The Plutonomy—AI Edition—and the Coming Crisis
Driven by speculative finance, stagnant wages, and AI hype, today’s tech-heavy economy mirrors the fragile plutonomy that collapsed into the Great Crash of 1929.
Issue 226: November/December 1999
features
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Budget Baloney
What a Long, Strange Trip It's Been
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Wild '70s Unions
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Women's New Allies
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Timeless Conspiracy
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The Shot Heard...
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Black Crisis Myths
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East Europe Sinking
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Armed Guardians
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Running in Place
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The Affluent Society 40 Years On
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New Thinking about Capitalism
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Invisible Hand and Iron Fist
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There is and Alternative
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New Corporate Welfare Wave
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Webs of Delusion
the regulars
- lettersTwo Views of Inflation
- the short runUnited States Fails Labor Exam
- active cultureSaddling Up for Seattle
- commentLooking Backwards
- making senseThe Colombian Money Pit / Merrill Lynch Sells Sushi
- in reviewMichael Jordan and the New Global Capitalism
- ask dr. dollarSpending on the UN versus NATO
- economy in numbersAmerica's Social Health, Then and Now