Steve Kwast

So let's talk about culture, though, because this industrial espionage and China being a fast follower has a cultural component to it. And I'll just talk to two of them. And this gets back to the fact that we have to understand the cultures. Understand your enemy, understand yourself. And in a thousand years, you will not lose a battle.

So let's talk about culture, though, because this industrial espionage and China being a fast follower has a cultural component to it. And I'll just talk to two of them. And this gets back to the fact that we have to understand the cultures. Understand your enemy, understand yourself. And in a thousand years, you will not lose a battle.

China, the people of China are as smart as anybody else on the planet. And the cavemen, you know, we're as smart as we are. I mean, the human brain and the intelligence has not changed. Building on the knowledge of the past is what's changed, and that's why this attribute of being an aggressive learner really makes you very powerful if you can absorb all this.

China, the people of China are as smart as anybody else on the planet. And the cavemen, you know, we're as smart as we are. I mean, the human brain and the intelligence has not changed. Building on the knowledge of the past is what's changed, and that's why this attribute of being an aggressive learner really makes you very powerful if you can absorb all this.

China, the people of China are as smart as anybody else on the planet. And the cavemen, you know, we're as smart as we are. I mean, the human brain and the intelligence has not changed. Building on the knowledge of the past is what's changed, and that's why this attribute of being an aggressive learner really makes you very powerful if you can absorb all this.

And AI will accentuate that, where now I can devour through 100 books to get the essence instead of spending all the hours reading them. So these tools of technology are going to increase the exponential nature of innovation. But back to fast followers in China. If China did not have a communist ideology, that picks winners and losers and does not allow the free market to operate.

And AI will accentuate that, where now I can devour through 100 books to get the essence instead of spending all the hours reading them. So these tools of technology are going to increase the exponential nature of innovation. But back to fast followers in China. If China did not have a communist ideology, that picks winners and losers and does not allow the free market to operate.

And AI will accentuate that, where now I can devour through 100 books to get the essence instead of spending all the hours reading them. So these tools of technology are going to increase the exponential nature of innovation. But back to fast followers in China. If China did not have a communist ideology, that picks winners and losers and does not allow the free market to operate.

Where the free market is like a garden. You plant 100 seeds and only one will blossom. The other 99 will fail, but that one that blossoms pays for all the 99 that fail. That's the mathematics of innovation. Or a VC, an investor. They'll put out 100 investments, small investments, And two will pop, but those two will pay for all the others. SpaceX in the early days, look what it's done. Google.

Where the free market is like a garden. You plant 100 seeds and only one will blossom. The other 99 will fail, but that one that blossoms pays for all the 99 that fail. That's the mathematics of innovation. Or a VC, an investor. They'll put out 100 investments, small investments, And two will pop, but those two will pay for all the others. SpaceX in the early days, look what it's done. Google.

Where the free market is like a garden. You plant 100 seeds and only one will blossom. The other 99 will fail, but that one that blossoms pays for all the 99 that fail. That's the mathematics of innovation. Or a VC, an investor. They'll put out 100 investments, small investments, And two will pop, but those two will pay for all the others. SpaceX in the early days, look what it's done. Google.

And I have personal knowledge. I worked in the White House in the 90s. And I won't mention the name, but one of the people in the White House had invested in Google in the early days. And just incredible wealth. But they had invested in a hundred different companies and that one popped, all the others failed, but it didn't matter.

And I have personal knowledge. I worked in the White House in the 90s. And I won't mention the name, but one of the people in the White House had invested in Google in the early days. And just incredible wealth. But they had invested in a hundred different companies and that one popped, all the others failed, but it didn't matter.

And I have personal knowledge. I worked in the White House in the 90s. And I won't mention the name, but one of the people in the White House had invested in Google in the early days. And just incredible wealth. But they had invested in a hundred different companies and that one popped, all the others failed, but it didn't matter.

So China's communist ideology suffocates the free market from letting the results decide who wins and who loses, and let the customer decide based on the definition of innovation. Is it novel, meaning it's different, new, and is it useful? And so China will forever be compromised at its ability to innovate in the subordination that is created by the Communist Party.

So China's communist ideology suffocates the free market from letting the results decide who wins and who loses, and let the customer decide based on the definition of innovation. Is it novel, meaning it's different, new, and is it useful? And so China will forever be compromised at its ability to innovate in the subordination that is created by the Communist Party.

So China's communist ideology suffocates the free market from letting the results decide who wins and who loses, and let the customer decide based on the definition of innovation. Is it novel, meaning it's different, new, and is it useful? And so China will forever be compromised at its ability to innovate in the subordination that is created by the Communist Party.

Because if you're a leader in a company and you go in a direction that's not consistent with the talking points of the Communist Party, you're done. And you won't get a loan for the good house. Your kids won't go to the good schools. You can't shop in the good markets.

Because if you're a leader in a company and you go in a direction that's not consistent with the talking points of the Communist Party, you're done. And you won't get a loan for the good house. Your kids won't go to the good schools. You can't shop in the good markets.

Because if you're a leader in a company and you go in a direction that's not consistent with the talking points of the Communist Party, you're done. And you won't get a loan for the good house. Your kids won't go to the good schools. You can't shop in the good markets.