Surprising Decline in State Capacity Across Partisan Lines

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The surprising insight is the visible decline in the state capacity in the US under various administrations such as Bush, Obama, and notably under Trump, which has continued under Biden. Despite initial concerns about new governments implementing aggressive surveillance tactics, both Trump and Biden administrations have not turned out to be as controlling as feared. The reduction in state capacity has been evident in various domestic and foreign affairs, indicating a trend of diminishing federal control over multiple critical areas.

Balaji Srinivasan makes a return appearance to The Knowledge Project, this time to go in-depth on Web3, Crypto, and the state of the world today. Srinivasan offers his unfiltered thoughts on the advantages and disadvantages of established democracies, the Russia-Ukraine situation, housing as an investment, education, legacy wealth, and which country he would bet on to dominate the future.

Srinivasan is the former CTO of Coinbase and General Partner at Andreessen Horowitz, and is an early investor in many successful tech companies and crypto protocols. He is also the author of the book The Network State: How To Start a New Country.

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