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#81
American Capitalism / The AI bubble.
Last post by RE - May 27, 2026, 07:13 PM
Quote from: K-Dog on May 27, 2026, 02:29 PM The AI buildout results from investor storytelling and rentier incentives, not actual verified necessity.

Pretty much ever since the invention of the Wheel, the story of Homo Saps has been about inventing things that would make their lives easier and at first glance improve the way they lived, but none of them were truly necessary for living.  All of them, even the wheel have negative conssequences and/or reqired other things to make them really useful.  Wheels needed Roads which had to be built and maintained, which required people doing those jobs rather than hunting or farming.  The society grows in numbers and complexity and becomes dependent on the roads to function.  What once wasn't necessary for living now has become so; this is the principle of irreversibility which comes along with complexity in the growth of a civilization.

Combining this with the concept of Private Ownership is what allows some people to become outrageously rich. it has nothing to do with hard work.  Way back when of course you couldn't Patent a wheel and you didn't need a big factory, anybody could make a simple one.  Eventually of course it was improved on, Wheelwrights became an occupation, factories for making wheels with metal and rubber arrived and chemical plants that made synthetic rubber, etc etc etc.  More complexity, ownership of the means of production again makes a tiny minority wealthy because the society has become dependent on these high tech wheels with synthetic polymer tires which are made from Oil, also "owned" by whoever was powerful enough to take control of the land the oil was under.

AI is no different, it's not yet necessary, but is quickly becoming so.  Will it really improve the human condition?  I doubt it, but making it necessary will definitely make whoever has control over it extremely wealthy.  Or really just wealthier, since it's the same people who own everything else who have the money to invest in building Data Centers.

For the individual, the less dependent you are on all these accessories to living, the freer you are.  That is why there are still people like Eustace Conway around and groups like the Amish.  They give up the conveniences of techno living in favor of having more freedom.  If everyone was like this, capitalism wouldn't succeed.  Unfortunately, most people are willing to trade their freedom and independence for toaster ovens and smart TVs.

RE
#82
War / US and Israel carrying out str...
Last post by K-Dog - May 27, 2026, 07:11 PM
Quote from: RE on May 27, 2026, 12:33 PMNot at today's prices.








True that.
#83
War / US and Israel carrying out str...
Last post by K-Dog - May 27, 2026, 07:08 PM
QuoteEvening dudes. Been a while.

What did I miss? 

You can see there have been significant changes if you have been gone a while.  What have you missed? To answer that you'll have to say where you've been.
#84
War / US and Israel carrying out str...
Last post by Haniel - May 27, 2026, 06:36 PM
Evening dudes. Been a while.

What did I miss? 
#85
American Capitalism / The AI bubble.
Last post by K-Dog - May 27, 2026, 02:29 PM

substack.com2026-05-24

Hyperscale Data Centers

What's the end game here?


"If you have been led to believe wind and solar are making a significant contribution, think again. Fossil fuels are their primary source and sociopaths like Mark Zuckerberg whose products provenly harm the mental health of our children has proposed a data center the size of Manhattan."

Capitalism is fertile soil for Jevons paradox.

And Mark Zuckerberg is a capitalist. A rentier capitalist. Money for nothing. Use what he owns and pay him is the way he wants things to work out.

Wouldn't it be nice if you got a check in the mail, as a small percentage of something sold or a service rendered. You never have to do any work to get it, the check just comes. In America it takes living many years on this earth to understand that what you are doing is a theft. It should be obvious, but American culture gets in the way of this understanding. Zuckerberg will never have that understanding. To destroy the earth for unearned riches is an obvious evil. However many Americans cannot see the obvious.

Data centers are a speculative bubble feeding on itself. Capital is raised and the people raising this capital get paid today. Opaque metrics let raisers of capital sell potential capacity and build massive campuses. Transparency makes selling difficult. The AI buildout results from investor storytelling and rentier incentives, not actual verified necessity.
#86
The American economy / Trump Hit With Dire Warning Th...
Last post by RE - May 27, 2026, 01:36 PM

THEDAILYBEAST.COM2026-05-27

Trump Hit With Dire Warning That He Could Spark Financial Crisis

Europe’s top financial watchdog has warned that President Trump’s war with Iran and his tariff policies are pushing the global economy toward a major financial crisis.
The European Central Bank, in a sweeping assessment of global financial stability, said Trump's escalating conflict with Iran and his volatile trade policies are stress-testing the resilience of the world financial system at a moment when government debt is ballooning, and asset prices are already overstretched.

It's only a matter of time.  The only question is what the trigger will be?

RE
#87
The four horsemen / Uganda closes its border with ...
Last post by RE - May 27, 2026, 01:00 PM

APNEWS.COM2026-05-27

Uganda closes its border with Congo as cases of a rare Ebola type surge

Ugandan authorities on Wednesday ordered its border with Congo closed “with immediate effect” as suspected cases of a rare type of Ebola surge near 1,000 there and others emerge at home.


Probably past the point it can be contained inside Africa.  Long as it doesn't mutate and go airborne though, there should be time to develop a vaccine. If it does go airborne or cross species though, things could get really ugly.

RE
#88
War / US and Israel carrying out str...
Last post by RE - May 27, 2026, 12:33 PM
Not at today's prices.
#89
War / US and Israel carrying out str...
Last post by K-Dog - May 27, 2026, 06:24 AM
It looks like we were both right about the casualties.  If we we pool what that knowledge has been worth we could buy 1 cup of coffee, maybe.
#90
War / U.S. Casualties in Iran War Ri...
Last post by RE - May 27, 2026, 12:09 AM

THEINTERCEPT.COM2026-05-26

U.S. Casualties in Iran War Rise as Military Strikes Begin Again

Reporting by The Intercept found that the Pentagon’s official tally of dead and wounded military personnel from the Iran War is a gross undercount, stemming from what one U.S. government official called a “casualty cover-up.”
The Defense Casualty Analysis System, or DCAS, which tracks "deceased, wounded, ill or injured" service members for Congress and the president, is missing hundreds of known casualties.
Yet again, you heard it here first! 😀

This still isn't the complete numbers IMHO,but at least it's confirmation of ongoing coverups.  If/when El Chumpo is booted  out of the Oval Office, maybe we'll get the real numbers.


RE