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.
July/August 2010
4 articles
The Underpants Gnomes of Wall Street
A review of The End of Wall Street by Roger Lowenstein (New York: Penguin Books, 2010).
Keep it in the Ground
An alternative vision for petroleum emerges in Ecuador. But will Big Oil win the day?
Not Too Big Enough
How the "too-big-to-fail" banks got that way, and why the current banking reform won't solve the problem.