… 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.
People are more likely to show up for the third box, if they’ve seen that the first two don’t.
It’s a numbers game, and we need to show as many as people as possible that a last resort really is the last resort and nothing else will fix it.
Like, they were doing shady shit, it wasn’t working, so the voting members of the DNC gave neoliberals the boot.
That just fucking happened 19 months ago, and it happened with votes. And immediately materialized in a shit ton of wins because the DNC stopped hoarding money and started spending it on outreach.
If you don’t understand how huge that is, then you’re failing for neoliberal propaganda. They’re desperate to make it look like they control the party, because depressing Dem turnout is the only chance neoliberals have to grab the party back.p
Oh, you can vote, sure. I’m just saying that there will be assassinations and refusals to hand over power.
No, you’re saying you think there will be…
Regardless of its right or not, right now that’s an opinion, an assumption at best.
Just a student of history, that’s all.
A ruling class accustomed to power will pretty much never allow that power to be taken away from them peacefully.
Oh hey look at that…
From a sure thing to “pretty much never”
If I gave a fuck about helping you understand things, I’m sure we could work this out eventually.
But I don’t, so best of luck in all your endeavors, except trying to depress Dem turnout.
I don’t know how you’re getting that from what I’m saying.
Yes, you absolutely should be voting. But you should also be prepared for what comes next.