L4sBot@lemmy.worldMB to Technology@lemmy.worldEnglish · 1 year agoIt is 'nearly unavoidable' that AI will cause a financial crash within a decade, SEC head sayswww.businessinsider.comexternal-linkmessage-square93fedilinkarrow-up1275arrow-down131file-text
arrow-up1244arrow-down1external-linkIt is 'nearly unavoidable' that AI will cause a financial crash within a decade, SEC head sayswww.businessinsider.comL4sBot@lemmy.worldMB to Technology@lemmy.worldEnglish · 1 year agomessage-square93fedilinkfile-text
It is ‘nearly unavoidable’ that AI will cause a financial crash within a decade, SEC head says::undefined
minus-squarePeddlephile@lemm.eelinkfedilinkEnglisharrow-up4arrow-down2·1 year agoSo, how do we engineer a situation in which the richest suffer most? End of capitalism?
minus-squaredack@lemmy.worldlinkfedilinkEnglisharrow-up5·1 year agoGreatly increasing taxes for the super wealthy and closing tax loopholes would be a good start.
minus-squareiByteABit [he/him]@lemm.eelinkfedilinkEnglisharrow-up3·1 year agoIf they haven’t done all this until now, what makes you think they’ll do it then? The rich will get off unscathed with a blank canvas to work on, and the poor will pay the price, just like with every other market crash.
minus-squareKidnappedByKitties@lemm.eelinkfedilinkEnglisharrow-up3arrow-down1·1 year agoHistorically riots, mobs, and terror have been the answer. See the origins of the luddites, saboteurs, the French revolution(s), the socialist movement, etc.
minus-squareSir_Kevin@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up1·1 year agoI was thinking more along the lines of mad max.
minus-squareslinkyninja@lemmy.worldlinkfedilinkEnglisharrow-up1·1 year agoInvent a system of money in which they are no longer in control of it.
So, how do we engineer a situation in which the richest suffer most? End of capitalism?
Greatly increasing taxes for the super wealthy and closing tax loopholes would be a good start.
If they haven’t done all this until now, what makes you think they’ll do it then?
The rich will get off unscathed with a blank canvas to work on, and the poor will pay the price, just like with every other market crash.
Historically riots, mobs, and terror have been the answer. See the origins of the luddites, saboteurs, the French revolution(s), the socialist movement, etc.
I was thinking more along the lines of mad max.
Invent a system of money in which they are no longer in control of it.