A Historian of Economic Crisis on the Fire This Time
Economic crises have reshaped the modern world. Economic historian Adam Tooze tells Jacobin how the coronavirus pandemic will upend global politics and commerce for decades to come.
Search Result(s) for: “China”
The Beijing Winter Olympics Are a Political Disaster
Liberals and leftists agree: the International Olympic Committee is a blatantly hypocritical institution bent on prioritizing profits over people worldwide. Anti-Olympics activists can use this moment to fortify their long-standing efforts against the five-ring machine.
Fernando Haddad on Brazil’s Place in Global Capitalism
Positioned between major power blocs, Brazil sits at the center of debates on geopolitics, development, and the green transition. In an interview, left-wing finance minister Fernando Haddad assesses domestic political trends and Brazil’s place in the global economy.
Europe Signs Up for Its Century of Humiliation
EU chief Ursula von der Leyen has signed Europe up to a humiliating, unequal trade deal with the United States. The terms dictated by Donald Trump reflect Europe’s vassal status as an increasingly junior partner to US empire.
Anatomy of a Collapse
The Chinese state's intervention after the stock market crash was immensely political — as was the collapse itself.
“Bidenomics” Won’t Reverse Working-Class Decline
The Biden administration has made some prolabor gestures and moves toward more state direction of investment. But the policies, emphasizing subsidies to business, will do little to reverse working-class disorganization or meaningfully address climate change.
A Left Moral Vision Needs a Political Economy to Match
Gustavo Petro’s “economy for life” captures something essential about the planetary crisis. Turning it into a program requires confronting the structures that stand in the way.
No, Mexico Is Not a Trojan Horse for Chinese Exports
Both Democrats and Republicans now claim that Mexico has become a back door for Chinese goods to enter the United States. There’s little evidence for it, but that hasn’t stopped the US from bullying its southern neighbor.
Trump’s Tariffs Have Done What No US Adversary Could
Great powers often decline through self-inflicted blows. By starting a trade war he was unable to follow through on, Donald Trump may have just dealt a severe one to the United States.
The BRICS Expansion Isn’t the End of the World Order — or the End of the World
Responses to the expansion of BRICS ping-ponged from dismissal to fearmongering. But there’s not much reason to fear for the US-led world order quite yet — and we shouldn’t fear the multipolar one BRICS wants to build.
We Can’t Go Back to a Golden Age of Capitalism
Inequality is on the rise in the West but globally it’s in decline. Economist Branko Milanovic speaks to Jacobin about the shifting dynamics of capitalism, and why going back to its so-called “golden age” is not an option.
Anti-Capitalist Politics in the Time of COVID-19
As Marxist geographer David Harvey argues, forty years of neoliberalism has left the public totally exposed and ill prepared to face a public health crisis on the scale of coronavirus.
How the Media Fools Us About Trade
On trade policy, the media has a simple rule: when trade hurts the working class, it’s good for the economy. When it hurts the ruling class, it’s bad for the economy.
Keir Starmer Will Make Britain Even More of a US Lapdog
As Keir Starmer’s Labour Party coasts toward power, its foreign policy discussion is all about being an outrider for Washington. As geopolitical conflict heats up, it wants to make Britain the US’s most implacable ally on the European continent.
Donald Trump Seems Intent on Sabotaging US Dominance
By clinging to American primacy through force and intimidation, Donald Trump is, ironically, undermining US global power. A saboteur trying to subvert US interests from the inside could hardly do better than what he’s accomplished through sheer incompetence.
Meet Russell Vought’s Foot Soldiers in Trump’s OMB
As Russell Vought and the Office of Management and Budget more explicitly become the engine of Donald Trump’s second term, a handful of little-known appointees at the agency may point the way to its future.
For Pedro Sánchez, Europe Has to Leave the US’s Shadow
Spain’s Premier Pedro Sánchez has emerged as a sharp critic of Donald Trump. But he's also pushed for a broader realignment of European policy, recognizing the need for new international partnerships after the end of US hegemony.
No, Japan Should Not Remilitarize
Washington’s push to rebuild Japan’s military, disbanded after World War II, is incredibly dangerous. Not only would remilitarization stoke conflict in the region, it would also embolden the growing Japanese far right.
Washington’s Bullets Can’t Stamp Out the Hope of a Better World
Marxist historian Vijay Prashad talks about his new book Washington Bullets and the history of US-backed coups, from the post–World War II period to the recent successful right-wing coup in Bolivia.
What Comes After Neoliberalism?
The era of neoliberal globalization is drawing to a close. Yet for socialists, there might not be a light at the end of the tunnel.