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Again with people of limited knowledge and intellectual assuming GDP means anything relevant to the point they're making, but it doesn't. Exhibit A, almost 9%
by sofixa 2y ago
Again with people of limited knowledge and intellectual assuming GDP means anything relevant to the point they're making, but it doesn't.
Exhibit A, almost 9% of GDP is tourism. Not only is that not productive in any sense of the word, that will crater thanks to Trump and ICE Gestapo wannabes arresting random people for minor administrative errors. Nobody sane wants to visit the US now.
Exhibit B, you assume higher GDP means something good. In the US, a good coffee, with tip and tax, can cost you $10. In France, it's 1.50-2€. GDP numbers would make you believe the US is 5-10 betters, but in reality, there's no difference other than Americans being scammed out of their money with very high prices.
Exhibit C, anything that happens in any of the US health insurance companies. Record profits, high market caps, etc. but you'd struggle to find anything of any value happening there.
- ArtTimeInvestor 2y agoThere IS a big difference: The USA is able to make the most advanced AI. And that is the one thing that will count. Out of the 4 neccessary ingredients (photolithography, wafers, LLMs, energy) the USA already has LLMs and energy. And is pushing hard to bring photolithography and wafer production inhouse too. No other country currently has a good shot at it.
- sofixa 2y agoYou probably missed Mistal and DeepSeek. And of course you're making the assumption that AI will be a revolution on par with the industrial one, which is still to be proven.
- ArtTimeInvestor 2y agoNeither Mistral's nor DeepSeek's AI are on par with what US companies like Google, OpenAI and Grok have. Plus, both rely on US GPUs. So far, it seems like there is no possible future in which the US can be overtaken in AI matters. The USA is already leading and investing the most into the future.
- nottorp 2y ago> Plus, both rely on US GPUs. ... american components, russian components ... all are made in Taiwan. > The USA is already leading and investing the most into the future. Wasting resources on the current investment hysteria. You already forgot about blockchain.
- ArtTimeInvestor 2y agoYou already forgot about blockchain It sounds like you lost sight of it. Bitcoin has become one of the top 10 assets in the world.