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.
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Take a Load off Fannie
The history of the Fannie Mae bailout, as narrated by The Band. (Produced by Omid Malekan.) [youtube=http://www.youtube.
Lehman Next?
This posting is from D&S collective member and frequent blogger Larry Peterson. To see more of his posts,
Fannie and Freddie: The Mother of All Bailouts
This posting is from D&S collective member and frequent blogger Larry Peterson. To see more of his posts,
David Bacon to speak in Boston, 9/9/08
Photojournalist David Bacon, a frequent contributor to Dollars & Sense, will be speaking on Tuesday, Sept. 9, at the Jamaica
Dear Dr. Dollar:
U.S. activists have pushed to get foreign trade agreements to include higher labor standards. But then you hear that developing countries don't want that because cheaper labor without a lot of rules and regulations is what's helping them to bring industries in and build their economies. Is there a w
Confidence Trick
[seealso id="1"] Hyman Minsky, the theorist of financial fragility whose work has enjoyed a revival as U.
We're Not All Friedmanites Now
From Thomas Frank's WSJ column last week, unrest at the University of Chicago over the soon-to-be
Obama Tilt Toward Rubinomics
This is from Bloomberg.com; hat-tip to Doug Henwood of Left Business Observer. Obama Tilt Toward Rubinomics Stirs Warning