Tom Bilyeu
๐ค SpeakerAppearances Over Time
Podcast Appearances
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Now let's get back to it.
Yes, all true.
So the fascinating thing, though, is if you look at the railroads, for instance, some of the most important infrastructure that America ever laid, it was devastating for the investors.
And there's almost certainly going to be something very similar that plays.
It played out again in
the internet, and it will almost certainly play out again in AI, where the people that put all the upfront investment into the infrastructure, they end up not making money.
They end up losing a lot of money.
But then the people that build on the back of the infrastructure that got created, they do well.
One thing that I have a feeling I'm going to have to start campaigning for, though it's such a weird time to be talking about this because it's got a shelf life, but getting people to understand that what we have right now isn't capitalism.
And so all the things when we blame capitalism, what we really mean is cronyism by the government.
Yeah.
So the government coming in and allowing for things like regulatory capture, over-regulating industries so the free market actually isn't making sensical decisions, doing things like freezing rent so that the free market can't do its thing, bailing out banks so that nobody fails.
And the whole idea behind capitalism is, hey, you're you're going to play NFL and I'm putting you out on the field and good luck.