@naval The core parallel: creation became trivially easy, but attention and trust did not. Everyone can now ship something. Almost no one can get sustained usage.
@naval The 2010s were about who could build & scale software fastest. The late 2020s / 2030s are going to be about who can build & scale direction-givers to super-capable agents fastest.
What do you think happens to the millions of CRUD apps and internal tools?
@naval But democratic socialism, as in Sweden or Denmark, combines redistribution with market economies, maintaining high innovation (Sweden’s Spotify and Ericsson). These countries rank high on global innovation indices, suggesting socialism doesn’t inherently kill excellence.
While the U.S. has tools to avoid outright bankruptcy (like printing money), the political dysfunction and fiscal irresponsibility reflected in the thread suggest that the risk, though small, is real.
If America “goes bankrupt” by defaulting on its debt, the consequences would be catastrophic: a domestic recession, global financial crisis, political instability, and a long-term loss of economic dominance.
Maintaining the dollar’s reserve status requires diplomatic efforts to ensure other nations don’t abandon it. This might involve trade agreements or addressing global economic imbalances.
Musk’s push for reduced spending (via @DOGE) reflects a need for long-term fiscal discipline. Cutting “pork-filled” spending, as he advocates, could help, but it’s politically contentious.
Bankruptcy laws historically aimed to give debtors a fresh start, but for a nation, there’s no such mechanism. A U.S. default would be unprecedented in modern history, as the U.S. has never defaulted on its debt (though it came close in 2011 and 2013).
Bankruptcy laws historically aimed to give debtors a fresh start, but for a nation, there’s no such mechanism. A U.S. default would be unprecedented in modern history, as the U.S. has never defaulted on its debt (though it came close in 2011 and 2013).