Luke Drago: belief

Transcript context

…Yeah. You mentioned Microsoft posting record profits and so on. Perhaps a naive question here is to ask, who are they selling to in this world? If the college graduate is not, doesn't have a job, who are they actually selling to? Which services and products are they providing? So I feel bad that I'm picking on poor Microsoft here. I don't know if they're like the right people to pick on. But you know, I don't mean it Microsoft, it's not you specifically. I just picked the first tech company that came to mind. But let's go a bit broader. Who are the companies selling to? I think we talk about this in the piece, but the core thing here is probably to each other. The B2B environment is quite large, and it is not necessarily true that there has to be the, like, what we now call the consumer level in a technology space. And a whole lot of companies get by just fine selling to each other. I think you can expect that to continue to occur across a variety of areas, especially as the core fundamentals become more important. These are primarily land, compute, energy, intelligence. And the more important those get, the more important the businesses that can provide that get. Of course, governments are their possible clients. But I think it is not the case that you have to have this vibrant consumer style economy that we have today. I think this world has way fewer Starbucks. Sorry to pick on them. I think it's got way fewer cafes and way fewer phone cases, but it's probably got a whole lot more data centers. And you can see labs trading with each other, AIs trading with each other, providers trading with each other. this increasingly closed loop. Yeah. The intelligence curse is a kind of a riff on the resource curse. Are there any lessons we can take from how countries have dealt with the resource curse in trying to deal with the intelligence curse?…

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