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.
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