How an AI Bubble Crash Could Be Worse Than the Great Depression

Prof. Wolff on The Socialist Program

On The Socialist Program, Richard Wolff examines the looming AI bubble, connecting it to capitalism’s recurring cycles of speculation and crisis. He outlines the risks of an AI-driven market crash, its likely impact on workers, and the broader instability built into profit-driven investment frenzies. Wolff contrasts this with a socialist approach to AI—one that uses technological gains to expand leisure, share surplus collectively, and prioritize social well-being over corporate profit.