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News
An Empire of Yield
3+ day, 18+ hour ago (220+ words) Jacobin It is scarcely possible to explain the convulsions of the twenty-first century without accounting for the pivotal role of the global dollar system. The financial crisis, the emergence of a new global monied elite, and the rise of China…...
The Return of Industrial Policy
2+ week, 4+ day ago (1722+ words) Get an introductory Jacobin subscription for just $20 Industrial policy is back in vogue in recent years — but without the working-class power to discipline capital, it’s just public money flowing to private profit. Advanced capitalist countries have recently rediscovered the role…...
How China Picks Its Winners and Losers
3+ week, 2+ day ago (151+ words) Get an introductory Jacobin subscription for just $20 China’s university entrance exam is one of the most competitive in the world — a reflection of the cutthroat reality of the country’s labor market. High school seniors study during night self-study sessions as…...
Immanuel Wallerstein Predicted the Fall of the US Empire
3+ week, 3+ day ago (1434+ words) Get an introductory Jacobin subscription for just $20 Soon after 9/11, world-systems theorist Immanuel Wallerstein warned that US imperial decline was inevitable. But US leaders didn’t want to hear that their glory days were in the past, and they’ve managed that decline…...