Dyrehaugen

Commodifying human interaction AI replaces scarcity with abundance. Economics is the discipline for management of scarcity. Will AI make economics irrelevant? No, says Alex Imas “we will still have scarcity, but the kind of scarcity that matters will change.” It may be reasonable for an economist to be unable to accept the need for his daily business disappear, so he goes on with a lengthy essay and CES-modelling to find the new kind of scarcity that AI presumably will conway....

It takes two for a tango. And it takes two classes for capitalism to dance - capitalists and workers. Much focus has been put on the fact that wages have to be above subsistence for the working class - and thus capitalism - to function. Less attention has been given to the critical level of capitalist consumption for the capitalist class to survive. Untill now. What happened around 1980? In an intriguing new article Nicolas Villarreal demonstrates that the capitalist class experienced a near-death event around 1980 and was only saved by the neoliberal turn....

Low-Cost Imperialism has arrived The US has accumulated a national debt of $36 trillion and are facing growing doubts about it capability to service it. Reduced trust will feed into increasing interest levels ahead and will just make the squeeze more severe. So why not go into ‘Viking Mode’ - go out looting abroad for cheap real resources to balance the book! When the goal is Resource Extraction, Democracy is an inefficiency....

Cheated by the Americans - as always An old saying goes like this: “Don’t listen to what the Americans say, look at what the Americans do” However, the ruling elites of European states never learned this wisdom. The Cold War was a propaganda war and Europeans was brainwashed by that propaganda into believing what the Americans said could be trusted. So for the long post WWII era we have been living under the American security umbrella and not bothered much with military geopolitics - untill now....

FINALLY - DONALD WILL MAKE IT! Millions and millions of people have worked to destroy the American empire, and all of them failed. Now Donald is succeeding! The neoliberal trade order since the late 80s was designed to destroy countries’ sovereignty, making it impossible to truly regulate investors, to run industrial policy, or even, in rich nations, to keep wages up. Donald puts an end to it! Europeans always listened to America....