This point needs to be front and center when we hear the AI boys telling us that we have to save their rears for our own good. They had no intention of sharing their AI bonanzas with us (see how much money they are spending to defeat California’s wealth tax), and there is no reason the rest of the country should come up with the money to keep their companies going.

There is a reason we have bankruptcy law. The companies that got themselves in too deeply — in debt and lease commitments — and can’t pay their bills can go into bankruptcy. The shareholders get wiped out, but the companies, insofar as they have useful lines of business, keep operating.