Why These Cities Are More Doomed Than Others (Pt. 1) | Peter Thiel | TECH | Rubin Report

there is sort of just an extraordinarydifference if you're in a place whereyou you just feel it's growing versusnot yeah and there there's a sense inwhich uh Florida Texas have this um havethis Dynamic of where it's just growingyou know every every storefront is fullthere are no empty stores you knoweverything it's not I'm not sure it'squite booming but it feels you know itfeels healthy and growing and then umand then you know much of Californiadoes not quite have that feel eventhough of course you know siliconValley's been this odd place where itwas a um you know gold rush and everyonewas depressed yeah even so for the lastdecade so the the Silicon Valley had avery odd Dynamic was a crazy boom thatdidn't actually feel that way if you youknow walk down the streetI'm Dave Rubin live from the localStudio here in Miami and joining metoday is the founder of the tealFoundation the co-founder of PayPal andpalantir Peter Thiel I could have givenyou like a whole bigger intro thereanything else you want to throw in hereit's all good generally the shorter theintro the more flattering it is yeahsuper long you have a 20-page resume forpeople who've never done anything so Iwas going to saydisgruntled libertarian something thelonger the intro gets the the more itsuggested you're not really doinganything at all oh all right well youare doing a lot I have I actually havenotes I never have notes when I do ashow but I was like I want to cover somenew ground and not just get into the thepolitical thing that we're alwaysfighting uh with everybody about but Ithought I'd start because we are here inMiami uh you know you famously left SanFrancisco moved most of the operation toLos Angeles you do have a place in Miamium how do you feel about this sort ofmovement of people across the countryright now and and sort of watchingpeople migrate to different places tolive very very different ways well it'suh it's it's it's it's it's truly a veryhealthy thing that uh you know it's it'suh it's in retrospect it's amazing thatpeople were as stuck as they were in theplaces they were they were in for forsuch a long time and you know thehistory of the US was that this hadalways been a society where people moveda lot between places and and themobilityum of physical Mobility had actuallygone down probably a lot for the last 40or 50 years relative to the you know 200year history before that and so uh andyou know it's it's probably the jury'sstill a little bit out whether this is atemporary or permanent feature but it'sit's it's surely a healthy recalibrationit's sort of this idea you can alwaysstart over in this countryum and one of the ways you start over isyou move to a new place where you kindof patting yourself on the back that youwere the first guy out of San Franciscoand my audience is well aware as I'veposted some videos from a recent visitto San Francisco the way that place hasjust collapsed under Progressivepolicies is is absolutely insane I'mguessing you don't have any employeesthat are wishing that you guys hadstayed although you still do have somepeople there right there still are somepeople not not very many that still areare living in San Francisco uh proper uhand uh yeah it is it is reallyextraordinary I lived I lived in SanFrancisco from2003 to 2000 2018and it's sort of you know never quitegot better but the idea it took a whilefor the Eddie to sneak up on people thatit was actually on the slow Decaydeterioration thing you know thehomelessness was always a chronicproblem but in circa 2014 2015 youstarted to realize you know it'sactually getting worse and they're nevergonna it's not just that this is thisfake problem that they're taking a longtime to fix it's they are it's a fakeproblem they use to distract fromeverything else they're never going tofix it so when you when you're here it'salso a real problem well it's also rightit's it's clearly a real problem butsomething that they either don't seeminterested in fixing well what do youthinkwhat they're not interested there are alot of problems that are both real andfake yeah so the homeless problem is youknow yeah it's a it's a it's anincredible problem but um it's also youget a sense that it never gets fixed andso if you if you talk about a problemthat you're never going to fix then youcan avoid talking about all the otherproblems like let's say cost of livingforum out of control rents for people withhomes or broken schools or you knowcrime or you know there's sort of areprobably half a dozen other issues thatuh move to the bottom of the queue aslong as we talk about an unsolvableproblem when you were there were youtrying to talk to them about thosethings and say guys like look at what ishappening here and and and the state ofthe Decay well on the on the on the citylevel it felt it felt like uh exit ismuch more powerful than voice yeah youknow it is uh it was uh I'm not sureit's super corrupt but uh uh SanFrancisco is super ideological In ThisVery left-wing very uh unreformable wayand uh and uh no it would be you knowit's it's I always have a schizophrenicview about getting involved in inpolitics where it's like super importantand super toxic but uh but gettinginvolved in San Francisco San Franciscocity politics uh that would be thatwould be absolutely an insane thing todo relative to just moving you're notenough of a masochist for that it's it'suh you know I'm I'm heroism's goodmartyrdom not so good and uh and uh andyeah the the relative uh the relativesanity of getting involved in localpolitics or just moving out of SanFrancisco you should always move so tothat point one more thing on this uh sonow you're here in Florida you know youhave a placeso you're split in time and obviouslyyou also have your place in LA but doyou feel a real tangible difference whenyou're here I mean you know I left ayear ago and it's like I have not lookedback and I'm loving it here and I seesomething so incredibly uh powerful andflourishing here do you feel that whenyou're here uh well it has you knowthere is there is sort of just anextraordinary difference if you're in aplace where where you just feel it'sgrowing versus not yeah and therethere's a sense in which uh FloridaTexas have this um have this Dynamic ofwhere it's just growing you know everyevery storefront is full there are noempty stores you know everything it'snot I'm not sure it's quite booming butit feels you know it feels healthy andgrowing and then um and then you knowmuch of California does not quite havethat feel even though of course you knowsilicon Valley's been this odd placewhere it was a um you know gold rush andeveryone was depressed yeah even so forthe last decade so the the SiliconValley had a very odd Dynamic was acrazy boom that didn't actually feelthat way if you you know walk down thestreet and then uh and then certainlywith the Kobe chalk the last few yearsuh it's quite different I still thinkCalifornia is is probably somewhathealthier than New York or you knowcompletely bankrupt States like Illinoisor you know non-states like Puerto Ricowhy do you think healthier than New YorkI think um I think the I think there areways that the the finance industry thatNew York is centered on is more movablethan the tech industry in Californiaand probably the very big tech companieslike Google and Appleit's it's hard to picture them actuallymoving out of California whereas you canyou can pick you can picture the bigBanks gradually moving out of New Yorkand certain and and there's somethingabout Finance that's been a little bitmore movable it also paradoxically makesit more dangerous for California becauseum if things ever go wrongthey will be so bust really like it'llbe like Detroit which thought that ithad these captive big three carmanufacturers and uh could get away withvery bad policies in Michigan Detroitfor decade after decade and then whenyou know when that industry finally wentSouth you know it was it was justunflexible so do you find that New YorkNew York's in a worse shape right nowbecause people are are you knowrelatively more people are leaving it'seasier for the businesses to leaveum and then maybe maybe California if itif it's not careful you know it will atsome point really go off the cliff rightdo you find that these things sort ofhappen slowly and then very quickly sosomething like California it's like youknow Cali's lost almost a million peoplein these last three years and a lot ofthem are high earners I mean these arepeople who are paying into the systemthat's ever growing at some pointsomebody has to look at numbers rightand be like none of this works or Iguess maybe not right it just continuessomehow I suppose yeah I I actually Idon't know how many of them were thehighest earners in California the lastlast years I think New York was was alittle bit more or that effect than thanCalifornia but yes these things you knowwe have these odd Dynamics where thingsgo on for a very long time they're notultimately sustainable but you know youknow there's some there's some way Ioften think that much of the 2000s and2010swere this weird continuation of the1990s you know the decades there werethings that happened you know at 9 11you had the global financial crisisTrump election brexit there were someevents that happened in those 20 yearsbut it was surprisingly little December2019 I was reflecting on the 2010s and II realized there have been noretrospectives on this decade whatactually happened in the 2010s you knowwe had marijuana legalization we hadGame of Thrones and people fell intotheir iPhones and uh and then uh butthen it was somehow just this this thingthat was sort of a stretched exhaustedversion of the 2000s which themselveswere stretch exhausted version of the90s and then uh and then I yeah I wantto say that in some sense you know March2020 when cobit hitsum we finally you know uh a lot of thesethings finally accelerate and so and youknow um and uh we're finally in the 21stcentury if 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