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jqpabc123today at 5:46 PM1 replyview on HN

AI is capitalism gone wild.

50% of the S&P 500 valuation is now directly related to AI as are 40% of new layoffs.

A quote often attributed to Stalin/Lenin/Marx is something like, "Capitalists will sell the rope to be used to hang them".

AI is taking this even further. Corps are effectively borrowing tons of money in order to build the rope to hang the middle class --- to be followed by hanging themselves.

The idea that you can lay off the middle class and business will continue as usual is a capitalistic fantasy. Without jobs, people can't afford to buy products built with AI.


Replies

leecommamichaeltoday at 5:48 PM

Citations, please

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