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:
The media constantly report that “there is a growing disparity of wealth,” and as far as I know this is true. But I would like to know why I should care. For all those who say it is important, I have a simple question: Would you rather live in a country where the poorest 20% average $10,000 while th
Baseball: A Marxist Analysis
Despite fastballs and double plays, major league baseball games are longer than they used to be. An average game that
To Make a Tender Chicken : Poultry Workers Pay the Price
Once you know about working conditions in a typical poultry processing plant, you may never eat chicken again.
Silent Depression : Economic Growth and Prosperity Part Company
Do traditional indicators of economic prosperity mean average Americans are doing well? Probably not.
Dear Dr. Dollar:
During the course of a single day, a stock can go up and down frequently. These changes supposedly reflect the changing demand for that stock (and its potential resale value) or changing expectations of a company’s profitability. But this seems too vague to me. How can these factors be so volatile?
Is the "New Economy" More Productive?
Sorting Fact from Fiction - Revised productivity figures have let the air out of the high-tech "New Economy" bubble.
September 11 and the Restructuring of the Airline Industry
The September 11 catastrophe hit the airlines hard, but it also opened the door for them to accelerate the restructuring already underway.
High-School Economics
Corporate Sponsorship and Pro-Market Bias - In the push to standardize high-school curriculums and testing, "corporations and foundations will have even more opportunities to foist their "free-market" bias on students.
"They Can Walk With Their Heads Up"
An Interview with Joao Pedro Stedile, National Board Member, Movimento dos Trabalhadores Rurais Sem Terra
How States Are Spending Their Welfare Money—Or Not
Not only have states diminished their support for cash assistance, but other resources for poor people are drying up too.
Primer
This the seventh in a series of comics about economic globalization and neoliberalism by Nick Thorkelson. To see the rest