E88: First principle politics, China chaos & outlook, state of private/public markets & more

**Jason Calacanis** (0:00)
Two days ago, Here we go.

**Chamath Palihapitiya** (0:03)
In the Piazzetta, I got into a fight.

**Jason Calacanis** (0:06)
You got into a fight?

**Chamath Palihapitiya** (0:07)
I got into a fight.

**Jason Calacanis** (0:08)
Like a physical altercation?

**Chamath Palihapitiya** (0:10)
The physical altercation.

**Jason Calacanis** (0:11)
Really?

**Chamath Palihapitiya** (0:12)
This chick shows up wearing a white wife beater, talking all kinds of shit. And I said, listen, lady, you zip it. And she just kept jawing and jawing, and here she is again, she's back for more. And so I was like, listen.
Have you ever seen a onesie wife beater?

**Jason Calacanis** (0:34)
Look at that little sweetie.

**SPEAKER_3** (0:36)
And you just sit there, and then you just sit there.

**Jason Calacanis** (0:40)
There's your cold open, everybody. That's the good stuff right there.

**SPEAKER_3** (0:44)
I know I'm not a beagle, I know I'm not a beagle, but I'm even better. I have my own thoughts.

**Jason Calacanis** (0:49)
Sacks, what you're seeing here is called affection between a parent and a child.

**David Sacks** (0:54)
Just let me know when it's over.

**Chamath Palihapitiya** (1:00)
You're the worst human being in the world.

**David Sacks** (1:02)
I don't need to watch Chamath Boost just curating by using his kids as profs, okay?

**Jason Calacanis** (1:10)
Oh, Friedberg, where's your puppy that you saved from being tortured with Kim Kardashian's lip gloss?

**David Friedberg** (1:18)
Nick, we got to get this guy in because he hasn't been in the show in a while.

**Jason Calacanis** (1:23)
Oh, Monty, oh, your belly rub.

**David Sacks** (1:25)
Get the props out of the shot.

**David Friedberg** (1:45)
Sacks, what's up with JD Vance in Ohio? Is he going to pull this thing off or is he getting beat up? I read an article about him getting beat up.
With the Peter Thiel connection being...

**Chamath Palihapitiya** (1:55)
He got physically beat up?

**David Friedberg** (1:57)
No, no, no, like in the polls. No, no, no, no.

**David Sacks** (1:58)
No, I think JD should win.

**David Friedberg** (2:00)
He's going to win, right?

**David Sacks** (2:01)
Yeah, I think so.

**Jason Calacanis** (2:02)
And what about Blake Masters? These are the two guys that Thiel is backing.

**David Friedberg** (2:06)
Should we start the show?

**Jason Calacanis** (2:07)
We kind of did, yeah.

**Chamath Palihapitiya** (2:08)
Can I just ask you a question? If any of us entered porn, wouldn't one of our names be Blake Masters? Like, it's just, wouldn't it be on the list? Like, doesn't it sound like a great...
Isn't it a great name for porn?

**Jason Calacanis** (2:22)
It's a great name, Blake Masters.

**Chamath Palihapitiya** (2:23)
It's a great name.

**Jason Calacanis** (2:25)
And JD Steele, I'm sorry, Vance. Go ahead, explain what's going on with this mentoring candidate.

**David Sacks** (2:30)
Would you accuse him of without any evidence?

**Jason Calacanis** (2:33)
I'm not accusing anybody of anything. I'm just saying, tell us about your mentoring candidates.

**David Sacks** (2:39)
Well, so JD's already won the primaries, and I expect he will win. I mean, it's going to be, I think, a red wave in November, and Ohio is a pretty red state these days.
Blake's also won the primary in Arizona. It's a little bit more of a toss up, but I think he'll do well.

**Jason Calacanis** (2:57)
Well, I had a follow up question, but I'm not allowed to mention the T-word, so let's just get started.

**David Sacks** (3:01)
Why is it such a big deal that, like, Peter supports candidates? You got all these, like, crazy left-wing radicals.

**Jason Calacanis** (3:05)
No, no, I think it's interesting.

**David Sacks** (3:06)
Like Soros gives unlimited amounts of money to, you know, crazy progressives, like Gascon and LA and Ozilie and others. I mean, why is it such an obsession that we have to focus on who Peter supports?

**Jason Calacanis** (3:17)
No, no, I just think it's fascinating that he...

**David Friedberg** (3:19)
Peter's articulated his rationale for supporting these candidates and his objective for, you know, changing government in a way that he thinks would benefit the country.

**Chamath Palihapitiya** (3:27)
And Peter's been generally right.

**Jason Calacanis** (3:29)
What is the thesis, Friedberg?

**David Friedberg** (3:30)
I think part of... If you watched his speech from the RNC during the last Trump cycle, I think he did a good job kind of articulating that there's a lot of inefficiencies in government and there's a lot of, call it, accumulated fat, and we need someone to go in and we need people to go in and really cut this up because so much of politics is driven by what else I'm going to give you, not about what I'm going to fix that's already being spent in an inefficient way.