Re: The AI boom might implode, but not for the reasons you think (fwd)

[robert <http://dummy.us.eu.org/robert>]

This almost frames AI as actually helping with tasks.  It can in some
certain circumstances, but it's definitely not a panacea and won't cause
mass unemployment.

However, the rest of the argument made here is completely valid.

 > From: Noelle <noelle>
 > Date: Sat, 8 Aug 2026 08:20:21 -0700 (PDT)
 >
 >  > From: The Real News Network <http://www.therealnews.com/~contact>
 >  > Date: Thu,  6 Aug 2026 21:03:55 +0000
 >  > 
 >  > https://support.therealnews.com/-/XBZLBAWC?utm_source=The+Real+News+Network&utm_campaign=6e6ece6a16-EMAIL_CAMPAIGN_2026_08_06_07_46&utm_medium=email&utm_term=0_-6e6ece6a16-425088386&mc_cid=6e6ece6a16&mc_eid=UNIQID
 >  > 
 >  > Noelle,
 >  > 
 >  > Speculation that the AI bubble is about to burst has been rampant. But if 
 >  > and when it happens, the cause won't solely be a flawed business model or 
 >  > overconfident Wall Street bankers. It could also be that the entire AI 
 >  > enterprise is teetering on the shaky foundation of historic wealth 
 >  > inequality.
 >  > 
 >  > That's one of many takeaways from our conversation with economist Dean Baker,
 >  >  author of Rigged: How Globalization and the Rules of the Modern Economy 
 >  > Were Structured to Make the Rich Richer. Baker breaks down the factors that 
 >  > could overwhelm the country's trillion-dollar bet on data centers and 
 >  > computer chips.
 >  > 
 >  > Baker reminded us of a fact that still shapes AI's future: it's buoyed by a 
 >  > hype machine that enriches companies which have yet to turn a profit. CEOs 
 >  > like Sam Altman of OpenAI and Dario Amodei of Anthropic feed a frenzy of 
 >  > speculative investment. Their own warnings of mass job losses and economic 
 >  > dislocation double as the perfect accelerant for an economy already built to 
 >  > concentrate wealth in fewer and fewer hands.
 >  > https://youtu.be/b-P9qaAq-_0?utm_source=The+Real+News+Network&utm_campaign=6e6ece6a16-EMAIL_CAMPAIGN_2026_08_06_07_46&utm_medium=email&utm_term=0_-6e6ece6a16-425088386&mc_cid=6e6ece6a16&mc_eid=UNIQID
 >  > 
 >  > Even a proposed sovereign wealth fund meant to let average Americans share 
 >  > in the AI boom could end up further concentrating economic power, Baker 
 >  > argues.
 >  > 
 >  > To hear more of what Dean thinks, and what we should all be watching for as 
 >  > we brace for a possible AI meltdown, you can watch our full discussion here (
 >  > https://therealnews.com/economist-baker-explains-ai-bubble-is-about-to-burst?utm_source=The+Real+News+Network&utm_campaign=6e6ece6a16-EMAIL_CAMPAIGN_2026_08_06_07_46&utm_medium=email&utm_term=0_-6e6ece6a16-425088386&mc_cid=6e6ece6a16&mc_eid=UNIQID
 >  > ) .
 >  > 
 >  > Just remember: reporting like this, which challenges conventional wisdom, is 
 >  > only possible because of your support. Please help us keep reporting from 
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