I really get the feeling that the economy is being artificially propped up at the moment and the key event I suspect they're being propped up for is the midterm elections. Post election, I feel like the cracks will start to show and we'll start to get a correction which will lead to a crash, similar in size to 2008.
That's just my feeling and it isn't necessarily backed on too much but significant amounts of resources have been poured into "AI" and I really don't feel the payoffs are going to pan out. Once that becomes the mainstream view, everything built around it crumbles.
Ok, I have a different answer. Let's say AI is a big change. It rarely goes in the direction the people in charge want. They want a closed group they control and Lord over everyone else.
Imagine 100 years ago. The Model T is just coming out and it's starting to sell well. Movies are starting to make it big. What does everyone base things on? That's right, what they're accustomed to. So, cars are for upper class and maybe upper middle class people. Movies are a spectacle and that's it. The masses don't need it. There is industry entirely aimed at the markets for this. People were paid to dig up the crap off the street.
If you told an industrialist from that era what society looked like, would he understand? If you understood that the change is happening, how would you help move it? How would you help those that need help? As a boy scout I was paid to dig crap out of barns and streets. It did not pay well since so little was needed.
Everything is aimed at industries that won't matter, or won't be used the way everyone thinks. Money is being used to prop up businesses and industries being hit, but no one knows what to do beyond that.
The guy who came up with the term Disruption said that Silicon Valley and tech central cities would become the next Detroit. Seattle has a lot of rich industrialists who want centralized power, but no real idea where anything is pointing. Meanwhile the area itself grows poorer and more insane.
Get this, Detroit still has steel mills. In fact they make more steel than they had before. The technology itself needs way less people. The city was designed for the jobs to be permanent.
Are we seeing Billions and even trillions going into a direction that may or may not be the future? Let me correct myself. Let's say AI really is the future. Is the money being spent right now for it to happen where AI will actually end up? We saw people aim VR in the worst direction. It's not that it is bad, it's that the very same people promoting AI right now did not understand what they were aiming for. They built a city for jobs that didn't exist.
The best answer is to figure out how AI and automation will actually be used. Elon Musk tends to be a big industrialist. I think the space data centers are just his excuse to get us into space. His aim is space, AI and all that are just a means to get there. I've had a lot of people tell me to do things in a specific way because it's just what they did beforehand with AI. Sort of like how the early movies were just Broadway plays with cameras. The early cars were just the wagon without a horse and then placed an engine. Model T didn't have foot pedals the way you know them. The original pinball table looks sort of like a boardgame. It was placed in an industry the way most would expect to work, but isn't what it will end up being.
Theme Parks are very expensive and teaching their limits. Conventions are cheaper and change faster. Pop up Experinces can be anywhere and don't need the cost and insanity of the convention. Make a YouTube show and other stuff and you have the modern entertainment. Does anyone who designs theme parks know this? Yeah, I know a few. None of them want it to hurry up because they're out of a job and their skill set is not as needed.
So, I think the money is aimed at people trying to get power or keep an industry going. No one in power knows where it is going, and those that so will try to stop it if they can. All this money is for keeping jobs and power.