There isn't a single industry in the West experiencing real growth except defense and AI and calling it "growth" is generous. It’s more of a last-resort attempt to pump life into a rotting cadaver. Meanwhile, China is consolidating global tech innovation, closing in on fusion energy and hardware built to outpace the West entirely. Mass layoffs across traditional SaaS, gaming, and social media confirm the truth: there’s simply no money left in the consumer economy worth extracting, leaving defense as the only viable play against a dead-end market. Which is why we're seeing companies like flock and palantir or anduril suddenly being overvalued.
Im in tech and I'm tired of the entire market. I wonder if at this pace a service economy really makes sense. It's simply unsustainable
>>2921687
Lmao Russians where never a serious threat to the us
>>2921682I hate using words like capitalism, when we talk with these words we very often mean very different things.
Capitalism to me means economic freedom to establish and create a system for everyone.
This type of system cannot exist without morality.
The current demand from 'capitalists' business heads to look past morality in it's entirety means that we do not have capitalism, but they did…
>>2921819Okay, well, your definition is wrong in our view because it's vibes BS.
>>2921682>Is capitalism actually dead? correct, it was replaced by the AES mode of production
>>2921819>capitalism is when good things happenif you say so porky
>>2921682Capitalism has periodic crises so nothing new there. I remember the funny hot take that we exited capitalism when we did away with the gold standard. I think the MAGA comms say this, but it's not original to them, I think.
>>2921907
Plenty of indication this thing is a giant bubble waiting to pop. That doesn't mean LLMs are useless.
China saved capitalism. Thanks Mao!
>>2921912China isnt the only country doing good economically. Most 3rd world countries have significantly higher economic growth rates than 1st world.
>>2921910The market can remain irrational longer than you think, besides the dotcom crisis happened and we still live in a turbo online society 20 years later
>>2921924I don't know the numbers of the dot com crash but I'm pretty sure AI is way more important to the US economy right now than the telecom businesses of 26 years ago. I've been listening to this guy Ed Zitron a bunch in the car after I saw Michael Roberts mention him on his blog and the stuff he's said about GPUs sitting unused and the datacenters just not providing what has been promised seems quite concerning. Of course, as long as everyone's earning money or thinks they're about to earn money everything is just fine in stock market land, but the recent proposed slowdown PR stunt might be the first crack showing.
I'm not sure what all this AI shit will look like after a crash, we'll see.
>>2921682>Meanwhile, China is consolidating global tech innovation, closing in on fusion energy and hardware built to outpace the West entirelysounds like capitalism is well then :)
>surely Porky will not find a way to profit this time
>>2921920Thanks to them also!
>>2921944'IT' has been a gravy train for grifter and snake oil salesmen for about one or two decades (if not even longer). at least since 'digitalization' as a marketing buzzword is around.
since 'data' was pronounced 'the new oil' we literally burn capital and energy for literally nothing just so that some monopolies in hard- and software can fleece gullible retard managers.
'AI' is the final hurrah before this all implodes. will be a wild ride.
as for wether 'AI' and 'IT' will be around afterwards: of course they will. this isn't a problem of technology, this is a problem of political economy.
>>2921981Capitalism isn't going anywhere until a breakthrough production technology (like the steam engine) emerges.
>>2921682Its in its death throes. AI is obviously the final frontier, there is no higher technology after that to develop and we already have it, so where is there to look for further "growth"? "Growth" in and of itself is bullshit. The number of atoms in the universe is not increasing. The amount of available energy is not increasing. Its just a cover for destroying nature, society, the environment, etc.
But we now have no where to grow except for more "AI" but the current "models" are played out and don't do anything interesting, they are certainly not profitable. Meanwhile we are doing catastrophic damage to the environment and the Earth's ecosystems. The oceans are basically dead, the coral reefs are gone, the forests are dying.
Capitalism has exploited and destroyed everything in the name of profit. The Internet was the last unexploited commons that people benefited from. So perhaps it was the last frontier capitalism could ruin by using scraping "AI" to suck up all the data in the Internet to itself destroying the Internet and creating the dead Internet theory. But once there is no easy environment for capitalism to exploit we are done. There will be no more profit.
>>2922011
>Well that's what they say AI is.
which is why 'they' are utterly delusional retards because 'AI' is nothing like the steam engine in whatever way you look at it.
https://thenextrecession.wordpress.com/2026/09/26/ai-the-biggest-economic-bet-in-us-history/>But here is the problem. The gap between hyperscaler spending and cash flow is widening fast. Capital expenditures at Amazon, Meta, Microsoft, and Alphabet are projected to exceed $1 trillion in 2027 for the first time. At the same time, combined ‘free cash flow’ (ie money from profits in existing businesses) is projected to fall below $100 billion. A year ago, free cash flow was around $200 billion, while capex was $300 billion. Now, AI spending is accelerating at the same time as the cash available to fund it is disappearing.>The bigger this gap becomes, the more the hyperscalers need to rely on debt and equity markets to finance their AI spend.>The issue is that if AI spending fails to generate sufficient returns (profits), the stock market could take sharp turn downward as investors bail out. US stock market prices are massively overvalued relative to existing earnings. The trend ratio of stock market prices to earnings per share (called the CAPE ratio) is above the level just before the 2008 financial crash and nearly at the level just before the dot.com bust of 2000.>Will profits come through? Research by Fathom Consulting shows that for the multitrillion-dollar AI boom to turn a profit, it would need the AI-related sales of the tech companies involved to rise by $600-800bn within the next two years. But the consulting firm Panmure Liberum calculated that current CAPEX and revenue forecasts through 2030 imply a negative internal rate of return on invested capital for Alphabet, Meta, Microsoft, and Oracle.>So either the hyperscalers significantly reduce their capital spending on AI to levels that generate a reasonable profit on capital already invested or by some miracle they deliver massive profitablity from a huge future increase in demand for AI products. If they cut spending, that would signal to investors that AI is not delivering and they would sell off accordingly. A crash would ensue. So they must keep spending more and more.[…]
>A key question is whether AI is actually going to deliver a step-change in US labour productivity that could boost economic progress for a generation. The AI lab, Anthropic, wants to issue shares worth $100bn to the public in November (thus valuing the company at $2trn!). To build up its case, it published a report in which it claimed that if AI really takes off, US GDP could rise by 32% by 2030(!), that’s annual growth in GDP of up to 15% (against current US growth at 2.5% at best).Shit seems fucked
Sure, it's stagnant but I wouldn't really call it dead. Not yet.
Capitalism has been "dying" ever since 2008.
>>2922009Capitalism existed before the industrial revolution bruh
>>2921682Capitalism is obsolete
>>2922028Calling it AI bubble is misleading. It's really a US tech industry bubble. AI will continue to be increasingly used, but the US tech industry will either collapse or be bailed out at great expense.
Capitalism never dies, it just keeps coming back.
>>2922050Debatable. Capitalism wasn't the dominant mode of production and 90% of the population were peasants.
>>2922072Capitalism has never ended since it first began
Capitalism is always surfing a crisis bigger than the last one. Sooner or later it'll run into a wave it cant surf, a wave that just kills it. The next one is looking huge.
we will all be dead and capitalism will be raping our dead bodies
>>2922079damn that's kinda hot
>>2922106our dry crusty cum will be the surplus value
>>2922050Bourgeois society existed before capitalism but capitalism is the moving contradiction between bourgeois society and the industrial revolution. (:
>>2921682<There isn't a single industry in the West experiencing real growth except defense and AI and calling it "growth" is generous. It’s more of a last-resort attempt to pump life into a rotting cadaver. Meanwhile, China is consolidating global tech innovation, closing in on fusion energy and hardware built to outpace the West entirely. Mass layoffs across traditional SaaS, gaming, and social media confirm the truth: there’s simply no money left in the consumer economy worth extracting, leaving defense as the only viable play against a dead-end market. Which is why we're seeing companies like flock and palantir or anduril suddenly being overvalued. Im in tech and I'm tired of the entire market. I wonder if at this pace a service economy really makes sense. It's simply unsustainable
yes anon capitalism is in its extreme late stage and lots of the stock market growth is just "fictitious capital"
China killed capitalism by making it too accessible, too competitive, and not profitable enough.
>>2922427>I wonder if at this pace a service economy really makes senseDeindustrialization was a really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, really, REALLY fucking stupid thing that basically confirmed capitalists valued paper and made up numbers over actual material assets
>>2922513They’re fucked either way because you move industry to China which is not ideologically aligned with you or you stay in the global north and you have to keep dealing with unionized workers, no matter how yellow and reactionary said unions were, they were still considered a bigger threat since China was a noncompetitive, mostly peasant society still
in the context of capitalism, "growth" is a very relative term as it turns out. companies ran out of room to grow, new territories to conquer, new technologies to build industries on, so the modern definition of "growth" is cost-cutting, blowing out workers and closing factories and outsourcing production, reducing expenses however possible so as to present higher profit-margins to investors as "growth". it's sort of like when a crackhead runs out of people to scam so he starts tearing the copper wiring and plumbing out of the walls of his house to go sell to a scrapyard for pennies on the dollar and he thinks that this will be a new sustainable business model.
Automation + jobs being exported = lower wages for employees = less buying power employees = no buying products = Crisis of overproduction
Crisis of overproduction = war usually
It’s over man
>>2922639tis happened befoe doe
>>2922066It's a trillion dollar bet that open models that will run on a $50,000 server rack won't keep pace with OpenAI and Anthropic. They're fucked without massive protectionist policy coming in quick. We can only hope the bay area gets hollowed out into a silicone rust belt because the weather is probably the best in the world.
>>2921971>innovation and clean energy is capitalism Nice try.
Unique IPs: 33