The AI boom has turned the standard profit margin model on its head, according to Apollo Chief Economist Torsten Slok—and it’s making the industry’s growth unsustainable.
Just imagine a world in which the only products manufactured are exclusively chasing the dollars of wealthy investors. So like yachts, custom giant statues, kill drone perimeters, etc.
And then who buys the products 🫠
Just imagine a world in which the only products manufactured are exclusively chasing the dollars of wealthy investors. So like yachts, custom giant statues, kill drone perimeters, etc.
When we only have white cishet billionaires, we can abolish money.
Without the carrot there’s only the stick…
They buy products from each other, and shut out more and more people if society.
You see the homeless drug addict on the street? They want more of that.