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.
On the topic of the IMF and the "global financial community," here is a nice piece from Michael Hudson; hat-tip, again to LF.
The IMF Collects Debts on Behalf of the World's Largest Banks
Make Iceland Pay for Incompetent British Bank Deregulation
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