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.
We’re hearing the economy is so good. We’re hearing that there’s plenty of jobs around and wages are up. But I’m not so convinced things are so great. The middle class is shrinking. Underemployment is up, and people don’t have health care. What’s the story? —Bruce Boccardy, Allston, Mass.
Late last fall, some 600 business leaders—including CEOs, marketing directors, and investors in some of the nation's
To most people, a cup of coffee is just a cup of coffee. But the people at Equal Exchange of
The Center for a New American Dream is a new nonprofit organization whose goal is to promote "sustainable consumption.