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jbz
@jbz@indieweb.social  ·  activity timestamp 2 weeks ago

Bubblegum Crisis 2025

「 Indeed, it is possible that the only way American capitalism can ever amass the scale of investment needed to create this type of ambitious infrastructure is via such manias. That, at least, is the argument I have heard from some White House officials — and techies — who see this as the best route to compete with Chinese state capitalism 」

https://www.ft.com/content/f2025ac7-a71f-464f-a3a6-1e39c98612c7

#ai #bubble #economy #dystopia #cyberpunk

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jbz
@jbz@indieweb.social replied  ·  activity timestamp 2 weeks ago

“[This is] a systemic, strategically mediated form of intra-industry risk-splitting,” says Francisco Sercovich, of the University of Buenos Aires, who sees this as an extreme version of how “the Sematech consortium of the late 1980s and early 1990s pooled corporate and federal capital to stabilise US semiconductor R&D against Japanese dominance”.

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