Except it's 17x larger & will take the entire US GDP with it.
this post was submitted on 11 Oct 2025
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The GDP issue is not because of the AI bubble, it's because of tariffs and the complete destruction of US soft power abroad
And I would almost bet the crash will be about the time the Dems take power, just so the Republicans can whine about the situation they created and blame the Democrats for it.
The problem with this theory is that it assumes Republicans will give up power to allow the Democrats to govern.
The part of Republicans blaming Democrats is spot on.
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From the entry for "zaibatsu" on Wikipedia:
Under the Allied occupation after the surrender of Japan, a partially successful attempt was made to dissolve the zaibatsu. Many of the economic advisors accompanying the SCAP administration had experience with the New Deal and were highly suspicious of monopolies and restrictive business practices, which they felt to be both inefficient, and to be a form of corporatocracy (and thus inherently anti-democratic).
The only difference? The zaibatsu actually diversified their operations.
And that is why Yamaha makes everything from musical instruments to motorcycles
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doesn't look a goddamn thing like the housing bubble
I suppose similar in the sense that the housing bubble involved a bunch of rich idiots speculating on bad debt that had been vaguely washed to make it look good and now we have a bunch of rich idiots speculating on AI based on vague promises that it'll be good.
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It's objectively a bad thing when a country's entire economy is being propped up by seven companies and the vast majority of consumer spending is concentrated in the top 1%.
Specially when those companies are valued in TRILLIONS. Nothing is worth trillions, somehow these surreal numbers have been accepted as hard fact.
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But where is Palantir on this? Because they're discernibly connected to several of these orgs, and that displays the character of what this is actually about.
I'll just wait for the movies to come out ten years later telling us exactly how they all lost our money again.
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Looks more like the dot com bubble to me.
Is it just me, or are the bubbles coming closer together these days?
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