Critics say Zohran Mamdani’s public grocery store proposal will never work. But Mamdani’s idea isn’t the problem—market consolidation is.
Economic Policy
Posted inEconomic Policy
Big Banks Behaving Badly
Decades of consolidation have made large financial institutions the primary partners for small businesses. Two case studies show how banks destroy businesses with automated systems, rather than personal relationships. Meanwhile, America’s relatively meager safeguards are being radically dismantled.
Posted inEconomic Policy
Clamoring to Tax the Rich
In Berkeley, New York, Paris, and Vatican City, it’s become central to political battles—and religious concerns.
Posted inEconomic Policy
GOP Wrings Hands About Fraud After Crushing CFPB
A House Committee on Financial Services hearing Thursday morning was an exercise in gaslighting.
Posted inEconomic Policy
Private Equity’s $3 Billion Bet on a Casino Chimera
A casino is at the center of a fight over the soul of Coney Island, one of three downstate casino licenses being pursued in New York.
Posted inEconomic Policy
The Plutonomy Is Still Going Strong
For the last 20 years, analysts have known that this is an economy by and for the rich.
Posted inEconomic Policy
Crypto Bank Machine Operators Swindle Seniors
Once described as the ‘AR-15s of the financial services industry,’ crypto ATMs remain a hotbed for scams targeting vulnerable communities. But third-party fraudsters aren’t the only ones laughing all the way to the bank.
Posted inEconomic Policy
What If There’s No AGI?
The technological struggles are in some ways beside the point. The financial bet on artificial general intelligence is so big that failure could cause a depression.
Posted inEconomic Policy
Trump Deal Lets Intel Move Factories Overseas, Sen. Warren Explains
In a letter to the Commerce Department, Warren blasts the actual deal between the Trump administration and Intel, even as she supports the concept of equity stakes.
Posted inEconomic Policy
The Shifting Anti-Monopoly Landscape
Fights over data centers and music venues show that resisting corporate power will have to go local in the age of Trump.