Liberals tend to worship a specific kind of hero: highly credentialed, media-friendly, foe of both conservative Republicans and “liberal pieties” — someone exactly like former FTX CEO Sam Bankman-Fried, cryptocurrency failure extraordinaire.
El Salvador’s president, Nayib Bukele, had a mandate for change. He used it to build a police state and buy coin.
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.
Crypto-based video games like Axie Infinity are no fun for the Filipinos who play them for a living.
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.
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.
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.”
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.
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.
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 not merely a bad investment or speculative bubble. It’s worse than that: it’s a full-on fraud.
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.
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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.
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.
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 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.
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.
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.
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.