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EE Ed Elson Ed Elson Co-Host of Prof G Markets and author of Simply Put.

“This is the first time in American history that regular people have held leverage over Silicon Valley. … Not once have they been afforded the opportunity to tell Silicon Valley no. That is until now. Because now, big tech's mission happens to converge with an unusually stringent legal procedure known as land use regulation. And the reality is, if they want to do what they want to do, they now have to ask Americans for permission.”

Prof G Markets · Money & Markets · November 2026

“This is the first time in American history that regular people have held leverage over Silicon Valley. … Not once have they been afforded the opportunity to tell Silicon Valley no. That is until now. Because now, big tech's mission happens to converge with an unusually stringent legal procedure known as land use regulation. And the reality is, if they want to do what they want to do, they now have to ask Americans for permission.” — Ed Elson, Prof G Markets

Context

In his closing take, Ed Elson argues the data center ballot losses matter beyond the debate over power bills and jobs. Physical infrastructure needs local permission, which he says gives ordinary people their first real check on big tech.

Transcript

Prof G Markets Around 35:33 into the episode
Speaker 1

Robert Armstrong is U.S. financial commentator for the Financial Times and author of the unhedged newsletter. Rob, always appreciate your time.

Speaker 4

Thanks for having me. This was great.

Speaker 1

…level of societal control. And most importantly, they have also been powerless to big tech's abuse of that power. Despite the many harms that big tech has been responsible for, no one in America has ever been able to do anything about it. They bought our politics, they bribed our leaders, they skirted around the law. And not once have the American people been given a say in all of this. Not once have they been afforded the opportunity to tell Silicon Valley no. That is until now. Because now, big tech's mission happens to converge with an unusually stringent legal procedure known as land use regulation. And the reality is, if they want to do what they want to do, they now have to ask Americans for permission. And last week, the American people's answer was plain and simple. The answer was no. This is a dramatic shift in societal power. This is a dynamic that Silicon Valley has actually never experienced before. They got too comfortable in the wild west of digital services where regulation was scant and where permission didn't really exist. But now they're operating in the physical world where laws…

Speaker 2

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Speaker 3

Life is all about making decisions. Sometimes you make questionable ones. Like buying a new TV that's too big for the wall because the electronic store employee was a little too good at their job. Then sometimes you make great ones, like protecting your home and auto with progressive. You get…

Speaker 4

The Secret Society of Semi-Homemade? Listen up. Sam's Club has pre-made dishes for a Thanksgiving feast that's ready in two hours, all while tasting suspiciously homemade. Come join us, Sam's Club. Individual oven times may vary.

Speaker names come from our own diarization. The position is estimated from where the line sits in the episode.

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