Paul Schroder

I do worry about the implications for workforces and people's future incomes.

I think everyone should worry about war.

War is always horrible.

It doesn't matter what war it is.

And AI will make war...

be able to be executed much more aggressively and much more targeted.

And so, you know, it's not unrealistic to say it could go horribly badly, but human beings are pretty good at creating policies and rules and setups and adjusting.

And if I remember my economics 101, I'm the most worried about oligopsonies, which is when you've got a very small number of very powerful customers.

And the concentration of companies, these hyperscalers, they sort of throw their weight around a bit too much, right?

Because they've got all the money and because they've got a lot of authority and power, they then go around to countries and say, I want all your IP and I want all your land and I want... Well, actually, countries need to decide how they want to live.

And that is a proper role for government and parliaments.

Great questions.

Well, look, I like to go to the aggregates in the first instance.

The most important thing about the super system is

is we've got by 2060, there'll be twice as many people over 65 and there'll be three times as many people over 80.

So we're ageing and the cost of provision of age pension is going to go from 2.6% of GDP to 2.1% of GDP.

That's enormous.

Every other country is running at nines and tens and elevens.

So was the central promise, has the central promise been delivered?

Well, in a