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Late stage capitalism --- equity markets degenerate into thinly disguised ponzi schemes. Just like in a ponzi scheme, contractual obligations (aka debt) are no
by jqpabc123 3mo ago
Late stage capitalism --- equity markets degenerate into thinly disguised ponzi schemes.
Just like in a ponzi scheme, contractual obligations (aka debt) are now moving in a circular pattern among a handful of large AI players. And markets are accepting and treating this as "growth" --- all while the underlying business model is actually setting cash on fire.
And just like any ponzi scheme, this can't continue indefinitely.
https://247wallst.com/investing/2026/07/22/big-tech-is-hiding-1-65-trillion-in-debt-how-worried-should-investors-be/ https://247wallst.com/investing/2026/07/22/big-tech-is-hidin...
- marcusverus 3mo agoIs there anything more disingenuous that advocating for the involuntary destruction of all equity wealth by decrying occasional losses by consenting adults? I'm sure this kills on Reddit, though.
- jqpabc123 3mo agoIs there anything more disingenuous than advocating for Enron and Madoff style accounting and reporting gimmickry as being acceptable equity activity between "consenting adults"? https://finance.yahoo.com/technology/ai/articles/ai-sector-enron-sector-111500396.html https://finance.yahoo.com/technology/ai/articles/ai-sector-e... https://www.gadgetreview.com/five-tech-giants-are-using-enrons-accounting-strategy-to-conceal-1-65-trillion-in-ai-debt https://www.gadgetreview.com/five-tech-giants-are-using-enro...
- marcusverus 2mo agoWow, are AI companies using mark to market accounting to claim decades worth of future earnings as though they were already realized? Are they recalculating past deals to meet quarterly earnings targets? Are they using SPEs to hide off balance sheet debt? Or is "Enron accounting" just a bullshit scare term that you've been credulously repeating ever since you read it on "GadgetReview.com"?