260
submitted 2 years ago by [email protected] to c/[email protected]

It is 'nearly unavoidable' that AI will cause a financial crash within a decade, SEC head says::undefined

you are viewing a single comment's thread
view the rest of the comments
[-] [email protected] 3 points 2 years ago

So, how do we engineer a situation in which the richest suffer most? End of capitalism?

[-] [email protected] 6 points 2 years ago

Greatly increasing taxes for the super wealthy and closing tax loopholes would be a good start.

[-] [email protected] 3 points 2 years ago

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.

[-] [email protected] 1 points 2 years ago

Historically riots, mobs, and terror have been the answer. See the origins of the luddites, saboteurs, the French revolution(s), the socialist movement, etc.

[-] [email protected] 1 points 2 years ago

The luddites failed and the French revolutions ended poorly for everyone. Not exactly the best examples to draw from if you are trying to encourage violent rebellion.

[-] [email protected] 1 points 2 years ago

I was thinking more along the lines of mad max.

[-] [email protected] 1 points 2 years ago

Invent a system of money in which they are no longer in control of it.

this post was submitted on 16 Oct 2023
260 points (90.1% liked)

Technology

71885 readers
5294 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 2 years ago
MODERATORS