Friday, April 26, 2024

DOWNWARD SPIRAL: Causing the situation to become progressively worse.

A downward spiral is defined as a situation where a series of negative thoughts, emotions, and actions continuously feed back into themselves, causing the situation to become progressively worse. Downward spirals are often provoked by jumping to the worst-case conclusion. 



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BLOOMBERG BYTES --- Why AI Is Sucking Up the World’s Wealth . . . . the richest 10% already hold 85.4% of global net financial assets

  Why it structurally shifts wealth from labor to capital The mechanism economists point to: AI raises the capital share of income relative...