Today’s capitalism may have increased the power of managers relative to owners of capital. But this shift doesn’t mean a friendlier ruling class — if we want a better world, it’s still up to the working class to make it.
Nicole Aschoff is on the editorial board at Jacobin. She is the author of The Smartphone Society: Technology, Power, and Resistance in the New Gilded Age and The New Prophets of Capital.
From the Wolf of Wall Street in New York to Jho Low in Malaysia, globalization unleashed a world of well-connected and superrich con artists.
McKinsey consultants have packaged capitalism for decades, offering a glimpse into the moral compass of the ruling class.
As president, Donald Trump launched broadsides against the liberal international order. Will Joe Biden be able to put America “back at the head of the table” once in office?
The United States is not a failed state — just ask any American capitalist. But we desperately need something better for everyone else.
Against all odds, for ten years Jacobin has survived, and thrived, as a forum for critique and debate, as a resource for people trying to make sense of the world around them. But we’ve only been able to do it with your help.
We talk to two public health experts about America’s COVID-19 response and how poor households have borne a disproportionate share of the pandemic’s hardship. We need to urgently fight for a more just society.
It is incredibly important to protect free speech and, by extension, the internet as a space to cultivate and share ideas and viewpoints that may fall outside the mainstream. That means curbing the power of billionaires like Mark Zuckerberg.
This pandemic has the potential to erase much of the progress women have achieved over the past forty years. The solution is simple: labor organizing and struggling for jobs and fair pay.
The 2008 bailout was a giant giveaway to corporate America. 2020 is more of the same.
Elites have the money and resources to hide in their homes and ride out the coronavirus pandemic till kingdom come. The rest of us will need a better plan.
Before smartphones, police violence went mostly unseen — but far more violent interactions are never captured on film. The problem of racist policing won’t be solved by more visibility.
Social media platforms have become a central element of modern political life — too important to allow them to be run according to the whims of either an unbalanced president like Donald Trump or a few tech billionaires like Facebook’s Mark Zuckerberg.
Making cities more resilient against coronavirus pandemics will require taking on the landlords, real estate developers, and elected officials who prop them up. We need safe, affordable housing.
The coronavirus has scattered the pieces on the geopolitical chessboard, revealing the fragility of just-in-time global production. Getting back to normal is the last thing we need.
We should use digital technology to fight the coronavirus and keep people safe. But that doesn’t mean we should accept ruling elites or private companies wantonly trampling on our civil liberties.
Companies like Shake Shack, Ruth’s Hospitality Group, the Los Angeles Lakers, and J. Alexander’s Holdings drew from the Paycheck Protection Program established to aid small businesses in paying their employees. While average workers have suffered under the pandemic, these huge corporations have helped themselves to enormous amounts of cash.
People are losing everything — their jobs, their homes, their health care, their savings. Democratic socialists must articulate the pain and uncertainty ordinary people are experiencing during this crisis or the Right will fill the void.
The G20 has announced it will allow 76 poor countries additional time to pay back their loans. But it’s not an act of benevolence — it’s a desperate maneuver to maintain the global debt peonage that undergirds neoliberal capitalism.
The suffering of women during the coronavirus pandemic illuminates where feminists need to push harder. Medicare for All, free higher education and a living wage, and a housing and job guarantee would go far in giving women the autonomy necessary to protect themselves and their children.