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All moments › Tradermayne agrees with Cobie's take about the privatisation of AI wealth.

Wealthy elites monopolize investment opportunities while average people cannot access wealth creation.

From Tradermayne agrees with Cobie's take about the privatisation of AI wealth. · jumps to 0:00 · speech

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We are seeing unprecedented privatization of wealth building opportunities. And essentially what Kobe says here is it's really difficult for the average person to get access to wealth, the wealth that's being created. There was a privatization of effectively $5 trillion and I think it leads to social revolution. Every epoch has a period of peace followed by the elites diverging from the public and then social instability. They overthrow the elites, eat them or behead them. I think about this private market stuff quite a lot because it's effectively a complete betrayal of the capitalist system. And really what he's talking about is exactly this. So the average person, you see all the crazy stuff happening in AI and all that the government and the media and people online are telling you is like, AI is this revolutionary thing that's changing the world and these companies are getting richer and richer and they're making all this money and they're spending hundreds of billions of dollars, right?
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