Activity

Keynes’s second anxiety was that scarce capital produces a class of rentiers who invest in ownership rather than productivity. McDonnell uses this insight to argue for rent controls and tenants’ rights to dramatically alter the balance of power in housing; he seeks limits on the debt that credit ca…

[...] Keynes then underscored the lack of democratic oversight of the future, as capitalists’ investment decisions instead shaped the world and led to the disastrous inequalities and wars of his age. Problems including underconsumption had their root in the uneven distribution of wealth and power s…

According to Marx’s Capital, states secure the reproduction of capital writ large by sometimes setting themselves against individual bosses, who in their pursuit of accumulation and short-term returns fail to safeguard durable prosperity

In Korea, however, America avoided defeat. The peninsula was first divided up in a panic at the end of World War II. Japan lost Korea, along with all of its other colonies, after its defeat at the hands of the Allies. Two days after the US dropped a nuclear weapon on Hiroshima, the Soviet Union dec…

an ebullient Trump