AI certainly looks a lot like a bubble, but I’d caution leftists from being too smug about it. We used to ridicule Amazon for being a perennial money-loser. And Netflix. And Uber. Now they’re all profitable and have remade whole industries, and American life. For the worse!

I think on the left we posture as cynical, wise, and confrontational—as resisting the hype and the inevitability, as *doing something* by scoffing at these “fake” companies and technologies—but it’s really self-soothing cope