Ben Zhao
👤 PersonAppearances Over Time
Podcast Appearances
We're talking about companies and stakeholders who have trillions in market cap the richest companies on the planet by definition. So that completely changes the game.
We're talking about companies and stakeholders who have trillions in market cap the richest companies on the planet by definition. So that completely changes the game.
It means that when they want things to go a certain way, whether it's lobbyists on Capitol Hill, whether it's media control and inundating journalists and running ginormous national expos and trade shows of whatever they want, nothing is off limits. That completely changes the power dynamics of what you're talking about. The closest analogy I can draw on is in the early 2000s, we had music piracy.
It means that when they want things to go a certain way, whether it's lobbyists on Capitol Hill, whether it's media control and inundating journalists and running ginormous national expos and trade shows of whatever they want, nothing is off limits. That completely changes the power dynamics of what you're talking about. The closest analogy I can draw on is in the early 2000s, we had music piracy.
It means that when they want things to go a certain way, whether it's lobbyists on Capitol Hill, whether it's media control and inundating journalists and running ginormous national expos and trade shows of whatever they want, nothing is off limits. That completely changes the power dynamics of what you're talking about. The closest analogy I can draw on is in the early 2000s, we had music piracy.
Folks who are old enough remember that was a free-for-all. People could just share whatever they wanted. And of course, there were questions of legality and copyright violations and so on. But there, it was very, very different from what it is today. Those who are with the power and the money and the control are the copyright holders. So the outcome was very clear.
Folks who are old enough remember that was a free-for-all. People could just share whatever they wanted. And of course, there were questions of legality and copyright violations and so on. But there, it was very, very different from what it is today. Those who are with the power and the money and the control are the copyright holders. So the outcome was very clear.
Folks who are old enough remember that was a free-for-all. People could just share whatever they wanted. And of course, there were questions of legality and copyright violations and so on. But there, it was very, very different from what it is today. Those who are with the power and the money and the control are the copyright holders. So the outcome was very clear.
exactly you had armies of lawyers when you consider that sort of situation and how it is now it's the complete polar opposite meaning it's the bad guys who have all the lawyers
exactly you had armies of lawyers when you consider that sort of situation and how it is now it's the complete polar opposite meaning it's the bad guys who have all the lawyers
exactly you had armies of lawyers when you consider that sort of situation and how it is now it's the complete polar opposite meaning it's the bad guys who have all the lawyers
Well, I wouldn't say necessarily bad guys, but certainly the folks who in many cases are pushing profit motives that perhaps bring harm to less represented minorities who don't have the agency, who don't have the money to hire their own lawyers and who can't defend themselves.
Well, I wouldn't say necessarily bad guys, but certainly the folks who in many cases are pushing profit motives that perhaps bring harm to less represented minorities who don't have the agency, who don't have the money to hire their own lawyers and who can't defend themselves.
Well, I wouldn't say necessarily bad guys, but certainly the folks who in many cases are pushing profit motives that perhaps bring harm to less represented minorities who don't have the agency, who don't have the money to hire their own lawyers and who can't defend themselves.
These companies are basically exploiting the fact that we know lawsuits and enforcement of new laws are going to take years. And so the idea is, let's take advantage of this time. And before these things catch up, we're already going to be established. We already are going to be essential and we already are going to be making billions.
These companies are basically exploiting the fact that we know lawsuits and enforcement of new laws are going to take years. And so the idea is, let's take advantage of this time. And before these things catch up, we're already going to be established. We already are going to be essential and we already are going to be making billions.
These companies are basically exploiting the fact that we know lawsuits and enforcement of new laws are going to take years. And so the idea is, let's take advantage of this time. And before these things catch up, we're already going to be established. We already are going to be essential and we already are going to be making billions.
And then we'll worry about the legal costs, because really, to many of them, the legal costs and the penalties that are involved, billions of dollars is really a drop in the bucket.
And then we'll worry about the legal costs, because really, to many of them, the legal costs and the penalties that are involved, billions of dollars is really a drop in the bucket.
And then we'll worry about the legal costs, because really, to many of them, the legal costs and the penalties that are involved, billions of dollars is really a drop in the bucket.