March/April 2013

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.

Click here for a larger version of our cover,
which is a parody of this recent Businessweek cover.

P3 Push in El Salvador

By Hilary Goodfriend

In the face of aggressive U.S. pressure to pass a privatization law, Salvadoran workers seek international solidarity. Read more »
Whose Housing Recovery?

By Darwin Bondgraham

Big-money investors snap up tens of thousands of foreclosed homes for rental income and speculation. Read more »
What Runaway Spending?

By Gerald Friedman

Federal spending as a share of GDP has declined sharply. The real cause of the deficit is declining revenue due to tax cuts and recession. Read more »
Beyond Deficit Scare-Mongering

By Ellen Frank

From the fiscal cliff to the sequester to the debt-ceiling, conservatives’ real aim in their fiscal brinkmanship is to gut Social Security and Medicare. Read more »
Thought and Devotion

By Richard Wolff

Steve Resnick directed his twin passions of economic theory and econometrics toward the goals of social change and mastery of Marxian economics. Read more »