Tax cuts for the rich have been the glue holding the American right together for decades. But as Republican voters’ skepticism of this strategy grows, some GOP lawmakers are considering the unthinkable: proposals to raise taxes on the wealthy. President Donald Trump...
Donald Trump’s attempts to overturn the global trade regime are chaotic and uncoordinated. As economist Ha-Joon Chang tells Jacobin, Trump has failed to see that the cause of the US’s relative decline is its own domestic capitalist class. A cargo ship carrying foreign...
Zohran Mamdani’s unexpectedly popular campaign is raising the question of what a socialist might accomplish as mayor of NYC. To answer it, it’s worth looking back on the successful mayoralty of ambitious New Dealer Fiorello La Guardia. Fiorello La Guardia at his desk...
Novelist Nadine Gordimer crossed South Africa’s color line to become a staunch opponent of apartheid and supporter of the ANC. Her fiction tackled the savage inequalities of South African society that have continued beyond the end of minority rule. South African...
When Donald Trump was forced to pause most of his tariffs, the country got a basic lesson in Marxist state theory: when states push policies that threaten profits, they trigger mechanisms that discipline them back into line with capitalist interests. President Donald...
MMA used to be home to oddballs unified by a love of beating each other up inside cages. But since Donald Trump’s first presidency, the UFC has rebranded the sport as a refuge for the “anti-woke sports fan,” while breaking unions and censoring the media. President...
When Donald Trump was forced to pause most of his tariffs, the country got a basic lesson in Marxist state theory: when states push policies that threaten profits, they trigger mechanisms that discipline them back into line with capitalist interests. President Donald...
Canadian Conservatives are discussing how to emulate Elon Musk’s Department of Government Efficiency north of the border should they win the upcoming federal election — and they think they can make cuts even more quickly than the Trump administration has. Canadian...
Stellantis used the Trump administration’s tariffs as an excuse to lay off nearly 1,000 workers. Two weeks later, the automaker announced a $2.26 billion payout to its shareholders. The Stellantis Sterling Heights Assembly Plant in Sterling Heights, Michigan, on...
Canada’s climate plans are a PR front for a carbon-export economy: its oil sands are distorting the economy and derailing any hope for transition. The country’s upcoming election reveals how far leaders are from reversing course. Steam rises from the Syncrude Canada...
When my toddler’s day care started turning parents away at the door due to staffing shortages, I learned it was owned by private equity — which maximizes enrollment to squeeze profit out of childcare and now owns eight of the 11 largest US day care companies. A...
Steering the country toward another potential financial crisis, the Trump administration has moved to completely gut the federal regulatory agency tasked with reining in financial institutions. President Donald Trump in the Oval Office of the White House in...