So, GPUs and chips are being collateralized to secure loans and finance underwriting. We’re so fucked.
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It’s just the cost of doing business. They take your tax money and fund an ai data center buildout surveillance state. Just like China.
No, the taxpayer should not have to pay bailouts. But they will, whether they want or not.
As long as the Trump Crime Family and our corpo democrats get their cut I'm sure the bailouts will flow.
Yea but we already know that's what they're gonna do regardless of what anyone says.
Just like we already know things are eventually going to get bad enough that killing the epstien-billionare class becomes both moral and necessary.
i would argue that it is already the moral choice. they are killing the planet
How can we know either way without speaking freely about it? I think this is an important conversation we should all participate in. (Fully agree with you btw)
we are talking about it right now :) that means we arent the only ones.
There's no industry the US government won't bail out, because the US government is corporate sponsored.
We bail out banks.
We bail out farmers.
We bail out military contractors.
... and on and on and on.
Because they "donate" to bOtH pArTiEs, and they expect a return. They don't do this out of charity.
I think it's worth adding that those companies intentionally run shit into the ground, taking the global economy with them, because they know the gov will ball them out.
Didn't the House denounce Socialism in ALL FORMS earlier this week? Therefore bailouts are no longer possible, right?
Oh, I forgot the rules don't apply to rich people. Silly me.
Socialism wouldn't just bail out an industry.
Uhh.... billionaires asking for bailouts is peak failed capitalism.
"Socialism for me, but not for thee"
Can I get a bailout if I manage my money idiotically and go bankrupt?
First time through bailouts and economic crash?

5 years, it's been non stop!
And it's not even really artificial intelligence. It's basically just very fast computing.
Short of a complete societal rejection of the global economic regime, there is no way for us to not be. The expensive deals have been inked. The money has been committed. Parties will be in debt to each other for hundreds of billions of dollars. It doesn't matter if there is a law against taxpayers footing the bill or not, that amount of economic pressure will burst into and flood the larger economy and it will harm us all. It's going to happen no matter what. We're not yet angry enough at the severe economic harm that is about to befoul all of us.
Yeah, I am rather amazed that it seems so fashionable to want the AI bubble to pop, as if we won't all be in the direct line of fire. It's like people that were wishing for the housing bubble to pop back in the mid-00s...the people at the top doing all this shit are not going to be the ones that suffer.
I'd rather the AI bubble were to spin down and have a soft landing, but honestly, I have no idea if that is even remotely possible. It seems we cannot just have a stable economy; it's either tulip bulb mania or it's in freefall because the investor class is not making quite as much money as they think they are entitled to.
to be fair, we should not bail out ANY industry. if you fail at capitalism so bad you need a bailout- tough shit.
Bailout people, not companies
I feel like that depends on the industry and context. For example if say most of a specific industry is based in one or two areas and gets devastated by a natural disaster then fine. But if it's just economic failure then they should be taken private with either the states or the feds getting controlling shares.
There is a difference between disaster recovery aid and bailout for managment failures.
state control is actually “public” or “nationalized” right? - not to be confused with “publicly traded” which is not the same as “the public runs the business” (as it would if a state ran it, being comprised of the public)
Yeah every bailout should mean public ownership. It's the taxpayers buying the company.
They forced this nation to take massive risks for their personal benefit. These people should be in prison and their companies and assets seized.
That’s not how our system works.
Socialism for the rich, bootstraps for the rest.
Too bad, they already figured out a way to make it happen.
Socialism is TERRIBLE! That's why ONLY Rich people get to Partake in It!
Bwahaha. Taxpayers will definitely bail out this industry, especially if the crash happens during this administration. That will be true whether or not be force some level of public ownership to reap any rewards that might accrue.
Too late. It's already baked in through the insurance industry reinsurance mechanisms.