technology

“The biggest problem that technology did was it drove a wedge and it created an extremely small owner class and an extremely massive labor class.”

“One crappy externality of technology is that it's deflationary. You can do more with less, and that's fundamentally not great for earnings. It's not great for labor participation.”

“It's strong there that technology does cause deflation. It's deflationary. But this is not going to help us get out of what's coming over the next year or two.”

“I think the point here is that technology is fundamentally deflationary. Here's the next great example where the minute you make something incredible, costs go down, but also frankly revenue and profit dollars go down in the aggregate.”

“The improvement that's driven by technology and has been for 10,000 years mostly accrues to the poorest people in society first.”

“And all technology ultimately creates leverage. For the creator of the technology initially, and then it diffuses to everyone.”

“There's generally pessimism towards technology, because it creates unfair advantages that shift the power dynamic too quickly.”

“Economic power and military power is downstream of technology. In fact, even culture is downstream of technology.”

“Techno realist, which is technology is going to happen. Trying to stop it is like ordering the tides to stop. If we don't do it, somebody else will. China's going to do it or somebody else will do it. And it's better for us to be in control of the technology, …”

“It should be done instantly, and it could literally be done instantly with a technology that we already have available to us today.”

“Essentially, 85% of the jobs that exist today Have been driven by advances in technology, and only 40% of the jobs that we had back in 19 forties still exist today.”

“It's not going to be by sector or industry anymore. It is going to be by technology because technology is permeating every sector, every industry, and blurring the lines between them.”

“About 50% of the private equity deal volume is in technology.”

“You're dealing with a level of prosperity in a world in which the Gini coefficients are blowing out. It's almost entirely due to the technology that is derivative of science, and the scientists are not participating.”