AI Didn’t Save the Economy — It Rented It
The economy did not become intelligent overnight Rent is a wonderfully clarifying word. When a company rents GPU capacity, it is not buying “AI magic.” It is paying for access to a physical production system: chips, servers, cooling, electricity, networking, land, software orchestration, and a pricing model that turns machine time into invoices. That invoice may look like a cloud bill. In national accounts, however, it becomes something more prosaic and more useful: consumption, investment, exports, government expenditure, or an intermediate input. ...