Balaji Srinivasan

And, you know, people call the right reactionary because it goes second.

So wokeness really booted up in 2013 and Trump booted up also as a reaction in by 2015.

Right.

OK, so then Republicans also elected Trump to do what?

The trade war versus China.

OK, so this was a four faction battle where Democrats tried wokeness versus Republicans and the tech lash versus the Internet.

Republicans tried Trump versus Democrats and the trade war versus China, except they lost.

Basically, essentially, here's the Magnificent Seven, for example, is a bunch of graphs I can show you.

You see how this just rips up into the right and the remaining 493 stocks are flat.

Yep.

So Democrats lost to the Internet.

Basically, they lost control over, you know, media.

They lost control over money and they lost control over speech.

Democrats lost control over media to AI because Hollywood is being disrupted now.

Like clearly that where that's going to end up is Hollywood loses control.

They've lost control over money because they lost control with crypto and they lost control over speech because social media got uncensored.

Right.

So and this is a huge battle.

2024 can be conceptualized as the Democrats going all out.

against among other things their tech disruptors because they tried to regulate ai with the biden bills to stop ai they tried to stop crypto with an all-out attack by gary gensler against crypto and they tried to control speech with all the censorship and saying it's disinformation and whatnot and they lost a massive pitch battle but they lost okay