Too Big To Fail 3.0

The Illusion of Free Markets and Fascism

Morning Comrades.

This is a piece about AI, or rather the industry behind it in the US, to illustrate the recent and public support by the US Tech Giants of Trump and Co. and how it very clearly illustrates the very nature of Fascism. At the time of writing this last dispatch of the week, Monday, the Nasdaq is in free fall as a new LLM AI tool was released called DeepSeek. Now, I am not involved enough in the fantastical world of Silicon Valley and Wall Street to get into the nitty gritty of it, and much of what I understand of the world comes from Ed Zitron but a few very basic premises will follow.

Like much of what Silicon Valley produces, the AI bubble is hugely inflated, both in what it actually does and what it is “worth”, or rather what it demands financially. DeepSeek’s latest AI model rose to the top of the Apple’s appstore charts over last weekend, presenting a visible challenge to costlier models like OpenAI and raising questions over the hundreds of billions in spending on the technology by the likes of Microsoft Corp., Meta Technologies Inc. and Alphabet Inc. It also put a spotlight AI chip producer Nvidia Corp., whose shares soared ninefold in the past two years, making it the highest-valued company in the world and now looks to be a fraud, like the majority of what comes out of said companies.

The point is, DeepSeek was put out into the open, not only as an Open Source reality but as claimed, was created for a fraction of what Silicon Valley has demanded and continues to demand, genuinely putting those fraudsters into the spotlight.

“DeepSeek-V3, for example, was trained for a fraction of the cost of comparable models from Meta. While the reported $5.5 million figure represents a portion of the total training cost, it highlights DeepSeek’s ability to achieve high performance with significantly less financial investment- Forbes”

All this can and should remind you of a little something that happened in 2007-2009. Similar to the majority of US wealth, it is fictional, based on promises made by unsavoury bastards in Wall Street. Now the above soft power move by China has the potential, again, at the time of writing, to pop one of the biggest financial bubbles in the western world.

Granted, capital uses politics as we know it as a guaranteer of the continuing profits. However, as we have seen in the past, especially in the US, when their ponzi schemes get exposed and their bubble bursts, they rely heavily on any governments ability to print fiat and thus not only keep them out if jail but in power. Anyone old enough to remember 2008, remembers how none of the Bankers suffered, but we all did.

As to Trump, Silicon Valley and Fascism, seeing that this bubble was always going to burst, maybe now, we can understand their public support of his mob empire. What’s to come for us, workers, we can estimate but let’s get into it.

Privatise Profits, Socialise Losses: A Critique of the Illusion of Free Markets and Capitalism’s Drift Toward Fascism