Higher prices for witches’ outfits may not cause a riot in the aisles of your local supermarket, but they do contain a lesson. Tariffs (a tax on goods) raise money for the U.S. government (bills fall due in seven to 10 days, Smeaton told me). They also push up inflation across all goods affected, from Superman outfits to fridge-freezers. Cost-of-living effects have a direct read-through to the polls.
Backpressure — the ability for a slow consumer to signal a fast producer to slow down — is a first-class concept in Web streams. In theory. In practice, the model has some serious flaws.
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Consider the energy crunch: Global data-center power demand will more than double by 2030, per the International Energy Agency, forcing upgrades to grids, water systems, and connectivity. China’s state grids are embarking on a 5 trillion yuan ($722 billion) expansion explicitly for AI and data centers that is equivalent to 4% of GDP, according to Moody’s. The Qatar Investment Authority has announced a project worth $20 billion (9% of the nation’s GDP), to develop AI data centers and computing infrastructure. And in Korea, despite AI-related spending only accounting for 0.4% of GDP, the country’s recently established sovereign wealth fund is almost exclusively targeted at high-tech industries including AI and chips, while planning to deploy a war chest worth 5.7% of GDP over the next five years.
Try it out with the playground below.