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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Scenes from the Class Struggle in the East Village
The New York Times recently ran a story about a New York landlord, Alistair Economakis, who is trying to convert
Elasticity! Why cutting gas taxes won’t lower prices, but will fatten oil companies
When Clinton and McCain proposed cutting gas taxes, I asked my environmental economics students, "So how much do you
EPI urges immediate action on unemployment benefits extension
A press release from the Economic Policy Institute: This morning, EPI Vice President Ross Eisenbrey issued the following statement on
Labour as a "Limited Liability Party"?!
Excerpts from a recent article from the New Statesman , about one proposal for how Britain's Labour Party can
Race, Ethnicity, and the Subprime Mortgage Crisis
Presented by EPI's Program on Race, Ethnicity, and the Economy Thursday, June 12, 2008 Registration 2:30 pm
Ed McMahon May Lose Beverly Hills Home
From yesterday's Wall Street Journal; hat tip to Doug Henwood of the Left Business Observer and lbo-talk.
As homes foreclose in U.S., squatters move in
This is from Reuters: Read the rest of this Reuters article
Skyrocketing Commodity Prices
For months, skyrocketing prices of food, oil, and other commodities have bewildered investors and governments, and have also threatened to
More Collateral Damage From the Housing Crisis pt 1
The fallout of the housing crisis is affecting many more people than just those who purchased a home on dicey
Former IMF Head Condemns Finance Sector
Germany's president and former IMF head Hoerst Koehler has added his voice to the rising condemnation of the
Big Time Capitalism's Coalition of the Wilting
Germany's President (and former IMF head) Horst Koehler has added his voice to the rising chorus
Charles Tilly, 1929-2008
Professor Charles Tilly, a renowned social scientist, innovative theorist, and prolific author, passed away on April 29. In addition to