Paul Volcker, who died yesterday, won't be mourned by this publication. As Federal Reserve chair under Reagan and Carter, he destroyed millions of working-class jobs and pushed a radical neoliberal program.
Doug Henwood edits Left Business Observer and is the host of Behind the News. His latest book is My Turn.
On November 30, 1999, activists shut down the World Trade Organization meetings in Seattle. The protests were a thrilling moment during bleak times for the socialist left. Now, years of resistance are finally paying off.
Is Elizabeth Warren’s Medicare-for-All phase-in plan a shrewd, realistic tactical move to win a public health system — or a bait and switch to play to M4A’s popularity without actually fighting for it? Wall Street thinks it’s the latter.
We should be clear about what it will take to fund a decent welfare state: not just soaking the rich, but raising taxes across the board — so everyone can have the basics for the good life.
A glance at the company's recently released prospectus reveals the truth about Uber: it’s a scam.
Elizabeth Warren is no socialist — but unlike most of the candidates beating her in the polls, she’s a tough-minded liberal who makes the right kind of enemies.
MMT is billed by its advocates as a radical new way to understand money and debt. But it’ll take more than a few keystrokes to change the economy.
Despite a string of encouraging strikes and labor victories, the latest numbers show that union density fell to a new low last year.
Getting banks under control is a matter of politics, not individual consumer decisions.
Stories about a new age of precarity are overblown. Workers have had to deal with economic insecurity since the dawn of capitalism.
Precarity isn’t the main problem with the US labor market. It’s that wages are low, benefits are eroding, and work is often dull and sometimes dangerous.
Strikes are labor's most powerful weapon. But last year they fell to nearly an all-time low.
The stock market's panicked reaction to signs of wage growth shows just how weak the economy is — and how much it caters to the wealthy.
Wages are finally rising. But it's only bosses who are getting the pay hikes.
A Jacobin roundtable on Trump's first year in office.
And we're all better off because of it.
Still don't understand Bitcoin? We've got you covered.
American corporations are rolling in enormous profits. But they still aren't investing.
The reason our schools and bridges are decaying is clear: we're spending next to nothing.
The US economy is creating a historically low level of jobs. But robots aren't the culprit.