VirtualSubstrate on Nostr: This article purports AI fascism as the solution to avoid recession. “Given that ...

This article purports AI fascism as the solution to avoid recession.

“Given that infrastructure and national security are at stake, a public/private partnership should be involved.”

Recessions are necessary to clear economies of dead weight, malinvestments, and erroneous policies.

Any growth in AI funded by public debt will just be stollen by gov’ts.

The debt will still remain on the shoulders of tax payers and stagflation will rob them of any escape from rising prices.