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The Last Gasps of the Rent Seeking Class
ai-agentseconomic-impactautomationgoogle-duplex
Opinion

Last gasps of the rent seeking class?

The U.S. economy has developed a significant rent-extraction layer that exploits human limitations, such as time constraints and brand familiarity. Trillions of dollars in enterprise value rely on these constraints continuing to exist.

geohot.github.io

πŸ”₯πŸ”₯πŸ”₯πŸ”₯πŸ”₯

5 min

2d ago

I'm OK being left behind, thanks

Cryptocurrencies are often promoted as the future of money, but concerns about their volatility, usability, and reliability remain. The notion of "getting left behind" in adopting cryptocurrencies contrasts with the belief that their benefits will persist regardless of early adoption.

shkspr.mobi

πŸ”₯πŸ”₯πŸ”₯πŸ”₯πŸ”₯

2 min

3/20/2026

Big Tech's AI Push Is Costing More Than the Moon Landing

Projected capital spending for Meta, Amazon, Microsoft, and Alphabet in 2026 is estimated to be 2.1% of GDP. This figure surpasses historical spending on U.S. railroads (2.0%), the interstate highway system (0.4%), and the Apollo space program (0.2%).

wsj.com

πŸ”₯πŸ”₯πŸ”₯πŸ”₯πŸ”₯

3 min

2/7/2026

Last gasps of the rent seeking class?

The U.S. economy has developed a significant rent-extraction layer that exploits human limitations, such as time constraints and brand familiarity. Trillions of dollars in enterprise value rely on these constraints continuing to exist.

geohot.github.io

πŸ”₯πŸ”₯πŸ”₯πŸ”₯πŸ”₯

5 min

2d ago

Big Tech's AI Push Is Costing More Than the Moon Landing

Projected capital spending for Meta, Amazon, Microsoft, and Alphabet in 2026 is estimated to be 2.1% of GDP. This figure surpasses historical spending on U.S. railroads (2.0%), the interstate highway system (0.4%), and the Apollo space program (0.2%).

wsj.com

πŸ”₯πŸ”₯πŸ”₯πŸ”₯πŸ”₯

3 min

2/7/2026

I'm OK being left behind, thanks

Cryptocurrencies are often promoted as the future of money, but concerns about their volatility, usability, and reliability remain. The notion of "getting left behind" in adopting cryptocurrencies contrasts with the belief that their benefits will persist regardless of early adoption.

shkspr.mobi

πŸ”₯πŸ”₯πŸ”₯πŸ”₯πŸ”₯

2 min

3/20/2026

Last gasps of the rent seeking class?

The U.S. economy has developed a significant rent-extraction layer that exploits human limitations, such as time constraints and brand familiarity. Trillions of dollars in enterprise value rely on these constraints continuing to exist.

geohot.github.io

πŸ”₯πŸ”₯πŸ”₯πŸ”₯πŸ”₯

5 min

2d ago

I'm OK being left behind, thanks

Cryptocurrencies are often promoted as the future of money, but concerns about their volatility, usability, and reliability remain. The notion of "getting left behind" in adopting cryptocurrencies contrasts with the belief that their benefits will persist regardless of early adoption.

shkspr.mobi

πŸ”₯πŸ”₯πŸ”₯πŸ”₯πŸ”₯

2 min

3/20/2026

Big Tech's AI Push Is Costing More Than the Moon Landing

Projected capital spending for Meta, Amazon, Microsoft, and Alphabet in 2026 is estimated to be 2.1% of GDP. This figure surpasses historical spending on U.S. railroads (2.0%), the interstate highway system (0.4%), and the Apollo space program (0.2%).

wsj.com

πŸ”₯πŸ”₯πŸ”₯πŸ”₯πŸ”₯

3 min

2/7/2026

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