Yesterday Donald Trump announced sweeping tariffs on all of America’s trading partners, with the explicit aim of “liberating” the US from unfair trade. Not only are these efforts confused, they will lock America in a cycle of stagnation and inflation.
Federal Worker Layoffs Will Affect the Entire US
Donald Trump has explicitly tied his campaign to slash federal jobs to draining “the swamp” of Washington, DC. But the impact of these cuts to the federal workforce will reach far beyond the DC area.
Trump’s Protectionist Turn Is a Death Blow for Neoliberalism
Donald Trump’s trade war means that we’re entering a qualitatively new phase in the history of capitalism. Yet the new economic order taking shape will be just as “globalist” as the neoliberal regime it’s supplanting.
Twilight of the Stock Jockeys
Year after year, funds actively managed by professional analysts fail to outperform passive index funds. So how are professional stock pickers still a thing? And how long before their clock runs out?
The Communists Who Told the World About Suharto’s Crimes
After Indonesian dictator Suharto invaded Timor-Leste in 1975, Australian communists set up an illegal radio station, broadcasting reports from the resistance to the world. Their work exposed atrocities — and Australia’s role in hiding them.
Born in the seventeenth century, our faith in progress is now at death’s door. Sociologist Göran Therborn traces the idea’s history — and argues that it must be revived.
Public Housing Is the Only Cure for Europe’s Housing Crisis
Throughout Europe, states have spent decades running down the structures of public investment and planning that once made housing accessible for working-class people. A recharged model of public housing is essential to address the resulting crisis.
A Better Future Depends on Reversing Class Dealignment
There’s no forging a durable working-class progressive coalition without winning back the blue-collar working class.
Wisconsin Rejected Billionaire Rule
Elon Musk resorted to promising voters $1 million checks and other unheard-of acts of brazen election buying to swing a state supreme court race. It seems to have been a bridge too far for voters.
Defending the Labor Theory of Value
The labor theory of value is one of Marxism’s most contested ideas. Both critics and supporters of socialism have labeled it inconsistent and outdated. In an interview with Jacobin, economist Duncan Foley offers a full-throated defense.
Hospitals Are Cashing In on Real Estate
Nonprofit hospital chains are buying up billions of dollars’ worth of real estate across the US, dodging property taxes using their charity status.
Canada’s Inequality Is Driven by Billionaire Wealth
New data show that Canada’s inequality crisis is driven by both billionaire wealth and runaway housing costs. Without a meaningful fix, both democracy and economic growth will be distorted by entrenched interests.
Viktor Orbán’s Shameful Embrace of Benjamin Netanyahu
Hungarian premier Viktor Orbán has invited Benjamin Netanyahu to Budapest, in defiance of the International Criminal Court arrest warrant. Their embrace shows how Europe’s far right increasingly identifies with Israel.
Palestinians Against Israel’s Genocide and Hamas
Palestinians in Gaza protested last week for the end of the war and for their right to live in peace and dignity in their homeland, targeting both Israel’s genocide and the disastrous leadership of Hamas.
