Economy
Not content with launching a costly and disastrous war on Iran, Trump has unveiled a new plan to pay for it by further slashing domestic programs that keep Americans economically afloat. His new 2027 budget document is effectively a political suicide note. With his war on Iran, Donald Trump has already landed a quadruple axel
Capitalism
The term neoliberalism is often criticized because it is used in various ways and understood differently by different people. It’s a slippery concept, but one could also say that about liberalism or democracy or conservatism. Each of these words is tricky and takes on different shapes in different times and places, and that’s true of
Capitalism
This gonzo economic theory continues to live on, notwithstanding its repeated failures Within weeks of taking office, Britain’s new prime minister, Liz Truss, and her chancellor of the exchequer, Kwasi Kwarteng, proposed a radical new set of economic measures that echoed the trickle-down policies of Margaret Thatcher and Ronald Reagan – heavy on tax cuts for
Capitalism
The Left’s agenda has to include three basic commitments: democratize production, decommodify life’s essentials, and defend the public goods we all hold in common. To do that, we have to transform the very idea of ownership. Throughout the pandemic and the period of economic pain it brought, the news cycle has been gripped by a
Capitalism
The price of essentials like rent and medical drugs will never come down to pre-pandemic inflation levels if corporate greed goes unchallenged. These days, it seems like everyone has a few important questions on their mind: Is the economy still in the gutter? Or are things getting better? Does inflation mean prices will stay high
Capitalism
The world is on fire all around us. The free market can’t put that fire out — only massive state intervention in the economy can. Mainstream politicians these days are constantly looking for excuses to justify their divergence from market dogma. From the pandemic to the energy crisis, the war in Ukraine and growing inflation,