Japanese companies had to get into western markets to be big. That's not true for China. As they wrap up their industrial revolution and keep shifting to a services economy, they'll be their own largest market. We may only start hearing about Chinese brands once they've already pulled well ahead in the overall race.
Prof Galloway is a fascinating person. On one hand he seems miserable and the chairman of the Dunning-Kruger society. On the other he seems incredibly bright and thoughtful.
The part of Bitcoin being correlated to confidence in our government and institutions is scary...cuz our government is looking pretty raggedy right now.
im surprised at the lack of coverage on microsoft, particularly when Scott made the comment on AWS and as a separate entity may be valued more by the market. Microsoft is positioning itself to be the dominant player in web based cloud services and blockchain infrastructure.
Long time fan guys and I'd love to come on and talk blockchain. But I feel so many guests have no idea what they are talking about in regard to the tech.
Yes, but other chinese brands are more well-known (read: sell more), at least in south east asia. Huawai isn't the most popular/dominant chinese brand.
Galloway thinks European brands are best. Just like Blackberry, Nokia, MySpace and Compaq......oh wait...... I learnt my lesson when I went to China, Siemens, BMW, VW and Buick was big when I was there. I imagine Chinese brands are now bigger.
They are too strong for a local ecosystem but globally they attract so much value that splitting them up will make US loose competitiveness. They gather the all information from the world and these companies will become so powerful that no other company will be able to catch up.
1) if American break up facebook, wetchat move in with Chinese government help 2) tencent can just buy small invovation business. 3) brand name comes with use over time.
Hope between May and September he's figured out that crypto will disrupt not just the finance sector, but every sector, including the tech giants he suggests need disruption.
no need to break them up. decentralisation and the race to zero marginal cost will take care of them. coming soon to a centralised platform near you. i'll take bets to the contrary.
Zero marginal cost is exactly what is driving oligopoly and monopoly in tech. A century ago it was called returns to scale. Today, we call it the network effect. Same thing. The answer is the same as for AT&T and Microsoft: break them up or divest bundled services and products. It's likely to come in Europe. Unfortunately, in the US, by 2020, these companies and their billionaire owners are likely to virtually own one major party and fatally cripple the other.
is the IoT the homunculus? shared instrumentation as sensory & motor cortex? who plays the role of corpus collosum? the brain is fractal. as money continues to go fractal - so the state and its corporate models will be forced to decentralize.
Scott G. has many more deficiencies, His reasoning is based on emotion over logic and substance. As such he is missing the cost of goods sold, technical competence, and even the economics and politics of people that make under $100k.
Facebook doesn't come near replacing our innate desire to love or be loved. Our bodies know it's not real, doesn't replace a physical hug. Studies show people are more depressed than ever due to social media. This guy auto-places too much faith in tech. There's a suspension of disbelief readily overruled by IRL experience. Google says "go here" but on the way you meet a friend who says "don't go there, go here." Research trickling in shows AI won't always prevail over the heart because the heart knows better.
This guy could be brilliant and correct about everything but I was repulsed by his demeanor and didn't watch entirely. Totally a gut reaction on my part.
Darwiishka Hawdka actually closer to 55. As you'll get older you'll also learn to listen to your gut a little more than just your head. I'm not saying I'm correct about him, just something I must consider. You know, as an old guy.
my teo cents: interviewer is really good, ask simple question, and shut up, let interviee talk, thats very good. Second, he made it wrong with Huawei, why? bec he is American, and Huawei business in America is less than 5%. Huawei doesnt need business in America, has the whole world, 190 countries, etc.
I'm sensing a pattern here. Every New York management speaker likes to talk about problems in Silicon Valley but gladly excludes bad valuation by the wall street. For a growing economy you need harmony of both worlds, right investments and powerful innovation.
He has good insights and thoughts but this has been his packaged spiel for over 2 years. Doesn't take away from message, bu t his message is now a sales pitch for his own books and speeches.
Scott you're a pretentious quack who over-exemplifies his achievements. Do you want a medal for "predicting" bitcoin would drop 50% and in less than 3 weeks, pat yourself on the back man.
I get your point, but Google in place of God? My dialogue with God isn't just search bar questions and answers. People have made money and themselves their own gods and is contributing the degradation of our society. Why is everyone so anxious and depressed? The absence of God.
Oreste Gallo the root of religion is asking big questions and seeking answers, it has moved and shifted over time but thats the gut-level instinct that religion fills, that's what he meant, I believe
If God is the answer, no believer should ever be diagnosed with depression, so your assumption simply cannot be correct. Also, the majority of the world is deistic and has been for thousands of years. Yet, all over the world violence characterizes prosperity - prosperity accompanied by ambition rather than god. So believe if you will, but reality shows that believers don't have any advantage over non-believers. Don't forget their are degrees of belief from total belief to mere doubt.
Huawei is not a global brand?? Lol might regret that comment. This guy is clearly knowledgeable, but seems to suffer from over confidence in his own opinions. Lots of predictions, not a lot of humility, dangerous combination.
Not true at all. A bunch of financial companies were broken up after the 1929 crash. AT&T was broken up. Microsoft was forced to unbundle products and service. Not at all unprecedented. See Jonathan Tepper's recent article on the growth of oligopoly and monopoly in the US economy in the last 20 years and the effect this has had on the rest of us as both consumers and workers. He notes the astonishing quiet -- from both major parties -- on the anti-monopoly front. So the action will come from elsewhere, perhaps Europe.
Far removed from intellect on this point, I admittedly have a problem with monopolies or just really huge companies, because I fear centralized power so much, especially in business. Everything reminds me of empire building. And empires are serial killers.
I am doomed. I have one person I love who doesn't speak to me because I am a heretic of Jehovah's Witnesses. I am emotionally disconnected from pretty much everyone even though I demonstrate love often. Yet, I don't feel it in return. People like me because they like how I give. No strings. That said, I spend 85 percent of my time alone and on the internet. Don't judge harshly if I become suicidal again. Cheer for my freedom from anxiety - however it comes. Thanks. I know there are believers out there. Suicide works.
I chose not to watch the entire video. I started to tune out when he said that iPhones are more attractive to women. I don't value sweeping generalizations like that very much. I'm guessing this genius owns an iPhone...
Miles Darnell - Maybe somewhat true when there was a significant difference between phones but now not so much. Also I think he's framing this idea around a certain type of female, one which I doubt represents the majority. He's basically illustrating that he's a shallow hipster toolbag.
that HE is the shallow hipster douchebag or the society he wants to portray? it's not a personal hailing of "gee iPhones are great" as much as "the brand Apple is a LUXURY brand" I think you're letting your personal bias paint his neutral statements in a divisive light.
Miles Darnell - It's snobbish to believe an iPhone represents significantly more luxury than a Galaxy, and his point is wholly based on that hipster assumption.
I thought this interviewer was noticeably fantastic and Galloway is one of a kind as always.
Japanese companies had to get into western markets to be big. That's not true for China. As they wrap up their industrial revolution and keep shifting to a services economy, they'll be their own largest market. We may only start hearing about Chinese brands once they've already pulled well ahead in the overall race.
It's been a while since i have seen a good interview. The interviewer is patient enough to listen to him. Scott's just as good as ever.
It's incredible the clarity and confidence in all the controversial topics he mentions. Amazing Scott, please keep sharing your point of view.
It's almost December 2019 and I am regretting not having seen this at least a year ago.
but now everybody is dead
Kudos to the interviewer, awesome Qs and zero interruptions
Prof Galloway is a fascinating person. On one hand he seems miserable and the chairman of the Dunning-Kruger society. On the other he seems incredibly bright and thoughtful.
Scott Galloway is one of those person I follow very closely and eagerly.
The part of Bitcoin being correlated to confidence in our government and institutions is scary...cuz our government is looking pretty raggedy right now.
im surprised at the lack of coverage on microsoft, particularly when Scott made the comment on AWS and as a separate entity may be valued more by the market. Microsoft is positioning itself to be the dominant player in web based cloud services and blockchain infrastructure.
Long time fan guys and I'd love to come on and talk blockchain. But I feel so many guests have no idea what they are talking about in regard to the tech.
+1 I would like to see that
Blockchain bitcoin are total scams, ponzi schemes, airplane scams, most of the people invested in this scam will lose everything.
Teenagers in Europe and Asia already know about Huawei. North America is the exception.
Yes, but other chinese brands are more well-known (read: sell more), at least in south east asia. Huawai isn't the most popular/dominant chinese brand.
Yes, it is number 3 in smartphones after Apple and Samsung, it's huge
@@diegobarthalot7095 They just passed Apple. www.theverge.com/circuitbreaker/2018/7/31/17637330/huawei-tops-apple-smartphones-shipments-q2-2018
"Global"
Galloway thinks European brands are best. Just like Blackberry, Nokia, MySpace and Compaq......oh wait......
I learnt my lesson when I went to China, Siemens, BMW, VW and Buick was big when I was there. I imagine Chinese brands are now bigger.
question, if you break up amazon, would Alibaba just take over?
Great conversation, thanks Real Vision.
Well said. Spitting facts
Absolutely brilliant insights from prof. Galloway!
great interview. Galloway is knowledgeable...
he sure is, nothing but respect for the guy
LOVE THESE INSIGHT... great interview :)
3:45 but did they control for gender? because women are caretakers and live long but that doesn't imply a causal relationship
Very good interview
Great interview!
4:28 Speak for yourself rich man 😂😂
In which fantasy world would a system that creates a superich and super powerful class not be captured by them ?
I must say, I don't think it's time for the government to step and and break up these companies - but he does make a pretty compelling argument.
Has Scott spoken with Raoul about Bitcoin yet?
They are too strong for a local ecosystem but globally they attract so much value that splitting them up will make US loose competitiveness. They gather the all information from the world and these companies will become so powerful that no other company will be able to catch up.
1) if American break up facebook, wetchat move in with Chinese government help 2) tencent can just buy small invovation business. 3) brand name comes with use over time.
The powers that be are never going to want to break up big tech so it's very unlikely to happen. I'm not sure why this isn't obvious to everyone.
Genetics are by far the most important factor in determining your lifespan. I can't believe Scott said otherwise.
Nah, your diet is more important.
Countries outside of USA should ask for local taxes for the digital advertisement in their jurisdiction.
"The One"
Hope between May and September he's figured out that crypto will disrupt not just the finance sector, but every sector, including the tech giants he suggests need disruption.
thought provoking....good show. not sure what i think about him yet, will look more into his work.
I'll wait here while you decide.
The prediction on the dollar and bitcoin. Infers that precious metals will rise.
no need to break them up. decentralisation and the race to zero marginal cost will take care of them. coming soon to a centralised platform near you. i'll take bets to the contrary.
exactly, no need for more government interference ... blockchain already exists, it just needs to grow a bit more
Zero marginal cost is exactly what is driving oligopoly and monopoly in tech. A century ago it was called returns to scale. Today, we call it the network effect. Same thing. The answer is the same as for AT&T and Microsoft: break them up or divest bundled services and products. It's likely to come in Europe.
Unfortunately, in the US, by 2020, these companies and their billionaire owners are likely to virtually own one major party and fatally cripple the other.
Last year he said Amazon would loose 1/3 of its value this year. Not a great economist.
is the IoT the homunculus? shared instrumentation as sensory & motor cortex?
who plays the role of corpus collosum?
the brain is fractal. as money continues to go fractal - so the state and its corporate models will be forced to decentralize.
The only issue with Scott Galloway is that he is only looking at just the economics in the US.
Scott G. has many more deficiencies, His reasoning is based on emotion over logic and substance. As such he is missing the cost of goods sold, technical competence, and even the economics and politics of people that make under $100k.
Subject matter expert being interviewed by expert interviewer 11/11.
Facebook doesn't come near replacing our innate desire to love or be loved. Our bodies know it's not real, doesn't replace a physical hug. Studies show people are more depressed than ever due to social media. This guy auto-places too much faith in tech. There's a suspension of disbelief readily overruled by IRL experience. Google says "go here" but on the way you meet a friend who says "don't go there, go here." Research trickling in shows AI won't always prevail over the heart because the heart knows better.
I guess I'll have a short life after all.
Very little value. Nothing profound. Just alot of quick talking points.
China have been way ahead of the USA for over a decade now....This Guy can't see the Forest for the Trees
This guy could be brilliant and correct about everything but I was repulsed by his demeanor and didn't watch entirely. Totally a gut reaction on my part.
Darwiishka Hawdka actually closer to 55. As you'll get older you'll also learn to listen to your gut a little more than just your head. I'm not saying I'm correct about him, just something I must consider. You know, as an old guy.
Darwiishka Hawdka of course they are separate. That doesn't mean that either tool is the only tool.
trust your gut
This dude's a quack, knows nothing just jabber
Haha!
I cringe every time he says Google is our.... I'm hoping it's more of a metaphor...
Obviously
This guy talks like a robot
I have a Huawei...
I heard this guy a few times and really liked his analysis then he says the USA is "Cursed with Trump" then all his credibility disappeared
No offence this guy kinda looks like old Ryan Reynolds.
my teo cents: interviewer is really good, ask simple question, and shut up, let interviee talk, thats very good. Second, he made it wrong with Huawei, why? bec he is American, and Huawei business in America is less than 5%. Huawei doesnt need business in America, has the whole world, 190 countries, etc.
galloway for president, kool
I'm sensing a pattern here. Every New York management speaker likes to talk about problems in Silicon Valley but gladly excludes bad valuation by the wall street. For a growing economy you need harmony of both worlds, right investments and powerful innovation.
This guy's talk gives off a used car salesman vibe. Mostly empty talk.
He has good insights and thoughts but this has been his packaged spiel for over 2 years. Doesn't take away from message, bu
t his message is now a sales pitch for his own books and speeches.
you've got me figured out.
Scott you're a pretentious quack who over-exemplifies his achievements. Do you want a medal for "predicting" bitcoin would drop 50% and in less than 3 weeks, pat yourself on the back man.
issue is Asia are full of monopoly, they don't give up monopoly
I get your point, but Google in place of God? My dialogue with God isn't just search bar questions and answers. People have made money and themselves their own gods and is contributing the degradation of our society. Why is everyone so anxious and depressed? The absence of God.
Oreste Gallo the root of religion is asking big questions and seeking answers, it has moved and shifted over time but thats the gut-level instinct that religion fills, that's what he meant, I believe
If God is the answer, no believer should ever be diagnosed with depression, so your assumption simply cannot be correct. Also, the majority of the world is deistic and has been for thousands of years.
Yet, all over the world violence characterizes prosperity - prosperity accompanied by ambition rather than god. So believe if you will, but reality shows that believers don't have any advantage over non-believers. Don't forget their are degrees of belief from total belief to mere doubt.
Nostradamus said...the yellow race will rule.
"Cursed with trump?" Lol ok bud
May God intervene mightily in Scott Galloway's life and may the Lord Jesus be a revelation to him for a testimony
Huawei is not a global brand?? Lol might regret that comment. This guy is clearly knowledgeable, but seems to suffer from over confidence in his own opinions. Lots of predictions, not a lot of humility, dangerous combination.
Best inv to hold for next 10 years: Hold BIG FOUR and precious metals.
He is american-centric. He has no idea what is really going on in other continents.
🔥🔥🔥🔥🔥
I'm grateful that we operate under the rule of law, not the whim of a marketing professor. There's no legal precedent to break them up.
Whimmer, Whimmer, Chicken dinner!
Not true at all. A bunch of financial companies were broken up after the 1929 crash. AT&T was broken up. Microsoft was forced to unbundle products and service. Not at all unprecedented.
See Jonathan Tepper's recent article on the growth of oligopoly and monopoly in the US economy in the last 20 years and the effect this has had on the rest of us as both consumers and workers. He notes the astonishing quiet -- from both major parties -- on the anti-monopoly front.
So the action will come from elsewhere, perhaps Europe.
Far removed from intellect on this point, I admittedly have a problem with monopolies or just really huge companies, because I fear centralized power so much, especially in business. Everything reminds me of empire building. And empires are serial killers.
Look up trust busting by teddy Roosevelt
I am doomed. I have one person I love who doesn't speak to me because I am a heretic of Jehovah's Witnesses. I am emotionally disconnected from pretty much everyone even though I demonstrate love often.
Yet, I don't feel it in return. People like me because they like how I give. No strings. That said, I spend 85 percent of my time alone and on the internet. Don't judge harshly if I become suicidal again.
Cheer for my freedom from anxiety - however it comes. Thanks. I know there are believers out there. Suicide works.
I chose not to watch the entire video. I started to tune out when he said that iPhones are more attractive to women. I don't value sweeping generalizations like that very much. I'm guessing this genius owns an iPhone...
yes, he does.
Hes talking about percieved luxury, he may not actually believe that an iPhone is attractive to women, but luxury, as a concept, is, on a gut level.
Miles Darnell - Maybe somewhat true when there was a significant difference between phones but now not so much. Also I think he's framing this idea around a certain type of female, one which I doubt represents the majority. He's basically illustrating that he's a shallow hipster toolbag.
that HE is the shallow hipster douchebag or the society he wants to portray? it's not a personal hailing of "gee iPhones are great" as much as "the brand Apple is a LUXURY brand" I think you're letting your personal bias paint his neutral statements in a divisive light.
Miles Darnell - It's snobbish to believe an iPhone represents significantly more luxury than a Galaxy, and his point is wholly based on that hipster assumption.
Did anyone notice the creepy clown in the first second
Pseudo intellectual babble.