Tom Bilyeu

very well-connected people come in, they become the builders and they know that now there's a moat around them of regulatory compliance.

Price stays high.

Yeah, what drives me crazy is people don't understand when you create those regulatory environments, you are making it possible for the incredibly shrewd, well-connected, rich elite guy that you hate to come in and monopolize that area because you've made it so difficult.

Yes.

You are not helping the small person.

You are hurting the small person.

What you wanna do is create a system where the up and coming entrepreneur ankle biter who's 23 and like sees how he can use 3D printing to build homes faster, better, safer than anybody else.

He's not regulated into oblivion.

So he actually does come do the thing that everybody else thinks is crazy.

And he 3D prints your house.

And you're like, holy hell, this is incredible.

And then that guy becomes stupid wealthy.

And then the goal is he gets replaced by the next 23 year old who sees something he misses.

But what actually ends up happening is regulatory capture plays out in the following way.

A small group of elite people who are well connected to each other end up going crazy.

hey, you know what, just put this regulation in place because they know how to deal with it.

And then slowly but surely, all those regulations go to the people that make the campaign contributions.

And then the world is set to make it hard, but they know how to get over those hurdles.

And they might not even mind that it goes more slowly because then the assets that they do have just keep going up in value.

And it's like, that is so knowable, so predictable.