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.
Maybe not. A new approach to capping income at the top is starting to gain momentum.
What can the crisis of U.S. capitalism in the 1970s teach us about the current crisis and its possible outcomes?
For many years, the “Economy in Numbers” department provided current data on standard economic indicators: unemployment, wages, interest rates, and