Articles
Articles and analyses from the INET community on the key economic questions of our time.

Venezuela: The Hidden Workforce Behind Oil, AI, and a Fragile Nation
Venezuela is caught between economic collapse, foreign intervention, and the invisible machinery of the global economy.

Private Data, Public Danger? How the Shutdown Poses Risks to the Entire Economy
As the government shutdown drags on, official economic data has slowed to a crawl, leaving policymakers, markets, and citizens increasingly reliant on private-sector numbers. That’s a problem.

Mamdani’s Win and the Price of Urban Life: Why City Voters Are Seeking Change
The soaring costs of city life appear to be sending urban voters toward progressive leaders who promise relief, both in the U.S. and globally.

The AI Bubble and the U.S. Economy: How Long Do “Hallucinations” Last?
This paper argues that (i) we have reached “peak GenAI” in terms of current Large Language Models (LLMs); scaling (building more data centers and using more chips) will not take us further to the goal of “Artificial General Intelligence” (AGI); returns are diminishing rapidly; (ii) the AI-LLM industry and the larger U.S. economy are experiencing a speculative bubble, which is about to burst.

Why the World Bank’s Governance Reform Is Stuck – and How to Break the Stalemate
We examine the World Bank’s protracted and conflicted attempts at shareholding reform from 2008 to the present, situating them within the broader context of multipolarity and intensifying geopolitical rivalries.

Can States Reinvent U.S. Healthcare? This Expert Thinks So.
Phillip Alvelda, a former DARPA program manager, reveals how a fracturing federal system has opened the door for bold state leadership. Will blue states rise to build a healthier, more just future?

Why Inflation Sticks Around: The Social Roots of Price Persistence
Inflation persists not just because of spending or interest rates, but because underlying social conflicts over income, expectations, and power remain unresolved.

Wage Stagnation and Populism: A Comment on David Brooks and Noah Smith
Times have changed. Now we have David Brooks, of The New York Times, and economics blogger Noah Smith defending neoliberal globalization from the pincer movement of anti-trade populists from both the right and the left.

Rethinking Pharmaceutical Innovation Policy
Misaligned incentives account for many of the most troubling features of the pharmaceutical industry’s present practices and performance.
Trade in the Time of Trump

Explosive New Book Argues Facebook Is a Global Engine of Harm and Corruption. Is Reform Possible?
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?