this post was submitted on 04 Jul 2026
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169
Number of billionaires globally soars by 13% amid AI shares boom — Billionaires’ wealth grew by 25% on average in the year ended in April, research from Swiss bank UBS finds (www.theguardian.com)
submitted 20 hours ago by sanitation@lemmy.today to c/technology@lemmy.world
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[–] vane@lemmy.world 14 points 16 hours ago

Because there is no alternatives to spend money. Most of businesses are either buying from or are owned by corporations. The market is regulated by handful of people who try to tell everyone that there is free market.

There is no free market.

Countries are buying from same people, small businesses are buying from same people, you are buying from same people.

Brand names are shuffled to make people confused, give people illusion of choice.

We are imprisoned slaves that work for elites whole life. There is no hope there is no bailout. They will do it because they can and nobody can stop them because they have hundreds of organizations to protect them and politics who create laws for them.

[–] FlashMobOfOne@lemmy.world 43 points 20 hours ago* (last edited 19 hours ago) (2 children)

Meanwhile my 80 year-old dad was driving for DoorDash to survive, borrowing my car, until he started dying in February.

My mom still does.

I don't know how anyone in the poor and working class is still capitalist, but this fucking bullshit is why the socialists are about to tea party the Democrats in November.

[–] radiofreebc@lemmy.world 29 points 19 hours ago (1 children)

"Socialism never took root in America because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires" - John Steinbeck

[–] FlashMobOfOne@lemmy.world 19 points 19 hours ago* (last edited 19 hours ago) (1 children)

No.

It never took root because they killed them (Huey Long) and imprisoned them (Eugene Debs). The ones they couldn't kill or imprison were intimidated into silence. (Red Scare, among others.)

[–] binux@sh.itjust.works 15 points 17 hours ago

Multiple things can be true at once.

[–] skvlp@lemmy.wtf 7 points 20 hours ago (2 children)

Must be some variant of Stockholm syndrome

[–] arctanthrope@lemmy.world 11 points 19 hours ago (1 children)

"fun" fact, Stockholm syndrome doesn't exist. it comes from the fact that some of the hostages in a particular situation felt that the police constantly attempting to escalate were a greater threat to their safety than the people who took them hostage, and wanted them to just negotiate instead of repeatedly trying and failing to do swat-style raids of the building. this perfectly reasonable reaction couldn't be allowed to be presented in the media, so they made up a fake psychological condition to explain it

[–] 01189998819991197253@infosec.pub 5 points 15 hours ago* (last edited 15 hours ago) (1 children)

I've never heard that before. Do you have source/s so we can learn more about this?

Edit. Autocorrect

[–] arctanthrope@lemmy.world 2 points 15 hours ago (1 children)

I don't have a good source myself, I heard it secondhand from someone who was citing an interview with one of the hostages, but I wouldn't know where to find it

[–] 01189998819991197253@infosec.pub 4 points 13 hours ago

Not sure who downvoted you, but at least votes mean nothing on Lemmy.

Anyway. I think I found something on the topic, if you're interested

[–] Telorand@reddthat.com 4 points 19 hours ago

I think it's more akin to indoctrination. "You, too, can be independently wealthy if you work hard enough. Just look at these very ~~ab~~normal billionaires!"

[–] sundray@lemmus.org 15 points 20 hours ago

People: WE DON'T WANT THIS AI SHIT

Billionaires:

[–] Archimedes@sh.itjust.works 8 points 18 hours ago

At this rate of growth we're all going to be billionaires soon!

[–] beep@piefed.world 5 points 19 hours ago

Sigh

The UBS Report, that the whole article appears to be based on.

I don't know why the Guardian had choosen to get this sloppy with this article.

For the OP who posted this article here, this article doesn't seem even related to technology.

I don't know what to say.

[–] Tim_Bisley@piefed.social 1 points 19 hours ago

The voting turnout at least where I am was still abysmal for the primaries. There were some positive results still. I want these candidates pushing HARD for taxing the rich and corporations. Enough of this BS.