31–40 of 140 posts
In my book, prosperity and progress is measured in Terajoules. If you have free, clean and abundant energy, you have industry, jobs, every fucking thing a healthy economy should want or need to have.
And on the other side, I think the Chinese are deluding themselves on robotics.
IMO, the backdrop to all of this is global warming. We're seeing so many warning signs and growth stagnating that governments need something, ANYTHING, to prop up their debt fueled economies and keep the music playing. In the face of impending GDP/population contraction due to global warming and the upcoming breadbasket collapses, GenAI isn't going to do shit for us. All of the money and effort being spent on it is m…
> Think of it like WWII, only only instead of planting victory gardens to beat the Nazis, we're building AI apps and finding ways to create the economic value needed to cover the reckless bets being made by the elites. LOL fuck this, the stock market deserves to burn to the ground.
When did the HackerNews comment section turn into this? Low quality, aggressive, fervently anti-establishment.
Earlier quoted context omitted.
The only problem is that the stock market is tied to a bunch of retirement/pension and other accounts. Yes stock market should burn to the ground but also I think pensioners and retirees shouldn’t be put out, just the finance bros and private equity folks which money is just a plaything.
Pensioners and retirees willingly dumping money into index funds without oversight are the dumb money that enables all of this. So yes, they deserve a haircut.
We're talking about regular folks who want to do nothing else but secure their future in the face of a market that regularly tries to screw it up.
Can you explain why you suggest "deserve"?
Where does all this leave us? For one, you better hope and pray that AI delivers a magical transformation, because if it doesn't, the whole economy will collapse into brutal serfdom. When I say magic here, I mean it; because of the ~38T national debt bomb, a big boost is not enough. If AI doesn't completely transform our economy, the massive capital misallocation combined with the national debt is going to cause our…
Earlier quoted context omitted.
The only problem is that the stock market is tied to a bunch of retirement/pension and other accounts. Yes stock market should burn to the ground but also I think pensioners and retirees shouldn’t be put out, just the finance bros and private equity folks which money is just a plaything.
Pensioners and retirees willingly dumping money into index funds without oversight are the dumb money that enables all of this. So yes, they deserve a haircut.
> Think of it like WWII, only only instead of planting victory gardens to beat the Nazis, we're building AI apps and finding ways to create the economic value needed to cover the reckless bets being made by the elites. LOL fuck this, the stock market deserves to burn to the ground.
When did the HackerNews comment section turn into this? Low quality, aggressive, fervently anti-establishment.
Being anti-establishment should not be viewed as a sin, unless in extreme cases.
If it wasn't for AI investments, it's likely the United States would be in a recession right now. So the biggest achievement of this amazing new technology is to artificially prop up Wall Street? For those who can read the tea leaves --- it's absolutely a bubble --- a financial bubble. The real reason why China is ahead in many areas is because their leadership is a little more technologically savvy and progressive t…
If this is a pre-war economy, the US is screwed not because of AI but because we started a stupid trade war that's going to cut us off of our supply of dysprosium which is critical for defense manufacturing.
Now invest in my Ai company, 100mil at 10bn valuation, can't fail, too big.
Earlier quoted context omitted.
Anti-establishment is sort of a requirement for doing a start-up. Aggressiveness is a requirement for doing a start-up in times of constrained capitalism Low quality is driven the by the availability of capital for dumb ideas. So... a while now?
These startups backed by venture funds are anti-establishment? Are you joking?