www.finance-watch.org
"Open AI lost 10bn in the last quarter. Three big tech companies spent 350bn on AI last year, and our EU competitiveness fund is 450bn over the next 6 years. This is a bubble which is going to burst."
#FinanceForSociety
"Scoring is never just neutral, it is built on a political assessment."
#AIAct #FinanceForSociety
Adriana Cuppuleri from @algorithmwatch.org, @leevisaari.bsky.social from @ainowinstitute.bsky.social and Christian M. Stiefmüller discuss how Big Tech is reshaping our financial system (and society).
#FinanceForSociety
"Open AI lost 10bn in the last quarter. Three big tech companies spent 350bn on AI last year, and our EU competitiveness fund is 450bn over the next 6 years. This is a bubble which is going to burst."
#FinanceForSociety
"Scoring is never just neutral, it is built on a political assessment."
#AIAct #FinanceForSociety
Adriana Cuppuleri from @algorithmwatch.org, @leevisaari.bsky.social from @ainowinstitute.bsky.social and Christian M. Stiefmüller discuss how Big Tech is reshaping our financial system (and society).
#FinanceForSociety
"Scoring is never just neutral, it is built on a political assessment."
#AIAct #FinanceForSociety
Adriana Cuppuleri from @algorithmwatch.org, @leevisaari.bsky.social from @ainowinstitute.bsky.social and Christian M. Stiefmüller discuss how Big Tech is reshaping our financial system (and society).
#FinanceForSociety
Adriana Cuppuleri from @algorithmwatch.org, @leevisaari.bsky.social from @ainowinstitute.bsky.social and Christian M. Stiefmüller discuss how Big Tech is reshaping our financial system (and society).
#FinanceForSociety
"Pensions should be invested in the domestic economy to provide for domestic growth, employment and income, from which the future pensions can be paid."
"The markets are operating in their stratosphere and beyond government oversight. Yet, unlike the crisis in the past, today the markets cannot and will not go bust..."
"Pensions should be invested in the domestic economy to provide for domestic growth, employment and income, from which the future pensions can be paid."
"The markets are operating in their stratosphere and beyond government oversight. Yet, unlike the crisis in the past, today the markets cannot and will not go bust..."
"The markets are operating in their stratosphere and beyond government oversight. Yet, unlike the crisis in the past, today the markets cannot and will not go bust..."
"The global economy is now effectively governed by those active in private global markets in money; not the democratic governments or the IMF."
"To the detriment of the rest of us and while the casino operates in another sphere altogether, it remains tethered to the real 'bailout economy' we live and work in: our pensions, cost-of-living, housing and our climate."
"The AGI bubble may just be a vast techno-dystopian power play to put tech bosses at the helm of political and economic control. This is class war at its most brutal."
"The global economy is now effectively governed by those active in private global markets in money; not the democratic governments or the IMF."
"To the detriment of the rest of us and while the casino operates in another sphere altogether, it remains tethered to the real 'bailout economy' we live and work in: our pensions, cost-of-living, housing and our climate."
"The AGI bubble may just be a vast techno-dystopian power play to put tech bosses at the helm of political and economic control. This is class war at its most brutal."
Watch here 👇
"To the detriment of the rest of us and while the casino operates in another sphere altogether, it remains tethered to the real 'bailout economy' we live and work in: our pensions, cost-of-living, housing and our climate."
"The AGI bubble may just be a vast techno-dystopian power play to put tech bosses at the helm of political and economic control. This is class war at its most brutal."
Watch here 👇
"The AGI bubble may just be a vast techno-dystopian power play to put tech bosses at the helm of political and economic control. This is class war at its most brutal."
Watch here 👇
Watch here 👇
"We need a bigger EU budget, common borrowing and safe assets, as well as a further reform of fiscal rules with the view of enabling public investment."
#FinanceForSociety
"95% of #BlackFriday sales were financed. (...) People are entering long term indebtedness to maintain consumption levels. These kind of high levels of private debt were exactly what caused the last financial crisis."
"We need a bigger EU budget, common borrowing and safe assets, as well as a further reform of fiscal rules with the view of enabling public investment."
#FinanceForSociety
"95% of #BlackFriday sales were financed. (...) People are entering long term indebtedness to maintain consumption levels. These kind of high levels of private debt were exactly what caused the last financial crisis."
"95% of #BlackFriday sales were financed. (...) People are entering long term indebtedness to maintain consumption levels. These kind of high levels of private debt were exactly what caused the last financial crisis."
"A different world is possible and we have already been there. We need to reimagine it for the XXI century!"
"The financial sector weaponises complexity. We see this playing out in advocacy; shaping complex regulations which are now being unwound because the industry then says they are 'too complex to comply with.' How do we break this cycle?"
"A different world is possible and we have already been there. We need to reimagine it for the XXI century!"
"The financial sector weaponises complexity. We see this playing out in advocacy; shaping complex regulations which are now being unwound because the industry then says they are 'too complex to comply with.' How do we break this cycle?"
"The financial sector weaponises complexity. We see this playing out in advocacy; shaping complex regulations which are now being unwound because the industry then says they are 'too complex to comply with.' How do we break this cycle?"
"The financial establishment has been able to evade scrutiny even as it extends its tentacles in our society and become more influential over our lives."
A thread 🧵
"The financial establishment has been able to evade scrutiny even as it extends its tentacles in our society and become more influential over our lives."
A thread 🧵
A thread 🧵
"The now annual ‘hundred-year flood’ is a good metaphor for where we are."
"Global tumult has accelerated in the last decade and dangerous is the new normal. But finance is how capital selects its future. Finance is the single greatest means to address an age of uncertainty."
"Currently, climate scenarios massively underestimate the cost of climate change (...) and even if we recognised the true cost, we still need massive political courage to start addressing the problem"
"The now annual ‘hundred-year flood’ is a good metaphor for where we are."
"Global tumult has accelerated in the last decade and dangerous is the new normal. But finance is how capital selects its future. Finance is the single greatest means to address an age of uncertainty."
"Currently, climate scenarios massively underestimate the cost of climate change (...) and even if we recognised the true cost, we still need massive political courage to start addressing the problem"
“Finance is the single most important machine in the construction of the future, the crucial first step in planet-making. It’s the most powerful tool we have to address the future and its uncertainties.”
"Global tumult has accelerated in the last decade and dangerous is the new normal. But finance is how capital selects its future. Finance is the single greatest means to address an age of uncertainty."
"Currently, climate scenarios massively underestimate the cost of climate change (...) and even if we recognised the true cost, we still need massive political courage to start addressing the problem"
“Finance is the single most important machine in the construction of the future, the crucial first step in planet-making. It’s the most powerful tool we have to address the future and its uncertainties.”
"Currently, climate scenarios massively underestimate the cost of climate change (...) and even if we recognised the true cost, we still need massive political courage to start addressing the problem"
“Finance is the single most important machine in the construction of the future, the crucial first step in planet-making. It’s the most powerful tool we have to address the future and its uncertainties.”
“Finance is the single most important machine in the construction of the future, the crucial first step in planet-making. It’s the most powerful tool we have to address the future and its uncertainties.”
Watch now 👇
Watch now 👇
Are you organised, accurate, Excel/Google Sheets–savvy, and fluent in EN, FR or NL?👉 Apply here:
www.finance-watch.org/job/job-offe...
Are you organised, accurate, Excel/Google Sheets–savvy, and fluent in EN, FR or NL?👉 Apply here:
www.finance-watch.org/job/job-offe...
We are calling on @eba.europa.eu to ensure bonuses are tied to long term climate & #ESG goals. 🌍
Remuneration requirements should incentivise the management of climate risks over horizons in which they actually materialise!
We are calling on @eba.europa.eu to ensure bonuses are tied to long term climate & #ESG goals. 🌍
Remuneration requirements should incentivise the management of climate risks over horizons in which they actually materialise!
Register now to join the conversation on 4 Dec 👉 www.finance-watch.org/campaign/fin...
Register now to join the conversation on 4 Dec 👉 www.finance-watch.org/campaign/fin...
Vincent Vandeloise notes some improvements but warns of greenwashing risks as nearly any investment could be eligible for the new #ESG category.
Vincent Vandeloise notes some improvements but warns of greenwashing risks as nearly any investment could be eligible for the new #ESG category.
But changing the EU rulebook to make defence count as green finance risks undermining climate goals and the credibility of sustainable finance.
#GreenInvestments must stay green!🌱
But changing the EU rulebook to make defence count as green finance risks undermining climate goals and the credibility of sustainable finance.
#GreenInvestments must stay green!🌱