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 157)
Nasa Scientist: Cap & Trade Not Sufficient
From The Guardian. N.B: Hansen lambasts the current international approach of setting targets to be met through "cap
Trade: Throwing Oil on the Fire
From The International Herald Tribune. Particularly noteworthy (i.e. scary): "China will resort to tariff and trade policies to
Treasury To Aid Array of Firms, Industries
From Bloomberg (hat tip to Yves Smith) Treasury Opens Door to Aid for Broad Array of Firms, Industries By Rebecca
The Good News and the Bad News
Employment at the tippy-top is looking good for Black people in the United States, as Barack Obama ascends to
ASSA and Jet Blue
Things may be relatively quiet on the D&S blog for the first week of 2009, as our busiest
Contours of Crisis
We just posted a great web-only article by Shimshon Bichler and Jonathan Nitzan, co-authors of Capital as Power:
3M CEO on Plant Closings
This is via Doug Henwood at lbo-talk, posted under the heading "Capitalist Thought." He says he doesn&