We dig into a grand theory that Ed is building through a series of essays on the AI industry and the Silicon Valley Consensus, or how “a bunch of independent profit-seeking actors have converged on sustaining a certain technology through a frenzy of overbuilding, overvaluing, and overinvesting in order to realize excessive gains that can be translated into political power aimed at restructuring society.” ••• The Silicon Valley Consensus & AI Capex (Part 1) https://thetechbubble.substack.com/p/the-silicon-valley-consensus-and Standing Plugs: ••• Order Jathan’s new book: https://www.ucpress.edu/book/9780520398078/the-mechanic-and-the-luddite ••• Subscribe to Ed’s substack: https://substack.com/@thetechbubble ••• Subscribe to TMK on patreon for premium episodes: https://www.patreon.com/thismachinekills Hosted by Jathan Sadowski (bsky.app/profile/jathansadowski.com) and Edward Ongweso Jr. (www.x.com/bigblackjacobin). Production / Music by Jereme Brown (bsky.app/profile/jebr.bsky.social)