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The Globalist

George Soros after the open society.

The Market Police

In neoliberalism, state power is needed to enforce market relations, but the site of that power must be hidden from politics.

There Is Power in a Union

A new study overturns economic orthodoxy and shows that unions reduce inequality.

Hyman Minsky’s Views on the “Welfare Mess”

The intellectual father of the job guarantee movement saw it as a replacement for the social safety net.
Amazon packages on a conveyor belt.
partner

It's Time For Cities To Stop Giving Tax Breaks To Corporations

To fight back against corporate power, cities have to cooperate, not compete.

Worlds Apart

How neoliberalism shapes the global economy and limits the power of democracies.

Fighting Words

No, “liberal” and “progressive” aren’t synonyms. They have completely different histories—and the differences matter.

In the Shadows of Slavery’s Capitalism

"Masterless Men" shows how the antebellum political economy made poor southern whites into a volatile, and potentially disruptive, class.

The Uses and Abuses of 'Neoliberalism'

Does the term clarify or confuse our understanding of capitalism today?

I’m a Depression Historian. The GOP Tax Bill is Straight Out of 1929.

Republicans are again sprinting toward an economic cliff.
original

The Supply-Side Swindle

For decades, the GOP has used tax cuts to achieve its political goals. So why do Dems keep treating "supply-side" as an economic strategy?

The Small Business Myth

Small businesses enjoy an iconic status in modern capitalism, but what do they really contribute to the economy?

The Crash of ’87, From the Wall Street Players Who Lived It

An oral history of the biggest one-day stock market drop in history.
Reagan poses for a photo op after with a stack of tax cut legislation in 1981.

I Helped Create the GOP Tax Myth. Trump is Wrong: Tax Cuts Don’t Equal Growth.

The best growth in recent memory came after President Bill Clinton raised taxes in the ’90s.

Mont Pelerin in Virginia

A new book on James Buchanan and public-choice theory explores the Southern roots of the free-market right.
Confederate rally.

The Book that Explains Charlottesville

The University of Virginia has long been a bastion of white supremacy and white supremacy–validating scholarship.

A Billionaires’ Republic

A new book argues that the Constitution’s framers believed that vast concentrations of wealth were the enemy of democracy.

The Democrats Are Eisenhower Republicans

For decades, Democrats have positioned themselves as fiscally responsible while Republicans happily hand tax cuts to the rich.
James Buchanan

What Is the Far Right’s Endgame? A Society That Suppresses the Majority.

The author of a new biography of James McGill Buchanan explains how this little-known libertarian’s work is influencing modern-day politics.
Political cartoon depicting Standard Oil as an octopus.

When Did Americans Stop Being Antimonopoly?

Columbia professor Richard R. John explains the history of U.S. monopolies and why antimonopoly should not be conflated with antitrust.

How Democrats Killed Their Populist Soul

In the 1970s, a new wave of post-Watergate liberals stopped fighting monopoly power. The result is an increasingly dangerous political system.
Bank in Revere, Massachusetts.

Partisan Banking and the Emergence of Free Banking in Early 19th-Century Massachusetts

The critical role that banking played in the political struggles of early American history.

The Twin Insurgency

The postmodern state is under siege from plutocrats and criminals who unknowingly compound each other’s insidiousness.
Cover of "Empire of Necessity" featuring a painting of violence being wrought on enslaved men.

The Bleached Bones of the Dead

What the modern world owes slavery. (It’s more than back wages).
Sign saying "WHIP INFLATION NOW" with image of Uncle Sam whipping a personification of inflation

The Rise of Inflation

Understanding how inflation came to be a mainstay in modern economics.

Lincoln and Marx

The transatlantic convergence of two revolutionaries.
Trucks and cars moving on the highway

Keep on Truckin’

The road to right-wing deregulation began on our nation's highways.

The Education of David Stockman

"None of us really understands what's going on with all these numbers."
Elon Musk holds a chain saw as he shakes hands with Argentine president Javier Milei at the Conservative Political Action Conference.

The Method in the Far Right’s Madness

How today’s far right manages to combine the call for economic freedom with pseudoscience about natural hierarchies of race and IQ.
A bread line on New York's Lower East Side in 1930.

Trump Tariffs Conjure Specter of Smoot-Hawley Act, a Depression-Era Blunder

The 1930 tariff bill hurt exporters and provoked other countries to enact their own tariffs as the U.S. economy grappled with the Great Depression.

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