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AI bet goes awry: Oracle fires 21,000 employees (www.jpost.com)
submitted 2 months ago by to c/technology@lemmy.world
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[–] 154 points 2 months ago (4 children)

and be denied

Maybe under a sane leadership, certainly not now. Trump will give them a bailout and a shipping container full of "deported" teenagers.

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  • [–] 54 points 2 months ago (1 child)

    Even Obama handed out bailouts like candy. No chance this admin doesn't.

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  • [–] 27 points 2 months ago

    I mean that’s one of the big draws of capitalism right? Much of the state’s power is derived from its elite oligarchy and their industrial contributions, in exchange for basically having a blind eye turned to anything they want.

    When you allow structure of such importance to exist as a business, you balance your house on toothpicks.

    Therefore, you can allow them to snap and tumble your whole home down a cliff; or you can treat them as part of the state (but, only when they need it. To keep up appearances.)

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