Tag: U.S. capitalism

A Cruel Hoax: The Political Economy of Anti-immigration

RICHARD D. WOLFF – As with immigration, the political economics of other Trump-Musk projects (and much of Project 2025) raise similar profound questions about their logic, blind spots, and unintended consequences. The deep contradictions of anti-immigration—and other projects—are not overcome by hiding them under the veneer of slogans like “America First.” We continue to experience the American version of what “declining empire” means.

A Class Analysis of the Trump-Biden Rerun

RICHARD D. WOLFF – One crucial lesson of the New Deal will have been learned and applied. Leaving the capitalist class structure of production unchanged—a minority of employers dominating a majority of employees—enables that minority to undo whatever reforms any New Deal might achieve. That is what the U.S. employer class did after 1945. The solution now must include moving beyond the employer-employee organization of the workplace. Replacing that with a democratic community organization—what we elsewhere call worker cooperatives—is the missing element that can make progressive reforms stick