If they want the reward, they need to accept the risk when the bet doesn’t go their way. If they aren’t willing to accept that, they shouldn’t be making such big bets.
It won't be framed as bailing out the AI companies. It will be sold to the public as bailing out their pensions and investments.
It's all about the marketing...
Public anger is a very pre-smartphone thing. You don’t worry about those sort of things when you’ve hyperoptimized the circus and made the bread cheap enough
Public anger has gotten to the point that right-wing groups are pushing US legislation to outlaw it as “terrorism” [1], with the president of the right-wing American Heritage think tank pointing to examples such as “college students who took over campus quads” [2] and town halls with congress members getting shut down [3] - they say new laws are needed because public anger over “political purposes” is disturbing “civil tranquility” in the U.S. so those who are aiming to impact “civil tranquility” need to be “held accountable” under the law.
The legislation being pushed starts with:
> Section 1. Short Title. This Act shall be known and may be cited as the “Combatting Civil Terrorism Act.”
> Section 2. Purpose. To promote civil tranquility by holding those who seek to disrupt it for political purposes accountable.
And aside from that, social media (Reddit) seems awash in “public anger” etc.
[1] https://sapirjournal.org/fixing-america/2026/islam-in-americ...
[2] https://manhattan.institute/article/model-legislation-an-act...
[3] https://www.city-journal.org/article/adam-smith-israel-civil...
I expect that most voters welcome efforts that aim to stop other groups using violence and intimidation to suppress their speech or legal religious activities.
The only problem with these proposed laws is the same problem with all existing laws - selective enforcement.
I agree with you, that public anger still exists[1], but I will not consider that link I mentioned in my response as an example of the suppression of public anger.
A new law that specifically calls out people as criminals when they attempt to limit a person from entering their place of worship, etc is not a law suppressing the expression of public anger.
======================
[1] One can even make the argument that Trump got elected on the back of public anger. The values he espoused are unpalatable, but there is little question that the whole suppression of opinions in the last decade have had much to do with his popularity.
There is a lot of public anger tho. Facebook and Twitter are working overtime to stroke it. Heritage loves it as long as it ends up being in MAGA colors.
The circus is distracting from the price of bread, apparently.
That's putting it mildly, IMO.
An AI bailout would be a poison pill that would electorally doom whichever party was behind it for decades.
One could only hope. In any case, in the short term, with AI having such a poor public-image story, if the Dems want to get back into power again they'd do everything they can to assure their voters that a bailout is not on the cards.
This is the first single-issue voter concern that has really popular support, and they'd be dumb for chasing identity politics again.
But the latest election made me doubt that is actually their goal.
It's one of the many reasons that partisanship is foolish - it essentially leaves governments unaccountable. Another is the reason I put "they" in quotes. There will be lots of partisan finger pointing when the bubble pops, but it was both the DNC and GOP that bailed out the banks, and it'll be both of them bailing out big money again.
That gambling actually led to people getting those homes. The people losing them was the correction.
> the electoral effect was basically zero.
because...
> it was both the DNC and GOP that bailed out the banks
Well, yes but there is a distinction between "led to" vs "losing them". The first is indirect, the second is not.
You could expand that as "That gambling by banks offering these risky mortgages to unsuspecting people, actually led to people getting those homes. When the banks who did this did not bear the costs of their actions, and passed them on to their customers, the people losing their homes was the correction."
Sound familiar?
it is certainly phrased that way, i.e. "There Is No Alternative (1) to bailing the banks out, we can't just let them fail - all their employees will be jobless tomorrow!".
It's not true though, there are plenty of ways to inflict non-lethal financial penalties on a bank to help them learn better, or take them under governance in whole or in part (2) for orderly disposal.
But it has to be politically feasible. Which is harder when the ordinary voters aren't the ones that have the most influence over outcomes.
1) AKA "TINA", "The true meaning of TINA isn’t “No alternative is possible,” but rather, “Stop trying to think of an alternative.”"
I honestly can't tell if you're talking about the Right pandering (in words only) to the voters or the Left scoring own-goals in the last election?
Look at who got elected, all those scandals, consistent lies, empty talk and fraud yet support is still strong.
Two concerns:
1. In a duopoly it won't doom either one party, not if the bailout-seekers involved are able to bribe them both equally.
2. A politician in not-so-bad party could let the other party doom itself in a long-term diffuse sense... Or they could accept some generous short-term very concentrated-on-me donations. The interest of the group is not always the interest of the members.
The US desperately needs voting-reform, to reduce the spoiler-effect and winner-take-all mechanics.
https://finance.yahoo.com/economy/articles/most-us-richer-ev...
The pessimistic attitude here is exhausting. In reality it's by far the best time ever to be a human on this planet.
We also own a house, but I hate it that many people can't afford one. The system is broken.