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The Economist Who Solved the Free-Rider Problem

Defenders of capitalism argue that cooperation is undermined by individuals’ tendency to take more from society than they contribute. The economist Elinor Ostrom refuted this idea, but without identifying capitalism as the real cause of exploitation.

Serbia’s Protests, From Blockades to the Ballot

A deadly station roof-canopy collapse in Novi Sad, Serbia, last fall sparked months of protests. Blockades and rallies have mobilized masses of people — but the difficulty forcing institutional change has made some activists look to the electoral arena.

The Boss Is Right to Talk About Class

Bruce Springsteen recently accused the Trump administration of taking “sadistic pleasure in the pain they inflict on loyal American workers.” He rightly attacked the administration’s favorite lie: its claim that Trump represents the working class.

Today’s Far-Right Crankery Has Libertarian Ancestry

The virulent nationalism and racism of the contemporary far right are typically seen as having little in common with figures like Friedrich Hayek. But the far right’s pseudoscientific defenses of hierarchy have roots in Hayek and his acolytes’ thought.

The Debt Economy Is Eating Everyone Alive

For people locked out of homeownership, “Buy Now, Pay Later” has become a way to finance basic expenses — with future income that may not actually materialize. The Trump administration, meanwhile, is busy protecting the lenders.