Tech
Why U.S. Presidents Can’t Win The War On Drugs
Since 1971, America has spent over a trillion dollars fighting the war on drugs started by President Nixon. But the national attitude towards drug use and abuse has changed. Marijuana has been legalized in 15 states and Washington D.C. Meanwhile, drug use and overdose death rates are rising with the opioid crisis. And the U.S. has locked up more people in prison than ever; one in five of the almost 2.3 million incarcerated people are behind bars for a drug offense. So did the war on drugs work? Did the U.S. win the war on drugs? Watch the video to find out.
This June marks the 50th anniversary of the war on drugs, an ongoing campaign that has to a large extent reshaped American politics, society and the economy.
″[The goals of the war on drugs] were to literally eradicate all of the social, economic and health ills associated with drugs and drug abuse,” said Christopher Coyne, professor of economics at George Mason University. “It doesn’t get much more ambitious than that.”
Since 1971, America has spent over a trillion dollars enforcing its drug policy, according to research from the University of Pennsylvania. Yet many observers, both liberal and conservative, say the war on drugs has not paid off.
The campaign, launched by President Richard Nixon, has spanned multiple administrations and led to the creation of a dedicated federal agency, the Drug Enforcement Administration.
Law enforcement was given an unprecedented level of authority with measures like mandatory sentencing and no-knock warrants, recently reevaluated after the death of Breonna Taylor, who was shot and killed by police in a botched drug raid.
“The drug war is a failed policy and the things that they said would happen — people would stop using drugs, communities would get back together, we’d be safe, they’d get drugs off the street — those things didn’t happen,” said Kassandra Frederique, executive director at the Drug Policy Alliance, a national nonprofit that works to end the war on drugs.
Despite a steep decline in illicit drug usage in the earlier years, drug use in the U.S. is climbing again and more quickly than ever. According to the Substance Abuse and Mental Health Services Administration, the number of illicit drug users rose to 13% of Americans 12 years or older in 2019, nearly reaching its peak from 40 years ago. If the goal of the war on drugs was to decrease drug usage and prevent drug-related deaths, it hasn’t made much progress.
“We are still in the midst of the most devastating drug epidemic in U.S. history,” according to Vanda Felbab-Brown, senior fellow at the Center for Security, Strategy, and Technology at Brookings Institution. In 2020, overdose deaths in the United States exceeded 90,000, compared with 70,630 in 2019, according to research from the Commonwealth Fund.
Yet, the federal government is spending more money than ever to enforce drug policies. In 1981, the federal budget for drug abuse prevention and control was just over a billion dollars. By 2020, that number had grown to $34.6 billion. When adjusted for inflation, CNBC found that it translates to a 1,090% increase in just 39 years.
According to the White House, the national drug control budget is estimated to hit a historic level of $41 billion by 2022. The largest increases in funding are requested to support drug treatment and drug prevention.
“In the overall scheme of how much the U.S. government spends, it’s not a huge amount,” said Coyne. “The bigger issue is that there’s a burden from an economic perspective because when you make something illegal, it has a series of consequences that affect all areas of life.”
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Did The War On Drugs Work?
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Nvidia is facing the biggest crisis in its 33 year history, with founder Jensen Huang resigning as CEO Thursday after admitting to having an affair with alleged Chinese spy Alice Huang, and accusations of two more affairs with employees inside his company. Now CFO Colette Kress has taken the helm as Nvidia’s interim CEO.
The implications of Jensen Huang’s affair with Alice Huang run far deeper than infidelity because her ties to Nvidia customer Megaspeed put her in the middle of a sprawling effort to accumulate AI chips across Southeast Asia. And Megaspeed is under investigation for possibly diverting restricted Nvidia chips into the hands of Chinese companies.
The relationship between Jensen Huang and Alice Huang dates back to 2023, according to The New York Times. It was a “turbulent” time for Nvidia, Jensen Huang told CNBC during an interview at the time, as the company navigated the first in a series of strict export controls the Biden administration placed on sending its most advanced chips to China.
On that same day we interviewed Jensen Huang in 2023, we also interviewed Huang’s direct report Kimberly Powell, Nvidia’s vice president of healthcare, with whom Jensen Huang is accused of having an affair.
Three years later, the long-time Nvidia CEO and founder has resigned, and CNBC takes a look back at our interviews with Jensen Huang and other Nvidia executives to get a clear picture of where Nvidia stands today, and all it stands to lose.
Chapters:
0:00 Introduction
3:10 Before the fall of Jensen Huang
10:02 ChatGPT boom to China bans
13:45 China and other risks
Producer and Reporter: Katie Tarasov
Edited by: Erin Black
Camera: Andrew Evers
Senior Director of Video: Jeniece Pettitt
Animation: Jason Reginato, Emily Park
Additional Footage: AMD, Getty Images, ImageNet, Intel, MoMA, Nintendo, Nvidia, Stanford University, TSMC
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Nvidia In Crisis: The Rise Of Jensen Huang’s Empire At The Center Of The AI Boom
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A company that has its hands in nearly every industry & touches the tech from your phone to your home. But there’s another catalyst that has Jim Cramer excited.
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FLEX CEO: An Innovation Powerhouse | Mad Money | CNBC
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Anthropic began its journey as an under-the-radar research lab founded in 2021 by seven former OpenAI employees. Now, the company is poised to launch an historic public debut that could set the tone for the AI trade in 2027 and test investors’ appetite for an entirely new asset class. The company that brought the world Claude reported more than $33 billion in revenue for the first nine months of 2026 in its updated IPO prospectus, but also disclosed nearly $900 billion in compute and infrastructure commitments and 90-plus pages of potential risks. CNBC explores Anthropic’s rapid rise, its rivalry with OpenAI and its clash with the Pentagon, and what its public debut could mean for the AI trade.
Chapters:
0:00 Introduction
0:32 – 1:51 Origins
1:52 – 4:16 The focus on enterprise
4:17 – 6:17 Risk Factors
Produced by: Drew Troast
Technology Correspondent: Kate Rooney
Edited by: Matt Soto
Animation: Mallory Brandan, Jason Reginato
Senior Director of Video: Jeniece Pettitt
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Anthropic’s Rise: What To Know Before The IPO
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Automakers are increasingly using 3D-printed car parts. In a process called additive manufacturing, printers create objects from a digital design by layering materials like plastic, carbon and metal. This process can produce a wide range of items from motors and steering wheels to assembly tools. Watch the video to learn more about how car companies are using 3D printers to enhance production.
Producing and Camera by: Michael Wayland
Edited by: Ryan Baker
Senior Managing Producer: Tala Hadavi
Additional Footage: Ford, Rivian, Getty Images
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How 3D Printing Is Saving Auto Makers Millions
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Watch updates on major stock market averages and tech stocks as trade talks progress on between the U.S., Canada and Mexico.
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CNBC live price updates: Markets, trade talks and tech stocks — Wednesday, Aug. 29 2018 | CNBC
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