Truthout
Economy
AI Techno-Utopianism and Doomsday Threats Distract From Big Tech’s Current Harms
The industry uses fantasies of technological dominance to paper over financial shortcomings and demands for regulation.
While Americans Paid $148B Extra on Gas Amid War, Big Oil Made $130B in Profits
“All the excess cash we’re accumulating will ultimately be directed toward our owners,” one oil executive bragged.
Ahead of Midterms, Tenants Call Trump’s Housing Policy a “Catastrophic Failure”
Housing justice advocates say new policy proposals would empower landlords while squeezing already struggling tenants.
As the AI Bubble Threatens to Burst, We Must Prepare to Fight a Big Tech Bailout
As firms like CoreWeave and NVIDIA start to wobble, let’s demand that the public won’t be the one left holding the bag.
SNAP Participation Losses Far Exceed CBO’s Estimates
About 5.5 million people lost food assistance through SNAP in the year since enactment of the 2025 reconciliation law.
California Is Home to 200 Billionaires. Organizers Say It’s Time to Tax Them.
If passed, California’s Proposition 40 would generate funding for health care, education, and food assistance programs.
Washington State Invests My Pension in Genocide. I’m Demanding Divestment.
Workers across the US are demanding divestment from firms that profit from weapons and surveillance. I’m one of them.
Regulation Should Target AI’s Current Harms, Not Superintelligence Possibilities
A mix of science fiction and delusion distracts from the real harms that we’re seeing, says tech journalist Paris Marx.
“Because of the Price of Oil … We’re Making a Fortune,” Trump Says at Rally
Trump, who has profited massively from his second term in the White House, is a major investor in oil and gas companies.
As Inflation Goes Up, New Poll Shows 4 in 10 Struggle to Pay Basic Necessities
The latest Consumer Price Index report shows that inflation has gone up 3.7 percent over the past year.