this post was submitted on 01 Aug 2025
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Keep in mind that all these financiers and politicians are (for the most part) the same people who cashed in or bailed on the internet in 99. The smart ones know they're building another dotcom bubble but they don't want to lose the game of chicken at this point.
I mean the real ghouls are going to be making hay when the correction does come, the house always wins etc. etc. But I think the spectre of dotcom and then SF finance cashing in on web 2.0 makes up the superstructure here.
totally agree, I think theyre stacking as many cards as they can on the tower while betting for it to fall
worth also adding that in terms of the base, these capitalists desperately need to keep floating this along until they can bilk suckers in public markets for the overvaluation so that they can cash in on the bubble before it pops
When the bubble collapses there will be countless articles about "if only we could have prevented this", "no one knew just how bad it was" despite all the alarm sounded beforehand. And nothing will be done about the people who caused it!