Scott Galloway On Finances

By Leo Gura - April 14, 2024

You can learn a lot from Scott Galloway about managing your finances.

But also notice, even though Galloway has a lot of wisdom and experience to share in the financial domain, fundamentally his relationship to money is dysfunctional and corrupt. He has 4 mansions and over a $100 million dollar net worth, yet he still feels financially insecure. Are you kidding me?! How the fuck is everybody else in the world supposed to survive and thrive? The way Galloway acquires that money is through all sorts of excessive capitalistic manipulations, backroom deals, and special tax breaks. This is the reality of the corrupt nature of capitalism and investing. It’s like an addiction and it causes great harm to society even though the people doing it — like Scott Galloway — are otherwise kind, decent, empathetic people. But they just get sucked into this culture of capitalism and they cannot stop themselves because they would lose their sense of purpose and meaning. They wouldn’t know what to do with themselves. So this is nothing to aspire to.

How many homes, how many hundreds of millions do you need to hoard? How much wealth do you need to extract from workers, customers, and creatives? Galloway’s wealth is coming from somewhere, and it ain’t from the hours he worked or the amazing things he’s created. He didn’t create $100 million worth of new things. This kind of relationship with money is distorting and corrupting society. And it’s considered completely normal, acceptable, and even aspiration in the circles that Galloway runs in, and the people who follow his YT channel.

What’s most disturbing about listening to Galloway is that he’s otherwise so intelligent, wise, and caring, but even that is not enough to get him to stop these exploitative, manipulative capitalistic games. It’s not like Galloway is a ruthless, careless Wall Street wolf. But he still effectively makes his money as those Wall Street wolves do. That’s how sick and addictive this game is.

What I want you to understand is that people who corrupt the system are so steeped in the corruption that they consider themselves the good guys, the average Joe just trying to make it. A guy with a $100 million dollars is sitting there thinking that he’s the little guy just trying to make in the world against “the man”. No! You are the corruption, with all your polite manners and caring personality! That’s how difficult this issue is. There’s so much of this kind of bullshit within the financial world. It’s an utterly corrupt culture these people swim in. And I say this as someone who likes Scott Galloway as a person. He’s not a bad guy. He’s just immersed in a culture of systemic corruption and exploitation.

People who turn the pursuit of money into a career have a lot in common with people who turn sex into a career. Your career should not be about making money, it should be about creating great things. That is a big difference. People who purely pursue maximization of money corrupt and distort society in many gross and subtle ways, from the way they lobby the government, bribe politicians, pervert the tax code, hoard up real estate and drive up prices, bribe universities on behalf of their children, etc.

As I’ve said elsewhere, The way humans acquire and distribute wealth in our society is monstrously unconscious.

If you have $5+ million dollars and 2+ mansions and you still feel financially insecure, you need to close down your brokerage account and go to therapy.

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