A Political and Literary Forum
A sweeping new history of U.S. capitalism finds that economic gains have always been driven by the state.
Justin H. Vassallo
To support the work of the future, we must promote workers’ skills as crucial to technological progress.
The neofascist assault on democracy is a last-ditch effort on the part of neoliberal capitalism to rescue itself from crisis. The only solution is a decisive retreat from globalized finance.
Markets have played a central role in the country’s explosive development since the 1980s. But as GDP rose, inequality has soared—a stark turn away from earlier socialist ideals.
Mainstream economics ignores the massive government interventions that “free market” capitalism requires.
Robert Pollin, Gerald Epstein
For economist Albert O. Hirschman, social planning meant creative experimentation rather than theoretical certainty. We could use more of his improvisatory optimism today.
Private insurance companies have long dominated the provision of social security in the United States, but resistance is growing.
How a grassroots movement of farmers laid the foundation for state intervention in the economy, challenging the slaveholding South in the run-up to the Civil War.
Chris Hong, Robert Manduca, Nic Johnson
The American Jobs Plan mirrors past efforts at affordable housing that contributed to our problems and failed Black Americans. We need to take housing out of the private market.
Gianpaolo Baiocchi, H. Jacob Carlson
Direct payments to families should replace backdoor tax breaks, which obscure the failures of capitalism to sustain social reproduction.
Two timely new books unmask the colossal shipping industry behind global trade, whose monstrous pursuit of profit has long wreaked havoc on laborers and the seas they sail through.
A conversation with Heather C. McGhee about the zero-sum thinking that has long dominated American attitudes to race and wealth—and how to organize to secure public goods for everyone.
Heather C. McGhee, Archon Fung
Non-college-educated U.S.-born workers have every reason to be enraged by declining wages and living standards, but more restrictive immigration policies won’t solve these problems.
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Daniel Akihiro Iwama
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