How Federal Reserve policies, the recession they triggered, and broader political and economic changes weakened workers’ power and helped usher in an era of extreme inequality.
A string of primary victories by DSA-backed candidates and other progressives—from New York to Michigan to Florida—is giving the Democratic left new leverage while putting its ambitious economic agenda back at the center of the party’s debate.
Driven by speculative finance, stagnant wages, and AI hype, today’s tech-heavy economy mirrors the fragile plutonomy that collapsed into the Great Crash of 1929.
