Matt Bitter

[Chamath Palihapitiya @chamath]

It may not feel this way at times, with so much political hyperpolarization, but the US is on the verge of a modern renaissance. It just needs the resolve to finish the job:

1) The marginal cost of energy is going to zero in the US. Residential solar + abundant industrial domestic hydrocarbons is creating a level of self reliance and oversupply that will be applied to all manner of hard problems where energy is a key and costly input. As the marginal cost of energy approaches zero, it will help domestic industries overcome the labor arbitrage that currently benefits other countries. American industry will thrive.

2) The marginal cost of computation is going to zero. AI will help get us there and the US is the clear leader. We are still in the early phases of this and still sorting through some premature excesses but the trend is obvious and along with (1), gives American companies the potential to rewrite our economy and then export the best of it to the rest of the world.

3) The end of cancel culture/wokeness and a rebirth of free speech are allowing all manner of people to highlight, without fear of retribution, that there are really only a few things that matter to everyone. It doesn’t mean that the myriad other issues don’t matter, just that they have their place and time.

I’ve never been more excited about the future in America. These things will happen over the next few years and they will benefit a broad cross section of our society.

Let’s finish the job. 💪🏽