@leevisaari.bsky.social from @ainowinstitute.bsky.social on the #AI bubble:
"Open AI lost 10bn in the last quarter. Three big tech companies spent 350bn on AI last year, and our EU competitiveness fund is 450bn over the next 6 years. This is a bubble which is going to burst."
#FinanceForSociety
Adriana Cuppuleri from @algorithmwatch.org addresses how AI influences credit scoring systems and the huge gap in agency regarding the technologies that have an effect on our lives:
"Scoring is never just neutral, it is built on a political assessment."
#AIAct #FinanceForSociety
🤖 AI is reshaping finance faster than regulation can keep up.
Adriana Cuppuleri from @algorithmwatch.org, @leevisaari.bsky.social from @ainowinstitute.bsky.social and Christian M. Stiefmüller discuss how Big Tech is reshaping our financial system (and society).
#FinanceForSociety
@annpettifor.bsky.social on the role of pension funds at the #FinanceForSociety Forum:
"Pensions should be invested in the domestic economy to provide for domestic growth, employment and income, from which the future pensions can be paid."
@annpettifor.bsky.social on the migration away from national boundaries - and democratic oversight and regulation - at the #FinanceForSociety Forum:
"The global economy is now effectively governed by those active in private global markets in money; not the democratic governments or the IMF."
@annpettifor.bsky.social at the #FinanceForSociety Forum:
"To the detriment of the rest of us and while the casino operates in another sphere altogether, it remains tethered to the real 'bailout economy' we live and work in: our pensions, cost-of-living, housing and our climate."
@annpettifor.bsky.social touches on the hype and marketing behind the #AI bubble at the #FinanceForSociety Forum:
"The AGI bubble may just be a vast techno-dystopian power play to put tech bosses at the helm of political and economic control. This is class war at its most brutal."
📣 LIVE NOW! @annpettifor.bsky.social speaks along with Greg Ford from Finance Watch at the #FinanceforSociety Forum in Brussels on challenging the global casino by building economic and climate justice.
Watch here 👇
@andrewwatteu.bsky.social from @etui.bsky.social on the need for a bigger role for public finance:
"We need a bigger EU budget, common borrowing and safe assets, as well as a further reform of fiscal rules with the view of enabling public investment."
#FinanceForSociety
@thomasfazi.bsky.social at the #FinanceForSociety Forum:
"95% of #BlackFriday sales were financed. (...) People are entering long term indebtedness to maintain consumption levels. These kind of high levels of private debt were exactly what caused the last financial crisis."
@dirkehnts.bsky.social on the past examples of using credit policies to steer finance into productive industry at the #FinanceForSociety Forum:
"A different world is possible and we have already been there. We need to reimagine it for the XXI century!"
@christinejberry.bsky.social at the #FinanceForSociety Forum:
"The financial sector weaponises complexity. We see this playing out in advocacy; shaping complex regulations which are now being unwound because the industry then says they are 'too complex to comply with.' How do we break this cycle?"
@geoffmann.bsky.social at the #FinanceForSociety Forum on how uncertainty and crises are shaping our societies, reducing the assumption of a stable horizon:
"The now annual ‘hundred-year flood’ is a good metaphor for where we are."
@geoffmann.bsky.social on the need to re-politicise finance at the #FinanceForSociety Forum:
"Global tumult has accelerated in the last decade and dangerous is the new normal. But finance is how capital selects its future. Finance is the single greatest means to address an age of uncertainty."
Our secretary-general Benoît Lallemand touches on climate change at the #FinanceForSociety Forum:
"Currently, climate scenarios massively underestimate the cost of climate change (...) and even if we recognised the true cost, we still need massive political courage to start addressing the problem"
@geoffmann.bsky.social ponders on the role of finance at the #FinanceForSociety Forum:
“Finance is the single most important machine in the construction of the future, the crucial first step in planet-making. It’s the most powerful tool we have to address the future and its uncertainties.”
Today at the #FinanceForSociety Forum, @geoffmann.bsky.social, political economist and professor of geography at Simon Fraser University, touches on how we can hope to reimagine finance for a planet in crisis.
Watch now 👇
I'll be in Brussels for the #FinanceForSociety Forum on 4 December to discuss how today’s crises are reshaping finance.
We'll explore what it takes to tame the Global Casino and build a system for economic and climate justice..
Register 🎟️ www.finance-watch.org/campaign/fin...
🔍 Soon, we’ll be discussing how we can defend and advance a financial system that works for people and the planet at the #FinanceforSociety Forum in Brussels!
Register now to join the conversation on 4 Dec 👉 www.finance-watch.org/campaign/fin...
📣 BREAKING: Geoff Mann will join the #FinanceforSociety Forum on 4 December in Brussels!
A leading voice on the politics of crisis and capitalism’s uncertain future, and author of Climate Leviathan.
Join by registering through our website 👉 finance-watch.org/campaign/finance-for-society-forum-2025
📣 Ann Pettifor will be at the #FinanceforSociety Forum on 4 December in Brussels!
She has been a leading voice on finance & justice and will soon publish her new book The Global Casino on the hidden world of shadow banking.
Join us by registering today 👉 www.finance-watch.org/campaign/fin...
📣 Ann Pettifor will be at the #FinanceforSociety Forum on 4 December in Brussels!
She has been a leading voice on finance & justice and will soon publish her new book The Global Casino on the hidden world of shadow banking.
Join us by registering today 👉 www.finance-watch.org/campaign/fin...
