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.
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Piketty’s Model of Inequality and Growth in Historical Context, Pt 1
In Thomas Piketty’s doomsday model, slowing of growth in the twenty-first century will cause an inexorable increase in