So....I've been watching the news this morning and there's a lot of doom and gloom indicators about how bad the economy is. Jobs are down. Some of this is tariffs hurting consumption and some is AI. A lot of probably AI. AI is killing the entry level job market. AI is also driving the price of computing sky high. RAM is getting more expensive and is now 3.5x the price, SSDs are like 2x the price, and GPUs are expected to rise next year. People are suggesting we're witnessing the death of affordable computing if the AI bubble doesnt pop. AI is also affecting the price of electricity and making that go up too. I really hate this AI trend in some ways. Again, nothing against the tech but it seems highly destructive to the economy in its current form, at least with the aggression it's being pursued. Apparently consumer spending is down. Tariffs and inflation are just causing people to pull back. I saw an article today suggesting the switch isn't selling that well. Gee, I wonder why. Could it be you're charging $450 for an underpowered last gen console that's a poor value proposition vs a PS5? Honestly, I'm happy to see that silver lining. The businesses tried to push people for higher prices, and people are pushing back. Of course, most spending is driven by the top, which is why the computing industry is abandoning the little people. Some people are calling it the "whale based economy." What happens when a handful of all people have all the money? Everyone else becomes irrelevant and the economy is just a massive churn between these huge corporations selling to each other. That's what's happening now and why the AI thing is so terrible. While AI should, in theory, benefit everyone, without my policy prescriptions, all the money just goes to the top and everyone else gets shut out. Fordism is dead. The wealthy have won capitalism, and now it's like the system is eating itself, and we're all on the menu. It sucks. We really do need a new New Deal to fix this. Ugh.
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