this post was submitted on 19 Nov 2025
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[–] Gammelfisch@lemmy.world 9 points 12 hours ago

100% correct, but the Americans will eat the shit bailout (corporate socialism) sandwich...again.

[–] SethTaylor@lemmy.world 10 points 12 hours ago (1 children)

Spoiler alert: they will literally take food from the hands of a starving child and give it to Altman, Zuckerberg and Musk.

[–] Washedupcynic@lemmy.ca 7 points 12 hours ago

They already did it. They will do it again.

[–] HazardousBanjo@lemmy.world 11 points 14 hours ago (1 children)

Obama gave a colossal welfare check to corporations in his first term and the right hated it.

Trump does it in both terms and they applaud it with tears in their eyes and cum in their pants.

Republicans should hardly be considered human beings at this point.

[–] Sunflier@lemmy.world 1 points 10 hours ago* (last edited 10 hours ago)

Obama gave a colossal welfare check to corporations in his first term and the right hated it.

Trump does it in both terms and they applaud it with tears in their eyes and cum in their pants.

This is starting to sound like what would happen in the early meetings of the Estates General just before the French had their Revolution

[–] FosterMolasses@leminal.space 36 points 20 hours ago (2 children)

...But they probably will anyway, right?

Damn dude, what's it gonna take for Americans to cut their losses and actually revolt? Painful to watch at this point.

[–] tirednapstablook@lemmings.world 14 points 19 hours ago (1 children)

Nothing.

Americans are the ones voting against their own interests.

[–] IronBird@lemmy.world 4 points 17 hours ago

realistically...murdochs propaganda arm needs chopped off, that's the biggest reason for this shift over the last 30+ years.

[–] captain_aggravated@sh.itjust.works 5 points 17 hours ago (1 children)

What, in your mind, does said revolt look like?

[–] AcidiclyBasicGlitch@sh.itjust.works 81 points 23 hours ago* (last edited 23 hours ago) (2 children)

Fuck no we shouldn't. This is their fucking fault!

None of us wanted this! They've been shoving it down our throats for months, cutting budgets, and redirecting it to AI, all while smugly reminding us that "this is the future, they're the experts, and any oppositions to what they're doing in 2025 would be like opposing the internet circa 1996."

This is the fucking result of allowing the "technocratic elite" to come in and tell countless departments and agencies full of "educated bureaucrats" to just sit back, shut up, and watch how it's done.

The AI bubble is the fucking Dunning Kruger effect in action. Just because some pompous dumbass buys a bunch of planes, and thinks that makes him an expert on planes, and he is then able to convince a bunch of other stupid people he should be allowed to fly a plane, it doesn't mean he actually knows how to fly the fucking plane.

We already made the mistake of allowing him to take over for the pilot and he immediately crashed our plane. Does rewarding him for crashing our plane, and telling him to just brush himself off and hop back in the captain's chair seem like the brightest fucking idea?! 💡

[–] Sunflier@lemmy.world 26 points 23 hours ago (1 children)

But, muh share prices

-Rich assholes

[–] tirednapstablook@lemmings.world 3 points 18 hours ago

Don't forget the stupid poor people who can't connect the dots between employees being overpaid and a company not getting enough funding.

If this work was really valuable, then people would be willing to do it for less or be willing to pay more. Otherwise it's just a grift.

[–] ConstantPain@lemmy.world 13 points 23 hours ago (1 children)

When did the public's opinion matter to the government?

[–] UnderpantsWeevil@lemmy.world 8 points 22 hours ago* (last edited 22 hours ago)

Well, eventually the government needs the public to implement policy. For all the talk of the miracles of AI, you can't just shout orders at ChatGPT from the Oval Office and have them become real by magic.

The problem at hand is that some people have rejected these ultra-wealthy racist buffoons in their quest to automate every white collar job. Other people are hopping on the ICE gravy train or getting their beaks wet on the ballooning crypto/tech secondary markets or otherwise profiteering off the back end of the conservative criminal enterprise. And these are the folks with all the institutional authority, the administrative offices, and the loyal trained footsoldiers carrying around the guns.

Cops seem to get along with AI devices just fine. It does the unfun parts of their jobs for them and offers more free time to go around town in a monster truck, ramming people, roughing them up, and filing them into concentration camps. As more and more of the US labor force is told "The only viable path to the middle class is through the police", you're going to see Americans prodded into the police state (or its many subsidiaries and offshoots) as a matter of economic necessity.

Eventually, if its a choice between being on the inside of the fence or the outside of the fence, who wouldn't pick being Winston Smith over some homeless peer who gets beaten to death on the street?

[–] Bubbaonthebeach@lemmy.ca 13 points 17 hours ago

Unfortunately the government will not listen. Whatever government is in power will do the same as the sub-prime debacle. They will bail out those that (intentionally?) caused it. Money will shift to shareholders and the top 0.5%, large swaths of stocks & property will be bought up cheap by the already wealthy, and the remaining 99.5% of the population will pay for it. The whole businesses need to profit in good times to make it through low times has been replaced with corporations are to be subsidized by the working class no matter what. SNAP is a subsidy to large corporations who can then ignore supply and demand of workers at poverty wages because tax payers make up the supports needed. Americans will go along with their standard of living continuing to decline because "American exceptionalism". After a long career in politics, always saying the right thing but never able to affect real change, AOC will take over the crown from Bernie Saunders.

[–] MourningDove@lemmy.zip 14 points 19 hours ago (2 children)

But they’ll go ahead and do it anyway while she “SLAMS”, them publicly.

[–] RagingRobot@lemmy.world 8 points 18 hours ago (1 children)

It's like these slams don't even mean anything anymore

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[–] bytesonbike@discuss.online 3 points 17 hours ago

AOC got props from me after calling AWS's bullshit. They still built in NY without the city's funds.

[–] Kolanaki@pawb.social 7 points 17 hours ago (3 children)

Who would we be bailing out? Isn't the point of a bailout to keep the company/industry alive for the sake of the employees working in it? How many people do AI companies actually have that aren't constantly replaced by AI? 🤔

[–] Sunflier@lemmy.world 5 points 17 hours ago

The investors needs a bailout from their shitiness

[–] resipsaloquitur@lemmy.world 2 points 17 hours ago

They definitely keep human CEOs. For some reason.

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[–] bitwolf@sh.itjust.works 12 points 20 hours ago

They had record profits before the AI nonsense. Let them fail.

[–] avidamoeba@lemmy.ca 5 points 17 hours ago (1 children)

They should bail out people's pension plans and let the fat cats fail. Most people would accept that and it would be good for the economy.

[–] alternategait@lemmy.world 4 points 13 hours ago

What's a pension?

[–] RandAlThor@lemmy.ca 16 points 23 hours ago (6 children)

Hey guys, so not all bubbles are the same. When the housing bubble burst, there were tons of debt that tied the housing bubble to wallstreet and big banks which tied in mainstreet to the bubble. When that bubble crashed, it put banks in jeopardy and THAT would have brought the whole financial system and main street down. We'd have been seeing bank runs, and the whole economy would've ground to a halt. That's when the bailout happened. Anyone remember dot-com bubble? When the dot-com bubble burst there were no bailouts. Companies just went under.

Current AI bubble is funded by the gynormous profits and funds that big tech companies have - Microsoft, Meta, Alphabet, Amazon, etc. who have humongous cash reserves and profits that they are literally plowing into building AI data centers which in turn fuels Nvidia's gynormous profits which it is plowing back into other AI companies. Nvidia doesn't have debt. Big tech companies aren't highly leveraged. When it crashes, it will go the way of dot-com.

[–] tetris11@feddit.uk 13 points 22 hours ago* (last edited 22 hours ago)

I appreciate this (much needed) insight,, but I think too many members of congress and high-ranking officials in this corrupt government have huge vested interests in this bubble and may not think twice in throwing the public under the bus

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[–] Jhex@lemmy.world 23 points 1 day ago (4 children)

But of course they will bail them out... there is a 0% chance they won't be bailed out

[–] mad_lentil@lemmy.ca 17 points 1 day ago (4 children)

In some countries, people make a big enough stink to actually send people to jail rather than write them a cheque.

It can happen.

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[–] notsure@fedia.io 117 points 1 day ago (2 children)

...so when we 'hire' politicians, they are supposed to work in our best inerest, only a few representatives seem to do this and they are all Democrats....

[–] pivot_root@lemmy.world 104 points 1 day ago (10 children)

they are all Democrats....

More accurately, Social Democrats and other progressives. Establishment Democrats are corporate-owned bootlickers that act against their constituents' interests in favor of their donors, much like Republicans but without the blatant -isms and -phobias.

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[–] 9point6@lemmy.world 39 points 1 day ago* (last edited 1 day ago) (1 children)

Democrats on the left of their party.

Quick recap of the political landscape for the past few decades

  • The right will make the world worse for everyone except about 100 people
  • The center will try to keep it the same, and often make it worse in general as the status quo has been built by the right
  • The left will actually try to make it better, but sometimes fail

This has always been the choice since Thatcher/Reagan and the right had their last ever economic idea in neoliberalism.

A few more decades of majority centre/right wing rule and 99.99% of us will have nothing and that 100 will have it all. They know this and that's why they fund racists to paint an alternative reason everything is going to shit. They can happily carry on with their accumulation of everything and hopefully enough people won't realise before it's too late to do anything.

The few left wing voices you can hear are your only voices that have managed to resist being bought.

(Oh important reminder, don't let a politician tell you what their political alignment is, look at how they vote and behave. The further right you go the more often you'll get an untrue response to the question)

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[–] thefluffiest@feddit.nl 67 points 1 day ago (1 children)

The rich don’t like her already anyway

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[–] FlashMobOfOne@lemmy.world 22 points 1 day ago (1 children)

The fun thing about politicians saying things we like is that it's much easier to do so when you know exactly how all of this is going to turn out.

Words don't accomplish anything. Call me when the Democrats refuse to vote for the bailout and it fails instead.

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[–] Batmorous@lemmy.world 5 points 20 hours ago

If/When the AI Bubble pops we need every blue state to join together and form a new country with an overhauled everything to never let this happen again.

For any red states we can do it EU style of allowing them in if they actually both majority voted blue, have done major reforms in how they operate, and have done things to actually mean it as a permanent change.

[–] Macchi_the_Slime@piefed.blahaj.zone 24 points 1 day ago (3 children)

Can the government even afford to bail out the AI bubble? There's so much "money" tied up in it I don't think they could even print enough could they?

[–] SupraMario@lemmy.world 28 points 1 day ago (5 children)

This bubble exists on paper, it's basically fake money that's been built up from companies sending IOUs to each other. It's insane to think we should bailout fake wealth they built of market speculation. When this does pop, it's not like the housing market where there is a ton of assets that exist. There's nothing there.

[–] kryptonianCodeMonkey@lemmy.world 21 points 1 day ago (7 children)

That's not entirely accurate. OpenAI is making deals to have chips produced, to have a data centers built, etc. Those are real things that someone has to pay for. Real debts. Their promises, in return, are just IOUs essentially, but real material debts are occurring.

OpenAI failing when the pop happens would mean nothing at all in itself. They don't produce anything unique of value. But their failure to make good on their IOUs to other companies that went into deep debts on their assumption of repayment, companies that make up a massively bloated chunk of the markets and national GDP, and companies that are producing American technology in direct competiton with China, that could have a disastrous effect on the economy and geopolitical affairs. That is, I think, what they are counting on.

Both OpenAI and the companies taking IOUs that they have no reasonable expectation to be made good on are just banking on the US goverment to pay out when the time comes. OpenAI isn't necessary to save at all, but its deals might be to prevent this coming crash. And if the government pays those debts, OpenAI survives and still gets to keep all of its stuff it bought on IOUs, free of charge, and the other companies got paid despite making a deal with a massively non-profitable company. They think that is a win-win. I think they need to be charged with tax fraud and let the companies fail. But... that's not going to happen under Trump.

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