Sure if you immediately stopped government spending today we'd have negative growth today but that's not because other things aren't growing, it's because you just removed part of the base that existed last year. That would be true of literally pretty much any economy ever, or anything that's growing and you decided to remove a chunk of the base from.
And yes I absolutely believe the government does not have better generative AI than Anthropic or its competitors.
So many people in the US live a paycheck to paycheck lifestyle, that the covid lockdowns without government spending would have likely devolved into zombie apocalypse territory where hungry people were ransacking homes in more affluent neighborhoods (yes, even occupied homes). This is why people also bought lots of guns and ammo during Covid. You may think those people are crackpots, but I feel we actually got very close to it happening.
My local food bank (big city) ran out of supplies just as they announced the first waves of stimulus or whatever they called it (the weekly checks). So I’m pretty sure we were literally only days away from that being a reality.
They wouldn't ransack home in rich neighbourhoods for food for a million reasons (too far, too weak, roads are closed, rich homes have security, rich people have as much food at home or less compared to an average person). They would break into the supermarkets first, then each others homes around them before what was left would organize and go searching.
The checks helped and were the right call but we weren't close to a zombie outbreak.
Would love for you to tell me how close we were from it or how many days without food/work/income a large portion of our population could endure before they “would organize and go searching” - which by the way is exactly what I’m talking about.
Eisenhower warned of the military-industrial complex, and 60 years later it's eating everyone's lunch.
not even top 3
Homeland Security is less than 1/6th the budget of DoD alone.
Trying to imagine somebody that doesn’t know that the military buys dumb stuff and for some reason a human doesn’t come to mind. I keep picturing a horse
This is the case for every government/nation in the world. The difference between communism and capitalism, is that the Politburo in capitalism allows the natural selection of elites based on their performance on an open economy. At least that was the case until 2011.