It is 'nearly unavoidable' that AI will cause a financial crash within a decade, SEC head says

L4sBot@lemmy.worldmod to Technology@lemmy.world – 260 points –
It is 'nearly unavoidable' that AI will cause a financial crash within a decade, SEC head says
businessinsider.com

It is 'nearly unavoidable' that AI will cause a financial crash within a decade, SEC head says::undefined

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So, how do we engineer a situation in which the richest suffer most? End of capitalism?

Greatly increasing taxes for the super wealthy and closing tax loopholes would be a good start.

If they haven't done all this until now, what makes you think they'll do it then?

The rich will get off unscathed with a blank canvas to work on, and the poor will pay the price, just like with every other market crash.

Invent a system of money in which they are no longer in control of it.

Historically riots, mobs, and terror have been the answer. See the origins of the luddites, saboteurs, the French revolution(s), the socialist movement, etc.

The luddites failed and the French revolutions ended poorly for everyone. Not exactly the best examples to draw from if you are trying to encourage violent rebellion.

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