AI: the biggest economic bet in US history
With billions pouring into AI coffers – but no sign of any profitability – Michael Roberts expects a crash to come. But will it smash the technology it is creating? Unlikely.
Tag: Economics
Can AI save capitalism?
Michael Roberts looks at the investment boom in artificial intelligence and examines if it is sustainable or heading towards a bubble burst.
Iran and the US economy
Donald Trump has released an economic genie with his war on Iran. British Marxist economist Michael Roberts looks at repercussions for the US economy.
Will AI robots steal our jobs?
Atlassian just announced it is cutting 1600 jobs due to AI. Michael Roberts looks at how AI could fuel capitalist crises.
Capitalism fuels the cost-of-living crisis
Clever government reforms or inspired Treasurers can’t fix capitalism’s economic malaise. It’s hardwired into the system, says Don Sutherland.
Europe’s debt, war and decline
Australia’s ruling elite seems hopelessly tied to London and Washington. Abe David argues its time to cut the apron strings.