It seems to me that this disintermediation of society needs a lot of government (and not only) debt to stand, but the bull market in precious metals is calling an end to the marriage of politics and tech. Merry Christmas and Happy New Year!
Not sure I agree. I think what gold's outperformance might mean is that governments will keep spending. For now that will swamp any deflationary impacts of tech/AI but doesn't mean tech doesn't continue to make inroads in government. Whatever industry makes the most money tends to take over government in the US at least. It was manufacturing and cars in the 50s and 60s, the finance, and now tech is emerging.
Perhaps the ability to add commercials to sports broadcasts is great for those leagues, but the constant interruptions in the action and flow of the game, especially in NFL, NBA and NHL, makes games barely watchable in the television.
this is fantastic. It's got me thinking about so much. I was just doing some work today on how ideas will develop and flow in business and how the old I wrote a book or an HBS article or McKinsey imprimatur means so much less. I'm curious about how you view China in this. WSJ had an article today about their mostly successful attempts to bring the Great Fire Wall into AI. Does this persist? Is it deinstitutionalize or hyper institutionalization (ie dictatorship) that will survive or will this undermine China's ability to keep a lid on things politically?
Great post. Looks like precious metals are behaving like bitcoin et al. Price is irrelevant they look like public voting instruments . Vast amount of talk/ media drives the investor today. I guess Tesla similar. Political shift based on how one looks and shouts on social media is worrying and we could end up having elections every year as popularity will wain very rapidly. Will valuation discipline of the past be of any importance or are we just to invest based on how many hits one has on tick tok? Merry Xmas.
It seems to me that this disintermediation of society needs a lot of government (and not only) debt to stand, but the bull market in precious metals is calling an end to the marriage of politics and tech. Merry Christmas and Happy New Year!
Not sure I agree. I think what gold's outperformance might mean is that governments will keep spending. For now that will swamp any deflationary impacts of tech/AI but doesn't mean tech doesn't continue to make inroads in government. Whatever industry makes the most money tends to take over government in the US at least. It was manufacturing and cars in the 50s and 60s, the finance, and now tech is emerging.
"Away from politics, when I look at sport, which I love, I cannot help notice how technology has changed sport over the years."
I don't think I understand what "technology" you refer to here...? That they have been better at advertising?
Ah - I think I meant capitalism here rather than technology. Apologies.
Perhaps the ability to add commercials to sports broadcasts is great for those leagues, but the constant interruptions in the action and flow of the game, especially in NFL, NBA and NHL, makes games barely watchable in the television.
Agreed. I much prefer rugby to NFL for example
this is fantastic. It's got me thinking about so much. I was just doing some work today on how ideas will develop and flow in business and how the old I wrote a book or an HBS article or McKinsey imprimatur means so much less. I'm curious about how you view China in this. WSJ had an article today about their mostly successful attempts to bring the Great Fire Wall into AI. Does this persist? Is it deinstitutionalize or hyper institutionalization (ie dictatorship) that will survive or will this undermine China's ability to keep a lid on things politically?
Great post. Looks like precious metals are behaving like bitcoin et al. Price is irrelevant they look like public voting instruments . Vast amount of talk/ media drives the investor today. I guess Tesla similar. Political shift based on how one looks and shouts on social media is worrying and we could end up having elections every year as popularity will wain very rapidly. Will valuation discipline of the past be of any importance or are we just to invest based on how many hits one has on tick tok? Merry Xmas.