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.
Yeva Nersisyan is an associate professor of economics at Franklin and Marshall College. L. Randall Wray is a professor of economics at Bard College and senior scholar at the Levy Economics Institute
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.
