Japan’s mighty carmakers are in serious trouble
If you look at Honda’s new car, prelude. You should be able to know why they are not doing well.
Every company is now a media company, and every boss a star
Fighting for people’s attention and time.
Critical Atlantic current significantly more likely to collapse than thought
Same author published a similar article last August: Collapse of critical Atlantic current AMOC no longer low likelihood study warns
New research is showing the situation gets worse.
Tim makes Apple better.
Rich households, in other words, do not just buy more stuff. They shift their spending toward goods and services where the human element, the experience, or the social meaning matters more.
It reminds of this article: The Ultrarich Are Spending a Fortune to Live in Extreme Privacy
You need to be the person whose involvement makes the product feel like it was made for someone, by someone. The economics of structural change tells us that when technology makes one type of production cheap, the economy doesn’t collapse. It transforms. It shifts toward the things that technology can’t make cheap. For AI, those things are exactly the ones where human involvement carries inherent, irreplaceable value.
Mimetic desire pushes against this scenario because this aspect of demand is not quickly satiated. As highlighted above, the fact that the preference for status and exclusivity is comparative means that people will keep reallocating spending toward goods that satisfy it as incomes rise