a study argues that 60% of income inequality rise in recent years can be explained with smart professionals being rewarded in stocks rather than cash, so productivity gains of fast growing companies would accrue to this new kind of “human capitalists” and taken away from the high-skilled labor share, which indeed has been decresing over time
https://marginalrevolution.com/marginalrevolution/2019/07/human-capitalists.html
paper here https://drive.google.com/file/d/18S8Ttan33xbH2UYKY_N1EcNAYyAsm1W0/view hope it stays
related the lead-crime hypothesis https://en.wikipedia.org/wiki/Lead%E2%80%93crime_hypothesis
where it appears the PCC has a 1% wealth problem as much as the USA, i.e. if you join the party do not expect to do btter than your non-party peers unless you soar to the very very top
China will lose a lot of workers under any scenrio, will chinese production emigrate to africa ?
1 some AI has percolated into AWS; Azure and other cloud services
2 some AI is done quietly under the hood in great many tech companies
3 in some companies AI has enabled uniue features, but the company does not go around selling “my AI will change your business” but rather “I alone have a cool feature you can’t do without
4 AI is applied to non-tech real world problems where data are in silos away from google and china
of course there is a stack of cloud, algos, devices that allow to unbundle old world problems.
Ai is a tech that is defining its S-curve much like databases, ML is the new SQL “\over the past few decades we moved through databases, ‘productivity’, client-server, open-source, SaaS and Cloud. In parallel with new client platforms, we had new waves of architecture or development model, and that’s really a better way to look at machine learning – ML is the new SQL (and maybe crypto is in part the new open source)”
https://www.ben-evans.com/benedictevans/2019/10/4/machine-learning-deployment
Hydrogen elctrolysis can be economic efficient in a scenario of abundant renewables generation and carbon tax. Froma tweetstorm, full of useful charts https://threadreaderapp.com/thread/1176451011600441344.html
Blue Hydrogen is the cheapest option to decarbonise heavy industries. Green hydrogen more stringent on electricity cost and/or hydrolysis learning curve https://energypolicy.columbia.edu/research/report/low-carbon-heat-solutions-heavy-industry-sources-options-and-costs-today
Report IEA “The future of Hydrogen” https://www.snam.it/it/hydrogen_challenge/report_iea/
Report SNAM-McKinsey “THE HYDROGEN CHALLENGE: The potential of hydrogen in Italy” https://www.snam.it/it/hydrogen_challenge/studio_mckinsey/”
Eurelectric Decarbonisation Pathways https://www.eurelectric.org/decarbonisation-pathways/
Branko Milanovic reads a russian book on banquets hosted by Stalin over the years and the disappearance over time of the politburo guests, metaphoric political cannibalism http://glineq.blogspot.com/2019/09/dining-with-stalin.html.
It also quotes a book on Nazi banquets High Society in the Third Reich by Fabrice d’Almeida
and Molotov’s memories Molotov Remembers: Inside Kremlin Politics
(unrelated but alliterated, Thiel has weird banquets with smart people and only entertains one fool, Trump https://www.vanityfair.com/news/2019/10/peter-thiel-dinners-are-the-hottest-ticket-in-la-whats-his-endgame )
AVC: give software valuations only to software company becuase onlòy those can sustain >75% gross margins. Software is eating the world but still software companies have higher margins than non SW. The Great Public Market Reckoning
Stratechery follows Christensen in saying that a technology company is one that can offer something intrinsically more valuable thanks to disruption – What is a tech company?
Bill Gurley replies to AVC with his 2011 mammoth post on startups valuation titled All Revenue is Not Created Equal: The Keys to the 10X Revenue Club
Mauboissin Competitive Advantage Period or CAP that explains valuation in firms with lasting competitive advantage Competitive Advantage Period “CAP,” The Neglected Value Driver
in the news, IPO’s of pure tech (SaaS etc) outperform transactional platforms and hardware first https://twitter.com/DKThomp/status/1183898414695755776
where solar and wind are cheapest generation, paywall https://www.bloomberg.com/graphics/2019-can-renewable-energy-power-the-world/
Hydrogen elctrolysis can be economic efficient in a scenario of abundant renewables generation and carbon tax. Froma tweetstorm, full of useful charts https://threadreaderapp.com/thread/1176451011600441344.html
cheap cruise missiles with autonomous GPS guide are a new threat, do they change the strategic balance? More
Economst wrote about cheaper missile, rocket galore in 2012
not really related, sort of catch all post, 2008 RAND war games featuring Cina and US carriers
Click to access 2008_RAND_Pacific_View_Air_Combat_Briefing.pdf
How good i stealth? https://nationalinterest.org/blog/buzz/how-good-stealth-f-22-and-f-35-anyway-82791?page=0%2C1
F-35 tracked bu german radar vendor at air show ? https://www.c4isrnet.com/intel-geoint/sensors/2019/09/30/stealthy-no-more-a-german-radar-vendor-says-it-tracked-the-f-35-jet-in-2018-from-a-pony-farm/
1500-Pound Goat 