A Death in the Valley: What the End of SVB Reveals About VC Class Solidarity A Death in the Valley: What the End of SVB Reveals About VC Class Solidarity
With the banking system sitting on $620 billion in paper (unrealized) losses, this saga may be far from over.
Mar 17, 2023 / Doug Henwood
The Latest Banking Crisis Is Brought to You by the Federal Reserve The Latest Banking Crisis Is Brought to You by the Federal Reserve
There’s a lot of blame to go around for the failure of the Silicon Valley Bank. But the Fed’s myopic attitude towards inflation bears much of the responsibility.
Mar 17, 2023 / Sasha Abramsky
Bankers Lobbied for Deregulation, Congress Capitulated, and Now Banks Are Collapsing Bankers Lobbied for Deregulation, Congress Capitulated, and Now Banks Are Collapsing
The Silicon Valley Bank collapse doesn’t require a bailout. It requires stronger bank oversight and the repeal of the 2018 “economic growth” act.
Mar 14, 2023 / John Nichols
Silicon Valley Learns to Love Socialism for the Rich Silicon Valley Learns to Love Socialism for the Rich
The very people who eviscerated banking regulations now want to be shielded from the catastrophe they caused.
Mar 13, 2023 / Jeet Heer
Reports of the Death of Biden’s Student Debt Cancellation Program Are Premature Reports of the Death of Biden’s Student Debt Cancellation Program Are Premature
Pronouncing debt cancellation DOA takes the Supreme Court’s ruling as the last word—precisely at the moment when the court’s authority demands challenge, not complacency.
Mar 13, 2023 / Eleni Schirmer
The Widespread Cruelty of Death Care Disparities The Widespread Cruelty of Death Care Disparities
We live in a world where the quality of care you receive while dying depends on how much you can afford.
Mar 9, 2023 / Priti Gulati Cox and Stan Cox
The Absurd Specter of “Woke Communism” The Absurd Specter of “Woke Communism”
Ironically, those decrying woke communism may be loony about “communism,” but they are unintentionally right that capitalism is indeed the problem.
Feb 21, 2023 / Steve Fraser
Why Washington Tolerates the Trump Family’s Saudi Corruption Why Washington Tolerates the Trump Family’s Saudi Corruption
You can buy an American president—just as long as your country is a putative ally.
Feb 13, 2023 / Jeet Heer
We’re Living in a Golden Age of Plenty—for the Rich We’re Living in a Golden Age of Plenty—for the Rich
Conspicuously absent from this year’s World Economic Forum was one of the most pressing issues of our time, which the elite that gathered are chiefly responsible for creating.
Feb 13, 2023 / Rev. Dr. Liz Theoharis
Deadly Violence Against Protesters Is the New Normal Deadly Violence Against Protesters Is the New Normal
Our over-militarized police force makes de-escalation unthinkable and violence inevitable—and, in the case of the "Cop City" shooting, lethal.
Feb 3, 2023 / Michael Gould-Wartofsky