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.
Can you explain how poverty is defined in government statistics? Is this a realistic definition? —Susan Balok, Savannah, Ga.
https://dollarsandsense.org/archives/2006/0106woolmanmcbride.pdf
The huge expansion of the criminal justice system in the United States over the past thirty years has replaced social welfare programs with mass incarceration.