Joe Lonsdale, venture capitalist and Palantir co-founder, criticizes wealthy peers for political cowardice and conforming to mainstream progressive norms.
“If you're a billionaire in our country, If you just put out, like, standard kind of moderate left Democratic stuff that goes along with that party, then you're like, you're totally fine, and everyone's going to like you, and everyone's going to not attack you.”
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More from Joe Lonsdale
Opinion
Lonsdale: Government regulators target Elon Musk to punish public speech
“If they want to go to attack Elon to punish him for speaking up, they will, and they do.”
Joe LonsdaleOct 1, 2024▶ 21:45Billionaire Entrepreneur: “America Will Collapse Without A Recession” | Joe Lonsdale
Disclosure
Lonsdale: Fund managers hide conservative views to preserve pension fund LP capital
“And I have a lot of friends who in person are like, Joe, I totally agree with you. This is crazy. Like, I can't believe they're doing this. This is so wrong. But of course, I can't say that in public. I'd mess up all my fundraising with all these pension funds…”
Joe LonsdaleOct 1, 2024▶ 15:23Billionaire Entrepreneur: “America Will Collapse Without A Recession” | Joe Lonsdale
AssertionSupported
Lonsdale: Harris-Warren price gouging proposal covers 23,000 large companies
“Well, if you look at the price gouging law that Kamala Harris and Senator Warren and all these people on the very extreme left were putting forward, it's actually something that applies to about 23,000 big companies, and it would give them a lot of arbitrary p…”
Joe LonsdaleOct 1, 2024▶ 19:55Billionaire Entrepreneur: “America Will Collapse Without A Recession” | Joe Lonsdale
AssertionPartly supported
Lonsdale: US federal government abandoned merit-based testing 45 years ago
“So this was basically a form of DEI. It's like proto-DEI in the late seventies, and it was under Jimmy Carter's administration, and then eventually the courts pushed it and finalized it in the early eighties. So for 45 years, We haven't had merit-based tests i…”
Joe LonsdaleOct 1, 2024▶ 25:20Billionaire Entrepreneur: “America Will Collapse Without A Recession” | Joe Lonsdale
AssertionNot checkable as stated
Lonsdale: Palantir Helped Reduce IED Deaths in Iraq
“Palatine worked because we worked really closely with a lot of the special forces communities and the teams and people like that who were competent, and we helped go to Iraq, we helped reduce the number of IED deaths, and really kind of, you know, fix things, …”
Joe LonsdaleOct 1, 2024▶ 4:31Billionaire Entrepreneur: “America Will Collapse Without A Recession” | Joe Lonsdale
Insight
Lonsdale: Recessions are necessary to prune unproductive parts of the economy
“Recessions are actually good to have every once in a while. They clean out a lot of nonsense. You know, what happens is there's a lot of resources being used for things that are not productive in the economy, and you need a sensor mechanism. You need certain t…”
Joe LonsdaleOct 1, 2024▶ 29:19Billionaire Entrepreneur: “America Will Collapse Without A Recession” | Joe Lonsdale
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