sanitationโBig Tech is desperateโ: Amazon engineers criticize tech giant for its $200 billion in data center spending amid slashing 30,000 corporate employees
teyrnonDebt. Unbelievably huge mountains of debt thatโll come due sooner or later.
There is probably a reuters article that breaks it down, I just got back on after they put up a paywall, then cancelled it at some point idk.
But Jesus Christ, 200 billion is astronomical. Idk the numbers for amazon, but they canโt service that debt well.
Yeah, itโs a nation wide hail Mary project for the rich. Either AI works and it launches them beyond the competition or China passes USA, becomes the new superpower and things get bad anyway. The bottom 99% is going to suffer anyway.
Geo-politics and global trade is not a zero-sum game. In fact trade is one of the earliest and most prevalent examples of a non-zero sum game that benefits all parties and creates the environment necessary for long-term peaceful relations.
It can create the environment, but doesnโt make it inevitable. People still do boneheaded moves for more money or power. Russia did invaded Ukraine because it thought trade dependencies would rule out sanctions and counteractions.