but that contradicts the great justification for capitalism: efficient markets. Monopolies are the exact opposite of efficient markets.

I want to make a clarification here before we all get too far ahead with “16% of GDP”. There are many things wrong with the way giant tech companies dominate their respective fields. However the value of a company does not equal its’ share of the GDP. GDP is the OUTPUT of a country in 1 year. It does not equal the value of all the private enterprises combined which is what this comparison is trying to do. What we want to compare then, is to take NVIDIA’s output in ONE YEAR and see how much of the economy it dominates. US GDP is ~ 30 trillion in 2025. Nvidia’s output or revenue for current fiscal year is ~ $200 billion. That’s 0.6% of the GDP. That’s far cry from 16%, by about 27 times less.

What we should be concerned are the size of the market cap of these giant tech companies dominating the total value of the stock market, as well as the monopolistic margins these companies enjoy. All of these contribute to the imbalances in the world we see today - in the economies, in the society and social structure, and in politics. Communism once rose two centuries ago in protest against the concentration of power in the hands of a few. A solution is needed to remedy the imbalances of today.

Yes her extraordinary ability is to date tolerate and stay married to a known pervert and pedophile. I don’t know how many of these people have that.

He might be the stupidest American president ever. Banks will take anybody’s money if you give it to them. Even criminals’.

😱 How does this still happen in this day and age?

estimates by the independent Congressional Budget Office, which has estimated the project could take 20 years and cost $524 billion.

that’s how much.

It means the government’s borrowing costs will increase. It will increase mortgage rates, borrowing rates for individuals, for businesses, municipalities and states. It will increase the costs of everything.

This hurts everybody’s wallet.

American court system has become a monkey court.

No it’s down again.

It turned positive on some rumor of a pause in tariffs. Whitehouse denied it on CNBC and markets tanked again.

I know it’s disappointing. I guess European sales declines were off-set by increases in sales elsewhere.

Elon takes another L!

What a fucking idiot! And she is heading CIA?

Trump is just so fucking dumb. He is literally destroying the market for US products. In the past regardless of politics companies were independent of it, and foreign customers can rely on the companies to provide service with respect to rule of law, privacy, etc. The past US presidents refrained from fucking that up unless it involves transferring sensitive tech to unfavored nations. Now all the moves Trump does are endangering that.

The flipside is, once these Chinese products with Chinese OS invade the globe, every individual’s privacy is at risk, because we all know where China stands there.

Is this response by Grok real? How does it have awareness that its responses are being tweaked?

I am just gloating in delight from this news. They pissed him off once already by ignore his orders. Oh boy he’s going to make shit airtight this time.

Another republican pedophile, of course.

Apparently, it does, as an act of E.O. that whole line concerns me - that they’ll use the budget to buy bitcoin while laying off workers and cutting social security.

Lawsuit filing: https://storage.courtlistener.com/recap/gov.uscourts.dcd.278806/gov.uscourts.dcd.278806.1.0.pdf