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 178)
Laughing All the Way to the Bank?
Here’s one of the zillion rumors flying around the news of the administration’s new $700 billion Wall Street
John MillerDisscusses the Financial Crisis on the Radio
John Miller, D&S collective member and columnist, and professor of economics at Wheaton College, was interviewed yesterday on
Paulson Bailout Plan a Historic Swindle
From William Greider, in The Nation: Read the rest of the article...
Sanders Comments on Economic Crisis
A statement from U.S. Senator Bernie Sanders (Independent, Vt.) on the economic crisis: Mr. SANDERS. Mr. President, let me
Ownership Society We Can (Are Forced To) Believe In
This posting is from D&S collective member and frequent blogger Larry Peterson. To see more of his posts,
The Greed Fallacy
You can't explain a change with a constant. This posting is by D&S Associate Arthur MacEwan.
News Alert from the WSJ
NEWS ALERT from The Wall Street Journal Sept. 19, 2008 U.S. Treasury Secretary Hank Paulson, in public remarks, called
Dangling On A Thread Whilst Pushing On A String
This posting is from D&S collective member and frequent blogger Larry Peterson. To see more of his posts,
Global Finance: From Brinksmanship to Barter
Right now it looks like the government is getting closer to participating in a scheme to provide embattled insurer AIG
Krugman Weighs In
Financial Russian Roulette By Paul Krugman Will the U.S. financial system collapse today, or maybe over the next few
WSJ Wealth Report: Luxury Marketers Brace for Wall St. Hit
Today's Wealth Report, from Robert Frank at the WSJ : But the fall of Lehman Brothers Holdings and the
Corn Ethanol Pushes up Food Prices
From a recent World Bank report, via the newsletter of Union of Concerned Scientists; hat-tip to Arthur MacEwan for