Well, if they were to start doing this on a large scale, everything would probably collapse pretty quickly.
If, for example, BlackRock were to pull its billions out of AI companies, “the market” would be terrified and smaller investors would start asking about the business model—then they’d quickly realize that it doesn’t add up at all, and they’d want to sell their shares as well, because even this giant player has lost their trust.
The result would likely be the collapse of the global economic system, since such absurd amounts of money are at stake here that a crash would make the 2003 banking crisis look like a minor slip-up.
The bitter truth is that this will almost certainly happen sooner or later—and this time, governments will no longer be able to step in to bail out the “systemically important” megacorporations, because the sums involved are so vast that even the richest countries in the world can no longer foot the bill.
Well, if they were to start doing this on a large scale, everything would probably collapse pretty quickly.
If, for example, BlackRock were to pull its billions out of AI companies, “the market” would be terrified and smaller investors would start asking about the business model—then they’d quickly realize that it doesn’t add up at all, and they’d want to sell their shares as well, because even this giant player has lost their trust.
The result would likely be the collapse of the global economic system, since such absurd amounts of money are at stake here that a crash would make the 2003 banking crisis look like a minor slip-up.
The bitter truth is that this will almost certainly happen sooner or later—and this time, governments will no longer be able to step in to bail out the “systemically important” megacorporations, because the sums involved are so vast that even the richest countries in the world can no longer foot the bill.
I tend to agree with you