So the media is awash with stories about OpenAI getting pummeled, losing market share , or that it is simply a house of cards about to collapse. OpenAI's troubles are a GOOD thing! Why?

Simply put, the odds of the AI market "bubble" (if it exists) going "pop" if OpenAI tanks are reduced given the proliferation of chatbots, LLMs, and foundational models being pushed by multiple players. https://www.engadget.com/ai/openais-house-of-cards-seems-primed-to-collapse-170000900.html #AI #OpenAI #HouseofCards #AIBubble #MarketForces #Economy

Tangled in the “thicket” of regulations behind closed doors

World-making and planet-making
"On its day two, the roundtable had substantial discussions about housing and the Environment Protection and Biodiversity Conservation Act, both hampered by excessive regulation."

The message from Canavan...was: “to make our economy bigger, we need to make our government smaller”.
>>
https://theconversation.com/view-from-the-hill-everyone-wants-a-slice-of-the-productivity-action-263431
#EPBCAct #biodiversity #laws #Environment #conservation #BiodiversityCrisis #ecosystem #decline #PublicGoods #state #regulation #governance #MarketForces #growth #GrowthMindset #DecisionMaking #democracy #ClimateEmergency #LookingAfterCountry

Reclaimining a sense of place
Mobility and the right to stay in a milieu

"Touristification describes a situation where locals fear their home towns and cities are being developed, designed and managed to attract and accommodate tourists. This touristification process benefits commerce and industries that profit from catering to visitors. Everyone else misses out, or is literally pushed out by rising housing costs. Some places are overwhelmed by short-term overtourism...Local housing, for instance, is being sacrificed for holiday rentals, facilitated by agencies such as Airbnb. local communities do not feel heard or empowered by tourism models which are focused on growth."
>>
https://theconversation.com/overtourism-is-reshaping-communities-in-europe-could-australia-be-next-260173
#tourism #overtourism #Touristification #TouristDestinations #TouristTown #coast #noise #pollution #cars #Bellingen #BellingenShire #harm #community #displacement #FastTrackApprovals #airbnb #regulation #MarketForces #housing #commodification #degradation #LeDroitàlaVille #mobility #RightToStay

#Tesla has lost 50% of its #MarketCap since #MelonHusk started seig heiling at #DJT #Election Rallys. Apparently #MarketForces are not saluting some of the most recent #CEO innovations at his money melting companies. #ShortSellers have reaped over $16 billion watching his house of cars tumble this year thus far

https://www.businessinsider.com/tesla-stock-price-crash-byd-battery-tech-musk-rbc-downgrade-2025-3

https://fortune.com/2025/03/18/elon-musk-tesla-short-sellers-payday-byd-hits-record-high-on-ev-recharging-tech/

https://www-cnbc-com.cdn.ampproject.org/c/s/www.cnbc.com/amp/2025/03/10/tesla-shares-plunge-14percent-head-for-worst-day-in-five-years.html

A spokesperson said "We Charge This Much Because We Can".
They added "Sucks To Be You".

It's just so *refreshing* when they say it out loud.

--
“Seats ... have been very popular and, as always, the cheapest fares sell out early.”
--
“... fares booked very close to departure dates and times tend to be higher than the average fare, in line with the reduced number of available seats”, noting “this is especially the case around major events and school holidays, when travel demand is highest”.
--

#airlines #duopoly #marketforces

https://www.theguardian.com/australia-news/2025/jan/11/melbourne-sydney-interstate-travellers-train-air-fares-soar

Just one more example of how #MarketForces obstruct rapid #ClimateAction. Clumsy #mandates on production won't work if demand issues aren't also addressed.

https://www.theguardian.com/environment/2024/nov/22/electric-shock-carmakers-battle-strict-uk-electric-car-rules-as-big-fines-loom?CMP=Share_AndroidApp_Other

The #market solves one problem (and often does a poor job on that): optimizing return on investment. All benefits and damages are incidental. So why do we let the #market reign in domains where damages are essential to the profits (fossil fuels, anyone?)?

And how do we get a discussion on how to evolve the economic systems so we get the benefits of the marketplace (innovative products, greater productivity) while avoiding the serious negatives - externalized cost in all the varied and damaging forms? To implement essential infrastructure improvements (e.g. charging infrastructure or expanded electrical grid, healthcare systems) which don't necessarily make the profit targets of the investors funding the market without significant negatives?

"Kroger's Senior Director for Pricing #AndyGroff said the grocery giant had raised prices for eggs and milk beyond inflation levels."

I refuse to believe the grocery sector as a whole -- #Kroger or any other stores -- limited price-gouging to just milk and eggs. No way.
This isn't capitalism. IMO it's fraud. It's manufacturing a price-fixing scheme to de-fraud the public.

#PriceGouging #capitalism #fraud #MarketForces #GroceryStores #Safeway #ConsumerGoods #USEconomy
https://www.newsweek.com/kroger-executive-admits-company-gouged-prices-above-inflation-1945742