Organized Money
Organized Money is a podcast about how the business world really works, and how corporate consolidation and monopolies are dominating every sector of our economy. The series is hosted by writers and journalists Matt Stoller and David Dayen, both thought leaders in the antimonopoly movement. Organized Money is a fresh spin on business reporting, one that goes beyond supply and demand curves or odes to visionary entrepreneurs. Each week Matt and David break down the ways monopolies control everything from the food we eat, to the drugs we take, the way we communicate and even how we date. You’ll hear from workers, business leaders, antitrust lawyers, and policymakers who are on the front lines of the fight for open markets and fair competition.
If you care about an economy that is free and open, one not controlled by a handful of corporations, Organized Money is for you. New episodes out every week until the end of the year. Organized Money is a Rock Creek Sound production, from executive producers Ari Saperstein and Ellen Weiss, and senior producer Benjamin Frisch.
Organized Money
The AI Bubble Everyone Wants To Pop
With its promise to displace jobs and disrupt daily life, AI and large language models have formed a unique market and social bubble: one that nearly everyone hates. Despite little revenue, billions of dollars are promised by hyperscalers like Google and Meta to help build out AI data centers in increasingly arcane financing schemes that are propping up the otherwise meager economy.
Today on the show Matt and David invite two guests: Advait Arun, Senior Associate for Capital Markets at the Center for Public Enterprise and author of a recent paper on data centers, Bubble or Nothing; and Sarah Meyers-West, who is the co-executive director of the AI NOW Institute, to discuss the strange place we've found ourselves in. We discuss the state of the AI economy, the complex ways these data centers are financed (including old favorites like credit default swaps), how the bubble might pop, and what the consequences might be.
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