zlacker

>>tedsan+(OP)
The US appears to be fully in the grips of centralized economic autarky. A tiny coterie of industrialists who have the President's ear decide how to allocate a gigantic amount of capital for their pet projects while the state raises tariffs and implements bans to protect them from competition.

Didn't go well for South America in the 60s and 70s but perhaps, as economists are prone to saying, "this time will be different".

>>rchaud+592
Private capital. That detail seems to derail your whole comment.

>>ahmene+Sm2
> “I think this will be the most important project of this era,” Altman said on Tuesday. “We wouldn’t be able to do this without you, Mr. President.”

Since when does "private capital" speak in such honeyed tones to state powers?

https://www.cnn.com/2025/01/21/tech/openai-oracle-softbank-t...

>>rchaud+kJ2
When you want to suck up, you want to suck up.

It's private money. CEOs will say whatever they need to say to achieve goals (here, favorable conditions for AI work), look at what the actual money flows say.