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Boosted by fromjason ("fromjason.xyz ❤️ 💻"):
HeavenlyPossum@kolektiva.social wrote:
The proliferation of scam culture, then, is not just a product of technological change but also a rational response to late stage capitalism.
Capitalists compete, which risks profits.
In response, capitalists have chosen consolidation to mitigate the effects of competition, which has driven ever-increasing wealth inequality.
That inequality makes it harder for anyone not at the top, even less-successful capitalists, to get ahead.
And so some capitalists have turned entrepreneurially to scamming as a way of an asserting control over the income produced by workers that they could not control through the traditional process of owning firms and assets.
Because those are all already owned by the richest of the rich, or soon will be.
The AI bubble will burst eventually and cause immense suffering when it does, but just as NFTs weren’t the last major global scam, AI will just be replaced by yet another scam, and another, and another, until capitalism eventually collapses under its own weight.
https://newrepublic.com/post/192132/ocasio-cortez-everything-feels-like-scam
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