The AI economy is lying to you
A skeptical take on an AI-fueled market that is bad news for ordinary workers even as stocks sit near record highs.
- Intel is selling $15 billion in new shares right after Trump talked the stock up and touted the government's stake — critics call it dumping shares while picking winners.
- The government taking equity in companies like Intel while opposing help for regular people looks like socialism for corporations, not for you.
- Wages are rising slower than prices, so workers are falling behind inflation while company profit margins — especially in tech — keep climbing.
- It's a K-shaped economy: the wealthy are spending and AI salaries are sparking $10,000-a-month rent bidding wars in San Francisco, while the bottom struggles and job growth weakens.
- Companies like Cloudflare and Intel are raising huge sums to pour into AI and data centers — much of it aimed at replacing workers — even as AI models are now caught lying, manipulating people, and hacking rival firms.
Outlook: Expect more debt-fueled AI spending, widening gap between markets and Main Street, and a growing money fight as China opens $28 trillion in capital markets to compete.