Stranded Technologies Podcast

Niklas Anzinger

Niklas Anzinger talks and writes about his experience as a VC based in Prospera Honduras, competitive governance and how it can unblock "stranded technologies" that are held back by bureaucracy and overregulation.

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Episodes

Ep. 83: Bradley Tusk – The Uber Story, Applying Political Leverage, and Practical Advice For Entrepreneurs On How To Overcome Regulatory Roadblocks
May 7 2024
Ep. 83: Bradley Tusk – The Uber Story, Applying Political Leverage, and Practical Advice For Entrepreneurs On How To Overcome Regulatory Roadblocks
Bradley Tusk is a cofounder of Tusk Venture Partners, which invests in early-stage technology companies operating in highly regulated industries.Bradley was also Uber's first political advisor and instrumental in developing their strategy to disrupt the incumbent taxi monopolies.This is one of the most fascinating stories in the recent history of regulatory hacking.In this episode, we're demystifying political misconceptions and looking into practical advice for entrepreneurs on navigating regulatory roadblocks and changing them for their benefit.Key Takeaways:* Every policy output is the result of political input. Every politician makes every decision solely based on reelection and nothing else.* The vast majority of companies are regulated in some way. Rather than avoid dealing with regulations, run with the mindset that you'll figure it out. * To hack the regulatory system, you need to take into consideration that:* 1) The level of government really matters—focus on doing things on a local or state level rather than a federal level;* 2) Get your customers to advocate for you More about Bradley's work:* bradleytusk.com* Tusk Venture Partners* Podcast – Firewall* Book – The Fixer: My Adventures Saving Startups from Death by Politics Get full access to Stranded Technologies at www.strandedtechnologies.com/subscribe
Ep. 82: Alex Tabarrok Interviews Próspera CEO, Erick Brimen, on Crafting A Regulatory Platform to Unlock Entrepreneurship
Apr 20 2024
Ep. 82: Alex Tabarrok Interviews Próspera CEO, Erick Brimen, on Crafting A Regulatory Platform to Unlock Entrepreneurship
What if you could choose the set of laws under which your company is regulated?Honduran reformers have developed a model to facilitate collaboration between foreign capital and local institutions in Honduras, leveraging external resources and expertise to develop an alternative to the levels of instability, crime, and corruption that prevailing institutions have been unable to address sufficiently.But how do you encourage foreign investment in a country with this high-risk level?That's where Próspera's framework comes into play. It protects property rights effectively and gives entrepreneurs flexibility over how they’re regulated.No "one size fits all" law exists for all industries and businesses, so this flexibility is crucial, especially in industries like medicine, where regulatory approvals and licensing requirements vary widely between countries and pose significant barriers to entry.This system allows products approved in one country, practitioners licensed in another, and innovative procedures from yet another to have an easier path to acceptance within Próspera's framework, fostering rapid business and technology development.Moreover, Próspera aims to redefine standards of constitutional governance. It integrates best practices of common law from centuries past with novel elements like regulatory elections, medical reciprocity, 3D property rights, and air rights resolution mechanisms. This comprehensive approach is a step toward advancing governance for the 21st century and beyond. If you're an entrepreneur interested in taking advantage of this regulatory framework for your business, please fill out this form!Further links:* Infinita VC* Vitalia City Get full access to Stranded Technologies at www.strandedtechnologies.com/subscribe
Ep. 80: Naval Ravikant On Why The Future Is Brighter
Mar 6 2024
Ep. 80: Naval Ravikant On Why The Future Is Brighter
“What’s more important than living forever?” At Vitalia, Naval Ravikant outed himself as a longevity maximalist. This is a compilation article with 7 key takeaways from the Fireside Chat with Niklas Anzinger at the AI & Technological Progress Conference, a summit in Roatán, Honduras.#1 | The Future Is *Actually* Brighter.“It just takes one person to make a breakthrough for humanity.One person who invents the steam engine, one person who discovers relativity, one person who discovers an anti-aging solution.”Technology is the scaling mechanism for individuals to benefit the world at large.People are smart on their own and even smarter together.We collaborate across cultures by sharing stories and traditions and joining organizations to achieve big things.#2 | Why Would Someone Want To Live Longer?“Longevity is not for everyone.” – Naval.The idea of "making death optional" shows a push to extend life, challenging the established paradigm that death is inevitable.This seems like common sense. Life is good.So why do people fear the idea? Naval thinks it could be negative feelings about ourselves. #3 | What Comes First: Scientific Theory or Entrepreneurial Tinkering?Both! They build on each other. Theoretical thinkers give us important concepts, but most progress happens when people try things out and solve problems.AI can help put together information we already have, but real creativity means coming up with new ideas and tinkering in the real world. People are really good at connecting different things creatively, in ways in which AI is still very limited (so, no, AI is nowhere near to replacing humans)!#4 | Be Optimistic On The General Things And Be Skeptical About Specific Things.David Deutsch talks about the "fun criterion," saying that exploring what excites us leads to better understanding. The general things we care about we can hold with optimism.But it's also important to be careful and question things, ensuring we're focused on the truth. If you’re not skeptical about the specific details, you won’t execute or pick with precision.Broadly: remain open-minded.Narrowly: question everything.#5 | Regulation and Innovation in Healthcare.In sectors like healthcare, regulations meant to reduce risks can slow down new ideas and progress.The problem is that these rules ignore the potential benefits that new ideas can bring, such as life-saving treatments.As the founder of Angellist, Naval once succeeded with the “voice” strategy to lobby the government to change investment laws. However, now he believes it’s too hard, and it’s better to do an “exit” to make progress on longevity and new medical treatments.#6 | How Do You Find What's True In A World Full Of Wrong Ideas?Through trying things and getting real feedback!Nature and free markets are great examples of systems that give honest feedback.Even though society sometimes spreads wrong ideas, people must stay open-minded and change their beliefs when they get new information.Being sure of something but willing to change your mind helps us learn and grow.Biotech is an especially hard field because we don’t know the first-principle engineering that went into creating the human body. That’s why only a system of continuous feedback and rapid innovation can lead to the key breakthroughs in longevity biotech.#7 | Rethinking Traditional Ways To Do Things.Philosophy and science is about “ideas having sex”. (Matt Ridley)Maybe you don’t need a Ph.D. to be a scientist; being curious and careful matters more.There can be more decentralized ways to fund and organize science, like using the internet to get patron support directly instead of large bureaucracies. There are better ways to do things than we're used to always doing.If you liked this episode or article, please consider supporting the “Stranded Technologies” publication (podcast + blog) to make it possible for us to make high-quality material.Further links:* Infinita VC* Vitalia City Get full access to Stranded Technologies at www.strandedtechnologies.com/subscribe
Ep. 79: Fireside Chat with Bryan Johnson, Aubrey De Grey, and Laurence Ion – Challenges In The Longevity Movement
Feb 21 2024
Ep. 79: Fireside Chat with Bryan Johnson, Aubrey De Grey, and Laurence Ion – Challenges In The Longevity Movement
How compatible are two very different giants in the longevity movement? Aubrey de Grey, the iconic and highly academically decorated bioscientist, paved the way for the early stages of scientific development, and Bryan Johnson, the software mogul turned one-man experiment and chief meme officer of longevity, focuses on the intersection of lifestyle and research.Do their very different approaches go together?They do! Let’s explore how they overlap with each other and how they are giving shape to the longevity movement. They navigate the intricate landscape of scientific advancement, with Aubrey opening the area of possibility through scientific progress and Bryan developing broader accessibility of solutions.Advancing From Early Stage DiscoveryIn society, when someone demonstrates what's possible, it inspires others to follow suit. “My goal is to shift the current trend from being offensive, weird, and eccentric to being amazing through Blueprint.” – Bryan JohnsonChange is inevitable because humans tend to doubt new technologies initially, but once they're available and add value to people’s lives, adoption grows, and it becomes the new normal. This is a recurring pattern in history; therefore, we should question our initial skepticism.Collaborations With The Traditional Clinical SidesWorking together with clinicians is crucial. PhDs and MDs have different approaches, but they both understand the end goal: reducing human suffering. The process from lab to clinic is rocky and time-consuming, but there are pathways to streamline and accelerate. Although people like Bryan Johnson play a significant role in advancing the mainstream medical profession, they intelligently contribute by collecting relevant data to expedite the process of ensuring the safety and effectiveness of medical innovations, making them accessible to a wider audience beyond just the early adopters.Why Hasn't There Been A Moonshot For Longevity Yet?Traditionally, the Far East has been slower to embrace longevity research despite factors like respect for the elderly, demographic challenges, and technological prowess. Recently, this mindset might be changing, and if so, it could pave the way for a significant initiative akin to the Apollo project. One hurdle in the West is the centralization of science funding.  Public officials act based on a desire for re-election and public opinion, but the public has a presumption against new technology. The solution could be more independent science funding, such as VitaDAO, and more “direct democracy,” such as citizen science.  Aubrey's innovation and Bryan's practical focus signify the diverse strategies required for advancement, emphasizing the integration of discovery, clinical application, and societal acceptance of mainstream longevity technologies. Despite cultural and political challenges, this fireside chat underscores the potential for transformative initiatives and the necessity of collective action in propelling the longevity movement forward. Get full access to Stranded Technologies at www.strandedtechnologies.com/subscribe
Ep. 78: Fireside Chat with Balaji Srinivasan & Niklas Anzinger – Longevity As The Ultimate Technology
Feb 12 2024
Ep. 78: Fireside Chat with Balaji Srinivasan & Niklas Anzinger – Longevity As The Ultimate Technology
In this fireside chat with Balaji Srinivasan and Niklas Anzinger at the Startup Societies & Crypto Cities Conference in Vitalia, they discussed the importance of longevity and its impact on technologies, as well as a strategy to breakthrough existing systems to develop your project.This brief article summarizes key points of the conversation, giving you an advisory perspective on how to approach your journey in innovation.Having More Time To Do More ThingsLongevity is the ultimate technology for the core reason that it gives you more time to do everything else. “Look around. All that clutter used to be money. All that money used to be time.” – Unknown.The impact of longevity in technology falls into the premise that time is money.* If it’s cheaper, you spend less time buying it, meaning less of your life is devoted to the purchase.* If it's faster, it takes less time to reach a destination, saving more time in your life.* If it’s better, it requires less mental effort to understand how it works.Almost every technology saves you time, whether seconds, minutes, hours, or days of life. On the other side, inflation diminishes your wealth over time, as what you worked for loses value.That's why longevity serves as our true wealth reserve. With more time in life, you can do more.Approaching The Challenges To Innovate in Longevity“If you’re serious about technology, you need your own sovereignty.”Innovating in longevity comes with a series of obstacles, just as innovating in any other technology does.Take a look at some current tech conflicts, such as SpaceX vs the FAA, AI being attacked by the NYT, crypto being attacked by the SEC, or biotech being held back by the FDA.You must be prepared to do whatever it takes to make a change and leave a lasting impact. This doesn’t mean compromising integrity but rather being ready to challenge established systems and barriers. Fundamentally, petitioning an existing government for permission is ineffective. Just as Netflix didn't ask Blockbuster for permission, Apple didn't seek Blackberry's approval, and Amazon didn't request consent from Barnes & Noble, the new disruptor aims to replace the old system entirely.When facing obstacles from established institutions, it's not about seeking their permission but rather acknowledging their presence and negotiating with them if necessary. However, the focus remains on progressing without their permission.It’s easier to start Bitcoin than to reform the US Federal Reserve, it’s easier to start a new country than to reform the FDA, it’s easier to start a new city than to reform San Francisco. Engage with these entities solely to demonstrate their shortcomings and gather support for positive change.“Cloud first, land last; but not land never.” – Parallel Establishment* Parallel Societies: These are physical communities like Prospera, Culdesac, and Cabin. They represent vertical structures from physical presence.* Parallel Institutions: These are digital entities replacing traditional systems like education and transportation. For instance, cryptocurrency serves as a parallel to traditional finance. These represent horizontal structures from digital presence.Both the parallel societies and institutions combine in a grid to construct an alternative system that can stand in contrast to existing structures.While it’s possible to establish a billion-dollar business online, you still need a billion permits to build something in your backyard. This is the tension between “the network” and “the state” that our world goes through day by day. Get full access to Stranded Technologies at www.strandedtechnologies.com/subscribe
Ep. 77: Tyler Cowen – Unearthing the GOAT, Technological Progress in the Post-Great Stagnation Era and Special Economic Zones
Jan 5 2024
Ep. 77: Tyler Cowen – Unearthing the GOAT, Technological Progress in the Post-Great Stagnation Era and Special Economic Zones
Tyler Cowen is a professor at George Mason University, creator of the Marginal Revolution blog, founder of the Emergent Ventures grant program, podcast host of "Conversations with Tyler," and author of numerous books, including "The Great Stagnation."Evaluating Economists and Their ContributionsIn Tyler’s latest book, "GOAT: Greatest Economist Of All Time," he explores the contributions of renowned economists like Milton Friedman, John Maynard Keynes, Friedrich Hayek, John Stuart Mill, Malthus, and Adam Smith.The Post-Great Stagnation Era Has BegunIn his 2011 book, "The Great Stagnation," Tyler Cowen argued that technological progress had slowed significantly since 1973. While initially met with skepticism, this idea gained acceptance over time. Cowen's central thesis was that low-hanging technological fruit had been picked, but optimism emerged from the potential of the internet to drive a new wave of innovations.However, already in his 2011 book, Cowen believed that society has moved beyond the Great Stagnation due to a new wave of innovation enabled by the internet.. In the past few years, we have seen breakthroughs like mRNA vaccines and AI. That is good news. However, regulatory challenges persist, particularly in biotech and pharmaceuticals. There is still lots more that can be done through deregulation or innovation in governance.Small Jurisdictions & SEZs as Governance Experiments.There’s potential for smaller countries to enact significant reforms and catalyze positive change. Tyler witnessed New Zealand's successful reforms in the early 1990s. He views charter cities and special economic zones as great drivers for innovation in governance. A key challenge is the reluctance of governments to permit these experiments, often driven by concerns about their reputation or sovereignty, particularly in less stable regions.But there are many successes with these zones; the overall record is quite robust, and we now have a clear understanding of how to execute these actions effectively. It's not merely a formula but rather a proven approach, looking at examples from China, Ireland, or the Dominican Republic.Soon, Tyler is visiting the Próspera ZEDE, a special economic zone in Honduras, for Vitalia – a two-month longevity biotech acceleration camp. If you want to visit us there, apply here →More about Tyler’s work:* LinkedIn* Twitter* Conversations with Tyler Podcast Get full access to Stranded Technologies at www.strandedtechnologies.com/subscribe
Ep. 76: Iyinoluwa Aboyeji - Africa's Tech Mogul is a Policy Entrepreneur and City Builder
Dec 15 2023
Ep. 76: Iyinoluwa Aboyeji - Africa's Tech Mogul is a Policy Entrepreneur and City Builder
* Iyinoluwa (“E”) Aboyeji had an outsized influence on the startup landscape in Africa with Andela and Flutterwave (both top-10 unicorns in Africa)* Surprisingly, to become a successful startup entrepreneur he had to become a policy entrepreneur and remove regulatory bottlenecks* With Itana, a charter city in a free zone in Lagos, Nigeria, E is doubling down on creating an enabling policy environment for African’s tech talentE’s entrepreneurial journey began with a spark of inspiration - watching the movie “The Social Network” and a fortuitous introduction to the world of startups by a friend and finding an early mentor in Palantir co-founder Joe Lonsdale.E went on to build one of the first successful tech startups in Africa and cited as one of the Top 100 most influential Africans by New African magazine in 2019.Andela: One Of The First Successful Tech Startups In AfricaIn its early days, Andela had to establish a new culture in Nigeria. This cultural shift, emphasizing principles such as punctuality and performance, profoundly impacted Nigeria's entrepreneurship and tech landscape. Andela pioneered remote work and empowered technical talent, inspiring other companies to follow suit.Regulation often presents significant hurdles to innovation, a challenge particularly pronounced during Andela's early days in Africa's startup landscape.A key lesson from Iyinoluwa's experiences is the paramount importance of aligning with others' objectives and the value of proactive engagement with regulators, e.g. to shape favorable regulations before the business launch proved invaluable.Itana: Africa’s First Digital Free Zone – Crafting Digital Economy And Financial ServicesItana aims to become a hub for the digital economy and financial services sectors. Unlike traditional free zones primarily designed for manufacturing and trade, Itana focuses on the unique needs of service-oriented and digital businesses.Itana's innovation operates on two fronts. It creates an inviting policy environment through business incorporation and access to financial services. It also addresses infrastructure gaps, offering workspaces and well-run electricity and internet.Initiatives like Itana's free zone status are needed to transform Africa. Its entrepreneurs lack stable legal, financial and even physical infrastructure to thrive.E’s work perfectly aligns with Infinita’s mission to support founders in overcoming regulatory bottlenecks to unleash a new wave of technological progress.More about Iyinoluwa’s work:* LinkedIn* Twitter* Itana – Build a global business in Nigeria Get full access to Stranded Technologies at www.strandedtechnologies.com/subscribe
Ep. 75: Commons & Contracts, The Evolution of Peer-to-Peer and Community Governance w/ Michel Bauwens and Max Borders
Dec 9 2023
Ep. 75: Commons & Contracts, The Evolution of Peer-to-Peer and Community Governance w/ Michel Bauwens and Max Borders
In this episode, we debate with two major thinkers with different philosophies but also commonalities about governance and social evolution. Max Borders, author of “The Decentralist,” "The Social Singularity," and “After Collapse,” (a previous guest on the show) and Michel Bauwens, founder of the P2P Foundation and author of “The Political Economy of Peer Production”.The definition of “commons” is already a challenge, but we typically refer to inherited and collectively created goods, like air, oceans, and wildlife and shared institutions such as libraries, public spaces or scientific research. In Michel Bauwens definition, what is peculiar about commons is that they are governed by a community - not by market-only or state-only mechanisms.Michel is critical of both the market and state-led suppressions of local governance solutions to commons problems, where Max Border has a more proprietarian approach. These differences evolve into a deep discussion.To Michel, proprietarian solutions aren’t necessarily bad - they can be enabling solutions for commons governance, especially empowered by the internet and blockchain technologies. Max Borders replies that this is a feature, not a bug - proprietarian / libertarian solutions are meant to enable pluralism.Michel’s vision is one of "cosmo-local" dynamics, depicting a globally connected yet locally optimized system. As an open value network, co-production became pivotal in reallocating value from old systems to new ones through peer-to-peer capacities.We discuss the role of cryptocurrency for community-focused economic networks, the paradox of "trustless" systems and the importance of peer-to-peer exchange. We also talk about the right "exit strategies", the concept of network states and the importance of building societies that benefit local communities. All of us want to encourage more governance experimentation. Experimentation allows us to try out different ideas, and technology empowers us to scale those solutions that work from the local to the global level.More about Michel’s work:* P2P Foundation* LinkedInMore about Max’s work:* Underthrow Newsletter* LinkedIn Get full access to Stranded Technologies at www.strandedtechnologies.com/subscribe
Ep. 74: David Luftglass on the Promise of Uruguay SEZs for Export-Focused Industries, and Scaling A Global Cannabis Business
Nov 25 2023
Ep. 74: David Luftglass on the Promise of Uruguay SEZs for Export-Focused Industries, and Scaling A Global Cannabis Business
Ever wondered where SEZs in Latam are already a backbone of the economy? It’s in Uruguay, a country with stable governance, clear legal frameworks and many other advantages for export-focused businesses. Uruguay did many things right to create a business-friendly environment. It’s touted as the safest spot in Latam, and enjoys a high degree of civil and economic freedom. Now meet David Luftglass, the founder of the “Zenith” (TBD) Special Economic Zone. One of many zones, each with its unique flavor, from industrial science parks to towering structures tagged with the World Trade Center brand.David illuminates how the SEZ program works. They’re in the works of getting an approved 10-year renewable tax exemption, a great starting advantage for new industrial businesses that already struggle with high capital costs. It's like a sandbox for entrepreneurs, and the best part? The process is not a black box like it is for many other SEZs (Honduras had a great advantage there too, but the new government in power is damaging this). There are clear processes, templates, and even law firms to guide you through.But here's the beauty of it—these benefits aren't exclusive to big players. David is an experienced founder, but it’s still a new business not backed by $100+ millions like a big corporation. Tax exemptions for income, corporate gains, VAT, and export taxes for a startup. Imagine that!So, what's the plan? David is building more than just a city; he's building a community that builds many things from ag-tech to health and wellness, from true algae marvels to longevity labs, and even a nod to the cannabis and mushroom enthusiasts—these SEZs can become melting pots.Think co-working on steroids, with incubators and spaces where dreamers meet doers. And the perks? They're not reserved for the elite. Anyone stepping into the SEZ world gets a taste of the benefits.So, if you're reading this and your entrepreneurial spirit is tingling, Uruguay is calling. Uruguay's SEZs aren't just zones; they're an invitation to be part of a movement.Connect with David:* LinkedInLearn more about how Infinita supports founders overcoming regulatory bottlenecks through startup cities, network states, and crypto rails, to unleash a new wave of technological progress. Get full access to Stranded Technologies at www.strandedtechnologies.com/subscribe
Ep. 73: Matthew Queen on Pillars of Modern Risk Management: Insurance, the Impact of Regulation and New Domiciles
Nov 22 2023
Ep. 73: Matthew Queen on Pillars of Modern Risk Management: Insurance, the Impact of Regulation and New Domiciles
If you’re not excited *yet* about insurance regulation, this episode is for you!Matthew Queen and I uncover the often underestimated impact of insurance regulation on the global economy. In this podcast, we learn the importance of the legal structures of societies, and what SEZs like Próspera can do to improve them.Insurance is a peculiar product. It’s purely digital. It’s math about risks & probabilities.It is an important backbone of the global economy, not only for people to have a fallback when they’re experiencing misfortune, but also for businesses to manage risk.Risks abound for businesses, in a changing world. However, no external firm can assess your risk better than yourself - which is where captive insurance comes in: you can insure your risk yourself.Captive insurance is a sophisticated financial risk instrument for companies.Matthew Queen provides insights into the regulatory barriers for captive insurance, and how different jurisdictions are currently enabling the formation of captive insurance companies. The regulatory dynamics offer potential for small, nimble and digital jurisdictions like Próspera to offer efficient alternatives. There is a balance between regulation and innovation in the insurance market - it’s a market not naturally attuned to small companies to disrupt easily because of large capital requirements. This episode is a valuable resource not only for insurance entrepreneurs navigating industry complexities, but for any entrepreneurs with the ambition to build multinational companies to whom captive insurance can be a powerful tool.More about Matthew’s work:* Book: Modern Captive Insurance* Twitter* LinkedIn Get full access to Stranded Technologies at www.strandedtechnologies.com/subscribe
Ep. 68: Jim Pethokoukis on How to Create the Sci-Fi World We Were Promised, Conservative Futurism and the Genesis Clock for Technological Progress
Oct 4 2023
Ep. 68: Jim Pethokoukis on How to Create the Sci-Fi World We Were Promised, Conservative Futurism and the Genesis Clock for Technological Progress
Jim Pethokoukis is a policy analyst at the American Enterprise Institute, and writes the Faster, Please! newsletter on Substack.The subject of this conversation is Jim's new book "The Conservative Futurist - How to Create the Sci-Fi World We Were Promised."Ray Kurtzweil said in 1999:“The twenty-first century will be different. The human species, along with the computational technology it created, will be able to solve age-old problems of need, if not desire, and will be in a position to change the nature of mortality in a post-biological future.…The result will be far greater transformations in the first two decades of the twenty-first century than we saw in the entire twentieth century.” However, this future seems distant and progress towards it too slow. The covid-19 pandemic that took place against a backdrop of scarcity: "too little housing, too few immigrants, too few entrepreneurs, not enough clean energy, not enough slots at top colleges, and not enough high-quality infrastructure."This conversation is about how to counter The Great Stagnation, an "Upwing" vs. a "Downwing" culture and the "Three Tailwinds" that could accelerate Upwing such as a revival nuclear power or productivity boost due to artificial intelligence (AI).One idea to nurture that culture is the "Genesis Clock" as opposed to the famous "Doomsday Clock" from the Bulletin of Atomic Scientists. Jim suggests the Genesis Clock to tell humanity how close or distant it might be to a period so different from modern life that it would qualify as a new beginning for our civilisation. Get full access to Stranded Technologies at www.strandedtechnologies.com/subscribe
Ep. 66: The World’s Greatest Living Regulatory Economist - Sam Peltzman’s Intellectual Legacy, Bill Gurley’s Tirade Against Washington and Regulatory Capture Revisited
Sep 20 2023
Ep. 66: The World’s Greatest Living Regulatory Economist - Sam Peltzman’s Intellectual Legacy, Bill Gurley’s Tirade Against Washington and Regulatory Capture Revisited
Sam Peltzman is professor emeritus at the University of Chicago.Sam is was a graduate student to Milton Friedman and a contemporary to George Stigler, the famous economist who coined the term "regulatory capture".Regulatory capture is an important concept. AI and crypto is under fire by regulators.The legendary venture capitalist Bill Gurley gave a talk at the All-In Summit 2023 that went viral. He quoted Stigler's adage that "as a rule regulation is acquired by the industry and is designed and operated primarily for its benefit."The problem is that it's not true.Stigler asked the right question, but didn't give the correct answer.Sam Peltzman has thought and written extensively about this question for 50+ years since Stigler's famous article. The truth is simpler, but more sinister.In fact, we learn in this episode that it's not industry that seeks to be regulated. Even the pharma industry did not proactively lobby for more regulations - they resisted the landmark Kefeuver-Harris amendments (1963) that shaped the modern FDA.It's regulators who seek to regulate for their benefit.Bill Gurley might be on the right track commenting on Elizabeth Warren's behaviour towards tech: "You attack 'em they have to come to you.” This is a very nuanced episode on what might be the most important but least understood problem for greater progress in technology.Sam Peltzman's legacy helps us to understand what's coming at us.Yet his message is deeply optimistic: technology is still unstoppable. It can only be temporarily slowed down, not eliminated. Get full access to Stranded Technologies at www.strandedtechnologies.com/subscribe
Ep. 65: "Most Drugs Are Bad for You" - Robin Hanson & Sebastian Brunemeier Return, The Crisis of Health Outcomes, Sclerosis of Science and Special Jurisdictions as Solutions
Sep 14 2023
Ep. 65: "Most Drugs Are Bad for You" - Robin Hanson & Sebastian Brunemeier Return, The Crisis of Health Outcomes, Sclerosis of Science and Special Jurisdictions as Solutions
Two of the most popular previous guests are back: Sebastian Brunemeier, the General Partner of Healthspan Capital and CEO of ImmuneAGE Pharma, and Robin Hanson, Professor of Economics at George Mason University and iconic thinker.Sebastian previously talked about longevity biotech and decentralized science. Robin spoke about prediction markets and governance innovation.In this episode, we talk about the surprising science of health outcomes. Equipped with vast amounts of money and talent (18% of GDP), the healthcare market disappoints egregiously when it comes to making us living longer and healthy.Robin explains why that is: it's hidden motives in human behavior. We defer rational decision-making to authorities with the incentive to overmedicate us.Increased spending and more drugs make us worse.Sebastian can confirm as a practicing scientist how the pharma-industrial complex and regulatory monopoly are drivers of a massive misallocation of capital.However, we have now learned much about the potential of special jurisdictions, medical tourism, and regulatory flexibility.Niklas and Sebastian have worked together over the past year to implement some groundbreaking ideas in practice: life insurance coupled with healthcare, for example, is an idea that is waiting for the right jurisdiction to make it possible.At the following events, we'll gather renegade life scientists, biotechnology engineers, and crypto hackers to build the healthcare system of the future:Nov 3-5: Crypto Futures & Legal Engineering 2023 - A Próspera Builders' Summit https://lu.ma/crypto_legal2023Nov 17-19: DeSci & Longevity Biotech 2023 - A Próspera Builders' Summit https://lu.ma/longevity2023There is a unique event that we're currently collecting a waitlist for:Jan 6 - Mar 1: Vitalia - Starting the Frontier City of Life https://lu.ma/vitalia Get full access to Stranded Technologies at www.strandedtechnologies.com/subscribe