Cryptocurrency Is a Giant Ponzi Scheme
Cryptocurrency is not merely a bad investment or speculative bubble. It’s worse than that: it’s a full-on fraud.
19283 Articles by: Abigail Torre
Abigail Torre grew up in Chile and now lives in Berkeley, California where she is cochair of the East Bay chapter of Democratic Socialists of America.
Joe Biden Missed His Golden Opportunity to Attack the Pandemic
One of the best ways Joe Biden could have attacked the pandemic and boosted the US’s vaccination rate would have been to fight for Medicare for All, or at least a public option. He refused to do so.
Dominicans of Haitian Descent Need to Have Their Citizenship Recognized
Thousands of Dominicans of Haitian descent are forced to live like fugitives because the Dominican government refuses to acknowledge their claims to citizenship. The DR’s racist denaturalization policy is tearing apart families and destroying lives.
Austerity Is Prolonging the Pandemic
The Australian government had two years to build hospitals, train health care workers, strengthen social services, and manufacture COVID tests and vaccines. They didn’t, because it would have gone against the neoliberal consensus that unites both major parties.
Smedley Butler Helped Build American Empire. Then He Turned Against It.
Smedley Butler was born to privilege and power, becoming a powerful general in the most powerful military in the world. But he realized he was playing a key role in an evil system, US imperialism — and used his privilege and power to speak out against it.
A Worldwide Tax on Extreme Wealth Could Lift Billions Out of Poverty
A new report reveals the breathtaking extent of global inequality — and the vast progress that a global wealth tax could underwrite in areas like child poverty and climate change.
Voting Rights Alone Will Not Save the Democrats
Expanding voting rights without expanding economic rights, as the Democrats are now attempting to do, won’t save American democracy and won’t save the party from collapse.
When Public Transit Workers Ground New York City to a Halt
In 1966, New York City public transit workers went on strike for a better contract, paralyzing the life of the city. The strike showed that New York couldn’t function without their labor and forced reluctant bosses to concede to their demands.
More Than 8,000 King Soopers Workers Are on Week Two of Their Strike
A strike by over 8,000 workers at Kroger-owned stores in Colorado is entering week two. The company has won a restraining order against its employees, limiting the number of workers who picket on company premises — a tried-and-true method of breaking a strike.
The Bronx Apartment Fire Was a Product of New York’s Out-of-Control Housing Market
The Bronx apartment fire that recently killed 17 people was a devastating tragedy. It is also the entirely predictable outcome of a housing market that forces tenants to grovel for basic repairs while landlords rule as something close to kings.
Alabama Amazon Workers Are About to Rerun Their Union Election
A year ago, all eyes were on the unionization election at Amazon’s warehouse in Bessemer, Alabama, where illegal union suppression tactics by Amazon helped sink the drive. Thanks to a court order, that vote is about to be rerun.
Kenyan Police Have Killed Hundreds During the Pandemic. Yassin Moyo Was One of Them.
Nairobi, Kenya’s police took the COVID-19 lockdown as an opportunity to increase violent harassment of the city’s citizens. Since 2020, police have killed more than 326 people. Among them: 13-year-old Yassin Moyo.
In Romania, Hard-Won Abortion Rights Are Being Systematically Undermined
In 1989, Romania finally dropped its infamous policy banning all forms of birth control. But today, many women are finding it impossible to get an abortion, faced with a systematic right-wing assault against reproductive rights.
Property Developers Have No Place in Local Government
In the UK, local governments are constantly agreeing to sleazy deals to provide hyperprofitable contracts to property developers. The only solution: ban developers and their lobbyists from councils.
Manchin and Sinema Defend the Filibuster Because the Filibuster Defends Corporate Power
The filibuster is not about democratic checks or minority rights. The filibuster is about giving corporations veto power over the economy — which is why Joe Manchin and Kyrsten Sinema defend it.
The US Has a Homegrown Model for a Better Health Care System
The National Health Service Corps has been placing primary care providers in working-class communities since 1972, though few have heard of it. We need to not only scale up the program but consider it a model for a health care system that puts people over profit.
“Democratic Socialism Is About Building a Just Society”
Jessica Mason is a Navy veteran and socialist running for Congress in Texas. In an interview with Jacobin, she discusses the importance of unions, her time in the military, and why both parties “demonize democratic socialism because they are scared of it.”
Mining Companies and the EU Want Serbia’s Lithium
In December, mass protests halted the mining company Rio Tinto’s plan to construct a lithium mine in Serbia, defeating the country’s right-wing government and the EU. The Left needs to fight for an alternative to environmentally destructive neoliberalism.
Unfortunately, There Was No “Striketober”
Everyone is desperate for signs of life in the American working class, so the breathless talk of a “Striketober” a few months back made sense. But new Bureau of Labor Statistics data throws cold water on that idea: there was no strike upsurge.
Michal Kalecki and the Politics of Full Employment
Polish economist Michal Kalecki is often linked with the “Keynesian revolution,” but Kalecki’s view of capitalism was much more radical than Keynes’s. His ideas are a vital tool for understanding how the system works, and how it might be overcome.