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Nothing goes up and to the right forever. Nothing. Building a business model on the belief that “this time is different” always finds storms on the horizon.
by cmiles8 2mo ago
Nothing goes up and to the right forever. Nothing.
Building a business model on the belief that “this time is different” always finds storms on the horizon.
- pelotron 2mo agoWhat if we build our whole economy on that belief?
- CodesInChaos 2mo agoA lot of things go up forever, as long as you denominate them in an inflationary currency ;-)
- cmiles8 2mo agoThere’s a massive difference between “going up forever” and “point B is higher than point A.” The current setup can’t sustain a downturn, even if yes 20 years from now point B is likely to be higher than present. That’s the danger. Those that are going to get wiped out by the AI bubble burst aren’t wrong about AI being huge long term, they just put themselves in a position to not survive the storms that happen between points A and B.
- rglover 2mo agoThis is the best articulation of this problem/paradox I've read yet.
- barbecue_sauce 2mo agoWell, they certainly can't go left.