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.
1 min read
Brad DeLong posted these very interesting excerpts from Ron Suskind's new book Confidence Men on his blog:
Maybe this is part of the "women problem" Maureen Dowd mentions in her recent column. But I thought that column was pretty fluffy, battle-of-the-sexes stuff, whereas this Suskind passage is great. Who would have thought that lightbulb would go off in Larry's head?
--Chris Sturr
Read next
The AI Safety War in My Back Yard
In the contest between Micah Lasher and “AI guy” Alex Bores, is Bores a wolf in sheep’s clothing?
Assessing Bidenomics
Is the Biden administration’s economic policy a break with neoliberal orthodoxy, or more of the same?