Gurley says America's litigious culture where contingency lawyers take 30-50% of recovery will delay autonomous vehicles domestically.
“Because of the regular because of the litigious thing that I brought up. I got it. I mean, look what happened with the one Tesla driver already.”
Gurley calls it an inefficient broken capital market when someone with nine profitable shares can bring derivative lawsuits.
“Someone with nine shares who made money can bring that kind of legal case against the company where the stock went up. That's really bad.”
Gurley argues US infrastructure failure stems from self-imposed regulatory and litigation red tape.
“Well, he took all the regulation and lawsuits off the table. And so we have to recognize that one of the reasons we can't build infrastructure and the California high speed train thing is where it is, is because we've indoctrinated ourselves in red tape, both with regard to regulation and litigation.”