The AI hype is creating some truly strange bedfellows.

Former competitors are now joining forces to meet the insane demand for computing power. Case in point: Anthropic (the company behind Claude) has reportedly rented Elon Musk’s entire Colossus 1 data center — that’s 220,000 GPUs and 300 megawatts of power.

xAI retains ownership, but Anthropic gets all the compute. Meanwhile, xAI has moved its training to the even larger Colossus 2.

It reminds me of the dot-com bubble in the late 1990s, when companies like WorldCom, Global Crossing, and Level 3 built out enormous fiber optic networks with massive debt. When the bubble burst, there was a huge surplus of bandwidth. Much of the fiber lay “dark” for years, and prices collapsed.

That overbuild later became a gift to Google, Amazon, and the entire internet economy.

History doesn’t repeat, but it often rhymes.

The big question is: who will ultimately benefit from today’s frantic AI infrastructure race? And who will be left holding the bag when the music stops?

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Kevin Warsh is the new Chairman of the Federal Reserve. Trump got his man confirmed by a narrow 54-45 vote in the Senate.

Warsh is seen as pro-Trump and more dovish on interest rates than many would prefer. But he also has actual previous experience from the Fed and understands markets. He’s hardly some random political appointee.

Predictably, Swedish media has gone into full panic mode.

This is apparently the end of the Fed’s independence, the death of democracy as we know it, and possibly the beginning of the end for the Western world. The headlines practically write themselves: “Trump seizes control of the Fed”, “Loyalist appointed”, etc.

The contrast is almost comical. When a Republican president appoints a Fed Chair he actually wants, it’s a constitutional crisis. When Biden or Obama did the same, it was simply “competent governance”.

I’m no Fed expert, but it’s fascinating how quickly Swedish media turns any appointment that doesn’t align with their worldview into an existential threat. One gets the impression they haven’t even looked at Kevin Warsh’s actual qualifications — only his political associations.

A classic case of guilty by association.

We’ll see how Warsh performs. He might be good. He might be terrible.

But the hysterical tone from Swedish commentators says far more about them than it does about him.

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Per Bolund’s gentle questioning in the KU — and the media’s subsequent light tap on the wrist — didn’t even come close to reflecting the massive damage he inflicted on future Swedish pension savers.

During his time as Minister for Financial Markets, Bolund actively changed the regulatory framework for the AP funds to prioritize “green” investments. He then sent clear political signals to the funds, after which they created a special joint investment vehicle (4 to 1 Investments) specifically designed to circumvent the ban on direct investments in unlisted companies. Through this construction, the AP1–AP7 funds invested approximately SEK 6 billion of pension capital into Northvolt. (Source: Joint statement from the AP funds regarding the investment in Northvolt)

Now Northvolt is bankrupt, and Swedish pension savers are left with massive losses. (Source: AP Funds comment on Northvolt bankruptcy)

When will politicians actually be held accountable for their decisions?

Do all politicians have their hands in the same cookie jar since no one really calls this out?

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For years the media and the political Left have worked hard to divide us into “us and them” — by skin color, gender, identity, and grievance.

Fine. Let’s take them at their word.

Elon Musk should create a new sovereign city-state or special economic zone where the only entrance exam is proven competence. Skin color, gender, or background is irrelevant. What matters is whether you can deliver results. No DEI. No quotas. No sacred cows.

A training camp for civilization before we become multi-planetary.

The Government

• Chief Executor: Elon Musk
• Economy: Javier Milei
• Technology & Energy: Elon Musk
• Innovation: Peter Thiel
• Foreign Policy & Defense: Tulsi Gabbard
• Education: Jordan B. Peterson
• Healthcare: Dr. Jay Bhattacharya

I, and millions of other exhausted, logically minded, hard-working people, would move there in a heartbeat.

And let the Left keep the rest. They can finally build the equitable society they’ve always dreamed of — without all those awful competent, high-achieving people ruining it for them.

Win-win.

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The EU and the US have reached a political agreement known as the Turnberry Agreement.

In practice, this means the EU will face up to 15 % tariffs on the majority of goods exported to the United States, while the US receives 0 % tariffs (or very low duties) on a wide range of its industrial goods, aircraft, pharmaceuticals, and certain agricultural products entering the EU. Read more about the agreement here (European Parliament)

It will be fascinating to watch European politicians try to spin last night’s clear loss into a win.

Ursula von der Leyen and others have already started the damage control, talking about “stability” and “better than 30 %”. Classic EU diplomacy: declare victory while the hard-working European taxpayers foot the bill.

The reality is simple. Europe swallowed a bitter pill to avoid an even bigger defeat. We gave the Americans significantly better market access while accepting higher barriers for our own exporters.

We will now see the “Fake it until you make it” mindset deployed in many creative ways by EU politicians in the coming weeks.

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Is there no one who proofreads the editorials before they are published?

There is so much wrong in today’s leader that it should be taken down and rewritten. But the worst sentence is this one: “Large profits that would previously have been subject to 30 percent tax were now tax-free.”

Just some paragraph earlier, the editorial correctly describes that both gains and losses on an ISK are subject to a flat-rate tax tied to the government borrowing rate. Some years this rate is low, other years it is higher.

What the critics of ISK (who have clearly never made a single stock transaction) always forget is this: on an ISK you pay the standard tax even when the value of your shares falls — i.e. you lose money and still pay tax.

Unlike a regular share deposit account, where you only pay capital gains tax on actual profits, and losses can be offset against future gains.

If the value of a share drops on an ISK, you still pay tax. You lose money — and pay tax on the loss.

And believe me — far from all share transactions are profitable.

If it were really that simple to get rich on the stock market, every socialist and communist would have invested all their assets there long ago.

Read the full DN editorial here

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Lower the mandatory taxes — or at least stop raising them. Let every taxpayer keep more money in their wallet. That strengthens purchasing power and drives real economic growth.

At the same time, the Riksdag can open a dedicated bankgiro with a specific OCR number where anyone — completely anonymously — can voluntarily pay additional tax on top of what they are already required to pay under the Income Tax Act (IL) and the Value Added Tax Act (ML).

This voluntary contribution would be a pure supplement to the existing tax system — not a replacement or a new system. Those who genuinely want higher taxes can pay as much extra as they like. Those who prefer to keep more of their earnings can do so without being forced to pay more. Everyone wins.

I can promise you one thing: that account would stay almost completely empty.

Because the people who scream loudest for higher taxes almost never want to pay them themselves — they want everyone else to pay. If their convictions were genuinely a matter of life and death, as they constantly claim, they would have backed this solution long ago.

Proof? A motion in 2013/14 proposing exactly this — Motion 2013/14:Sk226 by Stefan Svanström (KD) — was rejected by the Committee on Taxation . Similar proposals from Moderate MPs in recent years have met the same fate.

The gap between words and deeds is glaring.

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Could the collective howl from the Left — demanding higher taxes and wailing that Sweden has “too many billionaires” — simply be a distraction?

A way to shift focus away from what the current government has actually achieved in just four years, compared to their previous eight?

Let’s look at the scoreboard:

Shootings have dropped dramatically since 2022. Bombings remain a serious problem, but the most visible gang violence metric has improved. Unemployment is mixed. Growth is picking up again. Inflation has come down from the insane peaks.

Immigration levels in real terms haven’t changed as dramatically as some claim.

Yet you rarely hear any acknowledgment of progress. Instead, it’s the same script: more taxes, more envy, more division between “the many” and the “evil successful few.”

I voted for this government, but I’m no blind cheerleader. Still, I can’t help wondering — have parts of the Left realised they can’t win on actual results anymore? So they double down on the Swedish national sport: den svenska avundsjukan.

Instead of celebrating what’s working and encouraging more entrepreneurship (the kind that actually pays for the welfare we all claim to love), we get fog. Envy dressed up as justice.

Success isn’t a dirty word. Neither is holding politicians accountable for their results — even the ones you voted for.

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It is not in human nature to easily admit mistakes — least of all when your entire identity, career and moral superiority rest on never having to do so.

This is why large parts of the Swedish Left will never genuinely abandon the dream of solar and wind as our main energy sources, no matter how many cold winters and blackouts we endure. They will also never fully embrace nuclear power, even after the EU classified it as fossil-free and low-carbon.

The same stubbornness applies to woke ideology, gender theory experiments in schools, and the belief that Sweden can absorb unlimited immigration without consequences.

I’ve watched this pattern for years. Facts bounce off them like rain on a windshield. Because admitting they were wrong on energy, integration, or economic incentives would mean questioning the entire ideological foundation they’ve built their lives and careers around.

And that is simply too painful.

The number of people on the Left willing to stand up and say “I was wrong” is depressingly small. Especially when their status, friendships and sense of moral superiority depend on never uttering those words.

So they double down.
They raise taxes.
They gamble more pension money on green fantasies.
And they call anyone who points it out “right-wing”.

Because it’s easier to attack the messenger than to look in the mirror.

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”The other day, Fox Business praised Sweden as “Europe’s golden child” — citing better growth than the EU average, relatively sound public finances, and signs of a quiet capitalist comeback. Watch the segment here

I’ll admit it: it felt pretty good to hear.
For once, we’re not the cautionary tale of Europe. We’re the one doing slightly better.

But let’s not get carried away.
The bar is set extremely low. When France, Italy and a heavily regulated EU are the competition, even modest improvements look impressive. We still have sky-high taxes, a bloated public sector, and politicians on the left eager to raise taxes even further — while gambling pension money on high-risk green projects like Northvolt and Stegra.

So yes, it’s nice to get a rare compliment from American business media.

We’re just not quite ready to pop the champagne yet.
We’re still very much European.

We just happen to be the one coughing the least in the ward right now.

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