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.
May/June 2010
6 articles
Minding the Gap
A review of The Spirit Level by Richard Wilkinson and Kate Pickett (New York: Bloomsbury Press, 2010). When I began
Myths of the Deficit
Nearly 15 million people are officially counted as unemployed in the United States, and more than 6 million of these
"Pressure from the Bond Markets"
Dear Dr. Dollar: With the crisis in Greece and other countries, commentators have said that governments are “under pressure from
W(h)ither the Dollar?
The U.S. trade deficit, the global economic crisis, and the dollar's status as the world's reserve currency.