Washington is loosening financial safeguards just as risks tied to artificial intelligence are mounting.
  • moustachio@lemmy.world
    2·
    5 days ago

    The more they say this, the more I’m convinced the opposite is true: that the economy will start to thrive when it bursts.

    A lot of the time all the corporate media universally says something, the opposite is probably true. They aren’t on our side.

  • Ilixtze@lemmy.mlEnglish
    12·
    7 days ago

    Let it all burn, i hope the architects of this ruin are held accountable.

      • Ilixtze@lemmy.mlEnglish
        7·
        7 days ago

        The American people will be paying for those bailouts so i hope those millionaire bunkers are really deep down.

        • Fluke@feddit.uk
          6·
          6 days ago

          Deep, shallow, it doesn’t matter.

          Concrete over the entrance, job’s done mate. 👍

        • 1orangecat@lemmy.dbzer0.com
          2·
          6 days ago

          Yeah, when they are all warm and cozy in their bunkers. Seal them inside by any means necessary. Then change the world economy’s currency to something else.

  • cheese_greater@lemmy.world
    122·
    8 days ago

    Its almost like the economy shouldnt be built on bullshit commodities intended to automate everyone who works into extremer poverty

  • Archangel1313@lemmy.ca
    85·
    8 days ago

    That’s the whole plan, man. These fucks do this every several years now. Pump up some new investment scam until the market collapses…then buy up the leftover scraps for cheap.

    Lather, rinse, repeat.

    Each time, more wealth gets sucked out of the lower end of the economy and syphoned up to the top. We keep getting less, and they keep getting more.

  • mrmaplebar@fedia.io
    82·
    8 days ago

    Correction: the AI bubble WILL burst. It’s not a matter of if but when…

    There’s no way that the economy as it stands today is sustainable. Never before has so much money been invested in a unprofitable industry that has no business null

    Unless we all someday learn to eat, sleep, shit and fuck AI, it cannot be the alpha and omega of the future economy.

  • tauisgod@lemmy.world
    42·
    8 days ago

    They learned their lesson after 2008. That lesson was, the government will bail them out. These people and companies don’t care.

    • MrOtingocni@lemmy.world
      6·
      7 days ago

      They learned that lesson well before that which is a big part of why the 2008 crash happened.

      Except for the sacrificial Richard Fuld (Lehman Brothers).

      There probably hasn’t ever been a time in US history that the government hasn’t been in bed with financial ne’er-do-wells.