Articles in Economics

The IMF’s Bottomless Bottom-Line Cruelty

How the IMF & the World Bank—in the name of progress—succeed in keeping poor countries poor.


How the State Created Fast Food

Because of consistent government intervention in the industry, we might call fast food the quintessential cuisine of global capitalism.


Of Towers and Toilets: A Tale of Two Developments

Developments in Florida and Illinois show how land is valued only as capital. What if we thought of land use differently?


Who Actually Owns Corporations, Anyway?

It’s time to clear up one of the most enduring—and insidious—neoliberal myths about corporations. Shareholders don’t own corporations. Corporations are unowned sovereign entities, just like people. And that should terrify us.


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.


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