Can I coin the term imagineomics?
Comment on The RAM shortage is coming for everything you care about
kingofras@lemmy.world 2 weeks agoIt’s called Imaginary Economics.
It tends to happen right before a capitalist system fails.
blah3166@piefed.social 2 weeks ago
boatswain@infosec.pub 2 weeks ago
[citation needed]
1984@lemmy.today 2 weeks ago
When has this happened before?
UnderpantsWeevil@lemmy.world 2 weeks ago
I’m not holding my breath.
We’ve been hearing about an AI crash practically since the hype train started.
vaultdweller013@sh.itjust.works 2 weeks ago
People can see the trends and see how it will probably break down in some way, the problem is that the market can stay irrational longer than we can stay solvent. It helps that these dipshits seem to have forgotten that money equals abstract resources and creating new resource issues that’ll certainly put pressure on them in a more direct way either through legislation or via sabotage of required infrastructure.
daddycool@lemmy.world 2 weeks ago
It’s the biggest bubble seen to date. It has all the characteristics, and it will crash eventually.
BreakerSwitch@lemmy.world 2 weeks ago
Is this a thing? Because what comes to mind for me is “the market can remain irrational longer than you can remain solvent,” which just happens sometimes
victorz@lemmy.world 2 weeks ago
How often does this happen that we can claim this correlation? 🤔
Venator@lemmy.nz 2 weeks ago
About once every 350 years… With a sample size of 3… 😅
victorz@lemmy.world 2 weeks ago
Better than no samples I guess!
Cocodapuf@lemmy.world 2 weeks ago
So you’re saying which empires/systems exactly then?
Spain perhaps? The Holy Roman empire?
Venator@lemmy.nz 2 weeks ago
I was averaging roman, British and Mongolian empires, based on Google AI summary, so take that with a pinch of salt 😅 🧂
kingofras@lemmy.world 2 weeks ago
It’s about to. The very nature of it, means you can only have a sample size of one.
victorz@lemmy.world 2 weeks ago
And when do you predict this will occur? When should I have built my nuclear shelter so I know when to start building it?
kingofras@lemmy.world 2 weeks ago
Too late for that I’m afraid. It already happened. It just takes a while before the [citation needed] folks understand that past performance is not a guarantee for future success.