Didn't come up with that simile, but it might fit:
It's like a fleshed out version of a 12 year old thinking "everything would be great if I was in charge, because I'm smart and people are dumb"
Something about people who are too impressed with their own smarts and swap pet theories that make them feel smart.
I can see tante's point. Besides AI datacenters being used for surveillance tech, I can also see LLM tech itself used nefariously post-bubble. Maybe maintaining an up-to-date LLM as a product is not viable, but a custom-trained model to snipe public online discourse around a crucial election could remain affordable for a wealthy fascist.
On the bright side, I am hoping for a brief period of powerful yet affordable gaming PCs thanks to retrofitted, slightly singed Blackwells.