Alternative Visions - Condition of the Working Class 2026 in Era of AI Armageddon

Okay, today, two topics here.

One, you know,

we're approaching Labor Day here in a couple of days, and I want to talk about the State of the American Working Class 2026.

I've done that occasionally over the years, and I think it's worthwhile taking a look at it, not just what's happened over the past month or several months or even year, under Trump, but the bigger picture, particularly since artificial intelligence is pushing the labor market and the class into a totally new era here.

And it's not very pretty, not just in the job losses that are coming, but in the whole nature of work itself and the job insecurity and all the other negatives about work that this new capitalist technology, artificial intelligence, is going to produce.

I also want to talk about continuing as we have been about what's going on in the financial markets, particularly now the Treasury markets and the global currency markets and the instability that that's been producing.

We've been sort of following this for the last six months.

And of course, what we got last week with Treasury Secretary Scott Besant intervening in the yen, Japanese currency trade called the carry-in trade, and then dumping $4 billion more a week in treasury bonds.

And then, of course, over the weekend, we had the finance ministers, the G20, and that was a big chaotic breakup.

did not go well.

And we have our friend Scott Besant declaring we're going to grow the economy out of the $40 trillion debt that the U.S. has.

That's the only solution.

Well, let's look at U.S. long-term growth.

I'll share with you some numbers from my forthcoming book, Twilight American Imperialism, about treasuries.

And US GDP long term.

And his claim, we're going to grow out of it.

Okay, so let's just jump right into this thing.