Palmer Luckey: “The U.S. and China will be like their own universes… and everybody else will be renting pieces of them.” 🇺🇸🇨🇳
“The U.S. and China will be in different worlds… almost like their own universes… and everybody else will be renting pieces of them. I think that’s pretty likely.
There are a lot of people who look at a working-class American who’s against taxation and regulation and say, ‘Why is he voting against his own self-interest?’
But a lot of them understand something that the supposed elites do not: that regulatory climate, the one that allows for massive American dominance in technology, manufacturing, and productivity, is what makes America what it is.
There are Americans who fundamentally understand that allowing innovation to happen is good for them. They understand that rockets going into space will make their lives better, even if it’s not directly.
There are hungry people who would rather see a billion dollars go toward that than a food stamp program that would put extra food in their pantry.
I don’t think you see that much in other countries.”
We’re not far off from reaching a global oligopolistic type universe … where the two dominant powers control all essential outputs and everyone else is essentially renting space. Nations, countries, continents, all moving away from meaningful productivity growth, and becoming far too reliant on outdated economic metrics. Aggregate growth should be dependent on real output and not solely on fiscal spending and labor participation rates. We live in a world of slowing birth rates.