Financial Crisis

Nothing has revealed the class divide in the U.S. quite like runaway inflation and skyrocketing gas prices. But in addition to the economic impact the staggering incompetence of the Biden administration is having on the working class, there is a political one; it's undeniably driving working class voters even further from the Democrats and toward the GOP.  read more »

Evergrande, China's second-largest property developer, has said that it might not make interest payments on its bonds this week.  read more »

In the new Showtime series, American Rust, set and filmed outside of Pittsburgh, PA, and based on the 2009 novel by Philipp Meyer, we see the aftermath of an industrial collapse so devastating that the fictional town of Buell, PA, looks like it’s been bombed, strafed, and ransacked.  read more »

The COVID-19 pandemic has transformed the world economy in ways that will be debated by pundits and future historians for decades to come. Yet, as hard as it is to predict a disrupted future accurately, the pandemic (not to mention its probable successors) looks likely to produce clear economic winners and losers.  read more »

This past year of the pandemic has, for many, been one of struggle and isolation. So films about single older working-class women dealing with economic and personal challenges might not seem inspiring at the moment. But the insights they provide into how belonging helps people navigate hardship make them worth a look.  read more »

Political progressives have an opening to rewrite recent U.S. history, and they don’t intend to stop with the Trump years. The deepest left has already gone way back (as far as the celebrated 1619 Project), but for most social welfare Democrats, it’s enough to erase the stain of Ronald Reagan.  read more »

Donald Trump’s finally gone, but if Joe Biden wants his return to normalcy to be any more successful than his predecessor’s appeal to greatness, he’ll need to take on the real issues dragging red and blue America down: economic torpor, ever increasing inequality, and policies that diminish people’s prospects of making it into or maintaining their positions in the middle class.  read more »

“The faith that anyone could move from rags to riches – with enough guts and gumption, hard work and nose to the grindstone – was once at the core of the American Dream.” –Robert Reich, economist and former U.S. Secretary of Labor

“Abandon hope, all ye who enter here.” –Dante Alighieri, inscription on the gates of Hell, The Divine Comedy, circa 1321  read more »

Predictably, politicos and commentators spent much of 2020 debating why working-class voters supported Trump and how the Democrats could win them back. Although we’ve occasionally contributed to these conversations, we’re also getting tired of them. They tend to envision “the working class” as if it were one group with a well-defined set of interests, and worse, they treat working-class people as a marketing problem.  read more »

Like many, if not most Americans, I am somewhat relieved to see the petulant, nasty and sometimes clearly unhinged Donald Trump leave the White House. Yet for all his antics and vitriol, Trump has left a legacy that will be difficult to ignore and, given the dispensation of his opponents, could shape the future for the next decade.  read more »