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
Who gains—and who loses—from global capitalism?
Storm argues the AI data-centre investment boom is creating a bubble that will be socially and financially expensive when it pops.
Storm argues the AI data-centre investment boom is creating a bubble that will be socially and financially expensive when it pops.
Introduction
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.
Investigations into the possible effects of the fiscal consolidations required under the new European fiscal rules on Italy’s debt-to-GDP ratio find that the new governance framework may lead to the pro-cyclical tightening, weaker growth and adverse debt dynamics that characterized earlier phases of EU fiscal governance.
Europe’s revamped fiscal rules promise discipline and stability, but Italy’s numbers tell a different story. Once realistic multipliers and hysteresis are built in, consolidation pushes debt up, growth down, and recessionary pressure outwards across the eurozone, hardly a recipe for sustainability.
In this episode of Economics and Beyond, Rob Johnson and John Fullerton discuss his new book, Regenerative Economics which explores flaws in traditional economic thinking, and the need for a new framework that views the economy as a living system.
A Global History
AI was sold as a tool to broaden the marketplace of ideas. Instead, a handful of platforms now control how truth travels, shaping what we see, starving journalism, and locking new AI rivals out of the data democracy needs to survive.
In 1919, Justice Oliver Wendell Holmes famously wrote that truth prevails when ideas compete freely. This marketplace of ideas metaphor has shaped our democracy: when ideas circulate and compete, truth wins out.
