Gurley argues US should build semiconductor plants in Mexico or Vietnam rather than onshore them given labor model realities.
“Like I, you know, I'm not- Provocative. Like, yeah, it's provocative because it says that if America is really worried about the concentration in Taiwan, they should probably be trying to help build semiconductor plants in Mexico or Vietnam or that kind of thing versus bringing them here”
Gurley argues taxing unrealized capital gains would undermine entrepreneurial incentives and is nearly impossible to implement.
“this crazy idea to tax unrealized capital gains and how that in and of itself is not only almost impossible to implement, but also would undermine the very incentive that entrepreneurs have to go create businesses.”
Gurley says Silicon Valley's political shift is about entrepreneurship policy, not personal tax rates.
“Right? I do hear things around key policy areas that impact entrepreneurship that people care deeply about.”
Gurley urges US to respect China and Korea's superior execution and pursue Manhattan Project approach.
“And then two, consider some type of Manhattan project like approach where you get out of the current environment,”
Gurley argues blocking technology exports to China is not working and US needs to face reality.
“And I don't think blocking ASML or blocking AI technology or blocking anything is working. It's just not working.”
Gurley found only four of 24 CCP select committee members have visited China, last trips seven years ago.
“I did a deep dive on on your favorite product chat, GBT, $300 version deep research, and on the 24 members of the select committee for the CCP.”
Gurley warns bringing manufacturing jobs back may be futile as automation eliminates those positions.
“Like, if you wanna bring the jobs back there by the time you get the jobs back, there may not be any jobs. Like like, at one Because of automation.”
Gurley finds only four of 24 members on China committee have visited China, last time seven years ago.
“And I think all but four have never been to China. Right. And the ones that went, it was seven years ago.”
Gurley plans to study countries with less regulatory capture to understand their policies for his new institute.
“Want to, and this will be part of my new thing. I want to go study countries that have less of it and try and understand the policies.”
Gurley argues regulation most often protects incumbents rather than constraining them, contrary to public perception.
“And so companies get big, they spend money lobbying, they spend time in Washington and they get laws written to help them rather than to constrain them.”
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 regulation most often protects incumbents despite public perception to the contrary.
“But the idea is simple that regulation, I'd say most often ends up protecting the incumbent and the world thinks the opposite is true.”
Gurley notes committee members fundraise across jurisdictions, which he finds inappropriate.
“One thing that's really amazing that most Americans probably don't realize is once your senator or congressman goes on a committee, they start fundraising in other jurisdictions.”
Gurley credits Pinker and others with shifting public perception on nuclear energy from negative to positive.
“Like like, the the the world has vilified this technology. It's amazing technology. It's clean technology.”
Gurley credits Pinker, Musk, and others for shifting nuclear energy perception from vilified to positive five years ago.
“Like like, the the the world has vilified this technology. It's amazing technology. It's clean technology. What Germany is doing is bad.”
Gurley says congressmen raise money outside their geographic area once on committees, which should be illegal.
“And there's another crazy thing that I learned in the Tropo situation is your senator and your congressman, the minute they get on committees, they start raising money outside of your geographic area.”
Gurley says Austin, one of the fastest growing cities, has seen rents fall for four years due to good policy.
“One of the fastest growing cities in the nation, rents have fallen for four years. That's good policy.”
Gurley says people elect officials based on intentions without tracking whether they create actual change.
“And I think we elect a lot of people because we like what they're saying, but no one follows up to see if they can actually create change.”
Gurley suggests highlighting state versus state competition in US modeled on China's provincial competition.
“I'm I'm enamored by the provincial competition in China, and I wonder if shining a brighter light on state versus state competition could lead to some pretty amazing and positive things for our own country.”