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It's bizarre that some of the doomsayers are AI stakeholders. It's like they don't realize that most people don't have net worth in the 7-8 figures.

I console myself with the fact that without a functioning economy, AI will implode since capital will dry up. Then all of the investment in data centers, R&D, etc. will never be recovered. Then we'll be back to rational thinking? Maybe?

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Yeah, but it doesn’t implode all at once - it’s not distributed evenly.

Something like over half of the US consumption is done by the top 10%, or something insane like that. This leads me to believe that a lot more people will eat shit, before enough feel real pain.

Yes, it will take longer but all value comes from labor, so the consumption of the wealthy is literally produced by the working class. The rich can't eat money.

Also, data centers, chips, and energy require massive working-class supply chains, and enterprise AI revenue depends on customers whose own revenue depends on regular consumers.

They realize it, and they don't care.

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