Manzur Rahman is Professor Emeritus of Finance at the University of San Diego.
Society needs a new compact to rein in the empire of corporate giants. This is as true for Bangladesh as it is for the rest of the world. Else we will all descend into the servitude of a new feudal system headed by giant corporations and the handful of their beneficiaries.
AI has and may usher in many wonderful opportunities and possibilities. But, at the same time, AI may be the last nail in the coffin of that glorious era where a broad-based social mobility achieved through higher education brought about greater economic and political equality.