If #AI succeeds, the current system of “working to survive” becomes obsolete; if it fails, the #financialbubble splashes all of us. The problem isn’t that the machine is intelligent—it’s that the economic system isn’t designed for #humans to rest while machines work.
During the 17th c. #DutchGoldenAge, the #Netherlands had the highest per-capita income and pioneered many of #capitalism's features. #TulipMania, the first major #FinancialBubble, popped on #ThisDayInHistory in 1637, but had little effect on the economy unlike many later bubbles.
From tulips to chatbots.
In this week’s Pushing the Wave, L.A. Davenport looks at the AI boom—and what Carole Cadwalladr calls a “tech tumour” metastasising across the economy.
📖 Read now → pushingthewave.co.uk/more/thought...
#AI #FinancialBubble #TechHype #LADavenport #PushingTheWave
The $2T carbon credit tokenization boom shows alarming parallels to the 2008 mortgage crisis. Same promises: transparency, security, reliability—and same red flags. Are we building another financial house of cards on shaky verification? #RWA #CarbonCredits #FinancialBubble
ECB warns of 'AI stock bubble', urging caution amid depleted cash reserves in speculative frenzy
bytefeed.ai/finance/ecb-warns-of-ai-...
#investsmart #AIstocks #financialbubble
Crypto Mirage: The Digital Currency Delusion Unmasked
bit.ly/4eyDKqO
#Cryptocurrency #FinancialBubble #DigitalDelusion #InvestmentRisk #EconomicReality