... as hundreds of billions of dollars are flooding into artificial intelligence, there are serious concerns that an AI bubble could trigger another bailout with taxpayer money.

In the interview that follows, leading progressive economist Gerald Epstein, who initiated and directs the Game Changers project at the Political Economy Research Institute at the University of Massachusetts Amherst, talks about AI’s impact on finance and the bailout problem and how a transformative public finance strategy can revive democracy, promote equity and social justice, and build strong and sustainable communities.

you are viewing a single comment's thread
view the rest of the comments
[–] 3 points 2 months ago

The employees of the AI companies will lose their jobs.

Spend the bailout money helping them instead. Maybe even make some sort of society wide safety net, so people don't need to fear losing their jobs through no fault of their own. Let the companies sink or swim on their own merits.

  • source
  • parent