The tech world as a whole thinks the American Dream dying is a good thing and they're actively making that happen. And the answer is quite simple: further wealth concentration and the resulting inequality.

China is investing in infrastructure and making sure its citizens have enough to eat and a roof over their heads. The US is starving school children, unleashing its own Gestapo on its citizens, letting its citizens die, doing untold damage to every other country on Earth and letting our infrastructure rot so Jeff Bezos can buy a 4th megayacht.

Automation and AI could be a good thing for society. We could all enjoy the benefits by having to work less and having to less menial and/or dangerous work. But it won't work that here. It'll be used to displace workers, increase the wealth of th etop 0.01% and suppress the wages of reamining workers.

I'm unconvinced the trillions invested in AI will ever see a return. But even if it produces value in some way, will it even matter if nobody has any money to buy anything?

Right, look at what US (and the west in general) did over our long experience of ZIRP. Did we borrow at near-zero to build housing, transit, infrastructure, etc? No... but we got a boatload of SaaS.

The datacenters will be used for wide-scale facial recognition and real world surveillance. The tech demons got tired of being limited to spying on people’s online activities.