Jim Balsillie

Right, and it's leg two that happens to be kicking the hell out of us at the moment, say, in the last two months. Right. So what happened was, so this was around 92, we shut down our economic council to save money. So it's, yeah, it's getting- So now the people that- It's like taking the instruments off the airplane to save money. Right. Because you don't need instruments anymore.

And there's nothing- And there's no interest. There's no interest.

And there's nothing- And there's no interest. There's no interest.

And there's nothing- And there's no interest. There's no interest.

We have all the knowledge we ever need. Knowledge is over. Just get out of the way.

We have all the knowledge we ever need. Knowledge is over. Just get out of the way.

We have all the knowledge we ever need. Knowledge is over. Just get out of the way.

Yeah, well, okay, so let me put one more step into this and then I'll go to the Google part. And so what happens is in the production economy,

Yeah, well, okay, so let me put one more step into this and then I'll go to the Google part. And so what happens is in the production economy,

Yeah, well, okay, so let me put one more step into this and then I'll go to the Google part. And so what happens is in the production economy,

When you bring in a foreign branch plant, as I said a few minutes ago, you get management, technology, you get capital, you get skills upgrading of the workers, you get a supply chain in a factory of local vendors, and you get a tax base based on that activity. So you get a lot of positive what are called economic spillovers from the... Manufacturing branch plant.

When you bring in a foreign branch plant, as I said a few minutes ago, you get management, technology, you get capital, you get skills upgrading of the workers, you get a supply chain in a factory of local vendors, and you get a tax base based on that activity. So you get a lot of positive what are called economic spillovers from the... Manufacturing branch plant.

When you bring in a foreign branch plant, as I said a few minutes ago, you get management, technology, you get capital, you get skills upgrading of the workers, you get a supply chain in a factory of local vendors, and you get a tax base based on that activity. So you get a lot of positive what are called economic spillovers from the... Manufacturing branch plant.

When you go to an ideas economy, when you buy the company or come in, you exfiltrate the IP, you exfiltrate the data. All of the ownership is back at the headquarters. There is no...

When you go to an ideas economy, when you buy the company or come in, you exfiltrate the IP, you exfiltrate the data. All of the ownership is back at the headquarters. There is no...

When you go to an ideas economy, when you buy the company or come in, you exfiltrate the IP, you exfiltrate the data. All of the ownership is back at the headquarters. There is no...

management of any consequence in the in the in the when you sell your uh peterson academy into spain you don't set up a country president and a whole management team it's just you get somebody helping you sell and localize and then it's all run back wherever you run it and all the taxes and all the wealth effects happen at the home country spanish branch plant

management of any consequence in the in the in the when you sell your uh peterson academy into spain you don't set up a country president and a whole management team it's just you get somebody helping you sell and localize and then it's all run back wherever you run it and all the taxes and all the wealth effects happen at the home country spanish branch plant

management of any consequence in the in the in the when you sell your uh peterson academy into spain you don't set up a country president and a whole management team it's just you get somebody helping you sell and localize and then it's all run back wherever you run it and all the taxes and all the wealth effects happen at the home country spanish branch plant

Exactly, and you don't pay taxes in Spain and there's no wealth effect in Spain and there's no management transfer and all that. So the spillovers in the tech industry operate exactly opposite. Pretty much most of the time, not absolutely, To how they work in the production economy.