Read the article before replying. Too late for some of you anyways.

Probably a reason why people brains have turned to mush. We’re in ad tech hell.

We’ve been down this road not long ago. The great recession lasted longer than any government shutdown.

The top 1% know they have to keep the top ~20% to ~30% placated. Otherwise they join the working class in protest. They just have to bail out the “too big to fail” companies so the upper class can make a living. The working class is fucked no matter what.

That’s reason the status quo has remained these past several years. That upper class is still comfortable enough. So far they’re only inconvenienced enough to vent on social media. No so much that they will take actionable steps toward change.

To play the devils advocate. Someone some where every day has been calling for a massive crash since the last massive crash. Their thesis is based whatever current events are at the time.

That aside. I think the so called AI bubble is distracting from something worse. The west has not been inventing or producing anything in a long time. The prevailing zeitgeist had shifted to a greater-fool pyramid-scheme type mindset. It happened a long time ago. Long before AI.

Everyone believes they’re smart for thinking they can park their money in the right investments and live passively off others doing the hard work. Nobody wants to work anymore.

Sorry (not sorry) if that last sentence makes Lemmy users irate like it does on other social media. I don’t know if it does or doesn’t. But I think it’s true.

It’s not just billionaires scooping up all the wealth. People have been fighting each other for the scraps too.

If the so called AI bubble bursts. I think a bigger domino falls. The one where everyone has to face a sobering reality. They all thought they were smarter than each other by trying to get rich off the other person doing all the work. Which has led us to a point where nobody has been doing anything. Not inventing new things. Not producing good product. Not manufacturing anything. Doing nothing but watching imaginary lines go up. This is not just AI but the whole of society has come to be built on this mindset.

Everything has been hyper-capitalized. The kid with a lemonade stand has been trying to figuring out how he can minmax his investment by giving you a tiniest pinch of lemonade powder per cup of water. It’s crazy times. Not just the AI industry.

Probably the same person.