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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Dear Dr. Dollar:
Supposedly, countries should produce what they are best at. If the United States makes computers and China produces rice, then the theory of free trade says China should trade its rice for computers. But if China puts tariffs on U.S.-made computers and builds up its own computer industry, then it wi
Job-Based Health Insurance: Sick and Getting Sicker
Job-based health insurance is terminally ill. A long-term decline in the percentage of workers who get health insurance
Gay Marriage Blues
This month, thanks to the state Supreme Court's unprecedented decision last November, gay men and lesbians will begin
The Haiti Crisis: Aristide Is Not the Issue
One of the biggest mistakes people have made looking at the recent Haitian crisis has been to focus on the
Black Job Loss Déjà Vu
Think the typical job-loser in today's economy is a white computer programmer whose job has been outsourced to India? Think again.
Dear Dr. Dollar:
Can you explain what trade deficits are? Who owes what to whom or is it just an accounting device? —Jack Miller, Indianapolis, Ind. I see that the United States has had a negative international trade balance for years. What happens to those dollars we've sent overseas? —Bill Clark, Chillicothe, Ohi
To the Editor
Retired professor Tom Reeves ("Still Up Against the Death Plan in Haiti," September/October 2003) made three serious
The Short Run
Obey Your Television You may already suspect that the television possesses near-supernatural powers of control—now there's