russification of the economy ?
As a Russian, what’s that? If you mean oligarchy, you already have it. If you mean unseen parties holding power, you already have it. If you mean the down trajectory and deindustrialization, then perhaps a bit.
Comment on Is AI Facing a Trough of Disillusionment?
interdimensionalmeme@lemmy.ml 1 week agoWe have an enormous part of the population retiring right now, some are voluntarily working right now and hanging on.
But these people will sell their stock en masse once they retire to buy something more stable like bonds.
The only way the stock market can keep them is to increase the yield so much that they get FOMO and don’t convert to bonds just yet.
This raises the stakes and winds up the stock market but now you have a HUGE portion of the population holding back a literal TSUNAMI of liquidation.
If the yield drops, if the apparent value slips, they will sell, the price will drop faster they will sell even more, this is how the next recession will happen, we just can’t say when.
When prices crash,the oligarchs will be there to gobble up everything of actual value.
In short AI valuations are holding back the next recession, and if they don’t deliver … it might be a depression and russification of the economy ?
vacuumflower@lemmy.sdf.org 6 days ago
interdimensionalmeme@lemmy.ml 6 days ago
Your assesment is correct however the concentration of power has not yet reached the levels found in Russia, at least I don’t think so and as for the general readership they would disagree on whether this is really a problem at all yet, rather than just free market meritocratic competition
vacuumflower@lemmy.sdf.org 5 days ago
I think it’s pretty close, except there’s more pluralism of power.
interdimensionalmeme@lemmy.ml 5 days ago
I wonder if there would be, violent consolidations, forced mergers, corporation and regulators feeding on each other in a some kind of orgy of bureacratic excess
captainlezbian@lemmy.world 1 week ago
They’re also crashing the stability of bonds