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Why Joseph Schumpeter Hated Democracy

Joseph Schumpeter saw firsthand the transformative power of democracy in Red Vienna Austria and New Deal America. But as a conservative, he recoiled at workers' challenges to traditional hierarchies — reminding us that the Right has always loathed democracy.

Pandemics Can Mean Strike Waves

In discussions about the last global pandemic, the “Spanish flu,” we never hear about the strike wave that kicked off at the exact same time. But in 1919, one-fifth of American workers walked off the job. We shouldn’t be surprised that labor militancy is spreading during today’s coronavirus pandemic.

We’re Doing Seven Live Videos This Week

From discussing what a socialist economy could look like in the 21st century to why we should be wary of "woke neoliberalism" to Matt Bruenig on the Nordic model and more – we're doing a ton of live videos this week. Subscribe to our YouTube channel and tune in!

Another Europe is Possible – But Not Another European Union

Europe’s radical left has been bitterly divided over the question of European integration. But wishful thinking aside, the structures of the European Union can’t be used to achieve socialist goals. Sooner or later, any left government will have to confront and defy its economic straitjacket.

No Election That Endangers Voters Is Legitimate

Despite the blatant public health danger it poses and the widespread voter disenfranchisement that will occur, Wisconsin will hold its primary tomorrow. People will die as a result — and the results should be seen as illegitimate.

How We Can Break the Power of Finance

An important new book, Sabotage: The Hidden Nature of Finance, skewers the destructive role of finance in our economic system. But its authors shy away from the radical implications of their analysis and end up peddling technocratic illusions about the necessary cure.