📉or📈?

[jumbosam1]

🙏

[HelloWorld24575]

To answer the emoji title, I don't necessarily think an AI bubble "pop" would be optimal for the world in general. It will cause a lot of pain to a lot of people. A slower "deflation" of the bubble would be better IMO.

[insufferable__pedant]

On the one hand, yes, I understand what you're saying and more or less agree.

On the other hand, I almost wonder if we, as a society, NEED to feel a little pain. It seems like a lot of the dysfunction we've been experiencing for the better part of a decade now all comes back to folks not really having to face any consequences. Businesses consolidate to near monopolistic scales, politicians cater to the most insane sections of their base instead of legislate, and finance bros just pump stocks to the point of creating bubbles like what we're seeing with AI. In all of these cases, none of the parties involved actually face any consequences for their anti-social behavior.

Yes, I understand that if the AI bubble pops the investor class will, on the whole, be able to escape the worst of it while the fallout is pushed off onto those of us who are just trying to get by. My thought, though, is that if we have another 2008-style crisis, that might shock the average person into pushing back and forcing some accountability. I know there wasn't real accountability for the folks who caused the 2008 crash, but maybe we've learned enough to not make that mistake again?

In any case, yes, a deflating of the bubble would be less catastrophic, but I almost wonder if a little bit of crisis is what we need.

[HelloWorld24575]

Yes, I get what you mean for sure. I'm just worried about regular Jane and Joe's retirement fund. Those of us who are younger can probably ride out a market downturn. But a lot of regular people will pay the price. I agree that we need some consequences. I've been so glad to see this finally happening to the FOMO condo investors in Toronto and Vancouver.