E2: Balaji Srinivasan on His Past and Future predictions, the Future of the Left and Right, and Why Tech Can’t Escape Politics

Balaji Srinivasan, author of The Network State and co-founder of Counsyl, talks to Erik Torenberg about his past and future predictions, the future of the left and right, and why tech will never be able to escape politics. Upstream with Erik Torenberg is part of the Turpentine podcast network. To learn more: Turpentine.co. Check out Shopify: https://shopify.com/torenberg for a $1/month trial period -- We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com. TIMESTAMPS: (00:00) Preview of episode (02:30) Why are the scariest words in the English language “Balaji was right” (07:06) When to reform vs start a new institution (09:50) Are ideas weapons? (13:31) Sponsors (15:30) You don’t start with a tech company anymore, you start with a tech community (18:58) Internet nationalism (22:06) What "political" means (26:20 ) Activist movements are like “pump and dumps” (29:40) What the sovereign individual misses (41:03) Bitcoin is still the flag of technology (45:38) Democrats will move to the right on immigration (57:20) Tech America vs Woke America (58:00) Why are tech people so woke? (1:03:39) The left will flip on diversity (1:05:00) The left is shifting from wokeism to statism (1:15:17) Bitcoiners will take over the right wing party (1:21:28) Elon Please support our sponsors: Beehiiv | Shopify | NetSuite | Secureframe | Mercury Head to Beehiiv, the newsletter platform built for growth, to power your own. Connect with premium brands, scale your audience, and deliver a beautiful UX that stands out in an inbox. 🐝to https://Beehiiv.com and use code "UPSTREAM" for 20% off your first three months - Shopify: https://shopify.com/torenberg for a $1/month trial period Shopify is the global commerce platform that helps you sell at every stage of your business. Shopify powers 10% of all ecommerce in the US. And Shopify's the global force behind Allbirds, Rothy's, and Brooklinen, and 1,000,000s of other entrepreneurs across 175 countries. From their all-in-one ecommerce platform, to their in-person POS system – wherever and whatever you're selling, Shopify's got you covered. With free Shopify Magic, sell more with less effort by whipping up captivating content that converts – from blog posts to product descriptions using AI. Sign up for $1/month trial period: https://shopify.com/torenberg. - Mercury: https://mercury.com/ Now more than ever, startup founders need a safe place to put their cash. Mercury protects your money and also provides the streamlined user experience that great founders expect through partner banks and their sweep networks.Mercury offers up to $5 million in FDIC insurance, which is 20 times the per-bank limit. They also make it easy to invest any cash above the FDIC-insured amount in a money market fund, a hundred thousand startups trust Mercury with their finances. I've been a happy Mercury customer and have found their team incredibly helpful and responsive. Mercury is a financial technology company, not a bank. Banking services are provided by Choice Financial Group and involve bank and trust members FDIC. -- This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at [email protected].