Ep 11. Will The Power of Capital Be Eclipsed by Technology? ft. Sebastian Mallaby

Tune in to The Great Tech Game Podcast as host Anirudh Suri and guest Sebastian Mallaby unravel the intricate dynamics of capital's rise to power in the modern world. From colorful characters in capitalism's history to parallels between historic adventure capitalism and today's venture capitalism, they explore it all. Dive into the tug of war between financiers and governments, analyze the evolution of hedge funds and venture capital, and ponder the globalization of the VC industry. Are we witnessing a shift from Wall Street to Silicon Valley? Will rising inequality lead to global conflict? Join the conversation on the future of AI, competition versus monopolies, and the geopolitical risks of a multipolar world. Don't miss out on this insightful exploration of the forces shaping our world today.---Sebastian Christopher Peter Mallaby, born in May 1964, is a prominent English journalist and author renowned for his expertise in international economics. Currently serving as the Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations (CFR), Mallaby also contributes as a columnist to The Washington Post. With a diverse portfolio, he has previously held positions such as contributing editor at the Financial Times and columnist/editorial board member at The Washington Post.Mallaby's insightful analyses and commentaries have graced prestigious publications like The New York Times, The Wall Street Journal, and the Atlantic Monthly. Notably, his 2012 essay in Foreign Affairs tackled the intricate subject of China's currency future. Among his notable literary contributions are "The Man Who Knew" (2016), "More Money Than God" (2010), and "The World's Banker" (2004), solidifying his reputation as a leading authority in the field of economics and global finance.---**Chapters:**Introduction - 0:00How did capital become such a powerful force in the world? - 4:15Colourful characters in capitalism - 7:28Parallels between 16th century Adventure Capitalism and today’s Venture capitalism - 9:08Tug of War between Financiers and Governments - 11:56Regulation of Finance and Tech: Parallels and Distinctions - 16:23Rise of the Hedge Fund Industry - 18:55Rise of the VC Industry - 21:35Why VC firms and Hedge Funds haven't been subsumed by Large Banks? - 23:56Globalisation of the VC industry? Unipolar or Multipolar VC World? - 26:33Duopoly of Tech and Capital: The Two Most Powerful Forces in the World Today - 36:21IS Power Shifting From Wall St to Silicon Valley? - 38:36Inequality and Capitalism - The Battle between Capital and Labour - 39:35Will Rising Inequality Lead to another World War? Or Populism? - 46:09Will AI cause greater divergence between Nations? The second great Divergence? - 48: 52Microsoft Taking Over Apple, in AI? - 52:04Competition or Monopolies - How will the AI Industry Shape Up? - 53:26Which Countries are the Major Emerging Powers? - 55:40Bipolar world or Multipolar World? - 57:35Key Geopolitical Risks of a Multipolar World - 59:13Sebastian’s Recommendations - Books and Podcast Guests - 1:02:55**Books** Sebastian:**The Power Law: Venture Capital and the Making of the New Future** - https://amzn.eu/d/0N1LYKo**More Money than God** - https://amzn.eu/d/goWCmMg**The Man Who Knew: The Life & Times of Alan Greenspan -** https://amzn.eu/d/7U4ZzSe**The World's Banker: A Story of Failed States -** https://amzn.eu/d/0oXfFoxAnirudh:The Great Tech Game by Anirudh Suri : [amzn.eu/d/1Su38My](http://amzn.eu/d/1Su38My)Follow Anirudh here:X: @anirudhsuriYoutube: @anirudh_suriLinkedin: @anirudhsuri/Instagram: @anirudh_suriFacebook: @AnirudhSuri.inWebsite: http://www.anirudhsuri.com/Book and Podcast: http://www.greattechgame.com/)#CapitalDynamics, #VentureCapital, #FinanceEvolution, #GlobalizationTrends, #WallStreetvsSiliconValley, #InequalityDebate, #AIandFuture, #CompetitionVsMonopoly, #GeopoliticalRisks, #ShapingOurWorld