The Crypto State
The Trump White House has helped install the ticking time bomb that is cryptocurrency directly into our economy. When it blows up, the damage will be catastrophic.
5 Articles by: Ramaa Vasudevan
Ramaa Vasudevan teaches economics at Colorado State University. She is the author of Things Fall Apart: From the Crash of 2008 to the Great Slump.
Crypto Finance Is a Speculative Scam That’s Worsening the Instability of Global Capitalism
Advocates of crypto claimed that it would liberate ordinary people from the constraints of big finance and state-backed money. In reality, it’s become a vehicle for high-risk financial speculation, with the same narrow elite harvesting the gains.
The Pandemic Alone Can’t Transform Capitalism
COVID-19 has caused unprecedented disruption to the world economy, shining a harsh light on the frailties of global capitalism. But there won’t be a progressive paradigm shift coming out of the crisis without a dramatic upsurge of collective action.
How Big Finance Is Making a Killing From the Pandemic
In spite of mass unemployment and a public health catastrophe, the stock market has been thriving, thanks to massive intervention by the Federal Reserve. We have to break the doom loop that links the Fed to the interests of financial megafirms.
To Fight the Pandemic, We Must Challenge the Whole System
The dysfunctions of modern capitalism have left us perilously exposed to a public health catastrophe. We must build on the solidarity engendered by this crisis to fight for a different world.