The ‘Move Fast and Break Things’ Scam
In this solo minisode of Ink Over AI, Terry starts where a lot of good rabbit holes begin: a personal frustration. While working with Claude to spec out a new gaming PC capable of running Dragon Age: The Veilguard, he noticed that RAM and storage prices were dramatically inflated, a direct consequence of AI companies gobbling up hardware at scale. That observation sent him down a research spiral about the AI bubble, boom-and-bust economics, and whether any of this is actually good for the rest of us.
The intellectual core of the episode is a tension between two schools of thought. On one side, venture capitalists like Marc Andreessen and Peter Thiel argue that economic bubbles are a necessary cost of innovation, that the pain of a bust is worth the technological leap that precedes it. On the other hand, Terry draws on Elizabeth Warren's critique of boom-and-bust economics and Ezra Klein and Derek Thompson's book Abundance to push back on that framing. His argument: the most transformative technologies of the modern era, the internet, GPS, the touchscreen, the mobile phone, the foundational research behind AI itself, weren't products of VC-fueled risk-taking. They came out of universities, government programs, and publicly funded research during a period of relative economic stability. Venture capital didn't invent any of it. It just monetized it.
From there, Terry turns to what he sees as the real cost of the current AI gold rush, not just inflated RAM prices, but something more corrosive. In the classroom, he's watching students outsource their thinking to AI tools, and he worries that a generation raised on frictionless answers will lose the cognitive muscle to generate ideas of their own. He connects this to a broader pattern he's observed in the tech industry: VC money props up a service until it's embedded in people's lives, the cash dries up, and suddenly what used to be affordable becomes essential and expensive. He uses Uber as a case study, a company that disrupted an existing industry, made fares artificially cheap, and then jacked prices once the competition was gone. He doesn't want to see AI follow the same trajectory, especially if the thing people are outsourcing is their own thinking.
The episode closes with a challenge to the industry's own promises. If AI is supposed to usher in an era of abundance and ease, Terry asks, where are the measurable, tangible benefits right now? As a teacher who has to set SMART goals every year, specific, measurable, achievable, relevant, time-based, he finds it maddening that the tech industry operates almost entirely without accountability to the people absorbing its costs.
Topics Covered:
* How building a gaming PC led to a rabbit hole about AI's impact on hardware prices
* Marc Andreessen and Peter Thiel's "good bubbles vs. bad bubbles" theory, and why Terry isn't convinced
* Elizabeth Warren's critique of boom-and-bust economics and what a more stable economy actually produced
* Abundance by Ezra Klein and Derek Thompson on the pace of innovation then vs. now
* The surprisingly old origins of the internet, GPS, touchscreens, mobile phones, and AI itself — and what that says about who actually drives innovation
* The Uber-ification of technology: cheap until it isn't, then too embedded to escape
* AI in the classroom and the risk of a generation that can't think without it
* Why Terry thinks the tech industry needs to start building real products with measurable value