Are we on all roads to totalitarianism, a system where everything is centrally controlled, where there are no free markets or price discovery, and where there is extreme regulation, and control over capital, information and even your movements? “One of Karl Marx’s ten planks in his Communist Manifesto to seize power is the centralization of credit in the hands of the state, through a national bank with state capital and an...
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Historians might look back at the Ukraine war as the flashpoint that triggered WW3. The sinking of military flags ships is what started previous global conflicts. Brits sinking German ships in Jutland triggered WW1, and the Japanese sinking US ships in Pearl Harbor was the catalyst for WW2, the sinking of the Moskva ship in April 2022 could have been what sparked the WW3 bloodbath this century. The Ukrainian war is more than one year...
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Investors have been riding the AI wave, but seasoned wave riders know where best to exit the wave before the mania breaks. But let us assume that AI is beyond the hype and technologists are on the verge of developing a mechanical mind with god-like intelligence. What happens when machines with mechanical muscles and minds make humans obsolete from the economy? The paradox of AI is it could collapse the economy, slash tax revenues,...
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