2026-09-03 16:25 UTC
Taxpayers Must Not Be on the Hook for Bailing Out the "AI" Industry
… 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.
Replies (6)
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@WizardofFrobozz@lemmy.ca 2026-09-03 22:20
Americans don’t care. They’ll roll over and do nothing. Watch.
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@flandish@lemmy.world 2026-09-04 00:37
to be fair, we should not bail out ANY industry. if you fail at capitalism so bad you need a bailout- tough shit.
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@PattyMcB@lemmy.world 2026-09-04 01:56
Uhh… billionaires asking for bailouts is peak failed capitalism.
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@teelin134@programming.dev 2026-09-04 04:06
Too bad, they already figured out a way to make it happen.
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@isleepinahammock@lemmy.blahaj.zone 2026-09-03 21:06
Too late. It’s already baked in through the insurance industry reinsurance mechanisms.
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@Canconda@lemmy.ca 2026-09-03 16:56
Yea but we already know that’s what they’re gonna do regardless of what anyone says. Just like we already know things are eventually going to get bad enough that killing the epstien-billionare class becomes both moral and necessary.