… 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.
Bailing is the agricultural process of cutting, drying, gathering, compressing and tying up of forage crops into compact, manageable bundles for easy storage and transport.
Therefore, I am all for bailing the CEO’s out of AI companies. We can all lend a hand in cutting them down, drying them, gathering them, tying them up and compressing them into manageable bundles for easy storage or… whatever… toss them into a volcano?
Baling*
Correct. They are getting bailed out, the terminology from using buckets to keep a boat afloat, hence the usage in this context. They are attempting to keep the industry afloat. Farmers bale things.
Sounds like a recipe for jerky. Eat the rich.
Artisanal hand-crafted AI billionaire jerky.