TechTakes

Ed Zitron from the Better Offline podcast has been saying roughly the same thing since last august.

https://www.wheresyoured.at/openai-is-a-systemic-risk-to-the-tech-industry-2/

Really good.

You are quite right in describing the zero interest rate as central banks taking the foot of the brake. Similar to how a brake can decrease speed but not increase it, the interest rate can destroy demand but not create economic activity.

The reason for not using tried and effective method of Keynesian spending is of course ideological. In the euro zone it was ruthlessly enforced by the ECB and the Commission were the deficits created by automatic stabilisers were taken as breaking the Maastricht treaty and those countries had to be put through austerity.

On other dire notes, while it could just be the oblivion remaster, according to indie game devs, the already steadily declining income (long tail turns out to mostly not be a thing) of games has really cratered in april. Sex workers also report the general economic outlook being very bad. And if that isnt enough terrible news there is also this

Really great article, IMO the best on pivot-to-ai so far! The rest of the tech media is mostly useless on these issues, thank you so much for doing this.