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by niemandhier
10 days ago
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Being slow is sometimes a problem. But if the needed total revenue for an investment is so absurdly large, that we need to capture 5-10% of the labour market,
being slow might mean not burning in the crash. The US drove the CCCP to bankruptcy by investing in nuclear bombs. Maybe history repeats itself. |
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Yes an economy that's being inflated by AI can affect acquiring of certain resources like DRAM or certain silicon quotas, if you're not joining the bandwagon. However there is enough in-house tech in Europe to prop up the critical industries that do not get affected by AI.
The US also needs someone to sell their stuff for keeping the inflated prices. A majority internal market is as unhealthy for the US as the EU.