In 1975, Wall Street declared war on New York, sending the city into a fiscal crisis. A forgotten public banking proposal in the state assembly could have stopped it — and put both the city and the country on the path to socialized finance.
Liberal Zionism Is an Inherent Contradiction
Despite the inherent contradiction between liberalism and extreme ethnic nationalism, many people still refer to themselves as “liberal Zionists.” But when liberal principles come under attack by Israel, they’re nowhere to be found.
The US Propped Up the Shah’s Dictatorship to the Bitter End
The shah of Iran faced a secular opposition that wanted to restore constitutional government. Washington continued to back his dictatorship as it faced mass protests, paving the way for Ruhollah Khomeini to establish a theocratic system after its fall.
“A House of Dynamite” Is the Wrong Metaphor for US Nukes
Kathryn Bigelow’s new film, A House of Dynamite, captures the horror and insanity of nuclear war. But by portraying the US atomic arsenal as an inheritance from the past rather than a product of our own time, it lets our political leaders off the hook.
ICE Is Expanding Its Detention Capacity
Immigration and Customs Enforcement signed a $30 million contract last week that moves to convert vacant warehouses into mega detention centers, increasing capacity in the Trump administration’s push to supercharge deportations.
For 2026, we just released a beautiful, limited-run calendar that marks the great turning points of the labor and socialist tradition. Support our work and get one today.
How Marine Le Pen Seduced Corporate France
Emmanuel Macron has been a president for the rich, but his faltering support has also left big business unsure if it can rely on his party. For many French capitalists, the answer is to build up ties with Marine Le Pen’s far-right Rassemblement National.
US Journalists on Aid Flotillas Allege Israeli Soldier Abuse
A recent panel of three US journalists aboard the Gaza aid flotillas say they faced assault and threats from Israeli soldiers — and that the US government did little to help them.
The Rise of Chile’s Hard Right
The first round of voting in Chile’s general election in November saw the shocking rise of the far right and the collapse of the country’s new left. It’s a crushing but not total defeat for the movement helmed by President Gabriel Boric.
Cheney and Obama Enabled Trump’s Extrajudicial Killings
The extrajudicial murders carried out by the Trump administration in the Caribbean build on a dangerous power grab forged by Dick Cheney and expanded under Barack Obama.
Last night in Brooklyn, after his win in New York’s mayoral race, Zohran Mamdani gave a victory speech that quoted Eugene Debs, directly challenged Donald Trump, and laid out a vision for a New York City transformed. We reprint it here in full.
Next Sohee Is Korean Cinema at Its Bleak and Brilliant Best
Behind South Korea’s economic growth, there’s a system that grinds workers to the bone at every stage of the life cycle, from high school students to retirees. The film Next Sohee dramatizes the impact of that system to devastating effect.
Labour Is Copying Denmark’s Shameful Anti-Refugee Policies
The UK’s Labour government wants to copy Danish measures to make refugees’ status more temporary and even confiscate their valuables. It’s a dangerous policy that will only fuel a race to the right, as it’s already doing in Denmark.
Liechtenstein’s Feudal Prince Has Become a Libertarian Hero
Hans-Adam II is Europe’s richest monarch despite ruling one of its tiniest states. The prince of Liechtenstein flaunts his contempt for democracy, blending feudalism and financial capitalism to supply a model for the Right in much bigger countries.
When the Market Came for the Dying
In the early years of the AIDS crisis, the US government left people with HIV to fend for themselves. Desperate, they turned to a new and little-understood financial instrument: selling their life insurance policies to investors for quick cash.