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.
Bruce Parry is an independent researcher in Chicago and a member of the Chicago Political Economy Group (CPEG at CPEGonline.org). Thanks to Bill Barclay, Ron Baiman, Mark Porter-Webb, Tim Shenk, and