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Net Zero & Statism Deliver Stagnation: How Interventionism Undermined Growth In The UK & Canada
Net Zero & Statism Deliver Stagnation: How Interventionism Undermined Growth In The UK & Canada
Authored by Daniel Lacalle,
Governments are terrible at picking winners and even worse at choosing losers. Net zero and interventionist “Keynesian” policies in Canada and the UK have proven that government intervention has created a worse outcome than anyone would have expected. The result is higher costs, distorted incentives, and weakened productivity growth, with increased dependency on fossil fuels to attend to peak demand, exactly what Austrian economists predicted.
What has been sold as a recipe for...
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AI "Circle Jerk" Returns: Anthropic To Spend $100 Billion On AWS In Amazon Deal
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Circular AI vendor financing is back and back in a big way...
As we noted last fall, when we walked readers through the stunning math behind what we called the AI "circle jerk," this latest iteration centers on Amazon and Anthropic, with the left-leaning AI company now committing to spend more than $100 billion over the next decade on AWS infrastructure.
In the announcement on Monday evening, Anthropic committed to spending more than $100 billion over the next...
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