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?

  • FreedomAdvocate@lemmy.net.au
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    18 hours 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?

    • Jack_Burton@lemmy.ca
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      12 hours ago

      When you have 10000 people to 1, a lot can be accomplished with some organization. You don’t have to get to them on their islands if you take back the mainland. Cut them off. Eventually they’ll run out of supplies, and since they’re used to getting whatever they want whenever they want, they’ll run out of something they’re accustomed to getting within days.

      • FreedomAdvocate@lemmy.net.au
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        9 hours 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

        • Jack_Burton@lemmy.ca
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          8 hours ago

          Wen you’re accustomed to privilege equality feels like oppression. And that’s just for us regular folk. These people live a life of luxury we’ll never understand, and they never get told ‘no’. So yeah, as dumb as it sounds, when you’ve lived a life getting everything you ever want finding out you can’t have that smoothie can have an effect.

          I’m not saying that first smoothie would be the trigger point, but the idea is lack of access. Cut off the new sewage drainage from billionaire island. Cut off deliveries of any kind. They’re used to lobster and caviar at the snap of a finger. Kraft Dinner will be unacceptable. Lock them in their utopias and see how long they last.

          How long until their smart homes break down and they can’t bring in IT to fix it? These things can absolutely have an effect.

          • FreedomAdvocate@lemmy.net.au
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            2 hours 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.

            • Jack_Burton@lemmy.ca
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              2 hours ago

              This entire conversation is based on what the op asked. Would the 99% take what the 1% has. You suggested they couldn’t take it, I suggested they wouldn’t have to they could just cut them off. The entire premise is based on the 99% standing up and uniting. It was an interesting question dude, no need to be insulting.