Issue 282

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.

Green Stimulus = More Jobs

By Heidi Garrett-Peltier

Improving energy efficiency doesn’t just save money and cut pollution—it can also create jobs. Read more »
Tax Havens and the Financial Crisis

By Rachel Keeler

The G20 leaders concluded that “The era of banking secrecy is over.” But will leaders from countries made rich from offshore banking follow through to shut it down? Read more »
Corporate America’s
Counter-Stimulus Strategy

By Roger Bybee

Why is steel magnate Lakshmi Mittal trying to close down two U.S. steel plants, and what does he have in common with Marie Antoinette? Read more »
Pushing on Strings

By Gerald Friedman

The explosion of U.S. banks’ excess reserves since last fall illustrates the dramatic failure of monetary policy. Read more »