Allison Schrager
speaker
190 appearances
4 recordings
4 series
first heard Oct 2024
last heard 2 Jul
Allison Schrager’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 3 in all, peaking in Jul 2026 with 1.
Appearances
So the idea that they need to be invested, these companies have a stake, is crazy.
But what concerns me even more about this is one thing I've observed just listening to panels, listening to CEO interviews, is they're talking a lot.
about how the Chinese model is working better.
The idea that the government has this very heavy hand in industry, doing more industrial policy, taking a stake in companies.
So I kind of wonder, especially because they're just saying we're going to give you 5% stake in a fund.
is the fact that we're sort of emulating this model, which I'm not convinced that that battle, that sort of debate has been won either way.
The U.S.
system, not that the government has been completely hands-off, has worked well.
But the idea that the government's an investor in certain companies and they also are the biggest regulator of that industry just sets up a lot of poor incentives.
And also, I'm just wondering why we don't have more confidence in our model, which has worked pretty well for centuries.
Sorry, I just don't think we're discussing, like there's downsides and upsides and downsides to any policy.
And this shift that America is taking on in sort of outlook does come with a lot of downsides that I don't think people realize, which is bigger distortion in market prices, which is a poor signal for risk.
As I said, you get more corruption, you get certain companies growing because they have better government favor.
I mean, I can't help but wonder if OpenAI is offering 5%, as I said, faces a better regulatory environment.
Yeah, and I mean, as also there is just in finance or in life, this natural risk-reward trade-off.
And I think everyone has somehow convinced themselves that if the government takes a heavier hand in industry, industry and growth and technology and innovation and this whole process we're going through, we'll somehow get the same growth, but without any of the downside risks.
And it just never works.
It never happens.
I mean, you do end up, as I said, with more market distortions and potentially slower growth.
And, you know, again, I'm not sure when China won this debate that you need this heavy government hand in industry.
Showing 41–60 of 190 · page 3 of 10
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