Comment on AI contributes to inflating global debt, already approaching $346 trillion or 310% of GDP

obinice@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

• panda_abyss@lemmy.ca ⁨3⁩ ⁨weeks⁩ ago

   ever wonder why why we stopped talking to Pluto?

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• WanderingThoughts@europe.pub ⁨3⁩ ⁨weeks⁩ ago

  Future Earth of course. We’re paying that down for the next century like bad student loans.

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• Aceticon@lemmy.dbzer0.com ⁨3⁩ ⁨weeks⁩ ago

  Mainly the poorer owe that to the richer.

  Also the richer owe that to each other.

  The last part could sorta be unwound in a more or less peaceful way (though very interventionist and the amounts involved are so large that we would see an ever worse explosion of corruption than so far), but the first part would require a Revolution that tore down all existing ownership structures.

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• captainlezbian@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

  This one but in the now/future. Basically a lot of money was printed to pay for things but in order to not cause inflation we had to create debt to destroy that money in the future.

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• boonhet@sopuli.xyz ⁨2⁩ ⁨weeks⁩ ago

  Honestly it pretty much gets generated out of thin air to start with and then everyone further loans the same money around to eachother.

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• Goodlucksil@lemmy.dbzer0.com ⁨3⁩ ⁨weeks⁩ ago

  We owe it to each other, or to the oligarchs.

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