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How To Build A Truly Abundant Future

Apr 4, 2025· 34 min· 27K views·Watch on YouTube

Speaker

Derek Thompson, staff writer at The Atlantic and host of Plain English, joins Y Combinator to discuss the abundance agenda, science policy, and building a more prosperous future.

What abundance could make possible

Thompson describes a 2050 with abundant housing and clean energy, including solar, wind, geothermal, and nuclear power. He argues that plentiful energy could enable energy-intensive technologies such as desalination, carbon removal, vertical farming, and supersonic flight.

Make public projects deliver results

Thompson argues that government should treat speed as a virtue, while holding projects accountable for outcomes. He points to California high-speed rail and a $42 billion rural broadband program: its 14-step application process delayed implementation, and only three of 56 applicants had completed it four years after the law passed.

Renew the institutions that fund science

Thompson traces the American innovation system to wartime coordination led by Vannevar Bush, which helped scale penicillin and establish institutions including the NIH and NSF. He says science funding should be updated through experiments such as longer grants, individual “golden ticket” awards, and more support for high-risk research, noting that scientists spend about 40% of their time on paperwork and grant applications.

Turn discoveries into new uses

Thompson describes penicillin and GLP-1 drugs as discoveries whose broader value emerged through further development and testing. He also suggests AI could map the effects of approved drugs to help researchers identify possible treatments for diseases and molecular problems.

Fund hard tech and follow important problems

Thompson contrasts AI companies with startups working on physical-world challenges such as energy, robotics, and carbon removal. He explains that government purchase guarantees can reward companies that meet targets, as advanced market commitments did in Operation Warp Speed, and advises founders to work backward from the future they want to build.

Takeaways

  • Treat project speed and completed outcomes as measures of public investment, alongside careful process.
  • Test new science funding models, including longer grants and high-risk awards, instead of relying on one settled approach.
  • Look for ways to extend existing discoveries, since a technology's value may emerge after its first use.
  • Consider purchase guarantees to reward successful hard-tech development and attract private investment.
  • Choose a consequential problem that holds your curiosity, then work backward from the future you want.

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