Carlota Perez: AI bubble compares to 1929 and 2008, not the 2000 Nasdaq crash
2C_ornot2C · x · 2026-10-21
Economist Carlota Perez pushes back on the common framing that an AI bubble crash would resemble the 2000 Nasdaq collapse. Citing Barry Eichengreen's 2015 book Hall of Mirrors, which compares the 1929 Great Depression and the 2008 financial crisis, she argues those are the more relevant precedents — hinting the fallout could be systemic rather than a sector-specific bust.
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