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.
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September 11 and the Restructuring of the Airline Industry
The September 11 catastrophe hit the airlines hard, but it also opened the door for them to accelerate the restructuring already underway.