45
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 11 Dec 2024
45 points (95.9% liked)
technology
23380 readers
111 users here now
On the road to fully automated luxury gay space communism.
Spreading Linux propaganda since 2020
- Ways to run Microsoft/Adobe and more on Linux
- The Ultimate FOSS Guide For Android
- Great libre software on Windows
- Hey you, the lib still using Chrome. Read this post!
Rules:
- 1. Obviously abide by the sitewide code of conduct. Bigotry will be met with an immediate ban
- 2. This community is about technology. Offtopic is permitted as long as it is kept in the comment sections
- 3. Although this is not /c/libre, FOSS related posting is tolerated, and even welcome in the case of effort posts
- 4. We believe technology should be liberating. As such, avoid promoting proprietary and/or bourgeois technology
- 5. Explanatory posts to correct the potential mistakes a comrade made in a post of their own are allowed, as long as they remain respectful
- 6. No crypto (Bitcoin, NFT, etc.) speculation, unless it is purely informative and not too cringe
- 7. Absolutely no tech bro shit. If you have a good opinion of Silicon Valley billionaires please manifest yourself so we can ban you.
founded 4 years ago
MODERATORS
Ch*t gee pee tea and the like are just in a marketing bubble. They've got all this investor money, but the research and development can't improve as quickly as it needs to, so all that money just gets dumped into marketing. But it literally cannot go on forever, and industries will suffer from integrating it.
You won't even remember it after the collapse coming in '28
'28 is generous I think, this shit is so expensive to run and if there's no profitable use case it'll crash sooner and harder than that
the real concern is that this is the tech industry's last shot, they got nothin' after this. all of the government research from the 80s is used up and there is no next product
Warning: vibes based post
So the way I see it the USA economy is propped up by 3 major legs: military, tech, and banking (real estate can be sorta folded into the banking category via a venn diagram).
Despite the importance of the tech leg it is also the least stable because of how it has been pivoted toward wholly digital "products" like AI or crypto or internet platforms. Digital dvertising is in this weird quasi-real category in that you need a physical device (phone, TV etc) to see it and you (mostly) need a real end product to be selling (cars, medicines, etc) but as the rise of digital goods and services accelerates the products are slipping into the ether.
So one of the major reasons that money is being dumped into tech is that it represents one of the only sectors where you can Winkle money out of thin air. You don't need a bomb factory or a plot of land. That means it has a growth potential. But it's just growth for the sake of growth. It doesn't really translate into real world things like other industries. Like you said, this is one of their last shots because other than these specious digital products they aren't making anything new. They're innovating (wink!) within the narrow confines of technology that was laid out decades ago. There's still progress being made, of course, but that real nuts and bolts R&D is now peripheral to the giant pump and dump scheme most tech is now operating on.
What does all this mean? It means there is a definite shelf life to all this. It will stagnate. And when it does plateau it will collapse like a black hole because the "growing for the sake of growing" was all it had. Take that away and there's nothing left behind the curtain. There will be no steady decline. The bubble will burst and it will be catastrophe.
It really seems like the powers that be find ways to keep things with no real life application going long past their time