r>g is an old hustle, LLMs just accelerate it. Lizards aren't wizards.
replywhen there was so little capital it had to be true... the idea that it will persist forever is obviously silly.
replyThe problem isn't that it fails to unwind, the problem is what the unwind looks like. Last time it meant global upheaval and world wide capital incineration -- mostly metaphorical in the case of the US but very literal in the case of Europe and Asia. The poor suffer more in real terms but capital suffers more in nominal terms and that unwinds inequality and the burden of furnishing runaway capital with the runaway returns it demands in excess of economic growth.
replyI'm sure the same "strategy" will work again, but this time around everyone has nukes and drone swarms and AI-equipped bio labs so shit's gonna be lit.
You don't need a back room filled with cigar smoke where supervillains coordinate their plans while twirling their mustaches when good ol' class interest does the same job.
replys/deep lizard state/billionaires/
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