The primacy of the dollar is considered one of the pillars of American might, conferring exorbitant financial privileges and coercive power. But what maintains the global dollar system is in fact inseparable from what’s driving American domestic decline.

A still featuring Arnold Schwarzenegger from the 1991 film Terminator 2: Judgment Day

AI Doomsaying Is an Aggressive Sales Pitch

When AI insiders warn that their products could wipe out humanity, they mean that their own work is maximally important and demands unprecedented investment. This extinction fantasy distracts from the real damage AI is already doing.

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Zohran Mamdani and Bernie Sandersembrace during a One Hundred Days rally in the Queens borough of New York, on April 12, 2026.

Report: The Working-Class Vote Is Not Lost

In an extensive new study supported by Jacobin, more than 40,000 voters evaluated nearly 800,000 candidate profiles. The results show how progressives could rebuild their working-class support.

Michael Hardt and Antonio Negri’s Empire became a campus sensation because it offered a master theory for globalization at a moment when old Marxist categories seemed exhausted. But the capitalist internationalism they saw as permanent has now crashed and burned.

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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