In the 1980s, economist Robert Solow made an observation that reminded economists of today’s AI boom: “You can see the computer age everywhere but in the productivity statistics.”
I think your conclusion is too generous. Obviously many things can happen in the future as technology evolves, but we need to consider what people have promised us and what they delivered. That’s the definition of integrity. Many of these CEOs and of course this magazine lack integrity.
And I think you can be even more blunt. You can call out the companies that are riding the bubble as long as they can in hopes that they won’t be replaceable when the bubble bursts. If they can embed themselves with national governments or as pieces of other mega corporations, then they will survive even if they shouldn’t.
And some companies are run by people who have gotten rich already yet know that their companies will never be able to deliver on the promises that they’ve made. Because the point was for the individuals to get rich, not to sell something economically viable.
I think your conclusion is too generous. Obviously many things can happen in the future as technology evolves, but we need to consider what people have promised us and what they delivered. That’s the definition of integrity. Many of these CEOs and of course this magazine lack integrity.
And I think you can be even more blunt. You can call out the companies that are riding the bubble as long as they can in hopes that they won’t be replaceable when the bubble bursts. If they can embed themselves with national governments or as pieces of other mega corporations, then they will survive even if they shouldn’t.
And some companies are run by people who have gotten rich already yet know that their companies will never be able to deliver on the promises that they’ve made. Because the point was for the individuals to get rich, not to sell something economically viable.