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The AIs they created were and are also basically the largest scale of fraud ever perpetrated on the people of the world. They told us it was intelligent. They told us it was super-intelligence. They told us it was conscious. They told us it was learning on their own. They told us it could do anything we ever dreamed of. They told us it would do all our jobs. They told us it was dangerous. They told us it could destroy the world. They told us that our enemies would use it. They told us it would accelerate exponentially. They told us it was the future.
It was all a scam, a disingenuous, dishonest fraud to bilk investors, governments, and ultimately the people of the world out of money that could’ve saved, fed, clothed, housed, healed, protected and supported millions, money that could’ve been used to slow down climate change, money that could’ve been used to deliver justice. Instead used to pile electronics into huge concrete boxes so they can burn fossil fuels for no good reason using loans to cover the losses of actually providing the services just so the illusion of these things being useful can be maintained. The money was just burned, tossed into jet turbines and turned into greenhouse gases and nothing else of value. Instead of helping with climate change, they contributed to it. For nothing. For selfish, myopic, temporary vanity.
We will never get that money back. We should try to claw it back from the crooks and the liars who took it, but I’m not naive, it won’t work. They will not make amends. They won’t be punished, not meaningfully. They are too big to fail. The economic growth must go on, no matter how fictional. The money is gone. And a big chunk of our future with it.
The entire billionaire class (and a large chunk of multi-millionaires) got rich through financialization. That is rent-seeking through fraud. They hacked the economy and gave themselves mass riches without producing anything, and often causing a lot of destruction. We tried to pass laws to stop these shenanigans but then they captured government and repealed them.
In contrast, the gilded-age industrialists actually drilled oil, smelted steel and built cars. But this isn’t at all to say they weren’t nefarious. They were. And JP Morgan was known to be as ruthless as Jeff Bezos or Elon Musk. He even scared Carnegie a bit.
We really need to figure out how to push class consciousness. We need to recognize that our plutocratic class plundered their way to the top. Worse yet, they started of upper class, and just sought riches for sake of greed.
The AIs they created were and are also basically the largest scale of fraud ever perpetrated on the people of the world. They told us it was intelligent. They told us it was super-intelligence. They told us it was conscious. They told us it was learning on their own. They told us it could do anything we ever dreamed of. They told us it would do all our jobs. They told us it was dangerous. They told us it could destroy the world. They told us that our enemies would use it. They told us it would accelerate exponentially. They told us it was the future.
It was all a scam, a disingenuous, dishonest fraud to bilk investors, governments, and ultimately the people of the world out of money that could’ve saved, fed, clothed, housed, healed, protected and supported millions, money that could’ve been used to slow down climate change, money that could’ve been used to deliver justice. Instead used to pile electronics into huge concrete boxes so they can burn fossil fuels for no good reason using loans to cover the losses of actually providing the services just so the illusion of these things being useful can be maintained. The money was just burned, tossed into jet turbines and turned into greenhouse gases and nothing else of value. Instead of helping with climate change, they contributed to it. For nothing. For selfish, myopic, temporary vanity.
We will never get that money back. We should try to claw it back from the crooks and the liars who took it, but I’m not naive, it won’t work. They will not make amends. They won’t be punished, not meaningfully. They are too big to fail. The economic growth must go on, no matter how fictional. The money is gone. And a big chunk of our future with it.
What a waste.
The entire billionaire class (and a large chunk of multi-millionaires) got rich through financialization. That is rent-seeking through fraud. They hacked the economy and gave themselves mass riches without producing anything, and often causing a lot of destruction. We tried to pass laws to stop these shenanigans but then they captured government and repealed them.
In contrast, the gilded-age industrialists actually drilled oil, smelted steel and built cars. But this isn’t at all to say they weren’t nefarious. They were. And JP Morgan was known to be as ruthless as Jeff Bezos or Elon Musk. He even scared Carnegie a bit.
We really need to figure out how to push class consciousness. We need to recognize that our plutocratic class plundered their way to the top. Worse yet, they started of upper class, and just sought riches for sake of greed.