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Still from The Wire (HBO): two detectives, McNulty and Bunk.

20 Years Later, "The Wire" Is Still a Cutting Critique of American Capitalism

The Wire — both stylish and smart, follows unforgettable characters woven into a striking portrait of the depredations of capitalism in one US city.
by Helena Sheehan, Sheamus Sweeney via Jacobin on June 14, 2022
Poster with women pledging to "pay not more than top legal prices" and "accept no rationed goods without giving up ration stamps"

Politics and the Price Level

On inflation, institutions, and the governance of the price level.
by Andrew Yamakawa Elrod via Phenomenal World on May 19, 2022
Picture of former President Bill Clinton looking downtrodden.

The Disastrous Legacy of the New Democrats

Clintonites taught their party how to talk about helping people without actually doing it.
by Alex Pareene via The New Republic on May 16, 2022
Farmers harvest wheat near the village of Tbilisskaya, Russia, July 21, 2021. That nation’s farmers produce nearly a fifth of world wheat exports.

How High Energy Prices Emboldened Putin

Rupert Russell’s new book shows how the financialization of commodity prices worsens volatility and destabilizes geopolitics. It couldn’t be more timely.
by Tim Sahay via The American Prospect on March 22, 2022
BP is trying to divest its share of the Russian state-owned company Rosneft.
partner

Western Oil Companies Ditching Russia is a New Twist on a Familiar Pattern

For more than a century, Western oil companies have cycled into and out of Russia.
by Michael De Groot via Made By History on March 7, 2022
People gathered around an electronic contraption with lightbulbs.

Ideas of the PMC

A review of three new books that in various ways track the rise of the "Professional Managerial Class."
by Michael J. Kramer via Society for U.S. Intellectual History on March 6, 2022
The Central Bank of the Russian Federation.

The Modern History of Economic Sanctions

A review of “The Economic Weapon: The Rise of Sanctions as a Tool of Modern War."
by Henry Farrell via Lawfare on March 1, 2022
WWII Advertisement that highlights price controls.

Price Controls, Black Markets, And Skimpflation: The WWII Battle Against Inflation

To control inflation during WWII, the U.S. government resorted to wide-ranging price controls. Unintended consequences may be the reason they aren't used today.
by Greg Rosalsky via NPR on February 8, 2022
Artistic depiction meant to represent the global supply chain. At center is planet Earth, which has a hole in the middle. Earth is surrounded by 3 intersecting rings of various colors. The rings depict freight transport (transporting goods by rail, sea, and truck).

How We Broke the Supply Chain

Rampant outsourcing, financialization, monopolization, deregulation, and just-in-time logistics are the culprits.
by David Dayden, Rakeen Mabud via The American Prospect on January 31, 2022
Pile of US paper currency.

Austerity Policies In The United States Caused ‘Stagflation’ In The 1970s

U.S. government policies must continue to support physical and social infrastructure spending amid the continuing pandemic to avoid ‘stagflation’.
by Andrew Yamakawa Elrod via Washington Center For Equitable Growth on January 11, 2022
Drawing of Smedley Butler in front of a map background.

The Marine Who Turned Against U.S. Empire

What turned Smedley Butler into a critic of American foreign policy?
by Patrick Iber via The New Republic on January 11, 2022
Aerial view of trees in Tongass National Forest, Alaska.

This Tree has Stood Here for 500 Years. Will it be Sold for $17,500?

Old-growth trees in Alaska's Tongass National Forest are embroiled in the politics of timber and climate change.
by Juliet Eilperin via Washington Post on December 30, 2021
Statue of Stonewall Jackson, on its side in slings and propped up by tires, in front of its graffiti-covered pedestal.

What the 1619 Project Got Wrong

It erases the fact that, for the first 70 years of its existence, the US was roiled by intense, escalating conflict over slavery – a conflict only resolved by civil war.
by James Oakes via Catalyst on December 17, 2021
Three black students holding hands though the smoke during the Children's Crusade

The Authoritarian Right’s 1877 Project

As the GOP undermines Black political rights in the present, some right-wing intellectuals are rationalizing Black disenfranchisement in the past.
by Eric Levitz via Intelligencer on December 14, 2021
President Harry Truman at a podium, giving a speech at NATO's inception in 1949.

Containment Can Work Against China, Too

There are important differences between Xi Jinping’s China and the Soviet Union, but the Cold War still offers clear strategic guidance for the U.S.
by Hal Brands via The Wall Street Journal on December 3, 2021
A naval cap with Soviet and American flags beneath the Pepsi logo

The Doomed Voyage of Pepsi’s Soviet Navy

A three-decade dream of communist markets ended in the scrapyard.
by Paul Musgrave via Foreign Policy on November 27, 2021
Health care workers on strike, holding picket signs.
partner

Are We Witnessing a ‘General Strike’ in Our Own Time?

W.E.B. Du Bois defined the shift from slavery to freedom as a “general strike” — and there are parallels to today.
by Nelson Lichtenstein via Made By History on November 18, 2021
partner

What’s Missing in the Debate About Inflation

What we think we know about stifling inflation could be wrong.
by Yong Kwon via Made By History on November 16, 2021
A man walks near Wall Street Station in New York City.

Neoliberalism Died of COVID. Long Live Neoliberalism!

How the predominant ideology of our time survived the pandemic.
by Eric Levitz via Intelligencer on October 14, 2021
Women working at typewriters in an office.

How ‘Automation’ Made America Work Harder

Computers were supposed to reduce office labor. They accomplished the opposite.
by Jason Resnikoff via Zócalo Public Square on September 2, 2021
Protest signs from the 1963 March on Washington

A Federal Job Guarantee: The Unfinished Business of the Civil Rights Movement

The 1963 March on Washington put a government guarantee to a job at the front of the civil rights agenda. It’s long past time to complete the work.
by Ayanna Pressley, David Stein via The Nation on September 2, 2021
Chemical plant worker

Where Would We Be Without the New Deal?

A new history charts the forgotten ways the social politics of the Roosevelt years transformed the United States.
by Michael Kazin via The Nation on July 26, 2021
Picture of intersections

What Infrastructure Really Means

Making sense of current fights over a word we borrowed from the French long ago.
by Peter A. Shulman via The Atlantic on July 13, 2021
Picture of Richard Nixon from National Archive.

The Day That Richard Nixon Changed U.S. Economic Policy Forever

Fifty years ago, in response to rising inflation, he rejected several long-standing practices. His Keynesian turn holds lessons for today’s economy.
by Bruce Bartlett via The New Republic on July 9, 2021

The Hidden Stakes of the Infrastructure Wars

The fight over the American Jobs Plan reflects a long history of competing visions of public works—and, most of all, who should benefit from rebuilding.
by David Alff via Boston Review on June 25, 2021
Collage-style design of Milton Friedman and his work

The End of Friedmanomics

The famed economist’s theories were embraced by Beltway power brokers in both parties. Finally, a Democratic president is turning the page on a legacy of ruin.
by Zachary D. Carter via The New Republic on June 17, 2021
Auto workers on strike outside a General Motors plant in Detroit, September 1970.

When Americans Took to the Streets Over Inflation

In the 60s and 70s, spiraling prices for staples like meat and gasoline wreaked havoc on the U.S. economy, thanks to political and policy mistakes.
by Jon Hilsenrath via The Wall Street Journal on June 11, 2021
Job seekers wait to be called into the Heartland Workforce Solutions office in Omaha last summer.
partner

How Cruelty Became the Point of Our Labor and Welfare Policies

Why do so many politicians think people only work if threatened or forced into doing so?
by Gail Savage via Made By History on May 26, 2021
The plough, the loom and the anvil book drawing

In the Common Interest

How a grassroots movement of farmers laid the foundation for state intervention in the economy, challenging the slaveholding South.
by Nic Johnson, Chris Hong, Robert Manduca via Boston Review on May 18, 2021

‘One Oppressive Economy Begets Another’

Louisiana’s petroleum industry profits from exploiting historic inequalities, showing how slavery laid the groundwork for environmental racism.
by Anya Groner via The Atlantic on May 7, 2021
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