The entire US economy is currently being propped up by growth in the AI/tech sector. And I am convinced that LLMs are fundamentally incapable of delivering on the promises being made by the AI CEOs. That means there is a massive bubble that will eventually burst, probably taking the whole US economy with it.

Let’s say, for sake of argument, that I am a typical American. I work a job for a wage, but I’m mostly living paycheck to paycheck. I have maybe a little savings, and a retirement account with a little bit in it, but certainly not enough that I can retire anytime in the near future.

To what extent is it possible for someone like me, who doesn’t buy into the AI hype, to insulate themselves from the negative impact of the eventual collapse?

  • FreedomAdvocateEnglish
    71·
    5 months ago

    What do you think would happen to billionaires in that scenario? The richest people in the world, who all own their own islands and mega yachts and can easily pay anyone enough money to do whatever they want?

    No one is “taking” what they want from them lol.

    This time it’s different, though

    How? How is this fantasised about economic crash different?

      • FreedomAdvocateEnglish
        22·
        5 months ago

        You act like billionaires are some smooth brained Neanderthals who will lose their mind in a few days if they can’t get their favourite smoothy lol

          • FreedomAdvocateEnglish
            33·
            5 months ago

            You’ve got absolutely no idea how the real world works lol. This reads like some fanfic erotica for people who hate billionaires.

            In a world like you’re talking about everyone would be out for themselves, not just billionaires, and at that point billionaires will have even more power because they could pay people to shoot-on-sight anyone that comes near their property, and they could just seize the means of production of whatever they wanted to. They can afford to buy whoever they need to, to get whatever they need to.