Description
A few days ago, a Delaware court suspended the payment of Tesla’s compensation package to founder Elon Musk, which was originally decided in 2018. The package was worth about 56 billion dollars, which is unprecedented even for the fantastical world of tech companies. And this sanctions the entrance of capitalism into the age of digital feudalism. The seven tech giants - Apple, Microsoft, Google Alphabet, Amazon, Nvidia, Tesla and Meta – form a new aristocracy that demands absolute authority and is even challenging States. On the other side, we have the American antitrust authority – or Federal Trade Commission – with the young thirty-five-year-old Lina Kahn at the helm. The match has just begun, although the first few rounds seem to have gone to the Magnificent Seven.
The Mar-a-Lago accord is a hypothetical project that both Trumpian economists and outside observers are following closely. It is bound to be an ambitious new direction for the international economic equilibrium, and certain to affect the following four years – for good or for ill. A combination...
Published 11/20/24
The rise of Artificial Intelligence brings to mind the fear of an apocalypse. In one of these dystopian predictions, thinking machines will take over the giant maze of bureaucracy at the core of modern society. In this scenario, AI will be tasked with deciding if and how to give out a mortgage,...
Published 11/13/24