State collapse is inevitable when a society’s leaders are insulated from the negative consequences of their bad decisions.
Mike Shelby
…and when the economics of data centers collapse, what happens to our 401k’s, annuities, pensions? Sounds like 2008 financial crisis, Wall Street takes the risk, Main Street (us) bails them out.
Moral Hazard: The concept that a party insulated from risk may take excessive risks, knowing they won’t bear the full consequences (e.g., banks making risky loans because they expect a government bailout).
This should be illegal, but its called investment.
While your comment is sound Crawfisher, isn’t the AI powered Techno-Tyranny a bit more important than “our Retirement Money”?
Central Bank Money is controlled by the AI. “Sorry comrade, your social score isn’t high enough to buy gasoline, can I suggest a struggle session to improve your score”?
Realistically Fiat money is at the will and whim of the Government (Looking at Canada shutting down credit cards and banking to those Truckers) already but it’s harder to enact than an AI decision about your Social Score.
Cash in hand isn’t very controllable by Gov.com. E-Dollars PLUS AI is Stalin’s wet dream of control.
We the people be in TROUBLE and much sooner than our “Grandchildren” timeframe.
In a perfect world this news would cause us all to withdraw our savings and retirement funds and put them under the mattress or bury them in the back yard. Alas … this is not a perfect world.
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