The High Costs of the Cloud
Data centers make “the cloud” tangible. The supposed benefits—such as jobs—might not be.
Two views.
First, Daniel Gross.
Then, Yves Smith.
I'm with Smith. Even if *some* pecuniary benefit eventually accrues to the government's balace sheet, huge losses still loom, and the system remains dependent on us bailing out those responsible for the crisis, in effect enabling them to screw us again.
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