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All-In PodcastAll-In Podcast

E42: China's tech crackdown, CRISPR breakthrough, practical climate change solutions & more

Show Notes: 0:00 Quick vaccine passports update 17:15 China's massive tech crackdown: reasons, ramifications, & more 37:37 How will large firms & institutional investors react to the CCP's recent regulatory moves, mechanics of delisting public companies 41:25 CRISPR breakthrough, future possibilities 50:18 Taking the right approach to climate change with respect to population growth & consumption, carbon markets, practical solutions 1:06:03 Quentin Tarantino's approach & impact on Sacks, Chamath's poker story Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg Intro Video Credit: https://twitter.com/TheZachEffect Referenced in the show: NYT - N.F.L. Sets Stiff Penalties for the Unvaccinated, Jolting Teams https://www.nytimes.com/2021/07/23/sports/football/nfl-vaccination-policy.html WSJ - Google, Facebook to Require Vaccinations for On-Campus Workers https://www.wsj.com/articles/google-to-require-vaccinations-for-on-campus-workers-11627491628 AP - Biden orders tough new vaccination rules for federal workers https://apnews.com/article/lifestyle-joe-biden-business-health-travel-a1670ffa08f1f2eab42c675d99f1d9ad Bloomberg - NYC’s Top Dining Rooms Will Start Requiring Proof of Vaccination https://www.bloomberg.com/news/articles/2021-07-29/danny-meyer-restaurants-start-requiring-vaccination-for-indoor-dining NBC Chicago - Scams and Fake Vaccination Cards: Lollapalooza Put To The Test https://www.nbcchicago.com/news/local/scams-and-fake-vaccination-cards-lollapalooza-put-to-the-test/2569984/ WSJ - Covid-19 Pill Race Heats Up as Japanese Firm Vies With Pfizer, Merck https://www.wsj.com/articles/covid-19-pill-race-heats-up-as-japanese-firm-vies-with-pfizer-merck-11627205403 WSJ - ByteDance Shelved IPO Intentions After Chinese Regulators Warned About Data Security https://www.wsj.com/articles/bytedance-shelvedipo-intentions-after-chinese-regulators-warned-about-data-security-11626078000 Reuters - ByteDance founder tells staff he’s shifting away from CEO’s daily work -sources https://www.reuters.com/business/tiktok-owner-bytedances-2020-revenue-soars-net-loss-45-bln-memo-2021-06-17 Bloomberg - China Weighs Unprecedented Penalty for Didi After U.S. IPO https://www.bloomberg.com/news/articles/2021-07-22/china-is-said-to-weigh-unprecedented-penalty-for-didi-after-ipo?srnd=cybersecurity Seeking Alpha - SoftBank's Didi stake loses $4B in value amid regulatory crackdown https://seekingalpha.com/news/3719027-softbanks-didi-stake-loses-4b-in-value-amid-regulatory-crackdown Bloomberg - China Education Tycoon Loses $15 Billion as Shares Tumble https://www.bloomberg.com/news/articles/2021-07-26/chinese-education-tycoon-loses-15-billion-as-shares-plunge-98 Bloomberg - China to Overhaul Education Sector ‘Hijacked by Capital’ https://www.bloomberg.com/news/articles/2021-07-25/china-to-overhaul-private-education-sector-hijacked-by-capital BBC - Tencent shares slide after Beijing crackdown on music rights https://www.bbc.com/news/business-57966023 NPR - He Inherited A Devastating Disease. A CRISPR Gene-Editing Breakthrough Stopped It https://www.npr.org/sections/health-shots/2021/06/26/1009817539/he-inherited-a-devastating-disease-a-crispr-gene-editing-breakthrough-stopped-it Science Magazine - CRISPR creates first genetically modified marsupials https://www.sciencemag.org/news/2021/07/crispr-creates-first-genetically-modified-marsupials #allin #tech #news

Jason CalacanishostDavid FriedberghostChamath Palihapitiyahost
Jul 29, 20211h 17mWatch on YouTube ↗

At a glance

WHAT IT’S REALLY ABOUT

China reins in tech, CRISPR cures advance, markets tackle climate

  1. The hosts cover the latest COVID-Delta dynamics, emphasizing vaccine effectiveness, the inevitability of mandates/passports via employers and businesses, and how Republican vaccine politics may affect U.S. midterms. They then dive into China’s escalating tech crackdown, arguing it signals a shift toward de facto nationalization, tighter data control, and financial decoupling from U.S. markets. The conversation moves to major CRISPR and mRNA breakthroughs, framing biology as an emerging programmable platform akin to software. They close by discussing market-based climate solutions—carbon pricing, negative emission technologies, and advanced batteries—arguing innovation and entrepreneurship, not degrowth, are the realistic path to solving climate change.

IDEAS WORTH REMEMBERING

5 ideas

Vaccine mandates are shifting from theory to practice via employers and businesses.

From Israel’s strict requirements to the NFL, Google, Facebook, Danny Meyer’s restaurants, and likely U.S. federal workers, the hosts argue that private and public institutions are converging on a de facto vaccine-passport world where being unvaccinated becomes logistically painful.

Republican leaders broadly support vaccines but ceded narrative ground to fringe voices.

They note nearly all major GOP governors and leaders are vaccinated and pro-vax, but say early silence allowed anti-vax fringe figures to dominate the conversation, potentially jeopardizing Republican midterm prospects and giving Democrats an unexpected opening.

China is reasserting CCP supremacy over tech, data, and capital flows.

Crackdowns on Ant, Didi, edtech, Tencent music, and IPOs are framed as Beijing redefining the bargain: economic interests are now explicitly subordinate to ‘national interests’ as defined by Xi and the CCP, with data and profits effectively under state control.

Investing in China now carries a permanent political risk discount.

The hosts argue China’s moves don’t end entrepreneurship but fundamentally change risk: foreign and domestic investors must now price in sudden rule changes, forced restructurings or take-privates, and limits on listing in U.S. markets, shifting China closer to a Russia-style risk profile.

Biology is becoming programmable, opening a new innovation frontier.

CRISPR trials that edit genes in vivo and mRNA “logic gate” platforms are likened to AWS and early computing stacks, suggesting future founders will treat many diseases as software-like problems and potentially enable enhancements, not just cures.

WORDS WORTH SAVING

5 quotes

“We are not going to allow any more devolution of power from the Chinese Communist Party into the hands of these internet entrepreneurs.”

Chamath Palihapitiya

“President Xi is saying there’s a new bargain: economic interests in China will be subordinate to national interests. Those national interests are defined by the CCP, and I run the CCP for life.”

David Sacks

“This isn’t free-market regulators having their way. This is a top-down decision to nationalize large parts of the economy, starting with technology.”

Chamath Palihapitiya

“The important thing to focus on is energy production. You’re never going to be able to shrink your consumption enough to eliminate carbon emissions.”

David Sacks

“Stop complaining, start building. These problems are solvable. There is an immigrant in the United States right now that will figure out how to conduct electricity without resistance.”

Chamath Palihapitiya

COVID-19 Delta variant, vaccine effectiveness, mandates and vaccine passportsPolitical implications of vaccine hesitancy and U.S. midterm electionsChina’s tech crackdown, data control, and de facto nationalization of platformsFinancial decoupling between Chinese and U.S. capital marketsCRISPR and mRNA breakthroughs as a programmable biology platformClimate change solutions: carbon markets, negative emissions, and new battery techInnovation, immigration, and entrepreneurial mindsets versus pessimism and degrowth

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