Tech companies keep falling for the forever fallacy

Wrong question. That's systems thinking.

We're dealing with capitalism. You only need to run faster than the slowest competitor to not be eaten by the bear.

https://www.cold-takes.com/this-cant-go-on/

The financial media writes this exact same type of article every time there is a correction, like in 2020, 2022, 2012, 2016, 2009, etc. And then as always, when least expected, prices come roaring back. Meta stock is up more than 130% from the lows of 2022. Same for Netflix, also up huge. Or NVidia. It generally pays to be optimistic and stay invested. It's always the same pattern. Price fall fast but then recovers so fast too. Yeah, maybe extraordinary growth will not continue indefinitely, but so what.

The incentives just aren't designed to plan for decline.

Teacher strikes and unionization efforts have been winning; the financiers know nothing about self sufficiency. They know they rely literally on someone else to grow the food, kill the steaks.

The white collar public have a credibility problem; they want to be served and not serve themselves.

There is zero reason for most tech workers to login tomorrow; the vast majority will never move the needle. Yet they’ve learned helplessness and don’t know what to do.

We carry on about ills of LLMs hallucinating while westerners hallucinate the they can just do data entry work and someone else will wear out their bodies procuring food.

Our AI is more like us than we want to admit, which is why they’re so terrible.