capitalism


New Tech Trends

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Apple started selling their dumb goggles this week, so we’re being subjected to another round of hype trying to sell this garbage. Every “big idea” Silicon Valley’s tried to sell over the last decade or two has either been outright fraud (self-driving cars, Theranos, crypto, etc.) or just re-inventing something that already exists, but with middle-men to extract money from users and the people doing the real work (gig economy, rideshare, streaming, etc.).

I swear I’ll get off my “Capitalism Bad” kick next week.

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A.I. for Government and Business

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I know there was an actual Trump indictment and arraignment this week, but I have to get ahead for some real-life stuff and did an evergreen comic.

AI’s always invoked to replace labor, never management or any job that wields actual power. I’m decades away from the last time I wrote a computer program, but I guarantee you it’s easier to automate the work of the guys who turn spreadsheets into human misery than anyone doing anything useful for society.

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Silicon Valley Bailout Package Contents

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To celebrate the 3rd anniversary of COVID, and the Iraq War’s 20th, we’re being treated to a celebration of the 2008 economic collapse’s 15th with the government’s response to Silicon Valley Bank’s failure.

FDIC normally only insures deposits up to $250,000, but since SVB was the preferred bank of the economy’s whiniest libertarians, they’re getting a full bailout. Even the ones so opposed to diversity, they refused to diversify their accounts.

Printing money out of thin air is considered a laughable and juvenile response to the debt ceiling, yet it was done throughout the the post-2008 recovery by minting money to keep banks afloat and saying the magic/obfuscating words, “quantitative easing.”

The regulations that could’ve prevented this current wave of bank failures were rolled back during the Trump administration, but not without the help of many greedy/shortsighted Democrats.

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Big Business Brain, CEO

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Hedge fund managers REALLY want a recession. They particularly want high unemployment to reduce the pressure of raising wages which cuts into their primary function of pumping out dividends and stock buybacks to rich assholes.

I hated drawing this brain. My sympathies to anyone who had to draw Krang for any length of time for Teenage Mutant Ninja Turtles.

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