AI Summary
5 min readOn July 10th, President Trump told Americans on live television to "go out and buy a Dell computer." Shares of Dell surged as much as 8% at that exact moment. Trump, according to his recently released financial statements, bought nearly a million dollars worth of Dell stock last year. This episode of The Week uses that moment as a lens for a broader argument: the market no longer rewards building something people want so much as it rewards having the right person want you to win. The episode tracks this "kingmaker economy" through three developments — OpenAI offering the government a stake, SpaceX being fast-tracked into a major stock index, and a surprising media deal that suggests the old rules of audience size may no longer apply.
The Kingmaker Economy
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What you'll learn
- 1 (02:32) **The Kingmaker Economy** - Scott introduces the idea that the best way to increase a stock price is to have the president endorse it, using Dell as the opening example.
- 2 (04:54) **OpenAI Offers the Government a Stake** - OpenAI floated giving the federal government a 5% stake, worth ~$43 billion, in exchange for support.
- 3 (06:30) **SpaceX Fast-Tracked Into the NASDAQ 100** - The company was added to the index under new rules, creating automatic demand from index funds.
- 4 (09:50) **America at 250: A Crisis of Patriotism** - A new poll shows 55% of Americans think the country is less patriotic, with the biggest drops among Democrats, women, and young people.
- 5 (15:53) **OpenAI's First Podcast Acquisition: TBPN** - OpenAI bought TBPN, a daily tech show barely 18 months old, as its first ever podcast acquisition.
- 6 Standout Quotes
- 7 (06:11) "That's not capitalism on the way up and socialism on the way down is cronyism." — Scott Galloway on OpenAI's government stake proposal
+ Full timestamped outline available in the app
Guests on this episode
Show Notes
George Hahn connects the dots across the week’s biggest stories: how presidential favor can move markets, why OpenAI wants the government as an investor, and what SpaceX’s fast track into the Nasdaq-100 means for ordinary investors.
Plus, why Americans feel less patriotic as the country turns 250 — and how an 18-month-old podcast built a media business worth hundreds of millions.
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