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120 points lsharkey602 | 1 comments | | HN request time: 0.204s | source
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honkycat ◴[] No.44423200[source]
It's not AI. We are in a recession caused by fear and instability.

Tech may just be dying in general.

This could finally be the collapse we have been waiting for.

While the US was allowing capitalists to hoard all of the USs excess capital, China was facilitating the development of important industries via central planning.

Look at Intel. The owning class has become so greedy and incompetent. They aren't even running functional companies anymore: just grifting for government money then using that for stock buybacks.

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skirge ◴[] No.44423249[source]
stupid government is the root cause - and government is chosen by voters and does what voters want it to do. China is monarchy and monarchs listen to no one.
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1. eru ◴[] No.44423809[source]
Even a dictator needs the (implicit) consent of at least some of the people to stay in power. You can't do everything by yourself.

However I agree that democracies around the globe mostly work, in the sense that voters get what they are voting for.