Is AI About to Crash the Global Economy?

16 Jul 2026 · 41 min · S2026 E58

Episode Is AI About to Crash the Global Economy?

0:00 40:37

History says yes. We rewind to 1873, when a stock market wobble in Vienna triggered a global railway crash that took down banks, empires and 80% of world lending in a matter of months, and ask whether we're staring straight at a rerun. AI spending is now bigger than the entire US defence budget, the same handful of companies are quietly funding each other in a circle, and China is quietly open-sourcing the whole thing to undercut Silicon Valley. If it pops, it'll pop between now and October.

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