Gurley lists specific metrics showing technology and capitalism drove massive human progress since 1891 despite warnings against them.
“All those things happened because of technology, innovation, and capitalism, which is exactly what Leo the thirteenth was warning against.”
Gurley argues capitalism and democracy corrupt each other over time, with most broken industries being most regulated.
“No, I think it's gotten worse over time. I made up this statement once that capitalism and democracy corrupt each other over time. Like at the starting state, everything's fine.”
Gurley states capitalism and democracy corrupt each other over time as they commingle.
“I made up this statement once that capitalism and democracy corrupt each other over time. Like at the starting state, everything's fine.”
Gurley argues invisible hand capitalism with hyper competition is actively happening in China despite communist label.
“So I think the thing that a lot of people in Silicon Valley love about capitalism is this notion of the invisible hand and competition that leads to innovation and best practice, and the winners rise up and they're better for it. That is happening there.”
Gurley argues Deng Xiaoping brought 500 million people out of poverty through capitalism, more than any altruist.
“Ding Xiaoping, who brought capitalism to China and brought 500,000,000, 500,000,000 people out of poverty.”
Gurley argues Deng Xiaoping brought 500 million people out of poverty through capitalism, more than any altruist or socialist.
“No other human being, not not the most no, no, you know, not Mother Teresa, not like no altruist, no socialist has come anywhere close to this number that was done merely by unleashing the human potential that was latent inside of China by allowing for idea sharing and commerce”
Gurley argues the most regulated US industries like finance, telecom, and healthcare become the least capitalistic.
“what happens is capitalism and democracy evolve over time, especially in The US federal system. The most regulated industries become the ones that are least capitalistic. And so finance, telecom, healthcare are completely,”