God this is bleak. Also, I was refreshing my memory of recent Venezuelan history the other day and noted a concerning parallel. Part of the ongoing economic crisis in that country happened because of economic policies that completely hollowed out the economic basics and covered up for the damage with the money they were making from oil sales during a time when the war in Iraq had caused prices to spike to nearly an all-time high. When prices fell both Chavez and Maduro focused on protecting their position by covering up the problems through price and currency controls rather than fixing them, which led to spiralling inflation and massive food insecurity. I don't know, something about godawful economic policies and corruption that get papered over by temporary and unsustainable economic conditions seems particularly worth remembering in light of the current situation.

I genuinely wonder how I'm gonna be a programmer long term because the industry has been so thoroughly infested with this nonsense.

You misunderstand. The bet is not on AI at this point. It’s on government money printing and bailouts that will come if investors commit hard enough to failure.

Of course, there will always be CEOs high off their own farts.

it ends with dead poor people. that is 1000000000% certain.

Let the Oroborous engulf itself

If they prime the bulb on this bubble long enough, everyone but the super rich will suffer, which I think is the point.

At Torment Nexus Incorporated, we’re currently raising a $100m Series A at a $500m valuation.

Totally not a bubble at all!

ITT: People not understanding what venture capital is.

(Because I know none of you fuckers will look it up.

Venture capital (VC) is a form of private equity financing provided by firms or funds to startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in terms of number of employees, annual revenue, scale of operations, etc. Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing start-ups in the hopes that some of the companies they support will become successful. Because startups face high uncertainty,[1] VC investments have high rates of failure. Start-ups are usually based on an innovative technology or business model and often come from high technology industries such as information technology (IT) or biotechnology.(Wikipedia))