We have to understand what an industrial revolution is and what productivity growth means. So if you look at America, about every 90 years, maybe even slightly faster, we've destroyed about half the jobs, right? And this is a very important point, right? Because like there's people with last names of Cooper or Smith or Boer. That's a cool one.
Yeah. Yeah. I got it. I got it. And they did cool things.
They did cool things. And there, by the way, there was a lot of hard things to do.
Hard things. There's a lot of dignity in that work. There was a lot of art in that work. I think it's kind of sad that there's not as many of these really cool coopers and boyers around. There's still a people, but there's not the jobs. But you know what? If we didn't destroy those jobs, we would all be a lot poorer, right? You always tell people, if you want everyone to have jobs, we'd ban farm tools and we would not have time, most of us, to be on doing podcasts. We would instead be farming.
All right. Palantir guy, HVC guy, University of Austin guy, on financial news shows guy all the time. What else? Lonsdale. Before we begin, Joe Lale as I pour tequila.
I'm excited to try your tequila, Dave. Only my coolest friends have tequila. I hear this. This is very good. We also have a policy institute in 20 states, the Cicero Institute. But yes, those, you know, and this week it was very big for Palantir. You saw yesterday we think, you know, I don't know if you saw the net income of the company this quarter. Yeah, is higher than the revenue was a year ago. So it's growing so fast that actually it's like net income, net income was higher than revenue a year ago. It's crushing it.
Well, in that case at some point I'm not going to start the conversation with this. I am going to ask you once again exactly what Palantir does because you get a lot of different answers and then we can compare, we can compare your answer in this sitdown to when we did this about a year ago in that chair and we'll see if they match up. But first cheers my friend. Welcome back and you I think I can call you a Rubin Report veteran now because you've been, you've been third time maybe.
At least the third time. Yeah. So, let's see.
It's very good. I like it.
Come on. And once you let that breathe a little bit, like it's, it's just the best you've ever had. And I was on the first time I really talked about the process and everything publicly was on your podcast at your place.
Can you get this like at the grocery store or something?
We're, we're at some stores in Florida right now. We're mostly selling online.
But, but that's a lot you get to buy online. You couldn't use to buy us online a few years ago.
Well, one of the things maybe I can get some sage wisdom from you. One of the things I'm trying to figure out is do you just go totally new school and direct to consumer online and yeah, you got to wait two or three days, but you're going to get your tequila or do you break into this sort of quasi mafiaun business that's old school and you got to pour a ton of money just to get on the shelf and everything else. And that's, that's what I'm challenged.
I mean, I'd find some distributors and let them get them to invest alongside you. I make friends, man. It's like I only knew some investors, some who've invested in other things that I've done who I might be sitting with right now.
You got to figure it out. That's a tough, that's a tough business because you got to like go bar to bar and stuff. I've had a bunch of friends who, but this is really good. So yeah.
Yeah. Well, we will see. But this is not about tequila. What we're going to talk about today, and talk what I really want to focus with you is some of the positivity around tech in the future because one of the things that I'm seeing in the last, let's say since the beginning of the year has been just sort of a negativity around everything even from people on the right like the left has a certain grievance thing that everyone knows the right used to not have that and there's a weird thing happening right now that I think there's a tech negativity which the left definitely has Bernie's constantly railing against AI and all. But I'm, I would say I'm a world-weary optimist. I watch your videos all the time. You're an optimist. America's question.
Yeah. So, so can we, let's start with that. What are some of the positive things that we should see right now in the country and in tech and then we'll go from there.
Yeah. And it does bother me that the right has this weird third worldism that's kind of like coming up on its side too because we know the left is that way but it's like partially encroaching into what should be like the pro liberty positive side. Listen, like what, what is working? Productivity growth is just really getting going. You're seeing it very dramatically in smaller areas that are scaling quickly. So, you know, in my view, you know, Kevin Warsh is going to be the new chairman of the Federal Reserve. I'm very excited about, he's a friend and he's going to spend a lot of the time at the bank trying to quantify these things, which I think is very important for us to quantify is the productivity is finally going way up again, which by the way, that's the only way we all get wealthier is you do more with less, right? Productivity growth and...
And is that purely tech and AI? Is that the reason behind it?
The AI, I mean there's lots of other things that are just good in our nation that are working when you deregulate, when, when you...
