Yanis Varoufakis grew up during the Greek dictatorship of 1967–1974. He later became an economics professor and was briefly Greek finance minister in 2015. His late father, a chemical engineer in a ...

Ask a socialist critic of capitalism how to define capitalism and you will probably receive an incoherent answer. Defining ...

Nancy Fraser has broadened her understanding of how capitalism works and why it relies on multiple forms of domination. Her theory shows us that feminist, environmental, and anti-racist struggles are ...

Yesterday I claimed that most people on the left and right recognize that economics and morality can’t be safely quarantined from each other. But whereas those on the left usually start with questions ...

I make the case for free markets. Young people elect socialists! What are they thinking? Do they even think? Do they pay any attention to history? Or economics? Socialism always fails. Only markets ...

When news breaks, you need to understand what actually matters — and what to do about it. At Vox, our mission to help you make sense of the world has never been more vital. But we can’t do it on our ...

In the brilliant Capitalism, Socialism and Democracy, economist Joseph Schumpeter argues that capitalism’s economic success, paradoxically, eventually undermines its necessary social foundations.

Market capitalism is under attack, coming from two separate assaults. As an economic system, it is criticized for deepening inequality and enriching a small group of elites. Simultaneously, the ...

The apparent unravelling of the Canada-United States trade relationship should make it clear that it is time to face reality: ...

Trump is having the government buy stakes directly in companies — and it's going to change the way we all do business and reshape the economy.

A working paper from the World Economic Forum stated that “China’s private sector - which has been revving up since the global financial crisis - is now serving as the main driver of China’s economic ...

Free-market ideas grew in a religious and moral soil. We need to replant them there. Over the last 30 years, we have witnessed the most significant movement out of poverty in human history. If this ...