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Bank of England warns AI stock bubble rivals 2000 dotcom peak (arstechnica.com)

submitted 3 days ago by Jeffool@lemmy.world to c/news@lemmy.world

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[–] Frozengyro@lemmy.world 4 points 2 days ago (1 children)

I don't think the bottom dropping out on the AI boom will end society.

[–] Aceticon@lemmy.dbzer0.com 1 points 2 days ago* (last edited 2 days ago)

Two points:

I agree that such a deep regression is unlikely. We almost always regress at least Economically with a Crash, but it's years or maybe a decade, almost never a century or two. Mind you, in broad scope of History, it's normal for societies to collapse, though never all societies at once. Somewhere in the World people will be fine, just not necessarily were we live.
The Dark Ages was not the end of society, only a regression in Technologic and Economic terms for Europe alone and eventually Europe recovered and surpassed the technological and economic peak of the Roman Empire.

I'm just pointing out that sometimes the World doesn't merelly "trudge on": at least in some places it actually regresses a lot, sometimes the equivalent of centuries-worth of social and technological development, before going back to "trudging on".

Every market ever has crashed, but the world trudges on

is a statement disproven by History.

(PS: Actually, thinking about it, you are correct in that at least that part of the World does trudge on. Just not necessarily the bit we're on)