No, see, I'm making the opposite argument. This is not a bubble, this is a deliberate play by capital owners to increase returns on capital to the detriment of

No, see, I'm making the opposite argument. This is not a bubble, this is a deliberate play by capital owners to increase returns on capital to the detriment of labor. Much like "the cloud" before. The increased capital intensity in software was inevitable and it has accelerated since 2022.