The Internationalism

Internationalism No. 82, December 2025 Page 8 Will the artificial intelligence bubble burst? The question mark adds to the dilemmas that the crisis in the world order is fuelling with debt, rearmament, protectionism, wars, and illusory peace agreements. After many years in which stock markets have weathered persistent headwinds, becoming the emblem of capital’s resilience to its own crises, the accumulated risks are coming to the surface. High technology, the newest sector of listed companies, has become a magnet for investment, producing in just a few years giants with unprecedented market values. The Magnificent Seven in the sector (Alphabet, Meta, Microsoft, Amazon, Apple, Nvidia, Tesla) have a combined market capitalisation of around $22 trillion, about 35% of the total of the 500 largest US corporations. The artificial intelligence (AI) champion Nvidia alone has a market capitalisation of $5 trillion. In November, when third...

Internationalism No. 71, January 2025 Pages 1 and 2 The consciousness of the proletariat “cannot be genuine class-consciousness, unless the workers learn, from concrete, and above all from topical, political facts and events to observe every other social class in all the manifestations of its intellectual, ethical, and political life; unless they learn to apply in practice the materialist analysis and the materialist estimate of all aspects of the life and activity of all classes, strata, and groups of the population”. If it concentrates exclusively “or even mainly” upon itself alone, the proletariat cannot be revolutionary, “for the self-knowledge of the working class is indissolubly bound up, not solely with a fully clear theoretical understanding or rather, not so much with the theoretical, as with the practical, understanding — of the relationships between all the various classes of modern society”. For this reason, the worker “must have a clear picture in ...