It is a perfectly good direction. There's a certain beauty in herds charging off a cliff.
Why spend 1.5 trillion on feeding and housing the poor? Provide education or healthcare for everyone when you can just buy AI chips for datacentres to suck up all the water and power??
Yields are spiking, inflation is hot Fed has to raise rates, Nvidia's CEO might have put a magnifying glass on the company's financials, open weights are catching up to frontier and there's not enough power to get it all working. A great big shellacking needs to happen to give people some humility.
...and yes peoples 401k's are already in bed with AI and people that never made a bet on AI will suffer but more importantly a lot of the people leading them astray are going to get burnt. Funds gonna blow up, companies are going to be bankrupt. I do not welcome it but one cannot help but wonder how they can benefit if that's the way the tide is going...