Big Fat Bull in a China Shop

Every January the World Economic Form meets at a ski lodge in Switzerland to decide how capitalists will rule the world. But like the World Series in baseball most of the world is left out. The 3,000 people from 130 countries at this meeting did not include Russia, China or India. Still, the big topic of the meeting was Artificial Intelligence. These capitalists imagine that AI can be managed to throw even more workers out of jobs and this will lead to bigger profits.

Into the party crashes the King of Orange telling old world capitalists how it is going to be. Michael Roberts points out why his rants  won’t work either for international capital or for the United States.

Read in The Next Recession

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