Ep.25 - Silicon Valley and Social Inequality

Ep.25 - Silicon Valley and Social Inequality

Back during the gold rush, there was a sudden explosion of inequality. In the mining towns, some owned concessions, business licenses and strategic assets – and these were the ones who made the most money. Everyone else (especially the miners) just got poorer. It’s called the “Cantillon effect” and it explains the deep imbalance between the distribution of wealth there where it cycles the most. Yesterday like today. In the XXI century just like in the days of the boomtowns, expansionary monetary policies, quantitative easing and the emission of public debt have all contributed to the erosion of monetary value. This has deepened social inequality, especially in the Silicon Valley – which appears as a frontier of technological innovation, but which looks more and more like our tragic and unfair future.

Avsnitt(45)

Ep.21 - The water crisis in the time of AI

Ep.21 - The water crisis in the time of AI

Water is the most commonly exchanged resource in the world. The “virtual market” of blue gold is four-hundred times that of petrol. But the water crisis is one of the main emergencies of our time, esp...

14 Feb 202411min

Ep.20 - Elon Musk and the Magnificent Seven

Ep.20 - Elon Musk and the Magnificent Seven

A few days ago, a Delaware court suspended the payment of Tesla’s compensation package to founder Elon Musk, which was originally decided in 2018. The package was worth about 56 billion dollars, which...

7 Feb 202412min

Ep.19  - Artificial Intelligence and thermonuclear war

Ep.19 - Artificial Intelligence and thermonuclear war

Moscow, 26 September 1983. It’s a few minutes past midnight, when lieutenant colonel Stanislav Petrov looks the apocalypse right in the eyes. On the screens connected to OKO - a satellite system which...

31 Jan 202413min

Ep.18 - The Two Faces of Davos

Ep.18 - The Two Faces of Davos

“Rebuilding Trust in the Future»” was the theme of the latest edition of the World Economic Forum, held like every year in Davos. This title immediately sounded vague when considering our present time...

24 Jan 202411min

Ep.17 - The crisis of global routes

Ep.17 - The crisis of global routes

In the last few weeks, we’ve seen a new danger for global markets. The raids of the Houthi, a Yemenite rebel militia supported by Iran, have blocked one of the arteries of global commerce: the Red Sea...

17 Jan 202413min

Ep.16 - Finance and the best of all possible worlds

Ep.16 - Finance and the best of all possible worlds

Looking at the main financial indicators, the situation at the start of 2024 looks better than the most optimistic predictions. Inflation is dropping, American growth is constant, unemployment is stab...

10 Jan 202412min

Ep.15 - 2023: return of the Leviathan

Ep.15 - 2023: return of the Leviathan

"2023 was the year in which the State regained control of economic policy with so-called de-risking: a risk reduction strategy by which the West wishes to move away from reliance on the Chinese market...

27 Dec 202311min

Ep.14 - The five days that did (not) shake OpenAI

Ep.14 - The five days that did (not) shake OpenAI

The latest earthquake to shake Silicon Valley was last Friday 17th November. The epicenter was at 601 Mission Street, San Francisco, headquarters to OpenAI – the leader of the AI sector. In less than ...

20 Dec 202311min

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