2025-12-24 15:31 UTC
No.
When the AI bubble bursts, those with money will invest and hoover up wealth and assets at a 90% discount. The vast majority will continue to scrape whatever life they can together and try to survive, and the government will enforce ever more draconian austerity policies.
Replies (3)
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@cyberpunk007@lemmy.ca 2025-12-24 16:22
This checks out
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@phutatorius@lemmy.zip 2025-12-24 17:56
When the AI bubble bursts, those with money will invest and hoover up wealth and assets at a 90% discount. The GPUs will go fast, but not the data centers that nobody wants for any other purpose. So much for the capital assets. The intangibles and “intellectual property” will be reset to a value much closer to zero. And if this cuts a few billionaires down to centimillionaires, so much the better. Fuck ‘em.
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@e461h@sh.itjust.works 2025-12-24 19:48
Don’t forget the part where taxpayers bail out the billionaires!