Year after year, funds actively managed by professional analysts fail to outperform passive index funds. So how are professional stock pickers still a thing? And how long before their clock runs out?
Donald Trump has explicitly tied his campaign to slash federal jobs to draining “the swamp” of Washington, DC. But the impact of these cuts to the federal workforce will reach far beyond the DC area.
Donald Trump’s trade war means that we’re entering a qualitatively new phase in the history of capitalism. Yet the new economic order taking shape will be just as “globalist” as the neoliberal regime it’s supplanting.
Throughout Europe, states have spent decades running down the structures of public investment and planning that once made housing accessible for working-class people. A recharged model of public housing is essential to address the resulting crisis.
Yesterday Donald Trump announced sweeping tariffs on all of America’s trading partners, with the explicit aim of “liberating” the US from unfair trade. Not only are these efforts confused, they will lock America in a cycle of stagnation and inflation.
Elon Musk resorted to promising voters $1 million checks and other unheard-of acts of brazen election buying to swing a state supreme court race. It seems to have been a bridge too far for voters.
Nonprofit hospital chains are buying up billions of dollars’ worth of real estate across the US, dodging property taxes using their charity status.
The labor theory of value is one of Marxism’s most contested ideas. Both critics and supporters of socialism have labeled it inconsistent and outdated. In an interview with Jacobin, economist Duncan Foley offers a full-throated defense.
New data show that Canada’s inequality crisis is driven by both billionaire wealth and runaway housing costs. Without a meaningful fix, both democracy and economic growth will be distorted by entrenched interests.
There’s no forging a durable working-class progressive coalition without winning back the blue-collar working class.
Hungarian premier Viktor Orbán has invited Benjamin Netanyahu to Budapest, in defiance of the International Criminal Court arrest warrant. Their embrace shows how Europe’s far right increasingly identifies with Israel.
Tomás Gutiérrez Alea brought the experience of postrevolutionary Cuba to the screen in classic movies like Memories of Underdevelopment and Strawberry and Chocolate. Alea’s committed, artistically dazzling work set a benchmark for political cinema.
The memoirs of the Central African revolutionary Andrée Blouin tell the story of a woman who witnessed firsthand the ecstatic highs and tragic lows of Africa’s struggle for independence.