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> I would argue that nothing about the current AI industry is actually capitalist at all. What? Where do you think all of the capital they are burning to stay
by xboxnolifes 4mo ago
> I would argue that nothing about the current AI industry is actually capitalist at all.
What? Where do you think all of the capital they are burning to stay afloat comes from? I'll give you a hint, it's from the capitalists.
The ideal of capitalism is that optimizing for profits means growth. But the fundamentals of capitalism means that, since capitalists own the means of productions, they can do whatever they want with it.
- overgard 4mo agoSo like, remember in 2008 when we had to bail out the major banks because they had failed so hard -- but for the common person it was "oh, well, you made a bad decision so tough luck, we're taking your house." In that case it was socialism for the big companies (where do you think the bailout money came from?), harsh capitalism for everyone else. It's the same thing with AI right now. Oh, you guys need another trillion to burn and you have no plan for profitability? Here's a blank check! Oh, your job is going to be eliminated and we have no coherent answer for what you should do next, because we want to take that job too? Not our problem.