Daron Acemoglu

They want to be subject to U.S.

law if there's a dispute.

This is a very dynamic entrepreneurial economy.

Why?

People think that if they're successful, they're going to be able to take on the biggest companies and build their own business.

Again, that depends on institutions.

In many of the countries around the world, you see that incumbents crush every bit of competition.

So if we start damaging that,

the secret source of the U.S.

economy would be heavily damaged too.

Yeah, well, we are something else.

I don't know where we're going.

I mean, state institutions are, state capitalism is what people used to call China.

Well, we're getting close to that.

Don't tempt me.

Don't tempt me.

Don't tempt me.

You know, every slide I put up, you know, he objected to something. Oh, look, assumption two. No, if you change that, that result wouldn't follow. He was that guy. Yeah, exactly. Who's this really irritating guy?

You know, every slide I put up, you know, he objected to something. Oh, look, assumption two. No, if you change that, that result wouldn't follow. He was that guy. Yeah, exactly. Who's this really irritating guy?

You know, every slide I put up, you know, he objected to something. Oh, look, assumption two. No, if you change that, that result wouldn't follow. He was that guy. Yeah, exactly. Who's this really irritating guy?