The Crypto Bro President
El Salvador’s president, Nayib Bukele, had a mandate for change. He used it to build a police state and buy coin.
Search Result(s) for: “crypto”
Trump’s CFPB Is Opening the Gates for Fintech and Crypto
Steering the country toward another potential financial crisis, the Trump administration has moved to completely gut the federal regulatory agency tasked with reining in financial institutions.
Javier Milei’s Meme Coin Boondoggle
Argentinian president Javier Milei faces his biggest crisis yet over his promotion of a crypto scam. As leaders on the Latin American right distanced themselves from the anarcho-capitalist, Elon Musk took the opportunity to reaffirm their bond.
A Sweatshop in Your Pocket
Crypto-based video games like Axie Infinity are no fun for the Filipinos who play them for a living.
The Capitalist Interests Behind Donald Trump
Trumpism is often cast as a personalist project representing no coherent capitalist interest. But it is also the product of splits within the ruling class and a new power bloc uniting the tech-military complex, crypto-capital, and extractivists.
Pierre Poilievre Wants to Lead Canada’s Conservative Party
Pierre Poilievre, backed by anti-vaxxers, crypto bros, and far-right populists, is the leading candidate for Canada’s Conservative Party. If elected, Poilievre, who has described Canada’s welfare state as “horrific,” will wage war on social programs.
El Salvador’s Historic Metal Mining Ban Is in Danger
Following its failed crypto scheme, authoritarian president Nayib Bukele’s cash-strapped government is making moves to reverse El Salvador’s metal mining ban. Its reintroduction would be a disaster for the nation’s already contaminated water supply.
The Tech Billionaires Behind Trump’s Greenland Push
Silicon Valley oligarchs like Peter Thiel and Marc Andreessen have much to gain from Donald Trump’s seizure of Greenland, both as a source of rare earth minerals to feed the AI boom and as a site for a libertarian “crypto state.”
Bill Gates, Crypto-Socialist?
Bill Gates is right: the private sector is stifling innovation in green energy. But that's not the only place capitalism is holding us back.
Don’t Republicans Ever Get Tired of Carrying Water for the Banks?
Republican representative Patrick McHenry is staunchly defending a bank deregulation law passed under Donald Trump just days before leading an inquiry into the collapse of Signature Bank — which is his top donor.
Cryptocurrency Is a Giant Ponzi Scheme
Cryptocurrency is not merely a bad investment or speculative bubble. It’s worse than that: it’s a full-on fraud.
Tim Scott Is Fighting for His Donors’ Junk Fees
Joe Biden’s CFPB passed rules limiting overdraft and credit card late fees. As the chair of the Senate committee that oversees the agency, Tim Scott wants to reinstate these junk fees — a key priority for his donors in finance.
Issue 48: The Internet Speaks
We get our business wisdom from the comments section.
Ten of Eric Adams’s Worst Policies, Scandals, and Lies
Eric Adams has had so many scandals and strange public declarations since he took office that it’s easy to lose track of them. To make sure you keep them straight, we’ve rounded up ten of the New York mayor’s greatest hits thus far.
Tech Capital Is Dominating American Politics
While Donald Trump assaults civil liberties and the social safety net, Democrats are lost. Capital’s continued dominance of both parties and Big Tech’s machinations in particular are key to understanding our political crisis, argues Thomas Ferguson.
In El Salvador, Bitcoin and the Police State Have Gone Hand in Hand
Mario Gómez is one of El Salvador’s most prominent critics of the government’s recent embrace of Bitcoin — which may explain why he was recently arrested by Salvadoran police, he told Jacobin in an interview.
Lobbyists Are Urging SCOTUS to Gut Consumer Protections
Lobbyists are urging the Supreme Court to use upcoming cases to gut consumer protections. The lobbying groups involved are tied to conservative donors who have spent decades working to roll back consumer regulations and environmental protections.
Big Tech Wants to Become Its Own Bank
To the dismay of Elon Musk and Mark Zuckerberg, the law currently prevents Big Tech companies from opening banks. But if Congress passes the GENIUS Act, tech firms may start issuing private currencies and forcing us to use them.
Political Betting Platforms Have a Friend in Trump
Political betting markets, which facilitated more than $3 billion in total election-related bets during this election season, are poised to win big from Trump administration ties and policies.
BlackRock’s Claim of Green Investment Has Always Been a Sham
In early 2020, BlackRock CEO Larry Fink announced that the firm was turning toward climate-friendly investments. The record, though, shows that Fink’s green branding turned out to be entirely bogus.