ferment.lens 🍉𓄿

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ferment.lens 🍉𓄿

ferment.lens 🍉𓄿

@0xferment

econ, crypto, climate, covid he/him unfollow if that triggers you https://t.co/VgZFWIbXVm

Katılım Kasım 2021
5.2K Takip Edilen1.1K Takipçiler
ferment.lens 🍉𓄿
ferment.lens 🍉𓄿@0xferment·
ferment.lens 🍉𓄿 tweet media
Elias Al@iam_elias1

Two economists just published a mathematical proof that AI will destroy the economy. Not might. Not could. Will — if nothing changes. The paper is called "The AI Layoff Trap." Published March 2, 2026. Wharton School, University of Pennsylvania. Boston University. Peer reviewed. Mathematically modeled. The conclusion is one sentence. "At the limit, firms automate their way to boundless productivity and zero demand." An economy that produces everything. And sells it to nobody. Here is how you get there. A company fires 500 workers and replaces them with AI. A competitor fires 700 to keep up. Another fires 1,000. Every company is behaving rationally. Every company is following the incentives correctly. And every company is building a trap for itself. Because the workers who were fired were also customers. When they lose their jobs faster than the economy can absorb them, they stop spending. Consumer demand falls. Companies respond by cutting costs — which means automating more workers — which means less spending — which means more falling demand — which means more automation. The loop has no natural exit. The researchers tested every proposed solution. Universal basic income. Capital income taxes. Worker equity participation. Upskilling programs. Corporate coordination agreements. Every single one failed in the model. The only intervention that worked: a Pigouvian automation tax — a per-task levy charged every time a company replaces a human with AI, forcing them to price in the demand they are destroying before they pull the trigger. No government has implemented this. No major economy is seriously discussing it. Meanwhile the numbers are already tracking the curve. 100,000 tech workers laid off in 2025. 92,000 more in the first months of 2026. Jack Dorsey fired half of Block's workforce and said publicly: "Within the next year, the majority of companies will reach the same conclusion." Nobody is doing anything wrong. Companies are following their incentives perfectly. That is exactly the problem. Rational behavior. At scale. Simultaneously. With no mechanism to stop it. Two economists built the math. The math leads to one place. Source: Falk & Tsoukalas · Wharton School + Boston University · arxiv.org/pdf/2603.20617

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KKGB
KKGB@INArteCarloDoss·
Picture the asymmetry here: An unhinged senile heading a decaying empire advised by foreign assets and Christian eschatological radicals driven by destruction vs A radical militarised regime against a wall backed by world powers seeking the demise of the above => Attrition
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Arnaud Bertrand
Arnaud Bertrand@RnaudBertrand·
For people who say it couldn't be predicted that the Iran war would be this consequential for the global economy, watch this 2012 video of former National Security Advisor Zbigniew Brzezinski 👇 He predicts what did in fact happen: "[Iran] can hurt us a lot... Can you imagine what the consequences would be for us if [...] Iraq was massively destabilized, if Bahrain was set on fire, if the North-Eastern oil fields in Saudi Arabia were attacked... The consequences, the costs would be cumulative... The global economy would be affected so we're playing with fire here." All of this happened. Which goes to show that the US government has been acutely aware for decades of how globally destructive a war on Iran would be for all of us (including on America itself and on its Gulf allies): when Trump says that “nobody” expected Iran to retaliate by targeting US allies in the region (reuters.com/world/middle-e…), it's a bold-faced lie. So the real question is rather: if you know something will set the world on fire, and you do it anyway, and the consequences unfold exactly as predicted - at what point does the rest of the world stop looking at Washington as a fireman and start reckoning with the fact that they're dealing with an arsonist? Source video: youtube.com/watch?v=VjbZ4V…
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Tad Ghostal
Tad Ghostal@poe_collector·
Found an AI perspective I’d never heard before from a teacher of teens. It’s a bit meandering but your three minutes will be well used.
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Fofty Pawlow
Fofty Pawlow@FoftyPawlow·
*TRUMP: WE WANT TO TALK TO THEM, AND THERE'S NOBODY TO TALK TO *TRUMP: WE WANT TO TALK TO IRAN, THERE IS NOBODY TO TALK TO He wants out, but nobody picks up the phone?
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CIRA
CIRA@CIRA_CSU·
A dangerous, fast-growing wildfire moves northeast across the Oklahoma panhandle, burning towards the Kansas state border. There is an extreme fire danger in place for the High Plains today.
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Nick Timiraos
Nick Timiraos@NickTimiraos·
Trump picked a Fed chair he thinks he can count on. Three presidents thought the same thing. None got what they expected. The ghosts of Burns, Miller, and Martin loom over Trump’s choice of Kevin Warsh. wsj.com/economy/centra…
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Flip
Flip@Flip_Research·
X just feels cooked rn. Most interactions are bots posting AI slop, even real CT accounts are using AI to pad out their posts Meanwhile the algo is broken, feed is always hyper-focused on a single topic So tough to find alpha these days
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contra
contra@ezcontra·
vibe check
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DonAlt
DonAlt@DonAlt·
@dre36082 I think Trump could sexually abuse children and somehow you guys would still find a way to spin it positively. Theres stories to fit anyone's narrative.
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DonAlt
DonAlt@DonAlt·
Since Trumps inauguration BTC is down 16% Serious alts are down 20-50% Clown alts are down infinite Crypto president my ass
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zkTuring.hl
zkTuring.hl@zkTuring·
HYPE chart looks so ready for $20… Old me would’ve sold here, but I’ve learned that lesson the hard way. Which is exactly why this will probably be the one time it actually nukes… right when I finally decide to hold and believe in something. Hyperliquid
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ferment.lens 🍉𓄿
ferment.lens 🍉𓄿@0xferment·
@Innerdevcrypto I appreciate your optimism but would also point out that you cite free market incentives and then go on to mention China's green energy. China is a mix of free market and state directed incentives, the latter of which is largely responsible for the green energy.
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Innerdevcrypto
Innerdevcrypto@Innerdevcrypto·
Club of Rome predictions: wrong Peak oil predictions: wrong Climate catastrophe predictions: wrong What did they miss? Free market incentives + amazing ability of humans to adapt and invent new things And yes, of course i am aware it is not bliss and paradise for a large part of humanity or the ecological state of the planet, but still, just look at the amount of green energy tech china is deploying and selling to the world, the stunning amount of resources available through new techniques (and asteroid mining in the future) and overall a less catastrophic climate change (until now) than many predicted Being optimistic on human ingenuity is ok Of course looking inside once in while would make us a lot more content as a species
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