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Is AI about to cause the next major financial crash?
Professor Steve Keen, who famously predicted the 2008 financial crisis, offers a sobering perspective on the current AI boom. By analyzing historic economic cycles—specifically the pattern seen with 19th-century railways—he argues that we are witnessing a classic boom-and-bust trajectory. While new technologies eventually provide immense societal benefits, the initial rush often leads to widespread corporate failure. With AI threatening mass unemployment and market volatility, this analysis highlights why a significant economic slump could be closer than many investors believe.
#Economics #AI #SteveKeen #FinancialCrisis #TechBubble #Investing #MarketTrends
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