Venezuela: The Hidden Workforce Behind Oil, AI, and a Fragile Nation
Venezuela is caught between economic collapse, foreign intervention, and the invisible machinery of the global economy.
Analysis
Trillions for War, Pennies for People: How Soaring Military Spending Fails Americans
William Hartung and Ben Freeman, authors of Trillion Dollar War Machine, talk with INET’s Lynn Parramore about America’s runaway defense spending and its increasingly alarming human toll
Measuring Exploitation in the Global Economy
Who gains—and who loses—from global capitalism?
The U.S. Is Betting the Economy on ‘Scaling’ AI: Where Is the Intelligence When One Needs It?
Storm argues the AI data-centre investment boom is creating a bubble that will be socially and financially expensive when it pops.
The U.S. Is Betting the Economy on ‘Scaling’ AI: Where Is the Intelligence When One Needs It?
Storm argues the AI data-centre investment boom is creating a bubble that will be socially and financially expensive when it pops.
Introduction
5 Lessons from the End of the Larry Summers Era
Summers’ influence was immense, but so were his blind spots. It’s time for economics that values people and the planet over power and prestige.
The era of Larry Summers’ dominance in American economics is over. It’s a good moment to take stock.
Distribution Matters: Flawed Welfare Foundations in Classic Free Trade Arguments
The argument that free trade is always the correct policy is based on a flawed welfare analysis. Free trade results in winners and losers and economists are not competent to analyze the impact on well-being as a whole or the spillover social consequences of the discontent of the losers.
Drug Price Wars: What Can Really Tame Big Pharma?
Here’s the breakdown on what’s really driving America’s runaway drug prices -- and whether any of the current plans stand a chance to lower your pharmacy bill.
When it comes to the sickening cost of prescription drugs in America, this much is true: Big Pharma didn’t get rich by playing nice. It got rich playing Wall Street games.
For decades, economist William Lazonick has been exposing how Pharma’s Wall Street-driven business model doesn’t just lead to sky-high drug prices, but actually stifles innovation, too.
Bretton Woods: A System That Can’t Be Fixed—But Can Be Made Fairer and More Effective
The IMF and World Bank can no longer function as instruments that discipline some member countries while deferring to others. Their challenge is to transform the exercise of power among member countries into a framework of mutual respect and cooperation.
Time Bomb: How Uninsured Stablecoins and Crypto Derivatives Threaten Financial and Economic Stability
The GENIUS Act is a disastrous law that poses grave and unacceptable threats to our financial and economic future. Congress must remove those threats by (1) repealing the GENIUS Act and passing legislation that requires all stablecoin providers to be FDIC-insured banks, and (2) adopting legislation that requires all crypto derivatives to comply with the rules governing non-digital derivatives under Title VII of the Dodd-Frank Act.
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