Catherine Bracy
Michael Kosta checks in on Trump's latest White House makeover, which includes demolishing the First Lady's quarters to build a gigantic ballroom in the East Wing. Plus, while a Democrat apologizes for problematic Reddit posts, Trump's nominee for special counsel blames his pro-Nazi text messages on AI, and Ronny Chieng teaches politicians how to get away with racism. From Fox News to Trump, everyone on the Right is calling NYC mayoral candidate Zohran Mamdani a "communist." Desi Lydic sits down with Joe Sims, the co-chair of the Communist Party USA, to discuss how we're using the C-word all wrong. Catherine Bracy, author of "World Eaters: How Venture Capital is Cannibalizing the Economy," talks to Michael Kosta about the evolution of venture capital, from its origin as a mid-20th-century funding solution for risky companies with big potential for technological advancement, to the harmful economic backbone of the tech industry it has become today. She describes how the investment structure of venture capital pressures companies to "move fast and break things," has made for a tech industry that prioritizes investors, often at the expense of consumers, how that model has festered into other corners of the economy, including housing, and how the organization she co-founded, TechEquity, is working to put guardrails on Silicon Valley to ensure that tech benefits everyone, not just a few people at the top.
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