Most of the US economy is in a recession
businessinsider.com
Most of the US economy is in a recession
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Re: Most of the US economy is in a recession
#2I tend to agree with what the article says. And I would narrow it down from Tech to AI/tech.
Re: Most of the US economy is in a recession
#3Creative destruction requires both booms and busts together. Capital must flow between sectors for economic adaptation. We're seeing a massive capital shift to AI solutions, recalibrating the whole economy. I have insufficient data to calculate whether that's good or not.
Re: Most of the US economy is in a recession
#4Creative destruction requires both booms and busts together. Capital must flow between sectors for economic adaptation. We're seeing a massive capital shift to AI solutions, recalibrating the whole economy. I have insufficient data to calculate whether that's good or not.
Capital must flow, period. Right now it's accumulating into a very small group of actors and becoming concentrated. There's no way to have a good economy, period, with the amount of consolidation across every sector.
The only thing that's actually competitive anymore are restaurants.
Re: Most of the US economy is in a recession
#5Creative destruction requires both booms and busts together. Capital must flow between sectors for economic adaptation. We're seeing a massive capital shift to AI solutions, recalibrating the whole economy. I have insufficient data to calculate whether that's good or not.
Capital must flow, period. Right now it's accumulating into a very small group of actors and becoming concentrated. There's no way to have a good economy, period, with the amount of consolidation across every sector. The only thing that's actually competitive anymore are restaurants.
Honest question, because it’s something I’ve been thinking a lot about: what is a “good” economy vs. a “bad” economy?
Re: Most of the US economy is in a recession
#6Earlier quoted context omitted.
Capital must flow, period. Right now it's accumulating into a very small group of actors and becoming concentrated. There's no way to have a good economy, period, with the amount of consolidation across every sector. The only thing that's actually competitive anymore are restaurants.
Honest question, because it’s something I’ve been thinking a lot about: what is a “good” economy vs. a “bad” economy?
> what is a “good” economy vs. a “bad” economy?
One that is growing sustainably with broad benefits.
Re: Most of the US economy is in a recession
#7Earlier quoted context omitted.
Capital must flow, period. Right now it's accumulating into a very small group of actors and becoming concentrated. There's no way to have a good economy, period, with the amount of consolidation across every sector. The only thing that's actually competitive anymore are restaurants.
Honest question, because it’s something I’ve been thinking a lot about: what is a “good” economy vs. a “bad” economy?
People being able to make a living would be a start?
Re: Most of the US economy is in a recession
#8Earlier quoted context omitted.
Capital must flow, period. Right now it's accumulating into a very small group of actors and becoming concentrated. There's no way to have a good economy, period, with the amount of consolidation across every sector. The only thing that's actually competitive anymore are restaurants.
Honest question, because it’s something I’ve been thinking a lot about: what is a “good” economy vs. a “bad” economy?
One that doesn’t have half the population (or more!) wanting to set the other half on fire?
Re: Most of the US economy is in a recession
#9Creative destruction requires both booms and busts together. Capital must flow between sectors for economic adaptation. We're seeing a massive capital shift to AI solutions, recalibrating the whole economy. I have insufficient data to calculate whether that's good or not.
Capital must flow, period. Right now it's accumulating into a very small group of actors and becoming concentrated. There's no way to have a good economy, period, with the amount of consolidation across every sector. The only thing that's actually competitive anymore are restaurants.
Restaurants are being extorted by online delivery services.
Re: Most of the US economy is in a recession
#10Earlier quoted context omitted.
Capital must flow, period. Right now it's accumulating into a very small group of actors and becoming concentrated. There's no way to have a good economy, period, with the amount of consolidation across every sector. The only thing that's actually competitive anymore are restaurants.
Honest question, because it’s something I’ve been thinking a lot about: what is a “good” economy vs. a “bad” economy?
The post-WWII economy in the US is the answer you’re looking for, and the whole world has been chasing that dragon ever since.