Shashank Nayak 🏗
@ShazCoder
Software Engineer. Interested in Economic History, Finance and Programming.
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Economic growth and development becomes much more cooler and awe inspiring when you think of it less as "line goes up" and more as "increasing productive power of the species".
Someone who has spent years putting out irresponsible and misleading work? Tell me more, John Oliver.
JP Morgan pledging over $1.5T primarily in loans for industrial policy was unexpected. - $500B is net new, which is still strong - Notice AI itself is not on their list, but the end products like robots and drones heavily leverage autonomous systems and intelligence
Batteries are the new solar. This is just the beginning. They're going to see explosive growth over the next decade. Maybe a quintupling of scale over the next 10 years.
Battery energy storage system era is here. Countries across the globe are scaling up storage the next few years (and for years to come). Over 250 gigascale projects could come online within two years. Battery capacity as % of peak loads rising across key markets.
To not even be Jewish and get constantly called a Jew is a radicalizing experience against both anti-semites and stupid people. Their only argument is to call people Jews, it’s the only thing they think they need to know. And they can’t even get that right.
I'd say 33% productivity gains from AI is about accurate for writers/journalists, and is also what I hear from programmers (10-20%). (Normie programmers, not the e/acc hype crowd on X).
The Southernization of US culture is one of the most underrated developments of the last 80 years.
Grown men who were born in Chicago and work office jobs are wearing cowboy boots And listening to Zachary Bryan Complete cultural victory
What the budding turnaround looks like is that China has since early 2024 covered its energy demand growth almost fully from clean energy - for the first time without a sharp slowdown in demand growth. A great achievement given rapid growth and vast scale of China's energy use.
But such a turnaround - coming close to peaking or plateauing emissions from fossil fuel use - obviously does not mean that China would have achieved a significant reduction in emissions or a clean energy system. Peaking is just the very first step in getting there.
The reason why China's clean energy boom matters so much is the exact opposite -- because China's fossil fuel use grew so fast, and the energy system is so fossil-fuel dominated.
In contrast, China does NOT lead the world in how fast it's adding clean energy in relation to the size of its energy market, and most definitely does not lead the world in how clean its energy or power mix is.
3) if you're interested in industrial policy and economic and technological competition, the size of the home market matters. If e.g. the EU lets the home market for wind, EVs and other key technologies to continue to wither, our cleantech industry is done for.
2) people used to think, and astonishingly sometimes still do, that clean energy can't deliver at the massive scale needed to power advanced economies. The fact that China adds enough clean power to run most other countries, in a single year, blows this out of the water.
China deploys by far the most solar, wind, EVs, nuclear, battery storage, heat pumps and many other clean tech - in absolute terms. This is relevant because: 1) globally, we just need clean energy to grow (much) faster than total energy demand, so it's a game of gigawatts.
Since tweets like this continue to travel and I get similar responses every time I post something positive about China, it's maybe good to point out where China's progress on clean energy is and isn't world-leading and/or game-changing. 🧵
Location: Los Angeles
Recently, I spoke about the growing influence of Westernization in Kashmir and today, it’s visible more than ever. An educational event brought outsiders, and seeing Kashmiri girls openly hugging non-mahrams is deeply disheartening. Astaghfirullah we’re losing our values !
A great prize! Ironically, growth often feels absent in the discourses about “growth models.” Hopefully this motivates more scholarship, particularly at the nexus of labor, industrial policy, and macro research.
BREAKING NEWS The Royal Swedish Academy of Sciences has decided to award the 2025 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Joel Mokyr, Philippe Aghion and Peter Howitt “for having explained innovation-driven economic growth” with one half to Mokyr…
🫓 Venezuela will close the embassies in NORWAY and Australia. That's Maduro's first official reaction to the Norwegian Nobel Committee handing the Nobel Prize to María Corina Machado. Statement from the Foreign Ministry: new embassies set to open in Zimbabwe and Burkina Faso.
It is a fringe phenom, but there are recurrent attempts to find a "secular" basis for west Pakistan (east Pakistan is in the "good riddance" category).. Aitazaz ahsan started it with "the Indus saga" and some attempts continue, but they won't get anywhere
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