>It's clear that American capitalism and AI are now fully intertwined.

in what world is that clear lol, American capitalism will do just fine, if the AI companies go down before they can offload all their crap on retail investors the lion's share of the losses will go to the private investors currently writing checks.

The broader banking system isn't exposed, the housing market isn't exposed, the average American would take a 10% hit of on their retirement account but that'd be it. It'd wipe out a fair amount of the tech sector but they're all sitting in California and don't win anyone elections so no point to bail them out