06/04/2026
Today I want to talk about the two industries that threaten our economy the most and that is AI and cryptocurrency. Robert Reich has been writing about this for a while because he’s very concerned as both can seriously affect our economy. I’m not a finance person, but the pattern looks scary and unstable. Yet people are getting very rich, including of course, the president and his friends. Even though people like Peter Thiel and Elon Musk would like AI to replace humans because they don’t have empathy for humans or think that humans at value, we know the human touch is really important in certain areas. I am doing research on how patients perceive their physicians using AI, and it’s definitely a mixed review. But regardless, AI is here to stay. It’s bad for the environment, but it’s making a certain class of people very rich and eliminating jobs for others. This bubble likely will not last and we need to prepare.
And a few people are becoming billionaires due to AI. We don’t need any more billionaires!!
https://www.nytimes.com/2025/12/29/technology/new-billionaires-ai-boom.html
And Meta is really investing in AI. Again, this is an oligarch pushing it.
https://www.nytimes.com/2026/02/18/technology/meta-65-million-election-ai.html
And stocks are rising due to investments in AI. Most people do not own stocks. Just lining the pockets of the wealthy. No thanks!
https://www.nytimes.com/2025/12/31/business/stock-market-2025-artificial-intelligence-bubble.html
And even MAGA are not happy about data centers in their neighborhoods.
https://www.ft.com/content/0c9ec7b1-f9a6-41db-9493-3ff09f6943ef
Please watch Robert Reich’s short video explaining how the bubble likely will burst. We cannot bail out these oligarchs when that happens.
https://youtu.be/0wxBHxpMFXA?si=65YJ4LGg-apARL3p
Please remember that when we personally use AI, we are contributing to some of these issues.
https://engageddefendersfordemocracy.substack.com/p/ai-and-cryptocurrency-pose-the-biggest?
Good morning Engaged Defenders for Democracy!