I find that to be true too, that wiki isn’t a reliable source. Wiki is just a battle ground for internet warfare for political ideas in every field. Whoever has the most resources on their side gets to write it.

This was some years ago - even before the first Trump presidency - I read a perfectly reasonable sounding piece from someone about how he’s struggling as a dual-income family making $400,000 a year. There’s the mortgage for the house and the summer home and the vacation condo and the kids’ tuitions at prestigious schools and family vacations and the 401ks and the kids’ college tuition funds and how there was NOTHING LEFT after the bare necessities!

but that contradicts the great justification for capitalism: efficient markets. Monopolies are the exact opposite of efficient markets.

I want to make a clarification here before we all get too far ahead with “16% of GDP”. There are many things wrong with the way giant tech companies dominate their respective fields. However the value of a company does not equal its’ share of the GDP. GDP is the OUTPUT of a country in 1 year. It does not equal the value of all the private enterprises combined which is what this comparison is trying to do. What we want to compare then, is to take NVIDIA’s output in ONE YEAR and see how much of the economy it dominates. US GDP is ~ 30 trillion in 2025. Nvidia’s output or revenue for current fiscal year is ~ $200 billion. That’s 0.6% of the GDP. That’s far cry from 16%, by about 27 times less.

What we should be concerned are the size of the market cap of these giant tech companies dominating the total value of the stock market, as well as the monopolistic margins these companies enjoy. All of these contribute to the imbalances in the world we see today - in the economies, in the society and social structure, and in politics. Communism once rose two centuries ago in protest against the concentration of power in the hands of a few. A solution is needed to remedy the imbalances of today.

Which models?

It’s not even going to this - publishers are pulling games, tv series and movies for various reasons.

American court system has become a monkey court.

Trump is just so fucking dumb. He is literally destroying the market for US products. In the past regardless of politics companies were independent of it, and foreign customers can rely on the companies to provide service with respect to rule of law, privacy, etc. The past US presidents refrained from fucking that up unless it involves transferring sensitive tech to unfavored nations. Now all the moves Trump does are endangering that.

The flipside is, once these Chinese products with Chinese OS invade the globe, every individual’s privacy is at risk, because we all know where China stands there.

Is this response by Grok real? How does it have awareness that its responses are being tweaked?

Tesla is all “hype”. Safety is shit, got lots of quality problems in all the lines. Lots of bells and whistles but you can get on other cars too.

That can’t be true. we only have 466 judging by the upvote count. xD

Bullet never touched him. The blood was splatter. He wore a bandage for 2 days for show. When it came off there was not a scratch.

I think we’re too weird and niche.

US economy has been running on bubbles for decades, and using bubbles to fuel innovation and growth. It has survived telecom bubble, housing bubble, bubble in the oil sector for multiple times (how do you think fracking came to be?) etc. This is just the start of the AI bubble because its innovations have yet to have a broad-based impact on the economy. Once AI becomes commonplace in aiding in everything we do, that’s when valuations will look “normal”.

Oh US has been doing this kind of thing for decades! This isn’t new.

LMAO. are they seroius!!!