Production must equal Consumption plus investment.

An excess of production leads to companies closing down.

Reducing consumption (via getting rid of workers, reducing wages, etc.) will lead to an imbalance that must correct itself.

This can be forestalled by private debt, government debt or exporting the surplus but this is unsustainable.

Fartificial Intelligence

Sooner.

None of these AI applications are making money and unlike earlier IT companies (Amazon, Google search, social media site, etc ), the marginal cost of each additional user isn’t near zero.

They are having to invest hundreds of billions to cope with demand for applications which lose money on each use.

It’s a $50 billion dollar industry priced as a trillion dollar industry.

To be fair, the Chinese are investing huge amounts into renewable energy.

👋

Yeah, the constant negative circlejerking on Lemmy is getting pretty tiresome.

More competition is better.