Balaji Srinivasan

But there's a counterargument to that as well, which is Moore's Law.

In practice, computers actually have gotten cheaper.

Like, you know that a Mac, for example, is going to be better in a year or two years.

You know, whether it's literally transistor density doubling every 18 months, that's the technical definition of Moore's law.

You know, broadly, computers get better pretty quickly.

Nevertheless, people buy computers really, really, really.

I mean, they spend a lot of money on computers.

They're not waiting partially because that deflation itself creates economic opportunities.

So the value of waiting for that productivity instrument versus getting it today and then building on it is, you know, there's a time value anyway.

It is a good thing.

Thank God it exists.

Let me take it out of the American perspective for a second to make it a little less emotional.

Okay.

For the average Russian in the 80s, their quality of life dropped dramatically when communism ended.

And their main geopolitical rival were the Americans.

And they lost territory.

They lost life expectancy.

They had drug overdoses.

They had mafias running their things.

All kinds of bad things happened after the end of communism.