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… word-guessing program …
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… median US worker has $955 saved for retirement.
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AI is that when it craters and takes the economy with it, that we will respond the same way we have during every financial crisis of the 21st century: with austerity, and
- austerity breeds fascism.
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Obama decided to bail out the banks and not the people.
- Millions of Americans lost their homes to foreclosure as banks, flush with public cash, threw them out of their homes and then flipped them to investment banks who became the country’s worst slumlords:
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Hillary Clinton replied to Donald Trump’s “Make America Great Again” with “America is already great,” her message was, “Vote for me if you think everything is great; vote for Trump if you think everything is fucked”:
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Good public services are the basis for “the social contract between rulers and the ruled” – pay your taxes and obey the laws, and in return, you will be well served.
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… when public services fail, people stop trusting the state, and that social contract starts to fray. They start to suspect that elites are lining their pockets rather than managing the system, and they “withdraw their support” for the system.
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Fascists come to power by mobilizing grievances. By choosing a scapegoat …
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… decrepit rich world is critically dependent on migrants as a source of healthy, working-age workers …
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… generations of cuts to the NHS have left it substantially hollowed out, with major parts of the service handed over to for-profit entities who overcharge and underserve.
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… people who see a severe degradation in the quality of the services they rely on switch their political affiliation to one of Britain’s fascist parties – UKIP, the Brexit Party, or Reform – parties that have called for ethnic cleansing in Britain.
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… looming economic crises in our near future. If it’s not the AI crash that triggers the next wave of austerity, it’ll be the oil crisis created by Trump’s bungling in the Strait of Epstein.
- … Gulf States that were pouring hundreds of billions into AI data-centers now need every cent to rebuild the LNG shipping terminals and oil refineries that Iran blew up … – Cory Doctorow
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Fascism – what Hannah Arendt called
- ‘organized loneliness’
- – can only take root when people stop believing that their society will reward their lawfulness with an orderly and humane existence.
- ‘organized loneliness’
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… fight the coming crises by spending, not cutting.