54 karma · joined November 8, 2015
From TSMC's Mark Lui:
- Supply chain disruptions from Covid
- US / China trade disputes
- Digital transformation from Covid (increasing demand for chips)
- "Double booking" feedback loop (companies preorder more than needed, fearing fab capacity limits --> makes it seem like there's less fab capacity --> companies book more capacity, fearing capacity limits)...this is not specific to Covid, but heats up in this kind of situation
I may be speaking out of ignorance, but do you have an example of this occurring or are you speaking purely hypothetically?
I do think subscription based journalism can be just as pernicious. The most profitable route now is to find a niche group and produce content that they want. In general people "want" the objective truth, but its so much more tantalizing when it's spun to confirm your biases. There's likely a point where people will pay to get 90% of the truth and 10% confirmation bias, and if that's the most profitable route pubishers are going to report in that way (hence the left lean of NYT in particular, and right lean of other publications).
Massive change due to tech is always just waiting to happen. Here's to hoping it just changes society without destroying it.
Also it seems odd to promote the bundling of distribution and content as a win for consumers...ATT blocking youtube to promote HBO Max sounds like a loss for me and a loss for the internet. And what happens when every carrier has their own HBO Max?
This streaming shift also is beneficial to Disney, with more touch points to access their audience and extract value - unconstrained by TV/theater time constraints and middlemen.
I don't know how you support that they suffered over the last years. The Marvel Cinematic Universe has crushed it, Disney Plus has more subscribers than expected (thanks in part to COVID), and many DTC purchases on Disney Plus have been successful. Not to mention this content success begets success in other parts of the business.
It provides a solid overview of different views of what is money, what is banking, and in what ways does the financial system impact the real economy? - These are all contested points in economics.
He goes on to lay out a different design to a monetary system, that he believes resolves the main fragility in our current system - panics on short term debt. It's a good read for someone who enjoys system design as much as they do financial/monetary economics.