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America’s Trade Deficit Is Not Afraid of Donald Trump

Yanis Varoufakis Project Syndicate
If the US president-elect’s efforts to eliminate America’s trade deficit succeed, real-estate prices in Miami and Manhattan will crash, the cost of servicing government debt will skyrocket and the Dow Jones will plummet.

Knowing Fascism Requires Understanding Economic Forces

Taylor Dorrell Jacobin
Behind the confusion and debates about fascism lies a simple truth: it’s a power game driven by economic elites. Communists recognized that fascism’s form is shaped by class dynamics — an insight we shouldn’t forget.

Our Margin of Effort: Looking Back and Looking Ahead

Max Elbaum Convergence Magazine
A broad swath of the progressive movement “left it all on the field” in 2024. Some sobering lessons about progressive strength, Establishment myopia and the challenges of democratic organizing in increasingly oligarchical society.

Everyone (Sort of) Loves a Disrupter

John Feffer TomDispatch
Off-the-record, some liberals support Trump on a case-by-case basis. In normal times, finding overlapping interests with your political adversaries makes sense. But let’s be clear: Trump will not be playing by the rules of normal politics.