There are two major ways that people do large expensive projects: private sector or the government.

[futurebird@sauropods.win]

There are two major ways that people do large expensive projects: private sector or the government.

The number of public companies has been shrinking. New companies with promising futures are quickly bought out. Gold is up, real estate is up, there is too much money that wants to be invested and not enough opportunities to invest.

The market has too much money not enough ideas.

And not enough of these private sector operations will build infrastructure or really get anything productive done.

[futurebird@sauropods.win]

Consider the rail road boom. In many ways it was similar to what we are seeing now, but at least they were manufacturing trains and laying rail.

What are we going to have when the dust settles?

Data Centers.

Couldn't we at least build power plants instead?

There is nothing magic about "The Market" sometimes it produces competitive circumstances that may drive innovation, sometimes it can distribute resources somewhat effectively. But it can also simply fail to do those things.

[oblomov@sociale.network]

@futurebird (especially when instead of an actual free market (i.e. one where there is no imbalance of contractual power) it's just a clusterfuck of abusive monopolies, cartels and the billionaires that profit from them.)