Andreessen: Most of the US economy operates as cartels protecting incumbency
Marc Andreessen · Ep 65: Marc Andreessen and the Case for AI Optimism · Joe Lonsdale · Jul 18, 2023 · at 14:30
Venture capitalist Marc Andreessen argues to Joe Lonsdale that capitalist market principles only apply as rare exceptions in the modern economy.
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“Like most of the economy is, is one form of cartel or another. Like, as far as I can tell, it's like, you've got the education cartel, you've got the healthcare cartel, you've got the banking cartel. And then you've got, you know, you've got cartels of workers. You've got unions you know, that are literally cartels. You've got and then you've got, you know, government. Government's always the most amazing thing because somehow in government, you're able to have both civil service protections and public sector unions, right? You've got like a double layer of cartel. Right in which nothing can change.”
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