… 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.
Too effing bad. Choices have consequences.
If it’s too late to avoid the economic fallout, we should at least avoid making the people responsible for creating this mess richer at the cost of taxpayer dollars. Maybe we’ll all take a hit, but let the shortsighted fuckers eat their own debt.