- AI development is built on the collective work of humanity, including books, music, and videos, without crediting or compensating contributors.
- The AI investment boom is creating a speculative bubble that could crash the global economy and displace workers on a massive scale.
- Traditional policy responses like bailouts are inadequate for AI; public ownership, such as a sovereign wealth fund for AI stocks, is proposed as a fairer solution.
- Public ownership of AI aligns with national interest and democratic principles, countering the control by a tech oligarchy that reaps profits from public investments and expropriated intellectual work.
- Nationalizing AI could redistribute wealth to fund social programs, reduce economic inequality, and rebalance power between capital and labor, transforming the economy in the public interest.