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Jacobin

Here Lies Hudson’s Bay Company, Murdered by Private Equity

Here Lies Hudson’s Bay Company, Murdered by Private Equity

Hudson’s Bay Company, Canada’s oldest retailer, didn’t die of natural causes — it was gutted by private equity. Stripped of assets and loaded with debt, it leaves behind job losses, endangered pensions, and a hollowed-out legacy reduced to branding rights. A Hudson's...

Trump’s Budget Includes a Giveaway to a Chilean Billionaire

Trump’s Budget Includes a Giveaway to a Chilean Billionaire

Mining was banned in northeastern Minnesota due to the irreversible damage it would do to the state’s fresh water. A last-minute provision to the Republican budget bill will allow a Chilean magnate with ties to the Trump family to mine the protected lands. Speaker of...

Mahmoud Khalil’s Case Is About the Future of Free Speech

Mahmoud Khalil’s Case Is About the Future of Free Speech

Despite some recent advances in his case against the Trump administration, Mahmoud Khalil remains confined for opposing genocide in Gaza — an imprisonment that makes a mockery of the First Amendment. A demonstration in support of Mahmoud Khalil while a hearing takes...

The Boss Is Right to Talk About Class

The Boss Is Right to Talk About Class

Bruce Springsteen recently accused the Trump administration of taking “sadistic pleasure in the pain they inflict on loyal American workers.” He rightly attacked the administration’s favorite lie: its claim that Trump represents the working class. Bruce Springsteen...

Defending Academic Freedom in The Male Animal

Defending Academic Freedom in The Male Animal

At a time when academic and political repression is sweeping the United States, the 1942 screwball comedy The Male Animal offers a reminder of what courage in the face of crackdowns on a college campus can look like. Still from The Male Animal. (Warner Bros.) It’s...

French Leaders Are Using Trump’s Trade War to Push Austerity

French Leaders Are Using Trump’s Trade War to Push Austerity

European leaders have lined up to condemn Donald Trump’s tariff plans as absurd. Yet some are also using the crisis to push their existing agendas — with France’s government stepping up pressure for sweeping budget cuts. France's prime minister Francois Bayrou speaks...

A Half-Century of Harry Braverman’s Labor and Monopoly Capital

A Half-Century of Harry Braverman’s Labor and Monopoly Capital

Harry Braverman’s arguments in his classic book Labor and Monopoly Capital presciently forecasted much of our present labor regime — and can help us move beyond it. Assembly line workers polish body panels at a Ford Motor Company assembly plant in Minnesota, March...

The Debt Economy Is Eating Everyone Alive

The Debt Economy Is Eating Everyone Alive

For people locked out of homeownership, “Buy Now, Pay Later” has become a way to finance basic expenses — with future income that may not actually materialize. The Trump administration, meanwhile, is busy protecting the lenders. US consumers are increasingly taking...

Today’s Far-Right Crankery Has Libertarian Ancestry

Like any good capitalist thinker, Austrian economist Friedrich Hayek had a Book of Genesis–esque prehistoric parable for his followers. In Hayek’s Bastards: Race, Gold, IQ, and the Capitalism of the Far Right, historian Quinn Slobodian terms this fable “the savanna...

1938 Shows a People Taking Control of Their Economy

1938 Shows a People Taking Control of Their Economy

The new Mexican film 1938 tells the story of the nation’s historic expropriation of the oil industry. Jacobin sat down with director Sergio Olhovich to talk about the long-awaited project — finally realized with the support of the AMLO administration. Still from 1938....

Friendship Is a Cringe Comedy About Ghastly Human Need

Friendship Is a Cringe Comedy About Ghastly Human Need

The excruciatingly funny Friendship finds comedian Tim Robinson pursuing a creepy bromance with Paul Rudd. It’s surprisingly well-done, using cringe humor to explore the growing phenomenon of male loneliness. Tim Robinson and Paul Rudd in Friendship. (A24) Though an...

Saskia Esken Failed to Change Germany’s Social Democrats

Saskia Esken Failed to Change Germany’s Social Democrats

German Social Democrat leader Saskia Esken was elected in 2019 promising to return the 150-year-old party to its roots. Her quest to change this establishment party was likely doomed all along — and now it’s shifting even further to the right. Saskia Esken during the...