The REAL Reason The Next Financial Crash Has Started

The economist who predicted the 2008 financial crash reveals why the AI industry is heading for an identical collapse within the next 24 months. Professor Steve Keen explains that the biggest tech companies are on track to spend $720 billion on AI infrastructure in 2026 alone, while revenue is less than 20% of that spending, creating a 5-to-1 investment-to-income ratio that is historically unsustainable.

He reveals that the failure rate of AI-specific startups has already hit 90% in 2026, significantly higher than the 70% average for general technology companies, and that 95% of enterprise AI pilots fail to move into production after incurring massive costs. He explains this as a classic Schumpeter boom-bust cycle, the same pattern that destroyed 90% of railway companies and telecoms companies in previous eras, where massive overinvestment creates a boom followed by an inevitable crash when the technology undercuts existing businesses.

Discover:
• Why $720 billion in AI spending in 2026 is creating an unsustainable bubble
• How 90% of AI startups are already failing
• The historical pattern that predicts exactly when the crash will hit
• Why Steven stopped hiring candidates he would have taken six months ago
• How one analyst with AI agents replaced an entire team
• Why this economist predicts Bitcoin will go to zero
• The two possible futures: Star Trek abundance or Hunger Games oppression

📺 Watch the full episode here - https://youtu.be/PUO51DoSEqk

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