Top 10% owns 93% of stocks and accounted for 55% of market activity in early 2025, before tariffs and mass layoffs and an unnamed recession. They’re probably at 60 -65% of revenue now. You’re absolutely right. The rich have been working to remove us from the equation for decades. In our buying power, and in our labor power with AI.
Comment on Consumer hardware is no longer a priority for manufacturers
antonim@lemmy.dbzer0.com 11 hours agoThis is an important point in general. The old story of “voting with your wallet” is now more and more obviously mathematically absurd.
nforminvasion@lemmy.world 4 hours ago
SnotFlickerman@lemmy.blahaj.zone 4 hours ago
and in our labor power with AI.
Let’s be real though, this is less about actually replacing workers with AI that is often completely wrong because it’s not actually “thinking” and doesn’t actually know what it is doing. It’s much more about using the specter of AI and over-hyped arguments about what it could do, given time, to justify workforce reductions and pay reductions.
It has far less to do with actually replacing workers with AI and far more to do with justifying worse working conditions and worse pay without as much social fuss over why.
AI has some very useful tightly-specific niche applications, but “general purpose AI” is a joke that isn’t going anywhere realistic at the moment.
nforminvasion@lemmy.world 4 hours ago
Oh I absolutely agree. LLMs are not going to achieve AGI, not even close. I don’t think this AI will replace us, but the ruling class want it to so badly. And they’re looking for ways to develop AGI as quickly as possible or something like it. Still, in the background of all the chatbot noise has been real development on drone ai technology, mechanical robot advancements, and other machine learning.
The reason the wealthy are fine basically burning money to continue developing any form of AI is that they are so excited and ready to hunt us for sport. These people HATE us for just existing in their presence and on “their” world. They don’t care that OpenAI is a money furnace, it has already allowed them to get many of us hooked on AI psychosis, poison internet discourse with propaganda and disinformation, and steal trillions of creative works to hoard and eventually control all information. I think some of them are dumb enough to believe the bs about llms becoming advanced ai ready to replace all of us. But even if not, they still have gained so much out of it.
Still, don’t let yourself believe they’re not working on every possible means to develop ASI/AGI. The fact that we even still have a say over labor and can threaten that against them, is anathema to them. We should be slaves or dead. And we are running out of time to use that labor bargaining chip, after that is gone, only manpower and physical numbers are left, and they control all the militaries and firepower…
SnotFlickerman@lemmy.blahaj.zone 3 hours ago
Oh absolutely, part of the reason the CEOs of the world buy into the AI hype is because they’re so desperate to get their slaves back. Slaves that never need to sleep, or take time off, or demand pay increases or better treatment. AGI is their fucking wet dream of a perfect slave that will never push back.
tomiant@piefed.social 3 hours ago
I always hated that fucking saying. No, you vote with YOUR VOTE. If you vote with your dollars the man with a billion dollars has a billion votes more than you do.
realitista@lemmus.org 10 hours ago
You can only vote with your wallet if there’s something in it.
tomiant@piefed.social 3 hours ago
Which is exactly why conservatives want to push that line of ideology, because in a democratic society we all have equal say, but under capitalism the landowning aristocrat class become de facto lords and kings. Which is exactly what we are seeing happening right now.
It’s the same bullshit they say about wanting “small government"- no, they want no government, not a democratic one at least, because that is the only thing keeping them from wielding their capital as a political tool, something it is already feebly equipped to do because of the power inherent in capital and unregulated ownership. Low taxes- same thing; high taxes are an equalizer that aims to create benefit for all of society together, low taxes, as conservatives always want, mean proportionally more for those who are already most well off.
On a long enough timeline, capitalism will always and causally turn into a form of feudalism. Shit, it IS feudalism, with extra steps.
CheeseNoodle@lemmy.world 3 hours ago
Happening? don’t you mean happened? Most top politicans come from the same familys and schools and have done for significantly longer than I’ve been alive.
tomiant@piefed.social 1 hour ago
We are feeling the brute force of what you are saying right now on a scale previously not seen. Of course this has been a generational play, that lies at the core of feudalism and patriarchal rule- inheritance of wealth.