The major factors bringing about the current, continuing inflation are unlikely to be much affected by the Fed’s recent interest rate increases. But those increases weaken labor’s bargaining power, so Washington welcomes them anyway.
Marxism is a social theory about how the world works, and how to change it. Anyone committed to understanding and changing the world should be a Marxist.
The European Green Party rushed to condemn the Greens of England and Wales when they voted to support a single democratic state in Palestine. It has never condemned the German Greens for supporting Israel’s genocidal violence against the Palestinians.
Publishing a theory of capitalist peace six weeks into World War I was catastrophic timing. The problem is that the post-war order looked a great deal like what Karl Kautsky described.
Donald Trump won in 2024 by casting billionaires and blue-collar workers as allies against a liberal professional elite. As working-class voters lose faith in him, the Left has a chance to consolidate support around economic populism.
Echoing the outrage of housing protesters, Minister Pablo Bustinduy admonished Spanish politicians for betraying the working class in favor of rentiers. The legislature’s rejection of two vital housing decrees led PM Pedro Sánchez to call snap elections.
The critics savaging Alejandro González Iñárritu’s Digger are right, and so is the public who stayed home — missing a Tom Cruise movie, no less. Watch Dr. Strangelove instead.
Flávio Bolsonaro finished ahead of Lula in Brazil’s first round of the presidential election, aided by US intervention and an overly cautious Workers’ Party. To win the runoff, Lula needs to give working people a reason to hope.
In 2021, Richie Floyd was elected to the St Petersburg City Council, becoming the first openly socialist elected official in Florida in over a century. Writing in Jacobin, Floyd explains how Bernie’s 2016 campaign launched him into organizing.
The World Inequality Lab has produced the most ambitious redistribution plan in decades. But it asks the workers of the rich world to atone for empire rather than fight capital.
Socialists need more than a critique of capitalism. We need a concrete account of how a socialist economy could work — and make ordinary people’s lives better.
The occupation of Madrid’s Puerta del Sol by housing protesters has brought back memories of the anti-austerity revolt that began in 2011. But where the Indignados used generic populist language, this new movement has a clear left-wing focus on class.