Trump Tips the Scales in Honduras
Donald Trump’s meddling in Honduras’s national election aims to return the disgraced party of the narcotrafficking ex-president Juan Orlando Hernández to power.
Search Result(s) for: “crypto”
Election 2024: How Billionaires Torpedoed Democracy
Both parties’ 2024 campaigns claimed to be about “saving democracy.” Yet both parties ended up bought and paid for by billionaires.
New House Speaker Patrick McHenry Is a Lobbyist’s Best Friend
New temporary House speaker Patrick McHenry is a puppet of the financial, real estate, and debt collection industries, gladly taking 90 percent of his campaign cash from lobbyists in exchange for advocating blanket deregulation.
Trump’s Bailout Philosophy: Too Loyal to Fail
Donald Trump’s second term won’t bring smaller government as promised. Instead, it will replace regulations with a system of executive grace and favor. The old bailout standard of “too big to fail” will be supplanted by a new one: only the loyal survive.
Brandon Johnson Should Establish a Public Bank in Chicago
Chicago’s working-class neighborhoods have been exploited by predatory financial institutions and starved of desperately needed investment. Mayor-elect Brandon Johnson could change that by creating a public bank.
Yes, You Should Worry About Inflation
For a generation, the Left dismissed any concerns about inflation as elite fearmongering. But now inflation is here. And it’s hurting workers more than anyone.
How Big Tech Became Part of the State
Amazon, Meta, and OpenAI wield tremendous influence over our politics, but does this mean we are entering an era of technofeudalism? In a wide-ranging discussion, Evgeny Morozov and Cedric Durand ask how we ought to understand contemporary capitalism.
Joe Biden’s New Communications Director Made Millions in Corporate Consulting
Before being tapped to become Joe Biden's new communications director, political advisor Ben LaBolt made a pretty penny in corporate consulting — and many of his former clients have obvious interests in White House policy decisions today.
Billionaire Donor Wants Kamala Harris to Fire the FTC Chair
A major Democratic donor and Microsoft board member is pressuring Kamala Harris to dismiss the government’s top antitrust regulator, who has launched an aggressive crackdown on corporate power since taking office.
El Salvador’s Nayib Bukele Is Yet Again Ramping Up His Authoritarian Violence
Nayib Bukele has overseen multiple violent crackdowns on basic civil liberties across El Salvador during his time as president. With his recent declaration of martial law against gangs, it’s only getting worse.
Trump’s SEC Chair Has Scored a Massive Tax Break
Donald Trump’s SEC chair, Paul Atkins, just sold his financial services firm for more than $25 million and is set to receive a huge tax break on the proceeds. He has refused to disclose who is behind the payout or if they have business with the SEC.
Cryptocurrency Is Bunk
Cryptocurrency promises to liberate the monetary system from the clutches of the powerful. Instead, it mostly functions to make wealthy speculators even wealthier.
The Shock Doctrine Comes to Puerto Rico
An interview with Naomi Klein and Mercedes Martinez, president of the Puerto Rican Teachers Federation.
The Trump Administration’s Entanglements With Saudi Arabia
Trump administration economic projects like its big AI build-out involve billions of dollars in investments from the Saudi Arabian government. The committee that’s supposed to oversee the deals is stacked with officials with business ties to the Saudis.
“Banking-as-a-Service” Firms Can Evaporate Your Life Savings
On the rise in the banking sector, "banking-as-a-service" companies operate outside purview of banking regulators. With lax oversight and heavy industry lobbying, these firms are misleading consumers about the safety of their savings.
Coachella Is a Carnival for Capital
Coachella is less a music festival than a showcase for brands. You could even say that Coachella is at the bleeding edge of capitalist bullshit.
Capitalists Are Escalating Their Shakedown of American Workers
Last year’s modest wage gains have been wiped out by inflation, and prices are up across the board. Meanwhile, the rich are living large on superyachts and private islands — and they’re coming for working Americans’ last scraps of wealth.
Cory Doctorow Explains Why Big Tech Is Making the Internet Terrible
The internet is increasingly a miserable place to be. As Cory Doctorow explains, Silicon Valley CEOs and grifters are working hard to keep it that way.
Andrew Tate Wants Everyone to Get in on the Grift
Online misogynist Andrew Tate doesn’t pretend that life under capitalism isn’t a scam. He readily acknowledges that it is, with success coming through coercion, exploitation, and predation — and he wants you to get in on the hustle with him.
There Was a Lot of Good News in This Week’s Primaries
Despite setbacks, from Pennsylvania to Kentucky, socialist candidates eked out victories in this week’s primaries. Centrist challengers, backed by super PAC and corporate money, massively underperformed. Democratic socialists aren't going away anytime soon.