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.
Today it is obvious that most “AI companies” will never be able to pay back all what they owe. And still investors are shoving fresh money into them.
My question is, will these bosses ever treated properly as the fraudsters they are?
That would be a start IMHO to deal with the problem in a sensible way. But currently it is regarded from a different angle, and that makes it look more complicated.