"It will take the ills we face today, like neo-fascism, and turbocharge them."
I'm in the "worse is better" camp as far as the crash is concerned. This time around, it will be hard to shift the blame away from the right. Not only are the Repubs in total control of the US political system but Wall Street (seen as a Democratic constituency in 2008) is in their camp, as is the tech industry, and the crypto world. The only coherent policy response is "blame the billionaires".
As long as NSA/CIA benefit off of the massive computing power and surveillance capabilities coming with the AI boom not sure they will let it pop like a bubble ever.
"It will take the ills we face today, like neo-fascism, and turbocharge them."
I'm in the "worse is better" camp as far as the crash is concerned. This time around, it will be hard to shift the blame away from the right. Not only are the Repubs in total control of the US political system but Wall Street (seen as a Democratic constituency in 2008) is in their camp, as is the tech industry, and the crypto world. The only coherent policy response is "blame the billionaires".
Wall Street has never been a Democratic constituency, but in 2008, it was understandable.
Remember when Bush was flailing around about what to do after the crash, and held a summit with Obama and John McCain, the presidential candidates?
Obama talked about solutions and making banks pay back the money (Bush never even considered that), and McCain said nothing. It was epic.
I watched 40% of my 401K evaporate in 2008. Poof, just gone, about 12 years before I retired.
I remember bailing out Wall Street while screwing people over poorly designed mortgages.
If AI does go under, what happens to the data centers, Will?
As long as NSA/CIA benefit off of the massive computing power and surveillance capabilities coming with the AI boom not sure they will let it pop like a bubble ever.