An American couple doing taxes.

401(k)s Are Flashing a Red Light

Since the pandemic, Americans’ hardship withdrawals from their 401(k) funds have soared. It’s a stopgap for many people who are struggling, but also points to a dysfunctioning pension system.

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Jacobin is a leading voice of the American left, offering socialist perspectives on politics, economics, and culture.

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Under capitalism, technological “progress” like AI systematically deskills workers, deepens managerial control, and turns the labor process into a site of conflict rather than liberation. This is by design.

We Need a Socialism After Capitalism

Socialism cannot mean merely managing capitalism more fairly. It must point toward a society where survival is no longer contingent on the market — and where democracy extends into the economy itself.

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Jacobin is a leading voice of the American left, offering socialist perspectives on politics, economics, and culture.

$29.95
1 Year / 4 Issues
Digital Subscription
$39.95
1 Year / 4 Issues
Print + Digital Subscription