Comments URL: https://news.ycombinator.com/item?id=47761215

Points: 9

# Comments: 0

Comments URL: https://news.ycombinator.com/item?id=47617813

Points: 1

# Comments: 1

Comments URL: https://news.ycombinator.com/item?id=47558131

Points: 2

# Comments: 0

The barriers to entry for entertainers have never been so low.

YouTube destroyed Hollywood's monopolization of entertainment. Anyone with a smartphone now has a shot at becoming a full-time creator. Prior to this, it was gate kept by Hollywood execs.

Smartphones destroyed Microsoft's monopolization of apps.

Not a leap to believe this will happen to some extent with AI (and it's already happening to some degree).

Comments URL: https://news.ycombinator.com/item?id=47511466

Points: 3

# Comments: 0

In the US, our problems stem from a lack of "capitalism," or healthy markets, or whatever anyone wants to label it. Bottom line, it's very much a supply side problem.

In housing, for example, NIMBY laws have for decades restricted all kinds of new housing being built. In capitalism, developers would be allowed to build. So we've very much had the opposite of capitalism.

Cities that are waking up to this and allowing new houses to be built are seeing rents fall across the board.

Rent and healthcare are the 1A and 1B issues of our time.

As far as healthcare goes, the entire system is a mess. We already tried the Affordable Care Act to get more people covered, which only skyrocketed costs. The only way out is to increase the competition in the market, AKA supply side. Bernie Sanders is only familiar with demand-side solutions, which do not work. Sanders himself seems completely oblivious to the housing crisis in his own state of Vermont, which is being mitigated everywhere else through supply-side solutions.

NIMBYism prevents new houses from being built, driving up the cost of housing.

Healthcare is for-profit, yet not allowed to operate like a true competitive market, with heavy regulations restricting providers to a few that the government favors. Thus it's essentially an oligopoly, driving costs sky high.

For everyone else, this is good news.

From the article:

"Huang was validating what the rest of the market has been witnessing. An independent developer, rather than a giant, richly valued lab like OpenAI or Anthropic, came up with the next big thing in AI and, in doing so, exposed a potential major flaw in the investment thesis behind the large language models: They may be getting commoditized."

Comments URL: https://news.ycombinator.com/item?id=47471649

Points: 3

# Comments: 2

Comments URL: https://news.ycombinator.com/item?id=47444551

Points: 18

# Comments: 1

Comments URL: https://news.ycombinator.com/item?id=47433058

Points: 815

# Comments: 999

Upper-middle class is people making ~$200k/year.

A lot of people have moved from middle class to upper middle class over the last decade. Both those categories are outside the 1%.

Lots of middle class people have graduated into upper-middle class: https://www.aei.org/research-products/report/the-middle-clas...

Wealth inequality is still a problem. But it's not just the people at the very top benefitting.

1) The salaries of corporate employees 2) Shareholders and capital owners

Regarding number 2: "Shareholders" would include anyone who owns any stock at all, including a lot of middle class people with a simple S&P 500 ETF in their portfolio.

And the increase in productivity allowed more people to become capital owners, AKA entrepreneurs. The explosion in software entrepreneurs, for example.