Oracle laid off ~13% of its staff to fund a $300B computing deal with OpenAI. Now, a credit downgrade and $7B in required power grid guarantees put the massive project in jeopardy.
I mean that’s one of the big draws of capitalism right? Much of the state’s power is derived from its elite oligarchy and their industrial contributions, in exchange for basically having a blind eye turned to anything they want.
When you allow structure of such importance to exist as a business, you balance your house on toothpicks.
Therefore, you can allow them to snap and tumble your whole home down a cliff; or you can treat them as part of the state (but, only when they need it. To keep up appearances.)
I mean that’s one of the big draws of capitalism right? Much of the state’s power is derived from its elite oligarchy and their industrial contributions, in exchange for basically having a blind eye turned to anything they want.
When you allow structure of such importance to exist as a business, you balance your house on toothpicks.
Therefore, you can allow them to snap and tumble your whole home down a cliff; or you can treat them as part of the state (but, only when they need it. To keep up appearances.)