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 132)
Common Security Clubs
An exciting new project spearheaded by Chuck Collins, D&S Associate, and of the Institute for Policy Studies. '
Pensions In Peril
Those with their retirements in 401(k) plans have taken a huge hit. Those with defined pension plans aren'
Successful bank rescue still far away (Martin Wolf)
Interesting piece by Martin Wolf of the Financial Times. By Martin Wolf | March 24 2009 19:24 I am becoming
Hey Paul Krugman (A Song, A Plea)
Catchy tune from YouTube. Hat-tip to Bryan S. [youtube=http://www.youtube.com/watch?v=XOYAuk809fY&hl=en&
Stiglitz On the Fiscal Crisis Of the State
From Common Dreams: Fiscal Plan Fails both Markets and Taxpayers
U.S. Seeks Expanded Power to Seize Firms
From the Washington Post. The plot thickens. Sure sounds to me like they're thinking Geithner's plan
Down the dark path (Delasantellis on Geithner)
Hat-tip to Larry P. for this; he says "it's by far the best thing I'
The Economics of War
We get deluged with press releases, most of which we ignore (since the senders usually assume that we are a
The Wealth Gap Gets Wider
From Meizhu Lui, former executive director of United for a Fair Economy (our next-door neighbors and partners in various
Market Up Krugman Down
The Dow Jones Industrials soared nearly 500 points today (about 6%) on news of the Geithner plan to buy up
Foreign Firms Want Piece of Stimulus Pie
With Congress doling out $787 billion in stimulus money, foreign firms figure that no one will mind if they get
US Still #1 In Military Spending
According to the Stockholm International Peace Research Institute as reported in the Economist, the U.S. spent more in 2007