cross-posted from: https://lemmy.dbzer0.com/post/74936481
… 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.
There’s already worse conspiracy theories: let the economy crash and blame it on rogue AI to get the government out of debt while the rich move the assets somewhere else. A bailout is just the beginning.