A technological revolution meets a financial one
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Even if the technology achieves its potential, plenty of people will lose their shirts
Markets for goods, services and financial assets, as well as labour, would be upended
We find that the potential cost has risen alarmingly high
Get ready for a new wave of securities, hedges and collateral
Most of them are not found in ivory towers
From Trump to Sam Altman, the idea is catching on. Does it make sense?
