Transcription
which had a thousand years of betterment of people, probability distribution of that.
Like fit into the world. It was a turning point in the international order. The eight decades of international order that have been organized around American leadership and the building of a liberal international order. The Trump administration very self-consciously wants to bring that era to an end. I think the word would be fracture. The world will increasingly be fractured or fragmented into parts and less of a single unified global system.
The longer issue is whether unpredictability becomes a sort of style, a kind of political style. But to the extent that it's politically successful, other people will mimic it. So I think a lot hangs on the elections, the midterm elections.
President Trump is going to appoint someone to head the Federal Reserve Board that will do exactly what he tells them to do. President Trump will get the monetary policy he wants, but the monetary policy he wants will only lead to inflation. The ironic thing is that you know inflation is terribly unpopular. Tariff policy creating inflation which voters don't like. Clearly, that will have some effect. If not on Trump, it will have an effect on whoever comes to power after Trump.
It's very familiar to me. It's the kind of world that I grew up in, which we thought had disappeared after 1990. You know, but that was a sort of foolish thing. You know, we're back in this world of power policy. It's more than temporary; it is a shift from one kind of order into another one that hasn't yet been defined. Interregnum, which is to say we're between two orders. But that's fine. You know, the rest of the world can go on without the United States. I'm English, you know, like, you know, we've been through that in England. You know, we had a gradual decline. The world reserve currency used to be the English pound, and then it wasn't. I think that's what history tells you.
Yeah. AI will become increasingly recognized as a source of power, both military power, economic power, also sort of social cultural power in terms of the propaganda, the having control over these models, how they should answer. The personality might start to have a significant impact on culture.
There's so much economic dynamism still in the United States, but many of these people are not committed to the United States. You know, like Mr. Musk could move to China tomorrow, you know, or the moon, or maybe Mars. You know, Peter Thiel famously got a passport in New Zealand.
I think there's a lot that South Korea can do in the coming year and beyond 2026 to help shape the agenda for security, for economics, and for kind of you might call it global problems, from pandemics to arms control. If there is like some bargain or some alliance for AI at some point, some countries that are sort of on the inside and other countries that are on the outside, then I think having these key industrial assets might also be something that makes it worth including South Korea in such an alliance.
Domestic political weakness creates foreign political weakness also. So I think to the extent that Koreans have domestic political problems, they need to find a way of coming together, you know, because that's a big problem internationally.
Trump. Venezuela. Forehene. Venezuela. What do you want? Fore global Best. Okay.