The Biden administration’s sanctions on Russia didn’t just tank global markets; they also helped Kamala Harris lose the election. The Democrats’ fate was sealed by a Wall Street–fueled commodity frenzy that sent gas prices and grocery bills soaring.
The report highlights how market concentration in key sectors, such as the trading of agriculture commodities, has grown since 2020, deepening the asymmetry between the profits of top multinational enterprises and declining labour share globally.
Bidenomics is a break with four decades of policy that disempowered workers. This record was obscured by Biden’s inability to explain his accomplishments. Undoing neoliberalism will take time but can happen with a revitalized labor movement.
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In persisting with its high rates policy, the Fed is acting like James Dean in the famous “chicken run” auto race in Rebel Without a Cause.
The real source of too many price hikes is concentrated market power, not macroeconomic overheating.
Women rock the world
From trade wars to border policy, Trump’s plans if he wins the presidency again are set to make the U.S. economy far worse for working people.
Those who believed inflation would be transitory were proven right, and those who demanded the sacrifice of mass unemployment proven wrong.
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