Not long after I posted this:
I found this Hank Green video:
…Which contains a slightly more complex diagram than the ones Atrioc draws in this video that I’d already seen:
And now Hank’s video has been referenced by Coffeezilla as part of a balanced “this is what different people are saying” explanation:
Atrioc also uses a longer version of the Bezos clip here with additional commentary and highlights of specific business links:
(Irony disclaimer: Atrioc was previously involved in a deepfake NSFW content controversy.)
I don’t necessarily think that Jeffy B is wrong about societal benefit from tech and industry bubbles, but he ignores (or is just ignorant to) that most of the losers won’t be the businesses and VC, but will be people directly and indirectly affected by negative market conditions through pensions and investments and aren’t as financially insulated as he is. He also may have some level of survivorship bias from Amazon’s survival of the dotcom bubble, which was at that time was due to having a profitability strategy which doesn’t currently seem to exist with AI.