Ten Days That Didn’t Shake the World: Is it 1905 in AI Time?
Will 2026 be one of those grand historical years that change the world — like 1917, 1789 or 1968? Not according to Keith Teare, publisher of That Was The Week newsletter and co-host of our weekly tech roundup. For Keith, the best historical analogy is 1905, the year of the first abortive Russian revolution. The year that didn’t change the world.
Keith’s latest tech newsletter asks “What Time Is It?” His answer is that we have “multiple clocks” — micro and macro, short, medium, and long term to make sense of our current AI moment. This week, for example, OpenAI and Anthropic both shipped work-focused products, and most of the world hasn’t noticed. Thus his allusion to 1905. We are on the brink of massive change. But nothing is going to change. Not quite yet. Until everything does.
Five Takeaways
• It's 1905 in the AI Economy. Keith's answer to the what-time-is-it question is the failed Russian revolution — the moment when the variables of transformation were all in motion but nothing was yet visible, and which took seventy years to fully play out. AI's radical change is real, he argues, but it is being experienced by a small number of people and is not yet generalized through the economy. The evidence of the week: OpenAI and Anthropic both shipped work-focused products — and most of the world shrugged.
• The Socialist Temptation of Slippery Sam. The Wall Street Journal frames Altman's offer of 5% of OpenAI to Washington as socialism creeping into Silicon Valley. Keith — who hated the word even when he was a communist — says the term has been Americanized into meaninglessness: it now just means the capitalist state doing more. What Altman is actually proposing is capitalism's end game — a sovereign wealth fund holding equity in the companies everybody wants to fund, so that private wealth creation reaches the point where everyone can imagine benefiting from it. The precise opposite of British Leyland.
• The Multiple Clocks. Keith's framework sorts the week's flood of AI news into micro and macro issues running on short, medium, and long-term timelines. At the micro-short corner sits deployment friction: Microsoft and Amazon spending billions on forward-deployed engineers, and Apple suing OpenAI. In the middle, work adapts — the human as the driver of AI rather than AI imposed on humans. At the top sits Arvind Narayanan's idea of AI as a “normal technology,” which deflates hysteria without deflating importance: electricity was a normal technology too, and it still changed everything — just slower than its loudest advocates expected.
• Abundance and Its Discontents. Matt Yglesias argues that saving capitalism requires radical land use reform, which reignites the show's longest-running argument. Keith's case: the Elizabeth Line and the congestion zone have redefined London, multiplying its effective land fifty-fold, and a house twenty minutes from the center can be had for a couple of hundred thousand pounds. Andrew's case: prices haven't fallen, London is more expensive than ever, and free is doing a lot of work as “a tendency, not an achievement.” The quarrel is adjourned until next week, with Keith cheerfully moonlighting as a real estate agent.
• Two Americas — and the Small Stuff. Ivan Krastev tells Yascha Mounk that American exceptionalism ran roughly from 1850 to Vietnam and has been replaced by defensive preservation — MAGA as a reaction to decline rather than a vision. Noah Smith's version: America can't build a passenger train, yet its AI industry is upending the world. And against John Battelle's worry that digital life has lost the plot, Keith offers the week's best rejoinder to Ian Bogost's small stuff: go back in history, and no one had time for small things. What we are living through is creeping abundance. The week closes with farewells — to Psion founder David Potter, a week after Om Malik.
About the Guest
Keith Teare is the founder and editor of the That Was The Week tech newsletter, and Andrew’s weekly co-host. A British-born Silicon Valley entrepreneur and investor, he was a co-founder of TechCrunch and runs the Palo Alto–based venture firm SignalRank. He and Andrew have been arguing about technology — productively — every week for years.
References:
• That Was The Week — Keith’s newsletter; this week’s edition asks what time it is in the AI economy and lays out the multiple clocks framework.
• The Wall Street Journal piece on the socialist temptation of Sam Altman, and Altman’s proposal that the US government hold 5% of OpenAI.
• Arvind Narayanan — the Princeton computer scientist whose framing of AI as a “normal technology” anchors the civilizational clock.
• Matt Yglesias — whose piece argues that saving capitalism requires radical land use reform.
• Ivan Krastev — the Bulgarian political theorist, interviewed in Yascha Mounk’s Persuasion on why America has lost faith in itself.
• Noah Smith and Paul Krugman — on the American age and the perennial Europe-versus-US economic comparison, respectively.
• John Battelle — the Web 2.0 pioneer asking whether we’ve lost the plot, quoting Ian Bogost in Wired.
• The Small Stuff: How to Lead a More Gratifying Life by Ian Bogost (Simon & Schuster) — the interview of the week on Keen On America.
• The New Geography of Innovation by Mehran Gul (Avid Reader Press/Simon & Schuster) — also on this week’s show, on America, China, and everyone else.
• David Potter — the founder of Psion, builder of the first handheld computer and later a governor of the Bank of England, who died this week and is Keith’s post of the week.
About Keen On America
Nobody asks more awkward questions than the Anglo-American writer and filmmaker Andrew Keen. In Keen On America, Andrew brings his pointed Transatlantic wit to making sense of the United States — hosting daily interviews about the history and future of this now venerable Republic. With nearly 3,000 episodes since the show launched on TechCrunch in 2010, Keen On America is the most prolific intellectual interview show in the history of podcasting.
00:00:31 Andrew Keen: Hello, everybody. It's Saturday, July 11, 2026. I'll probably put this out actually on the July 12. 2026 is turning into an interesting year in historical terms. Some people think of it as 1917, 1789, 1848, 1968, kind of big year where everything changes. And that's the theme of Keith Teare's That Was the Week newsletter this week. He asked what time it is specifically in terms of AI, and he notes that a the AI economy has multiple clocks just like history, Keith, in a way. Is that fair?
00:01:16 Keith Teare: Yeah. I think of it as nineteen o five, Andrew.
00:01:19 Andrew Keen: Well, because of the failed Russian revolution or the, Russian Japanese war?
00:01:27 Keith Teare: Actually, both. They both were precursors to what happened, for about the next, I don't know, seventy years.
00:01:35 Andrew Keen: Well, let's remind everyone. Not everyone is as historically literate as you, Keith. What happened in nineteen o five?
00:01:43 Keith Teare: There was a revolution in Russia against the czar, from Saint Petersburg that was partially successful, but ultimately failed. It's when the word Menshevik and Bolshevik emerged out of that. And the Russian Japanese war was kind of a background, to that. And it basically set in motion all the variables that led to the Russian revolution, but, it also prefigured World War one. And, you know, that was a period just before it was obvious that, the world was gonna go through a transformation that resulted ultimately in American global leadership. But it took arguably, you know, seventy years, seventy or so years for that to play out. Well, a AI is at that very formative moment, I think, in the long it looked out from a long
00:02:41 Andrew Keen: So I take your point. I mean, you we'll talk about these multiple clocks that you lay out, in your editorial. But why nineteen o five when it comes to our current moment? Is it because we're expecting radical change and we're not getting it?
00:03:02 Keith Teare: I think it's not visible yet. So in a way, I do actually think we are getting radical change, but it's the only a small number of people, experiencing what's possible. It is not generalized through the economy yet. It isn't rolled out or deployed as that time clock says in the middle section. So, you know, I'm definitely experiencing it. I suspect you're experiencing it. This week, both OpenAI and Anthropic rolled out, an upgraded version of work. They call it Work, or Cowork in the case of Anthropic, which is all about making it useful to you in what you need to get done every day. And so it's it really is a very early stage of being fully formed.
00:03:52 Andrew Keen: Yeah. And it's interesting. One of the pieces you linked to, this week in your newsletter is something from the Wall Street Journal, on I'm quoting the headline, the socialist temptation of Sam Altman. So your nineteen o five analogy, metaphor is an interesting one. Is the AI economy, Keith, being tempted? As I mean, The Wall Street Journal is always telling us about the socialist temptation of somebody or other, but it, it is. Is our old friend Sam Altman slippery Sam as I like to think of him? Is he really being tempted by socialism, or is he tempting us with socialism?
00:04:37 Keith Teare: I must admit, socialism is a word I've grown to hate, because in the American context
00:04:44 Andrew Keen: As an old communist, that's quite a confession, Keith.
00:04:48 Keith Teare: Well, I even hated it then. That's why I was a communist, not a socialist. But, socialism really in American context, and European listeners will, maybe not appreciate this, simply means, the capitalist state. It means that the state does more. And so this word socialist has lost all historical meaning and has become Americanized. And what Sam Altman is doing is suggesting that the state should own 5% of OpenAI. That's the that's what's called the socialist temptation. Of course, it's not socialist at all. It's entirely capitalist.
00:05:27 Andrew Keen: Well, it's what Bernie Sanders and the left of the Democratic Party would describe themselves as democratic socialist.
00:05:36 Keith Teare: They do this
00:05:37 Andrew Keen: But you can have your I mean, some people would say you can't have your cake and eat it, but they say you can.
00:05:44 Keith Teare: Yeah. Look. Clearly, clearly, these words of you're historically literate, Andrew. You must appreciate as I do that these words have, have a completely new meaning and have been ripped out of their original context. So democratic socialist simply means a capitalist politician that wants more state intervention in the economy. And that, of course, isn't socialist. Socialism was historically understood to be, and I quote, the first phase of communism.
00:06:16 Andrew Keen: Well, that's according to the communists. But, anyway, I mean, we don't wanna get there was a debate for fifty years on the left about whether you could have socialism in a capitalist context or not. But we this is a show was supposed to be a show, Keith, and I blame myself for this for going down this road on tech rather than
00:06:38 Keith Teare: Yeah.
00:06:39 Andrew Keen: Politics. So sorry, go on.
00:06:41 Keith Teare: Oh, just to come back to your question and make it more relevant, my answer more relevant. Look. The state gets more and more involved in life over time, generally speaking, because society's complex needs get bigger and bigger. And private enterprise simply proves unwilling or unable, especially in infrastructure, to pay for things where there's no clear profit. And what that leads to is the state just rationally taking over more and more things. Even the American state does that. And I do think that is endemic to capitalism. But what Altman's talking about is something a little bit different. And, if you go beyond Altman to other people weighing in, it's very different. They're really talking about bypassing the state by having a sovereign wealth fund that holds equity in very successful companies. Not companies nobody wants to fund, but actually companies everybody wants to fund. It so it's very different. It's not
00:07:48 Andrew Keen: So it's not so, I mean, to come back to this piece by the journal, it's not really socialism. Or it's a new kind of socialism. I mean, it depends how you define the word. But it's a new role for the state in terms of capitalism.
00:08:05 Keith Teare: Not even the state, unless you call it a sovereign wealth fund the state. I guess in some small way is still the state. But a sovereign wealth fund typically acts independently and makes its own decisions separate from the government, based on pure economic, self interest, if you will. And so it what it really is a kind of end game in capitalism where private ownership of companies has reached the point of producing so much wealth that it's possible to imagine everybody benefiting from it. That's really never been the case in Canada.
00:08:43 Andrew Keen: It's the opposite of British Leyland. Remember that old British nationalist, nationalized car company that every time anything in The UK after the war got nationalized, it became incredibly inefficient and worthless. Yeah. It's the reverse of them.
00:08:57 Keith Teare: Yeah. Nationalization historically has been either saving something that's dying and usually failing to do that, or taking over, something that is considered monopolistic. But in America, that didn't really happen. It more split things up, to make it more competitive.
00:09:15 Andrew Keen: You had the whole antitrust offer. Let's get into your multiple clocks because it's an intriguing idea. You say the AI economy has multiple clocks, and you break it up into short, medium, and long term. So tell us what these clocks what's saying on all these different clocks? Of course, in your, in your visual of your editorial this week, the clock is at nine past ten, but those nine past tens are very different kinds of times.
00:09:46 Keith Teare: Yeah. So look. What I'm trying to do here is make logical sense out of, a huge flood of AI related news and stories and developments. And I decided that just for my own thinking, I wanted to divide it firstly into micro issues and macro issues. Big picture, small picture, or strategic and tactical, if you will. And then to put each of those on a short, medium, and long term timeline. Once you do that, you can put pretty much every story in one of these, rectangles. So at the micro level is what we all get obsessed with. So this week, OpenAI and Anthropic deployed new versions of both their models and their desktop applications. And, the box says deployment friction. They're all trying to get, especially businesses, to adopt AI to use it, and they're trying to provide tools that make that easier, for them to do. And it's very tactical. They're hiring large numbers of engineers, Microsoft and Amazon, both are spending several billion on what's called forward deployed engineers. And those forward deployed engineers are all about getting stuff adopted or deployed. That's the obsession of the moment in that bottom left hand corner.
00:11:14 Andrew Keen: And one of the pieces of news that might have been a bit late for the newsletter is that Apple is suing OpenAI for stealing its ideas or at least supposedly stealing its ideas. So there's a legal component to your micro workflows people experience.
00:11:31 Keith Teare: Yeah. And that's very short term, meaning that's probably the obsession for the next one to three years. In the medium term there on the micro, we've got work adapts, which is always takes longer because established practices have to be replaced or evolved towards new practices. But it's really about the human as the driver of AI as opposed to AI being imposed on humans. And it really it's really about the acceptance of a tool broadly in the economy.
00:12:07 Andrew Keen: We hope, of course. I mean, there is another narrative of them.
00:12:11 Keith Teare: Right. And then the long term micro is really all about how it affects our non work life.
00:12:18 Andrew Keen: Yeah. This is your civilization. This is where I think you and I probably disagree, and I'm quoting you. The fourth clock is long term civilization. I'm always a bit wary of that c word, and I'm quoting you. Arvind Narayanan, we'll come to his piece later, calls AI a normal technology. I like that phrase, and this is you. I like that phrase because it deflates hysteria without deflating importance. Electricity was a normal technology. The Internet was a normal technology. Normal technologies do not change the world by magic. They enter institutions, change workflows, change new jobs, destroy old ones, and take longer than their loudest advocates expect. I agree with that. But what's the civilizational element?
00:13:03 Keith Teare: Well, that goes back to the Altman piece. The civilization element is what kind of life can we afford for people, and what kind of life experience can they expect to have. And we know we're near answering that. If you look at the piece this week about, the education piece about, Brown, where the professor, is aghast at the fact that the students are using AI.
00:13:33 Andrew Keen: Yeah. I missed that piece. But, anyway, go on. Tell me about the piece. Who's it by?
00:13:37 Keith Teare: It's I can't remember who wrote it, to be honest. You'll have to we'll have to look and say the name, but it was in the, higher education, publication. And, what happened is he gave them a take home test, and they all got 90 plus percent. And he accused them of using AI collectively, and they forced them to take a similar
00:13:59 Andrew Keen: Oh, I did see that. Yeah. And then they none of them did very well.
00:14:03 Keith Teare: The average was in the forties, and he called it cheating. And that's because he is scoring memory. His the he his job, he believes, is to score memory. What you can remember from what you've read. It isn't really scoring understanding. It's scoring memory. And, you know, in response, I would say he is historically dated, although it doesn't appear that way. He appears to be in the right in the context we're in today.
00:14:31 Andrew Keen: Now back to nineteen o five, and of course, these kids for the privilege of maybe what you call learning memory, are paying a $100,000 a year at Brown, to enable this guy and people like him to maintain their lifestyles and ideologies.
00:14:49 Keith Teare: Yeah. So what life can we expect is, is an exciting question, to be honest, Andrew, because it the answer should be a way better one. And as we know, we've been going through this a couple of decades now where everyone says, well, the future life at American child is not gonna be as good as the parents. I think maybe now you can begin to see that it might be better than the parents, and that hasn't been true for a long time. So optimism becomes grounded.
00:15:20 Andrew Keen: You mean in the long term? Because we're currently not in a very optimistic moment. I mean, you and I, you're very optimistic. I'm cautiously optimistic.
00:15:29 Keith Teare: Yeah. But that's the micro. And then, of course, there's a whole macro stuff, the biggest of which in the short term is that everybody is complaining about how expensive AI is becoming, especially Anthropic. So Anthropic, everyone's turned against Anthropic, which is weird.
00:15:46 Andrew Keen: Well, you're already against them. So they're all following you, Keith. I'm not against Anthropic. I mean, it's a week to week thing.
00:15:53 Keith Teare: Yeah. Well, it is week to week, but, you know, just to name one podcast that's very influential, the All-In Podcast. Literally, they've all come down in favor of these Chinese open source models. On the bit why? Because Anthropic, you can't control the cost. And OpenAI this week when they launched their 5.6 Sol model, their selling point was that it uses way less tokens and can get things done faster. Therefore, it's cheaper. Not only better, but cheaper. So everyone's focused on price.
00:16:28 Andrew Keen: Yeah. Well, that All-In Podcast is also very pro American. I wonder what their friends in the White House, David Sacks, etcetera, I wonder what they think of that. In terms of getting to the future, Keith, you have an interesting piece by, Matt Yglesias, very influential blogger, writer, substacker, who argues that to save capitalism, we need radical land use reform. That's not very digital. That's not very AI. What's he saying? Why is land use reform so essential in terms of reforming capitalism?
00:17:00 Keith Teare: Well, land is highly regulated in The US. I mean, very regulated, and is mostly privately owned. And so if, collectively, we want to do something with land, it's almost impossible through the regulations to get the right to do it even if you're the government. Unlike, say, China where they can just
00:17:29 Andrew Keen: Right. And that was the whole point of the abundance book is that to build a proper high speed train in California, it's almost impossible. It costs billions of dollars to build a few 100 yards, whereas in China, for that same amount of money, they've the entire country because of land use. So, that's the problem. You and I mean, I'm always a bit wary of this abundance thing, and I'm your definition of abundance, not the Klein Thompson one, because I don't think they're quite as optimistic as you. I've always used the example of land, and you've always pooh poohed that saying, well, there's enough land, but there isn't enough land. And that's why in political terms, for example, abundance of land. I mean, you're gonna say, well, there's enough land if you share it around. And if you go around America, there's a lot of empty spaces, but no one wants to be in those empty spaces.
00:18:35 Keith Teare: Well, I'll give you an example that I think you'll identify with, Andrew, which is London. London is, one of the world's biggest cities. It's certainly quite crowded. What's happened over the last thirty years in London has changed the meaning of the word London to include areas some of them as far away as 30 to 40 miles away from London. And what did they do? The first thing they did is they created, a zone where cars couldn't come in without paying huge amounts of money. So they reduced the traffic. They built the Elizabeth Line, which runs east to west in London all the way to Reading, which is another city altogether on the East side [as spoken — Reading lies west of London] and all the way, almost all the way to, Essex on the other side.
00:19:25 Andrew Keen: Into Essex on the Yeah. Part of Brentwood. So okay.
00:19:28 Keith Teare: They built North South railways. They've built fantastic inner London railways. And the bus system is magnificent once you get there as is the underground. That infrastructure has turned the land in London into something about some something like 50 times more land than used to be defined as London.
00:19:50 Andrew Keen: Yeah. But that's all very well. Maybe that's true, but it hasn't brought down real estate prices. And in fact, most people complain increasingly about London that there aren't any Londoners left. That in if you go to Central London, the place you talk about where there are no cars, you're not allowed to drive, you barely hear English. I mean, I don't agree with that, and I certainly don't like the politics behind that. But it doesn't create an abundance. And then the whole your whole argument, your whole ideology of abundance is price is somehow brought down to zero. And if anything, London now is more expensive than it's ever been.
00:20:27 Keith Teare: I should've
00:20:27 Andrew Keen: done that. With or without the Elizabethan with or without the Elizabeth Line and, car free inner zone.
00:20:36 Keith Teare: Look. I don't know what you mean by expensive. I mean, like
00:20:40 Andrew Keen: Well, it's how you're not free to buy a place in London or rent a place in London, whether you're in Reading or in, well, Kensington.
00:20:49 Keith Teare: Yeah. But, the idea that, because something isn't free is ridiculous. I mean, free is an end game. It's not meant to be a short term objective, hence the need for this timeline. Free is a tendency, not it's not a achievement that's already in the bag.
00:21:07 Andrew Keen: What I mean that you can bring the price down.
00:21:10 Keith Teare: Wait. You can buy a really nice house now on the Elizabeth Line and get to Central London in twenty or thirty minutes maximum, for, you know, a couple of £100,000, which is,
00:21:24 Andrew Keen: which Yeah. You're gonna Well, let's
00:21:26 Keith Teare: It's similar to a house in Kansas.
00:21:30 Andrew Keen: Yeah. I mean, we don't have the data in front of us, but I would strongly disagree with that. You're saying that you can buy a house, a four bedroom house, on the Elizabethan Line for £200,000.
00:21:44 Keith Teare: You said
00:21:45 Andrew Keen: Yeah. Maybe let's address this next week. You show me the data if I'm that impossible to believe.
00:21:50 Keith Teare: I'll offer you some homes, Andrew, on the Elizabeth Line.
00:21:53 Andrew Keen: Right. I'm gonna go back and live in London if I can get a place, a four bedroom place for 200,000. By the way, you
00:21:58 Keith Teare: you can get a three bedroom condo right in the middle of the city of London, that would cost, I don't know, $5,000,000 in San Francisco for about £1,000,000.
00:22:10 Andrew Keen: Yeah. Well, are you maybe you should become a real estate agent, Keith. I'm suspicious of that. Let's talk also about America. You have a an interesting piece, from Noah Smith. I know he's one of your favorite substackers on the American age being the human age, and there's an element of nostalgia about your pieces. You also have a link with Yascha Mounk's Persuasion, an interview he did with the great Bulgarian social political theorist Ivan Krastev on why America has lost faith in itself. A week after July 4, two hundred and fifty year anniversary, Keith, what do these articles tell us about the decline or reappearance of America?
00:22:59 Keith Teare: Well, the Yascha Mounk one is interesting because it goes to the core. Krastev is basically saying that American exceptionalism, the idea that America is special, has had a very short life, really dating from about, 1850 or so up until maybe 1970, the Vietnam War. And the 1850.
00:23:37 Andrew Keen: But that's a short life maybe in world historical terms, but that's half of the whole history of the American Republic.
00:23:45 Keith Teare: Right. And he's making the point that it's gone. That there's no longer any confidence in America having a special purpose. It's been replaced by, a defensive preservation of America. I mean, even though MAGA is let's make America great again, the content is let's stop America declining. So it's very defensive. And so Trumpism is not really optimistic. It's reactive to decline. That's my words, not, Krastev's. But he zooms in on it, and he's kinda putting his finger on, the psychological idea of America and making the point that it's now been lost. So what is there left to believe in? And that in a way is the same point I made earlier about, the idea that your children will be worse off than you are. Maybe there's a glint now where that won't be true.
00:24:47 Andrew Keen: Yes. Smith comes to I think Smith puts his finger on something that's weird about America is that on the one hand, Americans can't build a functional passenger train network. We know that from Thompson and Klein's abundance. But on the other hand, the AI industry is American AI industry is upending the world. And then he goes on, our health care system costs twice as much as that of any other rich country and nations, but our houses are huge and luxurious. So there are two Americas. There's the America in radical decline and the America that's steaming ahead, especially of Europe. I mean, you have a piece on, from Paul Krugman, another of your favorite substackers on this perennial theme of European versus US economic performance. So America's weird. It's not in self evident decline, but people think it is.
00:25:44 Keith Teare: Well, Smith makes the point quite well that, and, obviously, he's abstracting here, and he's probably talking about DC more than anything. But he makes the point America's grown comfortable with stasis, and with the idea that local veto power overrides national projects. And so you end up with stasis and satisfaction with the way things are as opposed to a vision. Obviously, the opposite of someone like Elon Musk who lives in the future in his head and is totally unsatisfied with the way things are. And if you were to contrast Washington, DC with Elon Musk, you kinda get a sense of what old America used to be more like Elon Musk. You
00:26:31 Andrew Keen: We're not gonna have an Elon Musk argument today, but, it was interesting. I will come on to our interview of the week from my Keen On America show. But one of the other people I interviewed this week, and I think you'd like this interview actually, is with the Swiss based, geostrategic thinker, Mehran Gul. He has a new book out called The New Geography of Innovation, and he argues that American the American share of the global innovation economy has held relatively stable at about 45%. What's changed over the last twenty years is that China has replaced Europe. So America actually has stayed the same, but instead of now competing with Europe, it competes with China.
00:27:14 Keith Teare: Yeah. Look. There was always a brain drain of European scientists to America going way back to the post first World War era. You know, America American science definitely wasn't very American. It was largely European, actually. So Europe's decline started a long time ago. China's rise, I think, you know, is really dated in the last forty years, generally speaking, and Chinese science, Chinese universities are world class and Chinese scientists are world class. They didn't used to be very innovative. I do think that's changed in the last
00:27:54 Andrew Keen: ten years. This book, Mehran Gul's The New Geography of Innovation, notes that the Chinese innovation is self evident and highly competitive America, although it doesn't necessarily forecast that China's gonna take over. So maybe that comes back to your nineteen o five idea that rather than Japan, China is the version of Japan right now in 2026. Yeah. Yeah. So Americans should be I mean, for all the pessimism, whatever Ivan Krastev says, whatever Noah Smith says about the American edge, I mean, Americans should maintain a degree of optimism, shouldn't they, Keith?
00:28:35 Keith Teare: Well, that's the Marc Andreessen view with Ben Horowitz. They've got kind of this phrase American Dynamism, and they're they've raised a very large, cluster of funds to invest in industrial, reinvention, if you will. Robotics and AI being a big part of that, of course. And, you know, the problem is the math. The American GDP versus Chinese GDP, there's only really one direction. The Chinese curve is up. The American curve is also up.
00:29:13 Andrew Keen: Well, we got the American GDP on screen now, and it Yeah. Seems to be going up. I mean, maybe not radically.
00:29:21 Keith Teare: Well, it if you put the Chinese and the American together, you can see the difference because the shape of the curves are completely in China's favor. And China's now really America's equal by, living standard, measures of GDP, not by absolute. So it's clearly the case that America American growth is slowing, which doesn't mean America isn't still growing. It's just the rate
00:29:50 Andrew Keen: Well, maybe that explains, Sam Altman's socialist temptation. Another interesting piece you linked to this week is by another old friend of the show, one of the more influential figures in Silicon Valley in terms of his thinking, John Battelle, one of the co inventors of Web two point o. He asked whether we've lost the plot. And, he talks about whether our lives have become, quote, unquote, dematerialized. What is Battelle arguing this week?
00:30:25 Keith Teare: You know, it's, I hate to say this because I'm older than him, but he's basically adopted the old man's argument that digital, devices of media are atomizing human beings to the point where they live in isolation from other human beings. And he's elevating human contact, in his story.
00:30:58 Andrew Keen: And then he quotes it's interesting. He quotes a piece from Ian Bogost from Wired. He said Bogost argues that technologies of convenience and efficiency have destroyed our connection to the physical world. And, Bogost actually was on the show, and it's our interview of the week. He has a new book out. He's it's he's a great interview person. I mean, he's a wonderful person to interview. He has a new book out called The Small Stuff. And I'm not sure that, John Battelle has quite understood what Bogost is saying because he's not denying the value of digital.
00:31:35 Keith Teare: Tell me what he's saying because I didn't list Jarenter here yet [unclear — possibly 'listen to it entirely yet'].
00:31:39 Andrew Keen: Well, he's saying we that we should enjoy the small things. I mean, the small stuff is the stuff that he talks about. And one of the things that he and I talked about was our love of the Apple Watch. I got a new Ultra 3 watch, and he says this is something that parents should enjoy giving their kids. So Yeah. It's small things that he focuses on, and small things don't have to be analog.
00:32:03 Keith Teare: Yeah. No. I've, I've I identify with that a lot. I've recently, you probably can't tell, but I've recently, sold all my digital cameras and replaced them with, more handheld smaller versions that are really, really good because of development of and innovation. And as part of that, I'm buying, you know, things like I've got Japanese cameras with, Chinese lenses. Here's an example of a Chinese lens.
00:32:39 Andrew Keen: That's very blurry, Keith. I'm not sure what that says about Chinese. There you go. Oh, that's better.
00:32:44 Keith Teare: So the this is, that's a Fujifilm lens, but it's made in China. And, you know, I get an unreasonable amount of fun from being able to take a picture of the flowers in my garden.
00:32:57 Andrew Keen: Yeah. And that's the point that, Bogost is saying is that we should get a great deal of fun out of picturing. I mean, maybe not with small lenses, but, picturing flowers or licking trees or enjoying our Apple watches, and that's where we've lost the plot. But I'm not sure that and I'm not convinced that Battelle is the reactionary, the old reactionary that you say in terms of have we lost the plot.
00:33:26 Keith Teare: No. I don't mean he's reactionary, but it is an old man's point of view. And, look, I don't think we've lost the plot. I think it's part of abundance. That's the nineteen o five point again. What we've really got is creeping abundance. And these small things in our lives are evidence because if you go back in history, no one had time for small things. What we've actually got
00:33:50 Andrew Keen: Yeah. That's a good point, actually. I like that. If we go back in history, no one had time for small things. Although, well, they didn't have any sort of they didn't think consciously about small things. They just did them. They took them for granted.
00:34:04 Keith Teare: Yeah.
00:34:05 Andrew Keen: And what Bogost says, and it's interesting, and it comes to another piece of yours, is that he's not just a nostalgic analog person, but he does says that digital is destroying some things like tickets. He's very much someone who thinks that we still need to enjoy the physical ticket, whether it's an airline ticket or a concert ticket. And this connects, I think, with another theme in this week's newsletter, which is about Eventbrite. So tell us about Eventbrite and how they survived the business apocalypse and why the Internet made real life more valuable than ever and how we can actually save the physical ticket, Keith.
00:34:48 Keith Teare: Yeah. Well, Eventbrite's a really good example of how the Internet enhanced human connection. Human connection meaning, come to my house for a party or let's do a World Cup watch party and Eventbrite and similar companies really express the ability to reach out, organize, plan using the cloud and iPhones and Android phones to bring people together. And that's clearly true. I would say digital tickets do that as well. I mean, you know, when if I get a ticket to go and see David Byrne at the amphitheatre at Stanford University
00:35:40 Andrew Keen: That dates you, Keith.
00:35:42 Keith Teare: Exactly. But each
00:35:43 Andrew Keen: You're another alter kaker, the Jews would say, like, like your friend John Battelle.
00:35:49 Keith Teare: Right. So, yeah, so the Eventbrite story is a great story of utility delivered digitally to bring people together.
00:35:58 Andrew Keen: Well, you asked this week what time it is according to my Apple Watch, which I'm gonna, of course, wave at the
00:36:04 Keith Teare: Mhmm.
00:36:06 Andrew Keen: Wave at the screen. It's time to end, Keith. I'm not sure.
00:36:11 Keith Teare: Well, the one thing before we end is let's just, acknowledge the post of the week, which is about David Potter.
00:36:17 Andrew Keen: Not David Byrne?
00:36:19 Keith Teare: No. David Potter. You might not have noticed, Andrew, but
00:36:22 Andrew Keen: I did notice. It didn't seem particularly interesting or relevant, but it's interesting and relevant for you. I don't think for anybody else.
00:36:29 Keith Teare: Well, you know, David Potter was, very well known in The UK. He ended up being, sitting on the board of governors of the Bank of England. He started life in South Africa, and built the first handheld computer, Psion. And he, you know, and he passed away recently. So I wanted to acknowledge that.
00:36:49 Andrew Keen: Oh, well, you're losing all your friends. Last week, who did you lose?
00:36:54 Keith Teare: We all lost Om Malik, and we [unclear].
00:36:56 Andrew Keen: And then this week, David Potter. Who's gonna be next week, Keith? Harry Kane?
00:37:02 Keith Teare: Oh, let's hope not. Well, actually, sadly, on that note, Andrew, I don't know if you noticed, but this morning, one of the South African team, Jayden Adams, twenty three years old [as spoken — Adams was 25], was found dead in Cape Town.
00:37:18 Andrew Keen: Mhmm. Well, we better stop, Keith, because otherwise, there's gonna be more people dying around us. We will certainly be back. I know, this week was what time it is. Next week, we'll be back at our regular time. Actually, we'll be slightly earlier, but we'll run the show on Saturday. As always, Keith, don't die on me. We need you next week. We will talk again in seven days. Thank you so much.
00:37:39 Keith Teare: Bye.






