SON: Dad, why does everyone lose their minds the second that guitar starts playing?
DAD: Because some guitar riffs don't just introduce a song, son. They introduce an entire generation. Goosebumps.
People think the current fight is about AI, about Nvidia, about a few bills in Washington.
No. The real fight is much simpler, and much more serious.
We're heading toward a new kind of civilization. That part is settled. The only question is: will we go through 1984 before we get there?
One: why superintelligence destroys the current system.
The system we live in rests on one scarcity: the scarcity of intelligence.
To understand a law, you need a lawyer. To read a balance sheet, you need an expert. To build a case, you need a firm. To access a market, you need a permit. To know what's true, you need a newspaper, an agency, an institution to tell you.
Every layer of this system is a toll booth. And every toll booth is manned by someone who lives off your inability to do without them.
Superintelligence makes intelligence abundant. Almost free. Available to everyone, every second. When intelligence becomes abundant, the toll booths become useless. And the people manning them know it.
So they'll do everything to keep the system alive. Not necessarily out of malice. Upton Sinclair summed it up: it's hard to get a man to understand something when his salary depends on his not understanding it. Licenses, moratoriums, federal agencies, blown-up scandals: every tool will be used to slow down what makes them obsolete.
Two: even if they win, they lose.
Because you can't contain an abundant technology with normal means.
An AI model is a file. It can be copied, sent, run on a machine in a basement. To stop it from spreading, you have to monitor every computer, every chip, every line of code, every exchange. There's no soft version of that control. There's only a total one.
That's the trap. To keep their system alive, they'll be forced to become totalitarian. Not because they want to, but because it's the only way to hold back abundance.
History has played this game before. The Ottoman Empire kept the printing press at bay for nearly three centuries. It preserved the established order, and watched Europe overtake it in every field. The USSR controlled photocopiers and kept watch over typewriters. It collapsed anyway.
And a system that confiscates the leverage of the many to reserve it for the few is, by definition, unfair. An unfair system can last. It can't last forever. It always ends up imploding, under the weight of its own illegitimacy, or under pressure from those elsewhere who didn't hit the brakes.
They can buy time. All they can do is push back the deadline. And the price of that delay is 1984.
Three: Elon's project.
Look at what he's building, piece by piece.
Abundant energy, with solar and batteries. Abundant labor, with robots. Abundant intelligence, with AI. Free information, with Starlink and X, far harder for a regime to shut down. And access to space, with reusable rockets.
This isn't a collection of companies. It's a machine for destroying scarcity.
And the world of takers and financiers lives off scarcity. Organized scarcity of access, permissions, capital, information. A world that captured everything through coercion and lies, by standing between people and what they could build.
Takers live off scarcity. Elon is industrializing abundance.
When abundance wins, rent dies. The toll booth has no road left to block. The gatekeeper has no gate left to guard.
That's why this fight is so violent. It's not a policy debate. It's one world fighting not to disappear, against another one being born.
We can go through 1984. Or we can skip straight to what comes next.
It's being decided now.
What a time to be alive.
Ok halter cattle collar people, have a question…
If there are cattle out that aren’t yours within a 20 mile radius.
does the app text or call you multiple times asking if those are your cattle that are out?
Good morning corn farmers and traders.
You’re going to see this guy’s name all day, so let’s compare.
Jensen Huang’s net worth is about $150 billion. His wife in a divorce gets the entire U.S. corn crop. That’s how small we are in today’s money.
Dec corn closed 448 yesterday. Down 12¢ on the year — $600 on a 1-lot.
Thanks for playing.
This picture of me smiling is brought to you by the current cattle rally. Declining open interest during the recent selloff keeps hope alive for another attempt at $353. Low volume the last 2 days suggests a possible profit-taking correction.
@BarchartAg@Barchart#cmdtyview