Notebook
Essays and notes on political economy, books, history, and the forces that shape how people live.
AI Does Not Belong to America
Bernie Sanders wants Americans to own half of major AI companies, but global knowledge complicates national claims and raises deeper questions about ownership, public wealth, borders, and power in technology.
When the Bottom Half Becomes a Line
A Federal Reserve wealth chart shows the bottom half of America almost disappearing, not because the economy failed to grow, but because ownership concentrated as growth expanded over recent decades.
War Enters the Balance Sheet
Energy shocks from war become balance‑sheet and budget problems rather than battlefields. World Bank downgrades mark long‑term damage. Rich countries absorb costs while poorer ones face deficits and austerity.