivotal role of education in defining power, the shifting paradigms within corporations' board of directors, the potential of nationalism based on shared ideals, and the significance of civic duties in a democratic society.
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Time-codes:
00:00:00: Vivek Ramaswamy uncovers the division between the managerial class and the average citizens across institutions.
00:03:44: Michael Lind introduces his book and its focus on the rise of a new managerial class, replacing 19th-century capitalists.
00:07:34: Lind counters Marxist criticisms and outlines the integral role of CEOs in society.
00:08:37: Through a thought experiment, Lind illustrates the significance of managers in societal structures.
00:10:04: College education is revealed by Lind as a defining factor of the managerial class.
00:15:31: Lind expounds on the evolution of the board of directors system, tailored for 20th-century corporations.
00:17:19: Ramaswamy questions the distribution of power between the managerial class and capitalists.
00:19:18: Lind presents historical ways of dealing with private economy power: regulation and countervailing power.
00:23:15: Lind advocates for the role of reformist managerial elite and heretic capitalists to empower the working class.
00:25:30: Ramaswamy proposes the MAGA movement as a possible mass member organization replacement.
00:30:25: Nationalism based on shared ideals is suggested by Ramaswamy as a potential resolution to societal power struggles.
00:32:37: Ramaswamy introduces a unique voting system emphasizing the role of national service or passing a civics test.
00:37:30: The concept of tying privileges to the Pacific is discussed by Ramaswamy to address the tyranny argument.