Interview · moment 9 of 28
Tech Oligarchs' Implicit Bargain and Losing to China on AI and TikTok
from Steve Bannon Emergency Podcast | The Tim Dillon Show #433 · #433
4 min
Guest
Bannon describes an implicit deal where Silicon Valley got antitrust immunity in exchange for maintaining tech supremacy, but argues the US has lost ground to China on both social media (TikTok) and AI (DeepSeek).
- Tech industry is moving in to own the government, similar to how financial industry already does.
- Obama's 2008 campaign discovered social media's power at a San Francisco airport meeting with Facebook.
- Government made an implicit bargain with tech oligarchs: no antitrust enforcement in exchange for commanding the algorithmic age.
- The U.S. has lost on both fronts—American social media is cumbersome compared to TikTok's sophistication.
- China runs a less addictive version of TikTok domestically while deploying a far more lethal version in the West.
- DeepSeek represents a potential Sputnik moment: China's AI uses a totally different approach than the U.S. mass machine learning theory.
- The U.S. surrendered the commanding heights in the two key technologies of the algorithmic age through the failed bargain.
- Amazon destroyed half of small business in America by flooding the market with Chinese Communist Party products with no competition to stop it.
TikTokAmazonHank PaulsonGoogleFacebookBarack ObamaBill Clintonprivate equity