• pulsewidth@lemmy.world
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    8 hours ago

    It’s literally 1/4 of the entire worlds stock market and superannuation and investments now… And a lot more in derivatives (bets on how the future will pan out).

    So… the entire world’s leaders and financial industry is either FOMO or holding, and throwing stuff into the cash fire in the hope the flame doesn’t go out and tank the entire world in a financial disaster that’ll rival that of 100 years ago.

    Its beyond reckless.

    Even if the cookers are right and AI pans out and it does replace 30% of jobs or something - congrats, leaders and finance dregs, now you have an entirely new disaster to deal with that you funded.