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I think this is true for most capital equipment, at least until governments step in to take the edge off.

Whether AI has a more powerful effect than it's predecessors remains to be seen. It could.

I have zero faith in the US stepping in at this point

Oh they are stepping in. It’s just that they are stepping in to prevent any regulations

Reverse regulation

And not just in the US either, they've been threatening Europe with tariffs and sanctions over attempting to regulate American tech companies in Europe.

Agreed. I think when the history of this time is written the failure of the government to spread around the gains of capitalism and free trade will be seen as what led to the end of a political era.

yes, the governments (especially of the united states) love nothing more than to take shit from rich and give it to the poor

name a country that is better that isn't a petrostate?

germany.

there is a ton more but you asked for one :)

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