These bonzos want the world economy to collapse so there will be massive layoffs, allowing them to offer AI bots to companies and governments to replace human workers.
It will eliminate the weak meaning the companies in actual competitive markets, so monopolists like Amazon can buy them up and monopolize even more markets.
Yep. Trillion dollar companies are so huge that a deep recession only mildly impacts revenue.
Yeah, that’s why they do the whole greedflation thing, to make central banks raise rates, causing a slew of bankruptcies among the competition, making them ripe for a buyout.
The fact that it also destroys labour negotiating positions is a cherry on top.
Pissed off at Bezos betraying us all again? Consider not giving him your money and boycott Amazon.
Someone reading this message could cost them hundreds or thousands over the coming year by simply shopping elsewhere. That’s not nothing. There’s no doubt that Amazon is convenient, but it is possible to get along without them.
For Americans: in this time of rising fascism, it’s important to chip away at the pillars that are holding up the regime in the White House. This is one way to use your agency to have a measurable impact.
I just want to add to this that YOU DO NOT HAVE TO BOYCOTT SOMETHING COMPLETELY TO MAKE A DIFFERENCE.
It’s absolutely OK if you cannot 100% cut Amazon out of your life. It’s OK if you have to buy from them sometimes because it’s the only place you can find that particular thing you need.
You just need to stop making them your default. Check somewhere else first. Make that little bit of extra effort to see if maybe a local store has what you’re looking for.
If you reduce your spending on Amazon by 80%, that’s still a huge reduction. If enough people do that, they’ll be in serious trouble. And it’s a lot more manageable than an all or nothing boycott.
And if we could convince a hundred million people to reduce their spending Amazon by just 10%, that would have far more impact than a hundred thousand people cutting them out entirely. It’s better to set a lower standard that more people can engage with, especially because the more people develop that habit of not always going to Amazon first, the more it’s place in their lives will continue to shrink.
I call this “soft boycotting”. Reduce rather than remove. It’s far more sustainable as an option in your every day life, and it encourages people to actually engage with boycotting instead of writing it off because it feels like an impossible commitment.
CONSUMERS OF THE WORLD UNITE! ALL YOU HAVE TO LOSE IS CHEAP SHIT YOU DON’T REALLY NEED ANYWAY!
Well, that and some genuinely good media that they’ve locked down the rights to…
Unless… 🏴☠️
By virtue of my location, the Jolly Roger is the only way I can access most popular media.
Hey, piracy is illegal and could send you to pris-whboops trips on a nail folded up paper falls out of my pocket. Woah, little clumsy there. Hand me that paper will you? its a website i need to send a DMCA request to.
I dumped it on Jan 20 after seeing Bezos at Trump’s inauguration. Honestly, after the addiction wore off I don’t miss it at all. The biggest change I’ve noticed is I no longer impulse buy stupid shit I don’t need.
Unfortunately, it won’t make much of a dent at all. Amazon’s traditional goods business runs on very thin margins, and they can write it off. Their profit center these days is AWS, and there isn’t much you or I can do to boycott that.
That said, I have canceled Prime, and I only use Amazon for some hobbyist stuff that’s hard to get from literally anywhere else.
I so badly want to watch the new critical role animated series and conveniently buy and ship Christmas gifts this time of year. God damn it Bezos. All you had to do was not be fucking evil.
It’s always pathetic when someone who lives in a completely shielded Elysium accuses others of weakness while erecting barriers to prevent anyone from proving them wrong.
“Survival of the fittest! Let nature take it’s course!” ::nervously re-checks automatic locks::
To rich people, you are the weak. Remember that. This is genocide
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The wealth disparity is genocide and has been ongoing for decades. It doesn’t need to be men with guns or blades to be a genocide.
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Translation: I have enough money to weather this self-inflicted disaster. Do you?
He wants to buy everything remotely competition at scrap-bottom prices
I genuinely believe that this is why they crash the economy every now and then. We’ve had at least 4 economic catastrophes in the last 30 years…and they were all predictable and preventable.
But somehow, none of these very wealthy and successful people, were able to see the inevitable consequences of their own actions? Yeah. No. Not buying it.
Their wealth grows nearly exponentially each time. What a crazy coincidence huh?
It’s a feature…not a bug.
Or at least six months’ worth of rice, beans, sugar, spices, bottled water and other barterable items. Maybe candles and those butane cans for portable gas cooktops.
Crashes are good for people that have capital because it lets them buy things that people are forced to sell at a discounted price.
Not because it lets them sell ai. The goal is to snatch up cheap assets to sell when the economy recovers then do it all over again.
Crashes are good for people that have capital because it lets them buy things that people are forced to sell at a discounted price.
Facts. You don’t even have to be particularly rich to do it. I had a few thousand I’d saved over a decade in March 2020, used it to buy oil stocks at a 90% discount, then sold it two years later when things rebounded. It wasn’t ‘fuck you’ money, but it allowed me to pay off my student loans.
my personal plan is to gather as much capital as i can while this everything bubble goes wild (fuck it, look at total volume levels now vs…anytime last 30 years…nobody but degenerate gamblers and those that should know better are playing right now), then…go on a mass-building spree to drive down the price of housing.
high density, high-quality, affordable housing built for sale not rent, sold exclusively to long-time local residents and/or first-time home buyers. my hope is this crashes individual localized housing markets, as the local rent parasites cant find renters and since they probably took loans out on their properties to throw into the casino…
then i swoop in, buy their distressed property on the cheap, throw down even more high-density/quality, affordable housing for sale.
repeat until everyone has a home
Yep. It’s a fire sale for the 1%
Yeah, the OP’s comment is weird: it’s because what these types call “AI” not actually working properly in most environments (mainly because it makes critical, even deadly, mistakes with far, far higher frequency than even untrained humans) so adopters of the Technology are already suffering losses due to it and having to rollback their deployments of the “AI”, that the bubble will blow causing an US economy collapse because of how much Market valuation is tied up to the AI bubble and the massive misallocation of resources and investments linked to it (a local economic collapse which might or not spread to become “world economy collapse”).
An economic crash caused by the latest insanelly overhyped Tech grift turning out to not work at all at lowering costs for the adopters of that technology (quite the contrary) isn’t an opportunity to sell more of that very insanelly overhyped technology.
I would expect that, like last time around, the way the capital rich will benefit from an economic collapse is because they’ll be able to buy Assets on the cheap, whose values will then be propped up by Governments just like last time around (part of the reason why both realestate and stock markets quickly got back to beating records after the last world economic collapse)
Bezos needs to be reminded his flesh is as soft and squishy as the the rest of the weak.
Of course he’d say something like that, because he has literally nothing to worry about.
When it’s the big guys fucking up, it’s us footing the bill.
We’re subsidizing the building and operation of the data centers to take our jobs too.
if you think you can hide in your bunkers, or compound without paying people that are essentially slaves, they will easily turn on you in the end.
That’s what the AI guard dogs are for.
Plus also preditive AI and eye tracking to check for those thinking of turning on him.
They don’t repair themselves.
Says you
https://www.gutenberg.org/cache/epub/72890/pg72890-images.html#THE_MACHINE_STOPS
It’s been prophesized
I uh… have to take your word for it.
I don’t think the bookmark worked so it’s just a whole book for me.
I was just kidding though.
However long term thinking isn’t exactly these guys’ favorite. It tends to get in the way of them having a good time.
It is a book, short stories, The Machine Stops By E. M. Forester
The machine cannot self repair and breaks down after a time, eventually sparking revolution (and panic) among the people
He’s going to have real trouble proofing his air vents against cement as well.
I don’t think arrogance is the right strategy to deal with economic bubbles. With that said, I fully support Amazon’s arrogance in the face of AI Bubble because they have it coming.
Can it eliminate the work weak?
This guy buys things for a dollar and sells them for two dollars. He’s no smarty-pants, he just leveraged tech to track deliveries but some people refer to this as “logistical genius”, when it’s not. Local milk delivery was doing this pre-tech.
The last crash destroyed families and destroyed lifetimes of savings from the utter devastation of the fallout. My family never recovered and tragedy was the result. I know millions of families will never recover from that and there was no accountability at all. The occupy movement was a genuine working class movement against the criminal oligarchs who destroyed our economy. Unfortunately the book was thrown at the occupy movement and the well funded tea party movement and white nationalist movement was funded by the oligarchs and ignored by lawmakers. This all led to what we’re dealing with today. Families never recovered the cost of living keeps skyrocketing and we keep getting poorer. Unfortunately the correct counter movements get stamped out and the ones that blame minorities get funded and this is where we’re at today….we can’t move any further right we are at the end of the line. The oligarchs need us to fight eachother so they can justify the police state they’re building indefinitely. It’s like System of a Down said “they’re trying to build a prison for you and me to live in”
i dont think we truly recovered from the 08 crash to begin with, we just truncated it to something else. terms of job-wise yea it gotten harder since that time.
Agreed a most of the jobs created do not pay a living wage while cost of living skyrockets
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The Obama administration missed a real opportunity when they didn’t prosecute bankers
The fuck? Really?
I can’t figure out why. It is a mystery as fundamental as the ratio of the fundamental forces of the universe, we will never know.
I was in none other than Lehman Brothers during the last Crash and thus in the aftermath, still inside the Finance Industry and armed with some understanding of how that Industry worked, keenly observed both what the Obama Administration did and what the Cameron Government did (I was in the UK), and the Obama Administration very much did everything the bankers wanted and then some.
This wasn’t merely a refraining to doing a few things, this was activelly working with the very people who caused the Crash to make sure they were fine (in many cases, even better than before) after the Crash. It’s not by chance that all over the World (but more so in the US and UK) Asset Owners came back even wealthier than before whilst people whose income came from Work kept seeing their lot get progressively worse for at least a decade (in the UK, for example, years after the Crash, incomes of the top 10% by wealth of the population were going up in real terms 23% a year, whilst the rest saw their real terms income fall by 1.9% per year).
The actions of the Obama Administration are what’s behind the complete halt of Social Mobility in the US (which used to have more Social Mobility than Europe) and the current problems of poverty at the lower end of the social scale there, which in turn helped the rise of Far-Right Populism in the form of Trump.
Obama’s reaction to Occupy Wall Street wasn’t a “oopsie”, it was fully consistent with the kind of policies he was enacting, the section of society he chose to help and the sections of society he chose to sacrifice to fund that help, since he got elected and started tackling the consequences of the Crash.
I too had hopes about Obama, but seeing the choices he made, many going far, far (FAR) beyond what was necessary to protect the broader Economy (in some case actually sacrificing the future of the many to make sure the few did not at all saw their wealth go down) dispelled that hope and any illusions I had about him.
A while back there was a tainted milk scandal in China that impacted tens of thousands of children for life and killed several.
Have you noticed it hasn’t happened again?
It seems that executions (of which there were several) and prosecution/jailing of wealthy company owners (of which there were many) do have a deterrent impact after all.
Someone correct me if I’m wrong, but I believe that they did have to pay it back with interest…
Or maybe that was the auto bailout.
Well said. However, at this point I think they’ve already built the prison, and we’re already living in it.
True. It’s an old song
By weak he means less rich
I can’t wait for the purge of the billionaire class.
