In another text, I argued that AI does not alter economic logic/rationality, nor does it eliminate competition, income and wealth disparities among individuals and groups of people, or between societies/states (“Can AI change economic logic?” Hotnews and Contributors, January 28, current year). What public policies aim to do is to mitigate such disparities and derived social tensions within economies. Internationally, interventions are carried out by specialized international financial bodies such as the IMF, while in the EU, various stabilization mechanisms and structural and cohesion funds operate.

A related question is whether AI can prevent financial or economic crises. The almost automatic answer is no. Because AI does not change economic logic or rationality, and competition does not disappear. In other words, business/economic cycles do not vanish, whether we consider short and medium-term fluctuations in economic activity or longer-term ones generated by investment cycles and major technological breakthroughs that induce technological cycles.