Dalio's video is good. Worth watching.
But he doesn't model the effects of tech. Yes, China is rising & US state capacity is in decline. Yet US corporations still wield phenomenal digital power, and BTC/web3 are rising, as is India. So it's more complex.
But he doesn't model the effects of tech. Yes, China is rising & US state capacity is in decline. Yet US corporations still wield phenomenal digital power, and BTC/web3 are rising, as is India. So it's more complex.
Yes, it takes 20 years to reopen a bathroom in SF
Yes, many cities are nevertheless copying SF
Yes, tech is moving away from SF
And yes, unicorns are being started outside SF
So the long term trend is against both physical & digital power with SF values. But in the medium run…
Yes, many cities are nevertheless copying SF
Yes, tech is moving away from SF
And yes, unicorns are being started outside SF
So the long term trend is against both physical & digital power with SF values. But in the medium run…
Put another way, the US is declining in the physical world, as is visible in its major cities, but it's still quite powerful in the digital world. And that digital power is increasingly wielded with a blend of DC and San Francisco values. DC points, and SF shoots. Or clicks.
Even people who live in the digital world can underrate digital power. COVID flipped it in peacetime and RU/UA may have in wartime.
If so, cloud supremacy is more important than air supremacy. Being upstream of the flow of info and money is how states inspire & pay the troops.
If so, cloud supremacy is more important than air supremacy. Being upstream of the flow of info and money is how states inspire & pay the troops.
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