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.
Issue 221: January/February 1999
features
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It's a Bank-Eat-Bank World
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Beyond Patching the Safety Net: A Welfare and Work Survival Strategy
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Health Workers Confront Managed Care
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Gold, Greed, and Cyanide
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The Philippines: Another IMF Causalty
the regulars
- lettersCoops and More Coops
- the short runIs the PTA Selling Out? Does God Favor Employers?
- active cultureOrganizing as a Human Right / Pie Day
- commentCookies are Not So Sweet
- making senseThe True Scandal of American Politics / George Soros: Beware Fundamentalism / Nobel Prize Winner Tweaks Free Marketeers / Social Insecurity
- in reviewRent Control, Impacts of the Termination of Rent Control, and Toy Wars
- ask dr. dollarHousehold Wealth in the United States
- economy in numbersDoes Inequality Cause Overwork?