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The Prof G Pod with Scott Galloway - Episode Summary
Episode Title
Conversation with Senator Chris Murphy — Combating Loneliness, Regulating Social Media, and Understanding the Tension between Capital and Labor
Episode Overview
In this episode, Scott Galloway interviews Connecticut Senator Chris Murphy, discussing significant societal issues such as loneliness, social media regulation, the dynamics between capital and labor, fatherhood, and efforts to address gun violence.
Key Themes & Discussions
- Politics of Loneliness
- Current State: Loneliness has reached epidemic levels due to increased social isolation and decreased face-to-face interactions.
- Government's Role: Murphy advocates for government initiatives to foster social connections through:
- National service programs
- Investment in community spaces like parks and public pools
- Addressing economic pressures that limit leisure time
- Social Media Regulation
- Concerns: The addictive nature of platforms like TikTok and Instagram leads to increased social isolation and mental health issues among youth.
- Proposed Solutions:
- Enforcing regulations on algorithmic content for under-18 users
- Age-gating platforms to prevent youth addiction
- Tension Between Capital and Labor
- Current Situation: Murphy highlights the growing disparity between corporate profits and worker wages, emphasizing that labor has been disproportionately disadvantaged.
- Solutions:
- Raising the minimum wage to ensure livable incomes
- Encouraging union membership to balance labor power
- Implementing a progressive tax system to redistribute wealth and fund public services
- Gun Violence
- Murphy's Advocacy: As a prominent voice for gun control, he stresses the need for organized political action against gun violence.
- Call to Action: Murphy urges listeners to join political groups focused on advocacy to amplify the voice for change.
- Men’s Issues and Modern Masculinity
- Murphy shares insights on the evolving role of masculinity, particularly in the context of economic changes affecting men’s traditional roles as breadwinners.
- Modern Masculinity: Acknowledging biological differences between genders while promoting a more positive view of masculinity that encourages nurturing and emotional intelligence.
Key Takeaways
- Loneliness: A pressing issue that requires policy intervention to enhance social connectivity.
- Social Media: Urgent need for regulation to protect youth and mitigate addiction.
- Labor Rights: Advocating for systemic changes to rebalance the power dynamics between capital and labor.
- Gun Control: A call for collective action to address gun violence and remind listeners of the importance of grassroots advocacy.
- Masculinity: The necessity of a nuanced conversation around masculinity that embraces positive attributes while recognizing inherent differences.
Conclusion
Senator Chris Murphy provides a comprehensive perspective on various pressing societal issues, emphasizing the role of government and collective action in fostering a healthier society. Scott Galloway's engagement with Murphy highlights the urgency of these discussions in contemporary American life.
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Additional Notes
- Scott Galloway's Commentary: Opens the episode with thoughts on current events including the trial of Sam Bankman-Fried and the implications for the financial industry.
- Cultural Context: Discussion touches on the broader implications of loneliness and social media addiction within the framework of American democracy and societal well-being.
Contact Information
For inquiries, emails can be directed to officehours@profgmedia.com.
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Transcript
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1:17Go, go, go!
1:27Welcome to the 270th episode of the Prop G Pod. In today's episode, we speak with Connecticut Senator Chris Murphy to discuss the politics of loneliness as well as policy solutions to combat it. We'll also get his thoughts on the tension between capital and labor, masculinity, and addressing gun violence. Senator Murphy has been a steadfast supporter of progressive causes, or I would just call this rational causes. I won't even call them progressive causes. I'm in Barcelona right now. I like to say Barthelona. I'm more happy here. It's very bonita, great architecture. What a gorgeous city. And I was speaking at an event for MasterCard.
2:06Do you know that three and a half billion people have a MasterCard? Anyways, I'm in Barcelona. But one of the things I love about Europe is the discussions around reproductive rights or trans rights or assault weapons, it's not even a discussion here. It's like, let's argue over other things. These things are just like, well, of course, we're not going to have assault weapons. Anyways, happy to be in Barcelona. I haven't been here in a while. And I love the Spanish language. I like to think of myself as multilingual or multilingual. I took Spanish, true story. Mrs. Witten was my Spanish teacher.
2:43And despite the fact I have absolutely no ear for languages, she liked me and she'd always give me a B. And so I took Spanish seventh through 12th grade. I took five years of Spanish and went on to get a two on the AP Spanish test. So clearly it just didn't, just don't have an ear for languages. Anyways, enough about, enough about yo. What's up in the news? There's a lot going on. The U.S. government has postponed their potential shutdown to mid-November. And what do you know? There's an uproar from the far right who wants to oust Speaker McCarthy for working with the Democrats. All right. Okay.
3:19And President Trump is off to trial for fraud. The MSG sphere in Vegas had its opening weekend with a performance from U2. It's been reported that advertising rates go for$450 ,000 for the day and$650 ,000 for the week. So let me get it. They charge you$450 ,000 for a day and$650 ,000 for the week. I'm going to go out on a limb here and use some sophisticated analytics and suggest that you go for the week, advertisers. It's like a giant golf ball. By the way, the dog is going to U2. I saw U2 at UCLA on the steps of Jan Steps. We didn't realize how good we had it other than just hot people around everywhere and alcohol and just a generally good time and$400 a quarter tuition.
4:01I mean, it was just the 80s was such a great time to be in college for a lot of reasons. Back to the news. The biochemist and immunologist behind the mRNA COVID-19 vaccines won the Nobel Peace Prize in medicine, and they deserve it. I think there's few things in the history of technology that have had more of a positive impact across more geographies and more people than vaccines. And Sam Bankman-Fried is on trial for fraud and conspiracy in connection to the infamous collapse of FTX. This is being pegged as one of the biggest financial fraud cases in U.S. history. The New York Times is calling it crypto's trial of the century.
4:35So plenty is going on here, but let's focus on SBF. Prosecutors are accusing Sam Bankman-Fried of using several billion of customers' money to fund speculative investments, luxurious real estate, and political contributions. SBF says FTX collapsed because of huge management failures. Prior to his arrest last year, he wrote in his prepared testimony, open quote, I would like to start by formally stating under oath I fucked up. Well, good for you, SBF. I'd like to say under oath that you're going to jail for a very long time. Three of SBF's closest confidants, his co-founder, FTX's former head of engineering and the former CEO of Alameda Research, have all pled guilty and are testifying against him.
5:14If convicted, SBF essentially faces life in prison. And I think at the end of the day, there are governance matters. And the hard part, I would describe that the majority of management isn't like SBF. SBF has sort of gone with this. Well, I just rolled out of bed and I'm like a nine-year-old waking up from a nap. And, you know, what do you know? I slipped and fell on 90 counts of fraud or 90 indictments. I think that's the president. I don't know how many counts Bankman Freed is facing. But here's the bottom line. You know, he's pretending this was all just an accident and oversight. Well, it wasn't an accident that he decided to incorporate in the Bahamas, which has less regulation.
5:57It wasn't an accident that he decided not to come back to the U.S. when he was facing criminal prosecution. It wasn't an accident that he didn't have a board. It wasn't an accident that he didn't release quarterly financials. It wasn't an accident that he decided not to have audited financials. It wasn't an accident that he started sleeping with or was sleeping with the person who ran the hedge fund or the investment side of his business. It wasn't an accident that he was doing drugs with his coworkers and that they were all living together. It wasn't an accident, and this is a true story, that when an investor asked for financials, he said, we don't really keep financials and forwarded a text message with some top line numbers.
6:38I mean, this is, don't we all just feel like idiots for not recognizing? This was out of control fraud. The reality is everybody needs guardrails. And when you purposefully avoid guardrails and you get in too deep, you start making a series of incremental bad decisions that ultimately you get in too deep and you keep making more and more bad decisions. And then you might end up in jail. And the positive or the silver lining here is that the financial services industry actually has an algebra of deterrence in place. What do I mean by that? An algebra of deterrence is the likelihood of getting caught times the potential penalty or punishment of getting caught has to be greater than the potential upside of continuing to engage in this illicit behavior.
7:19I think one of the reasons that the financial services industry is pretty well run or prevents a tragedy that comments for all the noise around Silicon Valley Bank, no depositor lost a cent. And we have this miracle of banking system in the U.S. where people feel comfortable taking their life savings, giving it to somebody that they don't even know or they don't even meet. And then those individuals because – or those institutions, i.e. commercial banks, because they've set it up such that they trust people won't ask for all of their money back and take in$100 in deposits and loan out$120 or$130.
7:54So the leverage on the U.S. economy is greater than most other economies at fairly risk-free, what seems like risk-free. Remember all the notion that – remember all the catastrophists, all the 50-plus incel panic room that was going on on Twitter when SVB went down that supposedly was going to be contagion and take the banking system down? Well, it didn't. It was ring-fenced to a small number of regional banks, and the banking system appears to have been bulletproof. And also, it absorbs some of the FDIC's reserves, but not nearly all of it. So it just seems to me that the banking system is operating the way it's supposed to.
8:26And all these calls for more regulation are kind of tone deaf and dumb. When Elizabeth Warren says that the banking system needs to be bulletproof, kind of one-to-one deposits to reserves, she's saying, I want the U.S. economy to grow more slowly, that I don't want the U.S. economy to have any sort of leverage. And that's the beauty of the U.S. banking system is that because of the diversity, because people don't ask for their money back on the same day, they can loan out more than they take in and boom, grow the economy with the extra spice and sugar of leverage. But back to the algebra of deterrence, the reason why we have so many regulations in banking and so many banking executives are really focused on ensuring that they have the right disclosures, that they don't play fast and loose with the law, especially with retail investors' capital, is because when I was at Morgan Stanley in 1988, my first year out of UCLA, Michael Milken was put on trial.
9:24Well, we thought it was for initially I thought it was for insider trading, but I think he actually got convicted on what's called stock parking. But anyways, point is you had a guy worth I think it was worth about one point two billion at the time. And they said, all right, you have played fast and loose with the law. You injected huge systemic risk into the system. We have found you guilty and we're sending you to prison for 10 years and taking half your net worth away. And what do you know, the financial services industry has been pretty buttoned up. I would argue the algebra deterrence is in place there.
9:52And the same thing is going to happen here. and that a Sam Bankman-Fried is going to go to prison for a very long time. And I think that it's going to send a chill across the crypto universe, which it already has. Weren't we stupid to ever think this was anything but a levered Ponzi scheme? And while I believe it's pretty obvious Ethereum and Bitcoin, there's some enduring value there. And the notion that there really is a use case for a cryptocurrency, especially in economies where you have massive inflation, You need to transition it out to something else that as risky as Ethereum or Bitcoin might be.
10:27It's a substantial decrease in risk exposure from a currency like the Argentinian peso. It makes a lot of sense. And the big thought that there would be some utility around the remittance of payments or remittance back home. I was with a guy who's a politician in El Salvador last night while I'm in Barcelona because I'm very cosmopolitan. Professor, muy interesante. Anyways, this guy was saying that the majority of GDP is remittance, and that is people in different countries, specifically the U.S., sending money back to El Salvador, and that cryptocurrencies are an efficient way to do that. So there's a use case here, but is it ever going to be kind of, you know, this whole notion that it's going to revolutionize finance?
11:09It just, I don't know, isn't happening. And also, we seem to overlook the fact that the consumption of electricity to mine Bitcoin is eating up or consuming as much electricity as literally as Argentina. It's like, well, okay, isn't that what you would call a massive externality? Anyways, Sam Bankman-Fried was under the delusion that he was a tech guy and he was going to get to register the same non-algebra deterrence that the rest of the tech community has not experienced. But unfortunately, or fortunately for us, it's the algebra of deterrence is in place pretty severely for financial services companies because government officials see the risk to the economy is just being much greater than, I guess, the risk to our teens vis-a-vis social media.
11:49By the way, the amount of regulation in the financial services industry is dramatic. I mean, try and open a bank, try and start a bank and just seeing how much regular. Try and send a wire. Do you realize when you send a wire, usually, I always thought a wire was instantaneous. It's not. It takes a day because there's all sorts of people and agencies weighing in and saying, are you a terrorist transferring money? Is this money being used to launder money or evade taxes? There's all sorts of entities that get a peek inside of it. And you might say, well, the government should be peering into that.
12:17Bullshit. The government should absolutely be peering into the transmission of funds. Otherwise, Otherwise, there would be no tax base to pay for food stamps for our military. Otherwise, terrorists would be able to fund or people sympathetic to terrorists would be able to fund it. Otherwise, governments where we believe that they are contrary to our interests, our sanctions would have absolutely no teeth. So we need regulation. We need an algebra of deterrence. Also, what's a great algebra of deterrence? A relationship, specifically guardrails, your own board, your own kitchen cabinet. Because here's the thing.
12:48Here's the thing. when you have no one that is helping you to maintain some level of, I don't know, discipline around the way you behave, the way you act, right? You end up lost. You end up making a series of bad decisions. It is hard to read the label from inside of the bottle. If you don't have guardrails, if you don't have enough, seek them out. Seek advice. Everybody needs guardrails, and the best guardrails are relationships.
13:19We'll be right back for our conversation with Senator Chris Murphy. Every day, millions of customers engage with AI agents like me. We resolve queries fast. We work 24-7 and we're helpful, knowledgeable, and empathetic. We're built to be the voice of the brands we serve. Sierra is the platform for building better, more human customer experiences with AI. No hold music, no generic answers, no frustration. Visit sierra.ai to learn more.
14:20Read, watch, and listen to The Guardian for free at theguardian.com.
14:36Welcome back. Here's our conversation with Senator Chris Murphy.
14:44Senator, where does this podcast find you? I'm in Washington, D.C. Right now we're in the middle of a afternoon vote series. Nice. So let's bust right into it. You've written and spoken at length about the politics of loneliness and suggested there are levers the government can pull to combat loneliness. Let's start with that. How have we let loneliness become an epidemic? And what do you think are the policy solutions? Listen, we've always had pretty high levels of loneliness in this country. we're all familiar with this emotion there's nothing that public policy can do to erase from people's lives the feeling of being alone but what we have seen is a dramatic rise in social isolation of late which is leading to higher rates of loneliness i think over the next five to ten years will show even bigger rates of loneliness and that that social isolation comes in all sorts of different forms you know people have less friends than they used to they spend time less time with friends.
15:44They spend more time on their screens. People are working more at home, not in person. And I just think at our foundation, we are social beings. I think we exist to interact with others. All the happiness data I see tells us that we are happiest when we are spending time with family and friends. And I think this is a really dangerous moment for the human race, but for Americans specifically. And I get it that there are sort of limited things that government can do here. And I know that a lot of people look at my work on loneliness and think that there's kind of an illegitimacy to government trying to help you make friends.
16:17But we got here in part because of choices government made and choices we didn't make in areas of neglect. And so I just think we have to have an honest conversation about how lonely people are feeling and the ways in which different government decisions can give more people a chance to connect with peers and friends and family more, which I just think will make the whole country happier and probably also have the byproduct of safeguarding our democracy a bit. So on the ground level, does that mean national service, investments in third spaces, parks? What types of investments or programs can D.C.
16:58or the federal government make that helps facilitate or reconnect people? I think it's a pretty long list. you know, first we, you know, have amongst many Americans, low and middle income Americans, a crisis of free time. So one of the most important things we can do is to just make sure that a 40 hour work wait provides you with enough money to feed your family so that if you choose on the evenings and on the weekends, you can engage in leisure activities, which will often involve being part of the community. So right now, you need to work today 70 hours to earn the same amount of benefits for your family as 40 hours would have 40 years ago.
17:45And so that's a crisis in and of itself, but all that time working means less time to engage in leisure activity, which often is socialization. Second, I do think public investment in third spaces matter. you know, the public pools were shut down in Hartford, Connecticut this summer because there was a funding crisis in my city and they couldn't find or pay lifeguards. And so there was no place for families to go. They couldn't pay to belong to a private pool. And Republicans, conservatives got in a bit of a kerfuffle about that. Why should government pay for pools? But, you know, we have a long history, whether it be, you know, rec sports leagues or public parks or public pools of the government providing places for people to go.
18:29And now lastly, you know, we just, through neglect, have allowed a handful of technologies to take over our lives. And you've spent a lot of time talking about social media, but we should also talk about online commerce and the way that that sort of guts healthy downtowns, which is also a place where people tend to connect and meet. And if we better regulated things like social media so that less kids get addicted, maybe that means that less adults are addicted. And maybe that means that you're spending more time outside of your house. So those are just sort of a handful of, you know, pretty simple ideas about how government can be part of the solution.
19:03So let's double click on social media and the idea of regulation. Is it removal of 230? Is it antitrust? Is it age gating? What magic wand or what would you like to propose? And what do you think is realistic in terms of legislation coming out of D.C. as it relates to big tech, of which I would argue there has been absolutely none? Yeah. And first of all, thanks for your work and your moral authority on trying to compel an end to this era of nothing. But I do think there's a critical mass right now. I think there's just something fundamentally different in the air in Washington today than there was even two years ago.
19:40I see Republicans more interested in this than ever before. Or I listen, I'm I am sort of willing to start wherever we can start, because I just think exercising this muscle is really important. You know, Senator Blumenthal's bill is the furthest along. But the piece that I may be most excited about as a parent who's sort of watching my kids get addicted to social media is control of algorithmic boosting. So I've got a proposal with Republicans that would say for those under 18 years old, sites can't collect your personal data and use it to perfect content, which is the way in which most kids get hooked.
20:24That would be a fundamental change to the way TikTok and Instagram work. But I think if you are more careful about kids getting addicted and giving the tools of addiction to the companies, then those kids have a fighting chance and they are less likely to be addicted as adults. adults. So that's one of the places that I would love to begin. And there's sort of interesting bipartisan consensus around that idea of controlling algorithmic boosting. So we age-gate the military, alcohol, pornography, certain types of content driving, age-gating or saying that these organizations can algorithmically elevate content for people under the age of 18.
21:09That just strikes me as sort of infinitely reasonable, even under the category of a no-brainer. But I feel as if we keep getting our heart broken. Do you think this legislation is going to pass? Who and what are the arguments amongst the people who are fighting this? So I think some significant social media regulation is going to pass. As you see right now in Congress, there is, you know, a lot of understandable interest in the broader topic of AI and machine learning. Obviously, there's a lot of AI in social media. One of my worries is that we sort of skip over the easy stuff. Like you mentioned, age gating social media, and you don't even have to do what I'm talking about.
21:56You could just compel the companies to age verify for under 13. They say they don't allow kids under 13 on. Well, make them actually age verify that. My worry is that we are going to kind of skip over social media and get involved in a much more difficult, much more nuanced, much more complicated conversation about broad AI or AGI regulation. And so my pitch publicly and behind closed doors to my colleagues is let's do social media first. Where's the pushback? I mean, yeah, of course, the pushback is from the industry who says that, you know, if we overregulate, then we won't innovate in the United States.
22:34Those jobs will go somewhere else. There's often, you know, interesting pushback from the left, you know, who say, well, if you sort of make it harder for vulnerable kids to get online, well, that's where they find connection and LGBTQ kids are going to be hurt if you make it harder for them to be online. So there's a variety of places where the pushback comes, but I don't think it's going to work. I just, I don't know, I've been around here long enough to know when there is a gathering critical mass. And I know why you're skeptical, because we've been talking about it for a long time, But you've been talking about it like the ground level of the Senate has not been disengaged until the last 24 to 48 months.
23:16And what do you think that it is that's created sort of this coalescence around we need to do something? Has it been people's witnessing their own kids problems, the kind of mendacious behavior of these firms? Do senators feel lied to? Is it folks on the right, for whatever reason, want to go after these companies for censorship and people on the left feel like they're destroying jobs? What are the forces that are that are bringing everything, bringing people together? Yeah, I think it's all of the above. There certainly is this strange political alignment here where, you know, Democrats sort of see the harm being done to kids.
23:55And our instinct is often to sort of see common sense regulation as a way to help that harm. And then you see Republicans who, you know, kind of think that every big company, but in particular, every big tech company is woke and in the pocket of the liberals and they just sort of want to take steps to own those companies. But I really think the most important thing that's changed is the anxiety level of parents. And I have just I so I have a 15 year old and an 11 year old. And so I'm in the middle of this. And it is just true that parents had a fighting chance 10 years ago when you were really sort of thinking mostly about YouTube and a little bit of Instagram.
24:41And now that you're fighting against just superior algorithms from TikTok and Instagram and YouTube, it just parents just feel like they're they're not able to compete. And you do see, you know, these these numbers which are real in terms of the way that girls are feeling, the way that boys are retreating and parents are just demanding that something that something change. That was really interesting the way you put that, the way girls are feeling, the way boys are retreating. What about specifically TikTok? Do you think TikTok should be banned, forced to be spun to U.S. interests? If and what is the threat you perceive from TikTok and what would you suggest as the remedy?
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25:26I mean, so I would I have no problem banning TikTok. I don't think it's a little weird that we allow a Chinese own company to have this much information about our kids. But I think it's a distraction from the real problem, which is that they have tapped into a market and they have perfected a technology that others are perfecting and somebody else will perfect if they disappear. So I have not been sort of the leader of the band TikTok bandwagon because I think you have a you need a broader regulatory regime that applies to all these sites. I've got one kid on TikTok. I've got the other kid on YouTube.
26:06And I don't necessarily, TikTok seems particularly addictive, but man, like for a lot of younger kids, the YouTube algorithms are pretty effective as well. So you need to handle it all. You said something earlier in the pod that a family needs or someone needs to work 70 hours versus 40 a couple of decades ago to have the same sort of opportunities and create the disposable time, like disposable income, to establish those relationships. I mean, there's unions. My big rant recently is why wouldn't we raise the federal minimum wage to$25 an hour? I would argue we spend too much time focusing on unions, which represent 11 percent of the workforce, that it's almost become sort of a false flag or a bit of a distraction that we talk about unions as if we're going to solve the problem of labor and putting more money in the hands of middle class Americans when it's 15 million people.
27:08I think the majority of Americans feel that the tension between capital and labor, the healthy tension that's existed, has become unhealthy. That capital has just been beating the crap out of labor for a good 30 or 40 years. CO compensation, 30 to 1, now 300 to 1, top 1%, you know, 90 % of all income gains, and wages have just been flat for 30 or 40 years. What do you think practically are the most obvious solutions to trying to do what I think three quarters of Americans would like to see happen? And that is to see more of this prosperity. I don't want to say trickle down, I don't even use the term trickle down, but waterfall down to the lower middle classes.
27:46I mean, I don't think there are particularly new and creative solutions here. You are right that, you know, today a relatively small percentage of Americans belong to unions. But this is, you know, in our lifetime, a historic low. It is also true that very few people make minimum wage, certainly very few people make federal minimum wage. But what we know about raising the minimum wage is that it is the quickest way to raise the entire salary structure, right? Because when the lowest wage workers start to make more, that puts pressure on the rest of the salary scale. I think the same thing holds for labor unions.
28:28When more people belong to labor unions and labor unions deliver more generous contracts, benefit levels, that has pressures throughout the industry. And so, you know, my belief is that we should just sort of unskew the balance right now between labor and management and allow more people to join these unions. But the other two things you can do are to make it harder on companies to take profit and earnings and stash it in places that are not increased wages and earnings. So, you know, prior to 1982, right, you couldn't take your profit and dump it into stock buybacks. That was seen as an illegal manipulation of your stock price.
29:13And it's probably time for us to put some constraints on the other places that profit and capital go. And the final thing you can do is, you know, just look back at historical data. If you sort of look at sort of the broad sweep of civilization, from what I understand, the input that matters most to the separation of wealth is educational investment. And the benefit of having all this money accumulated at the very top is that it's a it's a source of taxation to provide benefit level for those at the bottom. And so if you just tax folks who are making all the gains at a slightly higher rate, use that money to update the educational guarantee so that everybody gets a college degree instead of a high school degree, that would automatically have a pretty substantial impact on wage growth and also just make the country wildly more competitive.
30:13So, I mean, that's a sort of series of policies that you could start with. And I'm sure there are more nimble, more nuanced policies to layer on top of that. So let's unpack that a bit. The whole idea of a progressive tax structure, most people agree that a progressive tax structure creates harmony. And that is people who do really well end up contributing more that we can reinvest back in the economy, innovation, social programs. But we have slowly but surely created a tax structure that is progressive up until about the 99th percent. And then it goes regressive. What do we do to restore progressive tax structure at the top?
30:50Is it elimination of capital gains tax? Is it increasing tax rates? Is it closing loopholes? Like what do we do to take my tax? I'm very transparent about this. My tax rate the last 10 years has been 17 percent. What do we do to bring that more in line with average working Americans? I think in the end, you are likely, no matter how you rejigger the tax code, I just always worry that there are means and mechanisms for smart people with armies of lawyers and accountants to be able to figure out a way to get a lower rate. And so these ideas around a just basic minimum tax level for the very affluent is probably the neatest way to solve for this problem.
31:33Yes, you can get rid of some of the most egregious tax loopholes that exist, like carried interest, but you are probably just going to need to impose a basic minimum tax level. Well, on your point about capital gains, I think it's a really important one because, you know, there's already a natural incentive to glean your earnings through investment. Since the beginning of time, investment has tended to bring you higher returns and higher income than labor, than salary. And so you are always going to have human beings incentivized to invest. And so I think it's a really important question to ask.
32:14Do we need the additional tax incentive? And especially in an era where that tax treatment is not incentivizing domestic investment, but is incentivizing investment outside of the United States, it seems particularly antiquated. And I can remember a state in which, you know, obviously a lot of people make a lot of money that gets taxed at capital gains rates. But I just think, you know, it's time for us to ask the question whether we whether we need it or not, especially at a moment where money is kind of coming back to the United States. Right. This is a moment where people are really wary more than ever before about investing in places like like China and other unstable places.
32:53There's a lot of reasons why investment is going to be here because of global geopolitical factors. I want to cover a few issues because I know we don't have much time with you. Russia's invasion of Ukraine, it's worrisome for those of us who hear history. I would say that when you get to my age, you have two choices. You can take an interest in World War II history or smoked meats. I mean, I'm just fascinated with World War II history. And it bothers me that people don't see more parallels between what happened in the middle of the last century, both, you know, bad, an autocrat, a fascist invading Europe and the good that the West comes together to fight tyranny.
33:33And yet we were obsessed and we were all in on World War II. And it was just so important. We just weren't going to lose that war with everyone supporting it. And I worry that it's going from the front page to page two to page five. I would love to hear your thoughts on the invasion of Ukraine and if and where you think we're getting it right and wrong. Well, and I think to your point, it's important to remember that we did learn a lesson here. I mean, of course, one of the stories of both World War I and World War II is how long it took for the United States and for the American public to become convinced that those were worthwhile endeavors and our reluctance to enter those wars ended up prolonging the conflict, costing millions of lives.
34:18And so it is in part a determination to not allow that to happen again. And it is also, I think, just absolutely true that if Putin had been given a green light into Ukraine, he would not have stopped. Would he have tested a NATO ally? Maybe, but he's got plenty of other places to go in the Balkans, in his more immediate neighborhood, in the Caucasus in Central Asia, where there's no NATO guarantee. And so I just think, you know, America has become the preeminent political and economic power in the world because of the post World War Two order, in which big countries don't expand their borders by invading small countries.
34:59And if you don't preserve that world order, then I think that is part of what ends the era of American influence in the in the world. And what a small investment we're making. I mean, compared to the world wars, compared to Vietnam, compared to Korea. Ukraine's not asking for a single drop of American blood. They're asking for a fraction of our GDP, and they will do all the fighting, and they're doing it pretty effectively. So I just think that this is a massively smart investment. But I can talk to you if you want about the reasons why this is a hard sell for the American public. It's in part due to years of foreign policy failure and military adventurism overseas that looked and was pretty unsound.
35:42That there's just a lack of faith that when we commit ourselves militarily overseas, that it's actually in the best interests of the country. We'll be right back. The pumpkin spice latte is back at Starbucks. Crafted with our signature espresso and real pumpkin sauce. Then topped with whipped cream, cinnamon, and nutmeg. The PSL. Get it while it's hot or iced. Only at Starbucks. What do walking 10 ,000 steps every day, eating five servings of fruits and veggies, and getting eight hours of sleep have in common? They're all healthy choices. But do all healthier choices really pay off? With prescription plans from CVS Caremark, they do.
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36:52You're one of the few senators or elected officials in general that is talking openly about masculinity. You tweeted that, open quote, we cannot avoid the biological evolutionary differences between men and women. It's not toxic masculinity that causes men to commit 90 percent of murders, for instance. Both biology and thousands of years of culture have wired men differently. Policy has to acknowledge that. Say more about—first of all, I find that as a courageous thing to say, that whenever you just— And I don't know why it is, but I mean, I certainly got a lot of shit for it, but it sort of seems obvious to me.
37:28It strikes me, my experience is that whenever you advocate for men, there's a gag reflex and they worry that you're going down a thinly veiled rabbit hole towards misogyny. And that advocacy is a zero sum game and that people, so many people slipped in negative voices, slipped into this void of not talking about various obvious challenges that young men are facing. That I think correctly, people have a bit of a gag reflex. But first off, I just think that's just an incredibly important starting point to acknowledge that generally speaking, men and women are predisposed to different types of behaviors and receive things differently.
38:04Talk about masculinity and how you think we can develop a more modern vision of masculinity, a positive vision of masculinity, and if and what role government plays in that. Sure. And to this point about, you know, the skepticism, I mean, I got it from my teenager who read that tweet and said to me, he said, Dad, it's too soon. And I said, what do you mean? He said, we're engaged in these huge fights for women's health care and gay rights. And, you know, those are the things you need to be engaged in, not a conversation on behalf of men. And, you know, to our friend Richard Reeves's point, I just think you have to be able to do more than one thing at once.
38:49And I guess I come into this issue through the prism of violence, right? So I spent the last 10 years of my life working to try to lower the rates of violence in this country. And you just can't spend 10 years working on this issue and not understand that men are hardwired for violence. Ninety five percent of the murders in this country are committed by by men. And, you know, that is because our biology just works just works differently. And so I do think it's a really important conversation to have, especially at this moment where there's this remarkable change happening in the workforce and in the economy where this sort of seminal idea of men as the breadwinner is being erased.
39:34And for good reason, because women should be able to participate in the workforce at the same rate. But you have to kind of speak to this loss of control that American men are feeling today. Now, I think all Americans are feeling a loss of control and agency. But I think when it comes to economic control and agency, that feeling of disempowerment is even more cataclysmic for men. And so when I think about the need to make wages be living wages, when I think about the need to sort of put people back in control of their economic lives, I think that is in particularly important for men who have long believed that their masculinity, that their identity was tied up in earning enough for their family.
40:27And while I think that they will always, for the foreseeable future, feel a threat from women in the workforce, at the very least, we can make sure that if both parents are working, as they sort of work through the change that's happening, they at least have enough money to feed their family. I think that is particularly emasculating, this idea that you can work and not make enough to send your kid to college. So wage policy, earnings policy, I think is a really important piece of redelivering men the meaning that they have lost. Yeah, I mean, you've been a real leader around gun control. And, you know, when you hear about these mass shootings or you turn on CNN and you see a bunch of, you know, a SWAT team surrounding a school, you kind of, you know who the shooter is before you know.
41:20And what I also find kind of interesting, though, is that we will talk about how 90 percent of murders are committed by men, but also men are much more likely to commit violence against themselves or times more likely to kill themselves. it feels as if the frame through which we look at men is we're very comfortable talking about the crimes they commit and trying to recapture social status but we're not as empathetic to them that we don't we want to punish a 19 year old male for the sins of his father and his grandfather is there a way we can address these problems but also begin to frame masculinity as positive as opposed to a negative?
42:01I mean, you're raising two boys. What are you telling your boys about masculinity and about what it means to be a man? Yeah, I think that's a, I'm not somebody who necessarily does a lot of telling, right? I mean, I think I do more showing. I mean, I just try to model for them, you know, what a leader looks like, you know, what kindness and caring looks like. I try to show them that sort of nurturing, you know, matters for men, right? That that's something that brings tremendous value and it's not something to sort of shy away from. I try to spend much more time sort of modeling what being sort of a good person, a good human being is rather than modeling for them what being a good man is.
42:50And maybe that's the luxury of class, right? I mean, maybe my kids are going to grow up in a relatively economically secure manner, and so they may not have some of the crises of identity and meaning that others have that tends to coincide with economic powerlessness, but sort of the choice that I've made. I know. It sounds like a good parenting, Senator. Whenever I try and lecture my kids, that's a guarantee they're going to turn off and probably go the other way. What advice would you have for young fathers in terms of what you think you've gotten right, what you've gotten less right? Yeah, it's a great question.
43:28I do see this retreat that is happening. And I find myself being much more purposeful in the work that I do with my kids to put them in social settings than my parents were with me. I just don't think I had any other options. There were less mechanisms for me to withdraw. And so I think as a parent, I always sort of look back on my best moments as the moments where I wasn't telling my kids what chances, what socialization opportunities they needed to take, but that I was sort of pressing them hard to put them in those spots. And I just think that's a consequence of an environment today where it's really easy for kids to be on their own.
44:18I think the other thing that I have learned is that the amount of academic pressure on our kids today is pretty overwhelming. And, you know, my kids, for instance, I don't know if the same for you, my kids, you know, have an online grading system in which they can see their grades in real time. And that starts in sixth grade, you know, for an 11-year-old. That's so unhealthy because the measure of success for them is not, you know, the grade that they are getting in math or science. But they feel, you know, such pressure to sort of measure to those standards instead of other standards like being a good friend, being a leader, being a moral model.
45:02And so I've been at my best as a parent where when I have depressed the emphasis on academics and increased the emphasis on sort of understanding other ways to assess your your worth. I think the last thing is what I've seen is that this culture of kind of owning people you disagree with is really central to being a teenager or a boy today. And sort of just working through that with kids and, you know, understanding that there are other ways to feel good besides saying something nasty about somebody you don't like online or through a text. And you've just got to spend real purposeful time working through how in the end that is not going to bring you fulfillment.
45:55And I've gotten to observe you. You don't get to observe me because you're in such a public spotlight. But the thing that always struck me about you is you're talking about some of the most emotional issues in America, specifically gun violence and literally the havoc it has wreaked on our society and people's lives. And what I find just impressive is just how even keel you are, just how unemotional you can be. I mean, you're talking about the most emotional topics and you're not adroit, but you're just very sober and very pragmatic and very measured. And I'm just curious, when you're off camera, where do you feel the most joy and sort of awe, if you will?
46:39And also, what really pisses you off? Where are you most frustrated? Like where where do we see the peaks and the valleys in Chris Murphy when you're when you're not in Senate? I think, you know, part of what I'm good at is unplugging. I mean, this this this is the set of issues that I deal with are just, you know, are immensely emotional. I mean, this issue that I've chosen to be in the center of gun violence. Right. I mean, it's unlike any other because I spent all my days with, you know, people who've gone through the unthinkable, who've lost their kids and they count on me to deliver something for them.
47:14And so part of the way I deal with that is to just, right, is to just unplug, to, you know, go back home and, you know, watch the Red Sox, to hang out with the kids, to, you know, manage my fantasy football team. Like, I'm pretty good at doing that and sort of stopping thinking about all of the rest. But, you know, I do get on this issue of violence. I mean, I get absolutely furious at how broken this system is because I'm in the midst of an issue where 90 percent of Americans want to do something and democracy can't deliver. And that is absolutely infuriating to me. And I'm not somebody where you see that all the time.
48:03But the reason that I think I've had success on this is because I just don't give up. I don't give up. I don't care how the odds are stacked against me. I don't give up because inside, even though I may not wear it on my face, is a fury about how badly we've screwed up life for a lot of kids. And here's lastly, here's what really makes me angry is, you know, the invisibility of the kids in my neighborhood. So I live in the south end of Hartford, pretty violent neighborhood. You know, those kids in my neighborhood, school is the safe place for those kids, right? Those schools, they feel great when they're in school.
48:41It's outside of school when they can't leave their house. Their parents tell them when you come home from school, you lock the door and you don't go out until I come back home. That's what makes me furious is that is that those kids are invisible. And the only thing we see are the mass shootings. That's just unacceptable to me and part of what drives me on the issue. So if you could ask, we'll get about 200 ,000 people will listen to this podcast. If you were to ask them and say, all right, I'm working. I'm working at this. I have sacrificed for this. I'm doing everything I can. I need you to do this one thing, this one thing.
49:14The majority of Americans realize this issue is not only out of control, but has this really tragic normalization happening to it. where we're humans are very it's sort of a benefit and a flaw of humans is that we're adaptable we're getting used to climate change which is not a good thing and unfortunately we're getting less and less horrified by these these mass shootings because we're just seeing them so often what is the one thing doable thing you would want people listening to this right now that would help move the needle there listen american politics is about organized political power. And for 30 years, the gun lobby had organized political power and we didn't.
49:55We have it now. But that's only because we have these groups. Right. And there are a whole panoply of them. Moms Demand Action, March for Our Lives, Giffords. That's where the power comes. And so the one thing you can do if you care about the issue of gun violence is join an organized political group. And occasionally, not every day, maybe not even every week, but every two weeks, respond to one of their action alerts, because it is that volume level that we have created on the issue of gun violence, now higher than the volume level that comes from the gun rights groups, that has put us in a position to change laws that allowed us to pass the law last summer.
50:35So join a political organization. Don't think that advocacy is just opening up your Twitter feed and replying to somebody or liking a post. Advocacy is joining an organized political organization. Chris Murphy is the junior U.S. Senator for Connecticut, the youngest person elected to the Senate. Since the Newtown school shooting in December 2012, Senator Murphy has become the best known leader in Congress in confronting the plague of gun violence in America. Now in his second term representing Connecticut, he and his wife Kathy, an attorney, have two young sons, Owen and Ryder. He joins us from Washington, D.C.
51:13Senator Murphy, appreciate your service and keep fighting the good fight. You too, Scott. Thanks.
51:22This episode was produced by Caroline Chagrin. Jennifer Sanchez is our associate producer and Drew Burrows is our technical director. Thank you for listening to the Prop G Pod from the Vox Media Podcast Network. We will catch you on Saturday for No Mercy, No Malice, as read by George Hahn, and on Monday with our weekly market show.
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From the publisher
Connecticut’s Senator Chris Murphy, joins Scott to discuss the politics of loneliness, as well as policy solutions to combat it. We also get his thoughts on the tension between capital and labor, fatherhood, and addressing gun violence.
Follow Senator Murphy on X and IG, @ChrisMurphyCT.
Scott opens with his thoughts on Sam Bankman-Fried and the algebra of deterrence.
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