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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The Growth Consensus Unravels
Economics has been called the dismal science, but beneath its gray exterior is a system of belief worthy of Pollyanna.
Dear Dr. Dollar:
It’s conventional wisdom that when wages go up, as in the case of a union campaign or minimum wage increase, prices go up. My guess is that if the owners could have raised the prices, they would have already. What is the right answer? —Jeffrey Trivers, New Orleans
Radio For People, Not Profit
Gainesville, Florida is the kind of Southern college town where Spanish moss drips from the dogwoods and fraternity brothers binge-
The Myth of the Social Security Trust Fund
Since the 1980s, American workers have been paying more into the Social Security system than retirees are taking out. These
Clinton's Social Security Scam
When President Clinton announced a plan to save Social Security this past January, aides were flummoxed. Many acknowledged that they
Social Insecurity
Those hopeful that last October's stock market drop will stop talk of privatizing social security should think again.
Nobel Prize Winner Tweaks Free Marketeers
Last October, Amartya Sen, a leading authority on hunger and an unrelenting advocate for the most deprived, won the rare
George Soros: Beware Market Fundamentalism
George Soros, a billionaire currency speculator, has recently become a prominent critic of capitalism. In his new book, The Crisis
The True Scandal of American Politics
In a single 15 minute vote, the 535 members of Congress passed a 40 pound, $500 billion, 4000 page bill
Cohousing: Collective Living for the 90s
Imagine a community where you know all your neighbors. Where your neighbors would loan you a car if you needed