The social breakdown, symbolized by Trump's election and the malign effects of austerity policies serve to destroy faith in neoliberal capitalism. When that faith started to fray, new forms of outsider populist politics emerged left and right.
Corporate debt among non-banks exploded to $75 trillion at the end of 2019, up from $48 trillion at the end of 2009. There is increasing alarm that companies in the energy, hospitality and auto sectors won't be able to make their bond payments.
The Cold War ended 30 years ago, but its cultural structures and divisions endure – perhaps, even, in the responses of some Americans to Bernie Sanders’ socialism.
Sen. Bernie Sanders isn’t talking about making America into Cuba or Venezuela. He’s talking about extending social guarantees like those offered in other advanced countries, such as Denmark and Sweden.
The great abolitionist and former slave Frederick Douglass died 125 years ago. Today, Jacobin publishes never-before-transcribed articles from Frederick Douglass’ Paper denouncing capitalism and economic inequality.
A deep read into the history of the classically liberal Economist, the book under review shows a magazine fronting for empire building, militarism and the triumph of finance capital.
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