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As the US transitions into a high corruption / low trust environment, business investment disappears.

Trump tried to solicit bribes from anthropic, retaliated by violating the DoW contracts when they didn’t pay, and then somehow forced Dario to publicly apologize for bringing the matter to light. Do you really think this is how the US will win at AI?

Look at the car industry, where the corruption and coercion started earlier. For some reason, Trump used ICE to illegally detain a bunch of Kia engineers. They announced they’re not going to add more trimlines to their EV lines in the US.

Honda announced they’re canceling planes to build three new model lines in Ohio.

The macro statistics are dire. Pre-Biden, US factory investment was $80B per year. Trump wiped $30B off that number in 2025. Biden got it up to $240B, so Trump “only” wiped out 10-15%, but, because he was starting from a high number, the damage is equivalent to 35% of all factory investment that existed when he last left office!

The rate at which industrial production is fleeing the US is increasing. This year, the loss will probably be greater than the entire 2018 US factory investment base.

There are similar trends happening in tech and academia. There’s not much left once that happens. (Insurance, banking and marketing, mostly.)