this post was submitted on 07 Feb 2026
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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.
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. Especially if we have to burn down our planet burning up fossil fuels to power software that is only doing a best guess of what the next string of text should be.
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...
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.