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Nvidia falls 14% in premarket trading as China's DeepSeek triggers global tech sell-off (www.cnbc.com)
submitted 2 years ago by to c/technology@lemmy.world
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cross-posted from: https://lemm.ee/post/53805638

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[–] 59 points 2 years ago (1 child)

Because rulling class got high on the promise that they could finally eliminate workers as a cost and be independent from us.

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  • [–] -2 points 2 years ago (2 children)

    They don't want to get rid of workers because then there would be no consumers. No, they want to increase the downward pressure on wages so they can vacuum up further savings.

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  • [–] 6 points 2 years ago* (last edited 2 years ago)

    Why? If you automatize away (regardless of whether it's feasible or not) all the workers, what's stop them for cutting them out of the equation? Why can't they just trade assets between themselves, maintaining a small slave population that does machine maintenance for food and shelter and screwing the rest? Why do you think they still need us if they own both the means for the production as well as labor to produce? That would be a post-labour scarcity economy, available only for the wealthy and with the rest of us left to rot. If you have assets like land, materials, factories you can participate, if you don't, you can't

    While I don't think that this is feasible technologically yet by any means, I think this is what the rich are huffing currently. They want to be independent from us because they are threatened by us.

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