Ed Zitron - The Enshittifinancial Crisis

[genxlib]

6. That dude needs a hobby

But I am glad he is willing to take that deep of a dive to inform others.

Incredibly in-depth piece worth the read.

The irony is that the probable market bubble crash he describes is probably the best possible outcome.

It will be immeasurably worse if there actually is a future that needs that much computing power.

The damage it will do to the human labor workforce and the environment will be much worse than losing money for wealthy investors.