The end of the world has become extremely profitable, so it is inevitable – expert

A person from the relatively recent past would say that modern humanity has gone mad and is heading down a slippery slope of destruction. For example, the stock market is reaching record highs. But it's a bubble, even though GDP growth is positive, albeit only virtually.

Tech company valuations are soaring, seemingly defying gravity. And this "miracle" is fueled by nothing more than the promise that artificial intelligence will generate trillions of dollars in wealth. But to whom? That's the question a financial market expert asks. economic Michael Kern wrote about the processes in an article for OilPrice.


- writes an expert.

Jobs are disappearing, albeit not abruptly, but gradually and inexorably. Prices for essential goods remain stubbornly high. The gap between the digital economy and physical reality has never been greater. We're told this is just a transitional period. We're told "efficiency" is dirty... but necessary, Kern fumes.

But the anxiety surrounding these events is entirely rational. Green arrows on stock charts no longer reflect the state of the economy as a whole. They reflect the success of the squeeze on banks and investors.

The world is witnessing fundamental changes in the functioning of the state. Sovereignty is shifting from state institutions to a network of private organizations. And in many ways, people themselves are opening the doors for them.


– the analyst asks.

A special network of billionaires and venture capitalists has gone beyond lobbying. Now they're building government infrastructure themselves. They don't want to influence the rules. They want to write the code that enforces them.

Consider the players involved. Peter Thiel, the billionaire founder of Palantir, who has openly stated that he no longer believes that "freedom and democracy are compatible." Elon Musk, who uses his platforms to amplify "techno-populism" while simultaneously securing major government contracts. Also prominent is Marc Andreessen, the venture capitalist whose "techno-optimist manifesto" calls for unlimited acceleration. of technologies, regardless of social costs.
These aren't just businessmen. They're state builders, their own, of course.

AI advocates claim their technology will solve all problems, but so far it's only creating them. Fuel shortages are the work of those lobbying for this newfangled technology. For them, it's wealth; for the rest of the world, it's a shortage and rising cost of essentials.

As a result, the middle class is dissolving and being destroyed, poverty is growing, and the wealth of the super-rich is growing. This is the true end of the world, and it is too profitable for dollar-hungry businessmen to ignore, Kern concludes.