MMT is billed by its advocates as a radical new way to understand money and debt. But it’ll take more than a few keystrokes to change the economy.
Doug Henwood edits Left Business Observer and is the host of Behind the News. His latest book is My Turn.
The Los Angeles teachers strike showed that bottom-up organizing can overcome extraordinary odds. We can do the same throughout the health and education sectors — and at Amazon.
Despite a string of encouraging strikes and labor victories, the latest numbers show that union density fell to a new low last year.
“Post-work” Marxism aims to liberate us from the coercion of wage labor. But without a program for reorganizing production, it can only return us to the tyranny of the market.
The only people who won’t benefit from Medicare for All are the insurance industry CEOs profiting off people’s pain.
Getting banks under control is a matter of politics, not individual consumer decisions.
Stories about a new age of precarity are overblown. Workers have had to deal with economic insecurity since the dawn of capitalism.
Precarity isn’t the main problem with the US labor market. It’s that wages are low, benefits are eroding, and work is often dull and sometimes dangerous.
This month, Xi Jinping was effectively made president for life. What should we make of this and Xi’s long-term ambitions for China?
Strikes are labor’s most powerful weapon. But last year they fell to nearly an all-time low.
The stock market’s panicked reaction to signs of wage growth shows just how weak the economy is — and how much it caters to the wealthy.
Wages are finally rising. But it’s only bosses who are getting the pay hikes.
A Jacobin roundtable on Trump’s first year in office.
And we’re all better off because of it.
Still don’t understand Bitcoin? We’ve got you covered.
A peek inside the world of wealth managers, offshore tax havens, and the uber-wealthy.
American corporations are rolling in enormous profits. But they still aren’t investing.
The reason our schools and bridges are decaying is clear: we’re spending next to nothing.
Yanis Varoufakis on how to build a democratic Europe in a post-Brexit landscape.
The US economy is creating a historically low level of jobs. But robots aren’t the culprit.