Business & Industry

Silicon Valley promises abundance, but corporate America is built for extraction. The underlying operating system is stuck on making big shareholders rich the expense of everyone else. It’s time for a reboot. *From the “AI and the Future of the American Worker,” a series on how artificial intelligence is impacting labor, power, and the meaning of work. (Read Part 1 of this article here).

AI is powered by more than algorithms – underneath is a flawed, decades-old corporate operating system that redirects gains away from workers. The good news: It doesn’t have to be this way. Part of “AI and the Future of the American Worker,” a series on how artificial intelligence is impacting labor, power, and the meaning of work.

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

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.

Elon Musk secured shareholder approval for a new stock-based package designed to double his voting power at Tesla, potentially making him the first trillion-dollar employee. As this plan cements Musk’s control it ties vesting to audacious market-cap and production targets and diverts focus from progressive value creation. Musk’s governance, layoffs, and politicization could imperil Tesla’s EV leadership and ambitions in AI and robotics.

Economist William Lazonick reveals how the extraction model of American corporations has migrated from business to government.

The money to support well-paid American jobs exists—it’s just being hoarded at the top. Economist William Lazonick argues that this is not just unfair; it’s a failure of the whole economic system.

Sara Wynn-Williams, defying Facebook’s attempts to silence her, reveals the company’s toxic culture and global damage, exposing unethical practices and a profit-at-any-cost approach. The key question she leaves us with: How can this be changed?

New research reveals that rising insurance costs, reckless building, regulatory inaction, and big banks’ fossil fuel investments are driving a dangerous cycle that jeopardizes homeowners — and financial stability for everyone.

DeepSeek’s appearance is changing the AI landscape in more ways than we might think.

New book reveals how and why hedge-fund activists have been able to suck the life from big-name companies like J.C. Penney and Samsung with their short-sighted profit-grabs. Can their harmful activities be stopped?

Industrial organization economists have caused antitrust to cling to an antiquated and disproven economic theory.

Welfare economists and moral philosophers have shown that the Consumer Welfare Standard is biased in favor of wealthy individuals and corporations—the very powers the antitrust law is supposed to regulate.

The Utah Project on Antitrust and Consumer Protection hosted a conference on the future of consumer financial services law on October 11, 2024, which was supported by an INET grant.