Technology

58303 readers

25 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

[email protected]

154

ChatGPT's Growth Is Flatlining: Where Does It Go From Here? (www.thewrap.com)

submitted 8 months ago by [email protected] to c/[email protected]

67 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 2 points 8 months ago* (last edited 8 months ago)

Ever more wealth must be constantly created in the World purelly to service the interest on all that debt out there otherwise you would get defaults and banks failing.

It's not by chance that everywhere the "solution" for the 2008 Crash (that happenned due to over-indebtness mainly in the mortgage segment) was to lower interest rates to pretty much zero - it weakens the pressure on the entire system to constantly grow merelly to generate the additional wealth needed to pay the interest on the debt.

You'll also notice that as soon as interest rates went up just a bit bank profits mssivelly grew.