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.
Issue 228
5 articles
Dear Dr. Dollar:
Each year the U.S. has huge trade imbalances, especially with Asian countries. How can we keep having these trade deficits without any apparent ill effect on our economy? Will we eventually no longer be able to do this? —David J. Harrowe, Chandler, Ariz.
Saint Greenspan?
So extravagantly has the media been lauding Alan Greenspan, one would almost think he had been nominated for sainthood rather
Deciding Who's Poor
For decades, now, right-wing think tanks have urged a reform of the official method of defining poverty and counting