Leland Stanford, oil painting by French artist Ernest Meissonier, 1881. Courtesy of Wikimedia Commons.

Was Leland Stanford a ‘Magnanimous’ Philanthropist or a ‘Thief, Liar, and Bigot?’

The railroad baron and governor of California was starkly contradictory and infamously disruptive.

How Silicon Valley Broke the Economy

The question of how to fix the tech industry is now inseparable from the question of how to fix late 20th century capitalism.

America’s Formerly Redlined Neighborhoods Have Changed. So Must Solutions to Rectify Them

Are New Deal-era redlining maps still the best available tools for understanding the racial wealth gap?
Alan Greenspan holding his right hand up to speak under oath, with an eagle seal on the wall behind him.

When Alan Met Ayn: "Atlas Shrugged" and Our Tanked Economy

We owe at least part of the 2008 financial crisis to Ayn Rand's philosophy of objectivism.

Docking Stations

A conversation with historian Peter Cole about his recent book, Dockworker Power.

Building America

The making of the black working class.

Marijuana Reform Should Focus On Inequality

When regulators dictate who grows a cash crop, they can spread the wealth—or help the rich get richer.
Political cartoon depicting stock exchange fraud.

Has Capitalism Become Our Religion?

On the myths and rituals of the market, the lost radicalism of the late 19th and early 20th centuries, and the rise of neoliberalism.

On One of the Great Unsung Heroes of the American Labor Movement

Emma Tenayuca and the San Antonio Pecan Shellers Strike of 1938.
UAW members during a sit-down strike in 1937

Remembering the First Clash Between UAW and GM

The GM strike recalls the Flint sit-down strikes of 1936-7: a profit-hungry corporation, a fed-up workforce, and workers' willingness to take militant action.

The Failed Political Promise of Silicon Valley

Tech was meant to help us transcend our most intractable problems. What went wrong?
Hahnemann University Hospital in Philadelphia
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How the Rise of Urban Nonprofits Has Exacerbated Poverty

While "meds and eds" have powered urban economies, they haven't been the gateway out of poverty that many hoped.

Andrew Yang and the Failson Mystique

America has already witnessed the largest UBI experiment known to history — the postwar middle-class housewife. And she was utterly miserable.

Joe Biden Pushed Ronald Reagan to Ramp Up Incarceration – Not the Other Way Around

Biden convinced small-government Republicans to increase spending in the War on Crime.
Flint, Michigan sit-down strike.

The 1936 Sit-Down Strike That Shook the Auto Industry

Over 136,000 GM workers participated in the strike in Flint, Michigan that became known as 'the strike heard round the world.'
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How Gentrification Caused America’s Cities to Burn

Yuppies attract cafes and amenities to gentrifying neighborhoods. They also spark rising rents — and even violence.

How Google Discovered the Value of Surveillance

In 2002, still reeling from the dot-com crash, Google realized they’d been harvesting a very valuable raw material — your behavior.

White Americans' Hold on Wealth Is Old, Deep, and Nearly Unshakeable

White families quickly recuperated financial losses after the Civil War, then created a Jim Crow credit system.
Prison cells

The Economic Origins of Mass Incarceration

Everything you knew about mass incarceration is wrong.

Reviving the General Strike

Organizers seeking to spark far-reaching work stoppages in the United States can invoke a powerful fact: It has happened before.

How Slavery Shaped American Capitalism

The New York Times is right that slavery made a major contribution to capitalist development in the United States — just not in the way they imagine.

The Rich Can't Get Richer Forever, Can They?

Inequality comes in waves. The question is when this one will break.

State of the Unions

What happened to America’s labor movement?

"Poor Whites Have Been Written out of History for a Very Political Reason"

For generations, Southern white elites have been terrified of poor whites and black workers joining hands.
Milton Friedman.

Milton Friedman Was Wrong

The famed economist’s “shareholder theory” provides corporations with too much room to violate consumers’ rights and trust.

Bitcoin Dreams

The pitfalls and the potential of cryptocurrency are explored in three recent publications.

The Boycott’s Abolitionist Roots

How a group of 19th-century Quakers cut their economic ties to slavery.

The Great Land Robbery

The shameful story of how 1 million black families have been ripped from their farms.
Sketches of soldiers on the cover of "Bodies In Blue."

Civil War Disability in the Light and the Dark

Beyond the "casualty numbers and bloodshed," a new history takes into account the "social and structural issues" of disability among soldiers and veterans.

The Credo Company

A shocking story about the biggest company in the US's most profitable industry.