2026-09-07 08:02 UTC
Post-Keynesian economist Steve Keen shows how the #AIBubble is related to all the previous overinvestment bubbles.
He’s got the models and the math to prove it, and it’s easy to follow.
But most importantly, he then goes and models also the hypothetical post-AGI market with huge job losses.
Keen shows, that if the tech bros keep insisting on current #Neoliberal models without #UBI funded by a government deficit, we might end up in a Hunger Games world.
https://youtube.com/watch?v=TD3FB9NkwSQ
#economics
Replies (1)
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@david_chisnall@infosec.exchange 2026-09-07 08:53
@gimulnautti@mastodon.green But most importantly, he then goes and models also the hypothetical post-AGI market with huge job losses. I don't click on YouTube links, but this bit makes me sad. It's not just 'hypothetical', it's science fiction. Talking about the economic impacts of antigravity, cold fusion, or room-temperature superconductors would make as much sense, and connecting discussions of an investment bubble built on outright lies by discussing what would happen if those lies were actually true undermines the message.