Courtest my alma mater Morgan Stanley, we have this graphic that perfectly depicts what the AI-Ponzi scheme looks like and just how incestuous it truly is:
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Jan Wiklund
It looks fairly much as the Swedish socalled “finance groups” have looked since at least the 1930s. All have a part in all, all finance eachother and all profit from eachother.
Financially, they have prospered well, as a rule – but the flip side is that they don’t get many new ideas since they all have to accommodate eachother and not upset anybody.
At least the highly respected economic historian Jan Glete, https://en.wikipedia.org/wiki/Jan_Glete, said so (Nätverk i näringslivet; “Networks in business”, 1994).
As a result, there is no big industrial enterprise in Sweden based in microelectronics – with the partial exception of Ericsson. But their entrance was forced by the state, and the Ericsson hierarchies did their best to thwart it. In fact, they treated the state financed developers as shit, said editor-in-chief Bertil Torekull at the big Stockholm morning paper Svenska Dagbladet in the 1990s – and was fired for saying so, because the business community owned Svenska Dagbladet and didn’t allow criticism.
The developers weren’t even invited to the inauguration of the AXE switchboard, Ericssons biggest success during the 90s and 00s – a true consequence of this inbreeding.