181
you are viewing a single comment's thread
view the rest of the comments
[-] DandomRude@lemmy.world 26 points 12 hours ago* (last edited 12 hours ago)

If even the goddamn BusinessInsider comes to this conclusion, I wonder why they don’t also realize that all stock market transactions work this way today. None of this has the slightest connection to the real world anymore. Stock prices are determined purely by how many billionaires—or rather, their concentrated capital—are betting on which companies. And here’s the key: They always win, because even with the most absurd business ideas, they can drive up the price, which only crashes after the super-rich have sold their shares.

This makes it very easy to understand why the dumbest people in the world never lose money, as long as they’re rich enough.

Humanity is footing the bill for this, and it’s now becoming very clear just how high that bill is.

[-] justaman123@lemmy.world 1 points 1 hour ago

And they don't have to sell their shares anymore

[-] DandomRude@lemmy.world 1 points 48 minutes ago

Well, if they were to start doing this on a large scale, everything would probably collapse pretty quickly.

If, for example, BlackRock were to pull its billions out of AI companies, “the market” would be terrified and smaller investors would start asking about the business model—then they’d quickly realize that it doesn’t add up at all, and they’d want to sell their shares as well, because even this giant player has lost their trust.

The result would likely be the collapse of the global economic system, since such absurd amounts of money are at stake here that a crash would make the 2003 banking crisis look like a minor slip-up.

The bitter truth is that this will almost certainly happen sooner or later—and this time, governments will no longer be able to step in to bail out the “systemically important” megacorporations, because the sums involved are so vast that even the richest countries in the world can no longer foot the bill.

this post was submitted on 20 Jun 2026
181 points (97.4% liked)

Technology

85602 readers
5612 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots


founded 3 years ago
MODERATORS