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.
This is from Bob Feldman:
During periods of U.S. establishment presidential transitions in the past, U.S. commercial banks have sometimes failed. Presidential Transitions, by Laurin Henry, describes, for example, what happened after the 1932 presidential election:
--bf
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