Massive opportunity cost. People will say that could have been spent on social programs and I agree but realistically that can’t happen until voters stop being manipulated sheeple and wake the fuck up. Which in the USA is never. Brainwashed and neutered.
Until then that capital could have been invested in other industries, creating sustainable jobs and long term economic growth. But it is tied up in a bubble and a huge amount of wealth will be destroyed, invested in equipment and data centres that have no prospect of returning their investment.
If you thought it was hard to source computer parts at reasonable prices, imagine what the capital market must be like for anyone but the AI con artists. So when AI tanks, everything else is in limp mode, so the economy will be doubly fucked.
Massive opportunity cost. People will say that could have been spent on social programs and I agree but realistically that can’t happen until voters stop being manipulated sheeple and wake the fuck up. Which in the USA is never. Brainwashed and neutered.
Until then that capital could have been invested in other industries, creating sustainable jobs and long term economic growth. But it is tied up in a bubble and a huge amount of wealth will be destroyed, invested in equipment and data centres that have no prospect of returning their investment.
If you thought it was hard to source computer parts at reasonable prices, imagine what the capital market must be like for anyone but the AI con artists. So when AI tanks, everything else is in limp mode, so the economy will be doubly fucked.