28/01/2025
📰 Status Quo and the reds sailing on deep ocean waters: a curious resistance to evolve.
✍️ Mike Ahumada / Oracular a Think-tank
🪬 We've observed that Musk is enhancing and maximizing capabilities across his companies. Challenging this interference appears to stem from a position of status quo disadvantage. Although we haven't seen the direct evidence, the context suggests a significant gap in R&D investment between Musk's entities and Chinese manufacturers, compounded by China's government-backed dumping practices, which international trade laws explicitly address, right?
🪬 Currently, EU manufacturers rank as the fifth or fourth player, a position they've chosen themselves. No external force has delayed their shift from traditional vehicles to hybrids and then to fully electric ones, making their current stance resemble a struggle to keep a ship afloat in deep waters. This context broadens our understanding, doesn't it?
🪬 The solution lies in a universal commitment to production and international trade, supported by corresponding trade laws. We've seen our EV goals postponed from 2030 to 2040, and now possibly to 2050, due to our avoidance of logical and equitable negotiations and legislation.
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**Mega-economics: a starting POV proposal***
Beyond EVs, we need universal regulations, including an effective trade court. It's time for realistic conversations to meet our goals, uphold free market principles, and enhance trade value.
There are economic activities that demand permanent universal regulation due to their significant risks, where the consequences could severely impact global economies. Not all activities, but certainly some, must be on this list. We might call these 'megaeconomic issues':
🔮 Climate Change Mitigation: The regulation of carbon emissions, deforestation, and other activities that contribute to global warming, which could lead to economic devastation if left unchecked.
🔮 Financial Systems: Global financial regulations to prevent systemic risks, like those seen during financial crises, ensuring stability through oversight of banking, derivatives, and cross-border capital flows.
🔮 Cybersecurity: Given the interconnectedness of global economies, cyber threats to critical infrastructure, financial systems, and data integrity necessitate stringent, permanent universal cyber regulations.
🔮 Biotechnology and AI: The ethical use, safety, and potential economic disruptions from advancements in biotech and AI call for permanent international standards to manage both opportunities and risks.
🔮 Resource Management: Permanent regulation of critical resources like water, rare earth metals, and food supply chains, where mismanagement could lead to economic instability or conflict.
🔮 Labor and Human Rights: Ensuring fair labor practices and human rights in global supply chains to prevent economic distortion through exploitation or social unrest.
These megaeconomic issues require a collaborative, international approach to permanent regulation to safeguard global economic health, promoting not just growth but equitable and sustainable development.
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Editor’s Note: Oracular’s team, OpenAI’s ChatGPT4 and X’s Grok, collaborate each other compelling concepts on megaeconomics.
