Friedberg: Human tech progress impossible without capital accumulation from free-market capitalism
David Friedberg · E41: Vaccine policy, Big Tech, DeepMind's latest breakthrough, wealth creation, opportunity & more · Jul 23, 2021 · at 1:00:47
David Friedberg (investor and entrepreneur) argues on The All-In Podcast that massive scale and capital accumulation in big tech corporations are necessary to fund ambitious technological breakthroughs.
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“And so I think that the benefit of scale that comes out of some of these businesses Is that we can do research and development, and we can progress our capabilities as a species forward in a way that would have never been possible if not for the capitalist system and the ability for these businesses to accumulate a large enough pool of capital to take on multiple billion dollar bets.”
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