• Sign in
  • Sign up
Elektrine
EN
Log in Register
Modes
Overview Chat Timeline Communities Gallery Lists Friends Email Vault DNS VPN
Back to Timeline !technology @humanspiral
In reply to 2 earlier posts
@alphacyberranger@sh.itjust.works on sh.itjust.works Open parent
Open parent Original URL
917
1
207
@Randelung@lemmy.world on lemmy.world Open parent
This bubble is going to become the entire market, isn’t it. Until it becomes too big to fail because 80% of the workforce is tied up in it. Then it is allowed to pop, costing the western world everything, all going into the pockets of the super rich, and we get to start over.
Open parent Original URL
118
0
19
6
humanspiral in !technology
@humanspiral@lemmy.ca · Dec 15
it becomes too big to fail because 80% of the workforce is tied up in it In 2008, banking sector and auto industry needed bailouts for the investor/financial class. Certainly, there was no need to layoff core banking employees, if government support was the last resort to keep the doors open AND gain controlling stake over future banking profitablity in a hopefully sustainable (low risk in addition to low climate/global destruction) fashion. The auto bailout did have harsher terms than the banking bailout, and recessions definitely harm the sector, but the bailouts were definitely focused on the executives/shareholders who have access to political friendships that result in gifts instead of truly needed lifelines, or wider redistribution of benefits from sustainable business. The point, is that workforce is a “talking point” with no actual relevance in bailouts/too big to fail. That entire stock market wealth is concentrated in the sector, and that we have to all give them the rest of our money (and militarist backed surveillance freedom) or “China will win” at the only sector we pretend to have a competitive chance in, is why our establishment needs another “too big to fail moment”. We’ve started QE ahead of the crash this time. Work force is relatively small in AI sector. Big construction, but relatively low operations employment. It displaces other hiring too.
View on lemmy.ca
6
0
0
Sign in to interact

Loading comments...

About Community

technology
Technology
!technology@lemmy.world

This is a most excellent place for technology news and articles.


Our Rules
  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots
  • @L4s@lemmy.world
  • @autotldr@lemmings.world
  • @PipedLinkBot@feddit.rocks
  • @wikibot@lemmy.world
83917
Members
18823
Posts
Created: June 11, 2023
View All Posts
313k7r1n3

Company

  • About
  • Contact
  • FAQ

Legal

  • Terms of Service
  • Privacy Policy
  • VPN Policy

Email Settings

IMAP: mail.elektrine.com:993

POP3: pop3.elektrine.com:995

SMTP: mail.elektrine.com:465

SSL/TLS required

Support

  • support@elektrine.com
  • Report Security Issue

Connect

Tor Hidden Service

khav7sdajxu6om3arvglevskg2vwuy7luyjcwfwg6xnkd7qtskr2vhad.onion
© 2026 Elektrine. All rights reserved. • Server: 12:32:01 UTC