Modern Monetary Theory Isn’t Helping
MMT is billed by its advocates as a radical new way to understand money and debt. But it’ll take more than a few keystrokes to change the economy.
97 Article(s) by: Doug Henwood
Doug Henwood edits Left Business Observer and is the host of Behind the News. His latest book is My Turn.
“There Are So Many Things That We Can Learn From This Strike”
The Los Angeles teachers strike showed that bottom-up organizing can overcome extraordinary odds. We can do the same throughout the health and education sectors — and at Amazon.
Unions Still Haven’t Rebounded
Despite a string of encouraging strikes and labor victories, the latest numbers show that union density fell to a new low last year.
Laboring Under an Illusion
“Post-work” Marxism aims to liberate us from the coercion of wage labor. But without a program for reorganizing production, it can only return us to the tyranny of the market.
Medicare Will Be Good for Everyone — Except CEOs
The only people who won’t benefit from Medicare for All are the insurance industry CEOs profiting off people’s pain.
The Move Your Money Hustle
Getting banks under control is a matter of politics, not individual consumer decisions.
The Gig Economy Fantasy
Stories about a new age of precarity are overblown. Workers have had to deal with economic insecurity since the dawn of capitalism.
No, It’s Not a Gig Economy
Precarity isn’t the main problem with the US labor market. It’s that wages are low, benefits are eroding, and work is often dull and sometimes dangerous.
China’s One-Man Show
This month, Xi Jinping was effectively made president for life. What should we make of this and Xi’s long-term ambitions for China?
The Disappearing Strike
Strikes are labor’s most powerful weapon. But last year they fell to nearly an all-time low.
About That Stock Panic
The stock market’s panicked reaction to signs of wage growth shows just how weak the economy is — and how much it caters to the wealthy.
The Boss Recovery
Wages are finally rising. But it’s only bosses who are getting the pay hikes.
Trump After One
A Jacobin roundtable on Trump’s first year in office.
Unions Held Their Own in 2017
And we’re all better off because of it.
What’s Behind Bitcoin Mania?
Still don’t understand Bitcoin? We’ve got you covered.
How the Rich Stay Rich
A peek inside the world of wealth managers, offshore tax havens, and the uber-wealthy.
The Profit Hoarders
American corporations are rolling in enormous profits. But they still aren’t investing.
Why the United States Is Falling Apart
The reason our schools and bridges are decaying is clear: we’re spending next to nothing.
The European Choice
Yanis Varoufakis on how to build a democratic Europe in a post-Brexit landscape.
The Jobless Economy
The US economy is creating a historically low level of jobs. But robots aren’t the culprit.