Bhu Srinivasan III Quotes

In 10 years, ... you're going to see the most valuable economy in the world -- the largest economy in the world -- is going to be a country run by communists. The Chinese seem to be very good at capitalism. And this is going to have fundamental problems and present an identity crisis for the United States. Because for a long time, free markets coincided with liberties such as free speech, free press, free religion. And all of a sudden, this equation is going to be decoupled. And when it gets decoupled, we might find that democracy, the multitude of voices, actually impedes capitalism because a state that does not have any pretense of limited government can very quickly mandate a regulatory framework for drones, for electric cars, for self-driving cars, for any new innovation where they feel that they can leapfrog Western societies. And this is a very unique thing in the American experience. And this is why it's very important to think of American capitalism as an operating system and not as an ideology. Because when you think about it as an ideology, you can have good politics make for very, very bad policy. That market outcomes and democratic voices and battles for votes can end up stifling progress.

 
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  • Born:
  • Nationality: American
  • Profession: Historian
Biography

Bhu Srinivasan is a historian of Capitalism and is the author of "Americana: A 400-Year History of American Capitalism". Starting in the late 90s, his career provided him a front-row seat to the Internet boom as a founder of a venture-backed startup in news aggregation. His experience spans gaming, publishing, and financial data. At the age of eight, Bhu immigrated to America from India and has since lived in the American South, the Rust Belt, Southern California, and the Northwest. He currently resides in Connecticut with his wife and four children.

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