Adi Berlia discusses the geopolitical competition between the US, China, and Europe to issue widely adopted sovereign digital currencies.
Insight
Berlia: Large corporations lobby for regulation to block new competitors
“Once you reach a certain size, you are highly incentivized to stop new entrants from coming in. And the only way to do that, and particularly in a democracy, is to do state capture, is to work very closely with governments, parrot what they're saying, and then…”
Insight
Berlia: India's addressable market for value products caps at 40 million
“These are people that if you're creating a value-added product, Beyond bottom of the pyramid, you have an addressable, easy market around about forty million. After forty million, you start to hit price points, which have to be very, very good, and, you know, …”
Opinion
Berlia: Post-reform entrepreneurship has made India a more equal society
“You have an impressive amount of entrepreneurship that's come up, and I think it's created a much more equal society.”
Prediction Not checkable as stated
Berlia: First country issuing usable digital currency wins rapid market share
“The first country that gets out of widely used digital currency that a lot of the world can adopt for personal consumption, trade, and stability, Is going to take up rapid, rapid market share.”
Opinion
Berlia: US could easily cut drug approvals to one or two years
“I think if the government puts its mind to it, if it really prioritize it, I don't know about six months now, But I think they could convert three to five years easily to about a year or two and really accelerate the pace of this innovation.”
Prediction Not checkable as stated
Berlia: India remains 20 to 30 years behind US innovation leadership
“And principally because we have great tech coming out of China, India's catching up, but we're at 2030 years away. But if you're looking at coming to solve some of the greatest problems faced by humanity, it is still led by America, America's university system…”