Vivek Ramaswamy: prediction

Transcript context

…I think what Mark would say is that diversity allows you to look for talent in places where you haven’t looked before and therefore find really special talents, special people. I think that’s the case he made. He did make that case and it was a great conversation. And my response to that is great, that’s a good thing. We don’t need a three-letter acronym to do that. You don’t need special programmatic DEI incentives to do it because companies are always going to seek in a truly free market, which I think we’re missing in the United States today for a lot of reasons, but in a truly free market, companies will have the incentive to hire the best and brightest or else they’re going to be less competitive versus other companies. But you don’t need ESG, DEI, CSR regimes in part enforced by the government to do it. Today, to be a government contractor, for example, you have to adopt certain racial and gender representation targets in your workforce. That’s not the free market working. So I think you can’t have it both ways either. It’s going to be good for companies and companies are going to do what’s in their self-interest. That’s what capitalists like Mark Cuban and I believe. But if we really believe that, then we should let the market work rather than forcing it to adopt these top-down standards. That’s my issue with it. I don’t know what it is about human psychology, but whenever you have a sort of administration, a committee that gets together to do a good thing, the committee starts to use the good thing, the ideology behind wish there’s a good ideal, to bully people and to do bad things. I don’t know what it is.…

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