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by rhetocj23 248 days ago
Theres a phrase for this. Financial engineering.
2 comments

The difference this time is that it's global coordinated collusion, and it's not just the superwealthy, it's states that are willing to go all in on this. If you thought the banks were too big to fail, the result here is going to be a nationalization of AI resources and doubling down.
In other words they are stealing capital from the rest of the economy. Starving it.