this post was submitted on 11 Oct 2025
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[–] FlashMobOfOne@lemmy.world 1 points 1 month ago (2 children)

It's objectively a bad thing when a country's entire economy is being propped up by seven companies and the vast majority of consumer spending is concentrated in the top 1%.

[–] TeamAssimilation@infosec.pub 1 points 1 month ago (1 children)

Specially when those companies are valued in TRILLIONS. Nothing is worth trillions, somehow these surreal numbers have been accepted as hard fact.

[–] ILoveUnions@lemmy.world 1 points 1 month ago* (last edited 1 month ago)

Nothing is worth trillions,

There is things worth trillions. Like full countries, and the largest pension funds and social security funds. Having a single company be comparable to those massive collections of people is insane, and it's because they think it can replace workers--when it can't, not yet, and not for a long time

[–] jerebear39@slrpnk.net 0 points 1 month ago

Yep it's such a fragile situation

[–] drmoose@lemmy.world 0 points 1 month ago (1 children)

Unpopular opinion but this will not as bad as housing bubble and we're way past bubbles actually popping in contemporary economy. Even China corrected for its massive ghost city housing bubble just recently and that was actually worse than ai tech overvaluation.

[–] Part4@infosec.pub 1 points 1 month ago* (last edited 3 weeks ago)

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