Meta readies $25B bond sale as soaring AI costs trigger stock sell-off

Tens of billions spent on AI data centers. But people still starve across the planet. Amazing.

Capital misallocation do be like that, but I don't think that capital would be feeding children in the Congo if it wasn't for Facebook's latest folly.

The issue is mostly the corrupt elites that control these impoverished counties, not foreign aid or lack thereof.

The real issue is far more controversial than that. The issue is not even necessarily the corrupt elites but the culture. And specifically that any new elites that might displace the existing one would just do the same.

Think of Afghanistan as an example, where the US really did create a modern tolerant state ... for a while. Locals didn't want to keep it going, or at least, not enough. Because the idea that there aren't very wealthy Afghans is just wrong. There's entire neighborhoods in Kabul full of luxury villas with people going into fancy restaurants constantly. That's effectively what the Taliban are fighting for.

Maintaining a modern tolerant state is probably harder than it looks. Like in the UK we take it for granted but it's the end result of centuries of sometimes bloody trial and error fixes. People think it's silly we still have a king but look what happened to Russia, France, Germany etc after they got rid of theirs.

Afghanistan might have worked out if the US took a king like role sitting in a fort somewhere and saying ok, you're prime minister to some Afgan after each election. The king role may seem like nothing but if a UK prime minister says sod this I'm ruler for life then the king doesn't endorse them and the king is the head of the armed forces which makes it difficult to do such stuff.