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.
Left Hook Economics contributors focus on critical analysis of the Trump administration’s economic policies, explaining threats to our economic future, and advancing alternative policy approaches in terms that are accessible to all.
There are other ways to organize U.S. international trade. The neoliberal free trade of recent decades and the trade restrictions of Trumpian tariffs are not the only options.
Here are three views of the bill's horrific distributional consequences.
As of today, the U.S. government’s current deficit and debt are indeed currently at unprecedented levels for peacetime—once we account for them appropriately.
Even the stand-alone No Tax on Tips Act would do far too little to better the lot of low-income workers, even tipped workers.
Republicans want to make it even harder for low-income people to get health care.