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AI and Gambling: The Two Fastest-Growing Sectors of the Economy

11 0
20.01.2026

I am a long-time, full-on bear when it comes to Artificial Intelligence (AI). ("Bear" as in Wall Street-esque bulls and bears.) 

I loathe the short-term economic play because it's a titanic bubble waiting to burst. 

I loathe the long-term humanity play because the people designing it loathe humans. 

I am also a long-term, full-on bear when it comes to the ever-increasing societal implementation of gambling. 

I'm not talking business models and stock prices here. On Wall Street, betting on betting is a good bet. 

I'm talking about the massive monetary and non-monetary damage gambling does to a people and their culture. 

For the VAST majority of people, gambling is the economic Hail Mary pass they throw when they've given up on getting ahead in any conventional way. 

As I wrote in December, "(T)he degradation gambling indicates - is really that of America's institutions. Americans' greater acceptance of - and penchant for - gambling and its risks has risen along with their distrust of America's institutions." 

Americans look at America's institutions at all levels racing to sell us out to Big Tech and its Artificial Intelligence. Just the latest in a long litany of instances of America's........

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