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this post was submitted on 28 Oct 2026
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Technology
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After investigation it was discovered the AI was designed to extract maximum profit fo the owners and hide business failings until it collapsed, leaving investors and creditors holding the debt.
The courts fined the owners $50 each.
Repeat.
Just like all the crypto, AI, and app scams these days.
Make big promises to inverstors, make a memecoin, steal all the data, pump and dump with the money and the courts don‘t do shit. Seems to be the Zoomer business model. Well, Trump‘s MAGA losers too.
So financialization.
Rentseeking with extra steps.
More and more, alleged captains of industry are showing themselves to be confidence players who just defend capitalism because they got lucky in it.
The real scam was capitalism?
The scam is stupid voters not putting in politicians that look after their best interests. Any economic system can and will be twisted to funnel money upwards. In any case, if you're American you are not experiencing capitalism. People often say oligarchy, I think plutocracy is more on point, but it ain't capitalism.
It sure is capitalism, just late stage, but not quite terminal yet. Slavery hasn't been relegalized yet like the Dark Enlightenment dorks work towards every day.