Balaji Srinivasan
👤 SpeakerAppearances Over Time
Podcast Appearances
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.
and Western European system is essentially at the end of the line where you have decades of Keynesianism, Keynesianism.
And can you just give a sentence on what you mean by that?
Sure.
Yes.
Keynesianism is like communism, but for wimps.
Okay.
Communism goes like when the communists want to take 10%.
Is that good?
Right.
That's fantastic.
OK, so let me explain what I mean with that.
Soviet communism, when Lenin wanted to go and steal all the property, he actually, you know, Lenin's hanging order, for example, like kill the kulaks and so on.