Banks Profit From High Interest Rates but Stiff Depositors
With the help of the Federal Reserve, US banks are offering loans at higher rates than the interest they pay to depositors and pocketing the difference for themselves.
Blog
Socialist Jake Ephros Is Running for Jersey City Council
Jake Ephros is hoping to add to the groundswell of municipal socialism across the US by winning a seat on city council in Jersey City, New Jersey, this November. Jacobin talked to him about his campaign.
Anglophone Liberal Socialism Meets Its Nordic Counterpart
While the Nordic countries have long proved capable of reconciling the best aspects of liberalism with socialism, the relationship in the Anglosphere has always been troubled. A new book, and recent events in the world, suggest this may be changing.
Families Aren’t the Problem — Insecurity Is
Some argue that the nuclear family is the principal obstacle to a freer, more loving society. In reality, it’s economic insecurity that traps people and universal care is what makes relationships voluntary and free.
Unlimited Political Spending Could Soon Be Legal
Republicans are bringing a case before the Supreme Court that has the potential to eviscerate what few remaining restrictions on campaign finance we have left.
Trade Unions Need to Fight Against Algorithmic Exploitation
Companies are increasingly using algorithmic management tools as a way to maximize the exploitation of workers. The power that managers gain from these tools can seem daunting, but there are opportunities that must be seized for workers to push back.
Alma Guillermoprieto Reflects on Latin America’s Arc
After decades covering Latin America's tumultuous politics, legendary journalist Alma Guillermoprieto speaks to Jacobin about chronicling life in a region where destruction comes easily, bravery is necessary, democracy is elusive, and the future is uncertain.
Trump Is Promising Corporations a Deregulatory Bonanza
Donald Trump’s Department of Justice is asking corporations to identify state laws that “burden industry.” Corporate lobbies are responding to the request with wish lists of consumer protection laws they want the administration to preempt.
Greenland’s State-Owned Sector Is Very Impressive
Greenland has one of the largest and most successful portfolios of state-owned companies in the world. This robust state sector has helped the small island nation prosper economically over the past 50 years.
Big Pharma Is About to Lose Billions on Expired Patents
Some of the biggest pharmaceutical firms in the US are nearing the end of multibillion-dollar patent windfalls as their exclusive rights to produce certain medications. The patent cliff could spark a massive wave of new drug manufacturing mergers.
Trump’s Real Architecture Agenda Is Social Submission
Donald Trump’s mandate for neoclassical federal buildings has dismayed the architecture world. It’s little more than a distraction from his real architectural agenda: selling off government properties, militarizing US cities, and building detention camps.
French Recognition of Palestine Has Been a Long Time Coming
On Monday, France joined nine other countries in recognizing Palestinian statehood. But the long delay in making this move is a litany of missed opportunities.