this is the nature of capitalism, capital begets more capital and the returns are exponential, however our societies, economies, and tax systems remain linear. We never really adjusted because it's complicated.
To me it's obvious that these extremes create perverse incentives, so the people who will take those jobs won't amount to much. I m willing to bet that Meta's AI efforts are doomed from now on.
Money itself amounts to a lot. At $250M you're already able to influence elections. So we might expect American politics for the rest of the 2020s to be broadly accelerationist and pro Big Token, even more so than it is currently. SV being the keystone of growth in America means SV ideals will have massive power in Washington.
To me it's obvious that these extremes create perverse incentives, so the people who will take those jobs won't amount to much. I m willing to bet that Meta's AI efforts are doomed from now on.