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

    • Bleeping Lobster@lemmy.world
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      1 year ago

      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.

    • Peddlephile@lemm.ee
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      1 year ago

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

      • dack@lemmy.world
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        1 year ago

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

        • iByteABit [he/him]@lemm.ee
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          1 year ago

          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.

      • KidnappedByKitties@lemm.ee
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        1 year ago

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

        • GeekyNerdyNerd@sh.itjust.works
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          1 year ago

          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.

            • GeekyNerdyNerd@sh.itjust.works
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              1 year ago

              I’m not encouraging violent rebellion,

              Ok good.

              I’m simply saying the powerful have historically only ever been checked by property damage, terror, and blood, or at least fear thereof.

              Nevermind. You just did an immediate 180.