Late stage capitalism --- equity markets degenerate into thinly disguised ponzi schemes.

Just like in a ponzi scheme, contractual obligations (aka debt) are now moving in a circular pattern among a handful of large AI players. And markets are accepting and treating this as "growth" --- all while the underlying business model is actually setting cash on fire.

And just like any ponzi scheme, this can't continue indefinitely.

https://247wallst.com/investing/2026/07/22/big-tech-is-hidin...

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marcusverus 9 hours ago | parent [-]

Is there anything more disingenuous that advocating for the involuntary destruction of all equity wealth by decrying occasional losses by consenting adults?

I'm sure this kills on Reddit, though.

	▲	jqpabc123 8 hours ago \| parent [-]
		Is there anything more disingenuous than advocating for Enron and Madoff style accounting and reporting gimmickry as being acceptable equity activity between "consenting adults"? https://finance.yahoo.com/technology/ai/articles/ai-sector-e... https://www.gadgetreview.com/five-tech-giants-are-using-enro...