Beyond the China Price: Can Democrats Shape a New Industrial Strategy for the AI World?
The age of cheap Chinese labor may be ending, but the age of cheap goods is not necessarily ending with it. Rather, the source of affordability is shifting from human labor to machine intelligence. China could easily stay in the game. The next chapter of globalization may therefore be defined not by where factories are located, but by how effectively computation itself becomes a factor of production.
The Hangman’s Rope: How the USSR Created the Eurodollar Market that Later Strangled It
Citation APA (7th Edition) Pennings, A.J. (2026, May 17) The Hangman’s Rope: How the USSR Created the Eurodollar Market that Later Strangled It. apennings.com https://apennings.com/dystopian-economies/the-hangmans-rope-how-the-ussr-created-the-eurodollar-market-that-later-strangled-it/ “The capitalists will sell us the rope with which we will hang them.” – Attributed to Vladimir Lenin Introduction The “Third World Debt Crisis” of the 1980s was a decisive […]
USD Shortages and Global Solutions with Bancor/ICU and (SACT)AI
A USD shortage is not a lack of physical dollars. It is a shortage of dollar-denominated balance sheet capacity in the global financial system. Global trade is primarily invoiced in USD, debt is denominated in USD, and the most efficient collateral is USD Treasuries. The numbers reveal something profound. The world does not lack liquidity, it lacks a mechanism to allocate it globally. There is enough collateral, production, and demand. But not enough coordinated balance sheet capacity.
LSEG Workspace as the Central Spreadsheet Grid for Eurodollars
LSEG Workspace is a giant live spreadsheet that organizes the eurodollar system into cells and formulas. Treasuries and Fed rates are the anchor cells. Repo, FX swaps, and offshore deposits are formula-driven references.
Excel vs. Java: Two Languages, Two Worlds of Thought: Symbolic Grid vs. Algorithmic Script
Excel and Java embody two distinct computing traditions — the grid-born, spatial logic of accounting versus the engineered, algorithmic logic of software — each transformed the world in its own domain.
Digital Disruption in the Film Industry – Part 4: Generative AI for Video Synthesis
AI can now take text prompts and generate full-motion video, thanks to a new class of models called text-to-video generative AI. These models interpret natural language descriptions and produce short video clips with varying levels of realism and coherence. These instruction sets guide the AI’s generation and synthesis of “tokens” – data points that are combined into the visual sequence through various algorithmic processes.
AI and Government: Concerns Shaped from Classic Public Administration Writings
Drawing on the classics of public administration, we can start to specify some constraints and goals for artificial intelligence (AI) and develop a “smart” but ethical government that is efficient but also responsive to public concerns.
AI Governance and the Public Management of Transportation
I’m doing an audit of my work on the topic of AI Governance of the Automatrix for publication. It’s my collection of posts on Artificial Intelligence (AI) Governance and the Automatrix or maybe “Robomatrix?” It is about the public management of the future transportation infrastructure as it becomes increasingly “smart” and electric. Pennings, A.J. (2025, […]
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About Me
Professor (full) at State University of New York (SUNY) Korea since 2016. Research Professor for Stony Brook University. Moved to Austin, Texas in August 2012 to join the Digital Media Management program at St. Edwards University. Spent the previous decade on the faculty at New York University teaching and researching information systems, digital economics, and global political economy
You can reach me at:
anthony.pennings@gmail.com
apennings70@gmail.com
anthony.pennings@sunykorea.ac.kr
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