Balaji Srinivasan

They developed civilizational antibodies to communism, socialism, imperialism.

inflation, drugs, right?

And thus arose, for example, you know, the basically capitalist regimes in, or regimes, governments, what have you, in Eastern Europe, in India, right?

That reversed decades of decline.

And similarly, you know, Bichelli or Millais or now Hernando de Soto in Latin America, that's three, you know, three is a trend, right?

Three basically capitalist leaders who are against what, you know, basically tore down Latin America last century, right, for the most part.

So but on the other side of things, you had Western Europe and the US and Canada that have been so prosperous for so long that they ended up thinking prosperity was their birthright and essentially degenerated.

Yes.

So now here's the good news.

The good news is.

I do think that unfortunately, America is over, but the Internet is just beginning.

Yeah, but let me go back to the previous, yeah.

Okay, go, go, go.

Totally, totally agree with you.

But it is like a forced diagram where there's multiple forces acting at the same time.

Right.

So do you think debt is bigger or Internet?

Debt is the inflationary force and China and the Internet are the deflationary forces.

Deflation from innovation.

So basically the existing system, the U.S.