The commitment matters. When a company announces it will return 50% of its free cash flow to investors, the financial press calls it a capital return policy. It is also something else: a formalized extraction mechanism. A named, committed pipeline from public money to private wealth. NVIDIA made that commitment recently. Understanding who benefits requires … Read more
The $93 billion September is not the story. It is the evidence.
The question is not whether AI affects human work. It is who gets access to it as a partner, and who gets displaced by it as a cost-reduction line item. Those are not technological outcomes. They are policy choices.
No public hearing. No community vote. No township approval. Private universities can sell real estate to whoever they want, whenever they want, for whatever price they negotiate.
The community’s only leverage comes afterward: zoning.
