Gavin Newsom is out with a new pitch, and Larry says it's really an audition for the socialist wing of the Democratic Party. First up: Newsom blames homelessness on "red tape" that blocks new construction — Larry breaks down why it's actually cost, not lack of building, driving the crisis. Then Newsom goes after wealth inequality and Elon Musk in language that echoes Hugo Chavez, prompting a closer look at why Musk really left California (hint: it's not just taxes). Finally, Larry unpacks Newsom's new favorite phrase, "democratize the economy," and explains why it's just socialism with a fresh coat of paint.
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