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https://www.theguardian.com/commentisfree/2025/dec/17/europe-donald-trump-ai-bubble-us-economy-eu>
"The unthinkable has happened. The US is Europe’s adversary. The stark,
profound betrayal contained in the Trump administration’s national security
strategy should stop any further denial and dithering in Europe’s capitals.
Cultivating “resistance Europe’s current trajectory in European nations” is now
Washington’s stated policy.
But contained within this calamity is the gift of clarity. Europe will fight or
it will perish. The good news is that Europe holds strong cards.
The US’s bet on AI is now so gigantic that every Maga voter’s pension is bound
to the bubble’s precarious survival. AI investment now rivals consumer spending
as the primary creator of American economic growth. It accounted for virtually
all (92%) GDP growth in the first half of this year. Without it, US GDP grew
only 0.1%. Despite Donald Trump’s posturing, he is on shaky economic ground.
Trump’s political coalition is shaky, too. In July and again this month, he has
been unable to force Senate Republicans to pass his AI moratorium bill, which
would have prevented states from drafting their own AI laws. The Steve Bannon
wing of Maga fears that AI will displace workers en masse, and is appalled by
what children are exposed to on digital platforms. Maga voters particularly
mistrust big tech’s political power. Tech is a dangerous topic for Trump.
Ursula von der Leyen, the president of the European Commission, has two cards
to play that might pop the AI bubble. If she does so, Trump’s presidency will
be thrown into crisis."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
