The fear is that, if the past is anything to go by, the AI boom will follow a similar arc to these other technology-driven infrastructure booms: a flood of speculative capital will flow in, leading to massive overinvestment, asset price bubbles and ultimately a crash as euphoria collides with a disappointing reality.
Shocking.
Is it possible that their attempt to be listed on the index is a way for private capital to cash in on their investments, leaving 401k funds etc holding the bag when the value dips?
Great, that means were gonna fight mecha hitler in the 2040s
Better load up Wolfenstein 3D again. We’re ready for this.
What’s mindfuckingly frustrating is that EVERYONE (but the rich ass financial types) see it coming. And there is ABSOLUTELY NOTHING WE CAN DO to prevent or prepare for it.
Oh they see it coming as well, but unlike us, they have the levers and means to come out on top of it.
Oh, come on. This is nothing like the Great Depression.
The Great Depression was caused by a supply side spending boom, producing massive excess of capacity, while nobody had any money to spend on anything.
…
Nothing like it, I tell you!
