American Economics Thread

luminary

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The tech bro mentality has been completely assimilated with the AI hype. The EA rationalist nuts have taken over. But their longtermism and anarcho capitalism is just a thin veil for Western colonialism and slavery.
Silicon Valley’s ideology is this: Libertarianism for me. Feudalism for thee.

• Surveillance, manipulation and coercion; at first, just for profit, later by necessity, and ultimately for the hell of it

• Disruption and capture, not competition; monopoly or at least duopoly in each industry it envelops.
• Oligarchy to begin with, creeping autocracy for the win. Overseas autocrats the best of friends.

• Pick me or China wins.

• Ever-increasing inequality and the concentration of capital within a small, interconnected group who back each other’s companies and public moves.

• There is no such thing as human rights. There is only identity politics and culture war, which are profit centres.

• Far right white supremacism; libertarianism for white men, forced birth for white women. Eugenics for everyone else.
• A series of bullshit dark utopias designed to drive the hype and private equity cycles, distract and dazzle gullible politicians and policymakers, and convince everyone else that there is no alternative. E.g. crypto-currencies, Facebook’s Metaverse, AI and, of course, Mars.

• Systematic racism and misogyny in the workplace, the destruction of organised labour, the ever-worsening of working conditions, extreme inequality.

• Denigration of human agency and creativity, beginning with writers, artists and musicians. Systematic destruction of their ability to earn a living and suggest alternatives.

• Obsessive optimisation along narrow spectrums; externalisation of risks and costs to others, i.e. workers, ‘data subjects’, the public sector.
• Gutting of independent media, hatred of journalism in particular and accountability in general. Buying out or shutting down all opposition.

• State subsidies and tax dodging. Hollowing out the state. Making private – both in terms of ownership and secrecy – what used to be accountable and universal public services.
• The spoils to the strong, the costs to the weak. Might is right. Winner takes all. The state is an enforcer, not a support. Let the long tail starve.
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Here are serial murders conducted by the AI cult that was covered up until recently. But they were common knowledge around SF.
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gadgetcool5

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American company Boom Aero claims to have created a plane that can fly at supersonic speeds without a sonic boom -- the issue that caused previous supersonic planes to fail. If this succeeds, it could make China's future aerospace projects like the C929 or C939 obselete by the time they go into service.

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Does China have any companies working towards supersonic passenger airline flight?
 
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siegecrossbow

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American company Boom Aero claims to have created a plane that can fly at supersonic speeds without a sonic boom -- the issue that caused previous supersonic planes to fail. If this succeeds, it could make China's future aerospace projects like the C929 or C939 obselete by the time they go into service.

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Does China have any companies working towards supersonic passenger airline flight?

Yup.

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gadgetcool5

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Yup.

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My understanding is that Yunxing is an experimental aircraft much farther from commercial viability, whereas XB-1 is a technology demonstrator that could become viable and enter service in the 2030s. So you would have a gap where the Boom Aero Overture is in service and XB-1 is not yet usable (who knows if it is even being developed towards large scale commercial aviation, the reports seems fuzzy on this). Meanwhile Comac will have poured decades of efforts in the C929 which would be outclassed. There is sort of an analogy here with the Long March 9, which China originally spent a lot of effort making as an expendable rocket, meanwhile they realized at a late stage that the SpaceX Starship design was the way to go.

In my view, both supersonics and hypersonics provide an opportunity for China to catch up to competitors in commercial aviation more quickly by leapfrogging 20th century/early 21st century established technologies. But it needs to have efforts at each stage of ambition (established: subsonic, reach: supersonic, and experimental: hypersonic). China has the subsonic and hypersonic projects, but I don't see a supersonic one yet.
 
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Overbom

Brigadier
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My understanding is that Yunxing is an experimental aircraft much farther from commercial viability, whereas XB-1 is a technology demonstrator that could become viable and enter service in the 2030s. So you would have a gap where the Boom Aero Overture is in service and XB-1 is not yet usable (who knows if it is even being developed towards large scale commercial aviation, the reports seems fuzzy on this). Meanwhile Comac will have poured decades of efforts in the C929 which would be outclassed. There is sort of an analogy here with the Long March 9, which China originally spent a lot of effort making as an expendable rocket, meanwhile they realized at a late stage that the SpaceX Starship design was the way to go.
Man, have heard so many times about all sorts of some new wonder tech outclassing trillion-level industries. Still waiting

SpaceX starship example is merely 1 out of thousands that (seems to) succeeds.

Until then, I am more of a pessimistic than optimistic. Economies of scale, established methods of operation, conservative mindset, geopolitics, and all that, will ensure that COMAC operation will (hopefully) have explosive growth and revenue/profit
 
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