←back to thread

120 points lsharkey602 | 1 comments | | HN request time: 0.206s | source
Show context
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.

replies(4): >>44423249 #>>44423467 #>>44423486 #>>44424230 #
chrisco255 ◴[] No.44423486[source]
Look at Nvidia (also US company) instead of Intel, it's what now, a $3T market cap? BTW, that capital was created, not hoarded. Many companies fade from glory or their peak at various times, but capitalism ensures that a dynamic and ever-shifting set of companies is thriving based on demand and efficiency. The train keeps going.
replies(2): >>44424349 #>>44424851 #
1. blibble ◴[] No.44424851[source]
"market cap" is not captial that has been created