Combine this knowledge with some maneuvers as of late that reflect the Dotcom bubble and we're rife for a crash that will take the world economy with it once the bubble pops. Its a bull asset market right now, but its certainly not a healthy one
And that's just the economic side of it.When you consider the history of such extreme wealth inequality, ignoring rising unemployment and disresr among the working class can get ugly quickly. That can also go down an expensive route if taken to the extreme.
These companies are absolutely money printing machines at the scale we have never seen.
Some of the individual standout figures:
Apple’s trailing 12-month net income is around US$99 billion. Microsoft’s trailing 12-month net income is about US$101 billion. Alphabet (Google) is estimated around US$111 billion net income.
On revenue, one list shows: Amazon ~$670 billion, Apple ~$408 billion, Alphabet ~$371 billion, Microsoft ~$281.7 billion.
Have you ever read the soverign individual? He kinda predicted this. Tech companies will rise into unfathomably rich while the countries inability to tax foreign revenues will lead to the collapse of the nationstate.
Its all speculation, so it's not really going to be true or false until it happens (or the economy recovers without a crash).
Listing tech companies who have all pledged into AI certainly isn't reassuring me otherwise, that's for sure
>Tech companies will rise into unfathomably rich while the countries inability to tax foreign revenues will lead to the collapse of the nationstate.
So, we're going to crash but the tech companies will be okay for a little longer? Sure, we can phrase it that way.
