Category: Economics/Class Relations

Has globalisation ended?

By Michael Roberts Apart from inflation and war, what grips current economic thought is the apparent failure of what mainstream economics likes to call ‘globalisation’.  What mainstream economics means by globalisation is the expansion of trade and capital flows freely across borders.  In 2000, the IMF identified four […]

How Did Private Property Start?

By Matt Bruenig, The Jacobin Libertarians tend to get flummoxed when confronted with this simple question. Perhaps the most interesting thing about libertarian thought is that it has no way of coherently justifying the initial acquisition of property. How does something that was once unowned become owned without nonconsensually destroying others’ liberty? It […]

Inflation Is No Accident

By Christopher Caldwell, Compact President Biden is hanging on to Vladimir Putin for dear life. Earlier this month, he estimated that Vlad the Invader was responsible for 70 percent of the latest wave of inflation to roll over the United States. Back in December, the administration blamed “the […]

Ukraine’s Geography and Economy

by Peter Zeihan on April 26, 2022 In many ways, Ukraine’s geography largely mimics that of the American Midwest: a broad swath of highly productive agricultural land with a largely navigable river running through it. In the United States, the Mississippi delivers the bounty of the Midwest to the port […]

Elon Musk and the ghost of Jay Gould

By Matt Phillips, author of Axios Markets A powerful 1%-er launches a takeover bid for a seemingly irreplaceable communications network, igniting a panic over the power of the super-rich. The intrigue: No, not Elon and Twitter. We’re talking about the notorious Gilded Age financier Jay Gould — who […]

Oligarchs After Liberalism

By Matthew Walther, The American Conservative Elon Musk’s attempt to purchase Twitter is probably doomed to failure regardless of how much money he is able to raise against his shares in Tesla. But the jubilation with which his attempted takeover has been greeted by conservatives, especially those who […]

Ron DeSantis Declares WAR On Disney

Disney will actually save money here. Their tax status allowed them to pay fewer taxes but they covered all the roads, police, fire, etc infrastructure in their area which cost more than just paying general taxes but let them keep the area around the parks at a standard […]

Tracking sanctions against Russia

By Minami Funakoshi, Hugh Lawson and Kannaki Deka The latest sanctions and actions taken against Russia by countries, major companies and organisations. Russia faces deepening isolation and economic turmoil as it continues to be hit with an array of sanctions that effectively cut off Moscow’s major financial institutions from […]

When The Star[bucks] Align (w/ Kshama Sawant)

This week, Briahna spoke to Seattle City Council member Kshama Sawant about the rash of Starbucks coffee locations unionizing around the country, why the Staten Island Amazon unionization effort was successful, the problem with some professional organizers, Chris Small’s Tucker Carleton appearance, the difference between DSA and Socialist […]

From Alterglobalization to Occupy Wall Street

By Blair Taylor Taylor examines how political transformations within left social movements have helped to construct a “new spirit of capitalism” that addresses widespread demand for an ethical lifeworld, simultaneously innovating and modernizing while neutralizing critique. Today ideas and practices pioneered by oppositional movements have become mainstream political […]