Modern Monetary Theory Isn’t Helping
MMT is billed by its advocates as a radical new way to understand money and debt. But it’ll take more than a few keystrokes to change the economy.
Articles by: Doug Henwood
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Doug Henwood edits Left Business Observer and is the host of Behind the News. His latest book is My Turn.
Unions Still Haven’t Rebounded
Despite a string of encouraging strikes and labor victories, the latest numbers show that union density fell to a new low last year.
The Move Your Money Hustle
Getting banks under control is a matter of politics, not individual consumer decisions.
The Gig Economy Fantasy
Stories about a new age of precarity are overblown. Workers have had to deal with economic insecurity since the dawn of capitalism.
No, It’s Not a Gig Economy
Precarity isn’t the main problem with the US labor market. It’s that wages are low, benefits are eroding, and work is often dull and sometimes dangerous.
The Disappearing Strike
Strikes are labor's most powerful weapon. But last year they fell to nearly an all-time low.
About That Stock Panic
The stock market's panicked reaction to signs of wage growth shows just how weak the economy is — and how much it caters to the wealthy.
The Boss Recovery
Wages are finally rising. But it's only bosses who are getting the pay hikes.
Trump After One
A Jacobin roundtable on Trump's first year in office.
Unions Held Their Own in 2017
And we're all better off because of it.
What’s Behind Bitcoin Mania?
Still don't understand Bitcoin? We've got you covered.
The Profit Hoarders
American corporations are rolling in enormous profits. But they still aren't investing.
Why the United States Is Falling Apart
The reason our schools and bridges are decaying is clear: we're spending next to nothing.
The Jobless Economy
The US economy is creating a historically low level of jobs. But robots aren't the culprit.
The Basement Dweller
The closer you examine Donald Trump's approval ratings, the more abysmal they look.
The Confusion Candidate
The Democrats' central weakness comes from being a party of business but having to pretend otherwise.
From Margins to Mainstream
The making of the modern Republican Party.
The New Republicans
The Democratic Party establishment has given up on the policies that would attract disaffected workers.
The Post-Hope Democrats
The latest attacks on Bernie Sanders reveal that the Democratic Party is intent on driving down expectations.