The Surveillance Economy, and How Capitalism Can Fix Poverty

Scott Galloway weighs the costs and benefits of mass surveillance, makes the capitalist case for fixing poverty, and offers advice to young men caught between the incel movement and real connection. Want to be featured in a future episode? Send a voice recording to [email protected], or drop your question in the r/ScottGalloway subreddit. Plus, you can now call or text Scott a question at our new Office Hours hotline: ‪(201) 472-3656‬. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Speaker names marked ? are inferred from speaking time and the show’s known hosts — they are not voice-verified.

• 0:00Speaker 00

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• 0:31Speaker 01

  I'm Ina Garten, and each week on Happy Hour, I invite new and old friends for a drink and a fun conversation at my kitchen table in New York City. On this week's episode, I'm joined by Sofia Coppola. Sofia is an Academy Award-winning filmmaker. We chat about the hilarious way that we met, our shared love of Paris, and what influences her iconic personal style. New episodes of Happy Hour are available every Wednesday. You can watch on YouTube or listen wherever you get your podcasts. Cheers.

• 1:10Speaker 02

  I'm Mitch Purce, and this week on Confessions of an Elite Athlete, I'm sitting down with Matt Fries, goalkeeper for the U.S. Men's National Team and New York City FC. We discuss how to prepare for one of the biggest moments of your life. You can hear it all by listening to Confessions of an Elite Athlete on YouTube or wherever you get your podcasts.

• 1:41Scott Galloway?

  Welcome to Office Hours with Prof G. This is the part of the show where we answer your questions about business, big tech, entrepreneurship, and whatever else is on your mind. If you'd like to submit a question for next time, you can send a voice recording to officehourswithprofgmedia.com. Again, that's officehourswithprofgmedia.com or post your question on the Scott Galloway subreddit, and we just might feature it in our next episode. Question number one.

• 2:05Speaker 04

  Hey, Scott. Nick from Western New York again. I have a question about automated surveillance technology. First of all, how do you feel about the implementation of technologies like Flock and other staring or passive systems that utilize AI to flag different markers? There's been recent stories of automotive journalists who've been pulled over at gunpoint driving Jaguar and Land Rover vehicles because of one misreported stolen plate. My local community's implemented some of these systems. A lot of people are pushing back on them. I personally feel that it's an invasion of people's privacy, but I'm curious what your thoughts are and what the successful path to implementation or pushback is other than the courts, because it doesn't seem as though the Supreme Court or higher courts are receptive to the argument that this is a violation of people's privacy. So that

• 2:49Speaker 04

  tells me that collective action is required. I'm curious if you can just kind of give us some thoughts on these technologies in general, their return for society, as well as their cost, as well as what we can do as communities if we have strong feelings about this outside of simply going to court. Thank you.

• 3:05Scott Galloway?

  Super thoughtful question. So just some data here. Private surveillance has reached a tipping point and is now being massively, or has hit mass adoption, if you will. There are more than 90,000 Flock cameras in use around the U.S. A 2023 report estimated that 10 million Americans own Ring cameras. Roughly one in five American households have some form of video-enabled doorbell. Surveillance is up, and no accident, crime is down. 2024 to 2025 marked the single largest decrease in violent crime and murder in the U.S. since 1937. Think about that. For all of the shipposting of government and catastrophizing, crime

• 3:49Scott Galloway?

  is at historic lows. And there are other factors than technology or surveillance, or the fact that you'll probably get caught if you commit a crime. From 2024 to 2025, violent crime decreased 9%. Property crime decreased 12.4%, and motor vehicle theft decreased 23%. Deloitte reported smart technologies could help reduce crime by 30% to 40% and cut emergency response times by 20% to 35%. Data collection is expanding. Flock's network scans more than 20 billion license plates a month. 20 billion a month. Meta-embedded facial recognition in its new smart glasses, a feature that, if enabled, would let wearers

• 4:31Scott Galloway?

  pull up information about people in their field of view. Critics argue it would allow stalkers, abusers, and federal agents to identify strangers in public. This is a Fourth Amendment issue. The Fourth Amendment protects against government surveillance, but it doesn't constrain private companies or citizens. A Ring doorbell owner can voluntarily share footage with law enforcement without the consent of anyone captured on camera. Even when owners decline to share footage, Ring and other smart doorbell data are subject to subpoena. Okay. So this is safety versus surveillance. This is, in sum, a free society involves costs, and one of those costs is crime. If we wanted to do away with search and seizure laws, crime would go down, but there's a balance, right? If you own a property, you

• 5:16Scott Galloway?

  should have the right to put a camera on it, and if it decreases crime, that's going to create incentive to have more Ring cameras, if you will. I find that in general, people talk a big game about privacy concerns, and then they will give Uber all of their data. Think about Uber. With a hack and a thin layer of AI, you could pretty easily determine if someone just terminated a pregnancy, their HIV status, if they're having affairs, their sexual orientation. You can figure out a lot about people based on when and where they are going. And yet, we still give Uber all of our data because we love seeing that our QX60 is just around the corner. Why is he turning that way? Anyway, so I

• 6:01Scott Galloway?

  think what's, I don't think you're going to get in the way of this mass adoption. What I think is important is that we have really strong laws and judges that err on the side of not admitting evidence unless it is a real threat, that it is a violent crime, something that has to do something with national defense. Otherwise, that data is not admissible. In London and New York, you're on candid camera. Supposedly, you can't go eight or 12 feet in either city without being on camera. And they did that because of the terrorist bombings,

• 6:42Scott Galloway?

  I think it was from the IRA in the 80s in Britain. And since 9/11, basically, you could argue Manhattan is a surveillance city, not a surveillance state, but a surveillance city. But there's, generally speaking, some laws in place where it is very difficult sometimes to submit that that data as evidence. I, for the most part, believe that surveillance and tracking is something that you're not going to get in the way of, and that has a lot of benefits, but requires really stringent laws, that if it's about, I don't think data admissible in family court should be, unless there's a crime involved, should be submissible.

• 7:26Scott Galloway?

  I don't think unless it's a violent crime, someone, you know, I mean, you have red light cameras. I guess technically, that's submissible as evidence. But I think we have to have judges and laws that err on the side of unless it qualifies potentially as a felony, that type of surveillance evidence is not submissible, and that judges err on the side of privacy. There's a fulcrum. There's a tension between privacy and using it as a technology to ensure we continue to see a decline in crime. So what do we need? We need thoughtful laws, and we need thoughtful judges, and we need to figure out what is

• 8:06Scott Galloway?

  that balance. But I would argue right now, the surveillance economy, if you will, is yielding more upside than downside. I appreciate the question.

• 8:21Scott Galloway?

  Question number two comes from a listener who texted us. Hi, Scott. I've been a huge fan for years, and I'm thrilled that you have grown so much. Thanks very much. I've been thinking about capitalism. I recognize all of the positive aspects that you discuss. My question is, what do we do about poverty? There has to be a solution. Okay. So some data. Mass poverty has actually been the norm for most of history. Markets and growth are the only thing that has ever reversed it at scale. The enemy, the antidote to poverty, I believe, is economic growth that leverages self-interest, which is capitalism. In 1950, about 60% of the world lived in extreme poverty. Today, it's about 1 in 10. So we don't have

• 9:05Scott Galloway?

  a poverty problem as much as we have a distribution problem. Maybe I'll come back to that. Some stats regarding poverty in our country, the U.S., 14% of children are 1 in 7, and 10% of all Americans live below the poverty line. I think you can argue that's pretty much unacceptable in a nation that has registered unprecedented prosperity and wealth. From 2021 to 2024, 6 million children fell below the poverty line. Columbia University's Center on Poverty and Social Policy attributes this reversal to the expiration of the expanded child tax credit. Practices that are proven to combat poverty. How do you combat it? Tax credits for children, a certain minimum, I don't like, my friend Andrew Yang talked

• 9:49Scott Galloway?

  about universal basic income. He screwed up with the word universal. There should just be basic income and basic services and a stronger social safety net. Capitalism gets a bad name because the general assumption is that capitalism involves forgetting about the losers. Capitalism is winners and losers, lower taxes, less government involvement, and you're going to have more inequality. Americans have opted for inequality because capitalism shows it as a whole, the pie grows as a whole, and on the whole, most people are better off. There are losers. However, There doesn't have to be, it doesn't have to be the Hunger Games. People mistake socialism for more empathy and concern. The problem is socialism, the actual term, means government controls the means of production

• 10:32Scott Galloway?

  and decides what businesses should get what tax credits. When you implement true socialism, you end up with warehouses of unsold DeLorens in Ireland or Air France, or worse, North Korea or East Germany. What I think most people who use the term socialism are talking about now is the type of capitalism we have had through most of the 20th century in America. And that is free markets such that companies are owned by private individuals and shareholders and practice full body contact violence to create profits and innovation and margin that are then taxed at a fair rate and redistributed to the middle class and for services to the poor.

• 11:14Scott Galloway?

  When I ask people to point to where socialism has ever worked, they say, well, Northern Europe. That's not socialism. That's capitalism. They actually in many ways have more free market competition than we do. Their president is investing in chip companies or steel companies, but they ensure that taxes are paid. We have about a $750 million tax gap, which means people who owe taxes aren't paid. And then it's redistributed in the terms, in terms of social services. Northern European capitalism settles the argument that you can have billionaires and universal healthcare. So what works? Capitalism that sits on a bed of empathy where we redistribute income to the middle class, which is the primary engine of capitalism.

• 11:58Scott Galloway?

  One of the bullshit arguments on the right is that the middle class is a self-occurring mechanism or organism. It's not. It will die unless we redistribute income into the middle. During Reagan, we had no capital gains tax that was lower than regular income. There was just one source of income. We should restore that. We have constantly had tax cuts on the wealthiest and corporations. We need to fix that. We need to have or restore child tax credits and we need to implement universal pre-K and universal healthcare. I believe that will actually grow the economy. The amount of money we are spending on the sick right now is double what other nations that consider themselves capitalists are spending on healthcare because they do a

• 12:42Scott Galloway?

  better job around investing and preventive healthcare. People aren't scared to go to the doctor. And they also don't let private corporations monetize the health of their nation. So there are capitalist solutions here. It's just about electing the right leadership. And I worry we're swinging too far to the left with, or gonna swing too far to the left. Right now, we're way too far to the right, in my view, in terms of our leadership. The pendulum is never at the middle. And I worry that people believe that socialism or the government getting more involved in private industry is the way. No, it's not. So let me give you some other examples. Refundable tax credits, including the CTC and EITC, earned income tax credit, have provided the largest anti-poverty benefits to children, working people, and people under 65.

• 13:26Scott Galloway?

  These are fixable problems that we can afford. Child tax credit, universal pre-K, socialized, nationalized healthcare that over the long time will reduce expenditures, minimum wage of $20 to $25 an hour, taxes that, and how do we pay for this? And you have to, you have to argue how, you have to pay for it. Get rid of the lower tax rate for capital gains. Money's not, money that money makes is not any more noble than money than sweat makes. Everyone should pay the same tax rates above a certain amount of income, whether you got the income from being a partner at Goldman Sachs or you made it from selling stocks. Get rid of the estate tax exemption.

• 14:09Scott Galloway?

  If your kid inherits $4 million, not $7 million, he or she's going to be fine. $120 trillion is going to be passed on to future generations in the next 50 years. We are not a dynastic country. That's something that differentiates us from America. If you want to leave enough money for your kid to have a house, maybe a trust fund, fine. But there's no reason that Bezos Jr. should get $60 billion versus, versus $40 billion. For God's sakes, that, that kind of solves the problem right there. Capitalism works, but it has to have responsible, empathetic governance of which has been in short supply on both sides of the aisles since the Reagan years. Phew.

• 14:54Scott Galloway?

  That was a TED Talk. Thanks for the question. We'll be right back after a quick break. Support for the show comes from NetSuite. They say every day your business is late to AI, you might fall two days behind. So how do you keep up with the competition when they're only moving faster? Enter NetSuite Next. You probably know NetSuite, the AI-powered business management suite that securely connects all your data. It's a unified suite that brings your financials, inventory, commerce, HR, and CRM into a single source of truth, trusted by over 44,000 customers. NetSuite Next is the next big leap in how business gets done because AI is built into everything you do.

• 15:38Scott Galloway?

  It automatically surfaces customer insights throughout your day. AI agents work alongside you to solve problems and handle routine work. And anytime you have questions about anything, you can ask, just like you're having a conversation with a colleague. NetSuite is customized for a wide range of industries, so it supports the way your business truly works. Whether your company earns millions or even hundreds of millions, it's time for NetSuite Next, where your business meets AI. If your revenues are at least in the seven figures, get our free business guide, Aligning for the Agentic Era: How AI is Changing Everyday Work, at netsuite.com/profg. The guide is free to you at netsuite.com/profg. netsuite.com/profg.

• 16:23Scott Galloway?

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• 17:06Scott Galloway?

  Upwork also takes care of contracts, payments, and other administrative tasks, so you can spend less time managing logistics and more time focused on what's next. Visit upwork.com/profg right now and post your job for free. That's upwork.com/profg to connect with top talent ready to help your business grow. That's U.P.W.O.R.K. com/profg. upwork.com/profg. Support for the show comes from Vanta. As AI adoption grows, so does your company's security risks and requirements. New frameworks, audits, and vendors keep piling on, but your team isn't getting any bigger. Most compliance tools promise automation, but you're really stuck doing all the work

• 17:48Scott Galloway?

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• 18:30Scott Galloway?

  That's spelled V.A.N.T.A.com/profg for $1,000 off. Welcome back. Question number three comes from Reading and Astoria on Reddit. Scott, weirdly, my mom convinced me to start listening to you. That is weird. She bought me your book for Christmas last year, Notes on Being a Man. She made me watch Adolescence with her. I think honestly, she thought I was becoming an incel. I'm just shy. I'm wondering if you see bits of hope for young men trying to get out of the manosphere since you started talking about it and writing about it, even just to calm the mothers of America?

• 19:12Scott Galloway?

  It's a thoughtful question. So just some data. Drug overdose deaths in America, this is good news, have actually fallen three years in a row from 110,000 to 80,000 in 2024. That's the largest single year drop the CDC has ever recorded to roughly 70,000 last year. That's the lowest level since 2019. That's the good news. Men die of overdoses at more than twice the rate of women, and men's rate fell even further, down 27% in a single year versus 23% for women. The steepest decline of any age group, 15 to 24 year olds, down 37%. So something is working. Look, I think a lot of young men, for a variety of reasons, are struggling. Biological, their prefrontal

• 19:57Scott Galloway?

  cortex is less mature than a woman's. Economic, a lot of the onramps to the middle class without a college degree, dudes are just not as good in school as, as, as women. I think the education system, K through 12, is biased against men. If men aren't, boys aren't tired, what do we do in school? Ask someone to raise hand, be a pleaser, use their, their fine motor skills, and that you just described is a girl. Boys are twice as likely to be suspended for the exact same behavior as a girl, five times as likely if it's a black boy. I think we need more male teachers in school. I think we need national service. I think we need more male mentorship programs. I think you should start kindergartners, boys at six, girls at five, because boys are just behind. There

• 20:38Scott Galloway?

  needs to be immediate, immediate intervention with male mentorship when a boy loses a male mentor or a father through death, divorce, or abandonment. So there are absolutely programs that can fix a lot of this. Your mom is correct to be worried. There's a lot of media influencers who are taking advantage of lonely, struggling men that the government has overlooked and the left has ignored, and the right has decided the way to fill that void is by trying to take women and non-whites back to the 50s, which is really dangerous. And some of the voices that have filled this void are really unproductive voices. The Manosphere starts out positive. Be fit. Take control of your life. Be action-oriented.

• 21:19Scott Galloway?

  Make money. Try and find a mate. These are all positive things. But then it comes off the fucking tracks and becomes about dominance and misogyny. And quite frankly, grift, the most famous Manosphere characters are trying to convince you to sign up for their $50 a month crypto university, or, you know, Ponzi slash pyramid grift scheme. The incel movement, I hate. You're shy, that's fine. I'm actually more introverted as I get older. But you need to put yourself in the company of other people and to get at least comfortable opening and expressing friendship and desires for mentorship. And, my brother, you're going

• 22:00Scott Galloway?

  to have more success economically and romantically if you force yourself to develop a practice around approaching strangers and developing a rap and a sense of resilience. I'm not suggesting you need to be a guy with a shiny suit approaching every woman or every person at a bar, or calling people randomly and trying to sell them on stocks or what have you. I'm suggesting you need a basic, certain minimum level of willingness to experience discomfort, to establish contact with other people. And I hate the incel movement because it's giving men a hall pass to just sit in their fucking basement and play and blame other people for their problems. No. The majority of men have been involuntarily celibate

• 22:43Scott Galloway?

  for the majority of their life through the majority of history. Only 40% of men have reproduced. You don't have a right to reproduce. You have to earn it like the rest of us. You have to develop a kindness practice, become economically viable, have a plan, work out, get someone to dress you modestly, for God's sake, smell okay, shower, groom, all the shit. It is hard, and it's worth it. It's worth it. And the incel movement is nothing but a bunch of fucking grifters trying to give men the excuse that it isn't hard work and they should take some pride in, in being alone, and that it's not their fault, and they, they should blame immigrants for their economic problems and women for their romantic problems. Bullshit. It's always been hard. And guess what? Like, anything that's really hard, it's worth it. Phew. But again, it sounds like you have a nice

• 23:28Scott Galloway?

  relationship with your mother, and I very much appreciate the question and the fact that you're even watching these programs and dialing in with such a thoughtful question means, my brother, you're probably going to be just fine. But get out there. Get out there. Approach someone. Express friendship. Hey, do you want to grab a game? Express romantic interest. You want to grab coffee? And this is what you're going to get most of the time. No. And guess what? You're going to be fine, and so are they. And that's the key to success. The key to success. You're listening to someone right now? The most common word I have ever experienced is no. And guess what? That's how I got to great fucking yeses. Get to no. Thanks for the question.

• 24:08Scott Galloway?

  That's all for this episode. If you'd like to submit a question, please email a voice recording to [email protected]. Again, that's [email protected]. Or if you prefer to ask on Reddit, just post your question on the Scott Galloway subreddit, and we might feature it in an upcoming episode.

• 24:27Scott Galloway?

  This episode was produced by Jennifer Sanchez and Laura Janer. Kami Rique is our social producer. Brad Williams is our editor. And Drew Burrows is our technical director. Thank you for listening to the Prop G Pod from Prop G Media.