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- [00:01]
Scott Galloway
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- [00:48]
Unknown Speaker
Support for this show comes from Salesforce. Today every team has more work to do than resources available, but digital labor is here to help. Agentforce, the powerful AI from Salesforce, provides a limitless workforce of AI agents for every department. Built into your existing workflows and your trusted customer data, AgentForce can analyze, decide and execute tasks autonomously, letting you and your employees save time and money to focus on the bigger picture, like moving your business forward. Agentforce what AI was meant to be? Learn more at salesforce.com Agentforce Support for the show comes from Mercury. It's the fintech that brings all the ways you use money into a single extraordinary product. Now you can quickly and easily send money, pay bills, create and send invoices, issue reimbursements to your team and more without having to toggle between a dozen apps and services. Visit mercury.com to apply in 10 minutes or less. Mercury Banking that does more. Mercury is a financial technology company, not a bank. Banking services provided through Choice column N A and evolve bank and trust members fdic.
- [02:04]
Scott Galloway
I'm Scott Galloway and this is no mercy, no malice. What would a modern day Gestapo with wi fi and drones targeting people based on their identity, not their behavior look like? We know what it looks like. It's called ice.
- [02:21]
George Hahn
Ice Age as read by George Hahn President Trump is no longer fighting inflation, China or AI. Instead he's declared war on a manufactured threat, the enemy within immigrants, journalists and professors. Our biggest threat apparently isn't Russian aggression or economic inequality. It's your Uber driver or anthropology professor. This is not only cruel and depraved, but stupid as the chill being cast across the agriculture, services and construction sectors will likely be more inflationary than the tariffs. More stupidity. Trump's goal is to deport 4 million undocumented people over four years. That's about 3% of the US workforce, 10 to 15% in several sectors dependent on immigrant labor. The big beautiful bill signed into law on July 4 isn't about border security. It's a blueprint for mass detention and deportation, a $75 billion hammer in search of a scapegoat. Under the law, ICE gets funding that rivals the military budgets of Italy or Israel to build sites like the facility in the Everglade, nicknamed Alligator Alcatraz. The goal? Fear this isn't law enforcement. It's authoritarian cosplay designed to scare the electorate and silence dissent. Trump's war doesn't punish behavior, but identity as immigrants from certain countries and ethnicities are targeted. Federal agents in full tactical gear swept through a park in Latino heavy LA this week just to make a point, the mayor said. It's the way a city looks before a coup. Question what do stormtroopers, the KKK and ICE have in common? A mask? ICE has become Trump's personal praetorian guard. Minnesota governor Tim Walls, Vice President Harris's running mate, was excoriated for comparing ICE to the Gestapo. But spare us the bullshit indignation. Masked agents in fatigues raiding churches and schools, separating families is not modern America, but 1930s Europe. Or is it? In the 2026 fiscal year, ICE will receive over $11 billion, a 10% increase from current funding. The new law will more than double that. It authorizes the hiring of 10,000 agents, bringing ISIS force to nearly 30,000. In 1944, Nazi Germany had 32,000 Gestapo officers and $2 billion, inflation adjusted, in funding. They were fighting a world war. Trump is fighting home health aides and Uber drivers. ICE claims it's targeting the worst of the worst. But fewer than one third of the record 59,000 immigrant detainees have been convicted of any crime. The rest a immigrants who didn't look like the typical Iowa voter. Trump's reach even extends to his political rivals. He publicly questioned the citizenship of NYC mayoral candidate Zoran Mamdani and his former first friend. Elon Mamdani has been a US citizen since 2018. Doesn't matter. Criminal now also means not For Trump. The argument that immigrants are stealing jobs is a lie told by people who've never built a business or managed a P and L. Immigrants create jobs. They work jobs native born Americans won't touch. They pay into Social Security but rarely collect. Deporting them is an economic own goal. The Cato Institute estimates the cost of mass deportations could eventually exceed $1 trillion. The Peterson Institute projects a 1.2% drop in GDP if 1.3 million people are deported, growing to 7% if deportations hit 8 million. That's not policy, but see above stupidity, hurting others while hurting yourself. Instead of militarizing immigration enforcement, we should be investing against the real challenge. AI the World Economic Forum says 9 million jobs globally may be displaced in the next five years. Anthropic's CEO warns AI could eliminate half of all entry level white collar jobs. Imagine the population of Greece storming the shores of America and taking jobs, even jobs Americans actually want as they're willing to work 247 for free. You've already met them. Their names are GPT, Claude and Gemini. Want to protect American workers. Train, don't terrorize. Trump's war on domestic enemies doesn't stop with ice. He's coming for the press and the academy. Disney, Meta and Paramount have all settled nuisance lawsuits with Trump for a combined total of about $60 million. All the funds go to his presidential library, where truth will go to be laundered, not learned. Newsrooms are folding or playing defense. Breaking with a long standing tradition, the White House is hand picking press pool participants. Harvard, once America's aircraft carrier strike force of soft power, is now a MAGA speed bag. Autocrats always come for universities which train people to ask questions. The White House is threatening to defund billions in research, choke off international student visas and criminalize campus dissent. Nearly 300 top researchers have applied for scientific asylum in France. In the 30s and 40s, some of the world's premier academics fled Europe for America. They brought quantum theory, chemotherapy, modern computing and other breakthroughs with them. Oh, including the bomb. The rivers of elite human capital are now flowing in reverse and we're sending the scholars back. How can we be this fucking stupid? This isn't a slippery slope, but a vertical drop. Trump has Congress kneeling, courts folding and corporations cashing in. What's left is us. This was never just about immigrants, professors or journalists. It's about unchecked power that, unchallenged, is metastasizing. Democracy doesn't defend itself. We won't fight this with hashtags, but with votes, lawsuits and courage. This is the moment we decide. Are we citizens of a republic or spectators to its collapse?
- [10:44]
Scott Galloway
Life is so rich.
- [10:58]
Unknown Speaker
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