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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What Welfare Reform Has Wrought
"Ending welfare as we know it" was just a campaign slogan for Bill Clinton in 1992, but its
Dear Dr. Dollar:
Why do companies compensate CEOs with such high salaries and bonuses? Do the CEOs themselves decide on their pay? Isn't it always said that no one is indispensable? —Gwen Nottingham, Laurel, Montana
The Fake Federal Budget Surplus
If politicians were really impeached for abusing political power and lying to the American public on vital matters, then it
Stocks Run Amok
First, the bad news. The 1990's bull market, with its stratospheric stock prices and double-digit annual returns,
Credit Card Pushers Pump Up Profits - and Risk
Tell your friends and relatives you're writing an article on credit cards and see what happens. Everybody has
Unfettered Capital Wreaks Havoc
Once upon a time, and not so very long ago, most countries restricted the flow of money across their borders.
Michael Moore to GM: Show Some Respect
In 1990 Michael Moore produced the film Roger and Me, a devastating critique of corporate arrogance. Moore dogged the steps