The internet created vast new opportunities for software engineers to create value.
Generative AI is about replacing software engineers in creating that value.
These are very different things.
They are also the party that won the last (and only) election held by Palestinians, as well as the current rulers of Gaza.
Their explicit goal is to kill every Jew in Israel, and they have acted it out in the genocidal 10/7 massacre.
So not only do Palestinians support a party that promotes the genocide of all Jews in Israel - by all available evidence, this party is currently the favorite to control a Palestinian state.
Not to mention there's pretty solid ground to believe that if Fatah (Hamas's only viable rival) controlled a Palestinian state, they'd also support the genocide of Jews. Just look at the education they provide to West Bank children, describing Jews as subhuman monsters that must be eradicated.
You'd rather Israel doesn't have the technology to target terrorists with precision, and instead will be forced to use crude methods to carpet-bomb large areas where they hide?
So the average working person is in fact worse now economically than they were 2-3 years ago. It's not just a subjective feeling, and the other positive metrics don't change that.
We all know the US military can defeat the Houthis. But so far it hasn't used its capabilities. It warned and threatened endlessly, while the Houthis continued their campaign of naval terror.
Now the Houthis are facing a competent military, that is so infused with progressive moralism that it can't use any of its competencies, and is very careful not to kill any Houthis.
Unless this paradigm breaks very soon, Houthis seem favored to win. Pretty easy to win against a military which bogus morality won't let it harm you, its enemy.
Yes, MBS is terrible, and his regime is autocratic.
Also, intelligent mature people make policy based on real-politik and the aggregate sum of its consequences. They don't just respond to whatever moral sentiments they experience in the moment.
The decision to push the Saudis away is destabilizing the whole region and will allow a violent, aggressive, revolutionary Iran to start and escalate extremely bloody conflicts throughout the region.
While it's a shame that one journalist was killed, was alienating the Saudis really worth the many thousands of lives lost as a result?
Iran is using the Houthis to apply pressure on a regional rival, Saudi Arabia.
The Saudis used to be a close American ally against Iran, but purist progressives in the Obama and now Biden admin pushed them away, and Iran was able to bring them to terms by wielding the Houthis in their backyard against them.
Iran is also using the Houthis to flare up a conflict that will prevent the Saudis from normalizing relations with Israel; Iran used Hamas to execute the 10/7 attack toward the same goal.
Finally, Iran is using one of its proxy (the Houthis) to preserve another proxy (Hamas). The Houthis are disrupting one of the world's most important shipping routes, which will eventually drive up prices (read: inflation) in an election year. Biden doesn't really want to get into an intense military operation in an election year, and his main alternative is to pressure Israel to let Hamas survive - as the Houthis demand.
Without presenting a full argument, just based on your own post, if everyone is starting to do this almost in unison, in cartel-like fashion, then each individual company has no consequences to worry about.
Seems like the good old false Marxist argument, in a sexy new "mathematical" package to appeal to a geeky crowd. I predict it will do extremely well here.
Their economy was stagnating for at least a decade before 2018. They've gone from near-zero growth to negative.
It doesn't matter what the reasons are, really. The pandemic hit everywhere, and their choice to "value free time" is the problem here. Turns out you can't sustain a high quality of life without enough people working hard to produce the products and services that create this high quality of life.
The EU economy fell way below the US (after being roughly equal) because they were never able to compete in the new digital economy.
All the big tech companies are American.
You also have to ask yourself why the ECB and European governments had to cut spending. Perhaps because the levels before weren't sustainable? Perhaps because you can't just keep living beyond your means, as eventually you'll run out of other people's money?
Stagnation isn't "a good thing" when you're comparing to societies that are progressing. And it may be a zero sum game, when stagnating nations are drained of talent and brains, so this model is even less sustainable, as anyone who can do better leaves, and the rest are left to support those who don't do particularly well.
The only problem with this model is that it doesn't seem to be working long term. Economically, Europe has been stagnating for a long time, and recently its been in a decline.
So it's a nice model as long as you can maintain it, which doesn't seem to be very long.
