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It is 'nearly unavoidable' that AI will cause a financial crash within a decade, SEC head says(www.businessinsider.com)

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It is ‘nearly unavoidable’ that AI will cause a financial crash within a decade, SEC head says::undefined

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Copernican@lemmy.world
36 points

That’s not who suffers most in financial collapse.

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Bleeping Lobster@lemmy.world
24 points

Bingo. The super-rich love a financial collapse, it gives them a golden opportunity to turn disaster capitalist. All those foreclosed homes & businesses available at a knockdown price, nom nom nom.

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Peddlephile@lemm.ee
3 points

So, how do we engineer a situation in which the richest suffer most? End of capitalism?

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dack@lemmy.world
6 points

Greatly increasing taxes for the super wealthy and closing tax loopholes would be a good start.

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iByteABit [he/him]@lemm.ee
3 points

If they haven’t done all this until now, what makes you think they’ll do it then?

The rich will get off unscathed with a blank canvas to work on, and the poor will pay the price, just like with every other market crash.

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Sir_Kevin@lemmy.dbzer0.com
1 point

I was thinking more along the lines of mad max.

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KidnappedByKitties@lemm.ee
1 point

Historically riots, mobs, and terror have been the answer. See the origins of the luddites, saboteurs, the French revolution(s), the socialist movement, etc.

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GeekyNerdyNerd@sh.itjust.works
1 point

The luddites failed and the French revolutions ended poorly for everyone. Not exactly the best examples to draw from if you are trying to encourage violent rebellion.

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slinkyninja@lemmy.world
1 point

Invent a system of money in which they are no longer in control of it.

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Cryophilia@lemmy.world
4 points

I need to get off lemmy. Too many teenagers on here with their "burn it all down"s and "trust me, I have a super easy solution to a giant complex problem that has been plaguing humanity for generarions"s and "the bad guys are actually good guys, lol I’m so edgy"s

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SpiderShoeCult@sopuli.xyz
7 points

now now, no need to be dismissive of other age groups in this matter. I’m sure there’s plenty of non-teenager people that think the same way too. on the internet, nobody knows you’re a 74 yr old extremist

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iByteABit [he/him]@lemm.ee
5 points

Is this suddenly a teenager platform whenever you want to infantilize the ones you disagree with?

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Cryophilia@lemmy.world
0 points

No? It’s…just always a teenager platform? It’s not like the users change age from day to day.

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Mchugho@lemmy.world
3 points
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