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.
The crisis, years in the making, was a consequence of the government’s rapid deregulation and privatization of the banking system. | Order this issue or subscribe. | The sources for this article are available here.