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Is AI the dot-com bubble again?

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Manage episode 501540817 series 3475482
Content provided by Richard Murphy. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Richard Murphy or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

This video asks a simple question. Is the AI-fuelled stock-market mania echoing the dot.com crash?

I compare FTSE 100 and S&P 500 crashes, highlight that the S&P is now trading at price-to-book levels above 2000, and show how mega-cap tech stocks now represent nearly a third of the index.

Recovery after 2000 took years, cushioned by government intervention—especially in the UK. But will that happen again, or will neoliberal ideology prevail, letting zombie firms and market excess implode?

If we care about economic justice, public accountability and avoiding speculative disaster, this is urgent. A crisis could be coming.

  continue reading

311 episodes

Artwork
iconShare
 
Manage episode 501540817 series 3475482
Content provided by Richard Murphy. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Richard Murphy or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

This video asks a simple question. Is the AI-fuelled stock-market mania echoing the dot.com crash?

I compare FTSE 100 and S&P 500 crashes, highlight that the S&P is now trading at price-to-book levels above 2000, and show how mega-cap tech stocks now represent nearly a third of the index.

Recovery after 2000 took years, cushioned by government intervention—especially in the UK. But will that happen again, or will neoliberal ideology prevail, letting zombie firms and market excess implode?

If we care about economic justice, public accountability and avoiding speculative disaster, this is urgent. A crisis could be coming.

  continue reading

311 episodes

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