Uh-oh, Reality is knocking at the door, asking why it has been ignored for so long....

#AIBubble #Economy #JPMorgan #WallStreet #DanielPinto #TechBros #SiliconValley

Is it finally happening?

Sounds like they're saying they're "too big to fail", doesn't it?

That's a definite sign of the bubble popping, the Rich reminding everyone that they must be bailed out above everyone else.

#AIBubble #TechBros #SiliconValley #Economy

Uh-oh, Reality is knocking at the door, asking why it has been ignored for so long....

#AIBubble #Economy #JPMorgan #WallStreet #DanielPinto #TechBros #SiliconValley

Is it finally happening?

Sounds like they're saying they're "too big to fail", doesn't it?

That's a definite sign of the bubble popping, the Rich reminding everyone that they must be bailed out above everyone else.

#AIBubble #TechBros #SiliconValley #Economy

"Yesterday, I published an article that began:

'Welcome to the Great AI Bubble, a metastasized trillion dollar tech tumour so massive it’s practically visible from space.'

And today, in a strange bit of timing, news lands that Peter Thiel - the closest thing the modern world has to a real-life Bond villain - has dumped his entire holding in Nvidia, the chip manufacturer."

~ Carole Cadwalladr

#AI #StockMarket #PeterThiel #broligarchy #TechBros #SiliconValley
/1

https://broligarchy.substack.com/p/peter-thiel-gets-out-of-dodge

"Yesterday, I published an article that began:

'Welcome to the Great AI Bubble, a metastasized trillion dollar tech tumour so massive it’s practically visible from space.'

And today, in a strange bit of timing, news lands that Peter Thiel - the closest thing the modern world has to a real-life Bond villain - has dumped his entire holding in Nvidia, the chip manufacturer."

~ Carole Cadwalladr

#AI #StockMarket #PeterThiel #broligarchy #TechBros #SiliconValley
/1

https://broligarchy.substack.com/p/peter-thiel-gets-out-of-dodge

"Welcome to the Great AI Bubble, a metastasized trillion dollar tech tumour so massive it’s practically visible from space.

If you haven’t heard of this yet, it’s not because you're not paying attention."

~ Carole Cadwalladr

#broligarchy #AI #economy #media #corruption #TechBros
/1

https://broligarchy.substack.com/p/the-great-ai-bubble

"They think that the magic of words will always save them, that there will always be a next grift, that no crisis is so great that it cannot be turned to personal profit. This is true right up until the moment when it is not."

#Trump #JDVance #ElonMusk #PeterThiel #TechBros #broligarchy #grift #corruption
/6

"Because they are inside a grift bubble, they push for authoritarianism in their own interest, without reckoning with the possibility that their actions can wreck the country. For them, America is a limitless passive resource. ...

The president and vice-president do not know the history of people like themselves, or that of other republics that were needlessly brought down by men of their particular sort."

#Trump #JDVance #ElonMusk #PeterThiel #TechBros #broligarchy #grift #corruption
/5

"How does a country burst? To answer this questions, it helps to see matters as do the president and the vice-president: from inside a grift bubble. ...

This end of the United States is possible, in part, because our president and vice-president think that it is impossible."

~ Timothy Snyder

#Trump #JDVance #ElonMusk #PeterThiel #TechBros #broligarchy #grift #corruption
/4

https://snyder.substack.com/p/the-grift-bubble

"Information flows through platforms owned and controlled and manipulated for their ends by these same men. And shocks to the system are exactly what the disaster surveillance capitalists want."

#broligarchy #AI #economy #media #corruption #TechBros
/3

"It’s because the media is part of the same mystical amalgam of bullshit and vibes that’s keeping the whole thing afloat, a circular economy of access journalism and tech hyperbole that masks something stinking and rotten at its core: OpenAI. …

The opposite of a lack of news and information is not truth or justice or even transparency, it’s chaos."

#broligarchy #AI #economy #media #corruption #TechBros
/2

"Welcome to the Great AI Bubble, a metastasized trillion dollar tech tumour so massive it’s practically visible from space.

If you haven’t heard of this yet, it’s not because you're not paying attention."

~ Carole Cadwalladr

#broligarchy #AI #economy #media #corruption #TechBros
/1

https://broligarchy.substack.com/p/the-great-ai-bubble

#BernieSanders Lays Out Plan to Fight #Oligarchy as Wealth of Top #Billionaires Passes $10 Trillion

"If there was ever a moment when #progressives needed to communicate our vision to the people of our country, this is that time," wrote Sen. Bernie Sanders. "Despair is not an option."

Jake Johnson
Dec 31, 2024

"A Bloomberg analysis of billionaire wealth published Tuesday found that the combined fortunes of the 500 richest people on the planet surpassed $10 trillion this year, a finding that came shortly after U.S. Sen. Bernie Sanders issued an urgent call to action to prevent the emergence of 'an oligarchic and authoritarian society.'

"The new analysis notes that the world's top 500 billionaires 'got vastly richer' this year with the help of "an indomitable rally in U.S. technology stocks."

"Just eight billionaires— #ElonMusk, #MarkZuckerberg, #JensenHuang, #LarryEllison, #JeffBezos, #MichaelDell, #LarryPage, and #SergeyBrin—added more than $600 billion to their collective wealth in 2024 and accounted for 43% of the $1.5 trillion increase in net worth among the world's 500 richest people, according to Bloomberg.

"'But it was Musk—the so-called 'first buddy' of President-elect Donald Trump after unprecedented support for his reelection campaign—who dominated the world's wealthiest in 2024,' Bloomberg observed, adding that Trump himself also saw his fortune surge to a record high this year, 'boosted by the performance of his majority stake in Trump Media & Technology Group Corp.'

"Musk's use of his enormous fortune to influence the U.S. political system—including via his purchase of one of the world's largest social media platforms and donations to Trump's 2024 campaign—amplified existing concerns about the corrosive impact of massive wealth concentration on democracy.

"And #WealthInequality in the U.S. could soon get worse, with Trump and the incoming Republican-controlled Congress set to pursue another round of tax cuts for the #UltraRich and large #corporations."

Read more:
https://www.commondreams.org/news/bernie-sanders-billionaire-wealth

#TaxTheRich #EatTheRich #Oligarchy #CorporateColonialism #Corporatocracy #Authoritarianism #TechBros #CapitalismMustDie

@heiseonline Danke für diesen Kommentar. Deklaratorisch sind wir schon länger auf dem Weg in die digitale Souveränität. Aber angesichts der Übermacht von #bigtech fehlt allenthalben die Vorstellungskraft, wie es gelingen könnte. Das #Fediverse beispielsweise ist so attraktiv für Viele, weil es sich nicht dem #mainstream beugt und nicht von Profitinteressen gelenkt wird. Skalierung hier würde aber bedeuten, es entsprechend umzubauen. Sobald es aber den #techbros gefährlich würde...