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.
In Karla’s Choice, Nick Harkaway takes up his father John le Carré’s most enduring creation, returning George Smiley back to the Cold War’s morally gray trenches. The novel reminds us that clever tradecraft can’t fix what cowardly leaders break.
Biden administration officials like Antony Blinken and Brett McGurk have embarked on media tours trying to whitewash their records over Israel’s destruction of Gaza. Their excuses for enabling genocide are as flimsy and threadbare as their ethical codes.
In defending and arming Israel over the last two years, Western governments have shown the hollowness of international law. The genocide will be remembered as a decisive moment in the collapse of liberalism.
Nicolas Grospierre’s photographs of collective farm buildings in Israel and the Baltic states reveal these communities’ utopian dreams — and their uncomfortable colonial underpinnings.
It took less than half a year for Donald Trump to renege on the promises he incessantly made on the campaign trail and plunge the country into another dumb, potentially bloody Middle East war no one wants.
Hungarian leader Viktor Orbán combined talk of defending Hungary’s traditions with a promise of prosperity. When he stopped delivering workers good economic news, culture-war messaging wasn’t enough to save him.
In Germany, podcaster Ole Nymoen has become public enemy number one for supporters of the government’s rearmament campaign. He spoke to Jacobin about his new book against militarization and on the need for a renewed peace movement.
Donald Trump is often blamed for the US’s hostility toward the EU, but the roots of the rift run deeper. Europe’s manufacturing-heavy economy and tough regulation of US tech have put it on a collision course with Washington.
Donald Trump Jr is raising money for Polymarket and lobbying to shield prediction markets from regulation. There should be a thick wall between Trump family business and the presidency. An event contract on whether one exists might be a good investment.
Not content with launching a costly and disastrous war on Iran, Trump has unveiled a new plan to pay for it by further slashing domestic programs that keep Americans economically afloat. His new 2027 budget document is effectively a political suicide note.
Europe’s far-right parties have long boasted about putting their own countries’ interests first but now slavishly support the latest US-Israeli war. While they opt for vassalage, antiwar forces have turned out to be the real defenders of sovereignty.
The EU is watering down its tepid plans for ecological reform as energy prices soar. The Left has to escalate the struggle for social and environmental justice in Europe and oppose attempts to shift the burden of climate chaos onto the Global South.
At this summer’s National Conservatism Conference, reactionaries — many of whom were close to or worked within the Trump administration — felt the wind was at their backs.
Economist Isabella Weber explains where the inflation surge came from and why the Biden administration struggled to beat it.
The linchpin of Rwanda’s booming mineral sector is the violent paramilitaries it finances in the Democratic Republic of the Congo.
Key to a long-term solution to defeating the far right is an economic program that guarantees security to all, including the affordability of housing and other essential components of a dignified life, Isabella Weber tells Jacobin.
In her new book, economist Isabella Weber explains how inflation has helped drive the far right’s ascendance around the developed world — and how effective price regulation can promote affordability and boost the Left.
Spain’s deputy premier Yolanda Díaz has enacted landmark reforms to strengthen workers’ rights. In an interview, she tells Jacobin that “there’s no more powerful force than the workers of the world.”
Kimberly Guilfoyle, Donald Trump’s ambassador to Greece, has resigned. Her farewell statement lays bare the bigger story: how American exporters and Greek capital collude to make ordinary households foot the bill for their new energy order.