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.
Cross-posted from our sister blog, Triple Crisis.
Frank Ackerman is principal economist at Synapse Energy Economics in Cambridge, Mass., and the author of Worst Case Economics: Extreme Events in Climate and Finance (Anthem Press, 2017). He spoke to Triple Crisis co-editor Alejandro Reuss in late December 2017 about the main themes in the book. To learn more, you can also visit the book page on Dr. Ackerman's website here.
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