Skip to main content

Nick Richtsmeier

Sep 9, 2026

8:36
[laughs]
8:36
I lost the word.
8:37
The special relationship, right? That is not...
8:39
Like the...
8:40
And we could, we could list those out in droves, right? And all of that creates deep insecurity.
8:46
Well, Gramsci, who was a thinker in the sort of post-fascist Italy, talked about how these, these interregna, these spaces between ruling eras, was an opportunity for monsters.
8:58
And so the reason why we see this rise in extraction is because there aren't fundamental systems to keep it from happening.

37 MINS LATER

46:34
[chuckles] As with everything, yeah.
2:24
And
2:27
now it's kind of, you know, like, oh, yeah, too bad.
2:29
The Internet was fun while it lasted.
2:32
Obviously, the Internet will carry on and people will be on the Internet and be on social media and all of these things.
2:37
But the incentive system and the underlying inefficiency that made it a heyday for the 2010s That door is closed.
2:47
And so the big thing when we really look at this from a historical perspective is Google and Meta and a handful of others, which really those two had ridiculous monopoly level control over this massive world shaping platform.
3:04
And for reasons I think mostly due to the fact that it was brand new and they didn't know what to do with it, they couldn't figure out how to extract maximum capital out of this thing that they owned.

14 MINS LATER

17:01
Do we want to, can we jump to the five things or do you want to? Sure.

We value your privacy

We use cookies to understand how you use our platform and to improve your experience. Click “Accept All” to consent, or “Decline non-essential” to opt out of non-essential cookies. Read our Privacy Policy.