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Europe and the UK have the same problem. I wish they looked at this situation (inflation, stalled supply chains, energy price raises) from a global perspective
by sharikous 5y ago
Europe and the UK have the same problem. I wish they looked at this situation (inflation, stalled supply chains, energy price raises) from a global perspective instead of focusing on the US only
I have the impression a long awaited crisis is finally coming. Remember the stock market going up and up and the busloads of many invested in tech and ML?
At some point the bubble had to explode. The COVID-19 crisis was an unexpected black swan which is acting, belatedly, both as a retardant and as a trigger for the global, systemic, financial and economical crash that usually happens once a decade.
- goalieca 5y agoMay I suggest that tech companies are so heavily valued because it seems reasonably possible for a single company to win the market on a global scale. We all know the absurd amount of money required to put out a mature service. Losing tons of money but getting there first is a winning strategy and practically delivers a monopoly.
- javajosh 5y agoHopefully the market will correct by funneling money into distributed manufacturing. This will happen because money loves buying things, dislikes making things, but actively hates it when there's nothing to buy, nowhere to go, nothing to do. I actually think repair and remanufacture is a great place for growth in this area. It's a lot easier to enter than full-blown factory production, AND it will help a stuff-rich society get some real utility out of all that crap sitting around in storage units, closets, and landfills. Maybe I'm just in a good mood but I'm actually kind of excited for this.