> “I think this will be the most important project of this era,” Altman said on Tuesday. “We wouldn’t be able to do this without you, Mr. President.”

Since when does "private capital" speak in such honeyed tones to state powers?

https://www.cnn.com/2025/01/21/tech/openai-oracle-softbank-t...

Bookmark this - This private capital will eventually backed by Govt guarantees on the loan banks gives. Which will socialize the loss and privatize profit...

Also the fact that two of the names in the headline are foreign owned. (North Korea is an autark's wet dream.)

> > Private capital

Groupthink capital, directed by mostly 2 "thought leaders".

Economies don't like Groupthink Capital, regardless of it being private, public or a combination of the 2

Of course the US economy as a whole is huge so even billions can be absorbed, once you start talking about half a trillion though...

How so? Does this capital being private ensure "this time will be different"?