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Five Tech Giants Are Using Enron’s Accounting Strategy to Conceal $1.65 Trillion in AI Debt (www.yahoo.com)
submitted 3 months ago by to c/technology@lemmy.world
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[–] 44 points 3 months ago (12 children)

This shit led to the Great Depression… I guess it’ll be a Greater Depression, just on figures alone.

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  • [–] 56 points 3 months ago* (1 child)

    C'mon! With Trump in charge, it has to be The Greatest Depression!

    "Yes, this is The Greatest Depression. Nobody has ever seen anything like it. Even the best economists, very smart people, they say to me 'Donald, Mr President, who could know?' Nobody could have known this would happen, but they tell me it was caused by Biden. Or Obama. I've also asked the FBI to check Hillary's emails and Hunter's laptop."

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  • [–] [S] 15 points 3 months ago (9 children)

    great depression led to a ww2, is there please some chance to please not start ww3 please

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  • [–] 13 points 3 months ago

    Yeah. Revolution now. We need to fucking build a parallel internationalist power structure and just freeze out the billionaires from the economy. Fuck the UN, we make our own with black flags and snooker. It's up to us to define what it means to be an adult.

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  • [–] 10 points 3 months ago (4 children)

    Unlike ww2, ww3 would not be a boon to production or the economy

    Supply chains would be the first target, like how pulling the plug on rare earth metals is the goto now, and how much can be fully and entirely made at home?

    We'd be sitting around scratching our asses wishing we had any form of modern appliance before long. Planes, ships, cars, generators, terbines, computers, microchips would cease manufacture without a comprehensive functioning global supply chain

    Fuel, oil, fertiliser would be cut off for most countries

    Without an incredible stockpile, most countries probably couldn't sustain any world war

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  • [–] 2 points 3 months ago (3 children)

    WW2 was not a boon to production. Well it was for weapons, but most of Europe and good parts of Asia were destroyed with millions dead. The only country coming out of it in better shape was the US, which did not see bombing and had relatively low human losses(still horrible to be clear, but not even close to what others had).

    Modern wars suck and any smart country will try to avoid them. Hence you see Russia being fucked over by the EU via Ukraine and China fucking the US via Iran. Obviously you need dumb leaders to walk into those traps into the first place.

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  • [–] 4 points 3 months ago* (last edited 3 months ago) (2 children)

    Australia had a huge sustained boom from the late 1940s through to 1970s, which was also aided by the Korean war. The boom tapered off with the oil shocks and stagflation of the early-to-mid 1970s

    The UK also had a boom, recovering from rationing into the 1950s they joined the global long boom until the 1970s but yes it was not as strong as other countries booms due to the damage and cost of the war

    Harold Macmillan's famous 1957 line "you've never had it so good" sums it up pretty well

    Europe had a massive boom known as the golden age of capitalism, nfi what you are talking about

    https://en.wikipedia.org/wiki/Post%E2%80%93World_War_II_economic_expansion

    The United States, the Soviet Union, Australia and Western European and East Asian countries in particular experienced unusually high and sustained growth, together with full employment.

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  • [–] -1 points 3 months ago (1 child)

    That was the time after WW2. Of cause the economy does a lot better, when you do not bomb out cities and kill millions. That could have happened earlier, without the war and everybody would have been better of.

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  • [–] 0 points 3 months ago

    Military spending, wealth redistribution, tax system changes and the Marshal Plan for rebuilding Europe are direct war results that caused the boom. Everything needed rebuilding and everyone wanted to work together, leading to economic agreements and the formation of the European Union. Everyone needed materials like steel for construction. The Korean War then seriously boosted countries like Japan and Australia again

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