Wow. Real industry info. I was just going for the pun! Thanks for sharing.

As a business investment, what is the long-term outlook for the bouncy house industry? I assume it has its ups and downs.

Something you should keep in mind is that being a monopoly is not illegal, and it never has been. If you make a great widget and, through honest competition, corner that widget market, that’s perfectly legal.

What ISN’T legal is using your market power to engage in anti-competitive behavior. It’s not illegal for Apple to dominate the phone market. It is likely illegal for Apple to use its dominance of the phone market to prohibit competing app stores from being installed on their phones. That is Apple operating in two distinct businesses - a phone manufacturer and a software retailer. Apple is using its market dominance as a phone manufacturer to gain an unfair advantage as a software retailer.

This is a pretty damning violation of federal antitrust law.

Meanwhile in Russia, Putin has ordered the parliament dissolved…in acid.

Gender reassignment surgery.

Bezos also has a rocket company. Plus there’s Richard Branson. And others.. And then you have private jet travel, massive mega yachts, and countless other extravagances. For a certain class of billionaire, having a private rocket company is a vanity project. These rocket companies are vanity projects by rich sci fi nerds. Yes, they’ve done some really good technical work, but they’re only possible because their founders were willing to sink billions into them even without any proof they’ll make a profit.

What you are missing is that as people’s wealth increases, their resource use just keeps going up and up and up. To the point where when people are wealthy enough, they’re using orders of magnitude more energy and resources than the average citizen of even developed countries. Billionaires have enough wealth that they can fly rockets just because they think they’re cool, even if they have no real path to profitability.

And no, the hypothetical of the robot skyscrapers is not “meaningless.” You just have a poor imagination. To have that type of world we only need one thing - a robot that can build a copy of itself from raw materials, or a series of robots that can collectively reproduce themselves from raw materials gathered in the environment. Once you have self-replicating robots, it becomes very easy to scale up to that kind of consumption on a broad scale. If you have self-replicating robots, the only real limit to the total number you can have on the planet is the total amount of sunlight available to power all of them.

The real point isn’t the specific examples I gave. The point, which you are missing entirely, is that total resource use is a function of wealth and technological capability. Raw population has very little impact on it. If our automation gets a lot better, or something else makes us much wealthier, we would see vast increases in total resource use even if our population was cut in half.

The problem is too many people. If standard of living is to increase then the resource requirement is due to massive unsustainable population growth.

They’re both important. And crucially, people in developed countries use a lot more resources than those in undeveloped countries. Just look at the resource utilization of our richest people. We have billionaires operating private rocket companies! If somehow, say due to really really good automation, orbital rockets could be made cheap enough for the average person to afford, we would have average middle class people regularly launching rockets into space and taking private trips to the Moon. Just staggering levels of resource use. If we could build and maintain homes very cheaply due to advanced robotics, the average person would live in a private skyscraper if they could afford it. Imagine the average suburban lot, except with a tower built on it 100 stories tall. If it was cheap enough to build and maintain that sort of thing, that absolutely would become the norm.

They’ve already tried to send all the jobs they can to India or South America. It ultimately didn’t work. They can send some, but the language and cultural barriers, plus the difficulty of assessing quality candidates just doesn’t make it viable at scale. They’ve already tried that game and it failed. Everything that can be outsourced to India already has been outsourced to India.