The US dollar is used by governments and investors around the world for trade and as a safe asset. Jacobin asked economist Mona Ali if Donald Trump’s tariffs are destroying trust in the currency and what effect this instability will have on ordinary people.
Donald Trump has championed tariffs as a way to revive American manufacturing. But without a real industrial strategy, Catalyst editor Vivek Chibber argues, they’re little more than a handout to capital.
What caused Donald Trump to walk back on many of his tariffs last week was not domestic pressure but a run on the market for US Treasuries led by large institutional savers. If US debt is no longer a safe asset, then American hegemony is also at risk.
What the world remembers about the 1989 Tiananmen Square protests were the students. But above all, it was a mass workers’ uprising for socialist democracy.
Ethiopia’s prime minister is making headlines as a Trudeau-like liberal reformer. But behind his progressive sheen, his economic policies are set to accelerate inequality and poverty.
In Hong Kong, leftists of all kinds support ongoing protests for democracy and civil liberties. Leftists everywhere else should, too.
People aren't turning to socialism because they're naive. They're turning to socialism because they know we don't have to live in misery.
Most US reporting on North Korea is inaccurate fluff produced by self-serving careerists. But a new book finally shows how to do it right.
The Chinese state has dramatically escalated repression against workers organizations.
Despite the cost-of-living crisis, Australian Labor PM Anthony Albanese says that spending $246 billion on US nuclear submarines is “clear-eyed pragmatism.” But with Donald Trump in the White House, Labor’s love for American power goes far beyond realism.
Once the poorer neighbor of Hong Kong, Shenzhen has been transformed into a showcase for the speed, power, and dynamism of Chinese development — and a study in extreme inequality.
Billionaire Peter Thiel insists that freedom and democracy are incompatible, and his portfolio of data mining and political bets puts that belief into practice. His is a program of authoritarian control disguised as innovation.
Despite four decades of imperial interventions, the United States was defeated in Afghanistan. Tariq Ali explains the long history of meddling in Afghanistan — and why the US's defeat will set back the broader project of American military supremacy.
Economist Branko Milanovic saw firsthand the soaring inequality of Russia’s 1990s transition to capitalism. He spoke to Jacobin about how Vladimir Putin’s war has plunged the country back into crisis — and placed a bomb under the globalized order.
There’s lots of breathless chatter out there about how cryptocurrency will reshape the world. But the truth about crypto is simple: capitalists are using it to get rich and screw the rest of us.
Seventy-five years ago today, Japan adopted a constitution that ruled out ever using war as a tool of state policy. The country’s conservative leaders now want to ditch that commitment as they embrace the dangerous role of a militarized US client state.
The Biden administration's lofty rhetoric about "vaccine diplomacy" is a blatant lie. The reality is that the US government has actively upheld a system of vaccine apartheid that guarantees vaccine scarcity in the Global South and reinforces US empire.
The people of Greenland don’t want to be subjects of Denmark or the United States — they want economic independence and freedom from foreign control.
What kind of economic policy could we expect from a second Trump term?
In a new memoir, Tariq Ali recounts his work and activism across the end of the Cold War era and the era of neoliberal globalization. He spoke to Jacobin about what it means to be an anti-imperialist in a changed world.