I’d agree, except it’ll ripple out to innocent regular people as well, just like the 2008 Great Recession, if not worse.
When regular people lose a lot of money, the richest get richer or are largely unaffected.
When the super rich lose enough money to actually hurt them, their interconnectedness with and control of everything that regular people need to survive means that millions if not billions of people will suffer immensely, up to and including dying because of it.
Why would it be worse? The investment money from this is coming from PE and venture capital.
AI is not a foundation of our economy like the housing market. There will be externalities that affect stuff like investment from these VC firms, and some peoples’ portfolios will take a hit. But this should not cause some massive issue like 08 did.
Pop already I can’t wait to see the cryptoturds and the prompturds cry
I’d agree, except it’ll ripple out to innocent regular people as well, just like the 2008 Great Recession, if not worse.
When regular people lose a lot of money, the richest get richer or are largely unaffected.
When the super rich lose enough money to actually hurt them, their interconnectedness with and control of everything that regular people need to survive means that millions if not billions of people will suffer immensely, up to and including dying because of it.
Why would it be worse? The investment money from this is coming from PE and venture capital.
AI is not a foundation of our economy like the housing market. There will be externalities that affect stuff like investment from these VC firms, and some peoples’ portfolios will take a hit. But this should not cause some massive issue like 08 did.