Pete Buttigieg

I cannot imagine that a smartphone designed by the federal government would be a pretty thing or that an app designed by, matter of fact,

Having been in the military and dealt with, I guess you could call them apps, like some of the kind of software that you have to deal with, even if it's done by contractors, it's kind of done in a way that you can tell is designed by the government and it's not pretty.

Having been in the military and dealt with, I guess you could call them apps, like some of the kind of software that you have to deal with, even if it's done by contractors, it's kind of done in a way that you can tell is designed by the government and it's not pretty.

On the other hand, when you talk about capital allocation, the federal government literally invented the internet.

On the other hand, when you talk about capital allocation, the federal government literally invented the internet.

Right?

Right?

So there's things, there's certain trillion dollar ideas that the private sector just won't do because it doesn't pencil or because of whatever market failure is there.

So there's things, there's certain trillion dollar ideas that the private sector just won't do because it doesn't pencil or because of whatever market failure is there.

That's where you need government.

That's where you need government.

That's things like basic research.

That's things like basic research.

That's things like filling in gaps, especially on network effects like broadband, EV charging networks, that sort of thing, where the bulk of it can be done quite well by the private sector, but there are pieces that just don't click unless you have federal involvement.

That's things like filling in gaps, especially on network effects like broadband, EV charging networks, that sort of thing, where the bulk of it can be done quite well by the private sector, but there are pieces that just don't click unless you have federal involvement.

And that's the attitude we try to take on things like EVs.

And that's the attitude we try to take on things like EVs.

Like,

Like,

I never thought that we were going to create a government EV or that you even needed the government to make sure that a transition to electric happened.