- cross-posted to:
- techtakes@awful.systems
- cross-posted to:
- techtakes@awful.systems
Surely it’s Good, Actually™️, that all available capital is being funneled into a single technology that makes no money and demands more infrastructure than God. Surely nothing will go wrong!
Ed Zitron said there’s not much venture capital left to keep this circus running. When is that going to happen?
Sometime this year, at current burn rates. But if they speed up their spending, sooner.
Right before midterm elections pretty please. Like 3 weeks before would be perfect. A massive crash with the normal support network in disarray from their stupidity. Triggering a 10 year long depression with up to 25% unemployment.
You know what happened after the last long lasting serious depression? FDR’s new deal - union rights, workers rights, social security, corporate regulations and all the other silly things that led to massive enlargement of the middle class at the expense of the extremely wealthy.
Never underestimate the willingness to keep the scam going further. An interest rate cut might well extend the whole charade into 2027.