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 248
7 articles
Dear Dr. Dollar:
I have been hearing quite a bit about the dangers of deflation to the United States economy. I have even heard warnings that "spiraling deflation" could cause a global depression such as occurred in the 1930s. But wasn't the Great Depression caused by hyper-inflation, not deflation? Is deflation rea
Flattening Appalachia
New mining techniques explode mountains and cause acres of land to collapse. The coal industry calls it economic development, and paid-off politicians agree.
Will Rent Control Make a Comeback in Boston?
How tenants' efforts to reinstate rent regulation in Boston were thwarted, for now.
From HOPE VI to HOPE SICK?
A federal program that was supposed to improve the worst of the nation's public housing gets hijacked by private developers and government bureaucrats.
Arab and Muslim Immigrants Under Fire
Interview with Hatem Abudayyeh of the Arab American Action Network