Jeff Bezos SHOCKS Crowd Supports Donald Trump

About this, he seems to have a lot of energy around reducing regulation. And my point of view, if I can help him do that, I'm going to help him, because we do have too much regulation in this country. This country is so set up right to grow. By the way, all of our problems, all of our economic problems, if you look at the deficit and the national debt and how gigantic it is as a portion of GDP, these are real problems, and they're real long-term problems. The way you get out of them is by outgrowing them. You're going to solve the problem of the national debt by making it a smaller percentage of GDP, not by shrinking the national debt, but by growing the GDP. You have to grow the denominator, and that means you have to have a growth mindset. We are the luckiest country in the world. We have all these natural resources, including energy independence. We have the best risk capital system in the world by far. Unfortunately, we don't utilize them all because of regulation. Point taken. People get confused about why the United States has so much venture success, so much entrepreneurial success. Why are the big tech companies here and not somewhere else? What's really going on with all this dynamism in this country compared to what we see elsewhere in the world? There are a bunch of reasons for that, but the biggest one, eight out of ten points, is that we have better risk capital. It's not the banking system. We have a good banking system, but risk capital really is a double-edged sword. If you go to third world countries, the biggest thing that holds back villages from growing and expanding into cities is lack of access to capital. There's a great book, I think it's called... I can't remember the name of it, but basically, let's just take a business for example. You want to do an excavation company. If you have the capital to buy a bigger and better excavator, you're going to be able to take on bigger and better jobs, therefore you're going to be able to make more money. So having access to that capital, being able to buy more equipment in my business, every time I've bought an equipment, the amount of profitability that my business has has increased, because I'm able to utilize those assets to make more money. If I didn't have access to the $100,000 to buy the equipment, I couldn't do that. So the risk capital system that we have in this country is turning out to be very hard for other countries to duplicate. So we have that. We have, you know, we speak English, and English is turning into the lingua franca of the whole world. There are so many advantages here, but we are burdened by excessive permitting and regulation. You can't build a bridge, and all these examples we see all the time. We need to be able to build solar fields and everything. So you're optimistic? I'm super optimistic about this President. The reason I'm very optimistic is that President Trump is serious about this regulatory agenda, and I think he's going to succeed. I think he has a good chance of succeeding, and we'll certainly be following it. So if you want to find out how great it's going to be, just make sure to subscribe to the channel. Let's keep going.

Let me ask one related question that I don't want to actually get into space, but it actually is an interesting segue to space, because we were talking earlier this morning to Sam Altman about Elon Musk and Elon Musk's relationship with the president. Interestingly, there's been a lot of questions about whether there could be the possibility that Elon, given his proximity, would make things difficult for people who are his competitors. Elon in the space context is your biggest competitor. Yes. Does this concern you? Well, they're certainly very able competitors. I mean, this is an arena where I have the... No, no, I know he's a great competitor. No, what I'm saying is, does it concern you his proximity? No, I was headed there, but I'm just saying they're certainly very good competitors. And no doubt, what has been said is that he is not going to use his political power to advantage his own companies or to disadvantage his competitors. I take that at face value. Again, I could be wrong about that, but I think it could be true. I think he probably is trying to, you know, this Department of Government Efficiency that he and Vivek are helping Trump with, and so on. I'd like to take... I've had a lot of success in life not being cynical, and I've very rarely been taken advantage of as a result. It's happened a couple of times, but not very often. I think that cynicism... why be cynical about that? Let's go into it hoping that the statements that have been made are true.

Since I'm a teenager. In fact, there's a high school newspaper article from Miami Palmetto Senior High. They wrote an article about my space plans, which I would tell everyone who would stand still long enough about. And those plans included what I still think, what I am still working on, which is moving all polluting industry off Earth. I know that sounds fantastical, so I beg the indulgence of this audience to bear with me. That's now it's literally on the pad now, waiting for regulatory approval. It needs its final regulatory approvals to launch, so we're very, very close. And if we can lower the costs enough, and we will, I mean it may take who knows how many years, but we can set up the preconditions where the next generation or the generation after that will be able to move polluting industry off Earth. And then this planet will be maintained as it should be. You can think of it as a zoned residential and light industry. If you want to use large amounts of energy and large amounts of pollutants, you go do that off Earth. So we get the best of both. We get to have this energy-intensive civilization, and almost everything is better today than it was. Infant mortality is better. Global illiteracy is better. Global poverty is far better. Everything really is better today. There's one exception to that, which is the natural world. The natural world, if you go back in time 500 years, we had pristine oceans, pristine rivers, pristine forests. That's part of the trade we've made. We're using up the natural world here. But space has infinite, for all practical purposes, infinite energy, infinite raw materials. So it's a very interesting philosophical choice, because one of the things you're talking about is trying to save the Earth. We've sent robotic probes to all of the planets in this solar system. This is the good one. And we must save it. We can choose how we want to live. You could imagine a world with enough technological sophistication where we can turn Earth into sort of a giant spaceship, air conditioned planet, and pave the whole thing. That's a bad future. We don't need to do that. Turning Earth into a human construct and destroying this natural ecosystem when it's so unique and such a precious thing would be a tragedy. The Moon is a good stepping stone to the rest of the solar system. The reason for that is because the Moon has much lower gravity than Earth, and it has a lot of very important minerals, and also water in the form of ice in the permanently shadowed craters at the poles. Ice can be converted into hydrogen and oxygen, which happen to be the very best, highest performing rocket propellants. It takes 28 times as much energy to raise a kilogram of mass from Earth as raising that same kilogram from the Moon. And to build solar arrays and all these other things you want to do, using lunar resources instead of Earth resources would provide a very convenient stepping stone to the rest of the solar system.