The AI bubble is going to bust and workers will pay for it – ft. Michael Roberts

Have you ever wondered what is a financial bubble?! And how does that impact common people? Is that a reasonable question to ask ourselves? What about governments that are so keen in pumping our social contributions, via private pension funds, into the US financial markets? Is that really in our best interest? And what about crazy CEOs of companies with PE ratios of 450 going on telly ranting about “they are shorting my company, the greatest company in the whole world!!”. But what if the same guy actually sold 1.9 bln of Palantir stocks between January ‘24 and March ‘25. And what if the same guy sold 59 mln of Palantir stocks just two weeks after having gone on TV demanding “retail investment”? Now, this is just an example of a massive AI bubble that has been going on for years. If you want to learn about this, have a look at this interview in which marxist economist Michael Roberts guides us into the intricacies of financial markets and how finance is a tool of “accumulation by expropriation”.