LS is smart but partially wrong here. But wheel facilitated the development of more wheels how: the wheel allowed logs to be moved faster which could then create more wheels Electricity facilitated the development of more electricity how: it allowed manufacturing of equipment faster which could be used to build more power plants AI is not different. Every technology replicates itself. This isn't new. The growth rate by period is in large part attributed to population growth and not quality or sophistication of technology. I guess the economist are prone to over simplification (and therefore being incorrect) just as much as we mere mortals are.
Jumping from the wheel straight up to electricity, ... served with the customary and very convenient fossil fuels blindspot. Par for the course ... but wait there's more : a parting joke ---------- "... electricity next to free ..." nice. ;-) The laughing stock of professions strikes again !
having electricity does make more electricity
This is a super interesting take, I haven't heard anyone else take this perspective.
It was a very good interview, thanks Larry!
Where do they these dorks?
@6:19 he forgot Zionism ! The ideology he is supporting
LS is smart but partially wrong here. But wheel facilitated the development of more wheels
how: the wheel allowed logs to be moved faster which could then create more wheels
Electricity facilitated the development of more electricity
how: it allowed manufacturing of equipment faster which could be used to build more power plants
AI is not different. Every technology replicates itself. This isn't new.
The growth rate by period is in large part attributed to population growth and not quality or sophistication of technology.
I guess the economist are prone to over simplification (and therefore being incorrect) just as much as we mere mortals are.
Jumping from the wheel straight up to electricity, ... served with the customary and very convenient fossil fuels blindspot. Par for the course ... but wait there's more : a parting joke ---------- "... electricity next to free ..." nice. ;-)
The laughing stock of professions strikes again !
Global GDP¡¡