AI Threatens the Finance Industry

Global trade and corporate borrowing exploded. And the global financial system, which had been roughly the same size as the real economy through the 1970s, grew rapidly to being more than five times the value of global economic output today.

Politically, that delivered rapid deregulation and policies that prioritized assets over income, Shvets argues in his recent book The Twilight Before The Storm. 

More people and companies gained access to greater amounts of debt for all kinds of investment and consumption.

Shvets’s warning is that AI unchecked will swiftly widen and deepen the resulting social fractures. It’s never been easier to become a billionaire or to sink into inescapable poverty, Shvets told me.

Paul J. Davies Bloomberg February 11, 2026 

https://www.bloomberg.com/opinion/articles/2026-02-11/ai-threatens-the-finance-industry-s-perpetual-profit-machine






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