March/April 2023

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.

The Fed’s 2% Inflation Target

John Miller

Good for the Rich, Not the Rest of Us | Read more »
The Inflation Reality and the Attack on Wages

Arthur Macewan

You wouldn’t know this from newspaper headlines, statements from “experts,” or the actions of the Fed, but inflation was slow throughout the second half of 2022. | Read more »
Essential, But Treated as Expendable

Lin Nelson

Farmworkers are vital to climate justice. | Read more »
The Whole World Debt Crisis

Sasha Breger Bush

The debt crisis that has emerged over the past couple of years is happening in countries all around the world, and release valves to vent the pressure are scarce. | Read more »

Available only in the print edition:

Management Rights, Workers Wronged

Robert Ovetz and Kevin Van Meter

“Management rights” clauses in collective bargaining agreements have tied the hands of workers and unions since the early 1950s.

the regulars

editors’ note Here We Go Again...
the short run
cartoon Rationing Health Care
two cents
making sense The United States: Plutocracy or Democracy?
up against the wall street journal The Fed's 2% Inflation Target
in review Adam Smith's America by Glory Liu
economy in numbers U.S. Union Membership: Where Does It Stand?

The Plutonomy—AI Edition—and the Coming Crisis

Metal of the Past, Metal of the Future

The Latest Job Calamity—Mostly Home-Made

March/April 2023

Available only in the print edition:

the regulars