Comment by thesmtsolver
4 months ago
What are these foundational issues? Whatever issues are there, I feel they are more in other big economies.
Remember, when a bear is chasing you and some others, you don't have to be faster than the bear to escape.
> What are these foundational issues?
The effective removal of regulations via winner bribes and a lack of enforcement plus the explicit removal of regulations, to reduce corruption and insider trading. AI is not required to create the systemic exploitations and they are far more efficient at extracting value than any AI system.
I don't understand the metaphor in this case.
If there's another European debt crisis (for example) does the bear eat Europe and any US issues go away?
I think a better metaphor for interconnected economies is that of chains always breaking at their weakest link.
Sure, well done, your link in the chain didn't break… but your anchor is still stuck on the bottom of the ocean and you're on your spare anchor (with a shorter chain) until you get back to harbour.