Don't underestimate an average person's love for slop content. Yes it's true AI systems have gotten better and will continue to get better, but it's also not what most people care. My mom watches AI generated drama everyday. My dad too has no problem with AI short form content.
It sucks but that's the state of the world right now.
Edit: thanks to the guy who posted the link to the study below. In that study it's written that a similar test was performed in 2024 and they had similar results. Somehow only proving my point.
I mean, isn't a company's valuation decided by the company themselves? Rest, when market forces are controlled by private hedge funds, asset management companies, and retirement funds, I feel normal Market rationality cannot be assumed. Market ownership right now is highly concentrated in these entities, and they have all the incentives to keep these valuation up for the reasons you stated.
It's interesting that the more you learn about the market the more it looks like a ponzi scheme😂
His net worth is inflated even by American standards where net worth is already insanely inflated.
A lot of times, company evaluation is calculated by being roughly 10x it's yearly revenue. Alphabet, meta, all fit this. Space X is literally valued close to 100x
In my opinion, the control of mass media is a problem that comes after you elect a dictator. Like we're talking orban and netanyahu here. Trump did not have Media control until 2016. While arguably he did have some in 2024, his media control wasn't this strong at any point in history.
Media control is the reason why getting rid of dictators is extremely hard. What I am talking about is what even gets them into the office in the first place
And because of FPTPs ability to drown voices that are not popular, these dictatorial leaders tend to rise at the top, and only option becomes the other party. The equilibrium of FPTP is a two party system, exactly like the one we see in America.
Unfortunately Trump is a product of this exact machinery.
Honestly it's laughable when westerners say " trump is doing X to distract from the Epstien files" no dude, he does it cause he's insane. He doesn't care about the Epstien files. He knows he's above the law while he's serving as the president
The debt held by the central government.
Don't underestimate an average person's love for slop content. Yes it's true AI systems have gotten better and will continue to get better, but it's also not what most people care. My mom watches AI generated drama everyday. My dad too has no problem with AI short form content.
It sucks but that's the state of the world right now.
Edit: thanks to the guy who posted the link to the study below. In that study it's written that a similar test was performed in 2024 and they had similar results. Somehow only proving my point.
I'm doing my part by already writing shitty code.
It's far better than the alternatives
Trust me, you're yet to see the crazy outside America
Firstly, I was talking on their behalf.
Secondly even lemmy.world is kinda left leaning
Ig it should go, "Fear not the man that lost 1000 wars, especially the man that lost same war 1000 times "
What's even left on lemmy if you block everything left leaning? Might as well not come to this place
Nvm figured out. For some reason boost wasn't showing the imgur clip. I switched to Voyager and I can see the link.
I can't see the video for some reason....
You're underestimating how short term people's memories are.
I mean, isn't a company's valuation decided by the company themselves? Rest, when market forces are controlled by private hedge funds, asset management companies, and retirement funds, I feel normal Market rationality cannot be assumed. Market ownership right now is highly concentrated in these entities, and they have all the incentives to keep these valuation up for the reasons you stated.
It's interesting that the more you learn about the market the more it looks like a ponzi scheme😂
His net worth is inflated even by American standards where net worth is already insanely inflated.
A lot of times, company evaluation is calculated by being roughly 10x it's yearly revenue. Alphabet, meta, all fit this. Space X is literally valued close to 100x
In my opinion, the control of mass media is a problem that comes after you elect a dictator. Like we're talking orban and netanyahu here. Trump did not have Media control until 2016. While arguably he did have some in 2024, his media control wasn't this strong at any point in history.
Media control is the reason why getting rid of dictators is extremely hard. What I am talking about is what even gets them into the office in the first place
The affinity towards dictators could be partially explained by this
https://youtu.be/rE3j_RHkqJc
And because of FPTPs ability to drown voices that are not popular, these dictatorial leaders tend to rise at the top, and only option becomes the other party. The equilibrium of FPTP is a two party system, exactly like the one we see in America.
Unfortunately Trump is a product of this exact machinery.
It's something expected to happen in first past the post electoral systems. It's by design things like these happen
I mean, he did say he sold out to private equity cause he wanted to retire basically. His channel is basically now his retirement investment
Honestly it's laughable when westerners say " trump is doing X to distract from the Epstien files" no dude, he does it cause he's insane. He doesn't care about the Epstien files. He knows he's above the law while he's serving as the president