Pete Buttigieg

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.

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.

But we did believe that for it to be made in America, for it to happen as quickly as we wanted, and for it to reach people who maybe couldn't afford those initial buy-in costs who we really wanted to help out, that's where there's a role for policy.

But we did believe that for it to be made in America, for it to happen as quickly as we wanted, and for it to reach people who maybe couldn't afford those initial buy-in costs who we really wanted to help out, that's where there's a role for policy.