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Curious Crow
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Comments by "Curious Crow" (@CuriousCrow-mp4cx) on "Microsoft Issues a Dire Warning "The AI Bubble Is About to Burst"" video.
The monopolization of investment by TBTF corporations is shrinking the U.S. economy’s long-term capacity by: - Reducing competition and innovation, leading to lower productivity growth. - Concentrating systemic risk, making economic crises more severe. - Depressing wages and job creation, harming the middle class. - Raising consumer costs, transferring wealth from the public to monopolistic firms. Estimated cost to the U.S. economy: - $1.5-$2 trillion in lost GDP over the past decade. - $300-$400 billion in annual wage losses due to reduced labor market competition. - $500 billion in excess consumer costs from monopolistic pricing power. Without major structural reforms, the U.S. risks entering a period of prolonged economic stagnation, where a small number of dominant firms dictate economic growth, while true competition and broad-based prosperity decline.
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