The Enshittifinancial Crisis

I guess my takeaway from this is: Try not to build your life around AI, but there's so much money being pumped into it that your life will be heavily affected by AI succeeding or failing.

What else can individuals do though?

I remember "doomsday prepping" became a cultural phenomenon after the 2008 financial crisis. But if you avoided the stock market and/or taking on debt at historically low interest rates, you missed out on some significant opportunities. Maybe part of that prepping is to reorder your life so that you don't care about stocks or real estate. Maybe the timeframe I'm looking at is too narrow, and history will lump 2008 and any AI crash together.

But maybe AI would be bailed out. I think we're already seeing private industries treat AI the same as their office real estate after COVID, i.e. "We don't need this, but we have it, so we need to use it."

The only call-to-action that Zitron writes in this piece is, "When the collapse happens, do not let a single person that waved off the economics have a moment’s peace." But I think if the collapse occurs as he is proposing, we won't have time to police the boosters' peace.

Does anyone have a more actionable plan for insulating yourself, your family, your community, or society at-large from a potential AI crash?

> We are watching one of the greatest wastes of money in history, all as people are told that there “just isn’t the money” to build things like housing, or provide Americans with universal healthcare, or better schools, or create the means for the average person to accumulate wealth. The money does exist, it just exists for those who want to gamble

Wealth is not a zero sum game.

Unless you're going to tax or create more subtle incentives, you cannot tell people what to do with their money. They don't HAVE to give it to charity, they don't have to funnel it into investments they don't want to. Heck, you can't tell them not to gamble.