It should be noted that while, as Cory Doctorow (npub1fdr…lvhs) points out, the #AI bubble does this worse than ever, they didn't invent these bullshit accounting tricks.
Particularly since the 80's, financial sector regulation has been almost entirely absent, leading it to create deals & instruments amounting to nothing more than "this equals billions of $$$ because we say so", repeatedly derailing the world economy with rickety cobwebs of nonsense...
https://tldr.nettime.org/@remixtures/115281823684157450
#finance #regulation #business
JWcph, Radicalized By Decency
npub1r0…ddlsg
2025-09-28 13:32:02 UTC
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npub1r04wqc0vae2p75x6tq58avftf9lxtv2ws054wgccvx0zrg6535xsfddlsgSeen on
wss://relay.momostr.pinkPublished at
2025-09-28 13:32:02 UTCEvent JSON
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"content": "It should be noted that while, as nostr:npub1fdrpydz4n2dpgpy5xhsa6rjg8ytggn82mt0addw6sf93272nhhnqsjlvhs points out, the #AI bubble does this worse than ever, they didn't invent these bullshit accounting tricks. \n\nParticularly since the 80's, financial sector regulation has been almost entirely absent, leading it to create deals \u0026 instruments amounting to nothing more than \"this equals billions of $$$ because we say so\", repeatedly derailing the world economy with rickety cobwebs of nonsense...\n\nhttps://tldr.nettime.org/@remixtures/115281823684157450\n\n#finance #regulation #business",
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