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dofmtoday at 12:49 AM0 repliesview on HN

If your primary concern is that:

- two companies that have not proved themselves capable of producing any amount of money unless a larger amount is given to them...

- will combine with a government that is so domain-generally incompetent it is losing allies left, right and centre, has recently been humbled into giving a previously-controllable foe an unprecedented level of economic global power and cannot even organise itself a competent birthday party in one of the most important places on earth...

- and this combined entity will then operate a power system like no other, with the combined energies of a sociopathic Jobs wannabe, a man who only speaks in Tolkien analogies and a more-or-less-universally-loathed old man with undisclosed serious health problems, an obsession with gold paint and a vocabulary of maybe a hundred words

… then, OK, I guess.

But the economics don't really support it. The money to build and operate this power machine still has to come from somewhere, that money is drying up, and if AGI arrives, employment and consumer demand collapse and the money stops flowing.

There is a looming catastrophe but it is a sort of long economic winter in the tech industry, combined with a national economy that discovers that when that industry's money-go-round stops making line go up, it resembles its own late 1920s.