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July 18, 2024

Analysis

Mansfield is Open for Business

Market rule and Keir Starmer’s Labour Party

In 2017, the town of Mansfield pointed the way for the Conservative Party. The Conservative candidate defeated a longstanding Labour incumbent who had tried, among other things, to sue the Mansfield Town FC supporters’ association. Amid the density of local…

July 4, 2024

Analysis

The View From Nairobi-Washington

Debt, austerity, and Kenya’s global positioning

On June 25, crowning a dramatic, nationwide tax revolt, demonstrators in Nairobi stormed Kenya’s parliament buildings. President William Ruto’s new finance bill, introduced in Parliament in May, sought to increase levies on everything from bread and money transfers to sanitary…

May 17, 2024

Analysis

Great Green Wall

Cat and mouse games are afoot

Biden’s announcement this week to sharply raise tariffs on Chinese imports is an escalation in the yearslong tariff war on China. The new tariffs specifically target green goods, most notably electric vehicles, duties on which have now quadrupled to 100…

May 16, 2024

Interviews

The Techno-Patrimonial Welfare State

An interview with Yamini Aiyar on the BJP’s “new welfarism” in India

The success of the Bharatiya Janata Party (BJP) over the last decade of Indian politics, and its frontrunner status in this year’s parliamentary elections, has often been attributed to its welfare policies. The rise of Direct Benefit Transfers (DBT)—whereby beneficiaries…

May 9, 2024

Analysis

Supply-Side Healthcare?

The politics of hospital care and construction

In 2019, Florida Governor Ron DeSantis signed a bill into law that deregulated new hospital construction and unleashed a “hospital-building boom.” Some 65 new hospitals were planned in the three years after DeSantis signed the bill ending decades-old regulations on…

May 2, 2024

Analysis

The Iron Farm Bill

Agricultural policy coalitions in the age of climate crisis

Agriculture directly accounts for 10 percent of US greenhouse gas emissions. These emissions, which do not include onsite fossil-fuel use, come from soil and manure management and the digestive processes of ruminants, mostly cattle. Worse, there is a substantial “carbon…

April 25, 2024

Analysis

Illiberal Developmentalism

Indonesia under Prabowo

The election of Prabowo Subianto to the Indonesian presidency two months ago has been warmly welcomed by business and political elites in the country. The day following the result, the Jakarta composite index rose by 1.3 percent, a tacit sign…

April 25, 2024

Interviews

A Progressive Tax Reform?

An interview with José Antonio Ocampo, Colombia’s former Minister of Finance

In 2022, Gustavo Petro, Colombia’s first left-wing president of the twenty-first century, emerged victorious alongside a coalition of liberal ministers experienced in the public sector and academia. One key figure in this coalition was José Antonio Ocampo, an academic with…

April 17, 2024

Analysis

New World Order?

Lender(s) of last resort, dollar dominance, and the global financial safety net

We live in a dysfunctional system in which money flows out of the countries that need it most and into the coffers of the wealthiest. In 2023, the private sector collected $68 billion more in interest and principal repayments than…

April 5, 2024

Analysis

Inflation as Distributive Struggle

Milei’s relationship with the unions will determine the fate of his government

On January 24, 2024, Argentina’s General Confederation of Labor (CGT) called for a twelve-hour general strike—the first in almost five years—just forty-five days into President Javier Milei’s term. This action was a direct response to the first measures proposed by…

March 28, 2024

Analysis

The First New Deal

Planning, market coordination, and the National Industrial Recovery Act of 1933

The National Industrial Recovery Act is commonly counterposed to antitrust. But at the time, the antitrust camp had little truck with the self-coordinating market ideal. Resistance to public price coordination experiments, meanwhile, particularly among conservative jurists, was also not based…

March 21, 2024

Analysis

Offshore Treasure

ExxonMobil, Venezuela, and the battle for Guyana’s oil

Since the discovery of some of the world’s largest oil reserves in 2015, Guyana has entered a period of economic and geostrategic reconfiguration. According to the Energy Information Administration (EIA), Guyana holds the sixth-largest oil reserves in the Americas and…

March 21, 2024

Analysis

100 Days of Milei

Argentina under the “chainsaw”

Javier Milei’s election to the Argentine presidency in November sent shockwaves throughout the country. While the media personality was not altogether an outsider, his party La Libertad Avanza (LLA), formed in 2021, fundamentally lacked political experience. Until Milei’s inauguration in…

March 14, 2024

Analysis

Liberal Blindspots

An interview with Chris Shaw

Protests led by farmers have been roiling Europe for months. In Belgium, Germany, Romania, the Netherlands, Poland, and France, farmers—armed with grievances ranging from subsidized Ukrainian grain imports to the EU-Mercosur trade deal and falling prices—have been taking to the…

February 29, 2024

Analysis

Total Peace?

Gustavo Petro’s government negotiates with the ELN

Gustavo Petro’s presidency marks a turning point in Colombia’s democratic history. Not only is Petro the first leftist in government, but he has also made achieving peace a central objective of his progressive agenda. The Colombian armed conflict has been…

February 24, 2024

Analysis

The G20 in the South

The Brazilian Presidency in 2024

In December 2023, Brazil began presiding over the G20. The one-year presidency, which will culminate in the annual summit being hosted in Rio de Janeiro in November 2024, is the third of four terms from the global South—following Indonesia in…

February 15, 2024

Analysis

Red Sea Rivalries

Egypt, Ethiopia, and histories of maritime war

Every few years, a crisis in the Red Sea makes global headlines. In 2014, the Yemeni Civil War spilled into the Red Sea after the Houthis captured the capital Sana‘a and dissolved the parliament. As a warning, the Houthis allegedly…

February 10, 2024

Interviews

Milei and the World

An interview with Maia Colodenco on Argentina’s foreign policy

It didn’t take long for the new President of Argentina, Javier Milei, to don gloves in the international arena and showcase his libertarian approach to foreign policy. Some political gestures have already stirred conflicts with Brazil and China—the country’s two…

January 25, 2024

Interviews

Brand New India

An interview with Ravinder Kaur on the BJP’s “India Shining” campaign, Hindu nationalist designs, and globalist visions

With India headed to elections this April, the ruling BJP is rolling out enormous publicity campaigns to promote its record on economic growth and Hindu nationalism. Central to Prime Minister Narendra Modi’s third bid for reelection is the narrative that…

January 17, 2024

Analysis

Miracle in Reverse

The trials of South Korea’s growth models

The South Korean economy has widely been recognized as the paragon of the East Asian miracle, with rapid economic growth and a fairly equal income distribution. The country continued its upward growth trajectory even in the aftermath of the 1997…

January 4, 2024

Reviews

The Logic of Austerity

On Clara Mattei’s “The Capital Order”

In the aftermath of 2008, the pace at which capitalist states moved from bailouts and stimulus policies to fiscal belt tightening was jarring. No less striking was the shift in the intellectual framework deployed to make sense of it. While …

December 21, 2023

Analysis

A Year in Crises

Trade, war, labor, and South-North dynamics in 2023

When we launched The Polycrisis a year ago, we set out to examine the intersecting crises in the economy, energy system, commodities markets, geopolitics, and climate. Our aim was to break intellectual and political silos to give a fuller picture…

December 15, 2023

Analysis

Constitutional Odysseys

In the upcoming vote, a battle over Chile’s identity

On September 11, 1980—seven years after Augusto Pinochet seized power from democratically elected Salvador Allende in a brutal American-backed military coup—the dictatorship passed a constitution that laid the groundwork for one of the world’s earliest and most enduring neoliberal experiments.…

December 13, 2023

Interviews

Milei’s Argentina

An interview with Mercedes D’Alessandro

On December 10, the fortieth anniversary of Argentina’s redemocratization, Javier Milei was sworn in as the country’s new president. Milei—a far-right economist who calls himself an “anarcho-capitalist,” denies the existence of the military dictatorship, and claims to be a fan…

November 18, 2023

Interviews

Rules of Restraint

Fiscal politics in Brazil, Germany, and the European Union

The majority of countries in the world have some sort of fiscal rule: an institutional constraint on fiscal policies to discourage government overspending and reduce political influence on state expenditure. But these rules have their own politics. As Clara Zanon…

November 9, 2023

Analysis

October War

An interview with Guy Laron on the Gaza War, failure of the Netanyahu doctrine, and risks of Middle east conflagration

It is now over a month since Hamas launched its attack on Israel, killing an estimated 1,400 Israelis and taking more than 200 people hostage. Israel’s response has, in Netanyahu’s words, sought to “crush and destroy” Hamas, but the main…

October 28, 2023

Analysis

The Dollarization Threat

Javier Milei and Argentina’s pivotal election

The results of Argentina’s first-round elections on October 22 were not to be expected. Conservative former security minister and election favorite Patricia Bullrich came in third place, knocking her out of the running for the presidency, which will be decided…

October 25, 2023

Analysis

A Second Twenty Years’ Crisis?

Revisiting E.H. Carr one hundred years on

E.H. Carr’s The Twenty Years’ Crisis (1939), has a well-deserved reputation as a classic text that helped launch the academic discipline of International Relations (IR). Not only did Carr identify and dissect what would emerge as the two leading schools…

October 21, 2023

Analysis

Democratic Preconditions

Post-Communism and Poland’s recent elections

Poland’s parliamentary elections last Sunday have led to victory for Donald Tusk and his party, Koalicja Obywatelska (Civic Coalition). Although the ruling Prawo i Sprawiedliwość (Right and Justice, or PiS) Party received the largest share of the vote, 35.4 percent,…

October 17, 2023

Analysis

The Oil Revolution

The myths and realities of the oil price shock of 1973

The abrupt quadrupling of the oil price in the final months of 1973 is widely held to have marshalled the end of “a golden age of world capitalism.” Eric Hobsbawm’s standard-setting interpretation defines 1973 as the turning point when the…

October 14, 2023

Analysis

The Renters’ Constituency

The politics of homeownership in Australia

In developed economies around the world, housing has been transformed into a major asset. It is no coincidence that rates of homeownership have precipitously increased at the same time as governments in formerly social-democratic countries have reduced basic social safety nets.…

October 12, 2023

Analysis

Hot Labor

Labor movements, labor markets, and mining

The energy transition is underway and the global North is putting up the cash. In our series, we have investigated questions about the international hierarchy of money, the distribution of economic power, and trade wars. Today, we turn to labor,…

October 5, 2023

Analysis

The Politics of Fiscal Restraint

Three decades of rule-based fiscal policy in Brazil

The adoption of fiscal rules has emerged as a global trend over the past four decades. While institutional constraints to fiscal policy were uncommon before the 1990s, recent data indicates that they have since been put in force in more…

September 30, 2023

Interviews

Marketing War

An interview with Magdi el Gizouli

Sudan’s ongoing war between two military formations—the Sudanese Armed Forces and the Rapid Support Forces—has killed thousands and displaced millions. The current crisis follows years of political upheaval across the country. In late 2018, mass protests calling for democratic rule…

September 12, 2023

Analysis

Labor’s Green Capital

Pension funds, asset managers, and solar energy

Global investment in solar energy has skyrocketed in recent decades: from 1 TWh of solar power in 2000 to 1,284 TWh in 2022. The trend is likely to be magnified in the United States by the Inflation Reduction Act (IRA),…

September 7, 2023

Analysis

The IRA and Public Schools

Green investment for school infrastructure

Public school buildings in the United States are crumbling. National school infrastructure received a D+ rating from the American Society of Civil Engineers in 2021, and in serious cases, learning environments have become toxic. Given the segregated and unequal nature…

August 31, 2023

Analysis

Grievance and Reform

Will the BRICS bargaining chip bear fruit for smaller and lower-income countries?

The precursor of 2022’s energy crisis was 2020–2021’s vaccine apartheid. These shortages were in no way natural but reflected financial and geopolitical hierarchies: those with more power and resources bid up prices and developing countries lost out in the process.…

August 23, 2023

Analysis

Coercion and Inequality

The distributional effects of sanctions in Iran

“Plumbing” is an oft-used metaphor for understanding how sanctions work. Sanctions are intended to stop the flow of money to the targeted government; reserves are frozen, trade is blocked, export revenues dry up, and government budgets are drained. Even the…

August 17, 2023

Analysis

Hockey Sticks and Crosses

Images that define the globalization debate

Images that define the globalization debate

August 10, 2023

Analysis

Elusive Boundaries

The politics of public-private relations in Brazilian water provision

In April 2021, private investors gathered at B3, Brazil’s stock exchange, to bid for water concessions in Rio de Janeiro. The former capital city and its surrounding municipalities had been divided into four “concession blocks,” all of which were up…

July 27, 2023

Reviews

Constructing “Social Europe”

Alternative visions for European cooperation

Accounts on the rise of neoliberalism commonly emphasize the exhaustion of post-war systems of embedded liberalism during the economic crises of the 1970s and the parallel internationalization of economic activity. In Europe, this latter process is especially, and controversially, associated…

July 20, 2023

Analysis

Washington-Paris-London Calling

Modi, Mottley, Zelenskyy’s attempts to change the existing world order

On June 22, three leaders of developing countries made expeditions to three different Western capitals to plead their case for greater support from the rich world. Viewed jointly, these demands—largely successful—provide a neat panorama of the escalating global crises of…

July 8, 2023

Analysis

Solar Ambitions

Can Spain become a leading producer of renewable energy?

In Spain’s forthcoming snap elections, the energy transition is high on the agenda, and solar power at the forefront. Prime Minister Pedro Sanchez has often expressed ambitions to make Spain the lead producer of solar electricity on the continent, positioning…

May 31, 2023

Analysis

Industrial Transformations

Lessons from development economics for industrial policy design

The latest US experiment with industrial policy—exemplified by the Inflation Reduction Act, the CHIPS and Science Act, and the Infrastructure Investment and Jobs Act—has sparked outright opposition and pleas for restraint, but also calls for a far more ambitious action.

May 20, 2023

Analysis

Green Industrial Strategy

The scale and scope of Biden’s landmark climate investments

The Inflation Reduction Act is the most significant piece of climate legislation in US history. Alongside its three other major legislative achievements, the Biden administration has passed between $500 billion and $1.2 trillion worth of new climate spending, depending on…

April 19, 2023

Analysis

Testing Loyalties

A year later, the Russia sanctions and an emerging geopolitical order

Pain and resolve: have we reached the beginning of the end of sanctions?

April 6, 2023

Analysis

Mercantilist Deals of the Great Powers

Decoupling from China is an uphill task in both the global North and the global South

This is the twelfth edition of The Polycrisis newsletter, written by Kate Mackenzie and Tim Sahay. Subscribe here to get it in your inbox. The maiden flight of a new cargo route between Shenzhen and São Paulo took off on…

March 25, 2023

Reviews

No Alternative?

On Fritz Bartel’s The Triumph of Broken Promises

The Triumph of Broken Promises by Fritz Bartel is a new history of the end of the Cold War. Challenging conventional narratives that focus on Reagan’s military-ideological assertiveness or Gorbachev's openness to reform, the book gives a material and structural…

March 23, 2023

Analysis

Stranded Countries and Stranded Assets

Outsourcing the energy transition to the Gulf

This is the eleventh edition of The Polycrisis newsletter, written by Kate Mackenzie and Tim Sahay. Subscribe here to get it in your inbox. The US routinely flouts its international climate financing commitments, rarely delivering on its promises. Last year, for example,…

March 1, 2023

Analysis

The IMF Trap

Debt, austerity, and inequality in Sri Lanka’s historic crisis

Massive demonstrations that swept Sri Lanka last year exposed the serious challenges at the heart of the global economy. In July 2022, former President Gotabaya Rajapaksa was forced to flee the country, only a few months after announcing a hasty…

February 18, 2023

Reviews

The Sanctions Age

On Agathe Demarais’s “Backfire: How Sanctions Reshape the World Against US Interests”

Charles De Gaulle declared in 1961, “A great state which does not possess [nuclear weapons]… does not command its own destiny.” France became the world’s fourth nuclear power in 1960 following the Gerboise Bleue nuclear test. Yet the command of…

February 11, 2023

Analysis

The Carbon Triangle

China’s real estate bubble and global emissions

China has ended zero-Covid. The resultant viral tsunami is crashing through China’s cities and countryside, causing hundreds of millions of infections and untold numbers of deaths. The reversal followed widespread protests against lockdown measures. But the protests were not the…

January 25, 2023

Analysis

Militarized Adaptation

War, energy, and NATO’s new climate framework

This essay first appeared in GREEN, a journal from Groupe d’études géopolitiques. When NATO held its two-day summit in Madrid in June 2022, the Spanish government deployed ten thousand police officers to cordon off entire parts of the city, including…

January 18, 2023

Reviews

Cold Controls

On Daniels and Krige’s “Knowledge Regulation and National Security in Postwar America”

In an effort to stymie “indigenous” chip development in China, the US Bureau of Industry and Security (BIS) introduced new controls on semiconductor technology exported to the People’s Republic of China (PRC) last October. Targeting high-performance and advanced memory chips,…

December 15, 2022

Analysis

Europe’s “Leap Into the Future”

Do exceptional crisis-fighting policies signal the arrival of an interventionist Europe? 

This is the fifth edition of The Polycrisis newsletter, written by Kate Mackenzie and Tim Sahay. Subscribe here to get it in your inbox. In 2020, as demand for liquefied natural gas boomed in Asia, the shippable fuel was an afterthought in…

December 3, 2022

Analysis

Realignments

Bolsonarismo and Brazil’s shifting middle-class vote

Luiz Inácio Lula da Silva may have won last month’s presidential elections, but the strength of Bolsonarismo has been confirmed. In both houses of the National Congress, Bolsonarismo and its allies made gains, overcoming the traditional right wing. In the…

November 30, 2022

Interviews

Bittersweet Tides

Chile, Brazil, and the future of the Latin American Left

The recent victories of left parties across Latin America—most recently the election of President Luiz Inácio Lula da Silva in Brazil—have prompted comparisons with the Pink Tide of the early 2000s. But with narrow margins of victory against far-right opponents,…

November 18, 2022

Analysis

Collective Action and Climate Finance

Can the COP move markets?

This is the third edition of The Polycrisis newsletter, written by Kate Mackenzie and Tim Sahay. Subscribe here to get it in your inbox. At UN climate summits, the items that appear on the agenda are usually those that advocates have fought…

November 12, 2022

Analysis

The Sacrifice Zone

Mining communities in the wake of Chile’s constitutional referendum

In September 2022, 62 percent of Chilean voters rejected the country's proposed new constitution. The defeat took many by surprise—the demands to rewrite the existing charter had been loud and seemingly unanimous. For followers of Chile’s extractive industries, however, the…

November 3, 2022

Analysis

Domestic Politics & Planetary Change

Will a Lula victory be better for the climate than anything that happens at COP27?

Will a Lula victory be better for the climate than anything that happens at COP27?

October 26, 2022

Analysis

Town & City

Reading Brazil’s first round election results

Earlier this month, Brazilians went to the polls in an election billed as the most momentous since democratization in 1985. Far-right president Jair Bolsonaro faced off against former two-term president Luiz Inácio “Lula” da Silva. Though Lula did win the…

October 20, 2022

Analysis

An Introduction

An introduction to The Polycrisis

This is the first edition of The Polycrisis newsletter, written by Kate Mackenzie and Tim Sahay. Subscribe here to get it in your inbox. What crisis? A year ago, one might be forgiven for thinking there was a moment of relative calm…

September 28, 2022

Interviews

Bottom-up Bargaining

An interview with Xiao Ma on the politics of China’s high-speed railways

China’s high-speed railway network is one of the largest infrastructure programs in human history. Though today international headlines emphasize the decline in China’s growth—lagging behind the rest of Asia for the first time since 1990—for more than two decades, the…

September 15, 2022

Analysis

Technocracy and Crisis

Stagnation and technocratic rule in Italy

On September 25, Italians will be called to elect a new Parliament. The snap election follows on the heels of the forced resignation of the government in late July, led by former European Central Bank (ECB) President Mario Draghi. That…

September 2, 2022

Reviews

Politics and Expertise

On Elizabeth Popp Berman’s Thinking Like an Economist and Paul Sabin’s Public Citizens

Explanations for the rise of neoliberal policymaking in the United States commonly take one of two forms: a political history or an intellectual history. The first focuses on the overlapping crises of the 1970s and the rebalancing political coalitions competing…

August 6, 2022

Sources

The past few months have seen record-breaking heat waves across the globe. In India, a deadly heat wave in May renewed questions around the nation's health, safety, and economy.


Pragmatic Prices

An excerpt from How China Escaped Shock Therapy

European and American traditions of economic theorizing on price control are intimately connected with war—practices and debates over price control peaked amid the two world wars. The experience of the First World War had been one of inflation and limited…

July 30, 2022

Sources

This week, Russia’s state-run energy company Gazprom drastically cut gas supplies— delivered via the Russia-Germany Nord Stream 1 pipeline—to Europe. The move amplified longstanding concerns around European dependence on Russian energy.

July 23, 2022

Interviews

Resource Nationalism and Decarbonization

Revisiting “resource nationalism” in a new era of raw minerals demand

Across Latin America, a recent wave of left electoral victories has drawn comparisons to “Pink Tide” of the early 2000s. The current moment, however, coincides with a global push towards decarbonization, and much of the world’s supply of commodities essential…

July 9, 2022

Analysis

A New Labor Regime

The BJP's new labor reforms, the construction industry, and the mounting challenges for India’s trade unions

Since coming to power in 2014, India’s right-wing government led by Prime Minister Narendra Modi has introduced sweeping reforms aimed at strengthening the union government at the expense of the states, and catering to large corporations over smaller establishments and…

June 29, 2022

Analysis

Geographies in Transition

Mining-based development and the EU's critical raw materials strategy

Though it failed to resolve a number of contentious issues, the COP26 meeting in Glasgow solidified a consensus around the need for a global transition towards clean energy. Implicated in this transition is the widescale adoption of renewables—we must build…


Politics and the Price Level

Inflation and the governance of prices

In 1959, the leaders of the Organization for European Economic Cooperation (OEEC, now the OECD) appointed a Group of Independent Experts “to study the experience of rising prices” in the recent history of the advanced capitalist countries. Between the end…

May 12, 2022

Analysis

Financing Schools

America’s kleptocratic public school divide

As the arrival of the pandemic forced schools shut, the Public Schools of Robeson County in North Carolina scrambled to save the rural district’s closed and crumbling buildings. At the same time, they faced the major task of providing education…

May 7, 2022

Interviews

Fault Lines

An interview with Helen Thompson on the geopolitics of shale and energy independence

Restarting our economies after the pandemic continues to expose the fragility of our supply chains. The Russia-Ukraine conflict serves as a stark reminder that oil and gas can still dictate our anxieties. Commodity prices and our collective sense of vulnerability…

May 4, 2022

Analysis

Weimar Themes

Hilferding, Sohn-Rethel, and Hamilton

Putin’s invasion of Ukraine has flung the international order into crisis. Understanding the causes of such cataclysms requires understanding not only the interests of states, but also the shape of society—its internal tensions, as well as its material and cultural…

April 30, 2022

Sources

Exxon recently announced three oil discoveries off the coast of Guyana, increasing the company's recoverable oil potential in the country to 11 billion barrels. These discoveries have added to the high likelihood of Guyana becoming a major global oil producer in the…

April 30, 2022

Analysis

The Whole Field

Markets, planning, and coordinating the green transformation

In recent years, an intense debate has unfolded over the policy and politics of the green transition. Politically, the tide appears to be receding: As the Biden agenda has lost momentum and rising inflation moves center stage, the near-term prospects…

April 27, 2022

Analysis

Regime Change?

The evolution and weaponization of the world dollar

The centerpiece of shock and awe of the West’s economic response to Russia’s invasion and bombardment of Ukraine was the freezing of Russia’s central bank assets. In the March 7 edition of his Global Money Dispatch newsletter, the Credit Suisse…

April 15, 2022

Analysis

Economic War and the Commodity Shock

A discussion on sanctions and global commodity markets

The war in Ukraine has unleashed both geopolitical and economic strife, and nowhere is the latter clearer than in the volatile commodities market. Commodities prices have fluctuated wildly since the Russian invasion began and the US-led coalition retaliated with extraordinary…

March 12, 2022

Interviews

Structures of History

An interview with historian William Sewell

Few scholars have had the theoretical, methodological, and empirical influence of William Sewell. His work has persistently scrutinized and challenged disciplinary barriers, placing historical and social scientific methods in dialogue and thereby illuminating their strengths and shortcomings. This effort is…

March 9, 2022

Analysis

Bargaining Chip?

On the speed and scope of the Russia sanctions, and the prospects for off-ramps

For the global hegemon, pulling the trigger on crisis management seems to consist primarily of posting PDFs to government websites. During the March 2020 financial panic, as the coronavirus first spread throughout the Global North, the Federal Reserve feverishly published…

February 5, 2022

Sources

The Port of Los Angeles and the Port of Long Beach processed respectively 10.7 and 9.3 million twenty-foot equivalent units of cargo volume in 2021, with the former setting a record high of shipping volume in the Western Hemisphere. Continuing…

January 22, 2022

Sources

Earlier this month, a wave of protests spread across Kazakhstan. Though prompted by rising gas prices, the demonstrations soon came to target the country's decades long trajectory of corruption and resource privatization. A 2001 article by ERIKA WEINTHAL and PAULINE JONES LUONG…

December 23, 2021

Interviews

Rekindling Labor?

An interview with Kim Voss on the American labor movement, from the Knights of Labor to “Striketober.”

The uptick in organized and unorganized labor militancy registered throughout the pandemic, and in particular in strike and unionization campaigns in recent months, comes at a relative nadir for the US labor movement. The work of Kim Voss, Professor of…

December 23, 2021

Analysis

Stop, wait, go

Is Germany's new coalition government a return to the status quo?

The new coalition government in Germany, led by Social Democrat Olaf Scholz, is the first time that the SDP, the Greens, and the Liberals have joined together in a single government. The cooperation agreement, published on November 24, was the…

December 17, 2021

Analysis

Death or glory?

New forms of fascism haunt Chile’s presidential election

In October 2019, a proposed thirty peso hike in public transport fares triggered protests in Santiago that spread to other major cities across the country, denouncing the country’s economic infrastructure with the slogan, “It’s not thirty pesos, it’s thirty years.” Chileans…

November 20, 2021

Sources

In October, over 10,000 John Deere workers went on strike, 1,400 Kellogg's workers followed suit, and observers anticipated thousands more IATSE members and Kaiser Permanente workers to walk out. (After voting down two contracts, workers at Deere reached an agreement last week ending…

November 6, 2021

Analysis

Titans

Tracing the rise and the politics of asset manager capitalism

In mid October 2021, when BlackRock revealed its third quarter results, the asset management behemoth announced it was just shy of $10 trillion in assets under management. It’s a vast sum, “roughly equivalent to the entire global hedge fund, private…

November 4, 2021

Analysis

Negotiations

The Federation of German Industries’ agenda in the formation of the new German federal government

The new German government will be called upon, at a highly critical time for the global and European economy, to draw up a new economic and political strategy not only for Germany but also for the EU/Eurozone. The outcome will…

September 18, 2021

Sources

This week, millions in California voted in support of Governor Gavin Newsom in a recall election. California is one of 19 states that grants power to voters to recall a sitting governor, a law which was passed in 1911 as…

August 21, 2021

Sources

Observers in the past decades have commented on increased urbanization in India, which has led to new challenges for development, housing, and labor. But the majority of India's population, and thus electoral power, remains in rural regions.

August 7, 2021

Sources

This week, the Mexican government sued eleven major US arms manufacturers, alleging that they facilitated the illegal flow of guns into the country. The proliferation of US-manufactured guns in Mexico during recent years has been well-documented, but their presence precedes…

July 12, 2021

Interviews

Long Crises

An interview with Benjamin Holtzman

As New Yorkers grapple with an uncertain future, the fiscal crisis of the 1970s and its aftermath are often invoked by the press and politicians. Today, “New York in the 1970s” is shorthand for a city facing poverty and crime,…

July 10, 2021

Sources

Haiti's President Jovenel Moïse was assassinated on Wednesday, plunging the country into greater political unrest following months of protests around Moïse's controversial decision to rule by decree.

July 3, 2021

Sources

The impending retreat of US troops from Afghanistan has brought renewed discussion on Pakistan amidst both US and Chinese alliances. Much of the scholarship on Pakistan centers around its military and foreign policy, but less attention has been given to…

June 26, 2021

Sources

Since the 2000 World Water Forum in The Hague, governance over water resources has gained salience in international development discourse. The allocation of rights (to technology and decisionmaking) and resources (both financial and natural) has shaped local economies in the…

June 19, 2021

Sources

Earlier this week, global leaders at the G7 summit signed a "green belt and road initiative," which offers funds to low income countries for sustainable investment.

June 8, 2021

Analysis

The Crisis Canal

Trade, bond markets, Suez, and the Ever Given.

Why did the Ever Given capture our collective imaginations? At the end of its week in the spotlight, the poet Kamran Javadizadeh wrote: “I too am ‘partially refloated,’ I too remain stuck in the Suez Canal.” Two fluorescent yellow-vested construction…

April 28, 2021

Analysis

Reconstruction Finance

Popular politics and reconstructing the Reconstruction Finance Corporation.

Like the world system as a whole, segregated cities in the United States have their own finance driven core-periphery dynamics.

April 24, 2021

Sources

The US government spends upwards of $20 billion annually on domestic agricultural support programs, but with over 20 percent of farm products exported, these programs interact with trade policies that have fluctuated in the last century between protectionism and liberalization.

February 20, 2021

Analysis

Democracy or the Market

Third wayism and the problem of representation.

The problem of democratic representation has always turned on the question of the “have-nots”—that is, not only those without wealth and property, but also those marginalized on the basis of race, ethnicity, gender, origin, religion and education. Even in a…

February 20, 2021

Analysis

Revolution, Reform, and Resignation

In the 1980s, the left abandoned its language of transformation. Can it be regained?

Some time in 1991 I was invited to give a talk to the Andalusian Confederation of the Spanish Socialist Worker’s Party (PSOE). Afterwards, the secretary of the confederation walked me back to my hotel. I asked him why there was…

February 20, 2021

Analysis

François Mitterrand’s Austerity Turn

The rise and fall of the French Road to socialism.

The history of French socialism is filled with famous and heroic dates: 1789; 1848; 1871 1936; 1968. But less well remembered is another date of great significance: 1981. It was in May of that year that the French left achieved…

February 20, 2021

Interviews

New System, New Society

An interview with former Prime Minister of Spain Felipe González.

Felipe González was Prime Minister of Spain from 1982-1996.

February 20, 2021

Analysis

Transitions

Four voices on Spain's transition from the Franco dictatorship to parliamentary monarchy — and what didn't change.

It’s been some time since the term “transition” was fully incorporated into day-to-day usage in contemporary Spanish. It refers to the process of political change that began during the second half of the 1970s, a process which transformed Spain from…

February 18, 2021

Interviews

Confronting Globalization

An interview with François Morin.

François Morin was technical adviser to Jean le Garrec at the State Secretary for Public Sector Expansion from 1981–1982 and an adviser to Prime Minister Pierre Mauroy.

February 6, 2021

Sources

While the neoliberal era appears to be in crisis, we took on a project to investigate its historical foundations. The tensions of the current political moment are commonly traced to the financial deregulation and economic liberalization of the 1980s and…

February 5, 2021

Analysis

The Italian Left After Keynesianism

From stagflation to the transformation of Italian left parties.

In 1977, Eric Hobsbawm published a book of interviews with Giorgio Napolitano, a leading figure in the Italian Communist Party (PCI)’s gradualist wing, the miglioristi. Hobsbawm proclaimed himself a “spiritual member” of the PCI and intended this book to depict…


Changing Bases

An interview with Emanuele Macaluso, Italian trade unionist and politician with the Italian Communist Party (PCI)

Emanuele Macaluso was an Italian trade unionist and politician with the Italian Communist Party (PCI).


Creative Destruction

An interview with Claudio Petruccioli

Claudio Petruccioli is an Italian politician who was president of the Italian national broadcast network RAI from 2005–2009.

January 23, 2021

Sources

Outside of Brazil, the Bolsa Familia is known as the hallmark social policy of the former President Lula and remains the world's largest conditional cash transfer program. Less well known is the history of Brazil's social policy in the early…

January 22, 2021

Analysis

Inflation, Specific and General

The many causes and effects of inflation.

Concerns over a generalized “inflation” loom in the recovery. Yet the prices that most heavily factor into the cost of living for US workers—housing, health, and education—have already been rising for decades. The question we should be asking is whether…

January 16, 2021

Sources

The simultaneous integration of global markets and decentralization of government within nation states has been a hallmark of the age of globalization. In a 2004 article, NEIL BRENNER looks to Europe to argue that through processes of decentralization and localization,…

October 16, 2020

Analysis

Data as Property?

On the problems of propertarian and dignitarian approaches to data governance.

Since the proliferation of the World Wide Web in the 1990s, critics of widely used internet communications services have warned of the misuse of personal data. Alongside familiar concerns regarding user privacy and state surveillance, a now-decades-long thread connects a…

October 3, 2020

Sources

Recent weeks have seen proliferating analyses of the constitutional infrastructure of the US, and speculation over its ability to hinder the behaviors of a disruptive incumbent. New concerns reflect longstanding apprehension over the stability of presidential regimes.

October 1, 2020

Analysis

A Popular History of the Fed

On Populist programs and democratic central banking.

Since Lehman collapsed in 2008, central banks have broken free of historical norms, channelling trillions into the banking system to prop up global finance and the savings of depositors from Germany to Hong Kong. The corona crash has only accelerated…

September 25, 2020

Analysis

Direct Effects

How should we measure racial discrimination?

A 2018 National Academy of Sciences report on American policing begins its section on racial bias by noting the abundance of scholarship that records disparities in the criminal justice system. But shortly thereafter, the authors make a strange clarification: “In…

July 10, 2020

Analysis

The Crisis and the Free Market

On crisis, partisanship, and public policy

Will the current crisis transform America’s politics and economic institutions? With unemployment higher than at any point since the Great Depression, rising food insecurity, and an increasingly muscular role for government—are we witnessing the beginning of the end of the…

May 12, 2020

Sources

Covid is changing popular attitudes towards the public sector, prompting many commentators to anticipate a new period of welfare expansion. Others are more skeptical, noting that public opinion undergoes rapid fluctuations, which rarely resolve into a new equilibrium.

May 1, 2020

Analysis

The Class Politics of the Dollar System

Managing an international public good

The global dollar system has few national winners. The typical frame for understanding the US dollar is that of “exorbitant privilege.”

April 17, 2020

Analysis

Inside Out

Shaping the base of a renewable economy

The transition to a post-carbon energy economy will require extraction.

March 31, 2020

Sources

The need to formulate a unified COVID response has placed pressure on European integration in recent days, with Germany and the Netherlands resisting Southern European calls for the issuing of "coronabonds." A 2018 paper by John Ryan and John Loughlin…

February 27, 2020

Analysis

The Economics of Race

On the neoclassical and stratification theories of race

Black America has had less wealth, less income, less education, and poorer health than white America for as long as records have been kept.

January 13, 2020

Sources

Researchers of policy history have long deliberated over explanatory frameworks: institutionalist accounts tend to focus on inherited conditions and path dependency in political development, while others stress the importance of social movements in shaping policy. Among the more dynamic analytical…

November 28, 2019

Phenomenal Works

Phenomenal Works: Alexander Hertel-Fernandez

On unions, advocacy, and influence

Alexander Hertel-Fernandez is a political scientist who studies the mechanisms of influence. Focusing on the strategies of organized interests, including both business and labor, Hertel-Fernandez's helps illuminate crucial and poorly understood levers of American political economy.

November 7, 2019

Analysis

Collective Ownership in the Green New Deal

What rural electrification can teach us about a just transition

This year, we once again shattered the record for atmospheric carbon concentration, and witnessed a series of devastating setbacks in US climate policy—from attempts to waive state protections against pipelines to wholesale attacks on climate science.

October 31, 2019

Phenomenal Works

Phenomenal Works: Leah Stokes

Networks of climate denial

Leah Stokes is an Assistant Professor in the Department of Political Science at the University of Santa Barbara. Her research spans representation and public opinion, voting behavior, and environmental and energy politics. ways forward in the climate crisis. Below, her…

October 28, 2019

Sources

Tax reform is at the forefront of contemporary policy debate. US citizens pay taxes at lower rates than their European counterparts, and a growing number of researchers agree that progressive taxes on wealth and income have the potential to rectify…

September 16, 2019

Sources

Two weeks ago today marked the passing of the great Immanual Wallerstein. His work has had resounding influence across fields: from literature, to legal theory, education, development studies, and international relations. Among his foremost contributions is the four volume Modern…

June 13, 2019

Interviews

Elections, Social Democracy, and the Neoliberal Shift

An interview with Adam Przeworski

Throughout the 20th century, radical social movements were plagued by their relationship to existing state institutions. Across Western Europe, labor movements found political expression in parties like the Swedish Social Democrats, the German SPD, and the French Socialist Party.

January 24, 2019

Analysis

Why Rational People Polarize

Explanations of political polarization

U.S. politics is beset by increasing polarization. Ideological clustering is common; partisan antipathy is increasing; extremity is becoming the norm (Dimock et al. 2014). This poses a serious collective problem. Why is it happening?

December 1, 2018

Sources

GREEN INFLUENCE A discussion of different approaches to climate policy Last week, the U.S. government released the Fourth National Climate Assessmentwhich outlined the dire economic and environmental consequences of climate change. Instead of highlighting key findings of the report—two good…