Friedberg

I think Sachs' point of view, to be honest, is the point of view that will be held by a large number of people, just like they have been with a lot of other kind of- Is it the right point of view, though?

Well, no, no, I don't think it is. I think that the same argument would have been made around we shouldn't have airplanes at all because they can fall from the sky. We should keep everyone on the ground where they're safe. Why would you want to get on an airplane? Why would you want to have airplanes flying over your home? We should all ban airplanes flying over our home.

Well, no, no, I don't think it is. I think that the same argument would have been made around we shouldn't have airplanes at all because they can fall from the sky. We should keep everyone on the ground where they're safe. Why would you want to get on an airplane? Why would you want to have airplanes flying over your home? We should all ban airplanes flying over our home.

They could crash in our home. It's the same sort of argument. And the reason I'm not going to argue the point is because of the point I made earlier, which is that it ultimately becomes an economic necessity

They could crash in our home. It's the same sort of argument. And the reason I'm not going to argue the point is because of the point I made earlier, which is that it ultimately becomes an economic necessity

that for us to meet all of the demands of AI, all of the demands of industry, we want to reindustrialize the United States, et cetera, et cetera, we need to increase electricity production capacity on the continent. And there is no way to generate enough electricity on this continent fast enough using other means than there would be if we just got these systems set up.

that for us to meet all of the demands of AI, all of the demands of industry, we want to reindustrialize the United States, et cetera, et cetera, we need to increase electricity production capacity on the continent. And there is no way to generate enough electricity on this continent fast enough using other means than there would be if we just got these systems set up.

I think globally this is the case, and we're seeing it in China. Now, whether the U.S.

I think globally this is the case, and we're seeing it in China. Now, whether the U.S.

Yeah, that's right.

Yeah, that's right.

Yeah, and we may end up being the Luddite state, and we'll end up just saying, you know what? We're not going to adopt new technology, including things like— gene editing and cell therapies. And I'll go through the list of new technology sets.

Yeah, and we may end up being the Luddite state, and we'll end up just saying, you know what? We're not going to adopt new technology, including things like— gene editing and cell therapies. And I'll go through the list of new technology sets.

You could make the argument that there's a low probability of a high risk event, but the fact is that the progress that it enables is worth so much more than the risk that we would be taking on.

You could make the argument that there's a low probability of a high risk event, but the fact is that the progress that it enables is worth so much more than the risk that we would be taking on.

The countries and the businesses that have a lower cost of electricity and a more abundant source of electricity will end up winning as the economy continues to progress towards a much more kind of digital state and automated state over the next decades. So if we're going to be slower, we're going to suffer the consequences of that as a country. So we'll see how it plays out.

The countries and the businesses that have a lower cost of electricity and a more abundant source of electricity will end up winning as the economy continues to progress towards a much more kind of digital state and automated state over the next decades. So if we're going to be slower, we're going to suffer the consequences of that as a country. So we'll see how it plays out.

I just think that economic incentives will ultimately drive, hopefully, a change.

I just think that economic incentives will ultimately drive, hopefully, a change.

I'm not sure. I haven't thought much about what the incentives or subsidies would be.