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Hadas Thier is an activist in New York, and the author of A People's Guide to Capitalism: An Introduction to Marxist Economics.
The next time a speculative bubble is massively inflating around a fancy new asset like cryptocurrency and financial carnival barkers are screaming it will change everything, remember Sam Bankman-Fried and how quickly all of his promises proved to be bullshit.
Driven by inflation, the prices of basic goods are spiraling out of control. The Fed’s solution of raising interest rates will hurt average workers. Rep. Jamaal Bowman is proposing a better solution: price controls.
The inflation crisis is squeezing workers. And the only way out of it that is acceptable to capitalists is to squeeze workers even harder.
For decades, capitalists have tried and mostly failed to privatize water supplies all around the world. But when they have succeeded, the result has been toxic health hazards and total disaster.
Cryptocurrencies like Bitcoin took huge nosedives this week. Unfortunately, we aren’t living through the end of crypto — but hopefully the talk of it being the money of the future that will make us all rich has been shown to be lies.
Our society is deeply invested in a rosy version of romance while offering little support for families to survive the challenges of marriage and child-rearing. We can’t survive those challenges without honest narratives about the maddening realities of love.
A left economic agenda must push back against the inflation panic to demand higher wages and increased social spending — while guarding against real inflation threats through targeted price controls and other policies that protect working people’s pockets.
New York congressman Jamaal Bowman has made a number of wrong decisions on Israel-Palestine. But socialists should criticize those errors without driving him away from the Palestine liberation movement and the Left.
It’s still difficult organizing as a socialist in the United States. But in the last decade since Occupy Wall Street, there are signs more people are open to egalitarian politics.
While millions of Americans worked remotely during the COVID pandemic, millions more either showed up to a deadly job site or were thrown into unemployment. What will the recovery be like for them?
American liberalism has long had a curious quirk: that of the liberal who is progressive on every issue except Palestine. But as the brutality of Israel’s occupation becomes impossible to ignore, that position is increasingly impossible to hold.
Yet again, both Republican and Democratic party leaders are attacking Rep. Ilhan Omar for telling the truth about American and Israeli war crimes. And yet again, Omar has nothing to apologize for.
Today’s cease-fire is a victory and a relief for Palestinians. But with Palestinians still under siege, the struggle against ethnic cleansing and occupation isn’t over. For Democrats, “progressive except Palestine” still won’t cut it.
The horrifying scenes of COVID-wracked India show that when rich countries like the US back pharmaceutical profits over lives, vaccine inequality turns into global vaccine apartheid. Joe Biden has the power to immediately end this. Release the damn vaccines.
Alexandria Ocasio Cortez’s recent comments to a pro-Israel group were defensive and confusing. But her progressive record on foreign policy and Palestine is an indication that she could play a much stronger role in standing up for Palestinian rights.
The newly passed COVID-19 relief bill will not solve every aspect of the crisis, and it won’t fundamentally reverse our massive wealth inequality. But the bill will make a substantial difference in people’s lives — and in the process create fertile terrain for the Left to organize.
Yesterday, we were treated to a telling contrast: Joe Biden bombed Syria without congressional authorization, and then refused to lift a finger when the Senate parliamentarian slapped down a minimum wage increase. It’s a pathetic reflection of Biden’s twisted priorities.
Last week’s attack on the Capitol put Alexandria Ocasio-Cortez and other left lawmakers in great danger. But instead of cowering in fear, she delivered a defiant speech on Tuesday — and laid out an alternative vision rooted in solidarity and improving the lives of millions of workers.
Donald Trump didn’t get the figure of $2,000 from nowhere. Since the start of the pandemic, monthly direct payments worth that amount have been a core demand of democratic-socialist politicians like Bernie Sanders, Rashida Tlaib, and Alexandria Ocasio-Cortez.
The lack of long-term economic aid for unemployed workers has meant that incredible amounts of suffering are everywhere in America right now. We talked to unemployed workers to hear their stories in their own words.