
The Great Tech Game Podcast: Geopolitics, Technology, Business and Global Affairs, with Anirudh Suri
Interested in geopolitics, technology, business, entrepreneurship and global affairs?
The Great Tech Game Podcast is the perfect podcast for you. Host Anirudh Suri, a tech venture capitalist, policy advisor, and bestselling author of The Great Tech Game, brings you smart, insightful conversations at the intersection of tech and geopolitics.
Listen to the carefully curated line up of the world's best thinkers on these themes. They will help you see the big picture, and in the process, understand how to get ahead in a world thats constantly being upended by technology and geopolitics.
Latest episodes

Mar 21, 2024 • 6min
Government Clampdowns on Wall Street vs Silicon Valley ft. Sebastian Mallaby (Clip 6)
In this episode, host Anirudh Suri engages in an insightful discussion with guest Sebastian Mallaby on the historical evolution of financial systems and the regulatory cycles over the past century. They explore the dynamics between private banking entities and public institutions like the central bank, focusing on significant periods such as the establishment of the Federal Reserve, the 1920s stock market bubble and the ensuing crash, and the 2008 financial crisis. They also draw parallels between these financial regulatory cycles and the current tug of war between big tech firms and governments, examining the systemic implications of financial versus technological excesses.

Mar 20, 2024 • 3min
Is a massive class conflict happening again?. (Clip 5)
In this episode, host Anirudh Suri discusses the rising levels of global inequality with guest Sebastian Mallaby. They delve into historical contexts, comparing today's socioeconomic conditions with the pre-World War I era, and contemplate the potential for significant socio-political movements. The conversation touches on the rise of populism, the impact of social media on perceptions of inequality, and its implications for political landscapes in the U.S. and Europe.

Mar 20, 2024 • 3min
Has Power Shifted from Wall Street to Silicon Valley? Ft. Sebastian Mallaby
Full Episode: https://youtu.be/CH-4yCU1BTs
Join host Anirudh Suri as he delves into a deep conversation with guest Sebastian Mallaby about the shifting dynamics between technology and capital. They discuss the current landscape where technology and venture capital are outshining traditional Wall Street firms, explore the exponential growth driven by advancements like artificial intelligence, and question whether the real power has shifted from financial institutions to tech innovators.
00:00 Introduction to Technology and Capital
00:24 The Dominance of Technology in Modern Capitalism
00:48 Venture Capital vs. Wall Street
01:04 Media Coverage and Market Valuations
01:22 Investment Comparisons: Tech vs. Wall Street
02:13 The Shift of Power to Silicon Valley
02:39 The Impact of Technological Advancements
**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
Anirudh:
The Great Tech Game by Anirudh Suri : [amzn.eu/d/1Su38My](http://amzn.eu/d/1Su38My)
Follow Anirudh here:
X (formerly Twitter): https://x.com/anirudhsuri
Youtube: https://www.youtube.com/@anirudh_suri
Linkedin: https://www.linkedin.com/in/anirudhsuri/
Instagram: https://www.instagram.com/anirudh_suri
Facebook: https://www.facebook.com/AnirudhSuri.in
Website: [www.anirudhsuri.com](http://www.anirudhsuri.com/)
Book and Podcast: [www.greattechgame.com](http://www.greattechgame.com/)
#TechAndCapital, #PowerShift, #VentureCapital, #WallStreetRegulation, #GlobalCapitalism, #TechFinance, #SequoiaCapital, #GoldmanSachs, #MorganStanley, #StockMarketValuations, #FinancialCrisis2008, #TechValuations, #AppleInvestments, #PowerLaw, #JohnGunn, #TheGreatGame, #SiliconValley, #MooresLaw, #ExponentialGrowth, #ArtificialIntelligence

Mar 19, 2024 • 8min
New Power Brokers - Hedge Funds and Venture Capitalists. (Clip 4)
In this episode, host Anirudh Suri discusses with guest Sebastian Mallaby the rise and influence of hedge funds and venture capital in the finance industry. They delve into how these players, absent in the 1920s and 1930s, have become powerful forces shaping the rules of the game today. The conversation covers the significant growth and role of hedge funds in market innovation and price discovery, and the risk-reward dynamics unique to venture capital. Mallaby also explains why these forms of capital deployment remain distinct from the operations within large traditional banks, attributing it to the differences in incentive structures.

Mar 19, 2024 • 5min
Future of Venture Capital - Unipolar or Multipolar
Full Episode: https://youtu.be/CH-4yCU1BTs
Host Anirudh Suri interviews Sebastian Mallaby disscus about the potential shift in the venture capital industry from a unipolar dominance by Silicon Valley to a multipolar landscape, how venture capital, which traditionally relies on taking big risks for massive upsides, is spreading beyond Northern California to regions like China, India, and Europe. The discussion highlights that growing local markets and cultural shifts toward accepting failure as a learning experience are pivotal in this transition. However, the success of venture capital in smaller markets, such as those in Africa, remains uncertain due to limited market size and the need for a unified market. They examines how the Silicon Valley mindset, which values failure as a stepping-stone, is essential for adopting the power law investment strategy inherent to venture capital success.
**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
Anirudh:
The Great Tech Game by Anirudh Suri : [amzn.eu/d/1Su38My](http://amzn.eu/d/1Su38My)
Follow Anirudh here:
X (formerly Twitter): https://x.com/anirudhsuri
Youtube: https://www.youtube.com/@anirudh_suri
Linkedin: https://www.linkedin.com/in/anirudhsuri/
Instagram: https://www.instagram.com/anirudh_suri
Facebook: https://www.facebook.com/AnirudhSuri.in
Website: [www.anirudhsuri.com](http://www.anirudhsuri.com/)
Book and Podcast: [www.greattechgame.com](http://www.greattechgame.com/)
#FinanceHistory, #EconomicCycles, #GovernmentIntervention, #CentralBanking, #FederalReserve, #BankingCrisis, #FinancialRegulation, #StockMarketCrash, #SecuritiesAndExchangeCommission, #FinancialInnovation, #DerivativesMarket, #FinancialCrisis2008, #BankBailout, #WallStreetHistory, #GreatDepression, #EconomicRegulation, #TechVsGovernment, #BigTechRegulation, #TechIndustry, #GovernmentVsTech

Mar 18, 2024 • 8min
New Power Brokers - Hedge Funds and Venture Capitalists
Full Episode: https://youtu.be/CH-4yCU1BTs
In this episode, host Anirudh Suri discusses with guest Sebastian Mallaby the rise and influence of hedge funds and venture capital in the finance industry. They delve into how these players, absent in the 1920s and 1930s, have become powerful forces shaping the rules of the game today. The conversation covers the significant growth and role of hedge funds in market innovation and price discovery, and the risk-reward dynamics unique to venture capital. Mallaby also explains why these forms of capital deployment remain distinct from the operations within large traditional banks, attributing it to the differences in incentive structures.
00:00 Introduction to New Players in Finance
00:31 The Evolution and Impact of Hedge Funds
02:50 Venture Capital: High Risk, High Reward
05:11 Comparing Hedge Funds and Venture Capital
05:49 Incentive Structures in Finance
**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
Anirudh:
The Great Tech Game by Anirudh Suri : [amzn.eu/d/1Su38My](http://amzn.eu/d/1Su38My)
Follow Anirudh here:
X (formerly Twitter): https://x.com/anirudhsuri
Youtube: https://www.youtube.com/@anirudh_suri
Linkedin: https://www.linkedin.com/in/anirudhsuri/
Instagram: https://www.instagram.com/anirudh_suri
Facebook: https://www.facebook.com/AnirudhSuri.in
Website: [www.anirudhsuri.com](http://www.anirudhsuri.com/)
Book and Podcast: [www.greattechgame.com](http://www.greattechgame.com/)
#VentureCapital, #HedgeFunds, #CapitalGame, #FinancialMarkets, #InvestmentStrategy, #TraditionalBanks, #Regulation, #FinancialInnovation, #PriceDiscovery, #StockMarket, #Startups, #InvestmentRisk, #AssetManagement, #HighReturns, #IncentiveStructures, #InvestmentFocus, #CorporateVentureCapital, #EconomicImpact, #TradingResearch, #PowerLaw

Mar 17, 2024 • 5min
Was Piketty wrong about capital causing inequality? (Clip 2)
In this episode, host Anirudh Suri engages in an insightful conversation with Sebastian Mallaby about the implications of a tech-driven economic world. They discuss the divergence in global economic trends, the increase and decrease of inequality, and the dynamics between labor and capital. Mallaby provides historical context, referencing Thomas Piketty's theories and examining periods where labor held significant negotiating power, such as the 1950s and 1960s in America. The conversation touches on the reversal of inequality trends post-COVID and stresses the non-deterministic nature of economic cycles.

Mar 17, 2024 • 7min
Why is a "Culture of Growth" so rare? feat. Joel Mokyr
The Clip dives into an in-depth conversation about the percentage of population that drives growth and development in a society, often termed as 'the intellectual lead.' The presence of these people across societies, the factors that may prevent them from contributing, and influences from education and political systems are key focus areas in the discussion. The role of culture, including its capacity for change and the significance of pluralism are also examined.
Full Episode Link
(Part 1): https://youtu.be/iV21apDujg8
(Part 2): https://youtu.be/j-EtfjGJbV0
00:00 Introduction: The Power of a Small Number
00:30 The Role of Education and Society in Nurturing Creativity
01:14 The Barriers to Unleashing Creative Potential
01:40 The Struggle for Intellectual Freedom in Different Societies
02:46 The Importance of Pluralism and Challenging Established Knowledge
03:32 The European Enlightenment and the Desanctification of Past Knowledge
04:53 The Difficulty of Overcoming Established Knowledge Systems
06:07 The Act of Rebellion in Knowledge Creation
In this two-part episode of The Great Tech Game podcast, host Anirudh Suri is joined by Joel Mokyr to dig deep into why some societies get rich, creative and successful while others don't.
Mokyr and Suri discuss examples of countries that have unshackled themselves from their past, such as 19th century Japan during the Meiji Restoration and the East Asian tigers. They also explore how India can reverse its brain drain and become a tech nation, and not remain just a talent nation.
Mokyr highlights the high levels of inequality being driven by the tech economy today, and both draw parallels with pre-WWI Europe and its experience with vast inequality driven by industrial capitalism. Jumping to the modern era, they discuss whether AI represents a new revolution in knowledge, or whether it is just hype.
About Joel Mokyr:
Joel Mokyr is Professor of Economics and History at Northwestern University. Joel Mokyr conducts research on the economic history of Europe, and specializes in the period 1750-1914. His current research is focused on the understanding of the economic and intellectual roots of technological progress and the growth of useful knowledge in European societies, as well as the impact that industrialization and economic progress have had on economic welfare.

Mar 16, 2024 • 7min
The new rising powers in a multipolar world ft. Sebastian Mallaby. (Clip 1) (Clip 1)
In this compelling episode, host Anirudh Suri converses with Sebastian Mallaby about the shifting dynamics of global power. They delve into the technological and capital trends propelling emerging powers like India, Indonesia, and Vietnam. Highlighting the transition from a bipolar to a multipolar world, Mallaby discusses the complexities and risks associated with this new geopolitical landscape. The conversation examines the decline of American dominance in multilateral institutions and the rise of regional governance structures such as the Quad and AUKUS.

Mar 16, 2024 • 6min
Government Clampdowns on Wall Street vs Silicon Valley ft. Sebastian Mallaby
Full Episode: https://youtu.be/CH-4yCU1BTs
In this episode, host Anirudh Suri engages in an insightful discussion with guest Sebastian Mallaby on the historical evolution of financial systems and the regulatory cycles over the past century. They explore the dynamics between private banking entities and public institutions like the central bank, focusing on significant periods such as the establishment of the Federal Reserve, the 1920s stock market bubble and the ensuing crash, and the 2008 financial crisis. They also draw parallels between these financial regulatory cycles and the current tug of war between big tech firms and governments, examining the systemic implications of financial versus technological excesses.
00:00 Introduction to Financial Systems
00:26 Historical Financial Cycles in the US
01:16 The Creation of the Federal Reserve
02:04 The 1920s Stock Market Bubble and Aftermath
02:53 Modern Financial Innovations and the 2008 Crisis
03:14 Government Regulation and Financial Cycles
03:50 Comparing Finance and Big Tech Regulation
04:59 The Impact of Financial and Tech Crises
**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
Anirudh:
The Great Tech Game by Anirudh Suri : [amzn.eu/d/1Su38My](http://amzn.eu/d/1Su38My)
Follow Anirudh here:
X (formerly Twitter): https://x.com/anirudhsuri
Youtube: https://www.youtube.com/@anirudh_suri
Linkedin: https://www.linkedin.com/in/anirudhsuri/
Instagram: https://www.instagram.com/anirudh_suri
Facebook: https://www.facebook.com/AnirudhSuri.in
Website: [www.anirudhsuri.com](http://www.anirudhsuri.com/)
Book and Podcast: [www.greattechgame.com](http://www.greattechgame.com/)
#govtvsfinance, #financialhistory, #centralbanks, #hedgefunds, #venturecapital, #governmentregulation, #financialcrisis, #FederalReserve, #WallStreet, #stockmarketbubble, #SecuritiesAndExchangeCommission, #GreatDepression, #economiccycles, #financialinnovation, #2008financialcrisis, #techregulation, #bigtechvsgovernment, #AIregulation, #socialmedia, #congressionalhearings