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.
Doug Henwood's weekly radio program is just about the best there is on politics and economics generally, but the August 20th show, featuring Tariq Ali and the August 15th one, with Christian Parenti, should fill in the innumerable cracks left by the article we posted earlier this week on the Af-Pak situation somewhat. The interview on Nigeria, and on the connection between big oil and third world degradation, is fantastic, too. The link above provides streaming and download links to Doug's archive, so just scroll down a bit and click (and consider a contribution to WBAI, Doug's public radio station, if you're duly impressed).
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