> The hyperscalers have already outspent the most famous US megaprojects

[screwlisp@gamerplus.org]

@cwebber
What if you norm this graph by the net worth of the world's richest person at the time.
@akamran

[tabaer@iosdev.space]

@cwebber

Much of this will turn out to be wasted

[bart@floss.social]

@pjakobs @cwebber Yes.

[pjakobs@mastodon.green]

@bart @cwebber ah yes, could just have looked at the bottom right corner. Lazy me.

[bart@floss.social]

@pjakobs @cwebber Or top right.

[neilk@xoxo.zone]

@pjakobs @cwebber Inflation-adjusted. However, others point out that a percentage of GDP is a fairer comparison, see my reply.

[ghostonthehalfshell@masto.ai]

@cwebber

Reality only about 5% of 10% of all the data centers announced are actually being built. They don’t have the customers and they don’t have the energy to run the chips. If they do run, they last about 18 months.

That’s 18 months to make a return on investment.

[wronglang@bayes.club]

@cwebber yeah that should've gone into railroads, railroads and healthcare

[cassandravert@indieweb.social]

Future projections will be influenced by whether they can escape liability for the damage they cause.

[wilbr@glitch.social]

@faoluin @cwebber we won't need "taxes" when the water wars start, just copies of Paolo Bacigalupi's book "Water Knife", a weapon, and the holy guiding hand of Jesus himself

[gladtherescake@todon.nl]

@neilk @cwebber But GDP rises because of any investment, if you have a huge investment that leverages a huge part of your economy and then compare it to GDP it's going to mostly cancel out because you're putting two correlated variables at both ends of the equation. So I don't think that's a reasonable thing to do at all.

[buermann@mastodon.social]

@Spirit @cwebber

We can recycle the silicon and steel into the solar panels and wind mills we couldn't afford to build instead.

[buermann@mastodon.social]

@cwebber

What index did they use for the inflation adjustment?

[catmisgivings@stranger.social]

@cwebber now I'm looking at us railroads through the lens of a bubble investment and wondering if after all the loss of life and resettlement we could even call them a success from our standpoint in 2026

[mayintoronto@beige.party]

@cwebber What are we even doing here?

[buermann@mastodon.social]

@cwebber

Weird to adjust historic spending on infrastructure projects by a consumer price index. This is better.

https://x.com/finmoorhouse/status/2044985359281381690/photo/1

[shaknais@mastodon.social]

@buermann

Percentage of GDP, for privately led projects doesn't seem a good index for me.

[criticalangle@mastodon.social]

@cwebber bubble

[buermann@mastodon.social]

@shaknais

It's a better proxy for productive capacity than a price index based on wildly different baskets of consumer goods over the centuries.

And since when were apollo or the Manhattan project or the international space station or the interstate highway system private programs?

[shaknais@mastodon.social]

@buermann

That's my point. None of those programs are private. However, the data centers _are_. It is unusual when the spending of private corporations outstrips that of their own government, on infrastructure.

Which is why GDP seems a bad fit, here. Because it uses the investments by private corps as part of its calculation, but doesn't fully cover government spending in the same period.