Posted at Hartmann Report on Oct. 30, 2026
Will the AI Bubble Expose the Greatest Betrayal of America’s Working Class?
The billionaires promise a technological paradise while predicting the decline of human labor. But if their gamble collapses, who loses their jobs, who keeps their fortunes, and who pays the bill?
The AI bubble and it’s possible disintegration gives us some pretty grim insights into the question of what happens when the richest people in the world rebuild the economy in a way that it no longer needs working people, but still expects them to pay their bills.
Reuters reported this week that China’s AI and semiconductor stock boom has suffered a sudden and staggering reversal: their STAR50 index of Beijing’s AI and chip champions (like our NASDAQ) has plunged 40 percent in less than four months, wiping out roughly $480 billion in market value.
