# Is AI About to Crash the Global Economy?

An episode of [The David McWilliams Podcast](https://invisiblenetwork.ai/podcast/1462649946), 16 Jul 2026, 41 min.

Audio: https://sphinx.acast.com/p/acast/s/the-david-mcwilliams-podcast/e/6a57b9ce6f12922686524c3d/media.mp3

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. Hosted on Acast. See acast.com/privacy for more information.

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