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19416 Articles by: Abigail Torre

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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.

The Response to the GameStop Fiasco Shows It’s Still Wall Street’s Economy

Now that hedge funds are losing billions to Redditors buying stocks like GameStop, Wall Street wants heavy-handed intervention into the market, and brokerages have clamped down on the upstarts. It’s a reminder that there’s no such thing as “people’s capitalism” or “shareholder democracy” — the capitalist economy is structured to do what’s best for the business elite.

The Biden Administration Is the Californication of the Democratic Party

California’s post-Reagan drift into the welcome arms of the corporate-friendly Democratic Party has meant a politics that looks like an elite lifestyle brand. It’s a state where social liberalism reigns, but so does staggering poverty and inequality. The Democratic Party has failed California and unless things change, it will continue to fail our nation.