Class Politics

For nearly half a century, Americans have been bombarded by neoliberal propaganda promoting the lie that wages are objectively determined by impersonal labor markets. This falsehood has been repeated by academics, journalists, business leaders, and politicians so often that even many on the liberal left and the populist right believe it. In Hell to Pay, Michael Lind, author of The New Class War, debunks this lie.

In Filthy Rich Politicians, Lewis embarks on an investigative deep dive into the ridiculous state of modern American democracy—a system where the rich get elected and the elected get rich. One of the brightest conservative writers of his generation, Lewis doesn’t just complain: he articulates how Americans can achieve accountability from their elected leaders through radically commonsense reforms. But many of these ruling-class elites have a vested financial interest in rejecting the reforms so desperately needed to rebuild Americans’ trust in the institutions that once made our nation great.

Kelly argues instead for the democratization of ownership, including public ownership of vital services, worker-owned businesses, and more. She sketches the outlines of a nonextractive capitalism that would be subordinate to the public interest. This is an ambitious reimagining of the very foundations of our economy and society.

It’s hard to avoid innovation these days. Nearly every product gets marketed as being disruptive, whether it’s genuinely a new invention or just a new toothbrush. But in this manifesto on the state of American work, historians of technology Lee Vinsel and Andrew L. Russell argue that our way of thinking about and pursuing innovation has made us poorer, less safe, and — ironically — less innovative. Drawing on years of original research and reporting, The Innovation Delusion shows how the ideology of change for its own sake has proved a disaster.

From Wall Street to the West Coast, from blue-collar billionaires to blue-blood fortunes, from the Google guys to hedge fund honchos, All the Money in the World gives us the lowdown on, among other things: the all-time richest Americans, who made and lost the most money in the past 25 years, the fields and industries that have produced the greatest wealth, the biggest risk takers, the most competitive players, the most wasteful family feuds, the trophy wives.

In Dreams of the Overworked, Christine M. Beckman and Melissa Mazmanian offer vivid sketches of daily life for nine families, capturing what it means to live, work, and parent in a world of impossible expectations, now amplified unlike ever before by smart devices. We are invited into homes and offices, where we recognize the crushing pressure of unraveling plans, and the healing warmth of being together. Moreover, we witness the constant planning that goes into a "good" day, often with the aid of phones and apps.

For decades, it has been easier to imagine the end of the world than the end of capitalism. In the decade leading up to the 2008 financial crisis, booming banks, rising house prices, and cheap consumer goods propped up living standards in the rich world. Thirty years of rocketing debt and financial wizardry had masked the deep underlying fragility of finance-led growth, and in 2008 we were forced to pay up.

Tad Friend's family is nothing if not illustrious: his father was president of Swarthmore College, and at Smith his mother came in second in a poetry contest judged by W. H. Auden -- to Sylvia Plath. For centuries, Wasps like his ancestors dominated American life. But then, in the '60s, their fortunes began to fall. As a young man, Friend noticed that his family tree, for all its glories, was full of alcoholics, depressives, and reckless eccentrics.

In the heyday of American labor, the influence of local unions extended far beyond the workplace. Unions were embedded in tight-knit communities, touching nearly every aspect of the lives of members and their families and neighbors. Lainey Newman and Theda Skocpol provide timely insight into the relationship between the decline of unions and the shift of working-class voters away from Democrats.

A sweeping, magisterial biography of the man generally considered the greatest president of the 20th century, admired by Democrats and Republicans alike. Traitor to His Class sheds new light on FDR's formative years, his remarkable willingness to champion the concerns of the poor and disenfranchised, his combination of political genius, firm leadership, and matchless diplomacy in saving democracy in America during the Great Depression and the American cause of freedom in World War II.

The Theory of the Leisure Class was written by Thorstein Veblen at the turn of the 20th century. It delves deeply into the nature of economics and the social institutions, exploring the forces that create and maintain class division, how these forces evolved through history, and how they influence the economy. In this work, Veblen presents a critique of capitalism on the basis of "conspicuous consumption", a term that he himself coined. He examines economics as a function of evolution, tracking the division of labor and stratification of class during the development of society.

When Bloomberg News invited the young American journalist Alex Cuadros to report on Brazil's emerging class of billionaires at the height of the historic Brazilian boom, he was poised to cover two of the biggest business stories of our time: how the giants of the developing world were triumphantly taking their place at the center of global capitalism and how wealth inequality was changing societies everywhere.

What does a middle-class democracy look like when it comes apart? When, after 40 years of economic triumph, America’s winners persuade themselves that they owe nothing to the rest of the country? Rendezvous with Oblivion is a collection of interlocking essays examining how inequality has manifested itself in our cities, in our jobs, in the way we travel - and of course in our politics, where in 2016, millions of anxious ordinary people rallied to the presidential campaign of a billionaire who meant them no good.

Do you feel prepared to initiate and facilitate meaningful, productive dialogues about race in your classroom? Are you looking for practical strategies to engage with your students? Inspired by Frederick Douglass' abolitionist call to action, "it is not light that is needed, but fire", Matthew Kay has spent his career learning how to lead students through the most difficult race conversations. Kay not only makes the case that high school classrooms are one of the best places to have those conversations, but he also offers a method for getting them right.

These are dangerous times for democracy. We live in an age of winners and losers, where the odds are stacked in favour of the already fortunate. Stalled social mobility and entrenched inequality give the lie to the promise that 'you can make it if you try'. And the consequence is a brew of anger and frustration that has fuelled populist protest, with the triumph of Brexit and election of Donald Trump.

For many, the road to law school success seems blocked by obstacles and filled with potholes. But learning the law and getting good grades on your law school exams is really not that difficult. You just need someone to show you the way. The 1L Success Guide was written by someone who graduated #1 in his law school class. He shares the methods by which he learned the law and aced his law school exams, earning 9 high-paper awards in the process.

In recent years the young, educated, and affluent have surged back into cities, reversing decades of suburban flight and urban decline. And yet all is not well, Richard Florida argues in The New Urban Crisis. Florida demonstrates how the same forces that power the growth of the world's superstar cities also generate their vexing challenges: gentrification, unaffordability, segregation, and inequality.

Die Party ist vorbei. Der Crash ist da. Aus der Bankenkrise 2008 wurde über Nacht eine Krise der Weltwirtschaft. Da ist guter Rat teuer, und man beginnt sich an die Spekulationsblasen und Krisen der Vergangenheit zu erinnern. Kapitalismuskritik ist wieder in Mode, bleibt aber meist an der Oberfläche. Doch wie keinem anderen Ökonomen ist es vor 150 Jahren Karl Marx gelungen, die aberwitzigen Bewegungen des Kapitals und seinen Hang zur Selbstzerstörung zu beleuchten.

The Ponzi Factor is the most comprehensive research ever compiled on the negative-sum nature of capital gains (non-dividend stocks). This means, as a whole, ALL investors will lose money from buying and selling stocks. Most people don’t realize that profits from buying and selling stocks come from other investors who are also buying and selling stocks. When one investor buys low and sells high, another investor is also buying high and needs to sell for even higher.

Brad Braxton and Anthony Pinn represent two traditions—Christianity and Secular Humanism respectively—that have for centuries existed in bitter opposition. For too long, people with different worldviews have disparaged and harmed one another. Instead of fighting each other, Braxton and Pinn talk with, listen to, and learn from one another. Their wide-ranging conversation demonstrates the possibility of fruitful exchange that accounts for—rather than masks—their differences.