Tech bubble?

The (you) song
youtube.com/watch?v=QGottX7vCtI

you remember 2008? that all happened because of the capital trapped in bad derivatives and other finance capitalism bullshit

that's part of the problem still, because even though countries around the world have been dumping trillions of dollars into the economy everything is fucking sinking because its getting trapped in stupid imaginary bullshit and other typical capitalist schemes

I see. Is tha why those with assets are getting cheap loans and going cash now? They want to buy stocks cheap like in 2008? If with every crash, those with liquid assets buy and own a bigger share, then surely a crash can't be all bad?

A crash isn’t bad for Porky until the prols demand accountability. The bourgeois use to try to avoid crashes because crashes cause more prols to support socialism. However with so many of them believing in the whole “end of history” bullshit they don’t even care anymore.

Prols are easily controlled with promises of jobs and entertainment. I wonder how long this had been going on.

and also look at the shitty would be unicorns that have been appearing out of nowhere only to disappear months later. Theranos raised over a billion dollars, but turns out the product they were supposed to sell didn't even exist after all, it was all a blatant fucking hoax. or the shitty juice thingamajig, also a hoax. Meanwhile, the old 'disruptors' have become glided age tier monopolies with a vested interest in ensuring things stay the same. Uber and Amazon have been pursuing monopoly power at the expense of profits, technically they are still in the red.

Media is really invested pushing the DUDE TECH LMAO angle precisely because everything is going to shit and or stagnating in all other aspects of life. Even Peter Thiel thinks capitalism is facing a crisis of stagnation. VR is being sold to you as 'the next big thing', but few remember VR hype was a thing back in the 80s and 90s, nintendo even put out a VR console. it failed miserably. Just like 3D movies in the 50s and again in the early 10s. It worries me many leftists on here are buying into the tech as salvation ideology, which is of course complete bullshit.

At some point entertainment is sht enough and there are not enough jobs.

Then again… we're talking about burgers here…

Well VR isn’t important tech. It won’t change any economic or material conditions like say automation will.

I think VR is a good example.
It's promoted as a "exelent investment" when there are not that many games to excuse the high cost and it requires too well off living space to be good.

It's a god example, cause like many of those "new techs" it's targeted on the "middle class". A middle class that doesn't really exist in big enough numbers to allow it to go manstream.

It's like selling cars for a mass audience… before the assembly line. Sorry, but, not enough people have the capital to buy them and the alternatives are cheap enough for the need to not exist.

they will just blame more immigrants.

Also people who don’t regularly play video games won’t buy VR.

Doubt it. People only blame immigrants when it makes sense.

It need not be entertainment or jobs. You only need two things to control a worker: a prior conditioning emphasizing externalization of the reward cycle, and a goodie.
The threat of losing a goodie will also work, but is not always as effective.

So when a crash "happens": stabilize, normalize, rationalize and capitalize. Must be fun if you're into that sort of thing.

Ironic, since parasitical behavior is an international pasttime.

weird how we are already talking about automation like it was a fait accompli when in reality is one of those things that are being way overhyped by people who have a vested interest in it. Futurology has become a multimillion dollar industry fully enmeshed with sillicon valley midbrow media and the TEDtalk industrial complex. Nobody really has an idea of how we are supposed to achieve full automation under capitalism, maybe the vague hope some sort of 'startup' comes along and 'disrupts' those industries but few actual concrete ideas. Let even a way to deal with the social, economic and psychological consequences of automation. Automation hype was also a thing back in the 60s and 70s, you know.

I regularly play vidya.
I have no interest in buying something that costs 500 to play.. dunno… star treck, multyplayer.

The audience most of these "new techs" need doesn't exist, yet the hype industry creates the illusion. You know.. Like everything Musk does.

Only a very small subset of humanity actually plan and make new things, most of us don't, we turn the wheels of the status quo

Pure alienation.

I don't know but I hope so, particularly if it can do serious damage to data-mining companies.

MINSKY MOMENT WHEN.

really fucking weird time to be alive. 'they' want us to believe we are already living in the gee whiz future 1950s sci fi promised us, only growing brighter and brighter with every passing day. But if you look closely it's all fake and shitty, a simulacrum of a future designed to hide the fact we remain trapped in unchanging late capitalist purgatory.

To be fair to Ellon Musk he did do some good innovations in space landing. However at the end of the day his companies need to be collectivized.

Pure delusional reversal, there has been 108 billion people, where are you in this story? You cannot 'decide' to change the course of history, you can only do your part, some parts influence the whole to a greater degree..

he needs to be stopped soon. Dude would make us all slaves to him and his family

Did he land on an asteroid? No? Not that good then.

Sorry, but, private sector will never be better than state funding.
Yes, US, you DO need NASA and cooperation with EU and Russia.

Musk's a military contractor and an union buster. btw electric personal vehicles will do nothing to stop the impending ecoggedon. A tesla is a luxury product that would require at least 10 years of use to provide a net benefit to the environment. Apparently, those rechargable batteries are toxic as fuck. The non union workers at Musk's plant have also been getting mysteriously sick for some reason.

spacex is legitimately a major innovation. They've had 11 first stages flown back and landed and I think they've reused 2 so far. Also they've reused the dragon cargo thing for the ISS which is a new thing too.

This is all done by Elon working his employees relentlessly expecting them to keep up on his own autistically work schedule. There is also the fact that he's scammed a bunch of them with "stock options" lol

so did memey musk actually engineer anything himself or does he just fund and point

he has a degree in physics and hes a self taught programmer, he made some web/software stuff back in the 90s but now he just delegates like all porkies

there are tons of fluff articles about how he self taught himself in (insert discipline) and how experts are shocked at his knowledge in meetings or something

read the waitbutwhy articles on elon and you can see how he is literally being worshipped by those science rock redditors

the neuralink is legitimately terrifying especially considering that the man in control of the programming is an austitic anarcho capitalist

then i see little reason he should be praised individually for the achievements of spaceX. (for paypal or whatever it was, if he was actually coding then sure, credit through gritted teeth…)

then again i hate his face and i hate his americanism and i hope he dies in a rocket accident, so y'know. i'm more willing to make allowances for someone like steve jobs who was at least a stylish asshole.

goddamn why did i google this

it's like living in a cyberpunk dystopia except they fucked up the aesthetics and there are no cool rebels.

elon i'll worship you if you invent the portable suicide booth.

??/ dude is south african. the pro american stuff is just kabuki for the US government contracts. You should have seen him sperg on about russian rockets (that one of his competitors use) during the crimera invasion

Every human is capable of planning and creative activity. That is our species essence.

youtube.com/watch?v=LEgxS_vzQjU

Crashes are an engineered part of modern neo-keynesian mixed market capitalism. They call them business cycles, recessions are a "normal part" of business cycles and so are depressions even. And as you pointed out, many people (Blackstone fucker mentioned earlier today in /news/ thread) get extremely wealthy off of these crashes (Soros). They'll become totally normalized and using them as evidence of capitalism's inefficiencies will be considered ridiculous.

the most stupid shit ever
no Holla Forumstard will ever sacrifice his right to sit on his ass while playing games
people like to relax comfortably after work

also, most games are shit anyway
not enough quility entertainment is what forced me to seek other ways to fight boredom which resulted in me reading about SU and Marxism

This user knows what's up. People see the accelerating pace at which computer technology and medicine develops, and their brains draw the conclusions that:

A: This curve will keep accelerating forever
and
B: This acceleration will soon apply to other sectors in tech as well

Drawing these conclusions, of course it seems logical to believe we will soon be able to plug in to virtual reality, have sentinent AI and a transhumanist evolution of mankind. However, the reality is that all sectors of technology plateu sooner or later. As David Graeber point out in "Of Flying Cars and the Declining Rate of Profit", the fastest speed we traveled in the year 1900 was 100 mph, and by 1970 that was 25,000 mph, achieved by the Apollo 10 spacecraft. Looking at this tremendous increase, people where inclined to believe lightspeed travel would soon be a reality. However to this day, humans have not travelled faster than the crew of Apollo 10, the record still stands at 25,000 mph. We basically reached the limits for technological progress in that area. This limit will also be reached in the computer and medical science sectors, long before we reach "the singularity" or find a cure for cancer. And I have yet to see any new tech sectors arising from this severely handicapped finance capitalism we live in, I mean computer science was already being developed in the 50's for god's sake.

tl:dr tech will not save us, only ourselves can, we will never have sentinent AI and Elon Musk's stupid rockets will keep on crashing

I don't think you know what you're talking about, neo-keynesian? And just because (le jewish) porkies take advantage of recessions doesn't mean they caused them on purpose.

It's a thing, but it's not our present economic consensus.

neo-keynesians were the big dogs from WW2 until the 1970s. They mostly believed in the neoclassical synthesis, though (as opposed to pure Keynes injected into the heart.), then there was the shift to monetarism and the new-classicals took over.

the present paradigm is the new neoclassical synthesis, between the new-keynesians and the new-classicals. (and all of these people are neoclassicals, but the term neoclassical was actually coined pre-keynes to refer to the Austrian school, while now it mostly refers to mainstream economics in general. Economic terminology is fun! [hell])

Just like blaming the Jews make sense

Bourgeoisie survive via scapegoats

It should be noted that computer code isn’t like other economic sectors. At the end of the day it’s just data that has an unlimited supply. Because of this it won’t follow normal market rules.

But the tech industry as it exists today is not about selling code, but about 'selling' platforms of questionable profitability. Most of Google's income is from 'selling' ads that are never going to be seen by human eyes. Most of those ad clicks are coming from automated clickbots, while humans tend to block the ads. Nobody can know for sure if any real value is being created. This is worse than a bubble, this is a full blown phantom economy. Twitter is loosing money. Same goes for Uber, Amazon, Snapchat and Airbnb. the companies are not turning up a profit, despite increasing revenues, they keep loosing money, all revenues go into expanding their operations. They want to achieve monopoly power first and find a way to make a profit later. Investors are betting on their success. But what if they don't succeed? this is going to be worse than the dot com bubble by an order of magnitude.

theguardian.com/technology/2017/feb/09/twitter-loses-advertising-revenue-rise-users-shares

capitalism is descending into total absurdity. behind the buzzwords and the talk of 'innovation', 'disruption', 3.0 this and that there's a very tangible sense of desperation. This is a corporate video for 'tronc', formerly the chicago tribune, a newspaper publisher.

youtube.com/watch?v=OtwiWd1LTeg

...

transhumanism has been incorporated into establishment ideology by this point. Liberal outlets are full of unsubstantiated panegyrics to tech and clickbait futurology. It's funny how all those 'reasonable' upper class liberals who dismiss even mild social democracy as an unreachable utopian fantasy also happen to be convinced, religiously convinced, that sillicon valley is going to make everyone immortal and fix everything somehow.