Tesla falls 10%, Alphabet sinks 5% as AI spending concerns spook investors

Please pop soon please pop soon

Be careful what you wish for.

I’m no fan of AI, but the combination of swingeing tariffs and the 1929 crash lead to the Great Depression. We didn’t have that happen in 2000 when the dotcom bubble burst because adults were in charge of the American finance system. that is no longer the case.

The orangutan has already pushed the American economy to the brink, the inevitable bursting of this bubble is going to decimate the US, and unfortunately the size of the US economy means that will flow onto the rest of the world. Unless you are in a country that close enough to no trade with the US and limited international financial dependencies you will be severely impacted. North Korea fits the bill but I don’t really want to move there.

economy to the brink

bubble burst

going to decimate the US

Please, stop, I can only get so wet

On a more serious note I think not only will this happen at some point, there is no way to avoid it. Either capitalism continues unchecked until we wipe ourselves out, or we fight to replace it. Even if we do keep capitalism and somehow don’t wipe ourselves out it naturally creates a cycle of societal abuse so these bubbles and depressions will continue

I think of hill climbing algorithms a lot. Basically you look in your immediate vicinity and if you see something better you go that way, and you keep doing that until every direction you look is down meaning you’ve reached the top of your hill. The problem is you can’t necessarily tell if you’re at the highest peak or not just that you’re at a peak. To get out of that local peak and to something better you have to go downhill. Most systems that seek incremental improvements have this problem. I think we did the peak capitalism already and it is time to go downhill in search of a better peak. “It gets worse before it gets better”

In my opinion, the best we can do at this point is prepare for the global shitshow as best we can. Build community, move away from capitalism and the US, then try and stay course toward something better while it is going to shit around us. It would be great if we could prepare enough to prevent as much suffering as possible but we’ve gotten backed into a corner and are on a very serious timer before the planet is broken for good; so I don’t know what the balance is between preparing and ripping off the bandaid