Excellent article. I agree with a lot of points. One think that wasn't mentioned is globalization and bailouts. Companies are getting bigger and more concentrated than ever before. And we bail them out when they fail due inefficiencies. There's no purge in the cycle. And all technological gains are eaten by bureaucratic inefficiencies.
I want to believe AI is the solution, but it's far from certain.
I want to believe AI is the solution, but it's far from certain.