AI Economic Meltdown: The Coming Expert Squeeze /๐งต There is a frenzy today that is seemingly unstoppable -- the process of replacing human workers with AI. On another front, the idea that AI has now reached a level beyond the smartest human beings is promoted by CEOs like Sam Altman, Dario Amodei and Elon Musk. In cases where humans aren't replaced, they're expected to augment themselves with AI models to increase their productivity. On the opposing side, there are people who speak of the technology as impractical, overhyped or down right dangerous. This thread is going to take a different angle to these people: I will demonstrate not only this replacement will become a self-fulfilling prophecy, but why we are locked into this process (which has become an inescapable ponzi scheme) and it will culminate in the destruction of western economies. In this short thread I'm going to show you why, starting with the economic feedback loops, the limitations of the technology, and finally human psychological dependency and the incentive process. To bring it all together, I will explain why the entire western economy is now dependent on this hype, and why the alternative is also collapse of a different kind. I will start with the main driver of this trend: the economy.