Over the last three years, companies worldwide have invested between 30 and 40 billion dollars into generative artificial intelligence projects. Yet most of these efforts have brought no real business…
We have enough production in some areas — but not in others. Some goods are currently overly expensive because the inputs are expensive — mostly because we’re not producing enough. In many cases that’s due to insufficient competition. And there are some significant entrenched interests trying to keep things that way (lower production == lower competition == higher prices).
And FWIW, the US’s current “tariff everything and everybody” approach is going to make this much, much, much worse.
I am certainly not the friend of billionaires. I’m perfectly fine with a wealth tax to fund public works and services. All I’m against is overly simplistic solutions which just exacerbate existing problems.
We have enough production in some areas — but not in others. Some goods are currently overly expensive because the inputs are expensive — mostly because we’re not producing enough. In many cases that’s due to insufficient competition. And there are some significant entrenched interests trying to keep things that way (lower production == lower competition == higher prices).
And FWIW, the US’s current “tariff everything and everybody” approach is going to make this much, much, much worse.
I am certainly not the friend of billionaires. I’m perfectly fine with a wealth tax to fund public works and services. All I’m against is overly simplistic solutions which just exacerbate existing problems.
You sound like a dad after reading the morning press.