In almost all scenarios, a setup with this incentive structure will lead to massive adoption. It's too tempting, and with most jobs / political positions being short term (<5yrs) ones, people optimize for their time in that timeframe, not longer.
Boards will pursue stock buybacks (short term growth, long term may cause trouble if there's a downturn), banks will lend out subprime mortgages (hit your sales numbers in the short term, at the cost of long term risk), etc etc.
This situation is no different. There's money flowing in and there's less red tape since everyone is being pressured to allow it. It might work out in the long term, it might not, but it will 100% benefit those who push it in the short term. People will get promoted for driving a new data center, politicians can promote more jobs being added, everybody wins... for now.
The future economic aspect becomes irrelevant when the short term candy is sweet enough.
It's a long-term gamble but a short-term win.
In almost all scenarios, a setup with this incentive structure will lead to massive adoption. It's too tempting, and with most jobs / political positions being short term (<5yrs) ones, people optimize for their time in that timeframe, not longer.
Boards will pursue stock buybacks (short term growth, long term may cause trouble if there's a downturn), banks will lend out subprime mortgages (hit your sales numbers in the short term, at the cost of long term risk), etc etc.
This situation is no different. There's money flowing in and there's less red tape since everyone is being pressured to allow it. It might work out in the long term, it might not, but it will 100% benefit those who push it in the short term. People will get promoted for driving a new data center, politicians can promote more jobs being added, everybody wins... for now.
The future economic aspect becomes irrelevant when the short term candy is sweet enough.
https://archive.is/5CY26
Sure seems like a combination of TINA and massive amounts of hope.