That's a small part of it. The largest part of rising costs is mismanagement of the economy, in the past via inflationary debt plus runaway national debt, and the present overspending while kicking the can by borrowing more. The fed has lost control of the economy through rate locks freezing home prices, while inflationary forces drive them higher, and the hyper-consolidation of wealth while minimum wage sits under 10$ an hour. This is ripe for a societal collapse in the next few decades.
AI is funded by the consolidated wealth, ofc, so it dovetails as a scapegoat.
yawnxyz · · focus · HN ↗
Supermancho · · focus · HN ↗
That's a small part of it. The largest part of rising costs is mismanagement of the economy, in the past via inflationary debt plus runaway national debt, and the present overspending while kicking the can by borrowing more. The fed has lost control of the economy through rate locks freezing home prices, while inflationary forces drive them higher, and the hyper-consolidation of wealth while minimum wage sits under 10$ an hour. This is ripe for a societal collapse in the next few decades.
AI is funded by the consolidated wealth, ofc, so it dovetails as a scapegoat.
yawnxyz · · focus · HN ↗