to understand why Europe is in the position it is, we need to go back to the foundations what the EU has been from its beginning:
a cartel between states with the purpose of stopping destructive competition between the German State and its neighbors
@CEOLandshark getting too early into austrian economics and ayn rand is also bad. you start seeing the whole world as a fraud and fake game and that doesn't exactly help in winning in it
@RokoMijic Yeah sure - the USSR, famous for its rational war planning, which helped them to avoid having to sacrifice tens of millions of their citizens against irrational germany. Oh wait...
The stock exchange kinda stopped crashing after the financial crisis and when it happens, the central banks print more money so fast that it recovers in no time. What’s the price paid for suppressing this volatility?
The future of public broadcasting is lying in its foundation: radio. The whole television branch will eventually die, but people keep driving and like the radio stations they know. The good thing is you can have that for 5 % of the current cost
Imagine Groundhog Day, but with AI. You could learn & create nearly everything since you just refine your prompts one step further each iteration. AI is stuck-in-a-loop scenario flexible
It’s nice getting better tools, but to fix big problems we actually would need better markets.
Like the labor market, housing, education, health – they are all ridiculously badly functioning as markets with lots of transaction cost friction
The economy looks increasingly like in the Middle Ages with guilds preserving their privileges through inventing more and more degree / certificate / licence requirements & regulations
Nord Stream is the elephant in the room why Germany lost its industrial competitiveness so rapidly. Yeah, EU regulations, taxes, climate bs, interest rates etc. are a thing, but losing cheap energy was the most severe in the short term – and NATO “allies” probably did it
I’ve no fucking clue whether the AfD will fix Germany. But I know the Merz government won’t. This guy has reached the stage of his complete incompetency. A great example of the Peter Principle
The Silicon Valley – with San Francisco as its center – will this year attract around 60 % of global AI investments. Market & Folsom Street in SF themselves attract more venture capital each than Germany