@mcc that is definitely a risk. the bad news is that it is a structural feature of all political systems (Mao did this, as did Stalin; it's not particularly a "capitalism" thing). the other bad news is that we have a cohort of like 9 psychopaths who can do this more or less independently right now.
@mcc the good news is that those psychopaths' power is much more precarious than it seems, and quantitatively they've lost about 20% of it in the last 2 days. qualitatively, probably more. and the more good news is that _structurally_ the AI bubble specifically is going to be disproportionately routing the high-risk/high-reward financial structures. it's going to hit everyone but it's going to hit VC *super* hard because all their bets will fail correlated
