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This is why I have de-leveraged almost completely. The whole economy is being led by fantasists and it's not going to end well. To think that value can be created without labour is to fundamentally misunderstand economics.

There's a section in Marx's Grundrisse that talks about how capitalism will essentially break down once exploiting labour is no longer the driving force behind profit. If this article is anywhere near true then that's what we're looking at - systemic collapse.

You do realize that this formulation: “X isn’t just about Y. It’s something different/worse.” …is directly modeled on a verbal tic “popularized” by LLMs. It’s been picked up/parroted endlessly by human writers after appearing incessantly in AI text output. I see it a dozen or more times per day.