#516: America & The Art of the Possible with Chris Buskirk
Jun 21, 2024
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Writer and commentator Chris Buskirk discusses the destructive nature of ESG in finance, the need for a positive vision, and the impact of broken money. The conversation covers electric cars, regulation effects on capital allocation, generational groups, energy challenges, and exploring solutions like Bitcoin mining opportunities.
ESG hinders innovation and misallocates capital, leading to negative outcomes.
Society needs long-term visions focusing on stable families, innovation, and collective action.
Bitcoin mining can utilize flare gas for sustainable operations and economic benefits.
Deep dives
Bitcoin's Victory in Fiat Currency World
Bitcoin emerges as the victor in the realm of fiat currencies as central banks devalue their currencies, presenting a bold case for its importance.
Challenges of ESG and Misallocated Capital
The discussion delves into the challenges posed by ESG initiatives and their impact on innovation as well as the misallocation of capital, highlighting the lack of returns and detrimental consequences associated with these investments.
Vision for a Prosperous and Cohesive Society
The conversation emphasizes the need for a cohesive society with long-term visions that focus on essential aspects like stable families, sustainable prosperity, increased lifespan and health span, secure borders, and a focus on fostering collective action to address national priorities.
Innovation in Aerospace and Defense Technology
Entrepreneurs and companies are making significant strides in aerospace and defense technology, pushing the boundaries of innovation. By focusing on ambitious goals and being immersed in industries like SpaceX, individuals are leading groundbreaking advancements. Investments in defense tech showcase the excellence of founders driven by their vision and single-minded focus. These initiatives not only inspire confidence in the industry but also demonstrate the potential for impactful change.
Utilizing Flare Gas for Bitcoin Mining
Exploring the synergy between Bitcoin mining and energy, there is a unique opportunity to leverage flare gas for sustainable mining operations. By redirecting flare gas, companies can power Bitcoin mines efficiently, transforming a wasted resource into a profitable venture. This approach not only addresses environmental concerns related to methane emissions but also creates economic incentives to optimize energy usage and solve logistical challenges on a scalable level.
Marty sits down with Chris Buskirk to discuss the destruction wrought by ESG and moving forward with positive vision.
Chris on Twitter: https://x.com/thechrisbuskirk
1789 Capital: https://x.com/1789Capital
0:00 - Intro 0:50 - Start - ESG destroys innovation 3:53 - Conservative vibe shift 8:38 - River & Unchained 09:54 - Positive vision 15:58 - Positive vision specifics 24:24 - Gradually, Then Suddenly & Zaprite 26:01 - Broken money 28:39 - Electric cars 31:20 - What DC does to good people 35:31 - Take the white pill and think big 41:40 - What regulation did to capital allocation 45:49 - Generational groups and the remnant 51:37 - Energy 55:24 - Exploring causes 1:02:21 - Stranded gas 1:05:53 - Wrapping up