The Prof G Pod with Scott Galloway Emerging Technologies and China’s Crackdown on Tech — with Josh Wolfe
Aug 5, 2021
Josh Wolfe, co-founder of Lux Capital, discusses China's tech regulations and their implications for investors. He highlights exciting sectors like space and the metaverse, while critiquing what’s overhyped in tech innovation. Alongside him, Pascal Gauthier, CEO of Ledger, shares insights into the evolving crypto landscape and the importance of security through hardware wallets. The conversation dives deeply into how geopolitical tensions shape technology and the future of investments in this unpredictable space.
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China's Tech Crackdown
- China's crackdown on tech, disguised as protecting children, targets control.
- This reasserts CCP control and redirects focus to hard tech for geopolitical supremacy.
Investing in China
- Investing in Chinese companies is a bet on the CCP, not on assets.
- The CCP can change its mind anytime, creating substantial geopolitical risk.
China's Innovation
- China's crackdown signals a shift in focus, not a shutdown of innovation.
- Betting against the CCP is unwise; China's ascendance presents opportunities despite risks.