Geopolitical Economy Report
Geopolitical Economy Report
Ben Norton
Huge bubbles in AI & US stock market grow, while real economy is in recession
33 minutes Posted Oct 21, 2025 at 12:53 pm.
Economy divided between rich & everyone else
Many US states already in recession
Biggest stock market bubble in history
90% of stocks owned by 10% richest Americans
Magnificent Seven (Mag7) Big Tech stocks
Ten Titans Big Tech stocks
AI bubble
(CLIP) Jeff Bezos: AI is in "good bubble"
95% of AI pilot programs fail
Investors keep buying overvalued stocks
Markets can remain irrational
Irrational exuberance
Dot-com bubble
US share of global stock markets
US vs Chinese tech company revenue
Tesla vs global automotive industry
Top 10 US stocks: 16% global market cap
Recession
Stagflation
AI capex contribution to US GDP growth
AI is eating the economy
AI drives up electricity bills
Trump shuts down renewable energy
AI adds more to GDP than shopping
US job growth collapses
Bifurcated economy
Outro
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Show notes
The US economy depends more and more on enormous bubbles in the stock market and AI. The 10% of richest Americans drive half of all spending, while the real economy in many states is in recession. If the bubble pops, it could cause a severe crisis. Political economist Ben Norton explains.
VIDEO: https://www.youtube.com/watch?v=rXCVrLPTUHQ
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