Leopold Aschenbrenner: belief

Transcript context

…Very silly question. In these worlds, are financial markets where you make these kinds of bets going to be respected? Is my Fidelity account going to mean anything when we have 50% economic growth? Who’s like, “we have to respect his property rights”? That’s pretty deep into it, the bond short, the 50% growth. That's pretty deep into it. Again, there's this whole sequence of things. I think property rights will be respected. At some point, there's going to be figuring out the property rights for the galaxies. That'll be interesting. That will be interesting. Going back to your strategy about how important the 2030s will be for how the rest of the future goes, you want to be in a position of influence by that point because of capital. As far as I know, there's probably a whole bunch of literature on this, I'm just riffing. The landed gentry before the beginning of the Industrial Revolution, I'm not sure if they were able to leverage their position in a sort of Georgist or Piketty-type sense, in order to accrue the returns that were realized through the Industrial Revolution. I don't know what happened. At some point, they just weren't the landed gentry. I'd be concerned that even if you make great investment calls, you'll be like the guy who owned a lot of farmland before the Industrial Revolution. The guy who's actually going to make a bunch of money is the one with the steam engine. Even he doesn't make that much money because most of the benefits are widely diffused and so forth.…

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