YouSaid · the spoken record

Steve Schwarzman

lines on the record: 90
first: 2019-09-18
most recent: 2019-09-18
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“But it is Well, there are a few really great areas. I think all kinds of areas of tech are really interesting. I still believe that finance is a fascinating business because they keep printing more and more money all over the world. And so that gives you opportunities, the entertainment business, even though the structure of the companies is changing and where the profit is. The desire for experiences and what I guess you would call in the greatest sense software, it seems to be insatiable and it's global. And I think that's... That's very interesting area. So, anyhow, I appreciate you.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“What are you going to do? Drop Med Airport. I know, I agree. I mean, come on. Let's be practical here. All right, okay. All right, I won't give you too much time on it. But to me, it's indicative of an innovative culture, like an open culture is an innovative culture. You can almost, there's been several books about this, what creates the most innovative cultures and all the elements that lead to great innovation. And it's called the geography of innovation. I think that's the name of the book. And then there's exactly the same things that bring it down, like fear and intolerance and partisanship is the things that kill the things that are great about it. And then anyway, it's fairly interesting to see if we have an overall moot in this country. Last question. If you were right now 20 years old, you're like 25 now, what would you do? What job, what opportunity would you go towards?”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“This ridiculous politics. Yeah. And nobody's going to deport them, basically, because they have nowhere to go and they're kids. So this one to me, I mean, what are you going to do? Drop Med Air Force. I know, I agree. I mean, come on. Let's be practical here. And so, you know, finding their way to a good situation, I think, is very important. And, you know, they were raised as Americans and they were brought here. And so, you know, I think that something in that area makes a lot of sense. And I just gave a major donation actually two days ago to help facilitate some of their registrations and so forth. But I can't solve all problems for you. I could design things. All right. Okay.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“Just so you know, I'm just premising another group says you shouldn't have open borders, very hard to make a deal. But I'm not a politician. I'm just a business guy. I'm also a person. And I can design something, but it's got to have enough constituency on both sides.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“I don't think it's that hard to settle. We almost settled this, you know, A plan about, I think it was about three or four years ago. It was just about there. Know there are a lot of different ways you can settle this. You have to make sure your assumptions are in line to make any kind of deal. If one group thinks there should be open borders and anybody can enter the United States.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“Talented people, and what we've managed to do with a philosophy that just doesn't address an immediate issue, but bundles it up. With like five other major issues, that in this 15 year period, at least I've been looking at this, we've created a monster and huge job creation outside the United States for purely political reasons. I look at this just as a practical person. And say, why would a country ever do this? We shouldn't. We should fix this. You know, as a first step, there are all kinds of other things that, you know, should be addressed in this area. And, you know, we should talk a long time. No, exactly.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“I think one of the reasons why is because you have to have an overall respect for immigration in general, because you don't know where that talented person, there could be a talented little girl on the border with Mexico right now who could invent blank. You don't know.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“Highly qualified people. There's not much disagreement between the two parties on that. But the Democrats, and I started working on this unsuccessfully. 15 years ago, they will not decouple the H1B immigration issue from all other issues. By not doing that, you deny these very talented people staying in the United States, they go back to China. They go to India. They are our competitors. We've educated them. And we haven't let them stay. To me, this is completely nonsensical.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“Okay, so what does that say? It was the same when you had nuclear power. The scientists came mostly from Germany after World War II, that it's essential that we open our borders for those type of”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“No, I'm saying for the good of society because when you let in talented people And I guess I forget the exact statistic you can tell me. The number of large tech companies that had at least one of their two founders that are foreign.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“Leave the border out for a start. I don't know how you can tell me. No, but you started asking me about tech and so forth. It is very easy to fix the H1B.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“Right. So, last thing I want to talk about something that's also important to tech, which is immigration. It's been another divider. One of the things that I thought was really surprising was how little talked about that, even though most of the founders of the tech companies are all immigrants, first time immigrants, first generation immigrants. How does that issue get settled? The appalling things that are happening at the border, or talk about divisive. It's pretty.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“You can play out delivery. So we look for things like this all over, and then we look for certain things That are more structural when a large company is selling something that hadn't really been independent. Often those smaller businesses don't get as much attention. And so it's a lot easier to fix those and make them work right. There's never a shortage of things to invest in.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“Get their product to their customer. So just doing something as simple, I think we were the largest purchaser of warehouses in the world over the last eight years. Because once you realize you have a trend like that, deliver.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“You know, we own theme parks and things like that. People want experiences. They will pay for experiences more than they will pay for things. They will move to cities as opposed to in the suburbs. They will live in smaller places, not as elegant in cities for the opportunity to experience the good things that cities can bring them. I live in New York and whether it's Broadway or the Philharmonic or the myriad of the great museums. People will downscale their lives to go and do that. So we've done an amazingly good job making money, buying something as pedestrian as warehouses. Why? Because this is how the internet and Amazon and the other great retailers.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“Well, the world keeps changing. So if you look at interesting opportunities, tech in different parts of tech, of course have huge opportunities, people's experiences, live entertainment.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“So, I want to finish up, Leslie, but how again the idea, you know, I think a lot of people are weary. A lot of people are tired. They feel cynical and angry, all kinds of things on every single side feels that way. There's almost no commonality among groups. And everyone has to sort of go in their corners. If you had to think about where the growth is going to be as a person who's an investor, just as a pure investor, where do you see the growth happening? You can have growth that happens on the backs of people, or you can have growth that happens with more of an idea of a larger societal impact.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“Hired them when they were sophomores and juniors. People in the business community weren't like evil. And now our pool of female applicants is way up. We've increased from 15% to 40% our entry-level people who are women who are terrific, but were scared to basically apply before. So we're addressing all these issues. The business community at the big end, like the business roundtable companies, everybody works on these issues because we want a better society. And we also want to make a lot of profit because that's what we're set up to do. But you can't do that at the expense of unbalancing things. And even some of this stuff, like energy conservation, what we found is we can do things very cheaply in certain areas that have huge returns and are great for the environment. And so we all have departments”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“So, when we sit and make decisions, we're aware that we're part of an integrated system. And if we don't do the right things for all of our constituencies, then things aren't going to work well. I mean, just even from a self-interest point of view, you have to treat everyone with dignity. You need to be diverse. You need to do that. You actually need to go out and recruit and train. And so, you know, we've taken women, for example, who were very slow going into finance for reasons. We went to universities and”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“But you know, what's interesting about the BRT stuff Almost all of us don't need the BRT definitions. All of us Blackstone is one of the best places to work in the United States according to surveys. We take care of our community. We committed to the Obamas to hire 50,000 veterans. We have like three quarters actually it's about 80% of our people spend time volunteering on work time. We do all kinds of things for our employees and they're very high paid. They get continual education. People seldom ever leave.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“What were being governed by it at this point? New territory. So, how do you come back from that? You know, here you are talking about these sort of eternal ideas of our country that are sort of going through a ringer that they've never been through. And you have to sort of wonder how you then get back to, I guess, norms with some people wasn't normal. For others, it was better, you know, and everybody feels like, you know, I think I was fascinated. That's why I was fascinated by this business roundtable idea that you can start to talk about a commonality of a country.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“No, not what you say to them, but as a leader saying these things does create on top of it creates more. And I understand you could say it's a reaction to a reaction of a reaction of reaction. But at some point, someone is the president of the United States of all the people at the same time. So how do you get back to that idea? Or is it impossible, given he gets on Twitter and then someone gets on Twitter? It's fascinating the use of Twitter and all this.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“I think these are all really sort of exceptionally important issues and they will be addressed because they have to be addressed. And whether it gets addressed in the short term or it takes longer, I think these are imperatives that the society will find a way. Typically the way things work is you have a crisis of some type which gets changes or it gets so bad that there becomes somebody who can bring both sides together or somebody changes their behavior and they bring both sides together at the moment. That's difficult to see on either side at the moment, and things change. America's dynamic.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“You can call up people and make a difference. What happens from your perspective? Because I think the point is you have to get people to have a commonality that doesn't exist anymore in order to move forward on issues, whatever their challenging issues around AI or whether they're challenging issues around income inequality or insufficiency as you call it, or climate change or a wide range of things that are clearly important issues to work as a group together.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“Well, I don't know how to unpack this. Right? I mean, I'm just a person. I see all this stuff like you do. You can call up people and make a difference. I can call people. I can try and make a difference. But the society is so divided now. It's really unprecedented in my life. And it's totally dysfunctional and bad for the country.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“How do you assess then some of these statements that are really, you know, I think what's interesting about the business community that I find when I talk to them is that they kind of want to have an a la carte. I like this part, but I don't like the racism part. Some of this stuff is also unprecedented. These statements are unprecedented. I think there were six today alone. I forget what King of Israel, whatever the heck, whatever the daily crazy tweet is. It creates a situation where it's very that he's walking right into what you're saying happened to him and reinforcing what people think.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“No, I think it's everybody's fault, but I've never seen. A situation where you elected a president and he was opposed before he ever started. This is actually new stuff. This has never happened. And I'm...”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“Well, I think part of it comes from the financial crisis. Part of it. Started as early as I think 2010 when the previous administration was so angry at The business community, they were attacked all the time, and there was a lot of attacking. That went on, which was unprecedented from my perspective, in the olden days we had Nixon who didn't like hippies. But, you know, this really escalated in the previous administration. And then I think the fact that Donald Trump was elected president was such a shock to everybody that His presidency started with opposition from the Democrats before he ever took office. And it's just escalated.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“I think it takes leadership from the top It takes some good programs where people can agree that it's going to move everybody in society forward. I've never seen such divisiveness.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“Have somebody looking out for each one of the children. And that, I think, would make a big difference. You also have some other things you can do where the business community, much like Germany, can basically adopt schools and train people for real jobs so that when people come out of high school, they have a place to go with a company that really wants them. So there are a whole variety of things that are very easy to do to help turn the corner on education.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“People from the greatest generation, as Tom Brogaw would call it, who learned how to read, learned how to write, learned math skills, because we all did then. And have them in each classroom. As mentors, assistant teachers, you'd barely have to pay them anything because they're mostly retired and people looking for something to do. So instead of one teacher for whatever the number is, 30 children. You know, you could have five Can have six. You can isolate and transmit values.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“And I wouldn't be where I was without the education that I got. I went to public schools and I got really sort of a pretty amazing change for me. So I think that change is very important. Another thing that I would do is I would take the older people, my generation. I don't feel old, but apparently that's what the scoreboard says. And I would have four or five.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“Because not of current tax policy, which is highly progressive, unlike what people tend to say as slogans, that you have to educate people. And to do that, there are a number of things that have to change. One of them is teachers. And teachers are pretty poorly paid. You see these demonstrations on television and strikes. And so I think we need to get teachers in a position where they can attract sort of very high quality people. One way to do that. It is to make teachers the only tax exempt occupation in the United States. And that would give them a very large boost in income just the day you did it. But the second benefit is that they would be marked apart. Has a prestige institution. When I was young, teachers were a big deal.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“I think in the business community, it's pretty widely understood that this has to happen. Some people would say $15 in New York is a lot different than $15 in Wichita, and there needs to be adjustments, and you don't do it one day because you're not trying to disrupt everything. I think it's really important to have more money. For these people who are hurting. The second thing we have to do is change the education system. If you don't change it, this is going to get worse.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“Get that done. There are other ways to do it, but this is a good way because it encourages work. And once you're working, people stay working. Right. If you're not, and just have transfer payments, then you don't have the incentive.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“So, why doesn't this happen? I mean, you're saying it's a tax on business. Some people could say these people contribute to the business community and should be paid more, just simply earn a living wage. And the business community profits have never been higher. Wealth has never been higher. Stock market has never been higher.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“So it's just a question of how you get that to them. I think a really good way is to increase the minimum wage to $15 because it doesn't just affect the 15% of people who are on minimum wage. What happens is you can't be paying sort of entry-level people one level and the people who work for you less. So basically it affects 40%. Of the workforce. And so forcing up those wages, which is in effect a tax on the business community, is necessary and a good thing.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“Who was the year of the president? But go ahead. Well, I try and think about stuff that would be good for society. Okay. So I think that if you have close to half of your country that can't write a $400 check, they need more money.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“The economic world is changing. It's moving, as you know, into a knowledge economy. Most people don't know that two thirds of the workforce in the United States as a high school education or less. Those people are not prepared for the modern world and the people who are graduating as a rule in that group are not themselves being as well prepared as they should. So if two-thirds of your workforce Is basically not up for it. It's not the business community that created that. This is a political problem. People have to have different preparation. The business community can help retrain them, but this is a problem of education. And that's got to be changed. It's not a problem of income inequality. It's a problem of income insufficiency.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“I'm Well, they've got other plans for this society. Whereas the people on the right don't economically. The reason they feel this way is that the world is changing.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“That they're being pushed down further with stagnant wages, with huge salaries. You yourself have a large salary, that there has to be changes in the way business has a relationship with society at large. And I think I see it in tech because people feel that they're responsible for some of the problems that are having, whether it's a murder is broadcast on these tools and not stopped and creates a real problem in society. So I see it from a tech point of view, you can see the damage, but I think a lot of people feel that they are not getting the share that they own or the care that they have that they should have in society. I'm not so sure it's just people on the left yelling enough is enough.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“Signaled. Well, let me push back on that. First of all, most of the populism is going on the other side, and a lot of the fear-mongering is happening on the right side, especially it's frightening to a lot of people. So one of the things that I think is a”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“Pretty desperate. We've had, I guess, two years ago, the Federal Reserve measured The population and 40% of Americans couldn't write a $400 check in an emergency. And so when you think about that, that's really horrible. And that's got to be changed. But in the meanwhile, it's more convenient to like hate something. And so business is one of the entities that signaled. Let me push back.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“Well, I think, Kara, your visualization was quite good. I think there's a basic hostility at the moment generally towards almost every institution in society. Business is one of those institutions in the Democratic Party on the left. You have a lot of very strong and sort of unprecedented kind of views from an American history point of view, which has support because people are”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“It's just starting. Right. So let me get to the related issue just this week, the business roundtable put out a statement, which is put out before and then taken back. So it's gone back and forth. So where they suddenly decided that Milton Friedman is an asshole, essentially. Like, no more Milton Friedman, that profits shouldn't shareholders shouldn't be the only stakeholders. And I think they're calling them stakeholders now. I think that's the word they're using, which includes employees, which includes consumers, which includes society. You hang out with Jamie Diamond and the gang. So, why now? Are you all scared of like pitchforks or what's what precipitated this?”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“And there's nobody except perhaps the people selling certain products who wants that to happen. On the same time, the benefits for AI in particular are profound. And so that's why people are starting to talk and have meetings across the world and say, how do we make sense out of this without politicians overreacting? And also there has to be a peace for the media. Most media people, except someone like yourself, specialize in this area doesn't really understand what's going to be happening, not just what's happening now, but where this is going. And so typically the media overreacts. And then that creates an environment where it's hard to do sensible things from a regulatory perspective. What regulatory”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“In AI, people basically look at it from the ones I've talked to who say, geez, this technology can do a lot of remarkable things. We've got sort of concerns in the defense military area. Of autonomous war And where does that take us as a society? We've got the other work-oriented things where how many people are going to be displaced, how fast, what happens to those people, and what happens literally to a tax base. And what happens to humans in the greatest sense? As this type of technology can become artists and musicians and do those functions almost as well or in some cases better than humans. And so you have some philosophic questions and then you have practical ones. Is there some way to make sure That unemployment doesn't skyrocket”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“Well, it depends with the existing technologies or new technologies. And I don't think anybody knows what to do with the existing technologies and social media and sort of the dislocations. That occurs in the bullying and sort of attacking of people and suppression of free speech, just the opposite of what people thought was going to happen. So I haven't met anybody who knows what to do with that. On AI, which is really just sort of starting now compared to what it's going to be”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“So I'm going to get to workforce in a minute, but talk about that regulatory environment because the internet and technology has not been regulated at all. Since its start. It hasn't, except for one or two small things, and most of the regulation has been beneficial, like Section 230. In fact, it's been very beneficial to it. You know, as someone who's an investor, you obviously want to maximize your profits. And being involved in technology would have made all these people extraordinarily wealthy, including your investments and others. How do you look at what should happen to this industry as it's moving forward as someone who's been in investments for a while?”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT
“These aren't company people per se. These are more academics and people who are researchers. And so there's this fascinating thing going on around the world where I'm lucky enough because I'm visible. And I'm harmless. I'm not a technology person of people reaching out saying, I'm doing this. Can't we set up something? To inform governments. So if we want them to regulate something, we can do things voluntarily. Let's all talk together. And this is like a global. Kind of set of discussions, and how do we educate governments so that they do the right thing, not overreact, not interfere with progress, but modulate the excesses that would come from, for example, workforce.”
2019-09-18 · Decoder with Nilay Patel · Recode Decode: Blackstone CEO Steve Schwarzman · IDENTIFIED FROM THE TRANSCRIPT