The AI boom has turned the standard profit margin model on its head, according to Apollo Chief Economist Torsten Slok—and it’s making the industry’s growth unsustainable.
Just imagine a world in which the only products manufactured are exclusively chasing the dollars of wealthy investors. So like yachts, custom giant statues, kill drone perimeters, etc.
And then who buys the products 🫠
They buy products from each other, and shut out more and more people if society.
You see the homeless drug addict on the street? They want more of that.
They buy products from each other and shut themselves from society.
Which is not a bad outcome.
Exchange still occurs globally and amongst the upper class.
The upper class doesn’t buy anything but stocks.
Just imagine a world in which the only products manufactured are exclusively chasing the dollars of wealthy investors. So like yachts, custom giant statues, kill drone perimeters, etc.
When we only have white cishet billionaires, we can abolish money.
Don’t forget about the other big players! Jensen Hwang, Lisa Su, Lip-Bu Tan, Satya Nadella, plus the memory cartel (Samsung, SK Hynix, etc.)
This particular war is a class war.
Without the carrot there’s only the stick…