logoalt Hacker News

joe_mambayesterday at 9:40 PM3 repliesview on HN

>It will be worse than the dot com bust.

And whose fault is that?


Replies

jgeadayesterday at 10:22 PM

Big scale fraud like this always has its origin and motive force in the executive suite and board.

However, the consequences are always applied to everyone but the executives and board.

MassiveQuasaryesterday at 10:07 PM

The post dot com winners? Ironic.

mschuster91yesterday at 11:05 PM

> And whose fault is that?

Primarily the fault of our governments not using anti-trust laws for real in, like, decades.

Governments actually do have the power to regulate the economy and to prevent catastrophic crashes from occurring. The warning signs for the AI bubble have been visible for well over a year now, when the entity relationship map between the major players began to resemble a Habsburg family tree... and yet, nothing was done.