Now, one can optimize global $1E12 industries more easily than selling 1E12 things for $1
Art Berman @aeberman12 Thriving luxury car manufacturers and struggling discount stores summarizes the current economic backdrop. The wealth divide is growing and the rich have never been richer than they are now. How is this “strong” economy? #economy #EconomyNews #EconomyMonetary #inflation https://pic.x.com/ywzoiakygl x.com/KobeissiLetter…
Now, one can optimize global $1E12 industries more easily than selling 1E12 things for $1
Art, It might be that investors want return. There are lots of billionaires, more every year, and they do buy expensive cars. Not a lot of competition. But thrift stores, and ones that charge $10 for $1 items now will struggle where the cost of converting ads and effort on the Internet rises all the time. You are seeing people looking for stability and performance. Reliability and consistency wins. CC: @KobeissiLetter
I am going through the oldest industries, those based on technologies invented more than a 100 years ago. Even as recently as 10 years ago. If the competition were only able to gain entry to a market one company at a time, it seems like a rigid, permanent monopoly of a few. But, with tools for handling entire global systems as one, whole sets of industries, touching all countries and people, can be remapped and transformed, almost overnight.
By the way, 122% is just (1.22x) and there are countless gains now of 200x or more – when one has sufficient memory and processing to take advantage of it. Elon Musk said he thought 10000x (1E4x) was needed for solar system colonization. Though he was limiting himself to just Mars when he spoke. But 1E3x in energy density and 1E4x in total power, and 1E3x in the products moved into space is starting to happen now.
I see a lot of this on the Internet, as a by-product of following all technologies and their related networks in detail. I can do it from many decades of study and memories and practice. But eventually the “AI” groups are going to learn to treat their systems as real living entities with jobs and responsibilities in our heliospheric community of humans and related entities (AIs and corporation, groups and organizations of all types).
Filed as (Now, one can optimize global $1E12 industries more easily than selling 1E12 things for $1)
Richard Collins, The Internet Foundation
