Gerald Butts

I don't think Pierre Polyev has that equipment.

And I hope I'm proven wrong for the good of the country.

I hope I'm not as a liberal.

But I have seen too little evidence that that man can approach public life in a generous, expansive spirit.

And like I said, I hope I'm wrong about it, but I don't think I am.

Well, I think the direct answer to your question, Peter, is not very at all.

And what you're feeling in both in Canada, but also everywhere, you know, everybody's wrestling with this issue because we have this technology coming that what's already here, really, that is disrupting just about every way in which people communicate.

with each other, they consume information they relate to their governments how governments are making and enforcing laws it's changing everything and I think that there's a lot of hype generated around this a lot of hype attached to this that's being generated by people who stand to make or lose billions and billions and billions of dollars and often from our clients at Eurasia Group we get the question of is this

Is there a market correction coming?

Is this just a hype bubble?

Or is it as dramatically transformational, is the word of the day, I guess, that people are making it out to be?

And I think the answer is both.

I think that we're into a period not unlike the build-out of the railways in the 19th century where...

We're going to overbuild.

There's going to be a lot of shady activity.

People are going to make and lose fortunes.

But we're still going to end up with infrastructure that's really important at the end of the day.

And maybe even a better, more recent example is the build out of fiber optics to support the growth of the Internet that we all these companies that look.

like they were going to be what companies like Meta, Google, and Apple became.

They died, right?