Joe Lonsdale

I think what people don't understand is like just how broken the government bureaucracy and regulations are. Right. It's not like they're kind of sort of bad. Like, it's almost like they're companies that went bankrupt. Like, think of the worst company you know in Silicon Valley that went bankrupt, like, 30 years ago.

And imagine if someone just, like, kept pumping money into that worst company you know over, like, 30 years to keep hiring people.

And imagine if someone just, like, kept pumping money into that worst company you know over, like, 30 years to keep hiring people.

It was failing. It's like the worst department there. And then like the worst department gets the most money. So it's like more, I guess you can use the word retarded now. It's more retarded than anything you've seen in a long time. And I think one of the important things is America used to have these really hard tests for a hundred years. You know this? In 1883, we said, you know what?

It was failing. It's like the worst department there. And then like the worst department gets the most money. So it's like more, I guess you can use the word retarded now. It's more retarded than anything you've seen in a long time. And I think one of the important things is America used to have these really hard tests for a hundred years. You know this? In 1883, we said, you know what?

We shouldn't just hire our friends. If someone's going to run something in the government, Let's have these tough tests, kind of like China did for thousands of years. And for 100 years, we had really hard tests.

We shouldn't just hire our friends. If someone's going to run something in the government, Let's have these tough tests, kind of like China did for thousands of years. And for 100 years, we had really hard tests.

When we went to the moon, when we fought the World Wars, when we did the Manhattan Project, the people making those decisions in hiring people had to pass things that really only like 5%, 10% of people could pass who took them. And then in the late 70s, we said,

When we went to the moon, when we fought the World Wars, when we did the Manhattan Project, the people making those decisions in hiring people had to pass things that really only like 5%, 10% of people could pass who took them. And then in the late 70s, we said,

not only are these tests racist so we can't test people anymore of any background uh we also can't fire people anymore because we're going to give them tons of protections so for and so the last 40 years it just got dumber and then 10 years ago you started doing all the virtue signaling and and you know hiring based on your identity versus based on anything else so it's got even worse and so now it's so broken that yes we're letting tens of billions of dollars on fire and so there's really two things here one you got to take a chainsaw as elon like i said you got to take a chainsaw and just like cut a ton of broken stuff but then

not only are these tests racist so we can't test people anymore of any background uh we also can't fire people anymore because we're going to give them tons of protections so for and so the last 40 years it just got dumber and then 10 years ago you started doing all the virtue signaling and and you know hiring based on your identity versus based on anything else so it's got even worse and so now it's so broken that yes we're letting tens of billions of dollars on fire and so there's really two things here one you got to take a chainsaw as elon like i said you got to take a chainsaw and just like cut a ton of broken stuff but then

Day two is you got to say, how do we make this not stupid in the future? And there's things like maybe you bring back tests, maybe you bring accountability. The thing I'm most passionate about is, you know, right now there's over a million rules to the federal level. It's stuff that everyone disagrees on. You can be the most left person trying to build like solar or wind or whatever.

Day two is you got to say, how do we make this not stupid in the future? And there's things like maybe you bring back tests, maybe you bring accountability. The thing I'm most passionate about is, you know, right now there's over a million rules to the federal level. It's stuff that everyone disagrees on. You can be the most left person trying to build like solar or wind or whatever.

And you're like, what? I have to do what study over how many years? This makes no sense. So we got to take these regulations and not only cut them, but we got to make a data-driven system that forces regulations to defend themselves. And that way, instead of having a cancer, It just grows forever out of control.

And you're like, what? I have to do what study over how many years? This makes no sense. So we got to take these regulations and not only cut them, but we got to make a data-driven system that forces regulations to defend themselves. And that way, instead of having a cancer, It just grows forever out of control.

You could actually have a process that like naturally trims things, naturally makes things fight for itself. And that way it doesn't get as dumb ever again.

You could actually have a process that like naturally trims things, naturally makes things fight for itself. And that way it doesn't get as dumb ever again.

I mean, I obviously understand why this is important, but I want you to... The number one thing I'd say is it's usually correlated to how well the working class... doing in your country to per capita GDP to cost of goods. I mean, obviously, I care about it, because we want to scale AI for all the things we're doing, and we want to be able to do it effectively.

I mean, I obviously understand why this is important, but I want you to... The number one thing I'd say is it's usually correlated to how well the working class... doing in your country to per capita GDP to cost of goods. I mean, obviously, I care about it, because we want to scale AI for all the things we're doing, and we want to be able to do it effectively.

But if you just look over time, it's really clear the relationship between how well is your average working middle class person doing and their quality of life, their cost of life. and the cost of electricity and cost of power. And it's crazy we're not just like ramping up and cutting things to do this.