1929 vs 2025: Andrew Ross Sorkin on Crashes, Bubbles & Lessons Learned

Alright, folks, gather 'round! We've got Chamath and Friedberg rolling out the welcome mat for none other than Andrew Ross Sorkin, who's here to spill the beans on his new literary masterpiece, "1929: Inside the Greatest Crash in Wall Street History--and How It Shattered a Nation." That’s right, it’s not just a book, it’s a history lesson wrapped in a cautionary tale! Now, why did he pick that particular slice of history? Sit tight, because we're diving into the setup—the juicy details of what kicked off the 1929 crash. Spoiler alert: it wasn’t a good time for folks playing the stock market like it was Monopoly! Then we’re gonna dissect the colorful cast of characters involved in that financial fiasco. Who were the major players in 1929, and what kind of bubble are we inflating in 2025? Let me tell ya, it’s like comparing a hot air balloon to a kid’s birthday party balloon—one’s a disaster waiting to happen! Next up, we’ll chat about the role of journalists versus market players. You know, the folks who tell the story vs. the ones who are knee-deep in the mud. And speaking of mud, let’s talk about AI and its potential to turn unemployment into a nationwide game of musical chairs! Oh, and socialism is back on the menu, folks! Why is it rearing its head now more than it did after 1929? Maybe it's because people are finally waking up to the fact that the rich keep getting richer while the rest of us are just trying to keep our heads above water! And what about that "New Deal" 2.0? Is the US gonna need to get its act together on spending cuts and tariff balancing? I don’t know, but if it does, I hope someone remembers to pack a lunch for the next round of negotiations! And let’s not forget the film rights—because if there’s one thing Hollywood loves, it’s a good old-fashioned financial disaster! So, buckle up, folks! And don’t forget to grab Sorkin's new book—because if you’re gonna understand the mess we’re in, you might as well do it with a side of history. Check out those links, follow your favorite tech wizards, and remember—knowledge is power, especially when the markets go haywire!