AI Jobs Apocalypse is Here | UnHerd h/t naked capitalism

feels a bit critihype, idk

So, what happens to American politics when the script is flipped, and we enter a new era of white-collar precarity? We can look back to the recent past and recall that, after the 2008 recession, it was young men who got especially angry. Downwardly mobile urban millennials drifted toward radical Left-wing politics, including the Occupy Wall Street movement and both Sanders campaigns, myself included. In the current decade, the Gen-Z men shut out by elite institutions often join their grandfathers and turn toward MAGA, or worse, into Groypers. But an AI-driven white-collar apocalypse has no equivalent of the American Rescue Plan around the corner, and it will move faster through institutions because the people experiencing it — journalists, lawyers, policy staffers — are the ones who produce political legitimacy itself. When that class loses faith in the system’s stability, the political climate may quickly become volatile.

As I get older I am more and more disturbed by the selective memory of the GFC; no mention of the tea party or the fallout from the austerity measures they pushed in the middle of the country; no mention how the bailout saved banks not homes. The Tea Party won, not Occupy, and the current government is doing things beyond the Koch's wildest dreams.

If and when there is a crash, these dumbass CEOs deserve /nothing/. Let them lose their vacation houses. And, maybe grow some balls and send the fraudsters to jail where they belong.

sigh