The rise of ChatGPT and other popular AI technologies is driving a wave of change across nearly every industry. The push for widespread automation and replacing human labor with energy-intensive, costly technologies is now a survival game for businesses. Automating tasks that once took months and replacing jobs to stay competitive reflect the harsh realities … More AI And The Race To End Capitalism
They try to explain business cycles solely as problems of information, such as asymmetries and imperfections in the information agents have. Those assumptions are just as arbitrary as the institutional rigidities and inertia they find objectionable in other theories of business fluctuations … I try to point out how incapable the new equilibrium business cycles … More Why Real Business Cycle models can’t be taken seriously
Social media analysis reveals a growing trend towards a sense of shared responsibility. This should be a major concern for companies, because what happens when this paradigm makes the leap from humanitarian aid to consumer choice, is that socially responsible practices will become a requirement to stay in business and not an option. Smart brands will be wise to note this change in consumer attitudes, where new information is quickly translating into action. … More Consumer Choice and Growing Shared Responsibility
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