AI will NOT “take all the white collar jobs”; AI will take some jobs, and then systemic leverage will do the rest     -Title of the 2/17/26 edition of FFTT Blue Owl Capital, a leading investor in the data center boom, was unable to arrange financing for a $4 billion data center it is co-developing in Pennsylvania after pitching lenders to help bankroll the project in recent months.     -Business Insider, 2/20/26 U.S. artificial-intelligence startup Anthropic said three Chinese

If AI does to white-collar work what globalization did to blue-collar, we need to confront that directly. Not with abstractions about “the jobs of tomorrow,” but with a credible plan for broad participation in the gains.     -BlackRock CEO Larry Fink, 1/19/26 Anthropic’s new AI tool sends shudders through software stocks…Anthropic releases new model that’s adept at complex financial research     -Bloomberg headlines, 2/4/26 and 2/5/26 I think we’re in the “this seems overblown” phase of something

After the end of World War II, everyone assumed that Hamiltonian economic policy was the default among nations.  The negotiators at Bretton Woods and other economic conferences wrote new rules around it, and baked tariffs and trade measures into the post-war international economic order.  That makes sense, because all major nations used tariffs and industrial policy to support their economic development.   The question for the international trading system, to quote Friedrich List from back