Tyler Cowen

Here they are.

Bottleneck, bottleneck.

Hi.

Good to see you.

And some of you are terrified.

You're going to be even bigger bottlenecks.

That's fine.

It's part of free speech.

But my goodness, once it starts changing what the world looks like, there will be much more opposition, not necessarily from what I call doomster grounds, but just people like, hey, I see this has benefits, but I grew up, trained my kids to live in some other kind of world.

I don't want this.

And that's going to be a massive fight.

I really have no prediction as to how it's going to go, but I promise you that will be a bottleneck.

They're in a mess now.

I'm not sure how it's going to go for them.

They're just a middle-income country.

They struggled to tie per capita income with Mexico.

I think they're a little ahead of Mexico now.

They're the least successful Chinese society in part because of their scale.

Their scale is one of their big problems.

There's this fear that if they democratize and try to become a normal country, that the median voter won't protect the interests of the elites.