Articles in Economics

The Age of Imperialism is Not Over—But We Can End It

Capitalist accumulation has always depended on cheap labor and resources extracted from the Global South. To end this violence we need a post-capitalist transition—otherwise, as climate breakdown accelerates, the ceaseless search for profit will drive us further into barbarism.


How Serious Is The Inflation Situation?

Current Affairs economist-in-residence Rob Larson offers a primer on rising prices and an assessment of conservative inflation panic.


Darwinism and Markets Don’t Mix

As illustrated by this model, “survival of the fittest” among corporations leads to the extinction of all.


Why Cryptocurrency Is A Giant Fraud

Speculators might make money on it, but the arguments for its usefulness fail completely.


The U.S. Has a Moral Obligation to Forgive the World’s Debts

It’s time for the banks to be the ones tightening their belts for once.


The Taxonomy of Student Debt Arguments

Justice. Harm reduction. Redistribution. Economic growth. Some cases are stronger than others.


Inside the Cryptocurrency Casino

Bitcoin and its imitators were supposed to democratize the world of money. Instead, speculators have gotten rich—and the planet is paying the price.


The Nature of Money

Calculating a poor person’s wealth is a science. For a rich person, it’s an incredibly abstract art.


How Billionaires See Themselves

Reading the dreadful memoirs of the super-rich offers an illuminating look at their delusions.


The Grift of Online Entrepreneurship

Don’t like getting underpaid for your work? Hypercapitalist Instagram meme pages can help.


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