1 00:00:04,796 --> 00:00:08,341 [Gianna] Twenty-six states         are likely to outlaw abortion 2 00:00:08,383 --> 00:00:11,678 if the Supreme Court                overturns Roe v. Wade. 3 00:00:11,720 --> 00:00:14,681 We're wondering                where these women are going. 4 00:00:14,723 --> 00:00:18,476 What it will do is do away              with safe abortion. 5 00:00:18,518 --> 00:00:19,853 [Gianna] And what about              the right to healthcare? 6 00:00:19,894 --> 00:00:21,354 Women's right to healthcare? 7 00:00:21,396 --> 00:00:22,981 Male or female or otherwise, 8 00:00:23,023 --> 00:00:26,818 there is no right to healthcare          in the Constitution, no. 9 00:00:26,860 --> 00:00:29,320 [Krishna] You pay your rent,        you pay your electricity bill, 10 00:00:29,362 --> 00:00:31,865 with money that you make              playing a video game. 11 00:00:31,906 --> 00:00:33,867 Every day, you play                for three to four hours? 12 00:00:33,908 --> 00:00:36,161 [Gabby] You're bringing                  ordinary people 13 00:00:36,202 --> 00:00:39,080 into the fastest-growing                 digital economy. 14 00:00:39,122 --> 00:00:41,374 [Jeff]                   2.8 million people own Axies; 15 00:00:41,416 --> 00:00:43,710 25% of them                   do not have bank accounts. 16 00:00:43,752 --> 00:00:46,880 Do you really think it's fun                for everyone? 17 00:00:48,131 --> 00:00:51,259 dramatic music 18 00:01:05,857 --> 00:01:08,902 [protestors shouting] 19 00:01:11,946 --> 00:01:16,326 [all] Our bodies! Our lives!             Our right to decide! 20 00:01:16,366 --> 00:01:20,205 Our bodies! Our lives!                Our right to decide! 21 00:01:20,246 --> 00:01:22,372 Our bodies! Our lives! 22 00:01:22,415 --> 00:01:24,250 Our right to decide! 23 00:01:24,292 --> 00:01:25,919 Our bodies... 24 00:01:25,960 --> 00:01:28,463 There are thousands of people        protesting across the country 25 00:01:28,505 --> 00:01:32,092 for their right to healthcare      and against outlawing abortion. 26 00:01:32,133 --> 00:01:34,719 I mean, the size               of these protests represents 27 00:01:34,761 --> 00:01:37,597 that a majority of Americans,                 around 61%, 28 00:01:37,639 --> 00:01:40,600 say that abortion              should be legal in some form. 29 00:01:40,642 --> 00:01:42,727 What many people fear                      right now 30 00:01:42,769 --> 00:01:45,313 is that the Supreme Court            will overturn Roe v. Wade, 31 00:01:45,355 --> 00:01:47,941 which protected women's                 right to abortion 32 00:01:47,982 --> 00:01:50,443 for the last 50 years. 33 00:01:50,485 --> 00:01:52,904 In early May,                    the unprecedented leak 34 00:01:52,946 --> 00:01:54,322 of a draft opinion 35 00:01:54,364 --> 00:01:57,075 signaled the court's intention              to overturn all 36 00:01:57,117 --> 00:01:58,993 or part of Roe v. Wade. 37 00:01:59,035 --> 00:02:01,412 The shock felt by millions               of American women 38 00:02:01,454 --> 00:02:03,623 underscores what could be                  a new reality 39 00:02:03,665 --> 00:02:06,543 in this country--                 zero federal protections 40 00:02:06,584 --> 00:02:08,419 for this kind of medical care. 41 00:02:08,461 --> 00:02:11,297 That would mean                   a total of 26 states, 42 00:02:11,339 --> 00:02:12,966 more than half the country, 43 00:02:13,007 --> 00:02:16,469 attempting to outlaw                 abortion overnight. 44 00:02:17,846 --> 00:02:19,556 Including Louisiana. 45 00:02:19,597 --> 00:02:22,559 dramatic music 46 00:02:23,685 --> 00:02:26,813 [phone rings] 47 00:02:26,855 --> 00:02:28,898 [Kathaleen] Hope Medical,               how may I help you? 48 00:02:28,940 --> 00:02:31,484 No, ma'am, unfortunately,               we are fully booked. 49 00:02:31,526 --> 00:02:32,819 There may be protesters 50 00:02:32,861 --> 00:02:34,320 out on the sidewalk                    when you arrive. 51 00:02:34,362 --> 00:02:37,198 If you see them, just ignore        them and come into the clinic. 52 00:02:37,240 --> 00:02:38,825 [Kathaleen]                    Yes, you can come here. 53 00:02:38,867 --> 00:02:41,161 Unfortunately,               we're fully booked right now. 54 00:02:41,202 --> 00:02:43,329 It's taking anywhere                from one to two weeks 55 00:02:43,371 --> 00:02:45,039 for us to reach out. 56 00:02:45,081 --> 00:02:46,666 [Gianna]                   Hope Medical Group for Women 57 00:02:46,708 --> 00:02:49,878 is the last place to terminate         a pregnancy in Louisiana. 58 00:02:49,919 --> 00:02:52,672 As surrounding states              have restricted abortion, 59 00:02:52,714 --> 00:02:56,176 staff here have seen                a roughly 70% increase 60 00:02:56,217 --> 00:02:58,553 in the number of women                coming in for care. 61 00:02:58,595 --> 00:03:01,806 Okay. You're welcome.                      Take care. 62 00:03:01,848 --> 00:03:03,141 [Gianna]                    Kathaleen Pittman has been 63 00:03:03,183 --> 00:03:05,435 running this clinic                     for 30 years. 64 00:03:05,476 --> 00:03:06,978 Hope Medical,                      this is Kathaleen. 65 00:03:07,020 --> 00:03:08,479 How may I help you? 66 00:03:10,565 --> 00:03:12,150 Do you ever have to                    turn women away? 67 00:03:12,192 --> 00:03:13,860 We are.                     We are turning women away. 68 00:03:13,902 --> 00:03:15,695 We're giving them numbers. 69 00:03:15,737 --> 00:03:19,365 We're referring them to,               you know, Colorado. 70 00:03:19,407 --> 00:03:21,534 We're on the phones every day.               People crying. 71 00:03:21,576 --> 00:03:23,995 I mean, you know, because           they can't get in anywhere. 72 00:03:24,037 --> 00:03:25,955 Do you think, in a few months, 73 00:03:25,997 --> 00:03:28,833 after 42 years of this clinic                 being open, 74 00:03:28,875 --> 00:03:30,376 you could be                     closing your doors? 75 00:03:30,418 --> 00:03:32,212 It's a distinct                     possibility, yes. 76 00:03:32,253 --> 00:03:35,340 I mean, I'm very afraid                   of that, yes. 77 00:03:35,381 --> 00:03:37,550 [Gianna]                    One in four American women 78 00:03:37,592 --> 00:03:39,719 will have an abortion                  in their lifetime. 79 00:03:39,761 --> 00:03:42,847 The women we spoke with             asked to remain anonymous. 80 00:03:42,889 --> 00:03:45,725 [patient] I can't physically, 81 00:03:45,767 --> 00:03:49,896 financially take care                   of another baby. 82 00:03:49,938 --> 00:03:51,606 [Gianna]                   This single mother of four, 83 00:03:51,648 --> 00:03:54,859 who works more than 70 hours           a week as a home nurse, 84 00:03:54,901 --> 00:03:58,571 drove three hours from Texas            to get to this clinic. 85 00:03:58,613 --> 00:04:00,323 [patient] I don't know                 what I'm gonna do 86 00:04:00,365 --> 00:04:01,824 to maintain this baby. 87 00:04:01,866 --> 00:04:02,951 You're at your limits. 88 00:04:02,992 --> 00:04:04,702 [patient]                        I'm at my limits. 89 00:04:04,744 --> 00:04:07,914 [patient] I'm already a mother,        so I know it's really hard. 90 00:04:07,956 --> 00:04:10,875 Financially, I'm not                 where I want to be, 91 00:04:10,917 --> 00:04:14,420 and I don't think I'd be able        to take care of another child, 92 00:04:14,462 --> 00:04:16,839 so I wouldn't want to bring            a child into this world 93 00:04:16,881 --> 00:04:18,967 that I couldn't take care of. 94 00:04:20,468 --> 00:04:22,052 To perform abortion violence 95 00:04:22,095 --> 00:04:24,555 on defenseless babies                   is unthinkable. 96 00:04:24,597 --> 00:04:26,182 Abortion is murder. 97 00:04:26,224 --> 00:04:27,600 We're gonna sign every piece 98 00:04:27,642 --> 00:04:29,602 of pro-life legislation                that hits our desk. 99 00:04:29,644 --> 00:04:31,229 [Gianna]                     Anti-abortion lawmakers 100 00:04:31,271 --> 00:04:35,608 have already introduced                546 bills this year. 101 00:04:35,650 --> 00:04:37,610 Some criminalize abortion. 102 00:04:37,652 --> 00:04:40,113 Others would make                  contraception illegal. 103 00:04:40,154 --> 00:04:43,116 And one would allow               individuals to sue anyone 104 00:04:43,157 --> 00:04:46,327 helping a woman cross state           lines to get an abortion. 105 00:04:49,205 --> 00:04:50,832 We're at the                    Oklahoma State Capitol 106 00:04:50,873 --> 00:04:52,959 to meet                     with Senator Nathan Dahm. 107 00:04:53,001 --> 00:04:56,296 He's authored some of the          strictest abortion legislation 108 00:04:56,337 --> 00:04:59,090 in the country,                which will force more women 109 00:04:59,132 --> 00:05:01,718 to carry out                 their unplanned pregnancies. 110 00:05:01,759 --> 00:05:03,344 What's clear is that these laws 111 00:05:03,386 --> 00:05:06,180 will create               an incredible financial burden. 112 00:05:06,222 --> 00:05:09,100 What's unclear               is who is gonna pay for this. 113 00:05:09,434 --> 00:05:12,854 Dahm has been pushing            to completely outlaw abortion, 114 00:05:12,895 --> 00:05:17,400 including in cases of rape             or incest, since 2016. 115 00:05:17,442 --> 00:05:20,111 His most recent law             makes it a felony for doctors 116 00:05:20,153 --> 00:05:22,155 to even attempt an abortion. 117 00:05:22,196 --> 00:05:24,157 They could face                 up to ten years in prison 118 00:05:24,198 --> 00:05:26,242 and a $100,000 fine. 119 00:05:32,206 --> 00:05:33,333 You're attacking this issue 120 00:05:33,374 --> 00:05:35,168 from multiple                    different angles here. 121 00:05:35,209 --> 00:05:37,795 How do these legislations               collectively compare 122 00:05:37,837 --> 00:05:39,505 to other laws in the country? 123 00:05:39,547 --> 00:05:43,009 My Senate bill 612                  is from conception, 124 00:05:43,051 --> 00:05:44,677 with the only exception           being the life of the mother. 125 00:05:44,719 --> 00:05:48,431 So I believe it is the most         pro-life piece of legislation 126 00:05:48,473 --> 00:05:50,850 in the country right now          that has been signed into law. 127 00:05:50,892 --> 00:05:53,644 So how much public funding         goes to these mothers in need? 128 00:05:53,686 --> 00:05:55,521 I don't have the statistics. 129 00:05:55,563 --> 00:05:57,482 I can get you                   those specific numbers. 130 00:05:57,523 --> 00:05:58,900 But like I said, 131 00:05:58,941 --> 00:06:00,193 there's not just public money               that goes to it. 132 00:06:00,234 --> 00:06:01,611 There's also                      private resources. 133 00:06:01,652 --> 00:06:03,738 Churches and nonprofits and                 those entities 134 00:06:03,780 --> 00:06:05,281 should be stepping up,                 and they should be 135 00:06:05,323 --> 00:06:08,701 the primary ones to do that             because they do better 136 00:06:08,743 --> 00:06:10,495 with resources                 than the government does. 137 00:06:10,536 --> 00:06:11,913 But I mean, I ask that               because you're saying 138 00:06:11,954 --> 00:06:13,164 that there's enough--                there's enough money, 139 00:06:13,206 --> 00:06:14,624 there are enough resources               for these mothers. 140 00:06:14,665 --> 00:06:16,876 But you don't know how much           public money goes to them? 141 00:06:16,918 --> 00:06:18,711 We haven't finalized              our budget for this year. 142 00:06:18,753 --> 00:06:20,629 I mean, every year,                  we do have a budget 143 00:06:20,671 --> 00:06:22,298 that we do allocate money                    for that. 144 00:06:22,340 --> 00:06:24,175 But knowing that you were                 gonna, you know, 145 00:06:24,217 --> 00:06:25,802 outlaw abortion this year, 146 00:06:25,843 --> 00:06:27,552 why not get that funding               in place last year? 147 00:06:27,595 --> 00:06:29,972 I mean, it's like you're             waiting for women to be 148 00:06:30,014 --> 00:06:33,309 in incredibly desperate         positions before you help them. 149 00:06:33,351 --> 00:06:35,478 No, we did not know                   any of these bills 150 00:06:35,520 --> 00:06:36,562 that were going to pass. 151 00:06:36,604 --> 00:06:37,855 Well, I knew                  I would be working on it, 152 00:06:37,897 --> 00:06:39,565 but in this                      legislative process, 153 00:06:39,607 --> 00:06:41,734 you never know what bill             will ultimately make it 154 00:06:41,776 --> 00:06:44,404 across the finish line. 155 00:06:44,445 --> 00:06:46,739 [Gianna] It's often in the           states outlawing abortion 156 00:06:46,781 --> 00:06:48,574 where it's hardest                   to raise a child. 157 00:06:48,616 --> 00:06:52,370 The Oklahoma legislature          allocated $3 million this year 158 00:06:52,412 --> 00:06:54,664 to what Dahm sees                    as the solution-- 159 00:06:54,705 --> 00:06:58,084 pregnancy resource centers,                    or PRCs, 160 00:06:58,126 --> 00:06:59,460 clinics that offer diapers 161 00:06:59,502 --> 00:07:01,754 and baby clothes                  along with counseling. 162 00:07:01,796 --> 00:07:04,006 That's enough for each mom                 who has a baby 163 00:07:04,048 --> 00:07:06,008 after an unintended pregnancy 164 00:07:06,050 --> 00:07:08,927 to receive one month's                 supply of diapers. 165 00:07:08,970 --> 00:07:10,388 It's not enough. 166 00:07:10,430 --> 00:07:12,849 Without additional support             from private funding, 167 00:07:12,890 --> 00:07:14,892 many American moms                    may not be able 168 00:07:14,934 --> 00:07:17,311 to afford food or housing. 169 00:07:21,023 --> 00:07:22,900 [Courtnie] Good.                It's better than cold gel. 170 00:07:25,445 --> 00:07:26,946 [Courtnie]                          Yeah. Yeah. 171 00:07:27,989 --> 00:07:29,449 Oh, my gosh. 172 00:07:33,077 --> 00:07:34,787 -Aww.                         -[Juli] You hear it? 173 00:07:34,829 --> 00:07:36,789 Yeah, I do hear it. 174 00:07:36,831 --> 00:07:39,083 [Gianna] Courtnie Barker              is 29 weeks pregnant. 175 00:07:39,125 --> 00:07:41,461 She's spent most of             her pregnancy at The Cottage, 176 00:07:41,502 --> 00:07:44,297 a PRC and maternity home               that dissuades women 177 00:07:44,338 --> 00:07:47,091 from getting abortions               by offering resources 178 00:07:47,133 --> 00:07:50,427 like regular meals,                housing, job placement, 179 00:07:50,470 --> 00:07:52,763 and parenting classes                   during pregnancy 180 00:07:52,805 --> 00:07:54,807 and a year postpartum. 181 00:07:54,849 --> 00:07:56,934 -Can't wait to see his face.           -He's gonna be so cute. 182 00:07:56,976 --> 00:07:58,728 [Juli]                   I know. It's gonna be awesome. 183 00:08:00,354 --> 00:08:03,149 Every new mom experiences                 a lot of stress. 184 00:08:03,191 --> 00:08:05,026 Is there anything                that's making you nervous? 185 00:08:05,067 --> 00:08:07,862 I've actually had a couple            of emotional breakdowns. 186 00:08:07,903 --> 00:08:11,324 But I'm doing better             than I would if I was alone. 187 00:08:14,702 --> 00:08:16,829 We're the second owners                 of this property, 188 00:08:16,871 --> 00:08:19,832 and we knew                     when we saw this place 189 00:08:19,874 --> 00:08:22,210 that this was gonna be                    The Cottage. 190 00:08:22,251 --> 00:08:23,503 [Gianna]                    The need for the services 191 00:08:23,544 --> 00:08:25,213 Juli Merciez's program                      provides 192 00:08:25,254 --> 00:08:28,341 will likely                     increase dramatically. 193 00:08:28,382 --> 00:08:31,427 I know our legislators,             and I know their intention 194 00:08:31,469 --> 00:08:32,845 is to be 195 00:08:32,887 --> 00:08:35,223 the most pro-life state               in the United States. 196 00:08:35,264 --> 00:08:36,474 What does it mean for you all? 197 00:08:36,516 --> 00:08:37,934 You'll continue doing                  what you're doing, 198 00:08:37,975 --> 00:08:39,602 but I would imagine             there are gonna be more women 199 00:08:39,644 --> 00:08:42,438 that are gonna be saying,           "Hey, Juli, we need a bed." 200 00:08:42,480 --> 00:08:43,856 We need to be looking at, 201 00:08:43,898 --> 00:08:45,650 what does it look like                  a year from now? 202 00:08:45,691 --> 00:08:47,693 What does it look like               three years from now, 203 00:08:47,735 --> 00:08:51,447 as we have to say no or turn        someone away more frequently? 204 00:08:51,489 --> 00:08:54,116 What do we need to do,           in terms of raising the funds, 205 00:08:54,158 --> 00:08:55,535 building the facilities, 206 00:08:55,576 --> 00:08:57,703 being ready                  for the increase of numbers? 207 00:08:59,580 --> 00:09:02,208 [Courtnie] This is my room. 208 00:09:02,250 --> 00:09:05,461 I, like, made a little place          and put stuff everywhere. 209 00:09:05,503 --> 00:09:06,796 Does anyone live with you                   in here now? 210 00:09:06,837 --> 00:09:08,005 Not right now. 211 00:09:08,047 --> 00:09:10,174 Are these clothes                   for your little one? 212 00:09:10,216 --> 00:09:13,719 Yeah, this is probably               his first home outfit. 213 00:09:13,760 --> 00:09:15,721 I think it would be cute. 214 00:09:15,763 --> 00:09:16,889 [Gianna]                    In addition to the stress 215 00:09:16,931 --> 00:09:18,724 of her unplanned pregnancy, 216 00:09:18,766 --> 00:09:20,685 Courtnie recently                    hit rock bottom-- 217 00:09:20,726 --> 00:09:24,272 unemployed, homeless,            and struggling with addiction. 218 00:09:24,313 --> 00:09:26,816 She's now in recovery. 219 00:09:26,857 --> 00:09:29,777 What was it like when you           found out you were pregnant? 220 00:09:29,819 --> 00:09:33,114 It was really exciting,           and then it became more about, 221 00:09:33,155 --> 00:09:36,117 what am I gonna do                 to be self-supporting? 222 00:09:36,158 --> 00:09:38,035 When you learned                    you were pregnant, 223 00:09:38,077 --> 00:09:39,412 was there any part of you 224 00:09:39,453 --> 00:09:41,956 that considered                 terminating the pregnancy? 225 00:09:41,998 --> 00:09:43,499 Actually, there was. 226 00:09:43,541 --> 00:09:47,712 I mean, it's always been                     an idea, 227 00:09:47,753 --> 00:09:51,340 but I was really more                 looking at adoption. 228 00:09:51,382 --> 00:09:53,759 I was, like, sleeping             on a park bench a year ago, 229 00:09:53,801 --> 00:09:55,428 six months ago,                      and I want to be 230 00:09:55,469 --> 00:09:56,762 a soccer mom all of a sudden? 231 00:09:56,804 --> 00:09:59,765 Like, mentally,               that doesn't make sense to me. 232 00:09:59,807 --> 00:10:02,560 So there's just a lot              of emotional preparations. 233 00:10:02,602 --> 00:10:04,937 If you didn't have help             from these organizations, 234 00:10:04,979 --> 00:10:06,188 where would you be? 235 00:10:06,230 --> 00:10:08,858 I would be in a really              bad place, to be honest. 236 00:10:10,484 --> 00:10:12,028 [Gianna]                   Should this law take effect, 237 00:10:12,069 --> 00:10:14,905 thousands of women              may be forced to give birth. 238 00:10:14,947 --> 00:10:19,118 On average, The Cottage serves          just ten women a month. 239 00:10:19,160 --> 00:10:22,288 While important,                it's a drop in the bucket. 240 00:10:22,330 --> 00:10:25,291 As women bear the trauma          of this public health crisis, 241 00:10:25,333 --> 00:10:28,919 researchers say the economy            will also feel a shock. 242 00:10:28,961 --> 00:10:31,255 The Institute                 for Women's Policy Research 243 00:10:31,297 --> 00:10:34,508 found that state laws                like those in Oklahoma 244 00:10:34,550 --> 00:10:39,513 cost the country $105 billion            annually due to women 245 00:10:39,555 --> 00:10:42,016 leaving the workforce,                 reduced earnings, 246 00:10:42,058 --> 00:10:43,643 and time away from work. 247 00:10:43,684 --> 00:10:45,311 If these laws were lifted, 248 00:10:45,353 --> 00:10:50,274 an additional 505,000 women          would enter the labor force 249 00:10:50,316 --> 00:10:55,154 and earn about $3 billion           per year in taxable income. 250 00:10:55,196 --> 00:10:57,406 The economic effect                      is striking. 251 00:10:57,448 --> 00:11:00,409 I think if you don't know          anyone who's had an abortion, 252 00:11:00,451 --> 00:11:03,120 it's because nobody's told you       that they've had an abortion. 253 00:11:03,162 --> 00:11:05,998 And it's across                 all socioeconomic groups. 254 00:11:06,040 --> 00:11:07,958 [Gianna]                     Dr. Diana Greene Foster 255 00:11:08,000 --> 00:11:10,336 led the largest study to date                on the impact 256 00:11:10,378 --> 00:11:14,298 access to abortion has                 on people's lives. 257 00:11:14,340 --> 00:11:17,009 Women make up                    57% of the workforce, 258 00:11:17,051 --> 00:11:19,970 so what happens when they're        denied access to an abortion? 259 00:11:20,012 --> 00:11:22,848 What we see from our data          is that people who are denied 260 00:11:22,890 --> 00:11:26,477 an abortion have a sharp             increase in not working, 261 00:11:26,519 --> 00:11:28,646 a sharp decrease                 in full-time employment, 262 00:11:28,688 --> 00:11:32,358 and over 50%                are no longer working at all. 263 00:11:32,400 --> 00:11:35,903 So there'll be more families             trying to raise kids 264 00:11:35,945 --> 00:11:39,824 without enough resources to pay          for basic living needs. 265 00:11:39,865 --> 00:11:42,702 There's nothing good in that               for the economy. 266 00:11:42,743 --> 00:11:45,913 Thirty-six million women              live in the 26 states 267 00:11:45,955 --> 00:11:47,915 that will likely                     outlaw abortion. 268 00:11:47,957 --> 00:11:51,377 The scale of this is enormous,         and it just makes me think 269 00:11:51,419 --> 00:11:54,672 that, you know, all of us              will feel this impact. 270 00:11:54,714 --> 00:11:57,216 Yes, this will result                     in more kids 271 00:11:57,258 --> 00:11:58,926 being raised in poverty, 272 00:11:58,968 --> 00:12:02,888 more women dying                   of maternal causes. 273 00:12:02,930 --> 00:12:07,226 This is a long-term problem                   that we-- 274 00:12:07,268 --> 00:12:09,687 that will be largely                   hidden from us. 275 00:12:09,729 --> 00:12:11,188 There's no catching up. 276 00:12:11,230 --> 00:12:13,149 When you have a newborn baby 277 00:12:13,190 --> 00:12:14,900 that you don't have                    enough resources 278 00:12:14,942 --> 00:12:18,571 to take care of,              there's no making up for that. 279 00:12:18,612 --> 00:12:20,030 [protestors shouting] 280 00:12:20,072 --> 00:12:21,407 [Gianna] The Supreme Court                 will announce 281 00:12:21,449 --> 00:12:23,367 their decision by early July. 282 00:12:23,409 --> 00:12:26,412 Until then,                  millions of Americans brace 283 00:12:26,454 --> 00:12:28,497 for what could be the end                  of their right 284 00:12:28,539 --> 00:12:29,790 to a personal freedom. 285 00:12:48,768 --> 00:12:49,977 Let's go! 286 00:12:57,818 --> 00:13:00,696 suspenseful music 287 00:13:07,411 --> 00:13:09,121 [Krishna] So there's this             new kind of video game, 288 00:13:09,163 --> 00:13:11,957 and it pays people                   to play the game. 289 00:13:11,999 --> 00:13:13,793 And one of those games            we've heard really took off 290 00:13:13,834 --> 00:13:15,377 in this town                     in the Philippines. 291 00:13:15,419 --> 00:13:17,463 So we're to see                  how popular it really is 292 00:13:17,505 --> 00:13:18,964 and what it's doing                   to people's lives. 293 00:13:20,800 --> 00:13:22,718 [person]                     speaking native language 294 00:13:22,760 --> 00:13:23,885 You play Axie? 295 00:13:25,513 --> 00:13:26,931 [Krishna] You've got it              on your phone right now? 296 00:13:26,972 --> 00:13:28,224 You've got it too. 297 00:13:28,265 --> 00:13:30,100 Do you play Axie Infinity? 298 00:13:30,142 --> 00:13:33,604 speaking native language 299 00:13:33,646 --> 00:13:35,064 [Krishna] What do you make               more money doing? 300 00:13:35,105 --> 00:13:36,982 Selling slippers                     or playing Axie? 301 00:13:37,024 --> 00:13:38,651 Same. Interesting. Okay, cool. 302 00:13:38,692 --> 00:13:41,111 How many hours                   every day do you play? 303 00:13:41,153 --> 00:13:43,030 You play for three                     to four hours? 304 00:13:43,072 --> 00:13:44,323 Wow. 305 00:13:44,365 --> 00:13:45,991 And do all of your friends                   play also? 306 00:13:46,033 --> 00:13:47,076 Yeah. 307 00:13:48,077 --> 00:13:49,662 [Krishna] During the height                of the pandemic, 308 00:13:49,703 --> 00:13:52,832 when upwards of 4.5 million           Filipinos lost their jobs, 309 00:13:52,873 --> 00:13:55,042 word apparently got around             about a new video game 310 00:13:55,084 --> 00:13:56,710 called Axie Infinity, 311 00:13:56,752 --> 00:13:59,463 where you can make cash            by simply playing the game. 312 00:13:59,505 --> 00:14:03,551 Known as play-to-earn,           it became incredibly popular. 313 00:14:03,592 --> 00:14:07,388 speaking native language 314 00:14:11,392 --> 00:14:13,602 [Krishna]                   To play, you need to buy in, 315 00:14:13,644 --> 00:14:15,271 and it's not like buying                 a game cartridge 316 00:14:15,312 --> 00:14:16,689 or a piece of software. 317 00:14:16,730 --> 00:14:19,441 You gotta buy a team                of in-game characters. 318 00:14:19,483 --> 00:14:22,152 They're called Axies,               and each one is an NFT, 319 00:14:22,194 --> 00:14:23,779 or non-fungible token, 320 00:14:23,821 --> 00:14:26,699 which assigns ownership                 to digital assets. 321 00:14:26,740 --> 00:14:28,367 The reason you need                      to buy them 322 00:14:28,409 --> 00:14:30,786 is so you can fight               other players with Axies. 323 00:14:30,828 --> 00:14:32,663 And when you win,                    you get a reward, 324 00:14:32,705 --> 00:14:36,625 something called               Smooth Love Potion, or SLP. 325 00:14:36,667 --> 00:14:40,212 Do you earn                    the Smooth Love Potion? 326 00:14:40,254 --> 00:14:42,047 -Do you earn SLP?                          -Yes. 327 00:14:42,089 --> 00:14:43,716 Not bad. 328 00:14:43,757 --> 00:14:45,593 Here's the thing about SLP. 329 00:14:45,634 --> 00:14:47,219 It's not just points                     you rack up 330 00:14:47,261 --> 00:14:48,888 like in a regular video game. 331 00:14:48,929 --> 00:14:51,098 SLP is a cryptocurrency. 332 00:14:51,140 --> 00:14:53,434 You can spend it in the game              to buy more Axies 333 00:14:53,475 --> 00:14:55,769 or even breed new Axies. 334 00:14:55,811 --> 00:14:57,396 But crucially,                 just like you can exchange 335 00:14:57,438 --> 00:14:59,106 Bitcoin for real money, 336 00:14:59,148 --> 00:15:00,524 you can exchange SLP 337 00:15:00,566 --> 00:15:02,401 for cold, hard cash. 338 00:15:02,443 --> 00:15:03,861 -Do you play Axie?                         -Yeah. 339 00:15:03,903 --> 00:15:06,363 You do? You earn money? 340 00:15:06,405 --> 00:15:08,449 speaking native language 341 00:15:08,490 --> 00:15:09,783 [Krishna]                     You bought a motorcycle! 342 00:15:11,368 --> 00:15:14,413 speaking native language 343 00:15:19,793 --> 00:15:21,253 [Krishna]                   But because of a video game, 344 00:15:21,295 --> 00:15:24,131 you were able to move                  from a hut into... 345 00:15:25,799 --> 00:15:28,677 -You really leveled up.                       -Yes. 346 00:15:28,719 --> 00:15:31,764 speaking native language 347 00:15:32,890 --> 00:15:34,516 [Krishna]                And you use the money to, what, 348 00:15:34,558 --> 00:15:36,268 pay overhead for the bar? 349 00:15:36,310 --> 00:15:39,313 [owner]                      speaking native language 350 00:15:47,321 --> 00:15:49,615 [Krishna]                  A big reason why playing Axie 351 00:15:49,657 --> 00:15:51,951 worked out so well for some            in the Philippines was, 352 00:15:51,992 --> 00:15:53,786 they were early to it. 353 00:15:53,827 --> 00:15:57,164 Back in 2020 and 2021,              Axies were pretty cheap, 354 00:15:57,206 --> 00:16:00,125 and you could buy a solid team         for a few hundred dollars. 355 00:16:00,167 --> 00:16:01,669 There was a low barrier                      of entry 356 00:16:01,710 --> 00:16:03,754 and high return on your time. 357 00:16:03,796 --> 00:16:05,589 But when it took off                    in popularity, 358 00:16:05,631 --> 00:16:08,509 demand for Axies shot prices              through the roof. 359 00:16:08,550 --> 00:16:11,010 A competitive team of Axies              will cost you almost 360 00:16:11,053 --> 00:16:13,681 1,500 U.S. dollars these days. 361 00:16:13,722 --> 00:16:17,476 That gave rise to a new kind          of business--Axie rentals. 362 00:16:17,518 --> 00:16:19,687 Gabby Dizon was given a team                   of Axies 363 00:16:19,728 --> 00:16:22,982 as a gift a few years ago               and saw opportunity. 364 00:16:23,023 --> 00:16:25,442 So, you run, like,                  a rent-an-Axie shop. 365 00:16:25,484 --> 00:16:27,486 [laughs]                     You could call it that. 366 00:16:27,528 --> 00:16:29,279 We call it a                  play-to-earn gaming guild, 367 00:16:29,321 --> 00:16:31,448 called Yield Guild Games,                     or YGG. 368 00:16:31,490 --> 00:16:33,283 [Krishna]                       And how big are you? 369 00:16:33,325 --> 00:16:36,412 [Gabby] So the community's            over 100,000 people now, 370 00:16:36,453 --> 00:16:39,664 and the guild is now worth             a few billion dollars. 371 00:16:39,707 --> 00:16:41,165 [Krishna]                  Gabby's company gives players 372 00:16:41,208 --> 00:16:42,960 70% of their SLP winnings, 373 00:16:43,001 --> 00:16:44,502 and they train players                   to get better, 374 00:16:44,545 --> 00:16:47,006 win more battles,                    and get more SLP. 375 00:16:47,047 --> 00:16:50,092 speaking native language 376 00:16:52,135 --> 00:16:54,637 We're gonna be teaching                    to everyone 377 00:16:54,680 --> 00:16:56,515 what is                      the new functionalities. 378 00:16:56,557 --> 00:16:58,517 [Gabby] The education part                 is really key. 379 00:16:58,559 --> 00:17:00,519 You can't expect                     to just show up 380 00:17:00,561 --> 00:17:02,563 and be financially independent. 381 00:17:02,604 --> 00:17:04,565 It takes a process.                   It takes learning. 382 00:17:05,858 --> 00:17:08,902 Now we are offering a way             for people to take part 383 00:17:08,944 --> 00:17:11,530 of the fastest-growing                  digital economy. 384 00:17:11,572 --> 00:17:13,866 And that's incredibly                 valuable for people, 385 00:17:13,907 --> 00:17:15,993 especially in the                    developing world. 386 00:17:16,035 --> 00:17:19,538 You're bringing ordinary people          into the crypto economy, 387 00:17:19,580 --> 00:17:20,914 allowing them to earn, 388 00:17:20,956 --> 00:17:22,583 allowing them                     to become investors, 389 00:17:22,624 --> 00:17:25,753 without having them pay out         any money in the first place. 390 00:17:30,090 --> 00:17:31,884 [Krishna]                   Jonelle is a street vendor. 391 00:17:31,925 --> 00:17:34,678 He sells ice cream,               duck eggs, and pork skins. 392 00:17:34,720 --> 00:17:38,557 He started renting a team          of Axies from YGG in late 2021 393 00:17:38,599 --> 00:17:40,893 after hearing about people             making money from it. 394 00:17:40,934 --> 00:17:43,979 [Jonelle]                     speaking native language 395 00:17:50,110 --> 00:17:51,361 Like this. 396 00:17:51,403 --> 00:17:54,490 What does this video game                   mean to you? 397 00:17:56,575 --> 00:17:58,243 [Krishna] Do you think                 that Axie Infinity 398 00:17:58,285 --> 00:18:00,662 is a pathway                  for a better life for you? 399 00:18:01,622 --> 00:18:02,623 [Krishna] Yes? You think so? 400 00:18:04,583 --> 00:18:05,751 You're saving up for that? 401 00:18:08,087 --> 00:18:09,755 [Krishna] According to Axie's               parent company, 402 00:18:09,797 --> 00:18:12,591 41% of their player base            lives in the Philippines, 403 00:18:12,633 --> 00:18:16,345 a further 6% in Venezuela,              and 5% in Thailand-- 404 00:18:16,386 --> 00:18:18,555 countries with relatively                 weak currencies 405 00:18:18,597 --> 00:18:20,766 and low average income. 406 00:18:20,808 --> 00:18:22,893 While the short-term benefits                of a windfall 407 00:18:22,935 --> 00:18:25,187 of free cash are apparent,              critics charge that 408 00:18:25,229 --> 00:18:27,523 this could be a kind                of crypto colonialism, 409 00:18:27,564 --> 00:18:30,526 using economically desperate         people as a proof of concept 410 00:18:30,567 --> 00:18:33,362 for an unproven,               experimental economic system 411 00:18:33,403 --> 00:18:36,615 with no wage protection               and little regulation. 412 00:18:36,657 --> 00:18:39,243 Of course, the responsibility               is now massive. 413 00:18:39,284 --> 00:18:41,286 Because whenever                  our servers are down, 414 00:18:41,328 --> 00:18:43,622 players are literally not able            to feed themselves. 415 00:18:45,124 --> 00:18:46,792 [David]                        It's, like, bizarre, 416 00:18:46,834 --> 00:18:48,127 farcical science fiction 417 00:18:48,168 --> 00:18:50,087 about capitalism,                    except it's real. 418 00:18:50,129 --> 00:18:52,381 [Krishna] David Gerard            is an author and journalist 419 00:18:52,422 --> 00:18:54,424 who's been writing about              crypto-based economics 420 00:18:54,466 --> 00:18:56,051 for over a decade. 421 00:18:56,093 --> 00:19:00,806 The way Axie works is,              it creates magic beans, 422 00:19:00,848 --> 00:19:03,392 crypto tokens, out of thin air. 423 00:19:03,433 --> 00:19:05,686 What they're doing               is digital sharecropping. 424 00:19:05,727 --> 00:19:08,689 You get a poor farmer               who has nearly nothing. 425 00:19:08,730 --> 00:19:10,357 You own the land.                    You own the tools. 426 00:19:10,399 --> 00:19:11,942 You take the crops. 427 00:19:11,984 --> 00:19:14,027 You give them a bit of money          for doing the hard labor. 428 00:19:14,069 --> 00:19:17,573 They stay in poverty, but they          can make enough to live. 429 00:19:17,614 --> 00:19:21,118 The story was, we've got           a whole new economic model. 430 00:19:21,160 --> 00:19:23,704 This is the one weird trick 431 00:19:23,745 --> 00:19:25,831 that will let you                      get out ahead. 432 00:19:25,873 --> 00:19:28,000 That's the promise                   of cryptocurrency. 433 00:19:28,041 --> 00:19:30,752 So they get into Axie. 434 00:19:30,794 --> 00:19:34,464 They start tapping away,              grinding on the game. 435 00:19:34,506 --> 00:19:38,343 They can only make money           if other people get into it. 436 00:19:38,385 --> 00:19:42,097 It's like a pyramid scheme             based on their labor. 437 00:19:42,139 --> 00:19:44,016 Is this a predatory system? 438 00:19:44,057 --> 00:19:47,477 Because it's billed as a system            where everyone wins. 439 00:19:47,519 --> 00:19:50,147 It is mathematically impossible            for everyone to win, 440 00:19:50,189 --> 00:19:52,983 so yeah,                  that's the lie of a predator. 441 00:19:53,025 --> 00:19:54,818 [Krishna] SLP has dropped                in exchange value 442 00:19:54,860 --> 00:19:57,154 consistently since                  its peak last July. 443 00:19:57,196 --> 00:19:59,823 But that hasn't stopped            investors from betting big. 444 00:19:59,865 --> 00:20:01,158 Venture capitalists                      in the U.S. 445 00:20:01,200 --> 00:20:03,118 are sinking massive amounts                    of money 446 00:20:03,160 --> 00:20:05,454 into play-to-earn games                     like Axie. 447 00:20:05,495 --> 00:20:08,373 We went to a conference            in Los Angeles called NFTLA, 448 00:20:08,415 --> 00:20:10,667 where spirits were high. 449 00:20:10,709 --> 00:20:13,045 So this conference is bringing            together investors, 450 00:20:13,086 --> 00:20:16,423 speculators, and builders              of play-to-earn games. 451 00:20:16,465 --> 00:20:19,760 And we're here to learn                why they're pouring 452 00:20:19,801 --> 00:20:22,888 hundreds of millions of dollars              into this space, 453 00:20:22,930 --> 00:20:24,348 and how it relates                  to a bunch of people 454 00:20:24,389 --> 00:20:26,725 playing video games                  in the Philippines. 455 00:20:26,767 --> 00:20:29,728 [upbeat electronic music              playing over speakers] 456 00:20:29,770 --> 00:20:32,564 [cheers and applause] 457 00:20:32,606 --> 00:20:36,068 [announcer]                       Welcome to NFTLA. 458 00:20:36,109 --> 00:20:38,028 upbeat electronic music 459 00:20:38,070 --> 00:20:39,738 [Sylvester Stallone] I'm so          excited to enter this space 460 00:20:39,780 --> 00:20:41,448 because there's so many things 461 00:20:41,490 --> 00:20:43,408 that I have been shown               that I want to share. 462 00:20:43,450 --> 00:20:44,785 [Krishna] Play-to-earn games 463 00:20:44,826 --> 00:20:46,870 are the new hot thing                  in the NFT space. 464 00:20:46,912 --> 00:20:50,249 It's all part of the quickly          evolving world of Web 3.0, 465 00:20:50,290 --> 00:20:52,668 which is a concept              of supposedly decentralized 466 00:20:52,709 --> 00:20:54,920 ownership of everything                  on the internet. 467 00:20:54,962 --> 00:20:57,756 [Liam] Every NFT or every card             is an NFT itself. 468 00:20:57,798 --> 00:20:59,925 It acts as an asset                     that you own. 469 00:20:59,967 --> 00:21:01,885 We're talking about                   removing friction 470 00:21:01,927 --> 00:21:04,429 and owning your own IP. 471 00:21:04,471 --> 00:21:05,931 [Krishna]                   And all the financial tools 472 00:21:05,973 --> 00:21:08,016 springing from this concept              are getting billions 473 00:21:08,058 --> 00:21:10,102 and billions of dollars                  thrown at them, 474 00:21:10,143 --> 00:21:11,770 which can feel                    a little frightening 475 00:21:11,812 --> 00:21:13,105 when it seems like no one 476 00:21:13,146 --> 00:21:14,690 exactly knows                  what they're investing in. 477 00:21:14,731 --> 00:21:17,693 I kept waiting for something              new to come along 478 00:21:17,734 --> 00:21:21,822 that I could NFT my way with           into the fucking future. 479 00:21:21,863 --> 00:21:24,241 [cheers and applause] 480 00:21:24,283 --> 00:21:27,119 -Ladies and gentlemen, the Jiho.             -Good morning. 481 00:21:27,160 --> 00:21:29,079 [Krishna]                   This morning was a who's who 482 00:21:29,121 --> 00:21:30,622 of crypto opportunists, 483 00:21:30,664 --> 00:21:32,457 but we were here to meet           one of the founders of Axie, 484 00:21:32,499 --> 00:21:34,001 Jeff Zerlin. 485 00:21:34,042 --> 00:21:37,004 [Jeff] I think I have, like,             600 Axies right now. 486 00:21:37,045 --> 00:21:39,965 This is a mystic Axie.             It's wearing a space suit. 487 00:21:40,007 --> 00:21:42,968 There are only, like,                  1,200 mystic Axies 488 00:21:43,010 --> 00:21:44,303 in the entire universe. 489 00:21:44,344 --> 00:21:45,470 Oh, wow. 490 00:21:45,512 --> 00:21:46,805 I think each one of these                 is worth, like, 491 00:21:46,847 --> 00:21:48,807 $50,000 to $60,000 right now. 492 00:21:48,849 --> 00:21:51,143 'Cause they're rare.            People just want them to flex. 493 00:21:51,184 --> 00:21:54,479 There are around 2.8 million            people who own Axies. 494 00:21:54,521 --> 00:21:56,690 Six million have downloaded                digital wallets 495 00:21:56,732 --> 00:21:57,899 because of our game. 496 00:21:57,941 --> 00:22:00,694 25% of them                   do not have bank accounts. 497 00:22:00,736 --> 00:22:02,612 50% of them                   are totally new to crypto. 498 00:22:02,654 --> 00:22:05,240 75% of them                    are totally new to NFTs. 499 00:22:05,282 --> 00:22:07,659 Do you really think                 it's fun for everyone? 500 00:22:07,701 --> 00:22:09,494 Like, everyone plays                  the game primarily 501 00:22:09,536 --> 00:22:12,080 because they want                   to do something fun? 502 00:22:12,122 --> 00:22:13,790 No, I think there are people 503 00:22:13,832 --> 00:22:17,919 who definitely see it more               as work right now. 504 00:22:17,961 --> 00:22:20,797 But I think the more fun                  the game gets, 505 00:22:20,839 --> 00:22:23,925 the more balanced the economy              will be over time, 506 00:22:23,967 --> 00:22:26,261 and the more economic             opportunities there will be. 507 00:22:26,303 --> 00:22:28,472 What responsibility                    do you feel to, 508 00:22:28,513 --> 00:22:31,391 say, the 40% of your users          who are in the Philippines, 509 00:22:31,433 --> 00:22:34,061 many of whom are trying to make        a living off of doing this? 510 00:22:34,102 --> 00:22:36,563 We have a responsibility              to all of our players 511 00:22:36,605 --> 00:22:39,733 to create an awesome ecosystem              with a fun game 512 00:22:39,775 --> 00:22:41,068 and a balanced economy. 513 00:22:41,109 --> 00:22:45,864 It's a huge weight             that we take really seriously. 514 00:22:45,906 --> 00:22:47,741 [Krishna] But that economy                isn't backed up 515 00:22:47,783 --> 00:22:50,160 by any insured bank                 or government's army. 516 00:22:50,202 --> 00:22:51,578 On the day we interviewed                      Jiho, 517 00:22:51,620 --> 00:22:53,872 Axie announced                    that it was hacked. 518 00:22:53,914 --> 00:22:55,582 You've had a busy morning. 519 00:22:55,624 --> 00:22:58,251 Yeah, it's been intense.              It's been a hard day. 520 00:22:58,293 --> 00:22:59,544 You want to tell us about it? 521 00:22:59,586 --> 00:23:02,714 Earlier this morning,                     we realized 522 00:23:02,756 --> 00:23:06,635 that the Ronin Network                had been exploited. 523 00:23:06,676 --> 00:23:09,638 [Krishna] Ronin is like             Axie's currency exchange, 524 00:23:09,679 --> 00:23:12,557 the way to turn SLP                    into real money. 525 00:23:12,599 --> 00:23:14,810 It was drained of all             the crypto and U.S. dollars 526 00:23:14,851 --> 00:23:16,561 moving through it                      at that time, 527 00:23:16,603 --> 00:23:19,022 resulting in the biggest                  on-chain heist 528 00:23:19,064 --> 00:23:20,982 in crypto history. 529 00:23:21,024 --> 00:23:22,484 Can you tell me                 the dollar figure? Like-- 530 00:23:22,526 --> 00:23:27,489 It was $600 million                worth of cryptocurrency. 531 00:23:27,531 --> 00:23:29,324 That's a staggering amount. 532 00:23:29,366 --> 00:23:31,201 It's a very bad situation. 533 00:23:31,243 --> 00:23:32,702 Whose money was it? 534 00:23:32,744 --> 00:23:35,872 It was everyone's. 535 00:23:35,914 --> 00:23:37,916 Like, everyone                     in the community. 536 00:23:37,958 --> 00:23:39,626 [Krishna] For the millions             opening crypto wallets 537 00:23:39,668 --> 00:23:41,753 to get in on Axie's payout, 538 00:23:41,795 --> 00:23:43,255 they've also opened                     themselves up 539 00:23:43,296 --> 00:23:45,924 to a mindboggling                     amount of risk. 540 00:23:45,966 --> 00:23:48,427 In April 2022,               the U.S. Treasury Department's 541 00:23:48,468 --> 00:23:50,262 Office of                      Foreign Assets Control 542 00:23:50,303 --> 00:23:52,431 announced they suspect                  the North Korean 543 00:23:52,472 --> 00:23:54,724 state-backed hacking               collective Lazarus Group 544 00:23:54,766 --> 00:23:56,726 to have been behind the hack. 545 00:23:56,768 --> 00:23:58,645 Axie has said                 they will pay back customers 546 00:23:58,687 --> 00:24:00,480 who lost their money. 547 00:24:00,522 --> 00:24:01,606 What do you make of the hours 548 00:24:01,648 --> 00:24:03,567 that people are spending                   playing Axie 549 00:24:03,608 --> 00:24:05,735 with the hope                   that maybe SLP goes up? 550 00:24:05,777 --> 00:24:08,280 It's really sad and horrifying 551 00:24:08,321 --> 00:24:10,907 that people are spending               their lives on this. 552 00:24:10,949 --> 00:24:13,118 Everyone knows the music's              gotta stop sometime. 553 00:24:13,160 --> 00:24:14,619 Is it stopping now? 554 00:24:14,661 --> 00:24:16,204 Can we keep it going                    a bit longer? 555 00:24:16,246 --> 00:24:17,581 That's the sort of question 556 00:24:17,622 --> 00:24:19,458 that keeps crypto people                 awake at night. 557 00:24:19,499 --> 00:24:22,711 apprehensive music 558 00:24:22,752 --> 00:24:24,796 [Krishna] But hack or not,              for many Filipinos, 559 00:24:24,838 --> 00:24:27,257 even the small chance                 that SLP will return 560 00:24:27,299 --> 00:24:30,427 to its former value is enough            to keep them playing. 561 00:24:30,469 --> 00:24:34,931 Do you keep track of how SLP         goes up and down in prices? 562 00:24:34,973 --> 00:24:37,976 speaking native language 563 00:24:41,688 --> 00:24:43,315 [Krishna] What do you think's              gonna happen next? 564 00:24:43,356 --> 00:24:45,442 With this game?                      With your life? 565 00:24:45,484 --> 00:24:48,487 speaking native language 566 00:24:52,532 --> 00:24:55,494 dramatic music