Updated: Meta, the company behind Facebook and Instagram, has raised a firestorm in the media world with new commercial terms that appeared to give it broad authorization to scrape users’ web pages for product development and AI training. News coverage originated from a tip from The Steampunk Explorer.
They do when it includes the portion of the public with money.
And a lot of money is going to be lost, including rich people’s money. And that’s something that leads to consequences
How old are you? Do you not remember the 2008 financial crisis? Bankers committed fraud to the extent of causing a global financial crisis and recession. Who saw consequences for that? No one. The government just rewarded them with a bailout.
Yeah, because rich people didn’t lose money. I was there, I distinctly remember how they actually made massive profits while the rest of us suffered
There’s not enough money to bail out this bubble, it’s exponentially bigger. No one is going to buy $40 trillion of US bonds anytime soon, either we print money, and the rich lose through massive inflation, or we let nature take it’s course and the rich end up holding part of the bag