AI is only going to intensity the contradictions of capitalism as how is a prole supposed to purchase the goods horded by capital if they have no capital?
Tbh they’ll try to do this and will fail inevitably, Russia tried this with the Okhrana and even at that organisations height it did little to stop the growth of socialism in the Russian empire, similarly it’s not going to stop the growth of socialism in the west, conversely systematic surpression of socialist groups could actually legitimise them as a real oppositional force in the eyes of the western Proletariat.
Lol, talking about a pipedream lol, America can’t even defeat Iran what fucking chance are they going to have against china?
Lol, I know these are shit posts but still, funny.
And that’s clearly going to work on a population that is literally starving to death, the Russian orthodox church tried the same thing in 1917, and all It led to was there pedodunge…I mean churches to get burnt down.
I was being sarcastic with all those points. You’re right that AI can’t do any of that. But the American bourgeoise believe it can. It is their delusional hope. Their golden calf.
It’s macroeconomics. Wealthy Americans got all the cash in the world right now. It needs to go somewhere, and boy oh boy is AI infrastructure good at scaling up and sucking up capital
Not gonna claim this is true about any given capitalist, but generally speaking, they do. It’s just their logic is by necessity local/constrained. They make rational decisions based on their situation and goals, which happen to be ghoulish because it’s capitalism.
The people with agency in our economy are making money hands over fist with AI. They don’t care if it’s real or sustainable, they just want to continue extracting value and do so faster than other capitalists.
Invested money isn’t lost, it’s transferred. If a trillion dollars is said to have been lost in stupid investments, that just means a specific group of capitalists extracted a trillion dollars, usually indirectly from the public sector.
Edit: what I mean by local logic is like if they were effectively winning a game of chess while on a train that was speeding towards a cliff (except the millions of games of chess influence the trajectory of the train). Capitalism is rational, but with fundamental contradictions. And I think each bubble or boom and bust cycle proves both the rationality and contradictions more than brings it into question. But like the fundamental material rationality, not the mythology and liberal ideology to be clear.
I’d like to see this adjusted for share of GDP and for another industry whose R&D is so dominated by the USA to see if it always looks like this befor coming to any conclusions
Sure, but manufacturing is something like 11% of the overall economy last I looked. Most of the US economy is other ephemeral stuff like the service industry.
The main danger of an AI crash is that it is extremely likely to spread to other sections of the economy.
A lot of banks have issued massive amounts of loans to Tech Companies participating in the current economic circle jerk, it’s likely if the AI bubble pops then these banks will lose hundreds of billions of dollars worth of liquid investments and this will likely force them to lean on credit card users (aka American consumers) to recouperate the lost capital.
Also it would likely force the US government to issue a substantial bailout, which, unlike in 2008, the US dollar is declining rapidly as a global reserve currency, with it being at around 45% today, while in 2008 it was around above 55%, which means that the US government will have a harder time printing money due to the fact most people are reluctant to purchase us bonds.
Oh for sure, most of the financial system is now deeply tied to the bubble. Once it pops, the whole house of cards is going to come crashing down because all the other sectors of the economy are already crashing. The bubble is the only thing holding the market up. On top of that, thanks to the war on Iran the demand for US dollar is dropping because you have to pay for oil out of the gulf in yuan now.
this Stanford study kinda says it all https://hai.stanford.edu/news/inside-the-ai-index-12-takeaways-from-the-2026-report
You just have to look at these two charts side by side to realize the whole AI industry in the US is a scam:
To be fair to the US they need the AI to
It’s a lot of responsibilities. So you need to give the AI the food it needs.
AI is only going to intensity the contradictions of capitalism as how is a prole supposed to purchase the goods horded by capital if they have no capital?
Tbh they’ll try to do this and will fail inevitably, Russia tried this with the Okhrana and even at that organisations height it did little to stop the growth of socialism in the Russian empire, similarly it’s not going to stop the growth of socialism in the west, conversely systematic surpression of socialist groups could actually legitimise them as a real oppositional force in the eyes of the western Proletariat.
Lol, talking about a pipedream lol, America can’t even defeat Iran what fucking chance are they going to have against china?
Lol, I know these are shit posts but still, funny.
And that’s clearly going to work on a population that is literally starving to death, the Russian orthodox church tried the same thing in 1917, and all It led to was there pedodunge…I mean churches to get burnt down.
I was being sarcastic with all those points. You’re right that AI can’t do any of that. But the American bourgeoise believe it can. It is their delusional hope. Their golden calf.
But like, why, do they have like no critical thinking skills?
It’s macroeconomics. Wealthy Americans got all the cash in the world right now. It needs to go somewhere, and boy oh boy is AI infrastructure good at scaling up and sucking up capital
Not gonna claim this is true about any given capitalist, but generally speaking, they do. It’s just their logic is by necessity local/constrained. They make rational decisions based on their situation and goals, which happen to be ghoulish because it’s capitalism.
The people with agency in our economy are making money hands over fist with AI. They don’t care if it’s real or sustainable, they just want to continue extracting value and do so faster than other capitalists.
Invested money isn’t lost, it’s transferred. If a trillion dollars is said to have been lost in stupid investments, that just means a specific group of capitalists extracted a trillion dollars, usually indirectly from the public sector.
Edit: what I mean by local logic is like if they were effectively winning a game of chess while on a train that was speeding towards a cliff (except the millions of games of chess influence the trajectory of the train). Capitalism is rational, but with fundamental contradictions. And I think each bubble or boom and bust cycle proves both the rationality and contradictions more than brings it into question. But like the fundamental material rationality, not the mythology and liberal ideology to be clear.
I’d like to see this adjusted for share of GDP and for another industry whose R&D is so dominated by the USA to see if it always looks like this befor coming to any conclusions
I mean, the AI bubble is basically the whole ‘economy’ in the US now https://finance.yahoo.com/economy/article/the-ai-economy-business-investment-overtakes-consumer-spending-as-the-biggest-driver-of-gdp-growth-181709229.html
That’s just the growth, not the whole production
Sure, but manufacturing is something like 11% of the overall economy last I looked. Most of the US economy is other ephemeral stuff like the service industry.
The main danger of an AI crash is that it is extremely likely to spread to other sections of the economy.
A lot of banks have issued massive amounts of loans to Tech Companies participating in the current economic circle jerk, it’s likely if the AI bubble pops then these banks will lose hundreds of billions of dollars worth of liquid investments and this will likely force them to lean on credit card users (aka American consumers) to recouperate the lost capital.
Also it would likely force the US government to issue a substantial bailout, which, unlike in 2008, the US dollar is declining rapidly as a global reserve currency, with it being at around 45% today, while in 2008 it was around above 55%, which means that the US government will have a harder time printing money due to the fact most people are reluctant to purchase us bonds.
Oh for sure, most of the financial system is now deeply tied to the bubble. Once it pops, the whole house of cards is going to come crashing down because all the other sectors of the economy are already crashing. The bubble is the only thing holding the market up. On top of that, thanks to the war on Iran the demand for US dollar is dropping because you have to pay for oil out of the gulf in yuan now.