This cost them about $1 trillion.
The truth is, you cannot build systems like this exclusively on the logic of profit. You cannot expect to break even in 20 or 30 years. Projects of this scale are built because the government decides they must exist to serve the people.
And this is a problem with systems that are strictly, or overwhelmingly, capitalist. If you leave every problem in your society to the spontaneity of the market, some challenges are so large and so unprofitable that you will never have sufficient incentive to solve them.
CHINA JUST DREW A LINE ON AI
A court in China has ruled it ILLEGAL to replace human workers with AI purely to cut costs.
They have put responsibility back on corporations.
They can’t automate just to boost margins while workers are pushed out.
China has decided that wages, fairness, and employment aren’t optional.
And that’s a big shift.
While the west races to replace labour as fast as possible, viewing AI as a free-for-all… China has set a precedent that profit alone isn’t enough and corporations must answer to society.
@YVaw123 I wish all influential people, black and white, can do the same as Whoopi and speakout against this lie. Hell even a social media short clip would do. I've seen how so many people globally are so misinformed by Trump and Elon.
[WATCH] "Singling out BEE laws is quite dishonest," President Cyril Ramaphosa responds to South African-born American businessman Elon Musk's claims that SA policies are racist. #Newzroom405
Under capitalism, it's normal to let children go hungry, let banks force people out of their homes, let sick people die for lack of access to healthcare.
But the idea that billionaires could just be less rich, not poor, not struggling, just less rich, is considered insane.
@Castro_felow@guylikericky You are right. All forms of electromagnetic radiation travel at the speed of light in a vacuum, this includes radio waves, visible light, x-rays, microwaves
In 2022, China 🇨🇳 gave Rwanda 🇷🇼 a loan for a road. After seeing how well they used the money and how good the road turned out, China just canceled the $7.1 million debt.
@Am_Blujay Atleast he is not one of the west's puppets. Democracy only provides the west an opportunity to insert their puppets, we've seen this countless times. So no thank you Sir I'd rather trust a military leader like this than a puppet.
@jdpkru@visegrad24@SimplyMegszcpt Why are you pretending like Apartheid didn't happen and hinder black people from competing fairly, now that corrective measure are being implemented you cry like a victim. Yall are the ones that are afraid to compete with us fairly on fair grounds