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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Class Conflict
Tuition hikes leave college students in debt and torn between paid work and coursework.
"Death Tax" Deception
Who's behind the movement to repeal the nation's only tax on inherited wealth?
Immigrant Workers in the Crosshairs
Immigrants and workers across the country have been caught up in a wave of anti-immigrant legislation and repression since the September 11 terrorist attacks.
Dear Dr. Dollar:
Since the United States is a representative democracy, it seems only natural that its citizens would look to their elected officials for answers to economic problems. However, given the limited number of things that the government is allowed to do today to influence the economy (such as comparativel
Capital Stability and Local Democracy
What's the worst-kept dirty secret about local politics in the United States? That in most American cities,
It All Depends on Who You Rob
Considering all the stories of corporate treachery that have made headlines over the last year, you would think that accusations
The Great Stock Illusion
The enormous paper wealth "created" by the stock market was bound to dissolve, because it never existed, save as a kind of mass delusion.
Dear Dr. Dollar:
The Heritage Foundation, a conservative think tank, has a website that purports to present evidence that the wealthiest group of Americans historically pay more taxes than middle- or low-income folks. Their sources include the U.S. Treasury Department, the Office of Budget and Management, and the Ce
When Is a Labor Law Violation Not a Labor Law Violation?
In Hoffman Plastics, the Supreme Court struck a blow against the rights of undocumented workers. Immigrant rights advocates are fighting back.
Building Cooperative Businesses
For immigrant women in Boston, worker cooperatives provide an alternative to welfare.
Reforming Welfare Reform
Catrina Weber never made enough at her fast-food jobs to be able to pay her rent and still have
Slamming Shut Open Access
Internet users are ready to switch to high-speed broadband. But they may be getting a lot less than they bargained for as regulatory changes create new Internet service monopolies.