Commodified products competing on price does not bode well for valuations.
1,757 karma · joined September 6, 2023
Commodified products competing on price does not bode well for valuations.
Everything the US does and has done is aimed at defending itself and its interests, which includes its allies, as it should, and as it must.
The extent to which these actions appeared neutral was just a product of the overwhelming power of the US and overwhelming unity - by virtue of deference - prevalent among the Western powers during the Cold War, in the shadow of a common enemy.
Global neutral institutions exist on a fictional foundation that becomes thinner by the day. For substantial matters on which there is no rational answer, the only solution is the exercise of power.
But on the scale of years inflation will dominate all transient idiosyncracies.
Stock market dynamics are fundamentally different now compared to the last period of sustained high inflation (70s)... And stocks have done fantastically over the last few years of stubborn inflation.
OpenAI and Anthropic are existential threats to Google and it will operate accordingly.
Though tbf corporate-speak and AI-slop are both insufferable in similar ways...
Constructive, reasoned discussions on migration are precisely what have not occurred due to the dominant ideology stifling all contrary opinion.
You're basically pointing at a smoker who started a year ago and concluding because they don't have cancer yet cigarettes don't cause cancer.
War a nation can recover from, but from an erosion of cultural unity and shared identity it cannot.
The US remains the best option among a mixed field of weak, corrupt, divided and authoritarian alternatives.
The real problem is not the debt, but the social instability caused by the measures taken to address the debt.
Not sure I agree with this. AI generated proofs can still be analyzed and mined for useful insights. I suppose he's saying the process of banging our heads against the wall on a problem can itself yield useful insight? But what is stopping us from analyzing a proof after the fact. And if we can generate many different versions of a proof that should help us develop a much deeper understanding of the problem than we would have without being able to perceive the "proof landscape"...