Comment on A tangled web of deals stokes AI bubble fears in Silicon Valley
bystander@lemmy.ca 1 week agoRich people (top 10-20%) are either financially smart or have financially smart people advising them. They will be well diversified in all asset classes. And will have a lot of liquid capital ready to buy after the bubble bursts. And also keep themselves fat and well fed. The wealth transfers up.
lowleekun@ani.social 1 week ago
You are of course right as enough market crashes and crisis have shown.
In the end it will have to be too miserable for a large percentage of the population with enough freedom to resist. Sadly governments everywhere are working very hard at mitigating the possibilities of resistance.