Garrett Wright's banner
Garrett Wright's profile picture

Garrett Wright

@garrxttt • 8,923 subscribers

Talking Wealth Strategy, Economics, & Finance. Former Professional Hockey Player

Videos

garrxttt's profile picture

Palmer Luckey warns America cannot compete with China’s population advantage forever through innovation alone: “We need 1 BILLION Americans minimum. Probably more like 2 or 3 billion.” 🇺🇸🇨🇳 “Yes, we need to get our act together. We need to do better at manufacturing, at defense, all these things. But everything is just biting around the margins if we’re 350 million people and they’re 2 billion people who are roughly the same. How exceptional do we have to be to achieve a 10-to-1 ratio forever, in perpetuity? It’s not practical. It’s not logical. I would say it’s even possibly a racist thing to believe that we can be so much better than China and the Chinese people that we’ll just beat them with a tiny fraction of the population. We need to do better with what we’ve got. But we also just need a lot more people. We need 1 billion Americans minimum, probably more like 2 or 3 billion, with better demographics and better natural resources. The Dutch once had the most powerful navy in the world. They didn’t lose that position because they fell behind on factories or shipbuilding. They became economically irrelevant.” Both countries are competing with respect to declining birth rates. Both nations must be more willing to have children and expand the population growth exponentially over the next decade. The current economic path is unsustainable if our labor force begins to shrink even with artificial intelligence on the rise.

Garrett Wright

537,824 views • 8 days ago

garrxttt's profile picture

Palmer Luckey: “The U.S. and China will be like their own universes… and everybody else will be renting pieces of them.” 🇺🇸🇨🇳 “The U.S. and China will be in different worlds… almost like their own universes… and everybody else will be renting pieces of them. I think that’s pretty likely. There are a lot of people who look at a working-class American who’s against taxation and regulation and say, ‘Why is he voting against his own self-interest?’ But a lot of them understand something that the supposed elites do not: that regulatory climate, the one that allows for massive American dominance in technology, manufacturing, and productivity, is what makes America what it is. There are Americans who fundamentally understand that allowing innovation to happen is good for them. They understand that rockets going into space will make their lives better, even if it’s not directly. There are hungry people who would rather see a billion dollars go toward that than a food stamp program that would put extra food in their pantry. I don’t think you see that much in other countries.” We’re not far off from reaching a global oligopolistic type universe … where the two dominant powers control all essential outputs and everyone else is essentially renting space. Nations, countries, continents, all moving away from meaningful productivity growth, and becoming far too reliant on outdated economic metrics. Aggregate growth should be dependent on real output and not solely on fiscal spending and labor participation rates. We live in a world of slowing birth rates.

Garrett Wright

181,848 views • 12 days ago