Don’t bailout companies, BUY them. “Every American citizen should own these companies...that is being capitalist.”

Episode Summary

Social Capital CEO Chamath Palihapitiya talks with Recode's Kara Swisher about how long it will take to recover from the coronavirus crisis, its impact on startups, and how the US government should and will react — including by tracking individuals via their technology and repatriating cash from tech companies like Apple. Palihapitiya says businesses should make sure they have at least 36 months worth of cash on hand to weather this recession and its slow recovery period and predicts the US will need to devote an entire year's GDP to combat covid-19. He criticizes the corporate "shenanigans" that will make economic recovery harder says he's done investing for at least nine months, because anyone trying to do deals now will be "decapitated." Plus: What we can all learn right now from the histories of the Great Depression and the 2008 financial crisis, and which industries will come out of this crisis stronger than before?Previously: Palihapitiya last appeared on Recode Decode in March 2019: "People in Silicon Valley are deeply unhappy"Featuring:Chamath Palihapitiya (@chamath), CEO of Social CapitalHost:Kara Swisher (@karaswisher), Recode co-founder and editor-at-largeMore to explore:On Reset, Arielle Duhaime-Ross explores why — and how — tech is changing everything.On Recode Media, Peter Kafka interviews business titans, journalists, comedians and podcasters about the collision of tech and media.On Pivot, Kara Swisher and Scott Galloway talk about the big tech news stories of the week, who's winning, who's failing, and what comes next.And on Land of the Giants, Jason Del Rey chronicled the rise of Amazon. Season 2 will focus on Netflix and is coming soon!About Recode by Vox:Recode by Vox helps you understand how tech is changing the world — and changing us.Follow Us:Newsletter: Recode DailyTwitter: @Recode and @voxdotcom Learn more about your ad choices. Visit podcastchoices.com/adchoices
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  • What should investors do during the Covid 19 pandemic?
  • The era of “cheaper, faster, better” is over. Businesses need to focus on resiliency instead.
  • Don’t bailout companies, BUY them. “Every American citizen should own these companies...that is being capitalist.”
  • “We don’t know what the final bottom is in terms of what the economy looks like after this...we are tiptoeing our way to socialism.”
  • Companies are now price-takers, not price-makers, in the Covid 19 economy
  • What should startups do during the Covid 19 pandemic?