Inevitable Result of "Managing" the Economy

The main thing I learned in my adult life is nobody, including me, knows anything. A person can know a tiny handful of real actual facts about the world. Every other claim to "know" is a lie. People believe things, or have models of things in mind, but time and changing circumstances generally invalidate those models.

The economic and political system manufactures credentials and hierarchies of so called experts to help bolster an illusion that the twats and scumbags of the "ruling class" are capable of making decisions on behalf of hundreds of millions, even billions of people at a time. Nobody is. People are hardly capable of making decisions for their family. Many members of the ruling class have broken, failed families with drugged out kids; Joe Biden is a great example of that.

The systems, like the financial system, that have simple controls can be "managed" in the sense that something like the quantity of dollars in circulation can be set by simple policy adjustments. The outcomes from that control mechanism, though, are a completely different story. Some loose concept like "productivity" or GDP doesn't really measure anything substantive, especially as the focus of the economy changes. Lots of economic activity in the US today, for example, is makework, make believe nonsense, or is parasitic. Huge numbers of people are employed by industries like insurance or finance which don't make anything at all.

Currently, the company NVIDIA is "worth" about a quarter of the entire US GDP... That's stupid. The government and the financial industry went all in on "AI" and datacenters. At the same time, there's a pretty steady flow of news about how AI's actually not fit for purpose.

I think in a nutshell people confused the type of technological advancement that happened from the 1970s to about 2010 with how tech functions today. From the 70s to sometime in the 2000s, tech "advanced" because of Moore's law, basically. That is, CPUs and other integrated circuits got faster or more capabilities every year, plus the cost per chip inevitably declined. The number of applications could expand with each iteration.

People believe that "full self driving" is "inevitable" for that reason. Nope. It's not a problem that's solved with more transistors per unit area. Maybe it's an unsolvable problem. It's the same story with "AI" or human-like robots. Another important aspect of those applications is they don't seem economical. If it takes a data center to do some office worker job, it's nonsensical.

A more fundamental point is how long will mom and pop people in the western world allow the countries to be ruled by inbred trash families? People sit idly by while their future is decided for them by some inbred retard board of directors whose main competency is nepotism. It's pretty dumb.