Entrepreneur and 2024 presidential candidate Vivek Ramaswamy weighs in on the debate surrounding whether Silicon Valley Bank was woke. #SVB #wokeness
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Vivek Ramaswamy, a prominent entrepreneur and policy advocate, has recently criticized President Joe Biden’s move to bail out Silicon Valley banks. As a vocal critic of the tech industry, Ramaswamy has called out the hypocrisy of the tech sector in accepting government aid while simultaneously pushing for regulations that would stifle competition.
In a recent op-ed for the Wall Street Journal, Ramaswamy ripped into the Biden administration’s decision to funnel billions of dollars to tech sector banks to fund loans for small businesses struggling during the COVID-19 pandemic. Ramaswamy argued that these banks have already profited immensely from the tech industry’s rise and should not need government assistance to continue doing so.
Furthermore, Ramaswamy criticized the tech industry’s support for additional government regulations that would limit competition and fortify the dominance of tech giants like Google and Facebook. Ramaswamy argued that these regulations are a form of rent seeking, wherein the tech industry seeks to use government power to entrench their position in the market.
Ramaswamy’s criticisms of the tech sector have been well received by many in the business community, who share his concerns about the industry’s growing power and influence. In recent years, many have worried that the tech industry’s dominance over the economy could lead to a lack of innovation, stifled competition, and a decrease in consumer choice.
Ramaswamy’s outspokenness on these issues may help to spur greater debate and awareness about the role of the tech industry in American society. By shining a light on the industry’s hypocrisy and rent seeking, Ramaswamy is challenging us all to think more critically about the ways that our economy is structured, and to consider alternative models that prioritize innovation, competition, and consumer choice.
Whoa! Where did Vivek come from? Can’t wait for him to debate future candidates.
Silicone valley Banks executive officer are not bankrupt . Think about workers if you don’t bail them out what will happen to bottom line workers .
I hope he makes it to the top of the ticket.
THIS IS OUR NEXT PRESIDENT…HOPEFULLY HOPEFULLY
$250,000 insures should be covered… if not they lied to depositors. Over that you know you risk…
Bri – tried but couldn’t trip Vivek. Vivek handled her well
Trump knew what was going people waking up
The more I watch the show the less I like Bri
It's not a "free market," you ridiculous troll. Nor is it a 'bailout,' it's the theft of hundreds of billions of dollars.
Stop calling the theft of hundreds of billions of dollars a "bailout."
Really like this guy just cause I don’t think he’s a liar. He don’t need to be. He’s insanely smart. Well rounded and I don’t think the elites can buy him
This shyster is claiming oil and gas companies don’t have sway in politics bc the dems are in the White House? What a joke. Oh they must be bankrupt with all that regulation. Oh wait Biden just opened up large parts of Alaska for oil and gas exploration. This dude is a corporate Republican whose policy much like trump’s would lead to the svb crisis. But people will fall for it every time
the guy has everything RIGHT the black woman has it all wrong the bank is a private company they did mistake pay for it
Briahna is going to try the "just to clarify" line with everyone now in hopes of "owning" another guest after she tasted blood last week.
This guy gets it.❤
It is not that hard to have less than $250k in a single bank… for billionaires I can understand that could be more of a challenge, but obviously they can hire accounts and don’t these politicians want to make the billionaires “pay their fair share” and yet they are paying the billionaires. I do not understand this at all.
The underlying problem is the dropping value of bonds. With value of bonds dropping, the bank was no longer solvent. Same problem in loads other banks. That is why the gov had to step in and bail it out, otherwise other banks would fall, and bonds would collapse along with them, leaving the entire USA econ in shambles.
He will never make it as a politician…he actually answers the questions being asked in a clear and competent manner.
This dude will never be president…this is his campaign run for an political office in some flyover states
Good viveka by Vivek
Millionaires and Billionaires get bailouts, Working Class/Middle Class pay for it Again!
This guy is talking sense and with a clear understanding of the ground reality and practical solution. Bail out is not a solution since it's a incentive for the recalcitrant manipulators to bleed and get away. Banking and financial consultant should be accountable, arrested and assets seized so that no one dares to play with the system and push the world to the edge.
It's a bailout of the ELITES who give campaign contributions to Democrats
What are you going to do about it?
I thought so.
Other than the "Woke" catch phrases, Vivek Ramaswamy was talking some common sense. I'd almost trust him.
Vivek ain't it. He's just an anti-woke, right-leaming version of Pete Buttigege. Says a lot of pretty things, but he's an empty husk when it comes to actual solutions.
We need to realize Banks and the government are a scheme. And hold our own money.
This guy was great. Of course it was not wokeism the folks who actually believe that are ideological morons. The bailout such as it is, should have been limited solely to the payrolls of these companies so that their employees did not suffer. Executive salaries and stock sales should be clawed back to repay those advances.
Woke derangement syndrome… Peter Thiel started the bank run