Taxpayers Must Not Be on the Hook for Bailing Out the AI Industry

Hundreds of billions of dollars are flooding the AI industry. Economist Gerald Epstein says this bubble could burst.

Image: OpenAI CEO Sam Altman speaks to journalists after meeting with U.S. House Minority Leader Hakeem Jeffries on Capitol Hill in Washington, D.C., on June 3, 2026.Brendan SMIALOWSKI / AFP via Getty Images

 

C.J. Polychroniou of Truthout reports: “The U.S. economy is heading toward uncharted territory. Artificial Intelligence (AI) is transforming business operations and all areas of finance, the national debt is on an unsustainable fiscal path, and most middle-income Americans cannot keep up with rising costs. Moreover, as hundreds of billions of dollars are flooding into artificial intelligence, there are serious concerns that an AI bubble could trigger another bailout with taxpayer money.

In the interview that follows, leading progressive economist Gerald Epstein, who initiated and directs the Game Changers project at the Political Economy Research Institute at the University of Massachusetts Amherst, talks about AI’s impact on finance and the bailout problem and how a transformative public finance strategy can revive democracy, promote equity and social justice, and build strong and sustainable communities. Epstein is professor of economics and founding co-director of the Political Economy Research Institute…”

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