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COMMENTARY AMANPOUR & COMPANY ... AUGUST 20TH 2024 Amanpour and Company: Silicon Valley Trump Supporters 'Deluding Themselves,' Says Michael Moritz PLAY YOUTUBE VIDEO Original article: https://www.youtube.com/watch?v=sum9ZxEQ7as Peter Burgess COMMENTARY The Democratic National Convention (DNC) was a wonderful boost for normalcy and decency. It lasted for all four days of the convention, but the media retook its ground within hours of the convention ending and the diet of doom and gloom again took the media's attention. Some of this is real and a serious problem that needs attention by the authorities ... and some is merely feel bad misinformation from MAGA trolls. There is a massive amount of both. Michael Moritz is a serious man on a serious issue ... and his take is very encouraging. At the same time others are warning that there are many who back Trump and who are supported by Trump that are planning for what will be essentially a coup! Peter Burgess
Silicon Valley Trump Supporters 'Deluding Themselves,' Says Michael Moritz \| Amanpour and Company Amanpour and Company Aug 20, 2024 409K subscribers ... 40,148 views ... 1K likes #amanpourpbs Donald Trump and his running mate JD Vance are campaigning in swing states this week. They are also eyeing Silicon Valley, where some of the wealthiest and most powerful tech titans are lining up behind Trump. Once a stronghold of liberal ideas, this center of American innovation is drifting to the right. Michael Moritz, a senior adviser at Sequoia Heritage, joins the show to explain why he is urging his peers to rethink their support. Originally aired on August 20, 2024 Major support for Amanpour and Company is provided by Jim Attwood and Leslie Williams, Candace King Weir, the Sylvia A. and Simon B. Poyta Programming Endowment to Fight Antisemitism, the Leila and Mickey Straus Family Charitable Trust, Mark J. Blechner, the Filomen M. D’Agostino Foundation, Seton J. Melvin, the Peter G. Peterson and Joan Ganz Cooney Fund, Charles Rosenblum, Koo and Patricia Yuen, Barbara Hope Zuckerberg, and Jeffrey Katz and Beth Rogers. Subscribe to the Amanpour and Company. channel here: https://bit.ly/2EMIkTJ Subscribe to our daily newsletter to find out who's on each night: http://www.pbs.org/wnet/amanpour-and-... For more from Amanpour and Company, including full episodes, click here: https://to.pbs.org/2NBFpjf Like Amanpour and Company on Facebook: https://bit.ly/2HNx3EF Follow Amanpour and Company on Twitter: https://bit.ly/2HLpjTI Follow Amanpour and Company on Instagram: https://bit.ly/3SaTUhk Watch Amanpour and Company weekdays on PBS (check local listings). Amanpour and Company features wide-ranging, in-depth conversations with global thought leaders and cultural influencers on the issues and trends impacting the world each day, from politics, business and technology to arts, science and sports. Christiane Amanpour leads the conversation on global and domestic news from London with contributions by prominent journalists Walter Isaacson, Michel Martin, Alicia Menendez and Hari Sreenivasan from the Tisch WNET Studios at Lincoln Center in New York City. #amanpourpbs Transcript 0:00 now for their part Donald Trump and his running mate JD Vance are campaigning in swing States this week they are also eyeing Silicon Valley where some of the wealthiest and most powerful Tech Titans are lining up behind Trump once a stronghold of liberal ideas the center of us Innovation is drifting to the right but our next guest is urging his peers to rethink Michael Moritz senior adviser at Sequoia Heritage joins Walter Isaacson to explain why thank you chrisan and Michael Mor welcome to the show nice to see you Walter for the past 40 years you've been a Titan in the Silicon Valley entrepreneurial Tech world and like most people there you've been a Democrat you still are support the Democrats but this year a surprising number of people I think in your world in Silicon Valley and the entrepreneurial world are backing Donald Trump ... you know Peter teal ... Elon Musk ... Mark and Jason ...Ben harowitz ... David Sachs ... Joe Lonsdale 1:02 Is this a major change and if so why? You've counted six people alter in Silicon Valley and um Silicon Valley being this stretch of land that um stretches from San Francisco to San Jose and the people who are uh supporting Trump supporting the Republicans um the the surprising thing about it is how small a number it is but how large the volume uh of um um that they've been able to generate because of their varying and clever commands of different communication channels in particular uh Twitter and all the rest of it so I think they've been able to amplify their voice and um um their sentiments by 2:00 beyond the reality of um the particulars in Silicon Valley which is heavily uh anti-trump um as it has been for the last two elections and uh in Silicon Valley in both 2016 and um 2020 uh Trump barely mustered 20% of the vote and it'll be the same result this time but you took up arms in a way in a financial times uh piece and which you wrote Trump supporters in Silicon Valley are making the same mistake all powerful people who back authoritarians what did you mean by that well it's perplexing to me why these very smart um absurdly wealthy incredibly accomplished individuals have backed Trump in the first place and I'm also perplexed by the fact that I know I I 3:00 don't know all of them well but I know them well enough to imagine that each of them would have trouble uh imagining having uh Trump as part of any investment Syndicate um that uh they might uh arrange and organize and I can only think that they feel that somehow or other they're deluding themselves into thinking that they will have influence uence over Trump they'll be able to control his activities they'll be able to channel him into the particular areas in which they have an interest and I think that's the mistake um that other people who have backed authoritarians you know in different circumstances in different countries uh over the year have also made and I think they're deluding themselves but a lot of them make the point that the Democratic party has become more and more anti- 4:00 entrepreneurial even you have written about crippling regulatory regimes it's hard for people in your field who are doing startups and uh you know trying to take risks are you worried that the Democratic party has moved that way and thus cause this bit of a revolt against them in Silicon Valley I I think it's clear that the Democrats and to um a large extent the Republicans also so for different reasons uh have lost touch with the realities of things that concern a whole slew of Voters and both parties I think um BL bear blame for uh not managing uh for the common good and look I live in California and I sort of I describe myself as a as um schwarzeneger Democrat you know pretty liberal on social issues reasonably Central or conservative on economic 5:01 issues and if you live in California and you see what the Democratic party has done in California there are plenty of reasons to complain and I can sympathize with a lot of the arguments that people like the individuals that you mentioned at the beginning Walter um who are backing Trump have about um the tilt of politics particularly in California which has uh become increasing a state where it has become increasingly difficult um to to do business so I think that there is there there is um reason uh that these people have good reasons for some of their complaints but unfortunately they're channeling their frustration towards the wrong individual well you've just talked about the problems in California being over regul 6:00 ulatory and moving to the progressive left well kamla Harris the Democratic nominee she's a product the Silicon Valley uh California politics da of San Francisco attorney general of California youve watched her over the years why do you think she could push back against these tendencies that you find problematic I think uh one certainly would hope so I don't think she's really um a product of Silicon Valley she's much more product of San Francisco and uh um I that may make the question even stronger um I well I think on on the on the on the Progressive um front I I completely agree um I think one would hope that both parties understand that the disenfranchisement that tens of millions of people living in this country feel whether it's these ultra wealthy people 7:01 that are backing Trump or the tens of millions of people who feel forgotten and left behind they are sending a very strong message um to uh both parties to the Democrats and Republicans that you've forgotten us um and you've forgotten the touchstones you've forgotten the uh uh the things that people care about when it comes to economic mobility and and being left behind and all the sorts of things that um has caused this Wellspring of support for for Trump and then uh with lots of people in California now protesting at the state level and at the city level about the fact that Progressive left has um moved both in California the state and in San Francisco the city into a ditch that um politicians are going to get the mess mess including um the Democratic 8:02 Presidential nominee and that's certainly happening in San Francisco where the opposition to one party rule is as strong as it's been in 50 years given what you just said about San Francisco doesn't that explain some of the rebellion of people in the entrepreneurial and tech industry against the Democratic party I think it does I think that plenty of reasons to um in in California which you know is largely a democratic State obviously to have lots of complaints about the way in which the uh state has been government and governed and and that reflects obviously on the Democratic party WR large uh but I think the sort of democ democ Democratic party leadership that's been uh um demonstr or that has occurred in San Francisco over the last 20 years just far to the left of what's happened 9:01 in state politics and in the state capital in Sacramento you made some big news about a month ago when uh Joe Biden was still in the race and you sent an email to the New York Times and says President Biden has a choice vanity or virtue he can either condemn the country to dark and cruel times or heed the voice of Father time the clock has run out how important do you think people like yourself were in getting Joe Biden to reconsider running and why were you so strong about that I uh I suspect my note or my email uh had about as much effect as uh um um a drop of rain and a thunderstorm uh but um I think there were look there were as both of us know and everybody knows there was the fact that you 10:00 he woke up to the fact that he was going to embark on a war without an army behind him and he had found that his generals had um gradually left him and lost confidence in him and the rank and file of democratic voters had and he'd been hearing this message uh loud and clear from a variety of constituents including you know influential members of Congress obviously the former speaker of the house and then there were a whole number of people in the sort of donor Community uh who had spoken out and registered their um dismay at the prospect of him despite all the respect that so many people have for him leading the country um into this or leading the Democratic party into this election this year after the Fiasco of the debate where are you directing your 11:00 financial support uh in this election and what type of donations are you going to make uh it's in two areas one in San Francisco which is my Prime activity actually and it's the we have big races at a local level um in San Francisco this far we've got a mayor's race we've got uh races for the supervisors positions which is the equivalent of the city council and then there are some Charter re form initiatives that I'm heavily involved with so I'm involved in San Francisco heavily in those in those particular areas and then in the in the presidential area um Harriet my wife and I we've been donating through uh an organization that is run by um Jim MSA and James Carville called American Bridge that is sort of ancillary to the main presidential campaign but um that that has been massively effective um 12:03 particularly in 2020 and 2022 and we've been deeply impressed by um the manner in which they uh can execute very nimbly and effectively as an adjunct to the presidential campaigns are you personally a strong supporter of kamla Harris yes how do you think that kamla Harris should campaign and know you worried about her being perceived as part of that progressivism that took place took people into a ditch she will undoubtedly I the uh Trum Trump fance um Campaign Will undoubtedly try and tie her to San Francisco much as if uh Governor Nome had been the presidential candidate they would have tied him as the former mayor um to San 13:02 Francisco uh but I'm she needs to be able to um convince people that um she has gained a lot of experience both in her role in in the state in in Sacramento and then as um in the senatorial seat for the country where she is and has I assume been learning to um govern for the common good H which means uh uh moving much to a much more um Centrist um line of Centrist set of policies and method of government you are a longtime board member of Google I think you were one of the early investors for which congratulations but the uh justice department just w a major ruling against uh a as antitrust do you think that that's 14:02 right for the justice department to be pushing these things and would you hope that combell Harris and others would be a little bit less aggressive in antitrust enforcement politicians this goes back to the divine right of kings I think uh and when you have over Mighty citizens whether they're um dukes and massive land owners in in ancient England or powerful corporations in America Amica today whether it's Amazon or Microsoft or Facebook or Google politicians get unhappy with any entity that they um don't feel that they can control you can see it in the EU as well targeting the same companies you see it in China with Xi Jinping moving against um the largest companies politicians around the world are Universal in their um skepticism about um uh companies that they can't 15:02 control and we've seen it before here we've seen it with IBM we've seen it with AT&T um I think the Google battle will be this isn't um you know there was a court ruling obviously but the remedies are um going to take several years to work out and I would hope that uh camela Harris and others come to recog ize also that these companies have led the world uh into the future and given us um billions of people around the world services that we couldn't imagine uh would have existed 40 or 50 years ago Michael morit thank you so much for joining us thanks w [Music] [Music] 21:10 Now playing

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