The Other Two Futures
One is the largest capital misallocation in history. The other is the outcome everyone wants but nobody is building for. Part 4 of 5.
Topic
Political Economy
A collection of 3 issues
Disruption Without Redemption
In this future, AI works. That's the problem. The gains are real, they accrue to the owners of the compounding asset, and almost no one else. Part 3 of 5.
The Cascade: How AI Ends Up Owned by the Government
A timestamped public prediction, in four steps. The President will pivot to anti-AI populism. The financial crisis will trigger a bailout. The bailout will become ownership. Here is the sequence — and the only intervention that works.