When Billionaires Go Rogue

The Warner Bros. deal could decimate the film industry in California, and yet almost no state-level politicians have spoken out about it. Today on the show, Matt and David talk to a California gubernatorial candidate who has vocally opposed the deal: Tom Steyer. Tom is a former financier, 2020 presidential candidate, and billionaire, who happens to be the most vocally anti-monopoly candidate in the race. Tom's background in business and personal wealth makes him an unusual candidate, but it also gives him a sense of how money and competition work than most candidates with anti-monopoly policies. We talk with him about why he opposes the Warner Bros. deal, how to reign in utility boards, housing regulation, and what, exactly, "affordability" means. This is our last regular episode of Organized Money for 2025, but we'll have a special episode recorded live for you next week, and see you again in the new year.