We talk with historian Eugene McCarraher about the myths and rituals of the market, the lost radicalism of the late 19th and early 20th centuries, and the rise of neoliberalism.
"The underlying problem is in the model of production and consumerism, in the ownership of natural resources and in the unequal distribution of wealth." Today, 26 people in the world have the same wealth as 3.8 billion people.
How Investor-owned Physician Practices Are Driving up Healthcare Costs
Acclaimed Marxist sociologist Immanuel Wallerstein, author of numerous works on capitalism as a world-system, including a sterling four volume study completed in 2011, died on August 31 at the age of 88. A fulsome remembrance appears below.
HBO's Succession peeled back the layers of the all-powerful Roy family, a Murdoch-like media empire built by despicable, ruthless people, and what it showed us was more putrid and awful than we ever could have imagined.
Feel-good news stories are hard to resist. And why wouldn't they be? The rest of the news is stressing us out. Political divides are deepening. The world is getting hotter. Ending, maybe.
Worsening economic inequality in recent years is largely the result of policy choices that reflect the political influence and lobbying power of the rich. There is now a self-reinforcing pattern of high profits, low investment, and rising inequality
Is there a democratic road to socialism? And if so, what does it mean for socialists today?
The New Deal solidified capitalist democracy in the United States. The country has swung between hints of social democracy and free market absolutism ever since.
The example of Dutch colonialism in Indonesia helped Marx to show that the kind of processes that he outlined as “original accumulation”, though playing out in a particular way in Britain, were fundamentally transnational.
Spread the word