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.
Latest news (Page 131)
Latin America's Reaction to the Crisis
The Council on Hemispheric Affairs (COHA) has put out a nice summary of the various responses by Latin American governments
Two Items on Guadeloupe General Strike
Two items on the recent massive general strike in Guadeloupe. First, from Friday's Democracy Now!: Labor Victory in
Mike Davis on Socialism on Bill Moyers
From the folks at SolidarityEconomy.net. Video is probably available somewhere, too. Bill Moyers Talks with Mike Davis on the
The G20 Summit and Unions
From a blog I think I hadn't seen before (hat-tip to LF), Labor Is Not a Commodity.
Trust Your Guts (Greider)
Joe Nocera likes Geithner's new plan. William Greider, not so much. Here is an excerpt from his recent
Obama vs. Cuomo on Bank Investigations
From Bloomberg: Obama Backs Banks, Seeks to Block Fair-Lending Probe By Greg Stohr March 26 (Bloomberg) -- The Obama administration&
Single-Payer Updates
First, we noticed this excellent webpage, with links and resources on single-payer, from Physicians for a National Health Care
New Home Sales Fell In February, Not Rose
From Barry Ritholtz in the RGE Monitor: WSJ: Sales of new homes rose in February for the first time in
Closures and Layoffs (Mar. 22-28)
This week's Closures & Layoffs report from Mark Heschmeyer. I think we forgot to post this for a
Official Unemployment Numbers Grim
The latest official unemployment numbers from the Labor Department show continuing deterioration in the job market, setting a record for
Wage Theft (NYT, ABC News!)
Kim Bobo, director of Interfaith Worker Justice and author of Wage Theft in America (which we excerpted here and here)
Why Georgists Correctly Predicted the Crisis
For more on the Georgists, Henry George, and the idea of a land tax, see this excellent sidebar D&