The government’s primary interest in AI isn’t economic, despite all the hype, it’s that AI is a godsend for the surveillance state. From Moon of Alabama at moonofalabama.org:
In December 2024 President Donald Trump named venture capitalist David O. Sacks as the “White House A.I. & Crypto Czar.”
Sacks is set to guide the administration’s policies for artificial intelligence and cryptocurrency.
AI-researcher Gary Markus is wondering how two recent tweets by Gary Sacks relate to each other:
One theory of capitalism holds that every company should be left to their own devices, with state intervention kept a minimum. This view was well articulated just a few weeks ago, by White House AI and Crypto Czar and well-known podcaster, David O. Sacks:
David Sacks @DavidSacks – 16:52 UTC · Nov 6, 2025
There will be no federal bailout for AI. The U.S. has at least 5 major frontier model companies. If one fails, others will take its place.
The other theory of capitalism, if we can indeed call it that, holds that we should bailout important companies or industries that might overextend themselves. Quite the opposite from the above.
This latter theory, almost a form of safety-net socialism for overextended companies, seemed to be implied today, in a tweet that seemed to be laying the groundwork for bailout, by none other than … White House AI and Crypto Czar and well-known podcaster, David O. Sacks:
David Sacks @DavidSacks – 17:34 UTC · Nov 24, 2025
According to today’s WSJ, AI-related investment accounts for half of GDP growth. A reversal would risk recession. We can’t afford to go backwards.
And a swinging contest with CCP/PRC.
What product does AI make is all you have to ask.
The wipeout will make dotcom look like a Sunday afternoon in the park?