Whats hilarious about this is that it will destroy capitalism as it needs consumers, plus since AI produces regardless of incentives it might bring about socialism as wealth hoarding becomes unnaceptable and AI will work for the collective just as good as for a greedy bastard.
Thats the whole thing about capitalism rn that doesnt make sense to me, companies are paying as little as possible and also charging as much as possible, forcing people to barely survive and only buy essentials (if they even can), and that is destroying future consumers/income just so they can squeeze a little more profit rn. It doesnt make any sense, if everyone is starving and homeless who is gonna buy their stupid stuff???
This is why there's a recession every ten or so years.
The cost of living imbalance gets to a point where no one has discretionary funds, and it destroys our consumer based economy.
People forget that there were recession signals in 2019 before COVID hit. It simply exacerbated what was already happening. The stimulus checks and additional unemployment money simply kicked the can down the road. The wage stagnation and continued increases in cost of living is just steering us towards another recession.
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u/Consistent_Weather65 4d ago
Whats hilarious about this is that it will destroy capitalism as it needs consumers, plus since AI produces regardless of incentives it might bring about socialism as wealth hoarding becomes unnaceptable and AI will work for the collective just as good as for a greedy bastard.