351
The AI bubble is so big it's propping up the US economy (for now) (www.bloodinthemachine.com)
submitted 1 year ago by to c/technology@lemmy.world
124 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] 43 points 1 year ago (3 children)

what lesson? it's a ponzi scheme and whoever is the last holding the bag is the only one losing.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 6 child comments
    •
  • [–] 9 points 1 year ago

    Plus everyone else that pays taxes as they will have to continue to pay for unemployment insurance, food stamps, rent assistance, etc (not the CEOs and execs that caused it that's for sure).

  • permalink
  • fedilink
  • source
  • parent
  • [–] 5 points 1 year ago

    And that's why it's being done. Everyone hopes that they make it out at just the right time to make millions while the greater fools who join too late are left holding the bag.

    Bubbles are great. For those who make it out in time. They suck fo everyone else including the taxpayer who might have to bail out companies and investors.

    Always following the doctrine of privatizing profits and socializing losses.

  • permalink
  • fedilink
  • source
  • parent