When nVidias bet on AI collapses eventually, it will be catastrophic cascade of events, worse than the Great Depression.
They always do. Get bailed out by the government using taxpayers money. If it was truly capitalism they would be left to rot by the side of the road.
C1pher@lemmy.world 1 day ago
finitebanjo@piefed.world 21 hours ago
I think the nVidia bubble is pretty inconsequential since they don’t actually produce anything which people rely on to live a normal life.
If we do degrade that far it will be because of Republicans reigniting WWII fascism.
Someonelol@lemmy.dbzer0.com 1 day ago
It’ll be as cathartic as it’ll be catastrophic. I’m personally looking forward to the devastation this folly will bring, if only to see PC parts makers come back to the consumer market with hat in hand.
MurrayL@lemmy.world 1 day ago
Except there won’t be much of a consumer market to come back to, due to the aforementioned economic devastation.
anomnom@sh.itjust.works 1 day ago
And they want us all in the cloud so they can control and see it all. Can’t do that if you can keep your data on the pc in your basement.
Broadfern@lemmy.world 1 day ago
Privatize the profits, socialize the losses.
vega208@sh.itjust.works 3 hours ago
Vote for Hillary Clinton over Bernie Sanders!
🤡🇺🇸