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But we’re talking about economic output, not a qualitative assessment. America has lower transaction costs, a better regulatory environment (e.g the EU with AI
by oceanplexian 2y ago
But we’re talking about economic output, not a qualitative assessment.
America has lower transaction costs, a better regulatory environment (e.g the EU with AI), better access to lending and investment, and a more robust consumer market. The US is clearly doing some things better.
- ta1243 2y agoNot convinced that AI is doing things better. And transaction costs in what sense? The US banking system is an international joke, so I'm guessing you're talking the lack of language barrier?
- falleng0d 2y agoIt's attracting a lot of investment not only from the Americans but also from outside investors. Even if most of those companies do not end up profitable, the workers that participated in the effort will have already gotten paid and the money will be absorbed by the economy. And if it pays off some day, well there you go.
- red-iron-pine 2y agocrypto got a lot of outside investment. various facebook-for-dogs did too. housing pre-2008 did too. very few of the workers in the economy outside of the data center and tech-bro market will ever see any money from this