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Cold War II: Niall Ferguson on The Emerging Conflict With China | Uncommon Knowledge | Peter Robinson and Niall Ferguson | Hoover Institution

Uncommon Knowledge

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The Importance of Democracy in the Innovation Race

The Chinese have been straightforwardly copying everything that has worked in the developed world. If we don't keep the channel open for legal immigration of very talented ambitious people, we will not win the technological race. About half the billion dollar unicorn companies created in this country since the mid 1990s were founded by immigrants. That's our superpower, importing talent and giving it capital. The real secret sauce of the United States is magnet for talent. Here are the resources that you couldn't get Elon into Africa or Canada. Only here is it possible for you to build those dreams. We need to get back to the kind of immigration system which really served us well from the 1980s-1990s. It

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