https://tankie.tube/videos/watch/30f5a099-1718-48c3-ac31-3c3dcaa39a36 The US economy depends more and more on enormous bubbles in the stock market and AI. The richest 10% of Americans drive half of all spending, while the real economy in many states is in recession. When the bubble pops, it could cause a severe crisis. Political economist Ben Norton explains. Topics 0:00 Economy divided between rich & everyone else 1:36 Many US states already in recession 3:11 Biggest stock market bubble in history 5:31 90% of stocks owned by 10% richest Americans 7:23 Magnificent Seven (Mag7) Big Tech stocks 9:07 Ten Titans Big Tech stocks 9:58 AI bubble 11:46 (CLIP) Jeff Bezos: AI is in "good bubble" 13:26 95% of AI pilot programs fail 13:55 Investors keep buying overvalued stocks 15:12 Markets can remain irrational 15:26 Irrational exuberance 15:50 Dot-com bubble 16:28 US share of global stock markets 17:28 US vs Chinese tech company revenue 18:24 Tesla vs global automotive industry 20:49 Top 10 US stocks: 16% global market cap 21:07 Recession 22:23 Stagflation 23:04 AI capex contribution to US GDP growth 25:07 AI is eating the economy 26:01 AI drives up electricity bills 26:50 Trump shuts down renewable energy 27:42 AI adds more to GDP than shopping 28:49 US job growth collapses 32:13 Bifurcated economy 33:01 Outro || Geopolitical Economy Report || Please consider supporting us at https://GeopoliticalEconomy.com/Support Subscribe to our newsletter: https://GeopoliticalEconomy.Report Join us at Patreon: https://Patreon.com/GeopoliticalEconomy Thu, 09 Apr 2026 03:11:19 GMT https://validator.w3.org/feed/docs/rss2.html PeerTube - https://tankie.tube https://tankie.tube/lazy-static/avatars/3ba3ff73-a8b6-49c9-add8-9653ef090c7f.webp https://tankie.tube/videos/watch/30f5a099-1718-48c3-ac31-3c3dcaa39a36 All rights reserved, unless otherwise specified in the terms specified at https://tankie.tube/about and potential licenses granted by each content's rightholder.