A bunch of people have written me back saying this was the best newsletter I have ever sent (flattering) ... so here it is for those who don't subscribe: AI Is Not a Labor Crisis. It Is a Meaning Crisis.
You can't fully verify the ground you're standing on⦠you just accept that "true" and "provable-in-this-system" are not the same set, and that some truths require stepping outside the system.
Railroads CAPEX ran 6% of US GDP ... wave after wave of bond defaults. Telecom, just $1T... also everyone went bankrupt... AI data centers? ... does history repeat... that is the question.