Economics writer at The New Yorker. Author of “Capitalism and Its Critics: A History from the Industrial Revolution to AI" and other beach reads.
John Cassidy
First it was MIT and McKinsey. Now Bain finds that returns to corporate AI investments are disappointing.
www.bloomberg.com/news/newslet...
"According to the watchdog group Public Citizen, World Liberty Financial, a new-age finance firm that issues crypto tokens and stablecoins, & which Trump co-founded in 2024, has created more than a billion dollars for him in equity and cash inflows."
@johncassidysays.bsky.social for @newyorker.com
Here are four of the books we recommend in our new podcast. Two that look at Prebisch, one that deals with the 'infant industry' argument & one that looks at ideas. #EconSky
@cacrisalves.bsky.social @devikadutt.bsky.social @ingridhk.bsky.social @surbhikesar.bsky.social @johncassidysays.bsky.social
"It just so happens that the Trump family has close ties to Polymarket and Kalshi.
One of the investors in Polymarket is the venture-capital outfit 1789 Capital, where Donald Trump, Jr., is a partner. Trump, Jr., is also a “strategic adviser” to Kalshi."
www.newyorker.com/news/the-fin...
"What’s happening at the C.F.T.C. looks like a classic case of what economists refer to as regulatory capture, where vested interests effectively seize control of a government agency, which then advances their interests."
www.newyorker.com/news/the-fin...
Note to all staff: Turns out that super tasty AI candy we've been putting out in large bowls isn't free and it isn't necessarily leading to better products for our customers. From now on, all employees are limited to one a day.
